crypto downward trend May 2021
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POKER

High Drama in Crypto Space Provokes Huge Selloff

The poker world could be on the verge of witnessing Doug Polk’s return to the YouTube streets on a day in which Ethereum co-founder Vitalik Buterin sold off a massive amount of informally-bonded meme coins and Tesla CEO Elon Musk announced a suspension of vehicle purchases with Bitcoin.

Poker Life Podcast creator and reigning Poker Journalist of The Year Joey Ingram is among a slew of crypto HODLers seeking clarification from Dogefather Elon Musk, whose May 12th comments are being blamed for a dramatic decrease in Bitcoin’s value.

Morality, Manipulation, and Mudslinging in the Cryptocurrency World?

The actions by Vitalik Buterin and Elon Musk have suddenly sparked widespread chatter about the morality of cryptocurrency speculation as it relates to marketing.

Should an owner of digital assets be “bound in perpetuity” upon receiving an unsolicited altcoin transfer that bonds the recipient to third-party marketing aims?

What happens if a big name investor/benefactor such as Buterin tires of the responsibility that arguably places one in the role of a “warden” while owning such a prominent position in affected coins?

And what about Elon Musk? Should the affable industry mogul find himself at virtual “spear point” when his comments or decisions are perceived to negatively impact any group of investors/speculators?

Upswing Poker co-founder Doug Polk seemingly presented this quagmire to Twitter followers Wednesday afternoon, but early returns suggest the irony may be lost on cryptocurrency HODLers for the time being.

Is now a good time to buy or sell cryptocurrencies and other digital assets?

Readers are encouraged to seek out the resources they believe will best help them arrive at such a decision.

* This author has never owned cryptocurrency or digital assets.

Read More Cryptocurrency Coverage from BestBetUSA

Elon Musk SNL Dogecoin Colonization Falls Short (May 11, 2021)
Who Wants #MavPunks Digital Collectibles? (Mar 21, 2021)
Poker World Reacts to Bitcoin’s Rise (Dec 17, 2021)

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