Please, /blog/, tell me there is a way to short sell this shit. We all know that this is a bubble, surely there is a way to profit on these morons, right?
Name:
Anonymous2013-03-06 20:24
ITT: samefag tries to artificially inflate the price of bitcoins via hype
here's how pump-and-dump schemes work:
1.) buy a lot of something
2.) hype it up and tell everyone they should invest in it
3.) dump your supply once the price goes up due to speculative investors
4.) everybody else loses money
they come in waves, because there's no point in hyping bitcoin after a dump... they wait until it crashes again and gain enough of a warchest before hyping it again