Elon's market manipulation
Childish but not innocent
So Elon Musk once again moved the price of Bitcoin and also all the alts with just one tweet. Some people find it funny, and class it under the tag of mischief. But is it really that innocent? I don't think so. I find it very childish what he is doing and has done, but the consequences are huge for the big players, and also for the smaller players on the cryptocurrency market. Imagine you just bought one Bitcoin a minute before his tweet, in a minute your coin just loses thousands of dollars of value. That is not funny, that is in my opinion plain criminal.
This time he tweeted a broken heart referring to Bitcoin, minutes after that Bitcoin went 5 % down. So you could ask yourself what Elon's incentive is to do this? For the CEO of a company that is holding a shitload of Bitcoin and is sitting on a ton of cash, this kind of behaviour is far from innocent. This is pure market manipulation under the tag of a "childish" tweet. Maybe Elon Musk should do what he promised in February. Just stay away from Twitter for a while...
Sincerely,
Pele23
Posted Using LeoFinance Beta
He is a capitalist with lots of money at his disposal. He exactly understands the impact of the his tweets on the market. At the rock bottom prices, may be there is some bargain hunting going on. After he buys enough, he will tweet something really positive and will send bitcoin soaring up
He is not a real capitalist, he is a fraud and are operating with cooperatives or being a crony capitalist, we dealing with real cryptocurrencies are real anarcho capitalists (capitalists)... please learn!
Yes ofcourse we are the real capitalists but sadly we can't exercise so much of influence on the crypto currencies. May be its a different story for you as you have issued a currency of your community.
You can probably move the price of LasseCash with investing in it and you have a say on the platform if you post quality posts.
Bitcoin is outdated technology anyway.
Great you know he is a fraud :)
He's retarded, omg! wow lol Just don't listen to him any more, I only found out about his tweets because you all posted them. He is not allowed to tweet any more that's why, he is in trouble for exactly the manipulation you speak of. I say this is good if he quits and sells, then we won't have to deal with his bs tweets any more. He lost more respect from me just now.
Elon is a fraud, read my other comment to this post.
Dude, Elon is a fraud for many reasons. First of all SpaceX is fake just like all "space agencies" they are not sending anything into space, space is fake and earth is flat!
Also he pretended to have send a Tesla car into space, which never happened but maybe billions of people believe.
In effect Elon is a fraud and an Illuminati puppet. You should know that by now.
Bitcoin is outdated technologi. Takes hours to send a transaction and maybe $50-$100 fee, compare that to LasseCash, which is ~3 seconds and no fee, plus social media rewards and plus future Diesel pool rewards.
5% movement is almost nothing in the cryptocurrency market.
Gave a 100% vote for the awareness.