So everyone is blaming Elon now. My question is what would you do if you were filthy rich like him and you knew that it's easy for you to manipulate the market? What would you do if you knew that one positive tweet from you will skyrocket the market and one negative tweet will crash the market? I think you would do the same.
I'd probably think if it's legal. McAfee was imprisoned over crypto pumping but they got him on taxes so it's not exactly the same.
As far as I know it's illegal to manipulate the market like he did.
He bought BTC, tweeted about it, price rose, he sold, tweeted that he doesn't like it anymore, price dropped.
He's probably going to buy some other coin now, maybe more dogecoin and do the same thing all over again.
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The crypto market is full of noobs. They have no idea of crypto. They are not keen to learn and not able to visualize the big picture. If anyone is buying crypto because Elon tweeted positive about it then they are doing it wrong. They need to learn a lesson. I do not blame Elon because he is doing what's best for him and his company. You should be doing the same instead of listing someone else.
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This I have to agree with. If you bought bitcoin because of Elon don't complain that you lost money because of him. He's not your friend, you are fish to him.