Cryptos are a market disruption and the banks hate it. We working stiffs have no idea what is happening to our Cryptos. The deep state is controlled by big banks and central banks. A mentor once told me to look at the bank buildings full of brass and glass and you will quickly see where the money is. They take our deposits, savings and checking, then leverage it God only knows how many times. They loan the money back to us and charge us interest. Few of us know that the average first mortgage only lasts for 6 years before it starts over. The home will be sold, re-financed, destroyed by natural disasters etc. Now go and look at your amortization schedule, you will notice that for the first several years, most of your payment goes straight to the banks bottom line in interest. Think of the commercials on TV trying to get you to re-finance. Its the same story with your car payment. I tried to get a cash discount on my car and the salesman laughed at me, he said "We make more on the financing than the actual car".
While we are talking about China, the banks are taking advantage of the crypto investor. They know exactly the percentage of novice investors we have. They know how to exercise our stop losses until they break our spirit. As soon as you get back in your positions they do it again. The entire volume on crypto probably is a smaller number than a couple of these banks do before lunch time. Some of us are doing pretty well buying and selling cryptos, believe me, Goldman Sachs, J P Morgan would call what we are making pocket change.
We have to get smart if we are going to survive the wrath. The government is against us. The central banks are fighting us. The commercial banks will go to the end of the line to save their a$$. Every lawyer sees the block-chain cleaning his clock in a few years as contracts, wills, etc. will be on the block-chain. My point is, we better talk to some of the old investors ABOUT AN OFFENSE. I have made up my mind to take some positions with some good Alt Coins and let them do their thing while I slowly move forward.
I do not pretend to have an exclusive on brains and I am asking for advice. We need a plan.
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