Comment on From millions of dollars to under a grand: The dramatic fall of the NFT
HK65@sopuli.xyz 1 month agoYou buy enough to raise the price, announce that you’re buying it, schmucks try to get in on the wave, you dump while tweeting diamond hands.
Repeat.
mattyroses@lemmy.today 1 month ago
Again, why?
HK65@sopuli.xyz 1 month ago
To make money
mattyroses@lemmy.today 1 month ago
The government you’re talking about can print money at will.
HK65@sopuli.xyz 1 month ago
But that increases the money supply. This way they can take money from other people. For example Russia can get USD without printing and inflating RUB.