The pumpers hurt us way more than the SEC.
They are in a position they have to be careful especially when behind the wheel of a public company, ask Elon.
Elon is the worst one of the celebrity influencers with toting dogecoin and spewing what he thought of cryptomarkets on his skit on SNL last year.They are in a position they have to be careful especially when behind the wheel of a public company, ask Elon.
The problem is with them doing this is that it direct affects bitcoin and it's view on it by the eyes of the entire world.
That is the impact that these kind of influencers have and even if you don't like it, it is a reality.
They can make or break markets with anything they promote or their view on something or someone in the media's eyehold.
They buy these alt coins and guess what they do with it, whether it be a altcoin whale or the creator, they sell it for guess what?
That is right: BTC
Then they exchange that for fiat and the price tumbles.
This is a rinse and repeat cycle for any of these pump and dump alt coins.