Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 16.

KennyR

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Quote from: rdbase on January 18, 2023, 09:13:56 PM

Twitter was an expensive deal for Musk to take over the media platform. The first set of interest payments on the loans he took to acquire twitter was from I heard $1billion to his lenders.
https://fortune.com/2023/01/18/elon-musk-twitter-sales-revenue-interest-payment-loans-debt

My guess will be him selling more stock of his other companies or possibly his holdings in bitcoin to offset the next set of interest payments in a couple of months down the road.

Elon have been trying to make good revenue through the Twitter acquisition. His plans didn't work, as he keeps making changes to the terms on the usage. Over the days after the acquiring the market of Twitter keeps decreasing due to the firing of staffs followed by the profile verification as premium services. Hate speech and eye same have made advertisers move out of Twitter causing major revenue loss. Even if the verified users prefer the blue tick service then it might bring another $400 - $500 million in revenue every year. The first loan settlement will give the outlie of his further plans for selling of his alternate stocks or had some other plan.

rdbase

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Twitter was an expensive deal for Musk to take over the media platform. The first set of interest payments on the loans he took to acquire twitter was from I heard $1billion to his lenders.
https://fortune.com/2023/01/18/elon-musk-twitter-sales-revenue-interest-payment-loans-debt

My guess will be him selling more stock of his other companies or possibly his holdings in bitcoin to offset the next set of interest payments in a couple of months down the road.

rdbase

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That's why there was a documentary on a popular news channel that put out a piece on him and called it:
Elon INC
"Elon Musk has built a reputation for changing the game by ignoring the rules, and his recent acquisition of Twitter is no different. Is the turbulent Twitter buyout just the next chapter in Elon Musk’s odds-defying story? CBS Reports peels back the layers on the high-stakes and high-rewards journey of one of the most polarizing and influential people of our time."
excerpt from youtube: https://www.youtube.com/watch?v=T8lq4ac_iq4

This embodies everything to whose businesses main focus is to take over companies.

Blawpaw

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Quote from: rdbase on May 07, 2021, 04:40:39 PM

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge. Cheesy

She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Imo musk has done more bad than good to cryptos. He simply used cryptos to make a lot of profit. Cmon what are you waiting from a guy that in one minute says tesla is accepting Bitcoin and in the other backs his word!? And in the meantime makes millions dumping bitcoin. He just used cryptos to make some money. He doesnt give a damn about it.

Easteregg69

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Quote from: Synchronice on January 10, 2023, 10:39:28 AM

Quote from: rdbase on November 15, 2022, 05:46:02 AM

Funny thing is that the former CEO of now bankrupt FTX offered to help in the acquisition deal of twitter with him.
Yet he did not have the capital on hand to do so.

That's why his bullshit meter was redlining Cheesy

FTX guy helping Elon Musk to purchase twitter. I imagine Elon's face expression at that moment Cheesy

Quote from: rdbase on December 15, 2022, 07:12:40 AM

So Elon wants to make a payment system for the newly acquired twitter company.

Elon Musk is a businessman, not a messiah. While I admire him for his skills and talent, I think that everything he has done is for money and attention, to feed his ego. He is a great manipulator and marketing guru who knows what to do in certain moments. He is a person who can do something today to benefit from it years later.
At the moment, Elon Musk has a great reputation in the society, he is admired for his charisma, energy and people believe that all he want is good for people and somehow everyone forgets or doesn't give attention to the fact that he used crypto community and new investors to pump and dump crypto prices for personal profit.
So, the latest Twitter deal and his statement that he wants to return free speech, increased his popularity and reputation further. The fact that he "supports" cryptocurrencies which on another hand means that he even wants to make people independent from the government and the fact that he cofounded PayPal, makes him a great candidate to trust in payment systems today. But this will put all the power into his hands and then god knows what may happen from him.

Paypal is coffemoney. You can not build trust on it.

Quote from: rdbase on December 20, 2022, 08:14:47 AM

This poll setup by Elon was really a ploy to see how the platform performed against what he was striving to condemn in the first place:

https://www.bbc.com/news/business-64034892

Some were saying put Jack Dorsey back as CEO however this might end Elon Musk will remain the owner and have the last say on everything that happens at the company, regardless if he steps down as CEO or not.

I say Jack Dorsey's Block Inc was the biggest looser in my portfolio.

[moderator's note: consecutive posts merged]

Synchronice

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Quote from: rdbase on November 15, 2022, 05:46:02 AM

Funny thing is that the former CEO of now bankrupt FTX offered to help in the acquisition deal of twitter with him.
Yet he did not have the capital on hand to do so.

That's why his bullshit meter was redlining Cheesy

FTX guy helping Elon Musk to purchase twitter. I imagine Elon's face expression at that moment Cheesy

Quote from: rdbase on December 15, 2022, 07:12:40 AM

So Elon wants to make a payment system for the newly acquired twitter company.

