Are they really on your side?

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I was scrolling through Twitter and saw this picture of the Trojan horse that sparked my interest. It motivated me to think up a quick post that's more of a question or a worry if you may.

Every day the interest in cryptocurrencies rise and with it comes money. Lots of people you'd expect to be "smart money" billionaires have been diving into the pool and participating like the rest of us.

In a short space of time, the crypto industry has attracted a lot of big wigs and their influence has had a far-reaching effect on the market. In my previous post, I talked about how the market will learn and develop a shock absorber for the meddling of billionaires.

In a pensive state, I pondered about the source of the cover image; a tweet that alluded to an interesting point that we should really be looking at. What if Elon, Saylor and all the Hollywood billionaires diving into the crypto pool aren't really our friends?

I mean let's face it, it's not like they're nice guys in the first place. Most of them are cutthroat businessmen that don't necessarily play by the rules. Are we going to pretend like buying Bitcoin suddenly washes away the fact that they're capitalists that have hoarded resources for themselves?

The entire point of crypto is to give power back to the common man by allowing him to participate in a financial system of his/her choice right? I'm not going to act like I wasn't excited at the prospect of participating in a pond that houses these ultra-powerful men.

However, as the days go by, I sense an intentional plot to take the reins and steer the ship towards their favored destination; their pocket. What if the entire plot is to leave us high and dry? What if this is the ultimate rug pull happening in front of eyes and we're in too deep to even do anything about it?


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What if this is the ultimate rug pull happening in front of eyes and we're in too deep to even do anything about it?

The best sign the market has bottomed.

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(Edited)

They're definitely not on our side just like you're not on their side.

You're lying if you tell people that you're here for something else.

And that's all okay.

But relax, there's no Bitcoin rug pull coming.

At this point no matter who you are, it's 99.9% impossible for any single person/entity to take control of the Bitcoin network.

Bitcoin is not a bullshit stock they can control.

So just like you, institutional money wants to accumulate Bitcoin at the lowest price possible.

The difference however, is that they have pockets deep enough to manipulate the market to achieve this.

Remember, that when we say 'manipulating the market', they're not rug pulling or even doing anything wrong.

They're just using the free market to push the price of BTC down, in order to accumulate on the cheap.

We all want to make money in the long term and for that to happen, the price of BTC needs to go up lol.

I always laugh how small-fries here go on about having diamond hands and all that crap.

But we're normal people with normal expenses to pay.

Nobody has diamond hands, we're here to make money and live comfortably.

But institutions are companies playing with company money that is essentially nothing more than confetti.

Ones and zeros under some fake name.

They don't have expenses in the same way that we do, so in this case the smart money is literally just going to be those with the deepest pockets.

With time and money to play within the short term, they're literally transferring money from the weak to the strong each time they push it down and accumulate.

Don't worry about a rug pull, worry about having enough time to hold and reap the benefits of what the institutions are doing for you.

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Lol well, when you look at it from that angle, there's nothing to worry about and they're just like the rest of us then? If it's just money they're after, diamond hands and smart traders will inevitably benefit in the long run right? 😄

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