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The scammers are skilled at washtrading the prices high and getting attention on social media. Lots of standard salesman/con artist tricks to get people to fomo
by space_rock 5y ago
The scammers are skilled at washtrading the prices high and getting attention on social media. Lots of standard salesman/con artist tricks to get people to fomo buy in
- DSingularity 5y agoBut that’s basically all of crypto. The trick is to get out early /s.
- asah 5y ago"all of crypto" has a soft landing as gold bugs and others diversify trillions into crypto. NFTs have a soft landing if/as crypto whales diversify into NFTs. Traditionally, collectibles are a much smaller market than commodities and currencies because their uniqueness reduces their liquidity. The "huge" art market ($50B) is dwarfed by precious metals ($10+T).
- analognoise 5y agoWhen the US and China both get around to banning crypto (China already started), it's going to be a hard landing.