Elon Musk is a businessman, not a messiah. While I admire him for his skills and talent, I think that everything he has done is for money and attention, to feed his ego. He is a great manipulator and marketing guru who knows what to do in certain moments. He is a person who can do something today to benefit from it years later.
At the moment, Elon Musk has a great reputation in the society, he is admired for his charisma, energy and people believe that all he want is good for people and somehow everyone forgets or doesn't give attention to the fact that he used crypto community and new investors to pump and dump crypto prices for personal profit.
So, the latest Twitter deal and his statement that he wants to return free speech, increased his popularity and reputation further. The fact that he "supports" cryptocurrencies which on another hand means that he even wants to make people independent from the government and the fact that he cofounded PayPal, makes him a great candidate to trust in payment systems today. But this will put all the power into his hands and then god knows what may happen from him.

rdbase

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So twitter is working on a coins system but using stripe's service to buy those coins.
Jack Dorsey definitely had some influence in this decision for sure.

https://twitter.com/wongmjane/status/1612698915933138945

As many in the comments have already stated, they are just copying reddit so to become a better twitter!

rdbase

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Quote from: panganib999 on December 22, 2022, 02:19:02 PM

He most likely have investments in crypto at the time that he's so bullish with shilling memecoins. Which he also them funneled into Tesla hence part of the reason for its high valuation last year. Now that he's done with crypto, or at least so it seems, I doubt he'd ever do anything to maybe even boost its popularity to the people. Especially now that people sre seeing him for who he truly is which is a trust-fund baby with anger issues and nigh-zero social skills. His credibility on the internet is waning fast and it's better now that he's leaving crypto alone instead of shilling it and dragging us along with him and his mess.

This is a new term I haven't heard somebody referred to him but from what I have seen about his past he certainly could be.
As a child he was carrying emeralds in his pockets to show to his class mates so that does show as being the sort at an early age from his upbringing.

But about the subject about him and his company owning bitcoin and what they are going to do with it, Tesla has been suffering lately with him selling off nearly $3.6bln of it's stock. So it doesn't look like he is doing to well after the buying of twitter.
https://www.forbes.com/sites/siladityaray/2022/12/15/musk-sells-nearly-36-billion-in-tesla-stock-moves-further-away-from-richest-person-title/?sh=2c4a04076015

So he might be looking to sell off some of that bitcoin he has on Tesla's books so to offset his losses on the sale of twitter to him.

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Quote from: ZAINmalik75 on December 22, 2022, 11:15:21 AM

Elon Musk is a businessman he only join those kind of things from where he get profit, he bought a large amount of Bitcoin and then he post news that Tesla will accept Bitcoin as a payment method, due to this news Bitcoin goes bullish and as a result all those Bitcoin who bought by Elon at the price of 8000$ from us, sell it on us at the price of 40000$. Which mean he just use the news to earn from Bitcoin and after that he revoke his decision. So main point is that Elon has no interest in Bitcoin and his price. He just use it for his own interest.

I totally agree that he has no interest in btc and didn't even have it on doge but that he just enjoyed getting some rollercoaster rides. Too bad I would have expected a man with a brain like his to have fully understood the true meaning.

panganib999

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He most likely have investments in crypto at the time that he's so bullish with shilling memecoins. Which he also them funneled into Tesla hence part of the reason for its high valuation last year. Now that he's done with crypto, or at least so it seems, I doubt he'd ever do anything to maybe even boost its popularity to the people. Especially now that people sre seeing him for who he truly is which is a trust-fund baby with anger issues and nigh-zero social skills. His credibility on the internet is waning fast and it's better now that he's leaving crypto alone instead of shilling it and dragging us along with him and his mess.

ZAINmalik75

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Quote from: Sithara007 on June 10, 2021, 11:20:27 PM

Quote from: kawetsriyanto on June 10, 2021, 06:39:40 PM

For many people, he is a real disaster. People blame him for the current big dump in Bitcoin price. Whether the dump is mainly caused by him or not, but inf fact after he tweeted about "Tesla no longer accept BTC payment", the Bitcoin price constantly declined. Well, he is a smart guy and an experienced businessman, I am sure he has planned this since the beginning. His purpose seems just to get attention from people around the world by doing this.

It is true that we received a boost when Tesla announced that they will accept BTC. At that time, the exchange rate was around $40,000 per coin (the increase from $8,000 to $40,000 was mostly due to PayPal). When Tesla reversed it's stance, the prices went back to the previous levels. n.

