ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon?

wxa7115

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Quote from: LittleBitFunny on January 06, 2023, 12:40:17 AM

He has never been a bitcoin supporter, what he does, he tries to manipulate the market just for his benefit. We should stop following him and what he says, don't let him manipulate us anymore. If he buys bitcoin, I think it is not good for bitcoin and the market because he is just trying to make a profit, and he will dump it when he makes a profit.

I don't expect him to invest back in bitcoin, he should focus on his work and dogecoin, and let bitcoin grow without being tied to him, we are fed up with that news.

This is what many of his supporters in this market do not get, Elon is interested in this market only as a way to make money for himself.

And this by itself is not wrong as it is natural that we look for the most efficient way to reach our goals, and if Elon believes this market will play a role on his goals then he can invest in bitcoin or altcoins if he wants, however his fans do not see this, and instead they believe he is genuinely interested in this market and ready to support it, something we know is not the case.

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Quote from: OgNasty on January 04, 2023, 07:08:27 PM

I think Elon’s forced selling is coming to an end. It’s likely that yesterday’s action may mark the capitulation and bottom of the stock price. Its forward multiples have fallen from insane to reasonable and plenty of new products are on the horizon. I actually purchased some Tesla stock today for $111 per share and think that in 5-10 years this may be looked at as the last great opportunity to get in before Tesla took things to the next level.

it trades on emotion… Basically Tesla is as strong as ever. I don't like how Tesla exceeded its previous value, but look at record after record of car shipments per quarter and you'll be talking about how Elon is doing. When Elon sells 50% of his shares then you can say something. Elon is selling on the bare minimum and he'll recoup all of those parts with his performance.

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Quote from: Yaunfitda on January 06, 2023, 12:00:41 AM

Quote from: stomachgrowls on January 05, 2023, 05:24:22 PM

Quote from: Fundamentals Of on January 04, 2023, 08:21:32 PM

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

Yes, and it could be bad or good (making assumptions), we can also have our hunch on what Elon will do in the future. But for now, since he has sold his bitcoin and have been putting doge in his mouth for years now, I will also says that he is no longer a bitcoin supporter, not unless he shows proof again that he bought or his company started reinvesting again. And with that, he no longer can influence the market like before wherein every statement of his was taken very positively resulting in the price moving upward. Times has change and its better this way now. No manipulation whatsoever coming from this crypto influencer.

He has never been a bitcoin supporter, what he does, he tries to manipulate the market just for his benefit. We should stop following him and what he says, don't let him manipulate us anymore. If he buys bitcoin, I think it is not good for bitcoin and the market because he is just trying to make a profit, and he will dump it when he makes a profit.

I don't expect him to invest back in bitcoin, he should focus on his work and dogecoin, and let bitcoin grow without being tied to him, we are fed up with that news.

Yaunfitda

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Quote from: stomachgrowls on January 05, 2023, 05:24:22 PM

Quote from: Fundamentals Of on January 04, 2023, 08:21:32 PM

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

Yes, and it could be bad or good (making assumptions), we can also have our hunch on what Elon will do in the future. But for now, since he has sold his bitcoin and have been putting doge in his mouth for years now, I will also says that he is no longer a bitcoin supporter, not unless he shows proof again that he bought or his company started reinvesting again. And with that, he no longer can influence the market like before wherein every statement of his was taken very positively resulting in the price moving upward. Times has change and its better this way now. No manipulation whatsoever coming from this crypto influencer.

stomachgrowls

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Quote from: Fundamentals Of on January 04, 2023, 08:21:32 PM

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

Emitdama

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The reality is that it was optioned stocks and he would have to be forced to sell anyway. People are acting as if dude sold 50 billion dollars worth of stock just to piss people off or something as well when he did it, reality was that he had to pay his taxes, and the only way to pay 50 billion dollars would be selling that much stock.

In reality, this dude would not sell a dime of his stocks if he had the choice, and why would he considering how much it grows, and probably buys it back in regular shares as well, the only problem he has is the fact that some of the stocks he has is options, and turns into cash after the time runs out on them.

Fundamentals Of

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Quote from: CryptoBuds on January 04, 2023, 09:11:52 PM

Quote from: Fundamentals Of on January 04, 2023, 08:21:32 PM

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

Even he announced buying bitcoin, I hope bitcoin won't have any volatility. I really dont want bitcoin to be affected by a name. We should remember that bitcoin is decentralized, so don't expect someone to buy bitcoin, and its price will go up. If bitcoin is manipulated so easily it will no longer be decentralized, so don't expect that to happen.

But you're right, Elon has a lot of work to do, he's not a crypto guy. Many people are counting on him to save the market, I guarantee they will never make a profit as long as they follow him.

