ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 3.

Odusko

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Quote from: Lubang Bawah on December 22, 2022, 10:07:21 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?

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.

TravelMug

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Quote from: Lubang Bawah on December 22, 2022, 10:07:21 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.

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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.

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Quote from: Ojima-ojo on December 21, 2022, 03:54:23 PM

Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

Exactly, I could understand if those which are holding large amounts of dogecoin care about every single movement of Elon as they are expecting that he decides to mention it on one of his Tweets and that such a thing could be more than enough to produce more hype for dogecoin, however for those holding bitcoin whatever Elon does should not be of interest as even if he has the power to move the markets we know that such a movement would be engineered on his favor so will need to exercise the utmost caution.

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Quote from: Ojima-ojo on December 21, 2022, 03:54:23 PM

Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

Pulling off his shares or investment on Tesla doesnt automatically means that he would be putting up those amounts on crypto investments whether it would be on Bitcoin or on Doge, no one really knows.

Its true that when it comes to uncertainties and current market condition which is really that very bullish, then it is really hard to make out some investment decisions on these moments which
i couldnt blame out on why people would really be having doubts on this one. Even into those whales and billionaires would be feeling out the same.

Its none of our business on how Elon would be spending up his money, its none of our concern on where he do put those.

Ojima-ojo

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Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

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Quote from: fullhdpixel on December 19, 2022, 09:31:41 AM

Quote from: coolcoinz on December 15, 2022, 11:15:28 AM

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

That is what everyone is saying that there might be a recession that will happen next year. True or not, it is always better to prepare for it. I think that is one of the reasons on why Elon musk sold some of his stocks but I don't think he will buy a Bitcoin. He don't like BTC anymore remember?

But, doge coin maybe though I don't think the quantity will be huge. He knows that doge coin is only just a meme coin and not something that can be considered as a safe haven when recession comes. About Twitter, those who leave are only the ex-employees but existing Twitter users are still there. Twitter is too useful for them to abandon it.

I don't think it's right to admit that Elon Musk doesn't like Bitcoin or won't own Bitcoin. Rather, I think quite the opposite.
Elon Musk's bet on Dodge, we all know it was a hype. If he really trusted him, he would have fulfilled his promise to accept Tesla for Dodge purchases. He promised that and did the opposite as he started accepting Bitcoin instead of Dodge.
Twitter is going through financial hardship, and Elon Musk is in need of liquidity to complete the repayment of loans and dues left over from the company's acquisition deal.

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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 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.

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How is this good for bitcoin, or going to prevent a global recession Huh

For all we know, Elon is already trying to save his ass and keeping some $ for himself as he is already expecting the worse when it comes to Tesla and his companies. It could be any reason Elon has but for sure bitcoin, or any crypto for that matter, isn't the reason. Perhaps that amount will be use to continue the shitshow twitter is right now? Whatever it is, I'm definitely sure it's not something related to cryptocurrencies.

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Quote from: coolcoinz on December 15, 2022, 11:15:28 AM

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

That is what everyone is saying that there might be a recession that will happen next year. True or not, it is always better to prepare for it. I think that is one of the reasons on why Elon musk sold some of his stocks but I don't think he will buy a Bitcoin. He don't like BTC anymore remember?

But, doge coin maybe though I don't think the quantity will be huge. He knows that doge coin is only just a meme coin and not something that can be considered as a safe haven when recession comes. About Twitter, those who leave are only the ex-employees but existing Twitter users are still there. Twitter is too useful for them to abandon it.

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Quote from: cryptoaddictchie on December 15, 2022, 12:53:47 PM

Is it bad on his side to sell his own stock of the company he own? Probably yes. This could trigger panic selling of others but what can we do? He may need the funds for running on business or other matter. For sure he will bought it back again when he have extra funds or the price plumetted after he sold his shares.

