Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 1 month agoTeen creates memecoin, dumps it, earns $50,000arstechnica.comexternal-linkmessage-square20fedilinkarrow-up1170arrow-down16
arrow-up1164arrow-down1external-linkTeen creates memecoin, dumps it, earns $50,000arstechnica.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 1 month agomessage-square20fedilink
minus-squareSpaghettiYeti@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down2·1 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-squareasret@lemmy.ziplinkfedilinkEnglisharrow-up3·1 month agoWhy would you need to buy your own crypto? The only purpose of these trades is to mislead others.
minus-squareSpaghettiYeti@lemmy.worldlinkfedilinkEnglisharrow-up1·1 month agoWhy wouldn’t you buy your own crypto for the same reason others would buy a coin?
minus-squareXatolos@reddthat.comOPlinkfedilinkEnglisharrow-up3·1 month agoYou already own your own crypto though, without buying it.
minus-squarejdeath@lemm.eelinkfedilinkEnglisharrow-up2·1 month agowhen you buy from yourself instead of from a different market participant that is considered wash trading and it is fraud
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?
Why would you need to buy your own crypto? The only purpose of these trades is to mislead others.
Why wouldn’t you buy your own crypto for the same reason others would buy a coin?
You already own your own crypto though, without buying it.
when you buy from yourself instead of from a different market participant that is considered wash trading and it is fraud