Elon Musk statement on his Bitcoin holding

DarkDays

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Quote from: imstillthebest on May 04, 2021, 07:29:20 AM

Quote from: RondoAnyar on April 29, 2021, 03:48:42 AM

why does elon musk say that, it looks like elon musk doesn't want to lose his profit in bitcoin. i think elon musk has a secret in his statement, so i don't think too much trust statement like that keep doing the best and according to your own ability

he replied to the guy that tagged him but his reply is also for the people that spread lies .
do you read the tweet ? its not elons btc that but it was the teslas btc that they sold and they sold not because of profit but it was for a reason . elon musk have his personal btc investment and he dont differ to us . we all invest in btc because we want to earn and not invest to loose .
i believe in elon musk but it was up to you guys if you will do the same .

I get your point, but unlike many of us Elon Musk is not struggling for money. He's an investor of a huge scale and to him investment into an early stage endeavour which can give him phenomenal return isn't much to him.

Let's not forget that everyone has their 'skin in the game' and they'll act in whichever way to protect their future gain.

imstillthebest

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Quote from: RondoAnyar on April 29, 2021, 03:48:42 AM

why does elon musk say that, it looks like elon musk doesn't want to lose his profit in bitcoin. i think elon musk has a secret in his statement, so i don't think too much trust statement like that keep doing the best and according to your own ability

he replied to the guy that tagged him but his reply is also for the people that spread lies .
do you read the tweet ? its not elons btc that but it was the teslas btc that they sold and they sold not because of profit but it was for a reason . elon musk have his personal btc investment and he dont differ to us . we all invest in btc because we want to earn and not invest to loose .
i believe in elon musk but it was up to you guys if you will do the same .

elisabetheva

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Quote from: Republikcoin.com on May 03, 2021, 02:24:10 AM

All the impacts of what he did in cryptocurrency in the past, can also be used as a reference for him to test how strong his influence is on the world of cryptocurrency. He can measure his power to control the world of cryptocurrency, because we understand very well that no one knows the amount of digital assets of a person who owns cryptocurrency. This advantage can be used by Elon Musk to maintain the rate of Bitcoin so that he can still sell it at a higher value.

In terms of income and total assets, I think it is the privacy of everyone who does not need to be shared with the public.

With the strength he has, namely his many followers on social media, @elonmusk always tries to be able to influence with his tweets with the clear assumption that he can do what he wants, so that what his target can be achieved and we don't know that. I think it is true that the colleague said above that @elonmusk is trying to find out how strong its influence is on crypto. although indeed people also know with the tesla company he bought a number of bitcoins for investment.

yes, with people believing that he has held a portion of bitcoin, of course what he is doing is being able to make what is expected to be achieved at least his bitcoin investment can still be very profitable, obviously for other large companies also want to compete to be able to store bitcoin. such as news that Alibaba also intends to invest in bitcoin.

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Quote from: Sled on May 02, 2021, 08:01:58 AM

It is just like he is playing some trick on us and make people being curious about what he does and what he could do in the future. Because even me, I don't tell anyone, it needs privacy instead.

All the impacts of what he did in cryptocurrency in the past, can also be used as a reference for him to test how strong his influence is on the world of cryptocurrency. He can measure his power to control the world of cryptocurrency, because we understand very well that no one knows the amount of digital assets of a person who owns cryptocurrency. This advantage can be used by Elon Musk to maintain the rate of Bitcoin so that he can still sell it at a higher value.

In terms of income and total assets, I think it is the privacy of everyone who does not need to be shared with the public.

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Quote from: bryant.coleman on May 02, 2021, 07:51:08 AM

Quote from: mk4 on April 27, 2021, 09:13:24 AM

Take note:

1. Elon Musk probably haven't sold some of his bitcoin (based on his claim).
2. Tesla, as in the company, has sold some of their bitcoin holdings.

These are 2 very different things.

If that is the case, then I have another question. Elon Musk once claimed that he owns only 0.25 BTC, which he received as a gift from his friend. Has his holdings increased recently, or is he still owning just 0.25 BTC? It looks like Musk doesn't own any significant quantities of Bitcoin, so the topic of him selling his coins never arise in the first place. And also, as far as I understand, Elon is not required to reveal his individual holdings of cryptocurrency. He may need to mention about it in his income tax return, but then those returns are confidential.

He never tells us for sure nor to share it with the Tesla stakeholders. And in the first place, we don't have the right to urge him to speak about how much he owns and the profit. Because if that he says he owes nothing, nobody could believe as we are assuming that he holds a lot of Bitcoin more than the amount that Tesla company had.
It is just like he is playing some trick on us and make people being curious about what he does and what he could do in the future. Because even me, I don't tell anyone, it needs privacy instead.

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Quote from: mk4 on April 27, 2021, 09:13:24 AM

Take note:

1. Elon Musk probably haven't sold some of his bitcoin (based on his claim).
2. Tesla, as in the company, has sold some of their bitcoin holdings.

These are 2 very different things.

