Perfect example of #marketmanipulation
$BTC soars after Musk tweeted that $TSLA is going to be accepting #bitcoin payments again. I am willing to bet anyone one thousand dollars that he sold some bitcoin after the Shepard spoke and his sheep followed.... He probably even made purchases prior to the statement, knowing that his words alone would be enough for the Elonians to do all the work so he can reap the rewards at his flocks expense.
First and foremost, it's insane that a simple social media post from a celebrity has the power to send coins moving by 10% or more with ease, and not just any coin... but Bitcoin at that. If their transactions coinside with the posting, theres only one way to define it.. Market Manipulation, yet no one seems to see a problem here (or don't care, even while they gain at your expense and then pay for your loyalty with a loss more often than not).
For those that do care, you also have to question the legality of the act as the definition of Insider trading is as follows;
the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information
and the problem begins with allowing people who have the ability to influence fluctuations in prices trading on the same market as everyone else. If he doesn't tell anyone his plans (given evidence that it was planned, through transactions in correlation with the post) isn't that confidential (def. - private or kept secret, not public) information? If that is shared with just one person it is definitely a crime but perfectly legal to do it on your own? Either way it's definitely a clear and evident Manipulation of the market and results in massive profits for the already insanely rich.
Expect many more headline-grabbing endorsers and detractors in the coming weeks and months, making for one hell of a rollercoaster ride with no maintenance or repairs in sight
🤔🤔🤔
#whoknowsbutwhatthehell #invest #shibaarmy #team #together #buildandgrow #longterm #millionaire #money #shib #bitcoin #doge $SHIB $DOGE $SOL $ETH $AMZN $GOOG $GOOGL $META $GME $AAPL $MSFT $TWTR $FDX $SPOT $AMC
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