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this is how it works: whales with huge amounts to invest simply collude to buy everything in size. they add, add, add, add to their positions. This draws in
by formvoltron 3y ago
this is how it works:
whales with huge amounts to invest simply collude to buy everything in size. they add, add, add, add to their positions.
This draws in everyone else. index funds automatically, and hedge funds that need to "outperform" the indexes.
Then the whales sell.
On the average they make money with this methodology.
- formvoltron 3y agoi find hacker news to be funny these days. What I wrote is the actual truth of the matter. And yet it gets downvoted. I suppose because people would rather believe something else. oh well!