Solve the Mystery of the Price and Escape - Cryptoeconomy The Alien Investor's View

in #steem7 years ago

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Solve the mystery of the price and escape...

What will be the price of BTC tomorrow? What about the price of steem? Ethereum will fly to the stratosphere? Litecoin is ready to go to the moon, is it really? More than 5000 coins go up and down every single moment and we are in front of the screen for catching the right moment, for selling or buying at the right price, and for a lot of people for losing their money eventually... just because the mystery of the price wasn't solved. Is it true? Well, yes, it's partially true, the price mystery is not easy to solve for the majority of retailers and aspiring traders. Is there any strategy or tactic able to provide some accurate signs of potential changes in the prices short-term? Let's be honest, let's talk true. There is no strategy, no tactics, there is no way to predict or even to trace a potential change in prices within the cryptoeconomy environment. However, it is possible to trade successfully following some rules that you put and concerns your own way to see things and the evolution of coins you choose to trade. It is very important to know everything about the coins you decide to trade. Their technology, their chain, their purposes, their use, their utility, their 24h volume, all these details count! It is also important to fix your desired prices and once your coin is reaching the level you want, you sell/buy it immediately. Trading is based on decisions, and decisions are taken after a personal analysis, it is very important to define our evaluations based on our very personal criteria. Nevertheless, there is one more important factor. In fact, psychology is the most important factor in the decision-making process. The best traders are cool-blood entities or smart robots (artificial intelligence) which are not trading cryptos but Average psychological conjuncture. Yes, this is the most hidden aspect of the cryptoeconomy, the psychological value of each coin. Best traders became the best not because they were masters of economics, experts in blockchain matters or super developers, they became the best because they traded the psychologic values of the coins mainly. Cryptoeconomy is a pure abstract market, there is no real initial asset, there is the ability to create an asset and distributing its generated value or (mostly) being the carrier of an existing value or asset. This reality stands sideway of the traditional economy and is obviously a potential threat as it can change the fundamentals of human societies. By the other hand, the traditional economy needs a radical update. It is urgent, global bankruptcy is not a fiction but an imminent disaster, and it's now or never to take the right decisions about how to integrate the cryptoeconomy in the traditional economy's networks (global banking system) for starting the global economic update. People in charge of these delicate missions are also traders (sometimes) and they know, above all, how to sell and buy the collective mood, psychology of the masses, shaped mindset, etc. Hence, prices are not exactly the showcase of coin's value, prices are rather a mirror of the psychological impact of any given coin within the cryptomarket. For example, Bitcoin is the king while it is not the best coin technically, there are no dapps (as I know so far), it's too slow compared to other coins, etc. Despite these faults, Bitcoin is the king because of its psychological impact on users and potential investors. Trust is the word and long-term reliability is the proof of a good psychological value for Bitcoin.

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Buy psychology and sell disaster, and (or) buy disaster and sell psychology. It is hard work and harder is to study the psychologic value of a coin when it comes to sell or buy the disaster option. In this last case, the decision could be entirely based on the psychological parameters plus a good dose of intuition.

Today's overview of the market shows clearly where investors will move in the coming hours. Trust in Bitcoin is a given, and it remains to be seen which currencies will be able to stand at the next wave in the market ocean.
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Most small investors will benefit from the wave to sell what they trust less to buy what they trust more. Many will also be in a hurry to redeem coins that are "bothering" or have simply lost their trust in them. This is a simple conclusion from observing market movements and is the result of collective human reflexes that are not easily influenced by cold logic or distant analysis. This fact, due to human nature comes in conflict with the fuzzy logic used by artificial intelligence within the market. Hence the high degree of difficulty on forecasting or controlling volatility. Despite the undoubted power of big investors (key owners), the fact is that weak coins and what we call "shitcoins" will be severely affected for now on. Neural network technologies will expand their use (and knowledge) and next months human influence on the market will decrease significantly. It is the reason for the recent stabilization of the Bitcoin price around the psychological milestone of 10000 dollars. As institutional money is already invested, and its part in the market grows constantly, it is an urgent task for the big institutional investors to eliminate what they consider as a threat to the trust they want to build. This task must be accomplished before the end of the year 2019 if they want to gain trust and be more appealing once the main "competitor" Libra will be launched officially... The psychological impact of this event could be significant for the future of private institutional digital currencies. Thus, the market must be purged of, every coin must prove its real value in the market arena, the landscape must be as "clear" for them as it is in the real economy... yes, this sounds ironic but it is the reality shaped this period. Bankers are investing in cryptos, the same people who blamed Bitcoin... Now they need to reestablish their status without showing signs of an eventual capitulation. The best way is to try to stabilize the market and take advantage of the human vs AI conflict for subtly controlling a generous part of altcoins under pressure. That means something like buying at a given moment "shares" (weak coins, shitcoins, useless coins, etc) very cheap in order to pump some of them (the best shitcoins at the selected moment) when the time comes and having a word to say when it comes to the market price index... This is the real threat for the real cryptocurrencies and the real blockchain evolution. Financial institutions are selling Trust right now, is it for buying disaster later?

