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Elon Musk manipulates markets and none of the regulators do anything about it. Remember this when the government asks you to pay taxes on crypto gains

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by COINS NEWS 242 Views

It is evident that none of the regulators care about manipulation going on. Heck, they even allowed him to manipulate stock prices and get away by paying a small fine. They arent going to do anything about crypto manipulation.

Only a fool will believe insiders arent trading these manipulations and making billions of dollars on the back of retail investors.

Now, someone will definitely say "crYpTo is UnReGulAtEd"

But that is not the case, regulators are already all over crypto. Its never been the case that regulators arent interested in crypto. If they dont care about the entire market, it is fine. But rather they heavily regulating crypto already by fining Coinbase for running bots, busting ICOs, busting exchanges, seizing exchanges abroad (BTC-e, BitMEX), suing DEX operators (EtherDelta).. but are completely silent when one of the richest person based in USA manipulates prices in a completely brazen fashion.

Its obvious they will regulate only when it suits them (i.e. stifling the market) but are totally fine with someone manipulating the market to send prices crashing down.

Remember this when they claim they deserve taxes on your gains. Any money you make in crypto is despite the government, not thanks to them.

submitted by /u/DetroitMotorShow
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