Elon Musk is very rich and bitcoin dumping won’t affect is wealth to the extent that it will force him to sell them. The bear market has effect more on people that solely depend on money invested in bitcoin for their daily, weekly or monthly spendings.
Bitcoin shouldn’t be compared with other shit coins like dodge, they’re not in any way related as those shit coins can be dumped anytime by those with high percentage hodling them.
Topic: Elon Musk Wont Sell his Bitcoin (Read 1989 times)
I wonder why Elon Musk will sell his bitcoin. And Bitcoin is nothing to him. Elon Musk is the richest man in the world. He has no shortage of money. Bitcoin is bought by his friends in many cryptocurrencies. Alan Max bought lots of bitcoin. But he will not sell bitcoin now because he has no shortage of money, he will keep bitcoin for a long time.
Maybe he thinks that holding a lot of Bitcoin forever will save him and help him become more famous. A whales like Elon Musk can really play the market without worrying to lose their money, perhaps, they can afford it. However, whatever he does with his Bitcoin, people are not interested to know it, actually, we don't care. But believe me or not, Elon Musk is a wise person, he could trick us. he can pretend that he is holding till now, in fact, we don't know the truth.
Or maybe he's really one of the smartest, most intelligent minds in the world, and that he truly understands the underlying nature of a ground-breaking invention like Bitcoin. In the history books of the future, Bitcoin will be considered to be a breakthrough the same as the invention of the printing press, the telephone, the airplane, or the discovery that the Earth is round.
He's already said that Bitcoin is highly energy demanding. Elon Musk is intelligent so he isn't saying these things out of stupidity. He just has a utopian view of energy consumption being completely green. Bitcoin mining isn't a sector that will be going green any time soon therefore he has no need to prop up Bitcoin because it won't personally enrich him.
I'm sure he understands that a decentralized currency system is beneficial from government tyranny. It takes an elementary understanding of economics to recognize it.
Currently Elon Musk is one of the big whales and Elon Musk is very influential with the crypto market proven yesterday Elon Musk tweeted Doge and Coin Doge went up drastically but now the market is going down very deep I think with a market like this it is impossible for Elon to sell bitcoin assets.
I can say he has had a significant impact in the market although that has reduced but still his tweet does. If I want to sell, I won't make an announcement about that which I think Elon musk too won't do even if he sells.
Do you think Elon Musk has also contributed in this dump and has he already sell his investment?
I know that whales and people like Elon Musk already know what is next for the market and they take exit at points where ordinary people fomo In. I am sure he is selling his bitcoins too along with the other whales.
No one knows at which price exactly Tesla bought Bitcoin, when they announced it Bitcoin was trading below €30K.
If he sold one-third of his purchased amount that means already he made a huge profit from the Bitcoin market when it reached above €60K.
So, he can hold the rest amount easily without any fear, two-thirds of his share is enough to contribute to other whales.
I'm sure he will come again to influence the market when he will able to buy Bitcoin at his desired price. People like Elon Musk always know how to make a profit from the financial market.
I can say he has had a significant impact in the market although that has reduced but still his tweet does. If I want to sell, I won't make an announcement about that which I think Elon musk too won't do even if he sells.
Do you think Elon Musk has also contributed in this dump and has he already sell his investment?
I know that whales and people like Elon Musk already know what is next for the market and they take exit at points where ordinary people fomo In. I am sure he is selling his bitcoins too along with the other whales.
He's emotionally unstable so nobody knows that but himself.
He can afford not to be out. For him a million here or a million there is like for you buying someone a beer. If I were him I would not be out so that nobody can question my integrity. My word would be more important than 1% of my portfolio because he's probably just in with something like 1% maybe even less.
Selling off your Bitcoin in bear market like this, is not a wisdom, rather is another good entry point to buy and hold, just a matter of time, Bitcoin we boom again and Elon musk know what his doing and that is Rich are keep going higher.
I can say he has had a significant impact in the market although that has reduced but still his tweet does. If I want to sell, I won't make an announcement about that which I think Elon musk too won't do even if he sells.
Do you think Elon Musk has also contributed in this dump and has he already sell his investment?
I know that whales and people like Elon Musk already know what is next for the market and they take exit at points where ordinary people fomo In. I am sure he is selling his bitcoins too along with the other whales.
Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
Elon Musk Do not sell his bitcoin, he tweeted it means there is a possibility of any big movement influencing the market.
But nothing like that happened.
There was a time when his tweets had a big impact on the market.
Which we have seen to be. But now even such a big tweet of his has not had much impact on the market.
So I agree with you that this guy is losing value by promoting Dogecoin.
I can say he has had a significant impact in the market although that has reduced but still his tweet does. If I want to sell, I won't make an announcement about that which I think Elon musk too won't do even if he sells.
Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
Elon Musk Do not sell his bitcoin, he tweeted it means there is a possibility of any big movement influencing the market.
