Machiavelli isn't just about being sneaky. It's more like a psychological pit that we all get caught up in!
This concept is totally relevant in the BTC world as a currency, and it also applies to how relationships form within the network and the broader ecosystem.
Take a moment to consider this: whales sometimes create fake FUD to push prices down. They make the smaller players freak out and sell off, while the big players keep their real buy orders hidden. It’s a common tactic, and honestly, it’s just classic Machiavellian strategy at work.
So, when it comes to economics and all the ways we interact as humans, this stuff is crucial to understand!
For me, knowing Machiavelli is definitely essential!
The modern day Bitcoin price is influenced by geopolitical tensions and bad news coming from the financial markets. The days, when the crypto whales could "engineer" fake FUD and crash the BTC price are pretty much gone. Can you show us any proof that the recent Bitcoin price crash was caused by fake FUD, which was engineered by a bunch of crypto whales? Did you panic sell? Can big crypto purchases be hidden?
Machiavelli is a political philosopher. His teachings have nothing to do with macroeconomics, financial markets and crypto. Machiavellian theory is about how to gather and keep political power in the late Medieval society.
Dismissing Machiavelli as only for the Middle Ages ignores that the core of his work is the study of asymmetric power dynamics, which is precisely what drives modern markets.
Should this be the reason why there is a saying that "sellers makes the holders be rich" something similar to this quote. CZ mostly talked about this quote many times and emphasizes on holding strongly. Is that the effect of the Machiavellian strategy too.
If this is occuring in digital market, then in reality, we are experiencing similar strategy without knowing. Where the big whales are benefiting off our efforts. Who knows.
This psychological intuition can only be effectively proven and profitable in the economic independence economy systems were other investors does not really require others to invest in same market except everyone is coming directly to you to invest.
Then you can apply a deceitful strategy to explore through according to how you have dynamically setup the strategy to achieve your goal.
In Bitcoin that is unreliable because it is a Digitalized, Decentralized and Border less financial asset that gives accessibility to as many willing investors globally and market price is basically driving by Speculations, Political News, Macroeconomic News and Hypes.
All are situated events are uncertainty of which really that influences the Bitcoin price at a certain way and timeframe.
Note that that you are on your own when applying this Machiavelli theory in a Decentralized market like this because as you are manipulating with your strategy, so is the others too at their end while the whalers are not interacting with each other.
However, Bitcoin market is psychologically embedded.
Nice game of 4D chess in a casino where the house is code, not people. True edge in a decentralized market isn't manipulation it's having the discipline to stay solvent while everyone else is getting liquidated by their own ego.
Could say this about lots of parts of the economy. Dont let them force you, do not ever use leverage with Bitcoin. Dont borrow money, dont let them panic you out of what is a volatile asset.
Bitcoin at 61k is not a fear event, that's well into gravity defying doing just fine. Dont hold every penny in BTC, always pay your bills and have enough ready for the future because price will fall in fear like times and you will be tested; its just a normal outcome more then extreme tactics by any organized force.
Precisely. True "Machiavellian" control isn't in the charts it's in your discipline.
Simply hold what you can afford to lose and ignore the noise. You control your exit, not them.
I remember reading Machiavelli in college, The Prince in particular. I thought it was just another reading in philosophy. I realized it was more of a reading in history. It seems you can't agree or disagree with him if you don't have sufficient knowledge on the context, of the so many personalities he mentioned as examples.
Anyway, the bottom line is always the individual hodler. Whales can't actually "force" retail investors to sell. At most, they can only attempt to cause them to panic. Whether they're successful or not ultimately depends on each one of us.
I think Machiavelli's biggest lesson is understanding human behavior. There may be fake FUD in the BTC market but ultimately people make the decision to panic sell. So being able to manage psychology is perhaps the most important skill. In the market human reactions often move prices more than information. Those who can control their emotions and see the big picture are usually less likely to fall into the trap of short term noise. Ultimately whether it is BTC or any other asset decision making discipline is the biggest advantage.
The finance world is not above that kind of behavior.
When there is a dollar to be made they make those. Nowadays Blackrock, among other institutional owners, play the whale enrichment scheme
I don't recognize this as Machiavellian, what particular piece of work are you comparing that against? Or do you just mean using underhanded tactics and deceit in general? These sorts of strategies are not unique to him and you could extrapolate similar tactics from strategists like Sun Tzu's (art of war) and most likely find similar teaches way earlier than that. Anyone that is into trading, which is effectively what you are describing, will have to learn to conquer their emotions along with understanding the ebbs and flows of the asset they hold. Many people swing from one idea to another yet always manage to buy near the peak and the cash out when the news is looking bad, which they do when they never really had faith or research in the asset they were buying. This has happened all throughout human history and will go on for a very long time in future.
Lol...Have you actually read any piece by him?
Now, let me tell you something, there are always two things: theory and practice!
In our case, fantasy and reality!
Kiyosaki wrote a great book, the book sold in millions, in real life Kiyosaki went bankrupt and is getting sued for being an actual fraud!
Machiavelli wrote "The Prince", all about being ruthless and cunning, in reality, he got removed from his positions, imprisoned, tortured, and exiled!
There is real life, and fantasy, stop living in the latter!