#BTC


Thoughts from a fellow with experience in crypto and finance.

👆It's like a gradually dying flame in a campfire. First, the wood that was previously placed there burns out. The heat generated is most effectively used by those closer (; they are comfortable, with seats and loungers around the fire, food, water, and all the amenities ). The others are already far away and freezing, having lost almost all their savings.

Next, when the flame is already shaky and about to go out, they start quietly adding paper and kindling and watch the reaction. Gradually, they add logs, but the ignition from them is slow, and at the right moment, they inject a spark ( to make a local price pump ). While the flame burns stronger than usual, its heat is felt by many, and other market players, seeing this, are encouraged and start throwing more and more logs into the fire. The temporary action of the spark ends, but the flame rises higher due to the added logs.

I think you roughly understand the scheme? The fire is burning, and the manipulator periodically adds a spark to it, provoking other players to throw their logs into the fire to get their share of warmth.
BTC0,3%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
SergioBananivip
· 33m ago
KAST raised $80 million at a valuation of $600 million Payment company KAST, which works with stablecoins, closed a round at $80 million, raising its valuation to approximately $600 million, reports Bloomberg. The company expects that the annual recurring revenue (ARR) will grow to $100 million this year amid demand for "digital dollar account" services and dollar transactions through blockchain networks.
View OriginalReply0
  • Pin