this post was submitted on 11 Oct 2025
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[–] nialv7@lemmy.world 92 points 1 month ago (3 children)

Some mysterious account shorted a bunch of cryptos minutes before the tariff announcement, and made 190 million.

Just FYI

[–] Bob_Robertson_IX@discuss.tchncs.de 46 points 1 month ago (3 children)

That's all the economy is right now, just pumping it up, shorting, then trump announces something to crash the markets, those in on the grift make bank, then trump backs out and the market recovers. Wait 4 weeks and do it again.

[–] cosmicrookie@lemmy.world 11 points 1 month ago

This is all planned. Favours and filling own pockets. It should be and probably is illegal but by now we have found out that the president if the USA can do whatever they like without care for that

[–] Tollana1234567@lemmy.today 4 points 1 month ago (1 children)

its also a nice distraction from the BBB, and epstein files too.

[–] anomnom@sh.itjust.works 4 points 1 month ago (1 children)

None of it is a distraction, it’s all the results of a dictatorship. Nothing has actually stopped him from doing these things. The Disney boycott of all things, possibly excluded, for now.

[–] village604@adultswim.fan 1 points 1 month ago

At this point the Epstein files are the distraction

[–] SaveTheTuaHawk@lemmy.ca 2 points 1 month ago

And why does this work? Because of degenerate gambling day traders and analysts.

[–] kn0wmad1c@programming.dev 13 points 1 month ago (1 children)

Can you post proof I can send to my crypto friends?

[–] SaveTheTuaHawk@lemmy.ca 12 points 1 month ago (1 children)

Of course it did, as the tariffs are designed to do. Why are the media and people still thinking tariffs are about anything but massive market manipulation to benefit insiders?

[–] Dogyote@slrpnk.net 5 points 1 month ago

Why would tariffs tank crypto?

[–] Maeve@kbin.earth 9 points 1 month ago
[–] Maeve@kbin.earth 9 points 1 month ago (1 children)
[–] RememberTheApollo_@lemmy.world 10 points 1 month ago (1 children)

Probably because trump can’t keep his mouth shut and there was a leak that the rest of us weren’t privy to.

[–] SaveTheTuaHawk@lemmy.ca 6 points 1 month ago
[–] melsaskca@lemmy.ca 7 points 1 month ago (3 children)

Someone tear that stock market down until responsible adults can use it effectively again. Right now it's a broken, leaky old thing that is assisting mostly rich white greedy monsters and causing untold future mayhem with respect to value.

[–] markovs_gun@lemmy.world 6 points 1 month ago

You do realize that crypto isn't the stock market and doesn't require there to even be exchanges right?

[–] SaveTheTuaHawk@lemmy.ca 3 points 1 month ago

That has been true for 100 years.

[–] eskimofry@lemmy.world 2 points 1 month ago

it has become equitable recently. It now also works for brown and black rich assholes

[–] Dogyote@slrpnk.net 2 points 1 month ago (1 children)

Why would tariffs make crypto tank? Why not the opposite? How'd that person who shorted bitcoin know it would drop? Maybe they didn't, but it was quite the bet if they didn't know.

[–] iglou@programming.dev 1 points 1 month ago

Because the crypto market overreacts, always

[–] TheObviousSolution@lemmy.ca 1 points 1 month ago

So people are selling off from the crypto confidence scams to buy into Trump's confidence scams on the drop. The sad thing is that each time these scammers end up winning, they get more money to shape the world while normal every day people who've been shuffled into these confidence scams in the stock market / crypto/ meme stocks get screwed. People ask why everything so bad while still buying into the status quo sold by the scammers.