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RE: Do You Really Know What DYOR Is?
Markets like these get split into Pool A and Pool B speculators where Pool A ultimately profits and Pool B ultimately loses. The entire market is driven on this and Pool A people will rarely share valuable information with Pool B people because that's where their profits come from. We can pretend like there's no secret but if that were true and it's all just guessing then you would see more Pool B speculators pass the threshold into Pool A but Pool B speculators mostly stay in Pool B or exit the market entirely once they have suffered enough losses. The problem is that everyone looks like a genius in a bull market so it takes some time for Pool B to realize their lot and can easily get caught up in a sunk cost fallacy once they do.
At this point, I think I should pay hive for using the plateform. No university degree can tell us what you wrote in simple layman terms. I appreciate your comment.
The irony of some of your statements are poetic to me. I can simplify for you. The post was trying to make it sound like everyone who trades is just guessing and getting lucky or using some form of mysticism to pretend to know it. Like reading your horoscope. This is not true. There are techniques that are successful but the trading culture people see is very lazy. The useful stuff is not very public because people who make money want other people to lose money so they make more money. Does this make more sense?
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Hmmm... so, do you see yourself as Pool A or Pool B? How does the non-tarot-card-requiring pool get its information?
The disturbing part about what you have said is that, basically, it makes Pool A sort of like a Cabal, and no better than big banking, etc.
Information is currency