Topic: Elon Musk statement on his Bitcoin holding - page 4. (Read 566 times)
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?
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.
So basically what you are trying to say, since Elon Musk sold his company assets there is nothing that would affect the market. Either it is Musk or his company and if they are holding billions of dollars worth of bitcoin then they can crush the market if they start booking their profit.Elon Musk can do anything with his money and his bitcoin holdings what i cannot understand is why he wants to register every move in social media.
I heard the other statement from Elon Musk that all payment that collected from some crypto user who bought tesla car using bitcoin will never be cashed, but now he just told that he has sold his holding from tesla.
I mean, yeah that is the bad thing that must know by most crypto user. There is chance for bitcoin crash a lot since there are so many instutional investor who hold bitcoin just because they are following Elon Musk suggestion.
I mean, yeah that is the bad thing that must know by most crypto user. There is chance for bitcoin crash a lot since there are so many instutional investor who hold bitcoin just because they are following Elon Musk suggestion.
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.
It looks like Elon Musk wants to test how easy was to sell a big amount of bitcoin, because if they weren't able to sell bitcoins they would be in big problems right now, so, that 10% sold from the tesla holdings was only an experiment, just to prove it was possible.
Now the question is, the $1.5B spend in BTC was from tesla, but how much does Elon musk invest from his pockets?. And should we consider this a market manipulation?
I'd assume he knows exactly how easy it was to sell Bitcoin. Tesla, and Elon are separate entities. Yeah, they are linked, but as far as I'm aware its considered a separate entity. In the UK we have limited companies, which are created to reduce the liability of the owner, and I'm assuming American businesses have a similar sort of system. Now the question is, the $1.5B spend in BTC was from tesla, but how much does Elon musk invest from his pockets?. And should we consider this a market manipulation?
Yeah, you should probably consider anything coming from the mouth of a billionaire as market manipulation. It doesn't mean that its accurate, but its something you should probably assume to a certain degree. He's successful because hes an incredible businessman. So, anything he says has the potential for personal gain.
Now the question is, the $1.5B spend in BTC was from tesla, but how much does Elon musk invest from his pockets?. And should we consider this a market manipulation?
Kinda considered that way, when you're very wealthy and trying to prove anything by either selling or buying.
He has not personally declared how much he estimated have invested in Bitcoin and other alts.
Tesla is a business he could use as an excuse to execute a market experiment.
Well, I could be wrong here. Just a mere speculations. As he said Tesla only wants to prove Bitcoin's liquidity.
Not HIS investment, it's Tesla's investment 10% of which was sold. And I'm not very sure about believing his reasoning for this sell. I will observe the company's movements about its BTC investment in the coming weeks, months etc. and then decide whether he is honest about it. Because it's an investment in the end and they could sell more of it, of course.
Well he could be a single person, but his words could influence a lot of people to decide whether to buy more or sell more.
Sometimes it is not the celebrity itself that manipulates the market, but rather how one's words could influence a lot of people just because they think that they should decide the same just because someone has a lot of wealth not knowing that it doesn't apply to cryptocurrency
Of course, Elon Musk has become one of the characters that affect the crypto world in a big way, one tweet about the Dogecoin made thousands of people buy the coin madly and its price increased fabulously.
What I mean here is that Bitcoin is not like a Dogecoin or the rest of the cryptocurrencies, Bitcoin is stronger than all of these and more powerful than one person or even a large group of companies can affect it. All governments have worked against Bitcoin from the beginning, but they could not stop it and they certainly will not be able On it in the future.
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.
That he is still his 90% investment of bitcoin holding. He just sold 10% of his nvestment. What is your opinion?
Just to clear that it won't right to use the word 'his hodling' or "He" as Elon is just CEO of that company and he don't have any control over those institutional investment. The correct thing is, "Tesla as a company to show their quarterly revenue, sold 10% of their hodlings, not Elon Musk. Also, 90% from the whole investment of Tesla is still on hodling, not 90% investment of Elon. Hopefully, OP get this now and edit this so that others don't get the wrong idea. BTW, CFO of Tesla said that they're happy to get quick liquidation of BTC when they bought as well as sold some of that. That means, more institutions will buy more BTC as they always had the wrong idea that BTC don't have huge liquidation for institutional trades.
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Well he could be a single person, but his words could influence a lot of people to decide whether to buy more or sell more. Sometimes it is not the celebrity itself that manipulates the market, but rather how one's words could influence a lot of people just because they think that they should decide the same just because someone has a lot of wealth not knowing that it doesn't apply to cryptocurrency
A very important thing to note here as everyone mention is that Tesla sold 10% of Bitcoin which is quite obvious you have to show your investors some realised profit from your investment otherwise profits in an asset like bitcoin isn't going to be liked a lot by the investors.
