Topic: Elon Musk statement on his Bitcoin holding - page 3. (Read 566 times)
It is common knowledge that It is quite easier for a man with little financial challenges to hold on to his investment (say bitcoin) through the highs and lows without even thinking of shedding off a little quarter to solve some problems. Elon Musk's is a wealthy and influential individual whose major problem is no longer finance, for reasons like this, there is a high possibility that his claims are true.
So, Elon Musk's shilling for bitcoin continues, which is a good thing because it means that other institutional investors will jump on board and pump the BTC price again. However, IMO, this is just like a defi degen, where pump and dump schemes can happen because he's a big player in the crypto market.
Still, I assume he can hold it for a longer period of time, and I can't blame him if he makes a profit during that time, as we are doing the same thing. Everyone is riding the pump they're doing, if we lose then it's our fault for riding the hype train without $DYOR.
Still, I assume he can hold it for a longer period of time, and I can't blame him if he makes a profit during that time, as we are doing the same thing. Everyone is riding the pump they're doing, if we lose then it's our fault for riding the hype train without $DYOR.
This is a statement that will be difficult to ascertain the truth. He can sell high and buy the dip, this kind of statement is just to be a defence mechanism. He is a businessman and profit will be his first goal
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.
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.
I believe that Elon Musk actually wants Tesla not to sell the Bitcoin that they have, but because Tesla is a large company that has investors other
than Elon Musk. So Elon Musk does have to accept Tesla selling 10% of the Bitcoin it owns. If we think selling 10% is not something to worry
about. Besides, I am sure that if the price of Bitcoin corrects again Tesla will buy more Bitcoin when the price is low. So there's no need to panic
about Tesla selling their Bitcoin.
I like how he says tesla did something like he wasn't behind that move.
I fully understand that Tesla is a company managed by a group of people and financial investments have to go through a vote but Musk's opinion has a lot if not the most value there so it's not like Tesla did something, it was Musk who ordered it. The only difference between his personal sales and Tesla sales are that Tesla sale had to be cleared by the board before it happened but in both cases the idea to sell came from Musk.
If he owes a big share in Tesla, he can still manipulate the whole team. And behind this Bitcoin adoption is might be his opinion and decision as well. I fully understand that Tesla is a company managed by a group of people and financial investments have to go through a vote but Musk's opinion has a lot if not the most value there so it's not like Tesla did something, it was Musk who ordered it. The only difference between his personal sales and Tesla sales are that Tesla sale had to be cleared by the board before it happened but in both cases the idea to sell came from Musk.
Elon Musk is a very successful person and this is how people being easily influenced by his words. He brings Tesla into the crypto world, he is no doubts about taking the risk because he knows that there is a bright future here.
And I believe that Elon doesn't just invest in Bitcoin and Doge, but probably he also invests in other altcoins.
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.
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.
It is real that what Elon Musk says always gives a certain influence to crypto.
From what he said, I believe that he hasn't sold any of his Bitcoins, but he also admitted that Tesla did.
Elon may be the owner of Tesla. But he and Tesla are still different. Tesla is however a company in which there are some certain interests that make them decide to buy and sell Bitcoin at a certain rate. And this is not absolutely the decision of Elon, but the decision of the Tesla Company. There were many parties involved, not just Elon himself.
I personally prefer to take the advantage of what Elon Musk does and also consider about what may negative sides of his statement and action in crypto. S, we can still be wise and careful enough in responding to what a public figure states, not really always believe 100%, but always do more research again about it and not only following the hype because of it.
From what he said, I believe that he hasn't sold any of his Bitcoins, but he also admitted that Tesla did.
Elon may be the owner of Tesla. But he and Tesla are still different. Tesla is however a company in which there are some certain interests that make them decide to buy and sell Bitcoin at a certain rate. And this is not absolutely the decision of Elon, but the decision of the Tesla Company. There were many parties involved, not just Elon himself.
from the many negative news about Elon, finally he made a statement which I think this statement can make people who spread negative news and hate Elon to be a little bit mum.
Haters will gonna hate, will never stop. I personally prefer to take the advantage of what Elon Musk does and also consider about what may negative sides of his statement and action in crypto. S, we can still be wise and careful enough in responding to what a public figure states, not really always believe 100%, but always do more research again about it and not only following the hype because of it.
I like how he says tesla did something like he wasn't behind that move.
I fully understand that Tesla is a company managed by a group of people and financial investments have to go through a vote but Musk's opinion has a lot if not the most value there so it's not like Tesla did something, it was Musk who ordered it. The only difference between his personal sales and Tesla sales are that Tesla sale had to be cleared by the board before it happened but in both cases the idea to sell came from Musk.
I fully understand that Tesla is a company managed by a group of people and financial investments have to go through a vote but Musk's opinion has a lot if not the most value there so it's not like Tesla did something, it was Musk who ordered it. The only difference between his personal sales and Tesla sales are that Tesla sale had to be cleared by the board before it happened but in both cases the idea to sell came from Musk.
Just making meaning less memes on doge and pumping it hard is sheer foolishness even if he hasn't sold it till now
There's no proof that Musk holds any DOGE, and from what it looks like, he never actually had any intention to pump this coins. He just posted memes about Dogecoin, because he posts all sorts of memes all the time, and crypto speculators decided that it's a good reason to buy Doge, so the price went up and it started a feedback loop: more price growth -> more memes & attention -> more price growth
You could say it's irresponsible from Elon to tweet about Doge, but I doubt he has any malicious or selfish intentions.