I also don't want the price of Bitcoin, and Bitcoin itself more importantly, to be attached to a name or names. Although this is not what Bitcoin's decentralization really means, it is really not good for the price of Bitcoin to be easily manipulated by certain personalities. That's why I don't celebrate with others when Michael Saylor makes a big purchase as if he is a redeemer. I won't also celebrate when Elon Musk would be purchasing as if he saves everyone from the bear market.

If this thing goes on and on, Bitcoin would eventually become another toy of the fiat elites and billionaires.

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Quote from: Fundamentals Of on January 04, 2023, 08:21:32 PM

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

Even he announced buying bitcoin, I hope bitcoin won't have any volatility. I really dont want bitcoin to be affected by a name. We should remember that bitcoin is decentralized, so don't expect someone to buy bitcoin, and its price will go up. If bitcoin is manipulated so easily it will no longer be decentralized, so don't expect that to happen.

But you're right, Elon has a lot of work to do, he's not a crypto guy. Many people are counting on him to save the market, I guarantee they will never make a profit as long as they follow him.

Fundamentals Of

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I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

OgNasty

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I think Elon’s forced selling is coming to an end. It’s likely that yesterday’s action may mark the capitulation and bottom of the stock price. Its forward multiples have fallen from insane to reasonable and plenty of new products are on the horizon. I actually purchased some Tesla stock today for $111 per share and think that in 5-10 years this may be looked at as the last great opportunity to get in before Tesla took things to the next level.

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Quote from: EdenHazard on January 02, 2023, 05:12:36 PM

Quote from: FanEagle on January 01, 2023, 02:49:22 PM

It is sad to see this guys name all the time here. I mean I understand he has a lot of followers and he has a lot of influence and I get it, but it is still sad. Normally we do not hear about jeff bezos or warren buffet or bill gates talking about crypto and we do not see their name here, but when it is Elon Musk, just because he had a few months where he took interest in crypto, we all think it is important to check his every move.

Even when it is not related to crypto, like him buying twitter or him selling his expiring shares, whne we are talking about these, people still think could it some how help crypto? Which any logical person would say no, but some people still wonder. It's really sad.

Since the doge pump through his single tweet going mad back in 2020 ... everyone seems to think elon has that power to lift the crypto price up overnight , people expecting to have the same thing right now to repeat but it's never coming ... you know what , elon could really say that 'i am buying bitcoin now' but how you verify that he did it for real? Nothing can verify that.

It's all about speculation , a wild one and involving the big name such as elon who had history with bitcoin in the past.

Besides at the time such a thing had impact because no one really was expecting it, now there are even bots fully dedicated to just monitor the Twitter account of Musk and if there is a positive mention of dogecoin then they will buy the coin immediately, so unless someone has that kind of level of obsession with Musk and the technical expertise to do that by the time you were to find out about this it would be too late and the price of dogecoin would have pumped already.

zaki12

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Quote from: ultrloa on December 29, 2022, 04:57:25 PM

Elon is a smart guy so most provably he will use his money on other physical investment which I think he can grow his money more. If there's something left with it maybe he can use a little percent for bitcoin investment but I doubt he will do that since maybe he's done with cryptocurrency. But we don't know what his plan so maybe let see what will be he's next move since provably he will make a noise on social media about his possible venture.

according to some news, tesla's biggest income is not selling its electric cars, but selling its carbon emission allowance in the usa to companies that need more carbon emission disposal capacity than their company's share and tesla selling its carbon emission quota to other companies, then the second is from bitcoin .

So if, for example, Tesla still holds bitcoin, the share of carbon emissions that it gets will automatically decrease because it is cut off by bitcoin assets and now Elon chooses to reduce bitcoin assets so that the share of carbon emissions does not decrease so that Tesla can sell its share of carbon emissions to other companies.

If it's clearer, just look at Tesla's company's income report carefully and look carefully so you don't panic, Tesla sells bitcoins to add big profits from the sale of carbon emissions, where Tesla gets a share from US regulators

Yes, Elon is smart in doing business
Very clever to take advantage of regulations in a country to get benefits.

EdenHazard

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Quote from: FanEagle on January 01, 2023, 02:49:22 PM

It is sad to see this guys name all the time here. I mean I understand he has a lot of followers and he has a lot of influence and I get it, but it is still sad. Normally we do not hear about jeff bezos or warren buffet or bill gates talking about crypto and we do not see their name here, but when it is Elon Musk, just because he had a few months where he took interest in crypto, we all think it is important to check his every move.

Even when it is not related to crypto, like him buying twitter or him selling his expiring shares, whne we are talking about these, people still think could it some how help crypto? Which any logical person would say no, but some people still wonder. It's really sad.

Since the doge pump through his single tweet going mad back in 2020 ... everyone seems to think elon has that power to lift the crypto price up overnight , people expecting to have the same thing right now to repeat but it's never coming ... you know what , elon could really say that 'i am buying bitcoin now' but how you verify that he did it for real? Nothing can verify that.

