Topic: Elon Musk statement on his Bitcoin holding - page 5. (Read 566 times)
The magnitude of his influence on public opinion in the West and not only significantly and only grows from year to year. His contribution to the development of cryptocurrency and its adoption for payments has given the market a lot more than many other famous people in the industry. So you should take his words literally. The guy believes in bitcoin and logically explained why he sold part of his assets. If such a person says "hold and do not sell" - then we should also think about it.
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.
2. Tesla, as in the company, has sold some of their bitcoin holdings.
These are 2 very different things.
Yeah, two different things, and the moment I read his reply I instantly thought, wait, why using the word "my" when they are actually not yours, but then I realized the guys have some real politician material in him that has just surfaced.
I remember one scene when one of those morons in y country said he donated half of his salary (about 3000 euros) to charity, wow, so much impressive, but his family had a fortune of a few tens of millions, same with Musk, no I haven't sold any of my bitcoins which up to date nobody knew I had and they might be just two or half of it, but I did tell Telsa to dumb a few thousand.
But, in the end, it's a free market, his company( that he is running like a dictator), his keys, his coins, his decisions.
It's f* obvious every of those so cheered investors in BTC will at some point dump their coins and take the profits in $, it's not like Grayscale is an entity with a wallet that can go around buying hotdogs with BTC.
Thats the point most people don't get, Elon Musk isn't Tesla,.
Oh yeah, he is.
If tomorrow he wakes up with a bright idea all cars tesla cars will have 5 wheels and 1 door and nobody will be able to stop him.
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.
Exactly it is! Elon holds bitcoin personally which he has not sold to the market. But Tesla indeed booked profit.
Musk isn't doing anything strange or outrageous in his tweets about bitcoin. Yes, he does have some influence because, it introduces some sentiment to the market to rally along but that's in traders. Your left to build your sentiments about his tewwts and should you go for a buy or a sell, its on you. One man can't move the market, he can only influence it by the sentiments the crypto community conceive about his investment plans.
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.
Exactly it is! Elon holds bitcoin personally which he has not sold to the market. But Tesla indeed booked profit. But I believe that was expected to many people. Tesla is a business organization and they are here to make profit. So it's no harm if they have liquidated some of their digital asset holdings to book some profit from their investments.
I believe Square or Microstrategy will also go down to the same road sooner or later. After all they are business entities and not a charitable organization. So if we cheer when they entered into the market, we should also be prepared for when they exit from it!
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?
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?
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.
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
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.
I am not sure whether it will be good or bad news in the future but if I can understand testla when he sold 10% of his investment from bitcoin because all companies want to make a profit as well as testla. because they have many employees who have to keep working and being paid.
but for a different elon, some people think elon as a pope which is really up to him to do what he wants to do because a billionaire is free to do anything and it is very difficult to prohibit doing something.
I can only take advantage of every available momentum from these billionaires.
I am not sure whether it will be good or bad news in the future but if I can understand testla when he sold 10% of his investment from bitcoin because all companies want to make a profit as well as testla. because they have many employees who have to keep working and being paid.
but for a different elon, some people think elon as a pope which is really up to him to do what he wants to do because a billionaire is free to do anything and it is very difficult to prohibit doing something.
I can only take advantage of every available momentum from these billionaires.
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.
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
Jump to: