Topic: Elon musk is for crypto or just for attention to boost Tesla, SpaceX? - page 5. (Read 6547 times)

Quote from: Ale88 on July 21, 2023, 07:49:51 PM

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.

Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...

Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.

So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.

We used to have a hard time understanding this man's moves and schemes. And if his plans at the beginning of his career were crazy enough to achieve great successes for him, his current position does not provide good indicators at all levels: Twitter is a losing company that he bought for a ridiculous amount, SpaceX will not achieve profits before other years, Tesla suffers from multiple crises, the most important of which is the problem of producing batteries that could threaten the entire industry. All this and many still trust his investment decisions and believe that he is the wisest man.

Elon musk has an entrepreneurial mindset and that's why he could confidently invest in all these projects ignoring the fear of unknown. I like his courage really, and no matter how you want to put it, he can never be broke even if all these companies fail.
He is one that has always believed in cryptocurrency and has some BTC, Eth and Doge coins in a wallet tucked away somewhere.
In 2021 when Tesla purchased some BTC, it could be likened to a whale move and it effected a price hike to about 25% which recorded an ATH of $48,000 as at then. Although, it was because it announced it was accepting BTC payment for new purchase of Tesla vehicles with as low as $100 deposit.

When Tesla stopped accepting payments with BTC, the interest rate however dropped to 10%, this just goes to show you that despite the attention, a whale is a whale, and Elon and his Tesla and SpaceX are big whales in the cryptocurrencies ocean.

coupable

hero member

Activity: 2338

Merit: 757

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.

Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...

Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.

So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.

We used to have a hard time understanding this man's moves and schemes. And if his plans at the beginning of his career were crazy enough to achieve great successes for him, his current position does not provide good indicators at all levels: Twitter is a losing company that he bought for a ridiculous amount, SpaceX will not achieve profits before other years, Tesla suffers from multiple crises, the most important of which is the problem of producing batteries that could threaten the entire industry. All this and many still trust his investment decisions and believe that he is the wisest man.

Ale88

legendary

Activity: 2366

Merit: 2342

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.

Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...

Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.

So let's say that either way is probably just a temporary position. the final goal is always dumping all the coins. And to be honest it couldn't be otherwise, there is not a single reason to keep accumulating Doge. I understand he's so rich that probably he doesn't even know how much money he has but at the end of the day he's a business man (among many other things) so I don't think he likes losing money.

romero121

legendary

Activity: 3164

Merit: 1213

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.

Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...

Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.

He's an unpredictable person. Now the competence from threads would've been a major blow, soon we can see him on the cryptocurrency market. Initially he came for his products and not for bitcoin. Once again this can happen during these days. In between he supported dogecoin and manipulated the growth. Thats a big favour from him to the dogecoin holders.

coupable

hero member

Activity: 2338

Merit: 757

Very interesting choice so if it is the choice to go with there you can assume his other companies are next.
So we can see twitter accepting it as a source of payment soon as well.

Maybe I'm missing something, I mean, for sure I'm missing something because I keep not understanding why Musk is accepting Dogecoin over bitcoin. Dogecoin is nice if you want to tip someone online, but accepting it as a payment for something very expensive like a car? Unless the plan is to hype it up, as usual, and then sell everything. Same old story but people keep following any weird message from this guy...

Personally, I thought the exact opposite, because Elon Musk had in a previous period sold all his bitcoin savings to complete the Twitter purchase deal, and it would be better for him to continue accepting bitcoin payments for the sale of Tesla cars.
I think there are two possible explanations for this action:
- Elon Musk still owns a significant amount of Dodge Coin and seeks to raise its price as much as possible before selling it. This may be a result of the period when he began posting tweets supporting Dodge, only to find himself involved in a large amount of money after its price fell.
- Maintaining his supportive position for Dodge Coin so as not to appear manipulative.

Ale88

legendary

Activity: 2366

Merit: 2342