Who is making money in the cryptocurrency circle? The following three types of people

1. Smart traders

Most of them are people or teams with unique skills, computer factions. Many traders who make a lot of money in this market are programmers with computer foundation or institutions with a large number of programmers. There are many schools of thought evolved from computer technology, but they are roughly divided into two factions: on-chain and CEX.

2. Pumpers

As the name suggests, they are people who do not participate in the gambling but only pump water or act as intermediaries: those who engage in exchange rebates, open paid communities, and act as information intermediaries. Don't discriminate against them. It is normal for big YouTubers and stackers to have a commission of millions of RMB a month. Top YouTubers like MoonCarl have a commission of tens of millions of US dollars a year. In addition, computer knowledge in this field is also very useful. There are some professional SEO technical teams that specialize in keywords in this area. Sometimes when you search for the name of an exchange on a search engine, the first search result you click on is their invitation link. It is normal for such top SEO teams to make hundreds of millions of yuan a month in a bull market.

3. Rule Breakers

Also known as market manipulators, they are the dealers in the secondary market. They will accumulate a large number of spot chips of small-cap altcoins in advance, and then start the market to increase by more than 10 times, and then slowly twap shipments after retail investors buy in through fomo. Retail investors will see "Wow, this coin has fallen by 50%, I want to buy the bottom", but in fact, even if it falls by 50%, market manipulators still make money.

Why can market manipulators be unscrupulous? Because many non-European and American countries treat cryptocurrencies as commodities, and there is no concept of "market manipulation" in the legislation of many countries for this category of commodities. Just like if you hoard Rolex watches and sneakers in China and sell them at a high price, no one will care. Similarly, no one will care if you speculate on the price of coins and then ship them out!