Ok, ima be totally real with all of you, I dont know SHIT about cryptocurrency or none of that, the only reason im even checking the stock market is cus since it’s ASTRONOMICALLY fucked rn, I figured I’d invest a little into S&P cus “why not”
I was checking it today and I was curious about Etherium and I noticed this MASSIVE spike and it just dips right back down all in like 20-30 minutes. Wtf happened? What caused this? Is there some kinda “pump and dump” happening?
This was taken just a few minutes ago…
And I took this one just now…
Same as eggs… if enough people believe other people will want to buy it for a dollar more than they paid, they will pay the asking price. When supply is scarce that drives the price up.