An act of crypto currency market manipulation by crypto start-ups and others trying to make money from short sales in the crypto currency market.
Typically this is done in the form of social network posts which direct others to focus on a specific cryptocurrency or sell-off another crypto currency in order to raise the valuation of another.
The most common effect of Cryptobaiting is the loss of money by people who blindly and feverishly follow Cryptobaiting posts and invest in a crypto currency far to late in it's surge to make a profit by the time it has already fallen in price.
The individuals making the Cryptobaiting posts have of course already set the buys and valuations and sell their shares during the short valuation bumps they caused.
Cryptobaiting can also be a term used to represent the actions of a person who repeatedly falls for Crypto-Currency fraud.
Typically this is done in the form of social network posts which direct others to focus on a specific cryptocurrency or sell-off another crypto currency in order to raise the valuation of another.
The most common effect of Cryptobaiting is the loss of money by people who blindly and feverishly follow Cryptobaiting posts and invest in a crypto currency far to late in it's surge to make a profit by the time it has already fallen in price.
The individuals making the Cryptobaiting posts have of course already set the buys and valuations and sell their shares during the short valuation bumps they caused.
Cryptobaiting can also be a term used to represent the actions of a person who repeatedly falls for Crypto-Currency fraud.
by Mr. SnowmanPants February 18, 2021
Get the Cryptobaiting mug.Dick is such a cryptocrite. He owns a lot of bitcoin but believes that the government should control the banks and be centralized. Fucking cryptocrite.
by Hankscorpio74 March 6, 2021
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An ecosystem of the lesser-known species "homocryptbloceads" The Genesis Block of this confused bunch was laid by Chrisbpirate. The crypto block heads (CBH) have none of the right moves but that's good for you as they make the mistakes in crypto, so you don't have to.
by the bored lawyer March 16, 2021
Get the crypto block heads mug.Cryptonaughts - a group of immature drug addicts with an eye for buying high and selling low.
Formally known as Vapes bitches, now make millions on selling premium and cocaine on discord
Formally known as Vapes bitches, now make millions on selling premium and cocaine on discord
by Jaguare March 31, 2021
Get the cryptonaughts mug.by TacoKing34 April 27, 2021
Get the cryptopenis mug.That one guy on discord who thinks he's very funny by making the gayest jokes and furry noises possible, with moans and groans included in a voice chat.
by anonymous July 24, 2021
Get the Crypto mug.When you stake your Ethereum in Ethereum 2.0 on coinbase and can’t sell for an undisclosed amount of time.
by Stevenbakermac August 13, 2021
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