/biz/ - Business & Finance

What a lot of people have been missing here about the EOS pump is that most of the volume is coming and has has been coming for weeks already from Asian exchanges.

I have talked to some Asian crypto enthusiasts and I sensed that while they did certainly understand the basics of Bitcoin and blockchains, most info about altcoins was pure hype/rumours from their own forums. While they do speak some English, they never visit English sites and do miss out on a lot of critical info both on the technical side and also about recent developments. They just don't have the ability to do their own research. Someone from the forum does try to scan English crypto news sources from time to time and translate it to Korean/Japanese/Chinese, but this info is just a fraction of what we can get. This creates an echo chamber.

It is much easier to create biased hype in the Asian crypto forums. Asians are just investing a lot more blindly than us and there is not much they can do about it. The EOS pump does have the chance to easily reverse, when the narrative on the Asian forums switches to some other coin. I am saying that, whatever news you hear about EOS, whatever is the result of you doing your own research on EOS, it might not matter as the EOS price is dictated on the Asians and the result of their echo chamber.