Here is the link to his tweet : https://twitter.com/elonmusk/status/1359519541219500033?s=20
Elon musk already tweeted his Twitter account that he didn't any bitcoin and already sold 10% tesla . But why he didn't sell his Bitcoin? May be an another smart trick of Elon musk in cryptocurrencies market.
obviously he made a lot of people wonder, because what he said did not match the reality that was done with his Tesla company, when at that time everyone knew that Tesla company had bought a lot of bitcoins, but at this time he said he did not have bitcoins. and it seems what you say is very true why he did not sell his bitcoins and only sells 10% of the tesla, what he did is clearly something strange and maybe there is a specific purpose.The purpose is they don't want people to get panic after tesla is selling their bitcoins and made a profit on it, they want people to hold since if major panic will happen after their actions made they will lose millions dollars on their accounts. So be careful on believing if they want to hype it and always take your profit if there's a chance don't hold because Elon or other influencial people hype it.
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.
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.
Also, the point he made is all but against Bitcoin. He said he wanted to prove (or Tesla wanted to prove) that Bitcoin is liquid enough to be a viable alternative for holdings on the balance sheet. This is true because the financial crisis was a liquidity crisis because of fire sales. Tesla easily liquidated 300 or so million without crashing the price. That's hit point and it's a good point in favor of Bitcoin.
Tesla has BTC listed as "digital assets" on their balance sheet. Elon has not disclosed the amount of BTC he personally holds.
Elon musk already tweeted his Twitter account that he didn't any bitcoin and already sold 10% tesla . But why he didn't sell his Bitcoin? May be an another smart trick of Elon musk in cryptocurrencies market. legendary
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Tesla could even sell all of their investment and nobody can say a thing about it. In the end, they don't have to HODL it. But it is really frustrating to see that Bitcoin price is so easily manipulated by these things. When they sell, the price falls and vice versa.
Yeah they are company seeking profit and the only reason they bought bitcoin in the first place is because they want to make profit either by holding it long term or short term it's all already planned beforehand. The market itself being influenced by big company like that dumping is kinda normal I think. There have been history of stocks that got influenced or manipulated by big investors so it's not really good to blame the bitcoin market of easily being manipulated meanwhile the very same thing has happened to other investment instrument.But what baffles me though, elon says it's tesla that sold the btc, but we don't even know whether he's holding some amount of btc or not.
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
As much as it is true that Elon Musk has so much influence and could, sometimes, make tweets that could move the market, so to say. I still believe that he actually didn't have any control over the markets. In situations, where his tweets caused the market to move in a certain way, I realised that he only played on the emotions of people. He actually didn't ask them to dance to the tune he played. They did that on their own accord.
Secondly, we should know that Tesla and Elon Musk's holding of bitcoin are separate and different. I do not think Musk sold his bitcoins
Did this news cause the price to rise? If so What percentage of this message affected the price?
I think we should just believe his statement. If he really said that he didn't sell his bitcoin, then it might be it. The price of bitcoin is still high as well, and i don't see why Elon want to crash the market, i don't think he want to ruin bitcoin when it's still so profitable like this. I bet he will keep it for long and gain more profit. And also, although tesla sold their bitcoin, they still hold a huge amount of bitcoin, and it will be very funny if they're talking about adapting bitcoin then sold it right? people will just lose trust and curse them. I bet they know that and won't do anything stupid.
There's always going to have assumptions that he would sell or have sold no matter what he would say though. And it's not worth it for him to also publicly expose his BTC address to prove it either but it's also going to be assumed that he sold his billions of Doge.
Its not going to matter because there is nothing anyone could do if he would sell. Are we going to condemn him for taking profit?
Yes,
HODL is to love god
Selling Bitcoin is to hate BTC, to hate btc is go hate god
I find it fascinating that more people step forward to defend Musk, than BTC any day in the normal HODL-vs-HATE meme war
I'm going to guess that MUSK owns more bots for his defense, than any other bot army on this forum
MUST is TSLA he makes all the decisions, to suggest that TSLA & MUSK are divorced is stupid
Musk said he sold $100M after he said he sold none, financial press said he made $272M profit, so he obviously sold more than $500M
Just a week ago in Texas the car that crashed and killed two, Musk said the auto-pilot was OFF,
Musk is a habitual liar, but who cares right?
Lastly, TSLA 1st quarter report shows a loss, had he NOT bought BTC at the low, and sold at the high, TSLA stock would have tanked. So now Musk makes all his money trading crypto's to float his failing company's. This is not a new story. DeLorean did this years ago with Cocaine.
Elon Musk stated in a tweet that he did not sell his frozen bitcoin. It is unknown at this time what he will do after leaving the post. But for now, the cryptocurrency market is doing fairly well.
Tesla has BTC listed as "digital assets" on their balance sheet. Elon has not disclosed the amount of BTC he personally holds.
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?
You misunderstood what Elon Musk has said on his Twitter, he told that he did not sell any of his bitcoin, Tesla is the one who sold 10% of their bitcoin investment. A lot of people thinks that Elon Musk is just manipulating the market by just doing such things as what some are thinking but with this tweet hoping that things are now clear, but still no one knows that he is really saying the truth about his investment, we cannot believe by just a single tweet. Jump to: