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Author Topic: Do you consider spreading FUD to be unethical?  (Read 784 times)
eaLiTy
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March 05, 2023, 05:48:36 PM
 #101

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Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.
You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy.
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March 05, 2023, 06:13:49 PM
 #102

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Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.
You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy.


I was also anticipating Doge to pump more during that SNL with Miley. Hustle to da moon and then woop, plunged the next day until the whole year. He literally made it a joke for all and then the Dogecoin millionaire loses his smile. Although he still has a ton of money, I rarely see that guy upload a youtube video since 2021.

There was an interview where Elon actually tried to contact the Doge dev. I'm not sure what happened but sure he also played that guy.



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March 05, 2023, 06:45:39 PM
 #103

FUD is unethical to long-term holders or anyone who expects the market to be bullish. As a result, FUD has opened up a huge opportunity for any investor to enter the market and catch weak-handed panic sellers, and they will be the ones to profit in the end.

Some people deliberately created FUD so that they could get low price buying opportunity, while some traders failed to understand it and they couldn't avoid panicking.

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Ultegra134
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March 05, 2023, 07:06:22 PM
 #104

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Elon messed with the cryptocurrency market a lot during that period. Except for the pump of Bitcoin he caused, he also caused a lot of fuss with Dogecoin, which exploded right after his tweets. If he was messing with stocks, he would have been prosecuted now, but cryptos are unregulated, and he's free to do as he pleases. Although his tweets don't have the same manipulation power anymore.
You missed the part with Elon Musk as he manipulated the stock market and caused rapid shifts in the market and once that became a regular thing for Elon, he was charged by SEC for his tweets that had a huge impact on the stock market and then he shifted his focus on the cryptocurrency market where he was successful in causing huge rallies in Doge even the developers did not anticipate Cheesy.

That's interesting; I had no clue that he had actually manipulated the stock market. That explains why he proceeded to manipulate cryptocurrencies. Since he was already charged once, he couldn't risk repeating the same mistake and thought it'd be fun to mess with Bitcoin and especially with Dogecoin, which was the absolute troll. Unfortunately, many people followed him and potentially lost money, while others may praise him because it was an opportunity that some took advantage of. Even after it dumped, he continued making dumb jokes regarding Doge, such as the potential addition of Dogecoin to purchase a Tesla. I can't remember if he actually implemented it and then revoked it, but he's an absolute internet troll.

R


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March 05, 2023, 08:12:33 PM
 #105

It is simple:
If someone spreads FUD, knowing what they are saying it is an exaggeration, then it is unethical, because they are lying and they know they are doing it for an ulterior purpose.

If someone says something which is related to FUD but is not aware about the nature of that information, then it is not unethical, it is plain ignorance.

In the end, spreading FUD to influence other's decision is wrong and that is just another reason why anyone should do their own research and not following some random guru/trader/influencer in social media.

This reminds me an article written by the staff of Binance about FUD, it is a piece any newbie should read and keep in mind whenever they read crypto news on internet.  Smiley

https://academy.binance.com/en/glossary/fear-uncertainty-and-doubt




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