The mindset of a typical crypto hamster.
Looking for a high-paying job where you don’t have to work and don’t have to know anything. I am special. I do not want to study as I know everything, even what I do not know.
I got used to “go to work” for $ 100-300 per month from 8:00 to 17:00, I do not want to change anything, as I am so comfortable. Let others think for me, those who herd me like a sheep, I am proud of that. My avatar model has the sheep-slave program stitched into it, that’s how I feel comfortable.
I am a patriot to my masters and to the territory where my flock, of which I am an integral part, is located. The more the shepherds exploit me, the more addicted I am to them. It can’t be explained! It is something higher! No one understands it, including me.
A slave’s job is sacred, I can’t leave it, I can’t let my masters down! I fear the criticism of other sheep at me. I am a patriot, I am not a replaceable bolt of the system, I am special, just like the other special ones of which there are over 5 billion.
My main job, for a quick super profit I can’t sacrifice! Sacred sadomasochism cannot be touched! I want to work 10-30 minutes a day, no more! Ready to invest the equivalent weight of money no more than 100-300 dollars, as more the owners do not allow me to accumulate in a year. I think they do it out of good intentions, protecting me with poverty, from the scary world and above all from myself.
In a month I want to have at least $5,000 – $10,000 of net profit from doing nothing, I do not agree to less, as I am a special sheep. You are very honoured to do business with me! And if it doesn’t work out, it’s not a problem for me but for you or circumstances!Confession of a true citizen-worker “hamster”.
Unfortunately, this is the way most people who come to the market think. Everyone wants easy money, without significant financial and mental effort. The lower the level of intelligence and morality, the more their thinking resembles the above-written text. Their fate is always sad and predictable, only few of them make right conclusions from their mistakes.
To have a great monetary resource, you have to have a great intellectual resource to manage it. Unfortunately, most people have a minimal second resource, wishing to have an excessive first resource.
Moral and immoral methods of making money in the market.
Every trader develops his own skills, using methods and strategies, which are more effective for profit making. As a rule, different trading methods and strategies work well in symbiosis, separately they are less effective.
Some of them work with indicators, some with market depth, some with charts. Some traders use daily time frame, others use 5 minutes. There are people who invent various tricks of trading, stock and arbitrage traps, collecting ISO pools, pamp groups. All these are different methods of making profit through speculation.
Everyone comes up with something different for taking profit according to his level of experience, knowledge and morality. Some methods of earning money are immoral. But you must also understand that people are different. But those people who have no strategy and no plan – are doomed in advance to complete nullification of the trading deposit over time.
Everyone has his own methods and strategies. The most important thing is that they give results. You cannot copy everything blindly. But that is what newbies in trading do. Those trading methods and strategies which for some people bring a good result, in others blind copying will only bring losses. Create your own style of trading and earning based on your experience, morals and other abilities.
There must be a strategy and a plan. At the same time, your strategy and plan should be malleable from market situations.
The ICO promised a $1000 Lamborghini a year from the investment, but the investment left only pennies for a kefir bun.
I especially want to emphasise the immorality of the organisers of ISOs and various kinds of ISO fundraising pools. 99% of them are scams. Most ISOs are pure fraud. There are people who have personal acquaintance with the ISO organizers. Know their plans, get impressive kickbacks for promoting a certain ISO through their ISO pool, mass media, advertising resources. ISO pools help promote scam projects, speed up fundraising from naive people. Usually against kickbacks.
For example, if ISO pool collects 500 ETH from hamsters, in addition to 3-5% commission from hamsters, organizers of the pool will receive a certain % kickback from ISO organizers. The more money they raise, the higher the % is.
By the way, organizers of ETN pools can cash out at once at market for $ if they wish, unlike “investors” who receive token at ISO and it is not traded anywhere yet. By the way, it may never go on the exchanges at all. Often the token of a particular ISO depreciates in value many times over after it is traded on exchanges.
There are dozens of such examples. Blind greed and the belief that one can earn fabulous amounts of money doing nothing depletes deposits of “investors”. But thanks to such believers, this market earns so much money, both honestly and dishonestly.
The less you believe in the reality of legends of crypto projects, the higher your real earnings in the market. After all, your thinking is free from the illusions of liars.
The great value of something that costs nothing.
Those who know how to work and are different from the gray masses make money in the market. Naturally, this is not what crypto hamsters are led to believe. The hamster has “believed”, so he buys and holds, hoping for inadequate profits. After all, if there’s no one who buys and doesn’t sell immediately, there’s no profit for the scammers.
Fraudsters take advantage of the temporary lack of punishment from the state. And the more long the legend the crowd believes in, the more true believers hold, and consequently the earnings of the organizers of sects of believers.
