An interesting story about monkeys (No Poo involved)
 

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each...

The villagers, seeing that there were many monkeys around, went out to the forest and started catching them.

The man bought thousands at $10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.

In the absence of the man, the assistant told the villagers; "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up with all their savings and bought all the monkeys.

They never saw the man nor his assistant again, only monkeys everywhere!































Now you have a better understanding of how the cryptocurrency market works.



DISCLAIMER : I C/Pd this from Reddit, but I thought it worth a repoost... :2 cents:

Brilliant demystification, thank you.

Spot on!

not really...crypto will gain in value in a few years again and then dump again etc...the story is a good analogy in a short time frame but long term those monkeys will gain in value one day again...

I likey-likey

When it comes to this sort of speculation I'm more of like the Buddha that peacefully contemplates a dancing monkey in his hand . . .

life is like a bunch of monkeys climbing around in a tree. the monkeys looking down see a bunch of smiling faces. the monkeys looking up see a bunch of assholes.

:1orglaugh :1orglaugh . . .

Sad to report, despite spending an entire day in the freezing cold and rain, walking up and down my street, I couldn't see a single monkey... :(

I did catch a black and white cat though, however an old lady told me off and threatened to call the police...

Disappointing... :(