Elon Musk is a businessman he only join those kind of things from where he get profit, he bought a large amount of Bitcoin and then he post news that Tesla will accept Bitcoin as a payment method, due to this news Bitcoin goes bullish and as a result all those Bitcoin who bought by Elon at the price of 8000$ from us, sell it on us at the price of 40000$. Which mean he just use the news to earn from Bitcoin and after that he revoke his decision. So main point is that Elon has no interest in Bitcoin and his price. He just use it for his own interest.

rdbase

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^^
That's the thing, he buys out these companies and just installs another ceo in his place.
You see a pattern developing here? Now with twitter he is asking the public if he should step down.
Then who would replace him in this instance?
There is even Edward Snowden who has said he would take his place in the company if he were to be paid in bitcoin for the assignment.
Which is amusing in itself. He was the main reason why it became so popular when it did early on a decade ago.

borovichok

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Elon Musk is one of the top influencial men in the crypto and the world at large. He's capable of making negative and positive results on any projects in the space. He's highly respected and whatever comes out of his mouth is final and the multitude always listen to him. Having a thought about Elon musk either for Crypto or just attention to boost Tesla and spaceX. He's doing everything within his capability to grow up his companies and skyrocketing them to the moon. He's buying most top platforms and also stands as CEO of some projects in the space, he's untouchable.

rdbase

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This poll setup by Elon was really a ploy to see how the platform performed against what he was striving to condemn in the first place:

https://www.bbc.com/news/business-64034892

Some were saying put Jack Dorsey back as CEO however this might end Elon Musk will remain the owner and have the last say on everything that happens at the company, regardless if he steps down as CEO or not.

rdbase

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So Elon wants to make a payment system for the newly acquired twitter company.

source: https://twitter.com/cb_doge/status/1602755259193233408
Don't know if this is an older picture of him back in the paypal days with some photoshop done.

Could it include a cryptocurrency?
Notice the dogecoin symbol in the bottom right corner of the photo?

rdbase

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Musk is having a field day on his new platform in the past month hasn't he? With him tweeting about whatever he wants to and having a captivated audience at his disposal must be the sole reason for taking it into his corporate ownership in the first place.
Seen a tweet of his inregards to the FTX founder and former ceo of being bad at playing league.
Which I found fitting since he was found to be playing it during multi-million dollar deals while still ceo of the now defunct crypto exchange.

Mr.right85

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Quote from: rdbase on November 29, 2022, 06:10:19 AM

Quote from: TungTresa on November 28, 2022, 08:55:44 PM

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Well now it is whatever cryptocurrency he wants his companies to support then they will get these price pumps.
Doge coin has reached past $0.10 an increase of 8% within the past 24 houts and trending up since the news of wanting to find a payments system for his platform, so it is obviously in the front running of everybody who is into cryptocurrenies choice other than bitcoin.

He is wanting to take on Apple with the announcement of wanting to create in his own Tesla phone.
With all the problems they have been encountering with factory strikes and now this, it is literally the perfect time for him to say "I don't need your approval, I will just create my own resource to distribute the twitter app on my own!".

Now imagine if he solely said "I want to integrate only BTC on my platform!"

Possibly back to where we were a year ago above $50k again.

Musk has got a lot of mysteries about him and as I see it now, he can still make some coins pump. His gaining success in creating in the minds of people that, there are no alternatives as to what he decides to key into.

Like, we've got bitcoin and several altcoins but, upon Musk picking a coin, the idea of buying Tesla's products and even pay for Twitter verification with that coin standouts in our heads. Users or investors tends to forget about other traditional payment options available and seek the new medium. Best still, its a cryptocurrency and an increased demand would pump its value hence, its sort for.

Well the people who takes Musk too serious will always be there. I admire his inititiative towards money making but, he doesn't direct much to what I would do in terms of coins to own. Sole control in cryptocurrency is a bad idea as one could just dump the coin as he pleases.

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Quote from: rdbase on May 07, 2021, 04:40:39 PM

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge. Cheesy

She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Of course that is a right tingle that you got. I also think that he bought Twitter for 44 Billion dollars because he knows that its own single tweet can make Crypto and forex market like a Rocket. So in my opinion that by doing that he would make tons of money too.

rdbase

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Quote from: TungTresa on November 28, 2022, 08:55:44 PM

I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Well now it is whatever cryptocurrency he wants his companies to support then they will get these price pumps.
Doge coin has reached past $0.10 an increase of 8% within the past 24 houts and trending up since the news of wanting to find a payments system for his platform, so it is obviously in the front running of everybody who is into cryptocurrenies choice other than bitcoin.

He is wanting to take on Apple with the announcement of wanting to create in his own Tesla phone.
With all the problems they have been encountering with factory strikes and now this, it is literally the perfect time for him to say "I don't need your approval, I will just create my own resource to distribute the twitter app on my own!".

Now imagine if he solely said "I want to integrate only BTC on my platform!"

Possibly back to where we were a year ago above $50k again.

TungTresa

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I remember last year he said his company was considering whether to accept bitcoin payments, then the bitcoin price went up, then he announced that he wouldn't accept bitcoin payments, then the price went down. I really suspect he's playing a trick to make money from it.

Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 16. (Read 8403 times)