ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 2.

Quidat

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Quote from: OgNasty on December 29, 2022, 05:30:11 PM

With Elon beginning to receive margin calls for his Twitter loans, this might be quite interesting to watch. If Twitter ends up worthless and Tesla stock keeps falling, we may see a bankruptcy the likes the world has never seen. I don't believe that will happen though. I believe that regardless of Twitter or Tesla, SpaceX is going to be the real cash cow for Elon. Companies are going to pay anything to get operations on Mars when the time comes, whether for real purposes or marketing, and Elon will be there to cash really big checks. He just needs to be careful the next couple of years.

We dont know on what are the things that circles up into his mind as of this moment which whether he had prepared with those negative things or just simply accept it because thats how business do works and this is how business should really have that kind of risks.If his companies are really that making some bad or negative results into his capital or investment then its none of our business.
Pretty sure that he had some assets which arent known to us or to the public which it is really hard to believe that he would really be going down.In speaking about selling his TESLA stocks
then its none of our business if he does that.

OgNasty

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With Elon beginning to receive margin calls for his Twitter loans, this might be quite interesting to watch. If Twitter ends up worthless and Tesla stock keeps falling, we may see a bankruptcy the likes the world has never seen. I don't believe that will happen though. I believe that regardless of Twitter or Tesla, SpaceX is going to be the real cash cow for Elon. Companies are going to pay anything to get operations on Mars when the time comes, whether for real purposes or marketing, and Elon will be there to cash really big checks. He just needs to be careful the next couple of years.

_BlackStar

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Quote from: Falconer on December 29, 2022, 02:07:06 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.

I just want to know, is Elon Musk wise enough when investing?
Some of the other billionaires will even announce it like Saylor every time he buys a million dollar bitcoin, this is just something else I can think of.

Quote from: Falconer on December 29, 2022, 02:07:06 PM

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.

Even if Elon wants to invest then he knows what needs to be done, I believe that. I am not a fanatic of any activity he does, but he can move the market with his money. It's good that if Elon Musk still wants to invest and accumulate his bitcoin, but like everyone else - he expects huge returns.

tygeade

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Quote from: Falconer on December 29, 2022, 02:07:06 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.

Falconer

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Quote from: laurenB7742 on December 29, 2022, 11:44:05 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.

MoonOfLife

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Quote from: janggernaut on December 14, 2022, 10:17:56 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?

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.

poldanmig

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Quote from: janggernaut on December 14, 2022, 10:17:56 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 hard to guess what happened to Elon Musk to sell some of his shares, but I don't think Elon Musk will use them to buy altcoins or bitcoins on the market because if Elon Musk were to buy bitcoins or doge, of course there would be a fantastic price increase on the market considering the amount of money that Elon Musk got after selling shares but in fact we don't see that happening in the market right now, I think the sale of some of Elon Muskshares may be related to the acquisition he made on Twitter and it could be that the money was indeed used for Twitter payments or maybe it will be used to fund improvement twitter to be even better.

laurenB7742

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Quote from: janggernaut on December 14, 2022, 10:17:56 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.

Kelvinid

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Quote from: janggernaut on December 14, 2022, 10:17:56 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?

Nobody knows what his next plan is. Not even to say that he will invest in crypto that is why what he did couldn't affect the market trend.
Besides, he is not really aggressive in crypto, he was just in touch with Dogecoin but not with Bitcoin. Or did he put his money into building another business opportunity as he loved to do it rather got involved in crypto?

Not actually I see the truth when it come to social media announcements. He builds that company and I don't think he will leave that too easily.

Strongkored

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Quote from: S A KHAIR on December 26, 2022, 12:15:25 PM

Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

It has become a habit since he showed his interest in crypto even if it was only limited to profit but the steps he took were enough to have an impact on the market even though it was not big, like Dogecoin when he said something the price could go up some time ago. Only he knows the intent and purpose of selling Tesla shares, but surely his goal is to increase his coffers of money by investing in both crypto and new investments that he could be planning with the money from the sale of these shares.

adaseb

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Don’t know if you guys remember but Elon actually gave a heads up and you had an entire day to sell the top of tesla stock.

For those who don’t know he made a poll “should I sell Tesla stock to pay a huge tax bill and help us government”. And most people voted yes.

Stock holders were upset but when trading day came, the stock didn’t go down. Until Tuesday which started a huge sell off. But it fell slowly you had lots of time to get out.

So he hinted that the top was in.

Adbitco

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If i could speak Elon is a businessman and he knows how to venture into businesses, if he decides selling some shares doesn't connote any good impart to the entire crypto market rather if his intention is to invest that huge amount into bitcoin then there would be little changes although i doubt if he had plans to invest in dogecoin any more because we would have seen the wave flying all over just as he did on the previous move.

Yatsan

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There are chances that Elon would engage to this industry especially if there will be a clear trend on the market. But if it is for shallow purposes such as for bragging and such, I think that would be impossible. Musk is an influencial and rich individual both inside and outside this industry.

Quote from: GigaBit on December 26, 2022, 01:12:21 PM

Quote from: Vinaa77 on December 21, 2022, 02:59:33 PM

Quote from: janggernaut on December 14, 2022, 10:17:56 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 is possible that he will come back to buy Bitcoin or Dogecoin. But I think the sale of Tesla shares has more to do with new projects on twitter. Be it financing for the next stage or there is a problem to be solved that requires a lot of money. But I believe Elon is running a new project that costs that much, not to buy Bitcoin or Dogecoin.

