Science Memes

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Habits of Insects (mander.xyz)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] nomous 16 points 1 month ago (1 children)

100% spot on, pump and dumps are especially rampant in crypto because a couple of people can generate a ton of coins and own the entire market for that coin. If they can get that price to rise even just a fractional amount through whatever completely unregulated means they can dump it to the suckers buying and cash out. It's like printing money but the printing presses are stupid people.

[–] [email protected] 5 points 1 month ago

This has been going on for years.

People used to find an almost dead crypto-coin, buy up as many coins as possible, and then pretend they were developing back from the dead. Then they would cash out.