Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 17 days agoTeen creates memecoin, dumps it, earns $50,000arstechnica.comexternal-linkmessage-square20fedilinkarrow-up1168arrow-down16cross-posted to: news@lemmy.worldtechnology@lemmit.online
arrow-up1162arrow-down1external-linkTeen creates memecoin, dumps it, earns $50,000arstechnica.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 17 days agomessage-square20fedilinkcross-posted to: news@lemmy.worldtechnology@lemmit.online
minus-squareSpaghettiYeti@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down2·16 days 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-up2·16 days agoWhy would you need to buy your own crypto? The only purpose of these trades is to mislead others.
minus-squareSpaghettiYeti@lemmy.worldlinkfedilinkEnglisharrow-up1·16 days agoWhy wouldn’t you buy your own crypto for the same reason others would buy a coin?
minus-squareXatolos@reddthat.comOPlinkfedilinkEnglisharrow-up3·16 days agoYou already own your own crypto though, without buying it.
minus-squarejdeath@lemm.eelinkfedilinkEnglisharrow-up1·14 days 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