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There is also evidence of Musk tweeting in favor of doge and then bashing it. Clear evidence of manipulation.

by coding123 5y ago

Havoc 5y ago
...but not illegal as best as I can tell
- beckingz 5y ago
  People are allowed to change their mind on if they like the coin, right?
  - Dah00n 5y ago
    Yes. But it is smart to look at the history of the speaker.
    - yifanl 5y ago
      Being smart doesn't mean anything to the wider market if you aren't loud enough.
      - Dah00n 5y ago
        No but it does matter to the readers understanding :)
CabSauce 5y ago
I'm not trying to defend anything... But why is changing a stance on something 'clear evidence of manipulation'? Is there evidence he traded doge before/after those tweets and the SNL appearance?
- guerrilla 5y ago
  I think it's because no other properties of it have changed in the meantime, so one might think it's either arbitrary and irrational or manipulation and rational.
  - edoceo 5y ago
    Other properties have changed tho[0]. All these markets are like a river, constantly changing. Elon is only one stone. [0] some businesses have started accepting Doge, many new FOMO participants among other things
- elliekelly 5y ago
  Because he’s making his stance public with the knowledge and expectation that his followers will act on it and, in acting on it, will change the price.
- kerng 5y ago
  Because Tesla or him are in fact not selling their Bitcoin assets. He might as well be buying bitcoin or another crypto asset now.
throwkeep 5y ago
Or clear evidence that he is moderating the rhetoric, after seeing people literally YOLO their life savings into a joke coin.
- pessimizer 5y ago
  I suppose you can call it moderation; it lost 1/3 of its worth (along with 1/3 of the life savings of those people.)
elif 5y ago
In comedy, it is common to take multiple perspectives for the sake of a joke.
- tolbish 5y ago
  So simultaneously a joke and market manipulation?
  - elif 5y ago
    He paid $20M for his $420 TSLA joke. I'd call that manipulation... Doge is just memes though.
    - nickik 5y ago
      He bought $20M in Tesla stock that went up 8x (or something) and that 420$ thing (not a joke, that was a very serious thing) so it actually made him a lot of money.

There is also evidence of Musk tweeting in favor of doge and then bashing it. Clear evidence of manipulation.

Havoc 5y ago

...but not illegal as best as I can tell

beckingz 5y ago
People are allowed to change their mind on if they like the coin, right?
- Dah00n 5y ago
  Yes. But it is smart to look at the history of the speaker.
  - yifanl 5y ago
    Being smart doesn't mean anything to the wider market if you aren't loud enough.
    - Dah00n 5y ago
      No but it does matter to the readers understanding :)

CabSauce 5y ago

I'm not trying to defend anything... But why is changing a stance on something 'clear evidence of manipulation'? Is there evidence he traded doge before/after those tweets and the SNL appearance?

guerrilla 5y ago
I think it's because no other properties of it have changed in the meantime, so one might think it's either arbitrary and irrational or manipulation and rational.
- edoceo 5y ago
  Other properties have changed tho[0]. All these markets are like a river, constantly changing. Elon is only one stone. [0] some businesses have started accepting Doge, many new FOMO participants among other things
elliekelly 5y ago
Because he’s making his stance public with the knowledge and expectation that his followers will act on it and, in acting on it, will change the price.
kerng 5y ago
Because Tesla or him are in fact not selling their Bitcoin assets. He might as well be buying bitcoin or another crypto asset now.

throwkeep 5y ago

Or clear evidence that he is moderating the rhetoric, after seeing people literally YOLO their life savings into a joke coin.

pessimizer 5y ago
I suppose you can call it moderation; it lost 1/3 of its worth (along with 1/3 of the life savings of those people.)

elif 5y ago

In comedy, it is common to take multiple perspectives for the sake of a joke.

tolbish 5y ago
So simultaneously a joke and market manipulation?
- elif 5y ago
  He paid $20M for his $420 TSLA joke. I'd call that manipulation... Doge is just memes though.
  - nickik 5y ago
    He bought $20M in Tesla stock that went up 8x (or something) and that 420$ thing (not a joke, that was a very serious thing) so it actually made him a lot of money.