aphexmean

This is not going to end well

Short
aphexmean Updated   
BITFINEX:ETCUSD   Ethereum Classic
Ask any "crypto trader" what he thinks of the following:

The "crypto trader" (CT) gives 97$ to an underwriter (UT). The UT then will pay back $3 every year and the 10th year he will give back the CT a whole $103.

He will probably make fun of you. He will probably think you are either crazy or very stupid. Guess what. Smart people do this all the time and make a killing out of it. These are the people who actually make the world revolve around the sun.

Kids will hurt themselves a lot by "investing" in this crap called Ethereum Classic and many other cryptos-ICOs-fuckwhat. The only legit cryptos that will PROBABLY make it in the future are Bitcoin and Ethereum. Don't fool youself watching crappy stuff going from $0.10 to $10 thinking you could have made x100. Chasing the jackpot will leave shirtless.

Trade responsibly
Comment:
Timing is not an issue, I am not personally trading this.
You see, this stuff is manipulated so much you cannot possibly conceive. A hundred thousand dollars on Kraken.com can make the whole ETCUSD market swing at will.
In an efficient market shit stuff go down. How many DApps are on ETC? How many users? I can guess more than 50% of ETC transactions are miner transactions between them.

Don't get fooled by the x100 returns.
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