Elon Musk statement on his Bitcoin holding - page 2.

Kasabus

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

Quote from: Willitivity on April 29, 2021, 03:51:42 AM

Telsa sells bitcoin to prove liquidity yet Elon Musk claims his personal stash of bitcoin is not touched. I remember he said one time he doesn't own bitcoin. Stories just getting twisted with each passing day.

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.

And besides, Elon has the right to do that and hide his holding. And I don't think it was important to know how much he is holding right, it was his choice to keep a secret. We never know his entire life, we even don't know what is doing with his Bitcoin. We do not need to argue If he denies that nor says that claims are right because he is the one who knows everything about what he is doing.

meanwords

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Quote from: Willitivity on April 29, 2021, 03:51:42 AM

Telsa sells bitcoin to prove liquidity yet Elon Musk claims his personal stash of bitcoin is not touched. I remember he said one time he doesn't own bitcoin. Stories just getting twisted with each passing day.

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.

Slow death

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Quote from: karanggatak on April 28, 2021, 05:52:23 PM

distinguish personal investment from corporate investment, what Elonmusk said is very clear and true so in my opinion, don't panic if there is news that Tesla is selling some of its investment in bitcoin because Tesla is a large company that needs profit to develop its company to grow.
after all, 10% of Tesla's total investment is only a small part of his total assets in bitcoin so don't worry bitcoin still has a bullish potential to the new ATH.

the thought that everyone should buy bitcoin to make hodl is making many people try to force others to do the same thing. if a rich person or rich company buys a lot of bitcoins people keep thinking that the company or rich person should make eternal hodl, but that is not how it works, anyone has the right to do whatever they want with their investment, they have the right to seek profit. people must understand this

Quote from: ?? on ??

Well, it looks like he's tired of Doge

to this day I wonder what he saw in dogecoin? I can not understand

Pamadar

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Quote from: acener on April 29, 2021, 02:37:42 AM

Just let him be if they want to sell their holding or investment let them do it they are free to do so,
Other investor would buy it back it could drive the price lower but it would recover soon.
Now I think Elon is playing with Bitcoin maybe he is done with Doge and wants to try creating waves on Bitcoin price.

Whatever he decide for his investment it's he's right or his company's right.

Their money their responsibilities, the problem is to those who keeps chasing his words from social medias, they are the one who are really affected, misconceptions or being allure by his words. Investment is a business that you really need to think of everything instead of relying with luck and other people's opinions.

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

Better than relying to anyone. Musk is just another big whale inside, he does influenced in many ways as there are
people who keeps believing on him as a business tycoon.

Willitivity

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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.

But Elon Musk has been indirectly responsible for the price increase that Doge has been experiencing in the last few days and weeks. But he does this indirectly so he might not get slapped with a lawsuit for influencing the market. Whether you like it or not, Doge won't reach this new height without Elon Musk constant shilling. Similarly, Elon Musk is using his tesla company to try and replicate something similar with Bitcoin. Telsa sells bitcoin to prove liquidity yet Elon Musk claims his personal stash of bitcoin is not touched. I remember he said one time he doesn't own bitcoin. Stories just getting twisted with each passing day.

RondoAnyar

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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

eXtremal

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Tesla greatly influenced the current state of bitcoin, imagine if Elon Musk decided to quit bitcoin, we would see a quarter loss of bitcoin's current good condition. But, like Elon Musk a good man, he's like telling the truth in his investments with bitcoin, if Elon Musk lasts longer with bitcoin it will make bitcoin much to be known.

Quote from: acener on April 29, 2021, 02:37:42 AM

Just let him be if they want to sell their holding or investment let them do it they are free to do so,
Other investor would buy it back it could drive the price lower but it would recover soon.
Now I think Elon is playing with Bitcoin maybe he is done with Doge and wants to try creating waves on Bitcoin price.

Well, it looks like he's tired of Doge, but playing with bitcoin is a tough thing, not only is Elon Musk the only rich person who goes into bitcoin, we don't know who the biggest bitcoin holders are right now, or if they're selling all his investments then there's always a whale coming down to buy. and it will recover only if Elon Musk quits bitcoin it could have an impact long enough, maybe a little similar in 2018.

[moderator's note: consecutive posts merged]

Ausgewielt

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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.

acener

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Just let him be if they want to sell their holding or investment let them do it they are free to do so,
Other investor would buy it back it could drive the price lower but it would recover soon.
Now I think Elon is playing with Bitcoin maybe he is done with Doge and wants to try creating waves on Bitcoin price.

Lorence.xD

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Quote from: Teslon on April 29, 2021, 01:13:59 AM

Elon musk never sell there bitcoin I'm 99.09 Sure

Any proof that will support or corroborate with that claim, there are plenty of reasons to sell bitcoin and if Elon sees it fit with his next agenda, I am sure that he will sell his bitcoin to prove a point.

