classic pump and dump :) I was talking about the fact this could happen when the whole bitcoin buying by institutions mania began
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classic pump and dump :) I was talking about the fact this could happen when the whole bitcoin buying by institutions mania began
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I am not sure 10% can be considered a dump.
Plus they sold that back in March, long before this recent dump.
The pump and dump are in the futures market. That is where the action is.
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10% for them was a lot of bitcoin but I understand what you are saying. Although hyping stuff up I think can be put in the pump category :)
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Sure it does but the question is does it have an impact?
Musk tweets out a lot of stuff that people give him credit for.
Last year he tweeted that Tesla stock was overpriced. It dropped for a day and then continued on a 700% gain for the year. So obviously the market didnt really care what Musk said.
I have a feeling the big buyers of Bitcoin could care less about Musk's view on anything.
Now if he tweeted about Hive, with the market cap, that might be something different.
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