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Topic: Tesla and market manipulation crime - page 3. (Read 679 times)

hero member
Activity: 2184
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May 03, 2021, 05:23:07 PM
#58
That's ain't fraud for my own understanding as long as they didn't sell everything after they announced it. It's normal that they sold that much because they need some assurance to take some of their investment. Small investors have been making a profit from their huge investment last time so it's not really right to put the blame on them for this so-called price manipulation. I think right now, they just need to be careful because all eyes are on them when they sold all of their BTC. I think next time if a big company will put its money on BTC, they won't gonna announce it since they will face these kinds of accusations.
sr. member
Activity: 1313
Merit: 302
May 03, 2021, 05:19:52 PM
#57
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?


The tesla had done the action of the whales in the market.It was a quite common factor in most of trading platform.Which includes the stock market investment.I don't think,they will charged for this action.They will had a capacity to defend themselves.Investment of 10% of bitcoin on their altcoin will be the master move of them,which should be appreciated.
hero member
Activity: 2926
Merit: 636
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May 03, 2021, 05:18:55 PM
#56
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?
Had someone in here have been charged with that? There is nothing right?
May we say it was a manipulation but Tesla did nothing to force people to do that, it was their well to do it and invest in Bitcoin and definitely, it wasn't a crime. Because if that will be the case and manipulation is already a crime, then many project developers must be taken into prison. But nothing, unless it was very clear enough that the project is fake and fraudulent.
legendary
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May 03, 2021, 04:59:37 PM
#55
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?
It sure does sound like it but there are a lot of companies that do similar "investments" that are made public which in itself isnt a fraud. Neither is cashing out when ATH and that didnt really dump the price either, so you cant really call it a dump. A strong case could have been made if the BTC price collapsed right when they sold BTC. I however do think Elon Musk is responsible for manipulating Doge and he should be held accountable for it.
hero member
Activity: 2030
Merit: 789
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May 03, 2021, 04:56:09 PM
#54
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Elon Musk never cared about his company trading value and have you seen him manipulating that market as well  Grin and if that is the case do you think he will care any less for the cryptocurrency market.

Even though what he's doing isn't outright market manipulation, it's still to be seen that newbies are jumping on his tweets to buy anything he tweets about since he tweets does get enough tractions. Well, each to their own. It's up to anyone that decides to fomo into any he tweets about. Most people who bought tokens based off "crypto influencers" recommendations in the past ended up losing more than they gain. Let's see how everything plays out though.  Tesla and Elon Musk are just out to make money, nothing more. Not like they like Bitcoin... They already have $TSLA.
hero member
Activity: 1428
Merit: 931
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May 03, 2021, 04:22:45 PM
#53
It is indeed a market manipulation that Elon has done. Not just with bitcoin but also with dogecoin. He never indeed spoke about his dogecoin holding but I assume he must have invested few millions personally in dogecoin and then manipulated the price through his immensely popular twitter handle and booked a good amount of profit.

If the Financial Fraud Investigation Agency starts an investigation around such allegation, he will find that true!

These are all wild guesses. We don't know if Musk really owns DOGE, so it's difficult to say that this is a deliberate market manipulation.
sr. member
Activity: 843
Merit: 255
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May 03, 2021, 03:55:51 PM
#52
I do not quite understand what exactly is the manipulation? The fact that they published the fact of the purchase and the head of the company wrote about it on twitter, or because then he sold it? Isn't it the freedom of market relations to buy and sell as much as you want and can? And since it is a public company, the fact that they made it public just to their investors as acting so potential is it a crime? In my opinion, there is some kind of confusion or something I do not understand ...
member
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May 03, 2021, 12:13:58 PM
#51
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?
This cannot be evidence to accuse Tesla - Elon is manipulating the market.  with 1.5 billion compared to bitcoin's current market cap of approximately 1075 billion?  I don't think they are qualified to do that.  Although, they are pioneers in the process of driving incentives for institutional investors around the world.  Even if they had enough bonds, I thought this possibility would still be unlikely in such an easy direction.
legendary
Activity: 2114
Merit: 1292
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May 03, 2021, 11:47:52 AM
#50
i don't think this can be categorized as a "pump and dump" because for it to be that they have to had pumped the coin themselves not just buy it and then tell others that they bought bitcoin. same with the dump. there was no dump in bitcoin, there was just a small correction that didn't even have anything to do with Tesla, their news came way after the drop started. the drop was actually because of the FUD about hashrate drop and panic sell.
hero member
Activity: 1932
Merit: 504
May 03, 2021, 11:42:41 AM
#49
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?

It is indeed a market manipulation that Elon has done. Not just with bitcoin but also with dogecoin. He never indeed spoke about his dogecoin holding but I assume he must have invested few millions personally in dogecoin and then manipulated the price through his immensely popular twitter handle and booked a good amount of profit.

