Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 22.

macson

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Quote from: rdbase on November 11, 2021, 11:48:53 PM

So he ended up selling a portion of his stocks in Tesla estimated to be worth $50 billion.
https://www.cnbc.com/2021/11/10/elon-musk-sells-1point1-billion-of-tesla-stock.html
The news of this sent the price of TSLA in a downward spiral.
https://www.cnn.com/2021/11/10/investing/elon-musk-tesla-stock-sale-taxes/index.html

But this action by Musk was seen for months now but him putting it to a twitter poll just makes it so much more careless for those who hold any of this stock in his electric car company.

Elon Musk is a smart person, maybe he deliberately sold his shares in Tesla to make the price go down and then buy again ^{(no one knows when he will do this)}. since he said Bitcoin is bad for the environment a few months ago, i stop believe he really supports bitcoin, he's just trying to get attention and profit with the influence he already has.

rdbase

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So he ended up selling a portion of his stocks in Tesla estimated to be worth $50 billion.
https://www.cnbc.com/2021/11/10/elon-musk-sells-1point1-billion-of-tesla-stock.html
The news of this sent the price of TSLA in a downward spiral.
https://www.cnn.com/2021/11/10/investing/elon-musk-tesla-stock-sale-taxes/index.html

But this action by Musk was seen for months now but him putting it to a twitter poll just makes it so much more careless for those who hold any of this stock in his electric car company.

blatchcorn

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Quote from: rdbase on November 08, 2021, 09:18:59 PM

He is definitely looking to do something in retaliation to the government stating they wish to tax the rich.
So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.

USA govt is not that innocent that they will let MUSK run away with 20 billion USD unnoticed. He will definitely buy BTC from some centralized exchange where he can be traced and taxed. So I dont think this can ba reason.

Quote from: rodskee on November 08, 2021, 10:59:15 PM

I hate to admit the fact that Elon really makes this market a place circling his funds and assets , though I hate to believe that there is a chance that this tweet again makes the increase of Bitcoin price yet most of the currency he will

But the credit goes to crypto community for making him so popular in the crypto currency in such a short span of time after Craig White. We pay unnecessary attention on such people tweets and claims that serves their purpose.

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Quote from: rodskee on November 08, 2021, 10:59:15 PM

Quote from: rdbase on November 08, 2021, 09:18:59 PM

Did this tweet alone spur the 4% pump up in the bitcoin price when it was released?

Quote from: Syke on November 08, 2021, 06:26:05 PM

He is definitely looking to do something in retaliation to the government stating they wish to tax the rich.
So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.

I hate to admit the fact that Elon really makes this market a place circling his funds and assets , though I hate to believe that there is a chance that this tweet again makes the increase of Bitcoin price yet most of the currency he will going to mentioned makes always an increase(depend on what kind of statements either negative or positive) but the reality speaks that Elon is one big part of cryptocurrency , His popularity always affects the movement of this market.
anyway thanks for the heads up as i was still searching for the possible reason why we have made another ATH now and here you go bringing it here.

Same here, I hate the fact that with his bright mind he knows how to give a positive or negative impact on bitcoin's market, knows how to manipulate just with his simple tweet or statement just because he is a famous business man. But at the sametime, it made me realize to watch him closely about his statements about cryto-related stuffs so that I will know what move will I make to avoid losses and gain profits. Let's just accept the fact that he's making it to profit himself more and there's nothing we can do about it.
That tweet he did made the price upwards until now, so maybe we'll hit another ATH before this year ends.

shield132

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Quote from: ?? on ??

At first, I think he was there to support crypto. Back then, his tweets were really powerful and could change the shape of the market. But recently, I beginning to see that it was all for personal attention just to promote his own personal brands. Now, his tweets rarely move anything these days. However, that man could be very very influencial.

He is businessman, it's deep in his bones to gain wealth and fame. There were a lot of people who were the supporters of Musk because of his interviews, because of his super hard works (once he mentioned that his brain was hurting very much because of sleepless nights) but this man just proved that he is selfish and a person, who doesn't care about anyone and looks at others like his own pets.

