It's an unregulated security. It's illegal to pump and dump Netflix stock, but not StoopidCoin. No laws were broken. And it's only going more 1929 from here...
there’s more people out there than you think. your exposure to the concept is relatively niche and privelaged, i think there’s still massive chunks of the population with exploitable cash out there that cons like this seek to exploit
I understand that, but I seriously doubt these people are losing essential money. If you can afford to buy Hawk Tuah coins for the 'community aspect' then they probably aren't at risk of losing their life saving.
There's a big gap between what's happening here and telescammers robbing grannies for example.
Every time a notable/famous person or "influencer" or whatever talks about a crypto coin, it is a pump and dump. Shes just doing what all the other scumbag influencers are doing.
For years now crypto has just been another tool to extract wealth from the lower class.
definitely. despite her bad actions i do feel bad for the misogyny she experiences. especially the whole getting pressured to make an OF stuff. i hope it doesn’t get to her and she can grow past the bad shit and have a fulfilling life
Oh right, the candlestick is the name given to a type of "error bar" chart in trading. When a pump and dump scheme happens, it typically draws a big big candlestick on charts.
so my understanding is actually that she’s more of an exploited middleman/useful idiot in this situation
from her videos its obvious that a) she has a pretty big management team backing her and b) she actually has no clue what she is talking about with crypto
from this i conclude (could be wrong but my best guess given what i have seen) that it’s actually her team that’s cashing out on her by approving and aiding whatever crypto devs approached her with this move. she’ll probably make a good profit of course, but it strikes me as her PR team intentionally kneecapping her on the way out.
I see bit-coiners as people that suddenly decide that the limited can-ashtrays done by a particular homeless that they hoarded now have an astronomical value and you must recognise it and accept the value they represent to them… regardless of the arguments about “printing money is the same”, why should I accept an unilaterally self-proclaimed wealth system value done by some dudes with even no ties to my representative government? If you want me to recognise the value of an invented block chain system begin by distribute all its value equally among all the human beings in the world, then I may start to consider it.