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While I'm not part of any, I have heard from members of the existence of underground slack and FB groups of fairly sophisticated investors and early adopters (o
by probe 9y ago
While I'm not part of any, I have heard from members of the existence of underground slack and FB groups of fairly sophisticated investors and early adopters (obv now all closed to public).
Some money is also from investors escaping currency devaluations or restrictions (ex. China). I've heard of quant traders who are porting public equity algos to crypto. Naval R. Also Said on a recent podcast that some cryptocurrency traders meet in person to do trades too.
Would be interested in hearing what other things people have heard (or can confirm). I have a feeling some big whales(or syndicates) are participating in market making bc of the small caps of some of these coins, and that may cause a lot of boom-busts. Regardless, I'm still really bullish on crypto/blockchain as a whole though!