Surviving the economic downturn is now very difficult for every investor. In this condition it is also very difficult to guess what could be the reason for such a decision of Elon Musk. Maybe he is now using a strategy that can lead to huge profits. What can Elon Musk do when the crypto market is long bearish? Will he sell TSLA stock and buy Bitcoin? Or is he working on raising capital for another business? He might be thinking of something better for Doge Coin. Everything is dependent on assumptions. I think these are business strategies that will never be revealed. Finally, it is very clear that he could not profit after buying Twitter in recent times. Maybe he is trying to fill this gap by selling TSLA stock.

It is more likely that he won't transfer some of his assets into this technology. What's more likely to happen is for him to use his resources and extra funds to cope up with crypto adoption. Since he has the money and influence, it would be easy for him to create a wave in this industry leading into profit on his end.

GigaBit

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Quote from: Vinaa77 on December 21, 2022, 02:59:33 PM

Quote from: janggernaut on December 14, 2022, 10:17:56 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 is possible that he will come back to buy Bitcoin or Dogecoin. But I think the sale of Tesla shares has more to do with new projects on twitter. Be it financing for the next stage or there is a problem to be solved that requires a lot of money. But I believe Elon is running a new project that costs that much, not to buy Bitcoin or Dogecoin.

Surviving the economic downturn is now very difficult for every investor. In this condition it is also very difficult to guess what could be the reason for such a decision of Elon Musk. Maybe he is now using a strategy that can lead to huge profits. What can Elon Musk do when the crypto market is long bearish? Will he sell TSLA stock and buy Bitcoin? Or is he working on raising capital for another business? He might be thinking of something better for Doge Coin. Everything is dependent on assumptions. I think these are business strategies that will never be revealed. Finally, it is very clear that he could not profit after buying Twitter in recent times. Maybe he is trying to fill this gap by selling TSLA stock.

fzkto

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Quote from: S A KHAIR on December 26, 2022, 12:15:25 PM

Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

It must be at least strange, when the owner of such a large company sells the stocks he owns. Such influential people don't do that without a reason. He probably knows something, maybe in the future he can buy his stocks back at a discount. About bitcoins, he's a bitcoin enthusiast who started the last bull season. So a lot of people expect him to be able to repeat such a party again.

S A KHAIR

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Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

MarjorieZimmermanGinger

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Quote from: Odusko on December 23, 2022, 11:43:52 AM

To me, this is not a big deal and this is not the first time CEO will want to sell their share and move on to some other thing, but since there is no move from Elon Musk in the direction of dogecoin or bitcoin it makes no big deal.
TSLA is a centralized company and the CEO have the sole right and access to the company accounts, this makes the CEOs do whatever they feel like and walk away even though, if the percentages sell off by the CEO will affect the value of their total company bound.

The US$3.95 billion sale of TSLA was originally designed by Elon Musk for the development of Twitter which he began acquiring. So there is no connection between selling TSLA and buying bitcoin as the OP says, let alone recession to the ongoing state of affairs. Elon Musk is a businessman, so many opportunities are developed to his advantage, so it's no wonder when he starts doing something that makes news on social media.

Even further, there is no relationship and correlation at all with bullish TSLA selling, recession and bitcoin buying, it all runs by itself, so forget what the OP said, because it has absolutely nothing to do with it.

STT

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He aint very bright then because BTC is the better investment. If he wants to go the dogecoin route he might as well go the whole deal and implement his own version of a crypto coin completely to spec. Placing a whale in a swimming pool will mean he pays far too much by disturbing a small market or pool of current investors, I dont think its a liquid situation for a global company to engage with. Perhaps if he was very light touch but he seems to be a man of dramatic moves not slight or incremental especially.
In the end it doesnt matter, one person is not a reason why for anything and Bitcoin is bigger then Elon or his various companies great as his ideas might be. Both the big companies I can think of revolve around government subsidy and contracts and he innovates better then government departments might have but not sure he is great beyond that.

macson

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Quote from: janggernaut on December 14, 2022, 10:17:56 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?

Elon saves cash by selling his Tesla shares! i think he's planning something with that cash. if speculating about whether he will use that cash to buy bitcoin or dogecoin then with market conditions that are bearish, he will definitely buy dogecoin, not bitcoin. with what happened in the past, he has always been crazy about that meme coin ^{(i mean dogecoin)}

Fatunad

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Quote from: TravelMug on December 22, 2022, 11:13:34 PM

Quote from: Lubang Bawah on December 22, 2022, 11:07:21 PM

Things that usually happen when there are sales in large quantities will usually cause turmoil, like we know that TSLA looks slow or can be said to be a failure because the public doesn't care about TSLA, and as we know that elon is more interested in investing in other coins like Doge and bitcoin. Let's see what will happen in 2023, can TSLA still survive or will they create a new project.

We don't have facts that Elon is interested on investing in Doge, so much with Bitcoin. His company already sold billions as well with their Bitcoin holdings month ago if I'm not mistaken.

Him selling his stocks doesn't mean he will re-buy any crypto for that matter, he could be using his funds to fund more project either in his other joint ventures. And also this billionaires will have to sell off from time to time to show that his company is liquid.

People are basing up on the history or past experiences and events on where Elon is involved, we've seen on how Musk did really make out some hype on Doge wayback which it cant really
be blamed on how people would really be that reconsidering on how things should really be interconnected specially that he had made out some dealings and hypes back in the past.
Its true that there's no way to confirm this and he's the only one do knows on whats up into his mind on why he had done such thing, whether he would be going into crypto investments
back or just pulling those stocks or shares for some other reason.

Topic: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 2. (Read 737 times)