Today I must make it clear to those who tell you 'buy XX coin and you can achieve financial freedom,' they are either stupid or malicious! Last week, I received a fan's complaint in the background, who spent half a year's salary trading coins, and ended up with only a small amount left. They thought it was just bad luck, but in fact, from the moment you placed your order, you fell into the carefully designed 'harvesting script' by the speculators!
I am Old K, I have been engaged in crypto market analysis for 8 years, from an early overseas private equity quantitative strategist to an independent blogger. I have seen too many speculators making hundreds of millions by issuing air coins, and I have witnessed countless ordinary people losing everything due to greed. Today, I won't beat around the bush, I will lay bare the entire process of harvesting in virtual currencies in the most straightforward manner, with so much valuable content that you will slap your thighs. I suggest you save it first and then read it, to avoid losing it while scrolling!
Let me pour a bucket of cold water on everyone: what you are trading is not coins, but the manipulators' 'digital shadow puppetry.' Many people think that issuing cryptocurrencies is a high-tech task, but it's actually ridiculously simple— I know a tech guy overseas who, just by using open-source code found online, created his own 'coin' in three days without spending a penny, and finally made millions by harvesting traders. This is not an isolated case; it's the real birth process of 90% of air coins in the crypto world!
Take note! What I'm talking about here is not 'trading coins,' but the harvesting logic of manipulators 'issuing coins'—the former is you betting on luck, while the latter is the manipulators treating you like an ATM. Many people don't understand how the coins in manipulators' hands, which are clearly worthless, can be sold for thousands or even tens of thousands. The core lies in their understanding of all the 'underlying bugs' in trading markets. I will explain this bug in simple terms that even a middle school student can understand!
Whether it's the stock market, futures, or the cryptocurrency market, as long as there are intraday charts, there is this 'loophole': the price we see is actually the latest transaction price, which has no relation to the trading volume at all! For example, if a certain stock (or a certain type of coin) is entirely in the hands of manipulators, and they want to push the price from 10 yuan to 1000 yuan, the cost could be 0!
Do you find this unbelievable? Let me explain in detail: the manipulator first places a sell order for one lot at a price of 1000 yuan, then uses another account to buy it back—this 1000 yuan goes around and ends back in their own pocket, but the latest price in the market skyrockets to 1000 yuan, instantly increasing the market value by 100 times! Do you think this is a myth? The reality of air coin pump-and-dump schemes follows this playbook, only with 'stocks' replaced by 'digital coins.'
What's even harsher is that manipulators also engage in a 'futures harvesting duet.' Many friends trading coins think that leveraging can make them rich quickly, but little do they know that what they are adding is not leverage, but their own 'death warrant'! The essence of futures is forward contracts; manipulators use 'naked short selling' and 'forced liquidation' rules to grind retail investors down: you short, they monopolize the spot market to force you to liquidate (liquidating a short means going long, which actually pushes the price up); you go long, they directly crash the market and cause you to liquidate. Anyway, they have the entire spot market in their hands, so they always win, no matter how they play.
Here I must insert my personal opinion: cryptocurrency is not the 'future of currency' at all; it's just an upgraded version of the traditional financial harvesting scheme, taken to the extreme! In the past, harvesting required physical assets and trading venues, but now it only takes a few servers and a piece of open-source code, without even needing to rent an office. What they sell you is all 'air'; this is not investment, it's a variant of fraud!
The stories about 'delivery workers becoming rich through virtual coins' and 'programmers quitting their jobs to trade coins'—after working in this industry for so many years, I have never seen a real case; they are all just 'fishing scripts' written by manipulators. You think you are bottom-fishing, but in reality, the manipulators are 'poisoning' you; you think a bull market has come, but in reality, the manipulators are preparing to net you. To put it bluntly, among those who trade coins, there might not be even one in ten thousand making a profit; the rest are all just harvested leeks.
Some may ask: Old K, since you understand so well, why don't you become a manipulator yourself? To be honest, when I was doing quantitative strategies in overseas private equity years ago, I saw too many cases of people losing everything due to trading coins, and my conscience wouldn't allow me to continue, so I stepped back to do education. My goal is not to help everyone make money trading coins, but to help everyone recognize the truth of this market and avoid these deadly pitfalls.
Next, I will continue to update the dissection of the underlying schemes in the crypto market, such as 'how the options market becomes the ultimate harvesting tool for manipulators' and 'how to identify the three core signals of air coins.' I will also share my years of summarized pitfall avoidance guide. If you don't want to be harvested anymore and want to understand the true logic of the crypto market, hurry up and follow me, or you might lose track of me next time you scroll!