It's all about speculation , a wild one and involving the big name such as elon who had history with bitcoin in the past.

JoyMarsha

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Elon Musk should be left alone, please. Someone can sell his company shares without trying to link them to cryptocurrency. Investors in bitcoin shouldn't rejoice if he sells any of his holdings. Elon's finances are not about saving the world from economic recession and the downward trend in the price of bitcoin because he has other things (his companies, I assume) for which he needs money. He may not be the only person who can save bitcoin investors at this time, in my opinion.

FanEagle

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It is sad to see this guys name all the time here. I mean I understand he has a lot of followers and he has a lot of influence and I get it, but it is still sad. Normally we do not hear about jeff bezos or warren buffet or bill gates talking about crypto and we do not see their name here, but when it is Elon Musk, just because he had a few months where he took interest in crypto, we all think it is important to check his every move.

Even when it is not related to crypto, like him buying twitter or him selling his expiring shares, whne we are talking about these, people still think could it some how help crypto? Which any logical person would say no, but some people still wonder. It's really sad.

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Quote from: Hamphser on December 18, 2022, 04:37:59 PM

if these funds would be put up on Bitcoin or Doge investment or would really be putting up into other potential investment that he does have in mind?

Elon Musk is not focused on crypto at the moment. I'm not sure he used the money to buy Bitcoin or Dogecoin.

Quote from: Hamphser on December 18, 2022, 04:37:59 PM

Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter

As I said, he has too much company that he has lost control of what he owns. He seemed to want to rule the world with what he had. By buying Twitter, of course he was able to control some of the world's information. We know twitter users are among the elite or world leaders.
Not to mention talking missions to mars with SpaceX.

eaLiTy

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Quote from: MoonOfLife on December 29, 2022, 12:59:37 PM

~
He's having a lot of trouble with Twitter and his business, and he's selling stocks to deal with his financial crisis rather than turning to other investments. Elon has a lot of work to do and other investment opportunities, I don't think he will focus too much on bitcoin, which he can't manipulate.

Elon has manipulated the cryptocurrency market when the market was rising and made a fortune but the current sell off in Tesla is to compensate the loans he took when he was purchasing Twitter. He is the worlds richest person but he was not having liquidity when he was planning to purchase Twitter and many chipped in during that takeover and may be he is settling those loans.

Nrcewker

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Quote from: laurenB7742 on December 29, 2022, 10:44:05 AM

Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think. One more thing, Elon is a billionaire, and his assets are limited, he is not divine enough to be able to prevent a global recession. Don't idolize him too much, follow him soberly, or you will pay with your money when you hear what he says.

Elon is a whale who likes to manipulate the market for it’s own benefit. So if you follow him and go on his calls, then it won’t benefit you at all. It is also not necessary that whatever posts he make or whatever action he does will relate to crypto. So yes definitely people need to stop follow him. He just uses his brain and followers for his own benefits. Bitcoins will rise and definitely will grow. The marketcap of Bitcoins are sufficient to prove the capacity of Bitcoins.

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Quote from: tygeade on December 29, 2022, 02:29:36 PM

Quote from: Falconer on December 29, 2022, 01:07:06 PM

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

I agree that no wise investor will go "all at once", it is definitely against to the basics of investment principles. At the same time, I guess every whale investors must be getting FOMO right now as if anyone starts buying in large quantity then they cannot do slow buying for better prices. So, I am sure that Elon might be planning for some portion of that big money for bitcoin investments and they are already into accumulation of bitcoin.

Recently we touched $18k by mid of this month which was an clear indication that whales are in action out of FOMO. This trend will heat up slowly in the new year for sure.

It would be best if you recalled that Tesla is still holding a large amount of bitcoin, and their investment is not yet profitable for them at the moment. While looking at the stock market, all the tech billionaires are losing most of their wealth, and so is Elon, Elon also lost his position as the world's richest person when his fortune fell by $132 billion by 2022. I think he's in a lot of trouble on the business side, he won't be in the mood to invest in bitcoin and he's an excellent market manipulator, he wouldn't invest if he couldn't manipulate it.

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Quote from: Falconer on December 29, 2022, 01:07:06 PM

Quote from: laurenB7742 on December 29, 2022, 10:44:05 AM

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think.

We don't know exactly where he wants to spend the money, whether it's to pay taxes or whatever he wants including investments. Elon is a smart guy, we are too stupid to think he is stupid and we are always under him. But that doesn't mean we need to follow every step of the way.

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

Elon is a smart guy so most provably he will use his money on other physical investment which I think he can grow his money more. If there's something left with it maybe he can use a little percent for bitcoin investment but I doubt he will do that since maybe he's done with cryptocurrency. But we don't know what his plan so maybe let see what will be he's next move since provably he will make a noise on social media about his possible venture.

Topic: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? (Read 797 times)