Elon Musk Wont Sell his Bitcoin - page 3.

Biscutard

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Quote from: Ale88 on March 23, 2022, 10:57:30 PM

Quote from: seoincorporation on March 23, 2022, 06:12:32 PM

Quote from: macson on March 23, 2022, 12:05:22 PM

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Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Elon Musk has some impact just because the crypto market is full of people without any knowledge of this world, people who think they'll become millionaire in a few weeks, then at the first -5% they sell everything. If someone decides to buy or sell bitcoin depending on Elon Musk's tweets, well, I pity him, it means he's not able to think with his own brain. Luckily this kind of people will soon disappear because they'll lose everything.

People who thinks they can easily be rich just by following someone with prosperous social standing, are the people who have shallow mindset. Bitcoin is always unpredictable and it's up to the person of how will they manage their assets. With a lot of research and observations, you can learn anything about crypto market and just because Elon Musk decided for his own, doesn't mean you will follow. Elon Musk's tweet is for his perspective and personal interest and it may equivalent to something but one thing for sure, it's for gain.

Ale88

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Quote from: seoincorporation on March 23, 2022, 06:12:32 PM

Quote from: macson on March 23, 2022, 12:05:22 PM

...
Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Elon Musk has some impact just because the crypto market is full of people without any knowledge of this world, people who think they'll become millionaire in a few weeks, then at the first -5% they sell everything. If someone decides to buy or sell bitcoin depending on Elon Musk's tweets, well, I pity him, it means he's not able to think with his own brain. Luckily this kind of people will soon disappear because they'll lose everything.

dunfida

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Quote from: seoincorporation on March 23, 2022, 06:12:32 PM

Quote from: macson on March 23, 2022, 12:05:22 PM

...
Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Chance of manipulation would be always there and its true that he could really influence out on how this market moves and if news would be saying that Elon is selling his bitcoins or something that is attached with

something negative then its really impossible to say that market would not make out any significant reactions which is really very that common neither they would make out some movement
or would just simply ignore just because the community does know on that possible manipulative kind of act made by him just like in the past.

kawetsriyanto

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Can we believe his statement? I don't think his statement is trustable. Some people can state the opposite of what he does.
I suspect he plans to sell their crypto assets when he states to keep his BTC, ETH, or Doge. But who knows? We even don't care whether he wants to keep or sell their crypto assets. However, there should be an impact on crypto market if someone/company that has a big number of crypto assets trying to sell most of their crypto coins.

seoincorporation

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Quote from: macson on March 23, 2022, 12:05:22 PM

...
Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Viscore

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Quote from: Abiky on March 15, 2022, 01:33:38 PM

Quote from: virasog on March 14, 2022, 02:46:13 AM

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.

Of course he won't sell his Bitcoin (even though he criticized Bitcoin's high-energy consumption). He's not that stupid. I think he will try to "pump" Bitcoin's price over Twitter just like he did with Dogecoin since the beginning of 2021. But his efforts will ultimately fail as people are already sick and tired of him.

To say the least, Elon Musk is just "a needle in a haystack". There are greater "forces" on the market which greatly determine Bitcoin's price. It doesn't really matter what one person says or thinks about Bitcoin, since crypto/Blockchain tech is all about decentralization. Elon Musk, just like all the other whales, are holding Bitcoin with the hopes of becoming richer in the long term. Nothing new to see here really. I'd say we should focus on what matters most which is financial inclusion to anyone, anywhere in the world. As long as Bitcoin fulfills its purpose, nothing else matters. Just my opinion

Elon will not influence the market anymore. If he don't want to sell his bitcoin, maybe he's also waiting just like us for bitcoin price to reach its new heights. He knows the value of bitcoin more than dogecoin that's why he is hodling it till now. But who really cares about Elon? Bitcoin will continue to pump even without his tweet. People have learned already and won't ever trust again on big whales like him.

macson

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Quote from: virasog on March 14, 2022, 02:46:13 AM

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.

snip

Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up. Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

Zilon

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Elon owns lots of assets so if he chooses to hoard his Bitcoin, Ethereum or Doge then he can keep up to his words because he might not need to touch his coins as his electric cars is sufficient enough to handle any project he might intend to launch in the future. Bitcoin investment is actually sweeter in the hands of the rich

Ale88

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Quote from: virasog on March 14, 2022, 02:46:13 AM

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.

Besides the fact that I'm sick and tired of people who keep mentioning Elon Musk like the crypto world depends on him, I don't find this news surprising: he doesn't need to sell, he doesn't need money, why should he sell now to accumulate few other billions of dollars he doesn't even need? I find way more impressive the Average Joe who won't sell even though his life could actually improve, but the Average Joe doesn't post that on Twitter.

Abiky

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Quote from: mich on March 19, 2022, 02:21:52 AM

Completely understandable that Elon not selling his Bitcoin, he’s a very successful serial entrepreneur with billions of dollars behind him.
I would assume his portfolio is so diversified, he’s completely covered no matter what happens to the economy or his companies, either way he’ll be just fine financially.
I think for regular retail investors we have a completely different view point because of most people have very different financial circumstances and therefore make very different decisions what to do with their capital.

Elon Musk is filthy rich, so he can do whatever he wants without experiencing serious losses in the long run. He's willing to take risks with Bitcoin even though it's extremely volatile at times. Just like him, people believe Bitcoin will reach higher prices in the future. And let me tell you, they are NOT wrong. Bitcoin has outperformed every asset on Earth over the years, so it's likely we'll see a higher valued Bitcoin in the future.

By buying and "hodling" Bitcoin without selling, you're helping yourself achieve long-term prosperity. Those who sell BTC now, will miss the opportunity of becoming rich someday. Who knows if Elon Musk becomes even richer in the long run? Just my thoughts Grin

Cryptomiles1

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In my points who does he help or affects if he chooses not to sell off his btc. yes whether he sell or not the market still remains the same without him. maybe he could do this to those project he is into probably the holders will make some move for his announcement.

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Quote from: isaac_clarke22 on March 22, 2022, 04:59:31 PM

Quote from: wozzek23 on March 21, 2022, 04:21:19 PM

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In the end, it would be like only peanuts for him. It's not something he has worked for it anyway. He can buy whatever coin he wanted even the shitcoins if that's what he pleases to do so. I wouldn't call it indirect support to be honest though even if I can recall that Tesla adopted crypto payments in their business.

maybe with the wealth he has now, it seems easy to do anything, if now he wants to sell his bitcoins, it could be giving fud news to have many friends to sell it, so the price becomes cheaper and he can buy it back at a low price. although rich people, but every rich person of course will always try to increase his assets, but I don't know what he thinks, because before he acted outside the minds of many people in general

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Quote from: pokeronlinestatus on March 22, 2022, 04:09:22 PM

What would make him sell his Bitcoin? This is someone that has a lot of money to spare and if he invest in Bitcoin he doesn’t care whether the price is going up on or down. So, he’s definitely going to keep his investment rather than selling it, because that is definitely going to worth more than it is today in the next few years to come.

And even in the next few years to come if he shouldn’t see the need for him to sell it because he has a lot of money, then he’s still going to continue holding his bitcoins as part of the assets that he owns rather than just selling it. I also don’t have any plans to sell all my bitcoins, although I did sell part of it to take profit when the price was high.

What would make him sell? It would probably if Bitcoin fails to maintain its social contract with its users/HODLers/community. What is the social contract? It's debatable, but if you ask me, I believe they are, "There shall only be 21,000,000 coins", "Anyone can use Bitcoin, permissionlessly", "All users should have the ability to verify the rules of the network".

isaac_clarke22

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Quote from: wozzek23 on March 21, 2022, 04:21:19 PM

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In the end, it would be like only peanuts for him. It's not something he has worked for it anyway. He can buy whatever coin he wanted even the shitcoins if that's what he pleases to do so. I wouldn't call it indirect support to be honest though even if I can recall that Tesla adopted crypto payments in their business.

