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/biz/ - Business & Finance

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19985211 No.19985211 [Reply] [Original]

What does /biz/ think of devs that manipulate the price of their own token? Scott of the Statera team felt that the price was too low for his token so he bought every single sell order on Bamboo Relay to pump the price. Is doing stuff like this good or bad in your opinion?

>> No.19985230
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19985230

>>19985211
>market making is market manipulation

>> No.19985235

>>19985211
did he make it public? You must know about it somehow right?

CEO and Chairmen are encouraged to buy stock in the companies they run and they make it public if its a large buy.

Not illegal in business and not manipulation.

You are a retard if you think this

>> No.19985237

>>19985211
Dont care, never unpooling.

>> No.19985268
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19985268

Price pumps last night, and now I’m waking up to FUD from every direction.

STA must be back on the right track.

This is certainly a buy signal.

>> No.19985289

>>19985211
Oh so let me get this straight; It's not market manipulation when STONKS group dumps the price from 8c to 2c bottom.
But it is price manipulation when...
>1 tiny whale tries to fix the price of Statera
WHICH DUMPED FROM THE STONKS GROUP DUMPING THEIR STAs
>Suddenly it's market manipulation

You fucking disgusting pieces of shits. The truce is over.

>> No.19985408

>>19985211
It’s not bad but it does show that he lacks faith in the organic growth of his project. I made good money in STA but with all of the stuff going on with it now I’m glad I took my profits.

>> No.19985531

>>19985408
even if this were true, why would it matter if he has faith or not? it's already out there in the world.

>> No.19985549

>>19985268
>dev needs to stop coin from dumping
>this is bullish!

>> No.19985573

and what I mean by that is it doesn't change anything, if Statera was going to succeed then it was going to succeed regardless of someone's faith or doubt. It's decentralized. No one has power or control over it natural except market forces, and him deciding to buy is actually a natural market force at this point.

>> No.19985578

>>19985531
>why does it matter

Are you so fucking retarded to even ask that? He obviously knows that it would have went to zero because no one is buying/selling this outside of thanos and /biz/. artificially creating pumping the price, this early on just shows there is nothing keeping it afloat, except from the devs.

>> No.19985590

>>19985573
ok I have no idea how those two words got flipped (natural except should be except natural)

>> No.19985604

>>19985578
that is such a retarded notion, that no, it really didn't cross my mind.