If that is the case, then I have another question. Elon Musk once claimed that he owns only 0.25 BTC, which he received as a gift from his friend. Has his holdings increased recently, or is he still owning just 0.25 BTC? It looks like Musk doesn't own any significant quantities of Bitcoin, so the topic of him selling his coins never arise in the first place. And also, as far as I understand, Elon is not required to reveal his individual holdings of cryptocurrency. He may need to mention about it in his income tax return, but then those returns are confidential.

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Elon musk tweeted already stated that he didn't sell his bitcoin at all and he would hold bitcoin for longer periods but who knows his privacy.

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Quote from: Reatim on May 02, 2021, 06:24:00 AM

Quote from: Bilgent on May 01, 2021, 06:19:11 AM

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

Actually we can't do anything about this issue if Tesla/Elon will sell their Bitcoin or not because none of us can hinder crypto owners action.
But what we have concern here is that the effect in the community specially from those weak investors and those manipulator, surely they will take this opportunity to turn the table into their position and the suffering public will once more crying in the end.
and Also Elon can admit or deny everything as long as here wanted because we are only here to speculate and wait for the result.

In short, let them do what they want with their holdings. After all, it is their assets. Even us, ordinary crypto users, we act according to what is advantage for us. The difference is that they have big influence in the market, whatever they say to the public, the public is usually taking it seriously. So if Elon just keep mum about the liquidation of 10% of Tesla's bitcoin, how are we going to know it, right? So just mind our own business and plan what would be best for our funds.

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Quote from: Bilgent on May 01, 2021, 06:19:11 AM

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

Actually we can't do anything about this issue if Tesla/Elon will sell their Bitcoin or not because none of us can hinder crypto owners action.
But what we have concern here is that the effect in the community specially from those weak investors and those manipulator, surely they will take this opportunity to turn the table into their position and the suffering public will once more crying in the end.
and Also Elon can admit or deny everything as long as here wanted because we are only here to speculate and wait for the result.

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Quote from: Timelord2067 on May 01, 2021, 09:40:09 PM

Question: Whose head would roll at Tesla if Bitcoin were to surge immediately after the bitcoin were sold?

Answer: No one's because no-one at Tesla does anything without Elon Musk's authorisation. It's his company after-all.

Saying Tesla chose to sell bitcoin is like saying the dog ate the homework which is a poor level of responsibility for Musk to take.

This is the correct interpretation of the circumstances but keep in mind there is a difference between Tesla the legal entity and Musk the private individual. It is very important to make this distinction when it comes to public communication. He knows that we know, but it's still important to stick to a certain set of rules in the external presentation. There is no way around that.

He has to act that way as he is already clashing with the SEC on many fronts. Now you may ask what's the issue if he said he decided it. Maybe there is no issue, just play it safe to not get things confused. I would do it the same way. That is why he immediately publicly added he personally did not sell any Bitcoin, and I believe that that is true. He has a huge bag I am sure about that as hell.

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Quote from: Fortify on April 27, 2021, 01:30:47 PM

Quote from: Imran232 on April 27, 2021, 08:45:57 AM

Lot's of people spread rummers that elon mask playing with bitcoin market and he exist after taking his profit. Peoples says elon mask sold his bitcoin to crush the market. But elon mask clear this matter by reply a same topic tweet. That he is still his 90% investment of bitcoin holding. He just sold 10% of his investment. Just becasue of spaceX needs funds. He just confirmed this news. So guys don't panic and don't spread rummers. I want to know what you guys thought about his tweet. What is your opinion?

Elon has worded this statement in a certain way, but as cryptocurrency is not a regulated financial instrument so he could be lying and nobody would ever be able to take any action against him. That's why he cannot spout rumors around Tesla any more, so manipulates cryptocurrency like Dogecoin instead. The fact that you instantly conflate "his" bitcoin with Tesla's bitcoin shows how he can get away with such things, it is effectively working as a money market fund within Tesla and he is not bound to much publication around the profit he takes. The fact that he is on the defensive should be more alarming than him ignoring it in the first place - he usually revels in controversy, he might want a longer time to sell off at the higher price.

Bulls eye 👁.

As long as he does not own an exchange I am pretty sure he can say whatever he wants to about any cryptocoin.

So he is having some fun.

Since it is 10% of Tesla’s BTC it is pretty much a no story.

If it was all of the companies holdings it would have more meaning.

I wonder if there will be a call 📞 for more restrictions on touting a cryptocoin.

Quote from: Chato1977 on May 01, 2021, 06:22:41 AM

Quote from: Bilgent on May 01, 2021, 06:19:11 AM

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

And that is Only 10% that is nothing compared to the remaining 90% .

And Tesla stands for Elon as Elon stands for tesla as well , so tesla selling is Elon's selling .

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Question: Whose head would roll at Tesla if Bitcoin were to surge immediately after the bitcoin were sold?

Answer: No one's because no-one at Tesla does anything without Elon Musk's authorisation. It's his company after-all.

Saying Tesla chose to sell bitcoin is like saying the dog ate the homework which is a poor level of responsibility for Musk to take.

Chato1977

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Quote from: Bilgent on May 01, 2021, 06:19:11 AM

Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

And that is Only 10% that is nothing compared to the remaining 90% .

And Tesla stands for Elon as Elon stands for tesla as well , so tesla selling is Elon's selling .

Bilgent

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Technically, he hasn't sold his Bitcoin, it was Tesla's. And I don't see any abnormality about it as it was just an investment in the end and they've made a really great deal of profit so far. But I'm not content about that the market can be manipulated too easily by these news.

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Quote from: slaman29 on April 30, 2021, 03:16:20 AM

Quote from: Ausgewielt on April 29, 2021, 03:07:34 AM

He is an expert, he know what he doing. I still believe that Elon Musk see something good about bitcoin. In my oppinion, use popularity to help increase the price of stock or cryptocurrency in order to gain profit isn't good behaviour. If he do that then he and his company image will become bad. I think he really interested to bitcoin and blockchain technology.

He is an expert in tech yes and building space tech etc but he is not an expert in Bitcoin and on wealth,,, I am so sure the decision came from his CFO or something similar in a financial position.

Even he admitted he got in late when surely he must have heard about it a long time ago and yet did not get in. So as an expert if he did not get in early, then he surely needs to be a better expert:)

LOL! He is not an expert in Bitcoin and on wealth? He understands it all including programming. I am not saying he is the best programmer, but he understands it. He also understands wealth and financial technology. I highly doubt he got in late.

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Quote from: Imran232 on April 27, 2021, 08:45:57 AM

[img width=]https://i.postimg.cc/9X9R0cXx/Screenshot-20210427-193846.jpg[/img]
Lot's of people spread rummers that elon mask playing with bitcoin market and he exist after taking his profit. Peoples says elon mask sold his bitcoin to crush the market. But elon mask clear this matter by reply a same topic tweet. That he is still his 90% investment of bitcoin holding. He just sold 10% of his nvestment. Just becasue of ~~spaceX needs funds~~ bitcoin liqudity according to his word. He just confirmed this news. So guys don't panic and don't spread rummers. I want to know what you guys thought about his tweet. What is your opinion?

From what I have seen, the company itself (TESLA) sold its bitcoin holdings right? So if it’s the company, then we shouldn’t say that it is Elon Musk. I do understand that he’s the CEO there and makes most of the orders that they carry out, but let’s talk about him personally. Although the last time I saw something about him owning bitcoins, he said it was just a few, and if I can remember clearly it is about 0.25 BTC.

Anyways, I don’t know whether he bought more bitcoins and added to his private holdings or if he has sold them all. Anyways, it’s not like they are not going to sell their holdings at some point, in fact every of these companies that are holding bitcoin as part of their assets can do that at any time.

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Quote from: Ausgewielt on April 29, 2021, 03:07:34 AM

He is an expert, he know what he doing. I still believe that Elon Musk see something good about bitcoin. In my oppinion, use popularity to help increase the price of stock or cryptocurrency in order to gain profit isn't good behaviour. If he do that then he and his company image will become bad. I think he really interested to bitcoin and blockchain technology.

He is an expert in tech yes and building space tech etc but he is not an expert in Bitcoin and on wealth,,, I am so sure the decision came from his CFO or something similar in a financial position.

Even he admitted he got in late when surely he must have heard about it a long time ago and yet did not get in. So as an expert if he did not get in early, then he surely needs to be a better expert:)

elisabetheva

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Quote from: meanwords on April 29, 2021, 10:12:05 AM

Well to be fair, Tesla's Bitcoin holdings is very much different from his own bag so his claims are valid. It's pretty obvious that he has some secret Bitcoins stored in but he just doesn't want people to know how much he have. I don't know the reason though.

In fact, it is the right of an @elonmusk to be able to keep what they have a secret and it doesn't have to be all published, as a businessman he clearly understands the situation and will certainly do so not to make an impact on him later and clearly with Tesla. many believe that @elonmusk holds a lot of bitcoins, it can also be seen from the way he sells Tesla which can use bitcoin. This clearly indicates that he does not want to buy through a broker because it will certainly be known to the public.

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Quote from: Ausgewielt on April 29, 2021, 03:07:34 AM

He is an expert, he know what he doing. I still believe that Elon Musk see something good about bitcoin. In my oppinion, use popularity to help increase the price of stock or cryptocurrency in order to gain profit isn't good behaviour. If he do that then he and his company image will become bad. I think he really interested to bitcoin and blockchain technology.

Maybe you are overestimating the qualities of Elon Musk, he really cares a lot about the value of bitcoin but technology is not a thing he loves because these values are too vague, most of us do not know where bitcoin can be most heavily used and developed, all information points towards one goal of increasing bitcoin's price. And when looking at sensitive interests like money and profits, Elon Musk acts like many others, using fame to achieve common goals, he is not as noble as you think, just looking at his statements is enough to understand the role of manipulation

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the way people interprete this top guys tweet is the real problem. meanwhile announcing a sell is for a purpose which people will see as negative but its not. you have to know what you are doing and not let these words get into you. dont expect Elon to tell you things the way it is, its his choice if he really wants people to know or not.

Topic: Elon Musk statement on his Bitcoin holding (Read 584 times)