How Crypto Billionaires Fake it Until They Become it — The Power of Manipulation in Cryptopia

“Market cap” is terrible signal in crypto: — I could create a token — Hold 1 trillion tokens for myself — Sell 1 token for $1 — Token now has $1 trillion market cap — And I have $999,999,999,999 of tokens This is obviously absurd.

Whats interesting about this is the Opposite point of…

--

--

--

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Cheesus — Telegram AMA — March 28

Node Runners — let the battle for NFTs begin

CoinEx Weekly Update

Step-by-Step Guide — How To Buy $GAINS: A Complete Guide For PC Users [Step 2/4]

DAEX | A decentralized clearing solution for exchanges

Photo by @tomverdoot

Three Rules for the New Economy

Crypto Markets Lost $80 Billion in One Day as Bitcoin Plunges Below $40,000 (Market Watch)

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Chris Herd

Chris Herd

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌

More from Medium

Bitcoin Extended.

What preparations do you need to do before $NRK presale?

Note 2. Digital Coin Price Index (DCPI): How to Indicate Inflation for Cryptocurrencies?

Programmable money — an overview