Thanks for all the good times and happy memories, you Bitcoin Cash folks are the most awesome community I had ever joined. I will be taking a partial break from crypto for a while. I won’t be taking a complete break because I still have commitments to some BCH projects, but I may not be “working” full time in Bitcoin Cash like how I had done the last 2 years.
I just decided today the obsession wasn’t healthy. I had constant dreams and nightmares relating to crypto. I am constantly glued to the phone and neglecting relationships. My mind is seldom present in the moment. And sometimes I got depressed over it when things don't go according to plan.
But I do want to share a story about one of the most memorable crypto moments in my life. It is probably up there when I was featured on the newspaper or when Apple sent their legal team after me, back when I was still a student.
Since I won’t be trading anymore, I don’t mind sharing some of the details. A week ago, I realize there was some weird patterns going on with the bots trading the BSV coin. While I don’t have the access to the bots algorithm, I managed to figure out there is a certain pattern to their buying and selling of BSV. I managed to exploit the bots, whoever are running it, and made around $10k USD within a couple of minutes. As you could see in the screenshot, I bought and sold BSV within seconds of each other, for around 10% to 20% profit each time. I won’t go deep into details here but if we ever meet face to face in the real world, you can ask me and I might tell you.
One can observe how inorganic the bots are doing the buying/selling in the following screenshots.
You can see the huge buy walls preventing the price from going down. And when whoever runs the bot wants the price to go down, all the buy walls are removed instantly and the price drops drastically usually within seconds. In other words, the price is highly manipulated and buying crypto is like gambling, except you’re gambling against the house that can control the results. I’m only using BSV as an example, but I am telling you that the whole crypto space is afflicted with this problem. And I think it is important for me to warn you that investing in crypto short term without fundamentals is like gambling. For that reason, I am done. I have exited all my crypto and taking a partial break from the space. I believe we are in the bull market but I really don’t care anyway. I wish you guys all the best and I am very grateful to you guys and girls for all the great memories. I think I will spend less time on social media (including Reddit) and if you guys want to contact me, you can reach me directly at Eric@1BCH.com or on Telegram @MobTwo
Stay awesome and united, Bitcoin Cash community!
Good luck Eric and come back anytime =)