Topic: Elon and his bag of tricks (Read 298 times)

It is necessary to kick out investors like tesla and Michel saylor. They are bringing some attention and money into the crypto space but this affects the overall situation of the crypto market. What it will be beneficial if most of the BTC is in the hands of a few people. Also, I think miners have a big impact on the BTC market. BTC mining cost and current price also affect the BTC market.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

That's how majority of the people painted the picture: put the blame on the big guys when it's raining and praise them when it's fine and dandy outside. It's easier for people to blame their losses on huge guys that 'affected' their investments rather than admit that they made a bad call on their buys. That frustration has to go somewhere, hence why they blame the big guys.

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

More like a form of coping, especially for the traders and market timers. People sure like blaming and pointing at other people when making bad buys instead of just taking the loss and learning from it.

Form of sugarcoating I guess? People tend to praise big names simply because they are expecting something beneficial to small investors, for an instance is 'hype' which could trigger interest to non-crypto investors, and once this assumption occur, small investors will gain from it.

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

Despite the uproar caused by Tesla's announcement last week that it has sold 75% of its Bitcoin, the corporation claims to have $222 million worth of "digital assets" as of the end of June on its balance sheet.

The new information was included in the company's quarterly report, which it submitted on Monday morning to the U.S. Securities and Exchange Commission.
A few days before submitting its complete earnings report to the SEC, a company will frequently issue a press release and hold an earnings call. Because of this, information of Tesla's sale of $736 million worth of Bitcoin on Wednesday spread before the firm provided any information.
During the company's earnings call on Wednesday, Tesla CEO Elon Musk added that the company had sold its Bitcoin to raise cash as COVID lockdowns in China continued.

Musk stated on the call last week that the reason for the sales was the uncertainty around the end of China's COVID lockdowns. Given the uncertainties surrounding COVID lockdowns in China, it was crucial for us to optimize our cash position.

But in the hour following the revelation, the price of one bitcoin fell by 2.5 percent, reaching $23,078.18 on Wednesday. According to CoinMarketCap, the largest cryptocurrency in the world by market capitalization has further declined and was currently selling at $21,969.29 per BTC.

Meanwhile, it appears that the news that Tesla had sold a significant amount of its Bitcoin was well received by its stockholders. Prior to the announcement, TSLA shares were trading at $742.50 at market closing on Wednesday. As of Monday afternoon, they had risen 9% to $812.16. According to Yahoo Finance, that is the highest the price of TSLA shares have been since early May.

https://decrypt.co/105923/elon-musk-tesla-holds-222m-digital-assets-after-dumping-bitcoin

My question is what is the relationship linking Tesla corporation and the COVID lockdowns in china?

Or was this just a well laid out plan to raise his trading prices?

Exactly! I don't think you should care or continue to care so much about Tesla and Elon musk unless you hold their stock. As far as I am concerned Elon will always do what is best for him and the survival of his companies and you too as an individual should consider and concern yourself with doing what is best for you and your survival financially instead of worrying if Tesla's recent development was in line to raise their trading price.

We have to stop speculating about bitcoin and Elon relationship because the 2.5% is not really a big drop to bitcoin's volatility range and 9% hike on the tesla shares is not also a big task, we can just assume all this thing as coincidence and stop giving him the attention he likes to get from the investment community.

1. Tesla has a huge factory in Shanghai, China
2. More lockdowns = less revenue from superchargers or car purchases in general
3. Probably risk control due to the non-zero chance of COVID making a comeback in most countries

I guess if you are not that new in the market, you know such personalities like Musk can easily influenc the price. However, sooner or later crypto investors are getting smarter and will stir away from him specially if he open his mouth and talked about bitcoin.

And I don't think there is some kind of magic trick here, more on a business move on his part. Selling bitcoin, which he uses as an hedge and investment for his company. And since everyone's business is suffering due to the lockdown, specially his factory in China, he need cash flows now and the best move for Tesla is to sold their BTC holdings.

I don't have much to speculate about his behavior towards the crypto market. should also look at the matter from a different angle, as we all see that Elon Musk has brought positive and negative signals to the market through several stages of its development. As it grows, people call him god and now a bad guy. Each will judge and see the matter from their own understanding. In a market where most people want to benefit from it, and influencers will always face problems like this, I know not only Elon Musk but many other influencers are also being talked about.

(...)My question is what is the relationship linking Tesla corporation and the COVID lockdowns in china?

Or was this just a well laid out plan to raise his trading prices?

My question is what is the relationship linking Tesla corporation and the COVID lockdowns in china?

My question is what is the relationship linking Tesla corporation and the COVID lockdowns in china?