Comment on Habits of Insects

<- View Parent
nomous@lemmy.world ⁨1⁩ ⁨day⁩ 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.

source
Sort:hotnewtop