What is considered insider trading on Tok Tok with bitcoin?

When you show that you own your portfolio, you promote your portfolio of bitcoin, you are encouraging people to buy in to your portfolio on tik tok doing live streams, then does that become insider trading? Bitcoin is decentralized and not backed by USA government.

What is Insider trading? So you own something and are influencing something at the same time you own it.

Congress mentioned the other day, that they would not be backing bitcoin. Some of the politicians said, for those with bitcoin machines, that the senior citizens, who have put in their life savings of $183k in to a bitcoin machine, and can't get their money back, then they congressmen have said they are telling people to go to the front desk of the business, and ask for their money back. They have also said, with the bitcoin machines, they want to place a limitation of around $2000 to go in to bitcoin machines.

https://www.tiktok.com/@powerofpublish?lang=en

I would love to hear your thoughts on this.

Comments

FinTecGeekover 1 year ago1

Insider trading refers to when there is proprietary, non-public information that you possess which you are leveraging to "juice" your returns or the returns of others in ways that are illegal. Almost no-one possesses this type of information, and so insider trading is not so much a concern with bitcoin.

To try to put this simply, Bitcoin is basically an "option contract" where you are buying a long call on the total money supply. If the Fed keeps printing money at faster and faster rates, the "second derivative" will drive Bitcoin's price higher. If the Fed starts/continues to really tighten money supply, then the price will fall. You are just trading on the "direction of change" in the money supply, which you could do without paying crypto exchange fees from a regular brokerage account with normal options...

Bitcoin is not quite a ponzi scheme, but it is close. You do have people convinced this is more than just a "contract" with a binary payout solution (either pays or does not). Some participants are convinced it is a "store of value." This does create the risk of a bubble, where people will irrationally hold the contracts even when they are worthless until something happens forcing them to sell (liquidity dries up). This creates what you see today where the price moves too violently for people to be able to get in and out of it predictably, and where no one really wants to make much of a market "insuring" large position in it.

All of this to say, we don't really care about insider trading with bitcoin (for the most part) and you are now just trading around what is essentially a closed end mutual fund full of very speculative options calls with no defined expiration date but generally, we can understand the expirations as "10 years or less." It can be assumed all things there are to know about Bitcoin the market already knows or has access to.

87thesidover 1 year ago1

Insider trading is being privy to information about a company that normal people don’t have and then executing stock trades based on that info, basically an unfair advantage. Like for example, if you were high up in a company and you knew of a contract that was being drawn up with another company for a sizable amount and so you bought shares of that company right before it was announced/released to public and therefore increased stock price and ensuring profit on your end. Showing what stocks/crypto you own and encouraging others to buy is not considered insider trading, but with lesser known stocks/crypto and having a sizable audience then it could be seen as a pump and dump if you immediately sell once the price has gone up from getting your followers to buy.

DebbieGlezover 1 year ago1

Insider trading is when you trade based on information you received from the “inside”. Pretty much information that is not public. I hate bitcoin and people advertising it to me on any social media though.