Quote:
Originally Posted by Snowman
Even if they were able to succeed in doing this for x number of cards (and I fully acknowledge that this does in fact occur), it's still artificial demand and economic theory tells us that the market will adjust. The market as a whole, or even sub segments of it, is just far too big for it to be manipulated by a handful or even hundreds of transactions. Do people get scammed? Yes, for sure. Daily. But the broader market stabilizes to meet supply and demand.
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If you look at 2016, it seemed there was a price umbrella effect from the cards that were clearly manipulated resulting in increases across a wider spectrum of cards. Whether ultimately the market adjusts really doesn't lessen the pernicious effect of manipulation, especially in a market where information is so critical and where FOMO, maybe more than in other markets, is huge.