Here’s a life pro tip for you. It just popped up on my Reddit front page yesterday and I felt like sharing….
Apparently the “academics” originally published this paper the first time last year but it was promptly debunked. It seems that now the authors have added a few details, finally received a peer review, and are ready to release the updated paper shortly.
Let me just say for the record, there is no methodology on the planet that will convince me that this narrative is accurate. The simple matter is that I personally witnessed the 2017 rally, as did many of you, and it wasn’t anything that could possibly have been caused by any single whale.
In those few months, millions of verified retail accounts were opened here at eToro in order to trade crypto and it was the same throughout all exchanges, many of which had to stop accepting new clients because they simply couldn’t keep up. Servers crashed under the weight of the sheer traffic and the attention in the media was overwhelming.
It was a matter of unabashed enthusiasm for tens of millions of people around the world. I’d not seen such mass excitement surrounding an emerging industry since the birth of the internet. Now you want to tell me that the entire rally was the result of a single whale?!
Please note: All data, figures & graphs are valid as of November 4th. All trading carries risk. Only risk capital you can afford to lose.
A new milestone has been reached for the global economy. No, I’m not talking about the new all-time high in the US stock indices, though this is an incredible feat in its own right.