AMPLUSD trade ideas
Ampleforth Maintained the $1 Valuation for 90 DaysI was on a livestream recently where someone made the comment "there is no evidence that AMPL can maintain a $1 price point" (not exact quote, but close)
AMPL maintained a $1 price point for 90 days. Why can't it do so again?
Ampleforth - mIssing the pointEveryone is missing the point, because they don't understand how financial market and capital market works.
I am grateful that because my experiences told me that financial market is and has always been rigged and been manipulated by few people and of course I have first hand experiences dealing with people who manipulate the stock market.
There is nothing different in Crypto. In fact, Crypto is MORE susceptible to manipulation since it is NO/LESS regulated.
When I see coin like ampleforth, I don't really care about its 'TOKENOMICS'. I only care about 'MANIPULATIONOMIC'. And this coin is ripe for manipulations, the so called pump and dump cycle.
Just like any other asset or stocks or crypto, I don't see ANY DIFFERENCE between this coin and other coins. Looking at the market cap, we have seen a parabolic rise, followed by a massive correction of about 60% from all time high. That is expected behaviour.
Anyone who bought this coin at the top believing in all the shillers and youtubers, its all your faults. Crypto is full of pump and dump, 60-70% corrections from all time high is normal. That's why I am not bother to give financial advices to normal people. Let them be poor forever if they can't make their own decisions and be responsible with it.
Ampleforth tokenomic does not matter at the moment, it might matter if this thing can go to market cap of Bitcoin or higher. Even Bitcoin is highly manipulated. I highly doubt that. Therefore, this is a fun experiment, but nothing different than other coins. And it is most probably subject to whales manipulation and pump and dump.
If you don't get it, I am feeling sorry for you. You don't understand financial/capital market.
And lastly, don't bother to reach out to me. I will never read any messages or even comments. I don't have time and I don't care.
Regards.
AMPL / BTC CorrelationSimple Correlation Coefficient time series between AMPL/USD and BTC/USD on Bitfinex.
