As soon as upon a time in a village, a person appeared and introduced to the villagers that he would purchase monkeys for $10 every..
The villagers, seeing that there have been many monkeys round, went out to the forest and began catching them.
The person purchased hundreds at $10 and as provide began to decrease, the villagers stopped their effort.
He additional introduced that he would now purchase at $20. This renewed the efforts of the villagers they usually began catching monkeys once more.
Quickly the provision diminished even additional and folks began going again to their farms.
The supply elevated to $25 every and the provision of monkeys grew to become so little that it was an effort to even see a monkey, not to mention catch it!
The person now introduced that he would purchase monkeys at $50! Nevertheless, since he needed to go to the town on some enterprise, his assistant would now purchase on behalf of him.
Within the absence of the person, the assistant instructed the villagers; “Take a look at all these monkeys within the massive cage that the person has collected.
I’ll promote them to you at $35 and when the person returns from the town, you possibly can promote them to him for $50 every.”
The villagers rounded up with all their financial savings and purchased all of the monkeys.
They by no means noticed the person nor his assistant, solely monkeys all over the place!
Now you’ve got a greater understanding of how the cryptocurrency market works.