| | | Got an on-line Zoom share-screen lesson by two 30-years young out of San Francisco arranged for by pal.
They work in the crypto industry, staking small startups with their earlier gains, and helping common / usual companies to do 'something' in the blockchain space.
They led me through the easy peasy ways to move around the crypto exchange and verbalise a few takeaways
(1) Had one simply rolled from one ICO to the next ICO, the gains would be enormous.
(2) 60-70% of crypto trading done by momentum bots out of Hong Kong and New York, and the whales of momentum generation are ex-energy traders out of the squid organisation, they all know each other. There are ways to generate momentum and the market makers know what they are doing.
(3) Given such above (1) and (2), trade accordingly
(4) Utility tokens are different from BTC, in that
(4-i) BTC is useless but first-mover and accept, and has no sovereign
(4-ii) Utility tokens (i.e. ETH, etc) are supposed to be useful, but many are not used due to design / conception flaws
(4-iii) But not all utility tokens are flawed, as some of the later designs are better than earlier ones, but struggles due to lack of support to on-board users
(5) In any case, I bought my first batch of USDC with USD, and switched out of ETH for USDC, and signed up for both Options 2 and 3 of the Casper token ICO casperlabs.io , now weapons-ready for 8:00am 30th March, to engage at 2-cents (6-months lockup) and at 3-cents (no-lockup) on top of whatever I staked last year at 1-cent and 1.5-cents.
The youngsters shall operate the validation machinery to make gains on pooled tokens, whatever the puck that means, and give rise to baby Caspers.
I asked them their education background and they are mechanical engineers but grew up w/ the industry by learning along the ways. Wonderful.
(6) I was not ashamed to ask really dumb questions, starting with the prevail and obvious, "excuse the dumb question, but what makes the price go up?"
Their answer was straight forward, "hype, and adoption". Clear enough, and just as I suspected.
Team China gave the thumbs-up to Casper as utility glue along side ETH and 4 earlier glues, all faulty. Casper is the first new-add in something like 2 years.
(7) By watching whatever they watch, they detect slow and steady accumulation of BTC and ETH by China players
(8) NFT-ing bloomberg.com shall lead to tokenisation of everything tokenisable, and give rise to democratisation / popularisation of all manner of stuff (real estate, gold, anything documented by contracts, whatever)
(9) Scoffed at officialdoms current effort to make folks declare their crypto wallets, with "good luck" and "they are so behind the curve they have no idea of they are doing" |
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