/biz/ - Business & Finance

[Anonymous No.23425032]

>Made 100k this month wash trading rare pokemon cards

[Anonymous No.23425074]

>>23425032
Whats wash trading

[Anonymous No.23425112]

>>23425074
It’s when you wash your trades so they’re extra clean with they’re filled. Makes it more efficient.

[Anonymous No.23425160]

>>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.

[Anonymous No.23425222]

Fuck is that real?

When we were trading pokemon cards on the school yard we had no idea how much they'd be worth one day

[Anonymous No.23425240]

>>23425160
that's literallly how crypto works

[Anonymous No.23425250]

>>23425160
What are eBay fees?

[Anonymous No.23425285]

>>23425032
Based collectables trader

[Anonymous No.23425306]

>>23425240
there is an inherent value to some crypto projects as they are generating profits to stake holders. value investing works but its not as easy as trading the coin of the month on margin.

[Anonymous No.23425367]

>>23425074
I have one of those that I was gifted like 6 years ago, how much does it cost to grade it?

[Anonymous No.23425391]

>>23425160
Literally stonks and crypto

[Anonymous No.23425426]

>>23425160
Lol