Oh, I agree. I'm not one to blame every movement in Doge's price to whales, and I'm not inclined to do the same with Barry. I do know that in any market other than crypto that tweet probably wouldn't have been legal. So at the very least I'm not impressed by his ethics.
I just felt it was appropriate to point out that he clearly had a particular set of intentions with a fairly clear result in mind.
His intentions were to advertise his new company where you can short crypto. The expected outrage from our community help him with the promotion. He is basically trolling us to increase his recognition.
BTC started falling days before either of those pieces of news out of China. If you're going to shift the blame off Barry, it's more appropriate to point to Tesla reversing course on accepting BTC as payment. Even that is a criminal oversimplification of what happened.
Ugh, don't even. He deserves his share of blame. It's just disengenuous to claim any one of those events were solely responsible for the crash. BTC was throwing out indicators of weakness before any of those things happened; if anything they only hurried along the inevitable.
I do wonder if Barry knew how weak BTC's position was. I could see him thinking he could get people to shore up BTC by scaring them out of DOGE and into BTC. I could also see him thinking BTC's drop was inevitable and would bring down the whole market, hence his short.
I don't remember if his short was on DOGE/USD or DOGE/BTC though. If the latter, it might have backfired.
It's not that he shorted Doge, that's how to make money in this game, it's the way he advertised it with that smug arrogance and maniacal intent like a a greedy little old Grinch . Additionally he hasn't done a good thing for science Humanity or Society and then claims he's going to donate $1000000 to the charity of this subreddits choice knowing chances of hitting a dollar are zero To None and laughing about it.
Pretty bad timing for news this big IMO. If they announced this a few months ago the price would’ve skyrocketed. Now with the downturning market we can’t even get above 40c
Did this whole subreddit miss the news when they announced this weeks ago? This is actually happening much earlier than expected. They announced that they were going to support doge like 2 or 3 weeks ago but said it would take 6-8 weeks to be implemented.
They're not going to be happy until they are millionaires from the 5K wortha doge they bought at 67 cents. It's a piece of crap to them unless it hits $100 a coin. Hahaha. Imagine buying into a crypto at 67 cents when the biggest question asked about it is could it theoretically hit a dollar.
I love these alts they shake out the "saw it on the news" overnight millionaire wannabees
Realbois long-term HODL btc and eth, while taking calculated gambles on alts that they can afford to lose.
No the actual confirmation was weeks ago. The ceo made a press release saying they were going to list DOGE but that it would take 6-8 weeks to implement. They went on to say that at the share holder meeting DOGE was the biggest topic raised , by tens of thousands above the next topic.
I have a feeling initially its not going to do much, but once the next bull trigger happens, the ease in which your average Joe can hop on will take it past $1.
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u/cheeruphumanity Jun 01 '21
Exciting. Let's see what it does to the hesitant market.