If the Financial Fraud Investigation Agency starts an investigation around such allegation, he will find that true!

This is a reasonable interpretation of the events. I understand where you are coming from since their name influence were used to lure people. But somehow I also wonder based from comments of others that they have the right to do their own will, and is the accusation would really matter here?
legendary
Activity: 3080
Merit: 1500
May 03, 2021, 11:36:51 AM
#48
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?

It is indeed a market manipulation that Elon has done. Not just with bitcoin but also with dogecoin. He never indeed spoke about his dogecoin holding but I assume he must have invested few millions personally in dogecoin and then manipulated the price through his immensely popular twitter handle and booked a good amount of profit.

If the Financial Fraud Investigation Agency starts an investigation around such allegation, he will find that true!
legendary
Activity: 2982
Merit: 2681
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May 03, 2021, 11:28:38 AM
#47
Tesla company knows what are they doing for sure, but the fact that they use social networks to spread the word about their big investment, and the fact that the news was in all the paper news was for sure a manipulation. The number of people who decide to buy bitcoin after tesla did was enormous, and that generates a big bump in the markets. That's why I feel like it was some kind of manipulation. But maybe I'm wrong and the move was totally legit.
full member
Activity: 812
Merit: 105
May 03, 2021, 11:23:16 AM
#46
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.


it is a business opportunity, they are good at taking opportunities to make a profit. for those of us who have bought bitcoin at an expensive price, don't be afraid to hold it because the price of bitcoin will definitely continue to rise, so we'll just look forward to the time. Big companies in the world will also want to buy bitcoin to invest in the long term, so that's when the price of bitcoin will rise even higher and we will make a big profit.
legendary
Activity: 2632
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May 03, 2021, 10:03:12 AM
#45
For a big company like Tesla I think they are aware of what they are doing. If they committed a violation then they might knew it somehow, Tesla is not the first big company that too vulgar about their crypto holdings remember that blockchain is a transparent network where every companies crypto holdings is publicised.

Normally I would have reservations about companies knowing what they're doing. Owners in the CEO level and and managers in the operation level are usually very different. One owner can decide things and only inform operations later. And the same thing the other way around.

But in Tesla's case I have to agree, they probably know 100% what they're doing.
sr. member
Activity: 481
Merit: 251
May 03, 2021, 02:59:11 AM
#44
Tesla maybe associated with some manipulations in the crypto industry, but rest assured that they are just one of many players.
member
Activity: 574
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Kuvacash.com
May 03, 2021, 02:37:09 AM
#43
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?

In my opinion, I think Tesla as an individual or a company has the right to do what others are also doing(buying and selling of bitcoin) as long as the law within his country permits.
One thing is obvious here, Tesla is a big name(my thought) thus his actions in the market is capable of causing some kind of excitement, that's why the price of bitcoin went up after his $1.5b investment.

Buying bitcoin means that he's in business, and doing business means that profit would be made. He can't keep holding his asset for ever, there will be need to sell his holdings at some point in time, that's what just happened.


hero member
Activity: 2968
Merit: 913
May 03, 2021, 02:24:01 AM
#42
What Tesla did with bitcoin could be considered market manipulation, and that's a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?

So what do you suggest?Tesla buying lots of BTC and keeping it a secret?
I don't know about companies,that are obligated by the law to keep their asset portfolio as a secret.
Does Berkshire Hathaway keep their portfolio a secret?When Warren Buffet buys a stock,the price of that stock goes up for a while,only because Warren Buffet bought a share in that company.Is this a pump&dump?
It looks to me like a pump&dump.Why didn't FBI arrest Warren Buffet then? Grin
full member
Activity: 966
Merit: 102
May 03, 2021, 01:59:18 AM
#41
Market manipulation is a deception in trading. Tesla only buys Bitcoin low and sells high. So it is not possible to consider their purchase as manipulation.
If Tesla used their money to make Bitcoin's value rise from $ 30,000 to $ 60,000 across multiple accounts and multiple transactions to generate demand, that's a lie. The Bitcoin market is floating and not only is Tesla invested, but many other hedge funds are also buying Bitcoin so accusing Tesla of manipulating the market seems like a lack of evidence.
sr. member
Activity: 1526
Merit: 420
May 02, 2021, 07:52:18 PM
#40
For a big company like Tesla I think they are aware of what they are doing. If they committed a violation then they might knew it somehow, Tesla is not the first big company that too vulgar about their crypto holdings remember that blockchain is a transparent network where every companies crypto holdings is publicised.
full member
Activity: 1316
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CitizenFinance.io
May 02, 2021, 07:50:09 PM
#39
John McAfee also promoted scam projected in the year 2017 and the USA government was after him after some years. Tesla does not manipulate BTC alone but also very influential in promoting and messing around crypto market by endorsing Doge Coin. We shall see what will happen after few months ahead
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