The "players" behind the scenes, how the dealer will manipulate the market next

特邀专栏作者

2020-01-09 16:39 (UTC+8)

This article is about 1963 words, reading the full article takes about 3 minutes

The crypto market is dominated by the top ten institutional bookmakers and individual bookmakers. They have a large share in the market. It's been too easy to manipulate the market so far

AI Summary

Expand

The crypto market is dominated by the top ten institutional bookmakers and individual bookmakers. They have a large share in the market. It's been too easy to manipulate the market so far

Nonsense

According to a study by the research company Diar, in 2018, more than 55% of the bitcoins in circulation were in the hands of only 1% of the big bankers.

Former Goldman Sachs banker Per Wimmer explained the situation as follows: "The crypto market is dominated by the top ten institutional bookmakers and individual bookmakers. They have a large share of the market. So far, it has been too easy to manipulate the market."

No one knows for sure whether the reason why the mysterious banker with tens of millions of dollars or even hundreds of millions of dollars in his account today is due to good luck or due to his decisive investment methods. A recent study also revealed an attractive side to the cryptocurrency industry. Ethereum Express, a professional platform for thousands of cryptocurrency experts and enthusiasts, recently found that gambling and mining in the cryptocurrency industry will be the most profitable in 2020. According to Ethereum Express, the online gambling market will generate more than $100 billion in revenue by 2025. This information is also backed up by a recent study by Grand View Research that online gambling will bring in $103 billion in revenue within 6 years.

According to the forecast of Brock Pierce, chairman of the Bitcoin Foundation and American entrepreneur, the further development of the blockchain depends to a large extent on the DApp, STO and game industries.

According to a joint study by Grand View Research and Transparency Market Research, the annual revenue of the blockchain market will grow to $20 billion by the end of 2024. Much of this growth will be attributed to the popularity of the gaming industry, as well as new user interaction models.

Obviously, no technology is set in stone. Ordinary players benefit from increased anonymity and transaction speed. The community needs a brand new solution to deliver the global market growth. Therefore, the ideal blockchain industry should have the following properties: 1. Controlled by users (no middleman required), 2. No need to connect traditional payment methods, 3. Provably fair and transparent, 4. Based on smart contracts, 5. is completely safe (most importantly, this is what all respondents indicated).

Observations show that most of Bitcoin is concentrated in the hands of a few people, most of whom are Bitcoin pioneers. As the cryptocurrency industry grows, more bookmakers are likely to leave the market over time amidst mounting economic pressures. At the same time, other people will discover the charm of cryptocurrencies and buy, hold and sell cryptocurrencies, so the distribution of cryptocurrencies will become more even. The cryptocurrency industry faces its most important phase: it must increase user awareness, provide decentralized autonomous solutions to facilitate ordinary people’s interaction with cryptocurrencies, and make them accessible to everyone.

Governments of various countries strictly track and review digital currencies, exchanges regularly delist, and new projects go through a long period of testing before they are launched to the public. So, according to the latest predictions of experts, only 1% of the projects that currently exist will remain on the market:

“I have publicly stated before that I think 99% of cryptocurrencies may go to zero, and 1% of cryptocurrencies are really focused on solving problems for customers and can achieve large-scale applications.”

Ripple CEO Brad Garlinghouse shared his predictions in an interview with Bloomberg. At the same time, many cryptocurrencies are effectively dead. According to data from Coinopsy, 978 projects have disappeared in the past 5 years. The most common reason: 69.3% of startup companies abandon their project and don't care about it. The second biggest reason is that 27.7% of projects that were affected by the bull market rally in 2017 disappeared after raising funds.

However, we cannot say exactly how many crypto projects have been zeroed out. DeadCoins announced 1,818 projects, while CoinMarketCap announced that there were 1,802 projects with zero daily trading volume.

If you want to invest in Bitcoin but haven't found an effective profit method, or you have stockpiled spot but don't know how to use contracts to hedge risks, or you like Nakamoto Curry's humor, welcome to communicate.

Don't worry about having no confidants on the road ahead, but there are friends on the investment road. I am Nakamoto Curry (BTC6668888), and I am willing to stand with you through thick and thin!