Markets: participants or makers?

Markets are not just arrangements of buyers and sellers connected by price.

Markets are also intersections with cultural elements. Market participants are almost always differentiated from market makers by their ignorance of these cultural elements.

Simply put, if you participate in a market and want to become a market maker, learn the cultural elements. These elements such as NTFs, refurbishing and betting cultures are almost more difficult to understand. But that’s why those who understand them, control their respective markets.

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