Lesson from stories/parables.

In the olden times the elders told stories and parables to teach the younger ones life lessons. I read this a while ago and I will repeat it here but forgive me if you've seen it and I don't tell it the same:-

A man goes into a forest where there is 3 villages. he gets the villagers together and says "for every monkey you can bring me I'll give you $5 each". The villagers scoured the forest and came back with 1000 monkeys, so the man paid them $5000. The next week the man said "for every monkey that you bring me I'll pay you $10". Again the villagers went out and brought back 500 monkeys. The man paid them $5000.
The next week, the man knowing that there were very few monkeys left to catch said "for every monkey you bring me I'll pay you $50". The man then left for the city leaving his second in command. When he had gone the second gathered the villagers and said "now the mans gone you can all make an easy profit, I'll sell you the monkeys in the cage for $40 each and when the man comes back you'll all make easy money". The villagers gathered and agreed so they paid the man $60,000 for 1500 monkeys. The man went away and neither man was seen again.

The point of the lesson:- That's how crypto-currency works.

a reply to: crayzeed

I don't get it.


Ignore me. I'm having a gallbladder attack or something.

a reply to: crayzeed

No, you just described capitalism with supply and demand.

Every other market where money or goods are involved, works like this. It's the greed of the people at fault in combination with not using their mental capabilities to the fullest.

I fell for Shiba Inu and I have no one to blame other than myself and the quick buck I saw. It's about time people start taking responsibility for their own actions and not cry out.

originally posted by: TDDAgain
a reply to: crayzeed

No, you just described capitalism with supply and demand.

Every other market where money or goods are involved, works like this. It's the greed of the people at fault in combination with not using their mental capabilities to the fullest.

I fell for Shiba Inu and I have no one to blame other than myself and the quick buck I saw. It's about time people start taking responsibility for their own actions and not cry out.

More like 3-card monte, not so much capitalism.
Pure, real capitalism without government and corruption involved, is defined by creating great products and services that millions will want and buy.
Value for value at scale.
Sure there are some small scale dynamics like supply and demand. And when the product better than yours comes out.
Products that never get replaced are interesting; Nike, McDonalds, Walmart, etc.

a reply to: stevieray

Stock market behaves exactly the same.

Products that never get replaced are interesting; Nike, McDonalds, Walmart, etc.

Or they just live from their legacy. No one that enjoys food goes to McDonalds because they know the food is of good quality. Nike is the same, it's less sports wear than casual wear now. More image than quality.

Besides that, let's not move the goal post from financial markets to fast food, sports wear and walmart.

originally posted by: TDDAgain
a reply to: stevieray

Stock market behaves exactly the same.

Products that never get replaced are interesting; Nike, McDonalds, Walmart, etc.

Or they just live from their legacy. No one that enjoys food goes to McDonalds because they know the food is of good quality. Nike is the same, it's less sports wear than casual wear now. More image than quality.

Besides that, let's not move the goal post from financial markets to fast food, sports wear and walmart.

Stock market is supposed to reflect the operations and growth of whatever companies are listed and available on it. Again, thoroughly corrupted now, turning it into more of a casino, one that’s totally controlled by relatively few big rollers.
The things I mentioned were totally unrelated to the OP, just a random aside. Paranoid much ?

a reply to: stevieray

Stock market is supposed to reflect the operations and growth of whatever companies are listed and available on it.

Yeah, supposed. Not once in history a company was overvalued, undervalued or just flat out criminally shorted.

Lol why paranoid? You're rather paranoid and irrationally strong against something you don't seem to grasp completely.

Please explain why I am paranoid