【Dream Encounters · 8】I handed my account to Marx, and he saw through the crypto market makers’ real “unequal game”?
In earlier episodes, I invited Buddha, Laozi, a master of the dark arts, Socrates, Newton, Einstein, and Darwin. Darwin helped me see the underlying genes, but I still couldn’t figure out why I kept getting rekt. Late last night, I finally took the plunge and brought old Marx—the man who wrote *Capital*—over to my computer.
I pushed my account toward him and said with a sigh, “Comrade Marx! These market makers dump the price and pump it every day. What is the true nature of capital? How do they always win?!”
Marx stroked his great beard and studied the chart before calmly saying, “The nature of capital is simple: it’s about ‘making money generate more money’! And capital’s most powerful tool in the market is creating an ‘unequal game’!”
Then he pointed at the candlestick chart and posed a soul-crushing question: “When you press the buy button, have you ever wondered who’s selling to you? You’re buying on the secondary market with your hard-earned money, while project teams and market makers got their tokens on the primary market at almost no cost—or even ‘for free’! Whatever price they sell them to you for, they’re making a fortune!”
I drew in a sharp breath. Marx then pointed at the funds in my position: “It’s not just the tokens that are unequal—the scale of your funds is unequal too! Market makers have practically ‘unlimited’ capital. They can pump the price to lure buyers in, or dump it to shake people out whenever they want. You only have ‘limited’ capital, and one little wick can liquidate you down to zero. You think you’re trading with them on equal terms, but from the very start, you’ve been seated at a tilted poker table!”
“Understand the rules of this game: don’t use your limited capital to gamble against capital’s unlimited supply of tokens.”
…
I woke up, looked at the chart, and slapped my thigh. Marx had explained the “imbalance between tokens and capital” crystal clear—but the moment I saw a new coin launch and start pumping, I still rushed in and became exit liquidity for the project team, who got their tokens for free!
Sure enough, Marx revealed the truth about the imbalance, but he couldn’t cure my gambler’s delusion that I could win at a tilted table.
【Retail Investor Support Series】
Next time, let’s see if we can invite Adam Smith to use his “invisible hand” to cure our itchy trigger fingers!
These are personal thoughts and do not constitute investment advice. DYOR.
$BTC $ETH$SOL
In earlier episodes, I invited Buddha, Laozi, a master of the dark arts, Socrates, Newton, Einstein, and Darwin. Darwin helped me see the underlying genes, but I still couldn’t figure out why I kept getting rekt. Late last night, I finally took the plunge and brought old Marx—the man who wrote *Capital*—over to my computer.
I pushed my account toward him and said with a sigh, “Comrade Marx! These market makers dump the price and pump it every day. What is the true nature of capital? How do they always win?!”
Marx stroked his great beard and studied the chart before calmly saying, “The nature of capital is simple: it’s about ‘making money generate more money’! And capital’s most powerful tool in the market is creating an ‘unequal game’!”
Then he pointed at the candlestick chart and posed a soul-crushing question: “When you press the buy button, have you ever wondered who’s selling to you? You’re buying on the secondary market with your hard-earned money, while project teams and market makers got their tokens on the primary market at almost no cost—or even ‘for free’! Whatever price they sell them to you for, they’re making a fortune!”
I drew in a sharp breath. Marx then pointed at the funds in my position: “It’s not just the tokens that are unequal—the scale of your funds is unequal too! Market makers have practically ‘unlimited’ capital. They can pump the price to lure buyers in, or dump it to shake people out whenever they want. You only have ‘limited’ capital, and one little wick can liquidate you down to zero. You think you’re trading with them on equal terms, but from the very start, you’ve been seated at a tilted poker table!”
“Understand the rules of this game: don’t use your limited capital to gamble against capital’s unlimited supply of tokens.”
…
I woke up, looked at the chart, and slapped my thigh. Marx had explained the “imbalance between tokens and capital” crystal clear—but the moment I saw a new coin launch and start pumping, I still rushed in and became exit liquidity for the project team, who got their tokens for free!
Sure enough, Marx revealed the truth about the imbalance, but he couldn’t cure my gambler’s delusion that I could win at a tilted table.
【Retail Investor Support Series】
Next time, let’s see if we can invite Adam Smith to use his “invisible hand” to cure our itchy trigger fingers!
These are personal thoughts and do not constitute investment advice. DYOR.
$BTC $ETH$SOL