Idk why people don't analyze his behaviors and still adore him. This man used the society to pump dogecoin, bitcoin, then just post one tweet to make you panic sell it and then bought it at dip. I don't really know what to say about this.

worldofcoins

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Quote from: decodx on May 07, 2021, 04:48:57 PM

Elon Musk is a cult figure for some of the smartest people on the planet. So what he's doing with the Dogecoin baffles me.
I mean, they say the Internet doesn't recognize any form of hierarchy, but I think Musk has delusions of god-like grandeur.

Most likely he's doing dogecoin-related stuff for his own amusement, He could easily make billions through his other businesses which he already has recently.
In any case Elon will continue to meme around Dogecoin for his own amusement and by showing public that how easy it is for him to play with the perception of many.

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Quote from: BITCOIN4X on November 09, 2021, 12:24:54 PM

Quote from: rizqoAD on November 09, 2021, 11:43:32 AM

As a person who always seeks public attention, Elon Musk really needs to do something like that because it can boost the popularity of his products. I think it's okay because it doesn't hurt anyone, it's actually good for cryptocurrency users as the popularity of cryptocurrencies is growing. With this news, the price of Bitcoin gradually rose due to external factors like Elon Musk did. I hope people or public figures like Elon Musk promote cryptocurrency by seeking public attention.

I can't believe he hasn't harmed anyone so far in your opinion. Take a look at what he did with Doge and Bitcoin a while back, are you sure no investors were harmed by his behavior?

I might agree with his presence in the crypto space, the interest of other institutional investors is growing. Obviously this was to be expected, but Elon Musk's behavior often send market bouncing where there are some people who are harmed.

Cant really be denied that this man could really move out markets even how hard we do tell about ignoring him.It cant really be just stopped that there wnt really be some reaction no matter what market he's been dealing into.Once he do make out some tweets then there would really be a specific reaction into it. People getting harmed or affected? Yes there are but he shouldnt really be blamed yet you havent forced to invest on that particular time.
Yeah, its quiet deceptive but you do have your own will to make out decisions.

BITCOIN4X

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Quote from: rizqoAD on November 09, 2021, 11:43:32 AM

As a person who always seeks public attention, Elon Musk really needs to do something like that because it can boost the popularity of his products. I think it's okay because it doesn't hurt anyone, it's actually good for cryptocurrency users as the popularity of cryptocurrencies is growing. With this news, the price of Bitcoin gradually rose due to external factors like Elon Musk did. I hope people or public figures like Elon Musk promote cryptocurrency by seeking public attention.

I can't believe he hasn't harmed anyone so far in your opinion. Take a look at what he did with Doge and Bitcoin a while back, are you sure no investors were harmed by his behavior?

I might agree with his presence in the crypto space, the interest of other institutional investors is growing. Obviously this was to be expected, but Elon Musk's behavior often send market bouncing where there are some people who are harmed.

rdbase

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But Elon does tend to seem like scum from time to time.
Just look at this article that Tim Cook of Apple stated that Musk tried to sell Tesla to Apple at one point in time.
https://9to5mac.com/2021/11/09/tim-cook-doesnt-recall-elon-musk-reaching-out
For a CEO saying he is all for his company and worked on the assembly line while sleeping at the office just to make deadlines this does make him look untrustworthy.

rizqoAD

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As a person who always seeks public attention, Elon Musk really needs to do something like that because it can boost the popularity of his products. I think it's okay because it doesn't hurt anyone, it's actually good for cryptocurrency users as the popularity of cryptocurrencies is growing. With this news, the price of Bitcoin gradually rose due to external factors like Elon Musk did. I hope people or public figures like Elon Musk promote cryptocurrency by seeking public attention.

rdbase

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There was a poll he did on his twitter asking if he should sell 10% of his Tesla stock.
Price of TSLA immediately dropped.

https://www.bbc.com/news/business-59209942
Investors Musked!
https://finance.yahoo.com/news/twitter-spoken-musk-sell-21-191936098.html

boyptc

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Quote from: rdbase on November 08, 2021, 09:18:59 PM

Did this tweet alone spur the 4% pump up in the bitcoin price when it was released?