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And, a few words about Steem. STEEM. The best cryptocurrency so far, condemned to death for unknown reasons or for lack of the right economic planning and (or) policy. It's up to you to choose the reasons for the undervaluation of the best cryptocurrency within the whole cryptoeconomy. Is it also a matter of Trust? Certainly, in my humble opinion, there is a correlation leading to the constant pressure on the steem price, trust and price is a sacred couple, every economic system must take into consideration this component of success. You see, when, for example, Bitcoin climbs up to the hill, Steem is slipping down to the mud... Hopefully, when Bitcoin falls a bit, Steem is up and glorious again! This because Bitcoin or ETH or some other crypto is more trusted for keeping value and generating gains. Hence, when Bitcoin jumps Steem is sold for some more fragments of Bitcoin or some altcoin, and retailers are sure that they can buy back more Steem when its price is pushed down. Speculation, internal debt (huge), lack of right marketing, lack of solid economic policy based on Trust, uncertain environment where basic rules and functions are changing brutally, the imminent hard fork which destabilized already the whole psychology of the community and created a wave of scepticism and a stepping back trend, all these are tiny reasons composing the great pressure and feeding this trend. Many of the few valuable content creators were affected by these realities concerning Steem and Steemit and the whole concept. This coming Hard fork is a very risky business, and it is scheduled to take place at the most critical period for the Cryptoeconomy. It should be wiser to postpone this hardfork for the next August (2020). Steem needs to be powered and be able to stand strong the turbulences that are coming faster than a tsunami. This Hard Fork will weaken the structure of the currency generating more negative value and shaping a very centralized pattern of governance where the "poor" is there only for sustaining the prosperity (if there is) of the "rich" in exchange of some pennies received after curation (of a whale's post). This is a pure reality extracted after analysis, according to what it is announced so far. I might be completely wrong, I really hope that these are Alien stupidities, but I'm afraid that... Well, no, no more sad predictions! Let's talk following the optimistic path.

Steem is the most reliable system of payment worldwide.

Any objection? No? Ok, that's cool!!! And, my friend you'll surely ask me about the next support level and resistance position of Steem, isn't? Well, you know how things work in the cryptoeconomy, there is no way to predict with accuracy the next movement of cryptocurrencies but it's rather easy to understand when you are about to dive into the dark abyss, and when you are about to be launched, staring the full moon! How? simple! when you are going down suddenly and fast and furious, you feel something like fear or better saying panic. Then you sell like a fool and the day after you feel that you lost something as the price goes up again...Then you try to rebuy but it is too late, you lost, that's all... Because to become a successful speculator you need to take a distance from what you trade. It doesn't matter for you if Steem collapses or not, what matters for you is to not be trapped in some irreversible downtrend that usually leads to a long-term bearish period. Thus, Steem might collapse completely next days (very probable) but this is not forever of course... Simply try to not be among the collateral casualties... My estimation of the Steem coin price next days? Well, I think the most probable evolution will bring Steem to an average of 0.18 $usd low, and 0.23 - 0.24 high. And, of course, as you already know, I'm not a financial advisor, I'm not an economist, I'm not an expert, and what you read is personal thoughts and evaluations of a poor exiled hybrid Alien biological intelligent entity! Hence, do your own research and don't follow blindly the mainstream...

Thank you for visiting the @imealien blog!

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By @imealien © 2019-2020 All Rights Reserved

The photo was taken by @imealien in Athens downtown - Summer 2019

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