Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Tesla will accept $ because they're environment friendly
by
Yogee
on 14/05/2021, 10:21:52 UTC
Quote from: pixie85 on May 13, 2021, 10:02:46 PM
Quote from: Yogee on May 13, 2021, 05:32:31 PM
Quote from: pixie85 on May 13, 2021, 05:14:40 PM
...
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.
Cryptocurrency market is not regulated like stocks so I doubt he'll be indicted for tweeting about what Tesla did. The company bought BTC and we found out about that when they filed a report. The company also announced accepting BTC as a payment method. Lastly, they decided to suspend it and willing to resume after bla bla bla.

Those who got caught by the dump may feel cheated but it's also their fault for speculating and buying from someone's tweet.

The company has a CEO who is held responsible.

Musk bought BTC and Doge privately as well and used the company to pump his private investments.
Assuming that he bought privately, is there any specific policy that prohibits Elon from buying cryptocurrencies that his company also buys? Do you have any proof that he also forced Tesla to convert part of their assets to BTC without board approval so he could also pump his bag? I'm looking for strength in your argument that he illegally manipulated the market.