Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 1 month agoTeen creates memecoin, dumps it, earns $50,000arstechnica.comexternal-linkmessage-square14fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkTeen creates memecoin, dumps it, earns $50,000arstechnica.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 1 month agomessage-square14fedilink
minus-squareSpaghettiYeti@lemmy.worldlinkfedilinkEnglisharrow-up0·1 month agoSo is there no way to buy your own crypto without this issue? Who is to say he did it to artificially inflate vs he wanted a piece of the pie?
minus-squarejdeath@lemm.eelinkfedilinkEnglisharrow-up1·1 month agowhen you buy from yourself instead of from a different market participant that is considered wash trading and it is fraud
minus-squareasret@lemmy.ziplinkfedilinkEnglisharrow-up1·1 month agoWhy would you need to buy your own crypto? The only purpose of these trades is to mislead others.
So is there no way to buy your own crypto without this issue? Who is to say he did it to artificially inflate vs he wanted a piece of the pie?
when you buy from yourself instead of from a different market participant that is considered wash trading and it is fraud
Why would you need to buy your own crypto? The only purpose of these trades is to mislead others.