We have witnessed some ridiculous altcoins skyrocketing for no apparent reason. They do not offer any new or better solutions, no wallets etc... literally, there is absolutely no reason why some of them can go sometimes a 1 000 000% up in case of shitcoin called Monacoin for example. Ripple is also one of them.
If you don't know what is happening it's usually about money. How in a free market environment nothing makes sense? We know this already. Who is the whole movement against? No other than the masters of shit juggling; the banksters.
The way they do it is very simple. They target some shitcoin like DFS, which offers literally nothing new, but payments, like many coins, but only for... wait for it... fantasy sport nerds.
Although it does have some use, there is absolutely no reason why it should rise 1500% in 1 day.
Well, believe it or not, here is the reason:
Hedge-funds, banksters and other sociopathic friends dump shit loads of cash on a targeted coin. This is causing the shitcoin to go up in price.
As soon as the ants see the green +% next to a shitcoin, they start buying it, pumping it up to ridiculous levels. The higher it goes the more idiots keep buying into it. Same idiots sign up for pump and dump groups that use the same "wolf of wall street" strategy.
When it reaches the maximum level, banksters and other socially underdeveloped assholes withdraw their millions and leave the ants flabbergasted.
Blockchain is a movement. It has the potential to shift the paradigm and it is doing so.
If you are dumb enough to support the banksters, or you are just a greedy pig with no principles, you are against that change and you deserve to crash with them. I like to think of it as natural selection. Money monkeys need to extinct to make room for evolution.
Watch out shitcoin supporters. Banksters are on their way out. VISA, by blocking their coin cards in Europe, has just started digging their grave. Don't fall in it with them.
There are a lot of tricks out there. Be careful what future you choose to create with your wealth.
So, are you in crypto for gains only, with no interest in how it actually works or do you support freedom and the ideology of greatest wealth transfer from few assholes controlling everything, to each individual that just wants to own their lifes?