When a few actors owns and are able to coordinate (manipulate) the value of an asset to simulate a broader market demand for that underlying asset. Some people may be tempted to put their hard earned savings into these highly controlled pumps, in the belief that there is an actual demand and utility. Their odds of a return would be higher at any casino.
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Yeah i get this for small market cap coins but when your talking about bitcoin or eth it doesn't seem to work like that at scale
Kyle, I like your posts and love that you're on xmrbazaar and pro-Monero but we gotta call a spade a spade here. When a coin goes from $60 to $600+ in like two months without a fundamental shift in its market adoption or a breakout new technological feat accomplished (neither happened with ZCash from what I've seen) then its clear something fishy is amidst. Do you disagree?