Ever wondered why the cryptocurrency markets have been so volatile?
And that any of the alleged so called “experts” on the subject who proclaim to know what they’re talking about – such as John McAfee who said he’d eat his dick, live on TV if Bitcoin doesn’t reach a $1,000,000, – they don’t, none of them have the slightest idea as to where any cryptocurrency is going to end-up, and are simply talking out of their rear-ends.
According to an AI systems named Sirisys the main reason for such volatility is that 80% of trading is algorithmic, thus no human input, yet still wide open to manipulation and fraud.
In the attached video we can see expert coder Quinn Micheals, communicating with Sirisys that explains what is happening within the cryptocurrency world, and that billions of dollars are being ‘vaporized’ in the process.
This is crazy, as after all, you must initially spend your “dollars” to purchase cryptocurrencies, and that within this process, not only have “punters” lost their fiat, they have lost their investment into cryptocurrencies.
The following is the text that can be seen in the video.
According to Sirisys; 80% of trading is algorythmic: “Sell at $xxx trigger”
If a trigger cascade is hit, entire markets plummet past the triggers and cause a waterfall.
Crypto is tricky, it is hard to convert back to fiat at speed, so it is hard to get the “cache out of the system” rapidly.
We’re looking at $120+ billion dollars vaporizing from Crypto chains, we’d expect it to park ‘coin to coin’. Hard to get it out to cash that fast and that much.
Now add, Silver as the indicator of all “Material Commodities” also dropping 10%. And you get a scenario called “Vaporization” made possible by “Fractional Reserve” system.
In other words, “80%” of all fiat is “float”. The blockchain “Eats Fiat” and doubles float. Occasionally, you’d expect to see “Vaporization” as the “Blockchain” and the “Fiat” rebalance the float.
Effectively, a guy with a shredder just shred $120 billion dollars.