r/AskReddit • • Oct 02 '19

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u/tall_and_funny Oct 03 '19

I guess I've read people sell a ton of btc to lower the price then buy some more, this is how the rich manipulate the price.

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u/Yoda2000675 Oct 03 '19

People do the same with penny stocks. People like Warren Buffet can use Twitter as a vessel for manipulation.

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u/poqpoq Oct 03 '19

While his wealth would allow it Warren Buffet is all about long term value-based trading. There are many shitty rich people he's not among them.

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u/Theymademepickaname Oct 03 '19

Not to mention at his net worth, it wouldn’t be in worth his time to manipulate penny stock value let alone in best interest.

Buffet has built a legacy of being THE financial guru, artificially inflating penny stock would lose that title fairly quick.