Post
Topic
Board Bitcoin Discussion
Re: Elon Musk please stop messing up the crypto market
by
Fortify
on 10/05/2021, 20:38:44 UTC
Am I the only one who finds his tweets and market manipulation annoying?

A lot of newbies falling into the trap unfortunately. BTC is strong and won't be affected too much but Dogecoin is just increasing its pump and dump reputation. Sad.

It shows how shallow and manipulative he really can be each time he tweets about Dogecoin. You just know that he threw substantial sums of money into it after seeing how he could make hundreds of billions by sending out a message via social media. It is more of an ego trip than anything else and likely showing off to friends as well. He jumped into cryptocurrency after the SEC started to clamp down on his stock market abuse - whether you like short sellers or not, intentionally lying to investors that he had (fake) investment coming in was a serious crime and others have been sent to jail for similar fraudulent statements. They did not go far enough in punishing him quite frankly and he continued to take potshots at them afterwards.