Topic: Elon Musk Wont Sell his Bitcoin - page 10. (Read 1921 times)

Right now, even Musk is moving towards the topic of the war in Ukraine, so he doesn't have much time for full-on hype over cryptos anymore. Not to mention that the topic must be hot to reach enough people. The screenshot shows a tweet that got 38 thousand likes in 7 hours, whereas Musk's most recent tweet regarding a challenge to Putin over Ukraine got 30k likes in half an hour already.
So there's just less hype over the crypto market and over manipulations on the market, and people got used to Musk commenting cryptos, so the marginal value of such tweets of his decreased.

Musk and news involving him never had any significant effect on bitcoin price though. The biggest thing we had was a drop after his FUD which was tiny but then Chinese FUD started and drop became bigger so a lot of people think he caused it!

Elon Musk is only one of whales on the market. There are not many whales that own 1000+ Bitcoin according to https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

However, it does not mean Elon Musk is the only whale who can have more than 1000+ Bitcoin. Honestly, I don't care whether he owns more than 1000 Bitcoin or not. He can be one of most famous whales because he has 2 big and famous companies behind: SpaceX and Tesla and huge followers on Twitter. Fortunately, if a nation in which very high hash power of Bitcoin located like China can not shut down Bitcoin network, Elon Musk can not do it. What people believe in is his tweets (do you can verify the truth of such tweets) and react or over react with his tweets because they are too vulnerable mentally as well as too speculative on the market.

Keep it simple with Bitcoin: invest, DCA if possible and HODL as strongest and longest as possible. You will see good price to take profit.

Or he maybe he believed that that tweet would make everyone, especially the plebs like us, to FOMO like his announcement during February, 2021. The difference is we might be entering another long bear cycle, which placing your bids near the 200-weekly SMA might be a golden opportunity.

I'm not sure what he thinks but yeah, Elon Musk had nothing to prove from us. Even he had a lot of Bitcoin and shitcoins in his wallet, we actually don't care. Well, if he doesn't sell, then that was okay, he knows what he is doing, I think. It was his decision anyway, we can't force him to sell either /or maybe he has a plan in the future and saying he and the Tesla company accepts Bitcoin again.

Actually he still thinks he has the same influential status in the crypto market from which he can turn on the stones into his side for his personal benefits but actually the self proclaimed genius is unaware about the fact that his short term influence is over bitcoin and now true bitcoiners don't give a shit about what he say.

He owns doge,want to make it official coin of mars his alien colony by 2024 and accepts it as payment for his company but the fact it's shitcoin doesn't change and the ETH have no positive impact on gas even after the latest hard fork which burns the coins.

He is actually trying to play double sided games by advising people to invest in some commodities rather than investing in bitcoin so that some price dips could make his position strong by accumulating more at low price levels.But if you are wise enough you don't get advices from people who don't understand it.

Once China was the main source of spreading FUD among the market like they have banned bitcoin several times causing dumps each time.They kick out the miners and the hashrates dropped but after few time everything becomes normal and now they are not China's monopoly.But the world now doesn't care about China at all so is the case with Clown Musk also so let him swing his way.

If your bitcoin investments are influenced by some other people then you should not invest in it because even if he sells the market would not collapse forever while the world is on verge of adopting it.So if you understand how the bitcoin growth is increasing you would not sell any soon.

Don't know if those one day pump days are over or not. Currently, the market is very volatile not only because of the war but also we are about to hear the interest rates increase announcement by the USA soon. This may further push back the bitcoin prices. In these times, this tweet by elon musk has no effect. In a bull market, we might have seen the different reactions to this tweet. What we know now is that Elon Musk not only hold bitcoin and dogecoin but he also hold ethereum ( he never disclosed this before)

Which is good.  Glad we are finally over with one day pumps.

But I take what he says with a grain of salt.  Remember he knew he had a specific impact on the markets depending on his tweets and yet he continued to manipulate them.  Had he used this manipulation to his own advantage, who the heck knows.  He would never admit it anyway.  How I see this is, he might only attempt another manipulation.

And besides making dog breed coins a trend, why are we giving him so much attention again?  He mostly contributed to manipulation and pump and dump schemes.

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Regards,
PrivacyG

It is quite reasonable that he is not selling any of his bitcoins and other altcoins because like us, we don't either want to sell it for this prices.
Can't argue about the fact that he can really influence the market, mainly dogecoin. But yes mate, who cares about his crypto possessions.

That's what it means he just put some sugar-coat above to make it look like a regular tweet for some advice but in reality, he's trying to fool us by putting his Doge in the same place with those two current heavyweights in the crypto market. Just like his other tweets, he is trying to prepare something here which means we need to avoid this man's claim, or else we might fall to his investment strategy and will become one of his helpless victims.

No doubt he has some control over price manipulation, so I always try to avoid the coins he holds. But not for Bitcoin which I hold tight. Because Bitcoin still has manipulation resistance than the shitcoin he holds. Trying to avoid what he tweeted is the best option for our investment, however long term investment should be able to get out of the price manipulation action.

Elon Musk had a big impact on the market at the beginning of the last bullrun, but now his tweets don't have the same effect on people as before. Although if he wrote that he was going to sell all his bitcoins, it would definitely have a negative impact on the market. The fact that he's not going to sell doesn't mean anything.

I believe you are right and no wonder that we can see some posts here where people now want to believe that Dogecoin is equal to Bitcoin because of people like Elon Musk and his Dogecoin rhetorics. I believe he feels if he throws Dogecoin in the same sentence with Bitcoin and Ethereum and something might happen with the price, else he would have just tweeted about Doge alone even though I don't think his focus is about selling but Hyping Dogecoin again.

there is another issue about bitcoin, yes, by a public figure who makes the price unreasonable in meme coins. When other people think that Elon Musk's real assets are selling his house and other assets for crypto exchange at that time.
and until now he still owns and holds it. I think this issue when it appears on twitter there will be a reaction in the market even if it is not long term. I hope the btc market will improve again and penetrate ath this week. fundamentals are not everything but at least there are the benchmark of the past (past transactions of a news) and I hope it will pump for bitcoin despite a deep correction

Who cares? It's your coins so it's your right to do anything whatever you like, Elon Musk can't control Bitcoin... if he want to control Dogecoin then I will let it be. It's just shame how many his followers really following his words, anything he wrote doesn't really mean he will do same. Just like people texting laugh while he actually under depression or crying.

He said he did not sell his other coins, including Bitcoin. But it doesn't matter to us. His popularity is not the same as before and no one trusts him like before and neither do I.  So there is no good or bad effect of the market in his tweet. he he. I think he has lost a lot of money by buying his fucking shitcoin which is why he has started posting about his Dogecoin again and trying to fool people into buying those coins.

Why would Elon Musk even sell his crypto? I am sure that he has plenty of fiat money and holding or loosing money in crypto will not effect his  wealth. The only reason why he would do it, is to troll crypto community. Also I think that he has friends, that hold crypto, but are not as rich as he is. If he triggers crypto price drop, his friends financial stability might get hurt. But in general I think that he is not interested in crypto as much as he used to be.

Since it's a reply from a tweet, wouldn't it be less exposed rather than tweeting it normally? Like starting off that certain thread?

For sure we don't care that much but the majority of people do. (Probably before especially when Doge was hyped) but not now, I guess.

I hate the way he’s grouped Doge in with Bitcoin and Ethereum. Perhaps in a devious way he’s trying to associate Doge with the big players in the crypto game ? I’m sure he knows the difference between Bitcoin and Doge and perhaps he’s realised he’s got millions of useless and pointless Doge and is working on a way of dumping it