Likely.

IMHO, it's the fans alone that had made the market reached new ATH and if it goes stable there. We probably haven't seen him yet doing what he's said.

I just like what we're seeing.

rdbase

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@rodskee It's not really a tweet by him but you know what I am getting at with showing this.
That is what is intending to do if they do pass a bill to tax the heck out of the richest in the US.
He rather sell his stocks in Tesla and transfer it into bitcoin so to not need to pay the $50 billion (reported estimates if this law came into fruition) out of his own pocket for holding that asset in back taxes.

rodskee

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Quote from: rdbase on November 08, 2021, 09:18:59 PM

Did this tweet alone spur the 4% pump up in the bitcoin price when it was released?

Quote from: Syke on November 08, 2021, 06:26:05 PM

He is definitely looking to do something in retaliation to the government stating they wish to tax the rich.
So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.

I hate to admit the fact that Elon really makes this market a place circling his funds and assets , though I hate to believe that there is a chance that this tweet again makes the increase of Bitcoin price yet most of the currency he will going to mentioned makes always an increase(depend on what kind of statements either negative or positive) but the reality speaks that Elon is one big part of cryptocurrency , His popularity always affects the movement of this market.
anyway thanks for the heads up as i was still searching for the possible reason why we have made another ATH now and here you go bringing it here.

rdbase

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Did this tweet alone spur the 4% pump up in the bitcoin price when it was released?

Quote from: Syke on November 08, 2021, 06:26:05 PM

He is definitely looking to do something in retaliation to the government stating they wish to tax the rich.
So he is looking for a outlet so to avoid doing so in curtailing the sell-off of his own companies stocks and putting it into bitcoin.

rdbase

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Elon wants to meet with Dorsey to discuss about bitcoin.
So maybe now he can knock some sense into this misinformed tesla corporation owner who ruined everything bitcoin related in the recent months to drop it 50% since his tweets. Roll Eyes

https://cointelegraph.com/news/elon-musk-agrees-to-speak-with-twitter-ceo-jack-dorsey-at-bitcoin-event

rdbase

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Comical view on how the crypto markets were harmed by the Boggoff twins and their "Elon Protocol". Wink

Conspiracy theorists would love this and probably will feed into their delusions. Grin

Enjoy!

Part 1:
https://www.youtube.com/watch?v=-OVPp4UY9BI

Part 2:
https://www.youtube.com/watch?v=Z-7JJyjQQoM

Part 3:
https://www.youtube.com/watch?v=KELLRxsttcg

rdbase

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Atleast he has stop tweeting about it for the past two weeks so it has time to recover back to nearly $40k again before his twitter tyraid against cryptos

https://www.youtube.com/watch?v=z54nvLcEtOo

kinvan f

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Quote from: Lucius on May 08, 2021, 08:08:38 AM

EM is a man who lives for profit and his companies that bring him profit - and if he has felt something in cryptocurrencies that can bring him even more profit, he clearly shows that he will make the most of such an opportunity. On the other hand, the media adores him because he has an army of blind followers who jump on his every word or tweet, and he himself does not hide how much he enjoys being in the spotlight - all this means that everyone makes money while the masses have fun - win-win situation for everyone.

For days I have been hearing from various sources that EM will announce something tonight that will, as always, affect the price of some coins - so I already have a feeling that one man is moving the market in the direction he wants - for some it may be fun, but such power in the hands of one man is not something I like too much.

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All actions are for profit. It's just a means for him to make money.

TribalBob

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the hype created by Elon Musk, there is nothing for now he just did the fundamental analysis but didn't think twice before making the decision
Elon rich people in the world maybe or I don't know, looking at the way He talks on social media lately it can be seen His intention, is to try to make people believe in him again, and He seems to be checking his popularity and attractiveness from people around the crypto community and now with his Posts

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