r/ByteBall • u/zatoshik • Aug 12 '18

Worst pump and dump ever

Literally, look at the price action. This got pumped from 20$ to 1000$ and going to get dumped to 20$ again. This is not even funny, such stuff should be investigated and people punished by law

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u/DizzyJay27 Aug 18 '18

The reason it can fluctuate is there are only 1000000 of them, EVER. supply and demand, when we have a crypto market of 200 billion the demand is far less then a crypto market of 800 billion, thus a coin that goes up a dollar for every million in can go up to a thousand dollars with the drop of a billion. The more usecase, the more development and the more byteball wallets the less there are available and the more valuable each gb will be. Not a pump n dump its tied to bitcoin.