/biz/ - Business & Finance

>>23425074
Lets say you have a rare pokemon card worth like 3'000 dollars

You can a friend will 'sell' the card back and forth to each other bidding the price of the card higher and higher up to lets say 42'999.

However since you are just buying and selling between two people no real value is lost for you and your friend. Now lets say some impressionable redditor sees this rare card for 43000 and sees it's huge increase in value they might fomo in and buy the card at 43000.

That is a 40 grand profit just from wash trading a $3000 dollar card with your friend.