The higher the PR and marketing of a project, the larger the army of “believers” in it. The maths is simple, $100,000 was invested in the ISO organization, $1 million was collected from the believing fools. For listing and temporary maintenance of a legend for 1 year will spend 100 thousand. The rest for themselves and for new ISO projects, because the crowd “believes”. Well, when they stop believing, in the meantime there will already be several similar projects at the fresh PR and sales stage to “investors”.
The organisers of a scam ISO don’t want to spend money and time supporting a legend. If they manage to sell a large number of tokens (air), they try to launch as many other ISOs with different legends as possible in a short time. They pay for a listing on a major exchange and “merge”. They are happy to sell their tokens on the market at any price. Even at ground zero. After all, it’s a double profit out of thin air.
The first is the dough collector.
The second is selling the token on the exchange to those who believe in the value of something worthless.
In order to get rid of responsibility and further maintenance of the project, they come up with “bad news”. They are various hacks, hacker attacks, mistakes in smart contracts and so on with any flight of fancy.
The main thing is for the hamster to think:
“Oh well done, they tried, but competitors, regulators or other “babai” prevented them from putting into practice the plan that was supposed to “save the world!”
… To make a crypto believing fool fabulously rich.
They say the best experience is the one gained from the mistakes of others, but the most effective is the experience of one’s own mistakes!
Buying on price highs during the highs of madness!
Sell on the lows during the scare!
And again, buy at price highs to sell at lows!
The motto of the true crypto hamster believer!
On one drawn chart, different people see completely different variants of the outcome of a trading situation based on their knowledge, experience and intelligence.
In situations where the more experienced in an unscripted situation – will get out.
The less experienced will lose.
The most experienced ones will do nothing and wait for the situation to level out in their favour. But this works in a growing market, but in a falling market, what will such faith do? Naturally, it will “kill” the hamster’s deposit.
99% of people do not rely on their opinion, but on the opinion of the “authority”, which in most cases is the same hamster, only with a big mouth. An “authority” can also be a manipulator who will use the “faith of hamsters” for his own selfish purposes.
At the beckoning of the “authority”, inexperienced traders and investors buy the asset always on hawks during a hype, when huge sums of money are paid out for advertising and propaganda. Then it turns out that the purchase was very bad and at the wrong time.
From the pixels of individual person’s thinking, an image of the crowd’s thinking is created. The intelligence in the herd of fools evaporates.
The hype passes, the price of crypto nothing begins to fall in value day by day with the fading faith of those who believe in it. After all, they have been indoctrinated that it has value! So they hold as long as their psyche allows. But, when the balance, for example, instead of $ 1000 remains $50-100 – faith is killed completely. At such moments, the “investor” who was dreaming of a silver bulb says goodbye to the asset at the very bottom of the price, when “faith is killed” finally.
Then, who sold to them on the hawks, buys the crypto nothing at the lowest price points from the “believers” who “killed their faith”. Then the cyclical process repeats again.
Again a new wave of hype, PR, advertising, psychological crush on the crypto hamster.
But, most importantly, the “authority” said:
“This is not nothing! This is what will save the world! This is what you hamster can’t live without!”
The hamster thinks:
“I’m a fool, I sold out. I got tricked, tricked out, and it turned out to be so valuable! There won’t be another chance to buy it that cheap for three times what I sold it for!”
The character once again buys the airborne crypto stuff sold for many times what he sold it for before. His faith fills again. The crypto hamster starts buying up the “that will save the world” crypto stuff again on the hype.
Everything repeats again in a circle.
Buying on the highs! Sell low! And buy again on the hawks! That’s the motto of the true crypto hamster believer!
That’s right, the crowd is always indoctrinated! This applies to all markets, but in the crypto market thanks to a huge number of stupid people and temporary pseudo-regulation this process is more pronounced.
In the “belief indoctrination” phase, you give a certain amount of virtual coins at inflated prices to those who believe. Initially having previously taken that same volume of funnels away from those who used to believe, but their faith died in the “disbelief” phase. Then the process will repeat itself again.
In the market, as a rule, those in the “disbelief” phase say they do not believe in the prospect, in the “belief” phase are very likely to buy, only to give again in the “belief killing” phase. The market is cyclical, the flow of hamsters is cyclical, the mindset of the governed lends itself to cycles.
It’s all psychology and manipulation of people’s thinking. Case in point bitcoin, probably few people were selling at $18,000 – $20,000 near the secondary trend highs in December 2017! After all “up there said” it would be worth $100,000 very soon! Here’s the time passed and at $3,000 – $4,000 to sell for, after all “up there said” it would be worth $500 soon, if not disappear altogether in a couple of months! And the information near the highs of the price was just a joke!