Recently, there's been an upscale of influencers that have decided to shit on our favorite token: Bitcoin.
Some (of whom we favor better) have been pumping the price ( Elon, Bitboy, Biaheza ), hoping in better returns, and they've gotten them. In the world of crypto pumping the price works better than wishing upon the downfall of the token. We, as a community, do not appreciate influencers coming out of nowhere in order to dump the price of a token we'd so heavily put our lovely money into. (Of which they likely have short positions on)
For example:



See all of those headlines? That's just the beginning. It's starting to become a lot more common than most of us would like to think. Every influencer that wants a higher CPM on their advertisements now make videos about crypto to cash into that quick money.
The majority of these influencers haven't even taken courses which are the base minimum for an individual looking to give advice to thousands or millions of individuals. Influencers such as KSI have even begun dishing out crypto advice after admitting his own portfolios' downfall, losing out on 7 million dollars of his own money - it's fair to say that he's an unqualified and untrained influencer. - And a rather bad one at that...
The world of finance had recently begun to be infiltrated by dumber and dumber people, insinuating that hedgefunds might be behind it all...they could hypothetically be bringing in bad advice on purpose through these influencers in order to short these cryptos or buy them for either mass price pumps, or massive price dumps - crypto shorting and longing has now become a thing on most platforms that support institutional sizes of monetary flow and account balances - some of which allow 9,999,999 USD in any account, with the requirements of a stripe account (ID, name, etc).
9,999,999 USD might not seem big enough for hedgefunds...but what about an unlimited account balance? Something that is commonly available with institutional lenders. Not to mention some hedgefunds just making accounts under their employees' names...Which means that 9,999,999 turns into 99,999,999 Usd with 10 employees, and a billion dollars with 100 employees.
That's all for today.
Cheers!