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Cryptomarket Letters

Today I am going to write about a very very sensitive topic!

WHAT WENT WRONG IN CRYPTO..

Many people lost good amounts of money. Even I did manage to trade some good trades down the road but I am way still down from where I was

I always consider myself a macro trader rather than a daily in and out trader.

There are two things I am concerned. First one is obviously I lost money from my profit. That is very understandable. I was not in for the Tech but I was supporting the revolution. How can I as a ordinary person, can help in terms of development while only coding I know is dated back to Pascal, Cobol , Fortran. And I do remember nothing about it.

But somethings went terribly wrong!!!

I want to take you a journey,

We will visit each party in the space, and try to understand what do they claim and what do they actually do.

We have first of all, trader type of people in the space. These people have some skills either TA or some kind of other analysis. So of them, including me, could make some buy-sell and decreased the damage . (Although, a shame for me is that, I knew that parabolic advances when broken will give much of their previous gains. I saw it on Nasdaq, I saw in BIST, many many emerging country currency events.) Anyway, there are also people who rushed into the space and don’t know nothing about tech or trading or investing.

We have two type of people popular in the space. One type I call shillers! You know who am I talking about. And there are early adopters who have tech skills. You also know these guys. They have PHd , they are professors , people you would call if you are holding a blockchain conference or event.

And there are also, semi tech guys who are in the space for making money. No blaming though.

What about the ICOs that team McAfee suggested? where are those coins?

And there are people who are actually building things.

And also there are ICO scammers.

It is really hard to have a clear vision before the dust settles and market shows that it had found a bottom. BUT

I do have some things in mind I like to share.

I know the tech side old adopters claim that it is the new comers fault. No , it is not!! IT is also your fault. You didn’t warn these people properly. You had that attitude that “ Yeah I know there are lots of scams out there, and these stupid people are rushing into the space, they are stupid ”. YOu know what? You could have stopped this ICO scam shit that drove the market into crazy prices and in the end governments stepped in. Not to mention the , shillers but we all knew they are just crooks.

Rather than really warning people, or taking action somehow, you could have stopped the ICO madness before it started.

Take a look at this photo

Do you see the anarchy , against government? Do you see a revolution here? Or is it just a bunch of guys fighting over silly things.

Do you really believe these are the guys would set us free??? DO they really look like they would like to set the world free or is it just Ego all over?

Take a look at this one;

So claimed Faketoshi , which supposed to have this revolutionary idea of cash without government, do you think someone like Satoshi would brag about how much he has over some poor country?

Beautiful girls, chasing some Bitcoin rich guy, if they can. People with shorts and bikinis, on a Bitcoin Cash Cruise .!!

Watch this video if you have time

Ok, let’s be more harsh

Does this look like a thought leader or a VC manager. Even if they are VC , they should be the ones to stop ICO bubble to go, they should be the ones to speak with people and try to stop this madness. But no, try to talk or ask something to them on twitter. You are a shit to them, they know everything but they won’t share any good insight.

Is this guys’ priority is blockchain adoption? Really?

I got to give the credit to someone though!

Nice thought, pinned but then human nature gets in time to time

So , the little fella is here to make money and to be disregarded and humiliated and you guys are here for the technological adoption.

I can show thousands of tweets of these “known names”. Talking about prices and manipulation and market trends. Funny ha? It thought we were the little guys just chasing things for money. Actually we don’t own a VC but most of you does!

Well, sorry for being a bit harsh, but the little Joe had no power to stop the ICO madness ,only you could and you didn’t.

The pool parties, bragging about having more money than a country, you should be ashamed of yourselves.

I am sure Satoshi would be.

Why Satoshi would be ashamed , because the anarchy of Bitcoin is dead. Even you , thought leaders, are trying to climb up on the ladder of this broken society. Shame on you! You owe an apology to Satoshi, and also people who have spend their valuable times to build up this revolution, believe in this revolution, like Andreas Antonopoulous!

You have brought, the SEC , the regulators and governments into the space. I mean you didn’t bring but by not acting wisely, you have killed Bitcoin.

One last thing to mention is that, it is obvious that people in the space have surrendered to regulations now. The governments, SEC and every regulatory body is here now. Nothing will be the same from now on.

I don’t know, how many people read what I actually write. But if , somehow you are here , reading this and sharing my anger please share this . I don’t want to be someone but I want some truth to be heard.

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