The Villagers πŸ‘¨πŸΌβ€πŸŒΎπŸ§‘πŸΎβ€πŸŒΎ πŸ‘¨πŸΌβ€πŸŒΎ and The Monkeys πŸ’πŸ’πŸ’

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; “Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.”

The villagers rounded up with all their savings and bought all the monkeys.

They never saw the man nor his assistant, only monkeys everywhere!

Now you have a better understanding of how the cryptocurrency market works.

Thoughts? πŸ’‘

What do you think?

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One Comment

  1. Cool story.

    Now understand the difference between a centralized and a decentralized market, how distribution of wallets work and you might figure it out on your own.

    If not, it’s cool too. 95% of all investors miss out on great opportunities when they arise, because they fail to see the chances. That’s what investing is… If everyone got it right away, no one would make any money, right?

    So I am looking forward to selling you my coins at a premium, whenever you’re ready to accept that the future is crypto and that doge is not a meme.

MLB All Star game and the Stock Market.

the reason why r/cryptocurrency is the worst place to get advice from