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A comment on I watched a friend of mine pump a shitcoin on Binance by buying billboards. Parent comment

Re:I watched a friend of mine pump a shitcoin on Binance by ... by prepend on Tuesday July 12, 2022 @01:43PM (#32073372)
I think wash trading is the explanation. Without regulation these numbers aren’t very useful because of wash trading.

The real question is why only this amount of wash trading and why everyone doesn’t do a billion.

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Re:I watched a friend of mine pump a shitcoin on Binance by ... by SideburnsOfDoom on Tuesday July 12, 2022 @02:55PM (#32074230)
> The real question is why only this amount of wash trading and why everyone doesn’t do a billion.

You can't fool everyone all the time, but the transactions (volume etc) are likely intended to be realistic enough to fool some people sometimes.

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Re:I watched a friend of mine pump a shitcoin on Binance by ... by sdfhdhjdw3 on Tuesday July 12, 2022 @02:04PM (#32073616)
My explanation, on the other hand, also explains why it's not a billion.

So my explanation has more explanatory power than yours.

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