Mahanton

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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 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?

Of course He wont really be accepting those words but rather deny that its for prove of liquidity as he say but who knows behind the curtain? You wouldnt know on whats up to his mind
but if Elon did really mean on what he said then he has a point and lets see if there would be some future sells on where Tesla had bought but honestly, who we are to stop them on doing so?
Its their bitcoin holding and its their money that had been spent so they do have the full rights whenever they do sell on.

rodskee

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

That's a clear statement mate and i think enough for us all to treat Bitcoin as a Gentle and promising asset , If Elon can say this for clarity then why not believe it?

Quote

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.

The thing is you cannot Blame them because

-First Elon is at some what trolling the market.

-Second His is one of the biggest Investors that open Bitcoin to big businesses .

Quote

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?

Proving about liquidity is enough answer , because if He really did sold all the bitcoin in His pocket? surely market is already dumping really hard now because maybe Paypal will do the same thing.

davis196

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Dave Portnoy is just another guy claiming that Bitcoin is some sort of "tulip mania" ponzi scheme.
"Last one HODLing Bitcoins"? What if there's no "last one"?What if people keep buying and selling Bitcoins until the end of human civilization?I know that there's a big possibility that Bitcoin might not survive in the next 20 years,but technology evolves and improves.Maybe Bitcoin in 2030 will be better than Bitcoin in 2021.Who knows?

Xinarae*

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Elon Musk never sells bitcoin but Elon Musk's two decisions took bitcoin to record heights. The world's largest cryptocurrency market has been on the rise since investing in bitcoin on top of that Tesla the electric car maker of Musk has recently decided to pay for bitcoin from buyers bitcoin has gained more momentum the world economy collapsed during the time of covid. At that time the prices of other cryptocurrencies including bitcoin also went down however, as soon as corona's push subsided the upward race started again.

Teslon

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Elon musk never sell there bitcoin I'm 99.09 Sure

Nivia1st

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Quote from: Stalker22 on April 27, 2021, 09:55:26 AM

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

He just sold 10% of his investment. Just becasue of spaceX needs funds.

He said: "Tesla sold 10% of its holdings essentially to prove the liquidity of Bitcoin as an alternative to holding cash ...", not because the company "needs funds". These are two completely different things.

As I read it, he wanted to (had to) prove to his investors and shareholders that Bitcoin holdings are as liquid as cash.

yes you're right, he just wanted to prove that bitcoin liquidity is good enough as an alternative to saving money. he had no plans to destroy the market. Elon knows that if the market crashes her investment will only lose. after all it's only 10% of his total investment and he still holds the remaining 90%.

chaoscoinz

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Even if Musk did do it, what could anyone possibly do to stop it? Bitcoin is valuable, so that means any one with enough Capital can buy in indefinitely. I'd like to remain optimistic though, and do believe in the original dream of the block father, and founder, Satoshi Nakamoto Son. There's a glimmer of hope that shines a the end of the tunnel, and even if Bitcoin doesn't survive the future, I'm certain another Blockchain project that shares a similar ideology as Bitcoin will.
I'd like to think Ethereum being the lead coin within the future, as Bitcoin has already set the standard.

Timelord2067

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I don't suppose you could post a link to the original tweet? Most people at the moment have the classic FOMO surrounding bitcoin and crypto in general. Bitcoin and altcoins to a large extent were created as a means to make electronic transfers / payments securely via a one way system with the block-chain / ledger as proof of that payment.

It's a technicality to say "Tesla" sold the bitcoins after it's owner/creator talked up the price. It's another thing entirely to hold coins just for the sake of HODLing them as he is doing. After all, there was a price surge a couple of years ago when ransomware demanded payment in bitcoin prompting companies to go out and buy BTC on spec just in case they were attacked.

I wonder how many & where those coins are now?

masphie

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-= OI =-

Many things made the price of bitcoin fall, and many also spread the issue of the falling price of bitcoin.
We can believe it or not about Elon's twitter reply (unless Elon provides evidence of his statement).
But we shouldn't panic, because the crypto world is like this (price ups and downs are common)

just_Alice

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I just recently learned about this liquidity stuff, though it might be just a quick excuse for what Tesla is doing.
If the initial purpose was to attract even more investors, then it's actually good and will have a positive impact on Bitcoin adoption. However, to make a strong point on Bitcoin's liquidity shouldn't Tesla constantly buy and sell Bitcoin instead of doing it just once? But maybe the company will do so, we don't know what will happen in the future.
On the other hand, let's not forget that Musk owns around 23% of Tesla shares, which means he definitely made a profit out of this too.

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