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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 tebs1200 on Friday May 14, 2021 @12:10AM (#27150604)
Except Bitcont isn't a security, so there are no laws against "Pump and Dump" in the unregulated market.

Some would argue that Bitcoin is fundamentally a giant "Pump and Dump" anyway, so nothing to see here.

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by admax88q on Friday May 14, 2021 @12:59AM (#27150869)
Sure, but what you're basically saying is "what Musk did isn't illegal because the thing he did it against isn't considered a security"

You may be technically correct, doesn't make it any less sketch or immoral

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by jiggunjer on Friday May 14, 2021 @03:23AM (#27151687)
Pump and dump arguably isn't immoral. It's just using herd mentality, if it wasn't illegal people might actually try to think before they buy and sell.
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