News for hackers. Stuff that matters.

A comment on $365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin. Parent comment

Re:$365B wiped off cryptocurrency market after Tesla stops a... by paulpauper on Thursday May 13, 2021 @02:37PM (#27145621)
but in a pump and dump scheme the dump is the result of the orginal pumpers selling, not from the pumpers wanting to make the stock go down. It is in the interests of the pumpers to keep the stock price inflated as long as possible.
[ Parent | on HN ]
Re:$365B wiped off cryptocurrency market after Tesla stops a... by ASalazarMX on Thursday May 13, 2021 @02:48PM (#27145770)
Pump and deflate? That evil Elon is at it again.
[ Parent | on HN ]
Re:$365B wiped off cryptocurrency market after Tesla stops a... by 988747 on Thursday May 13, 2021 @04:42PM (#27147176)
Ok, so what if Elon decided that Tesla's current Bitcoin holdings are too small, and is looking to depress price to buy even more BTC?
[ Parent | on HN ]