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it is always possible that someone with deep pockets, tangentially connected with the creator of Nyan Cat, is injecting money into the site to create the illusi
by berniemadoff69 6y ago
it is always possible that someone with deep pockets, tangentially connected with the creator of Nyan Cat, is injecting money into the site to create the illusion of a large sale. the eBay equivalent of bidding on your own item. there is a huge incentive to do this, because of the hype it creates (large sales = 'art world' news), leading to more people wanting to 'get in on the action'.
- ketamine__ 6y agoPrecisely. People have been doing this with plain ol' trading too. But then CMC started cleaning up the volumes and there were transparency reports on exchanges. Before this happened some exchange you never heard of was claiming to be a leader in volume.