The market for fools was however dwindling down, due to the combination of regulators actions, especially in the United States, and the bad reputation which started to stick to anything labeled “ICO” amongst the general public.
Then another miracle came up for our “Wolves of Kaliningrad”.
While the whole market of exchange (i.e post ICO operations) was dominated by a few players, the leader (Binance) being Chinese, a small European nation they knew very well suddenly decided to become a worldwide leader in the cryptocurrencies market : Estonia.
And what did Estonians do ? They just allowed everyone with a pulse and a clean criminal record to get a specific financial license allowing to trade cryptocurrencies.
Now, the “shitcoins”, the zombie altcoins having lost 99% of their value after the ICO, could have a second life.
They could be introduced on “regulated exchanges” controlled by the exact same little circle of colluding people who were already behind the ICO, which would allow all sorts of pump and dump schemes.
Derivatives, and all the array of the forex tools could be created based upon these assets.
This was pure kitchen forex, at last….Just replace EUR / USD by the pair shitcoin1 / shitcoin2 and you are in for a fantastic ride.
Then another miracle came up for our “Wolves of Kaliningrad”.
While the whole market of exchange (i.e post ICO operations) was dominated by a few players, the leader (Binance) being Chinese, a small European nation they knew very well suddenly decided to become a worldwide leader in the cryptocurrencies market : Estonia.
And what did Estonians do ? They just allowed everyone with a pulse and a clean criminal record to get a specific financial license allowing to trade cryptocurrencies.
Now, the “shitcoins”, the zombie altcoins having lost 99% of their value after the ICO, could have a second life.
They could be introduced on “regulated exchanges” controlled by the exact same little circle of colluding people who were already behind the ICO, which would allow all sorts of pump and dump schemes.
Derivatives, and all the array of the forex tools could be created based upon these assets.
This was pure kitchen forex, at last….Just replace EUR / USD by the pair shitcoin1 / shitcoin2 and you are in for a fantastic ride.
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