Quote from: BlackHatCoiner on Today at 12:38:11 PM

Quote from: cryptoperkele on Today at 12:22:36 PM

How come almost on-one didn't bat an eye when Elon was pumping BTC by tweeting about it?

If he was just “pumping” Bitcoin, then why didn't it dump? When a rich person manipulates the market, he only does it temporary. Just like now, that he's presenting Bitcoin as something bad. This isn't going to last long. I'd rather consider this as a correction, brought to us by Elon, than a dump.

But besides that, why shouldn't we be fine when a person tweets that he's in agreement with something we've all put our money on? We do know that it has a bright future and any extra words that will increase its value sooner aren't going to be seen as a “pump” by me.

On the other hand, dogecoin doesn't provide anything. It's just a fork that won't last long. We may observe some market craziness, since their community is quite bullish (and toxic). I won't be surprised if I see this meme coin passing Ethereum in market cap. (Sure, short-termly)

But you know what would come next...

https://media.tenor.com/images/84abb830f8bac2a1cf1d6146e2ea0bec/tenor.gif

I wouldn't say he presented it as "bad". He brought up some valid points, like a single power outage in a remote part of China causing a mining corporation to go offline. Which caused 35% of the total Bitcoin network hashrate to drop.

This is far from the decentralized original idea of Bitcoin. He has a valid concern.