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It is interesting that people glom on the statements that Musk makes to orchestrate his Bitcoin manipulations, but don't really talk much about what he says in
by ksaj 5y ago
It is interesting that people glom on the statements that Musk makes to orchestrate his Bitcoin manipulations, but don't really talk much about what he says in between. He's been quite transparent that he sees the whole subject as a joke.
People who buy and sell based on his end statements amplify his joke, making the fluctuations more volatile than any stock day trader could ever hope for. At the same time, if they are timing their buys and sells to his statements, they also profit. Instead, a lot of people complain if they sell too late and the price is already rising again. That's not Musk's problem. That's the panic reactionist's problem.
If Musk wasn't taking advantage like this, someone else would find a way to do it. Like the way wallstreetbets was with the MJ stocks. Anonymous didn't seem to mind that one.
As you've said, finding and publicizing an issue by exercising it over and over again isn't the problem. Passively complaining about it and not looking for solution that would bring Bitcoin more into the realm of "real money" means things will always be this way.