But nothing like that happened.
There was a time when his tweets had a big impact on the market.
Which we have seen to be. But now even such a big tweet of his has not had much impact on the market.
So I agree with you that this guy is losing value by promoting Dogecoin.
Elon Musk's tweet is not necessarily true, you shouldn't believe Elon's tweet because Elon Musk could just make news that he will sell bitcoin with the aim of lowering the bitcoin price and investors will release bitcoin at a low price and this opportunity is waiting to buy in large quantities ,
Even though Elon Musk is a big shark, Elon Musk's words often deceive and create a scene in the crypto market, so be careful in responding to Elon Musk's tweets, don't be easily influenced.
Even though Elon Musk is a big shark, Elon Musk's words often deceive and create a scene in the crypto market, so be careful in responding to Elon Musk's tweets, don't be easily influenced.
I don't care about Elon tweets, he can say whatever he wants like raising the price of Doge, but Elon tweets are no longer good for crypto and we have long abandoned anything Elon related. Without Elon then we also hold BTC for the long term.
We really should not care about elon's tweet. But we should be aware that elon's tweet can have an impact to the market. Though the tweet that was mentioned doesn't affect the market at that current time, that won't always stays the same. And that also doesn't mean that elon musk is losing his value. Maybe some other factors are still affecting the market that even elon musk couldn't change. Like for example the war between russia and ukraine, and etc. Elon musk already established a big name in his industry and somehow in crypto space, and I believe it's not just that easy for him to lose his value that fast. His tweets can possibly still affect the market, and we should not ignore that even if we no longer care.
I don't care about Elon tweets, he can say whatever he wants like raising the price of Doge, but Elon tweets are no longer good for crypto and we have long abandoned anything Elon related. Without Elon then we also hold BTC for the long term.
To be honest, for me, Elon Musk is one of the indicators of bitcoin. If he keeps it and does not sell, then the best time is ahead.
he is the best indicator of price rise for dogecoin, it is unbelievable that he just makes some twitter about dogecoin, it doesn't take many minutes for the price of dogecoin to increase a lot, days ago he said something on twitter and the price of dogecoin went up a lot , but he can no longer have influence on bitcoin, even if he does a lot of twitter the price of bitcoin doesn't move. in my opinion this can be a good thing for bitcoin, because it stays away from manipulations
@elonmusk says that he still owns all three crypto assets Bitcoin, Ether and Dogecoin and has no plans to sell them at all.
Those words had made the price increase slightly before finally dropping back down.
this leads to speculation that can vary widely, but I conclude that the current tweet is not as devastating as it was when he did this to doge, is it because everyone no longer believes what @elonmusk is saying? maybe everyone feels that what @elonmusk is doing is a hoax and investors don't believe it anymore.
Those words had made the price increase slightly before finally dropping back down.
this leads to speculation that can vary widely, but I conclude that the current tweet is not as devastating as it was when he did this to doge, is it because everyone no longer believes what @elonmusk is saying? maybe everyone feels that what @elonmusk is doing is a hoax and investors don't believe it anymore.
To be honest, for me, Elon Musk is one of the indicators of bitcoin. If he keeps it and does not sell, then the best time is ahead.
what do you mean by indicator of bitcoin, Elon is bad bell of bitcoin and the man never talk good and plan good for bitcoin and what is concentrating for is doge coins that is pushing ahead of bitcoin
He knows about the future of Crypto Currencies.Thats why he is going to hold for a longer period.Even I also think that this is the best idea to hold crypto otherwise we have to regret.
I am also holding my little amount of btc.
I am also holding my little amount of btc.
To be honest, for me, Elon Musk is one of the indicators of bitcoin. If he keeps it and does not sell, then the best time is ahead.
he is the best indicator of price rise for dogecoin, it is unbelievable that he just makes some twitter about dogecoin, it doesn't take many minutes for the price of dogecoin to increase a lot, days ago he said something on twitter and the price of dogecoin went up a lot , but he can no longer have influence on bitcoin, even if he does a lot of twitter the price of bitcoin doesn't move. in my opinion this can be a good thing for bitcoin, because it stays away from manipulations
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Look, bitcoin is an investment for Elon Mask. It is an asset for him. and another kind of share for him too. And that's a simple game that ultra-rich types play. Then don't sell their stocks or assets because they know if they sell they have to pay tax, but instead of selling their asset, they can hold it and take a loan from the bank by showing their holding. It is so simple, they don't need to sell their assets and pay the tax to the government. They get the money they need for expenses from the bank. It's simple, and when they need to pay the loan or interest, they sell some of their holdings and pay the debt. And again, they can take the load and live hapily. And he knows the potential of bitcoin and he knows the future will be made with bitcoin for him, so he holds the bitocin, which creates more hope and trust in bitocin for the investors who followed Elon Mask. That's my opinion; others can be different. Thank you.
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