"The conventional wisdom for bitcoin so far went like this: If you want to make more Bitcoin, find or issue an altcoin, pump it and then park the gains in BTC. As whales start accumulating BTC from the altcoin gains, everything else crashes. The masses sell at a discount their alts in order to FOMO in the new BTC rally. Rinse and repeat." ----- This is called wash trading. It is illegal in traditional market, however, because ICO market is not regulated, this will go on. Thanks for the great post!
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