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
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Crypty
• Cryptic
• cryptocurrency
• crypt keeper
• crypt
• crypto
• Crypto-Cuck
• Cryptard
• Cryptid
• cryptik
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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Get the cryptex mug.Cryptic is a very sweet bitch baby. He is a very cute lil baby. Very nice and loving. He cares about people very close to him and would do anything for them. He's also very horny and very much a bully sometimes. Everyone loves and simps for him. He's very nice and the most bestest boy. All though we simp we must remember that he has a wife. But anyways we shall all create a army to worship Cryptic. Cryptic is God, we worship him. If you see him in public bow down to him and become his floor. Cryptic will soon rule the world.
by Anonmommy January 31, 2021
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Get the Cryptic mug.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
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