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ID: FqnCU+xy/biz/60659729#60659777
7/20/2025, 2:15:08 AM
>Bitcoin's price = NOT the result of organic real-world supply & demand = NOT sustainable
Wash trading has been artificially driving BTC's insane price action since the first major spike in 2013.
>Wash Trading 101
1. create/maintain the illusion of high volume
2. wait for poor unsuspecting fools to FOMO in
3. dump at a fat profit and leave them holding the bag
When the supply of gullible fools finally runs out, the entire scheme implodes.
TL;DR: exciting price action means nothing in an unregulated market rife with such manipulation, real-world utilization is the ONLY reliable metric of actual value.
Wash trading has been artificially driving BTC's insane price action since the first major spike in 2013.
>Wash Trading 101
1. create/maintain the illusion of high volume
2. wait for poor unsuspecting fools to FOMO in
3. dump at a fat profit and leave them holding the bag
When the supply of gullible fools finally runs out, the entire scheme implodes.
TL;DR: exciting price action means nothing in an unregulated market rife with such manipulation, real-world utilization is the ONLY reliable metric of actual value.
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