Steady Lads #62 • The Grift of Altcoins
Steady Lads
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Navigate the Game of Market Manipulation
The cryptocurrency market involves significant financial stakes, estimated between $10 to $20 billion annually, driven heavily by retail investments in various cryptocurrencies, sometimes referred to as 'shit coins.' This monetary value draws a range of companies, often little-known, to participate in the market, showcasing their presence at events like conferences. The competitive landscape suggests that players may engage in questionable, or even quasi-criminal activities, to capture retail interest and investment. The stakes in this game are so high that they parallel earnings of criminal enterprises, highlighting the potential volatility and risks involved in investing in the crypto space.
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