this post was submitted on 15 Nov 2024
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Science Memes

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Habits of Insects (mander.xyz)
submitted 13 hours ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 3 hours ago

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.