Who are the “bookies” and do they have a win rate of over 80%? 🤔🤩🤩🤩
When it comes to “Bookmakers”, many people will immediately think of individuals or organizations that have the ability to control and manipulate a coin or a group of coins in the cryptocurrency market. But have you ever wondered who they really are, and why they have such great influence? Let’s dive in to understand more! 🚀
What is a “bookie”?
Simply put, “Bookmakers” are people or organizations with an extremely large amount of capital, enough to influence and adjust the price of an asset, usually a coin, on the market. They are not small traders but “big guys” who can create big fluctuations in the market. When they focus on a coin, their goal is to attract the attention of investors, causing many people to rush in, thereby pushing the price up.
So, why is “The House” important? 🤷♂️
Without the presence of the “Bookmaker”, the market would become quiet, with transactions being thinned out, and even dead. Small investors would have a hard time creating enough volatility to attract attention, and the value of coins would not be able to change dramatically. The “Bookmaker” is the factor that helps maintain the excitement of the market, creating opportunities for participants to profit from price fluctuations.
So does the “House” have a winning rate of over 80%?
This is a question that many people wonder about! Although it is impossible to confirm an exact number, it can be said that the winning rate of the “House” is very high, if not superior to that of ordinary investors. This is because they have very sophisticated investment strategies, plus the ability to manipulate crowd psychology. When they attract enough investors to a coin, they can adjust the price at will, making their winning rate in these cases often high.
So is the “House” good or bad?
This is a difficult question to answer because everything has two sides. On the one hand, without the “Bookmaker”, the market would lack dynamism and would not be able to attract new investors. “Bookmakers” create volatility and excitement in the market, bringing profit opportunities to many people. However, the downside is that when they manipulate too much, creating price “bubbles”, small investors can easily become the ones who suffer losses when prices suddenly drop sharply.
In short, “The House” can be considered necessary in some situations, but one must also be careful of the negative effects they can create. 😎
So, is the “House” good or bad? It definitely depends on the perspective and strategy of each market participant! But remember one thing: Carefulness and patience are always the keys to avoid being “taken for granted” in this world! 🧢💸
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