My main concern here is no matter he sells his bitcoin or not at the end of the day he by telling people that this and that coin will go moon is making crypto more speculative it's just showing people that crypto is a place to mint quick money and not an alternative financial system. Just making meaning less memes on doge and pumping it hard is sheer foolishness even if he hasn't sold it till now
My main concern here is no matter he sells his bitcoin or not at the end of the day he by telling people that this and that coin will go moon is making crypto more speculative it's just showing people that crypto is a place to mint quick money and not an alternative financial system. Just making meaning less memes on doge and pumping it hard is sheer foolishness even if he hasn't sold it till now
That's why we shouldn't take what these guys say seriously. They make explanations according to whatever is necessary at that moment. Small investors
We can't just help things if we keep them quiet because they are small and big investors and among all; public influencers. They must be listening to becasue they have some financial strength to push the market reasonably. If i may apply some financial laws here: Elon Musk and Tesla company are two different entities, i will rather believe that he -'Elon Musk' still holding Bitcoin while Tesla sold some percentage of it portfolio to prove some points to it stakeholders.
How can you clarify whether he say the truth or not? He can sell all of his bitcoin in one day and claim that he still holds them. Nothing we can know for sure. Even though I believe this man support bitcoin, nothing ensure us that he is taking profit for a short run
It does not matter if Elon Musk sells his bitcoin, Bitcoin will definitely not be affected by one person, no matter who owns bitcoin, bitcoin grew before Elon Musk entered the bitcoin market and maintained its growth over ten years despite government opposition and despite all the difficulties it faced in its history. Bitcoin has proven to be strong and stronger than all these hardships.
Of course, if Tesla sells its bitcoin it will negatively affect the market because people will think that the bitcoin will collapse and people start panic selling, but I am confident that in the end Bitcoin will hold together and come back stronger than it was.
Of course, if Tesla sells its bitcoin it will negatively affect the market because people will think that the bitcoin will collapse and people start panic selling, but I am confident that in the end Bitcoin will hold together and come back stronger than it was.
i like your line of thought here. i dont understand why some people seem to rely from elon musk on what may possibly happen to btc. btc has been here for years without him in the picture, so for those who are spreading fud because btc will collapse because of him, it will not happen.
people are giving meaning to whatever musk is doing these days, even simple tweet like in doge. people are buying.
from his tweet towards the selling of about 10% owned by tesla, i guess, he proved his point to his investors. i dont think we need to worry about the collapse of btc just because of this.
As i understand the problem is not with who is controlling it or who is going out from the market with his profit. The simplest thing is no one invest on something without the intention of profit. The problem is with us, we act too much panic when its not really necessary and start to take wrong steps or decision. Because of these wrong decision we get in trouble, so finally we are the reason of any kind of fall down not any individual person or group...
It does not matter if Elon Musk sells his bitcoin, Bitcoin will definitely not be affected by one person, no matter who owns bitcoin, bitcoin grew before Elon Musk entered the bitcoin market and maintained its growth over ten years despite government opposition and despite all the difficulties it faced in its history. Bitcoin has proven to be strong and stronger than all these hardships.
Of course, if Tesla sells its bitcoin it will negatively affect the market because people will think that the bitcoin will collapse and people start panic selling, but I am confident that in the end Bitcoin will hold together and come back stronger than it was.
Of course, if Tesla sells its bitcoin it will negatively affect the market because people will think that the bitcoin will collapse and people start panic selling, but I am confident that in the end Bitcoin will hold together and come back stronger than it was.
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.
Just because a correction happened people started to blame him for that without major evidences?
So far Elon Musk is being fully beneficial for crypto market. He helps to promote it, to bring more investors and he also put a lot of money from his own pocket and from his own company into bitcoin. I think those are important points to be satifisfied about and enough to not spread lies and envy on him. Anyway I'm not surprised, as there is already a popular opinion on the internet saying he should carry the world on his back for being rich and a successful entrepreneur.
So far Elon Musk is being fully beneficial for crypto market. He helps to promote it, to bring more investors and he also put a lot of money from his own pocket and from his own company into bitcoin. I think those are important points to be satifisfied about and enough to not spread lies and envy on him. Anyway I'm not surprised, as there is already a popular opinion on the internet saying he should carry the world on his back for being rich and a successful entrepreneur.
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.
Yup, that's two different things. And while Tesla sold some of its BTC it was not the entire share. Most people would have gotten shaken up a little when the market was in red a few days ago. In the end, what matters is the long term stance on this.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 fact that he stood up and commented about it means that he might care about his BTC investment. It is not like DOGE, his BTC investment is more than just a 'see market reaction' to troll tweets. Anyways, there seems to be more solidarity which is good news.
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