From what understand, money doesn’t just disappear. When you’re at a poker table playing, the sum of money everyone started with is the same at the end(when someone loses $100, other(s) gain $100). If I sell you a crypto for $100 and it drops to $0, I would still have your $100. In this case, wouldn’t someone/some groups of people get all the money that is currently being lost?
In: 6
You make a coin
You buy millions of that coin
You hype it up on your cryptobro subreddit and youtube and get millions of people to buy it.
As long as more people buy it than sell it the price will keep going up.
You sell all the crypto at once tanking the price of the coin, but you get rich.
Latest Answers