In stark contrast to large investors, the small-time investor is automatically disadvantaged — why?

Simple, lack of information.

Large investors or “whales” as we call them in crypto, get the best deals, they get the inside calls with founders and know what will pump before it pumps.

Due to buying power they can move the markets and the smaller investors are left trying to get scraps of information to trade on.

So smaller traders tried to get an advantage and quickly started what we would call trading clubs.

Back in the 1600s, traders would hang around Amsterdam coffee shops (as they do today, but for different reasons — those imports had not arrived yet!).

At the coffee shops traders would spend time discussing stocks.

Traders developed mini “exchanges” in the coffee shops with brokers that would buy and sell shares and settle at the main exchange later.

What is interesting for us to note is that when these traders combined their resources they actually had more power to move the market than the exchange itself.

As a collective they became powerful influencers.

However, that did not stop manipulators from using these groups to their own advantage often spreading rumours to pump stocks they got on the cheap, or for a fee from large shareholders or the company itself.

The similarities of the old trading world in Amsterdam to what we see in the crypto trading space is amazing.

Today big whales get the lion’s share of new offerings, smaller investors try to get an advantage by joining private groups, often with individuals promoting their own purposes.

Today’s traders, myself included, are drawn to groups, simply because we don’t have any other source of information.

Some take the approach that any information is better then no information, and many have made a good profit by buying the rumour and selling the news.

The same market manipulation that existed in the 17th century therefore continues to this day!

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