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RE: Was @dan involved in EOS wash trading to lure ICO investors?

in #eos • 6 years ago

For us crypto 'thickies' out here, could you explain (in very simple terms!) what wash-trading is please ?

6 years ago in #eos by
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     6 years ago  

    It's where you simultaneously buy and sell the same asset so it appears that volume is higher than it really is. Or it can be used to raise (or lower) the price of an asset.

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     6 years ago  

    Thanks for taking the time to reply. So its basically decentralised 'dodgy dealing' !

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