Business
I sold all my cryptocurrency – and you should too: endless growth is not sustainable – Sydney Morning Herald
What started off promising as the “people’s currency” and a middle finger to governments and central banks has since turned into one big joke.
A whale can theoretically put in a sell order for below the market price and attempt to buy it back using one of their other wallets (they could lose some along the way if other people buy some of it), causing a dip in the market which they can then use to purchase more dogecoin at a lower price – all while knowing they wield a huge influence on the currencys price.
What started off promising as the peoples currency and a middle finger to governments and central banks has since turned into one big…
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