/biz/ - Business & Finance

>>20416095
>>20412732
>30 day active supply:30 million link
>binance Daily volume :1 billion link
can someone explain this to me, is it wash trading?,pump and dump

>robbed
not really
>5 pm
>open long position using 20k on a crypto coin using x60 leverage
>Musk tweet about"blah blah partnership with Link @SergeyBurger, @chainlink"
>coin pump +100% in 4 minute (it happened before when a google cloud twitter acount announced a bogus partnership with a coin, and since there is trader bots on twitter looking for partnership keywords)
> close position
>5:06 pm: congrats you're now have 2 million dollar
you could long again if you think that the hack won't get discovered for a few hour and Musk 35 million followers will keep pumping Link
>0 Risk at all since 20~100k position is not even noticebile in the 1 billion daily volume

>bonus point: make the tweet when american are asleep so Musk won't discover his account hacked later
>bonus point2:only hack 1 account at the time, if you're lucky you can pull this a few time before twitter realize it's a breach
>bonus point3:use a coin that already famous and has a lot of followers link
>bonus point 4:short when the hack is discovered making a few more million

Hell i would have bought Sergey or Bezos or Musk account and saved him all the trouble