Captain Corporate

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Quote from: pokeronlinestatus on March 22, 2022, 04:09:22 PM

What made him buy, belief. He believed in the idea of bitcoin and assumed that it would be a great investment but also a great way to show support for something that he finds ideally great, and that is why he invested. Now that he believes in bitcoin, he will not sell it and thats fine. However, if one day he starts to question bitcoin and thinks that it is not a great investment or not a great idea then we are not going to see him keeping it. He talked about how it is not good for the climate because of the energy usage, and that could be one reason why he may end up not keeping his crypto in the long run, or maybe he will, we do not know. It will not come down to finances, it will come down to ideals.

pokeronlinestatus

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What would make him sell his Bitcoin? This is someone that has a lot of money to spare and if he invest in Bitcoin he doesn’t care whether the price is going up on or down. So, he’s definitely going to keep his investment rather than selling it, because that is definitely going to worth more than it is today in the next few years to come.

And even in the next few years to come if he shouldn’t see the need for him to sell it because he has a lot of money, then he’s still going to continue holding his bitcoins as part of the assets that he owns rather than just selling it. I also don’t have any plans to sell all my bitcoins, although I did sell part of it to take profit when the price was high.

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Quote from: virasog on March 14, 2022, 02:46:13 AM

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.

he sold bro, at first he sold when he thought he are in profit, but didn't announce at that time. After selling his Bitcoin he announced it and made a FUD over the crypto market.
I believe he bought again the dip. he is a truly generous person, at first he made us fool by promoting meme token then the made us fool by announcing his bitcoin banning decision on tesla.

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Quote from: virasog on March 14, 2022, 02:46:13 AM

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.

In my opinion, Elon Musk, or rather his analysts, are simply testing the market. When he was playing with tweets about Dogecoin, he got a lot of information about the power of his tweets at the time he writes about a weak coin. Now there has been a test of the strongest cryptocurrency and received information that it looks completely different.
I am sure that soon there will be tests of the impact of his tweets on other - less significant coins, but stronger than Dogecoin.

wozzek23

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Quote from: TheGreatPython on March 20, 2022, 09:14:26 AM

From his tweet he said that he is not going to sell any of his cryptocurrencies whether it is Bitcoin or Dogecoin. He’s going to continue to HODL them for as long as he wants I guess. So far I don’t think that he has sold any of his coins and it is possible that he will continue to hold for long.

It doesn’t matter how long he decides to hold one thing for sure is that it wouldn’t affect him at all because whatever investment he has made is something he can afford to risk in the market. Bitcoin is also going to continue to increase in value and we all know that. But, I am not trying to take any investment or trading advice from Elon Musk, I just do what I feel is right for me.

Dude used to worth 300+ billion dollars at one point, I doubt that a few billion dollars wouldn't hurt him and that was on Tesla, not his personal crypto account, his own could be a lot lower. Which supports the idea that he could just forget about it, like he spent it on something and he could just avoid looking at the price of his portfolio forever. That way he could make as much profit as he wishes to and not even sell it.

I am not saying that he won't sell ever, he could sell it eventually but that doesn't change the fact that he could just not sell even if he makes 100x and that is the power of wealth. We may sell in that case, but he doesn't have to.

What I really like on Elon Musk is, he may be doing these all for personal gain but agree or not, he is supporting this crypto space at least on indirect means which is priceless in my perspective as it may bring lots new people to get into bitcoin or into cryptocurencies somehow.

Ebede

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Talks about selling bitcoin is pointless, you all should watch your bitcoin grow rapidly.
I think he knows what's best bfor him to do, bit as a True bitcoiner, you shouldn't sell your BTC.
Rather you hold down for a longer time if possible trade some for profits and buy more of it.
It's an asset of the future.

Topic: Elon Musk Wont Sell his Bitcoin - page 3. (Read 1921 times)