As far we can see I think when the news is showed up to the public, people already panic selling, this year alone tesla has a massive downturn 62% from the previous year. and sure I have same thing to say maybe he need to buy twitter or just need cash for take profit before its hit lower low again.

and i don't think Mr. Elon buy Btc at the moment, he also rarely tweet about crypto again Grin

we don't know, the fact we know that Mr. Elon already pulled out crypto payment from tesla and tesla itself already sold their bitcoin

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Quote from: Edwardard on December 16, 2022, 02:03:11 AM

Elon is now a clear overall bear since he expects a global recession according to his latest tweet. He must have sold his BTCs as well (along with tesla) in loss which he bought at 38-39k area. I wish he gets rekt (atleast by btc, if not stonks), and learns his lesson the hard way 😁. Dont pay too much attention to his words, he cant control the market for long even if he is the richest man on planet. 😉

What did he do to you that you have to wish he got rekt? He is not an economist, but he is the richest man on the planet, so it is normal for him to make predictions about the world economic situation, if you do not want to hear it, you can ignore it.
Whether he or Tesla sells bitcoin will be announced in their financial statements, they cannot sell arbitrarily like retail investors like us. And also need to reiterate that he is the richest man on the planet, so he knows what to do with his bitcoins, no need for you to teach him how.
But in the end, I agree with you: he can never control the market and doesn't love crypto as many would expect.

STT

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No chance sorry, though it would be a better idea now then his prior purchase on the whole hype cycle. Buy and use them sure would be good but I think the man has his hands full juggling social media rather then anything more practical like payment systems or electric cars even. The share sales are to fund his section of the Twitter buy-out which has left the stock-market into private ownership under his control. I believe he is by far the largest holder and so self appointed CEO of that company and he didnt get it cheap, the man is not poor but I doubt he is looking for things to buy right now imo.

He could have bought the Eiffel tower for billions and got a better yield back or any random large expensive object and it'd still he better then he likely realizes with such a large amount of capital put out for Twitter which isn't nearly as attractive as Youtube or similar. I think he can do it, make a profit from it all but over years probably and by his time line thats a bit of a waste. We'd all love for him to deploy BTC on that platform, put words into action as a real change to the world that'd be great to see but I'm doubting it currently; I bet he just adds alot of adverts and sells it years from now.

karabiber

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Elon Musk made a mistake by buying Twitter. He dived into politics with Twitter. He obviously made such a move for his economic interests. He may want to be more active in politics by buying Twitter. But everything has a price. $44 billion is a huge amount. I think Elon Musk sold his shares to complete this big money. He will not sell shares and buy Bitcoin with his cash. When necessary, he covers some of his losses with the doge. Elon Musk is not a market maker. He’s impact on the Bitcoin price is zero.

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Quote from: Lantind on December 18, 2022, 03:26:14 PM

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?

Another question is, is the Tesla company in big trouble? Because another problem faced by Tesla company voters is regarding the Twitter platform. Reportedly there are resignations of several employees. Does this have anything to do with the sale of Tesla stock? Elon owns so much company that he seems to have lost control of what he owns.

Its his money and its his rights and power on what he should gonna do on the companies that he do owns.It is really that we dont know on what are the things that are happening internally.

We do even have this recently.
Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter
https://www.entrepreneur.com/business-news/tesla-investors-tweet-to-complain-about-musk-and-twitter/441259

So it is really that correlated? Is Musk really taking the blame now? If we do see about selling off his Tesla shares for 3.5 billion then we cant really be that so sure
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? No one really knows honestly.
This is why lots of speculations and predictions around on what are the things that could potentially happen.Elon does really involved on lots of things and make out
some noises around the market.

Lantind

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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?

Another question is, is the Tesla company in big trouble? Because another problem faced by Tesla company voters is regarding the Twitter platform. Reportedly there are resignations of several employees. Does this have anything to do with the sale of Tesla stock? Elon owns so much company that he seems to have lost control of what he owns.

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Quote from: numanoid on December 18, 2022, 08:30:23 AM

Quote from: ajanwalker on December 18, 2022, 08:05:23 AM

Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

Elon has said bitcoin can make it, but after long winter. This means on next year or even 2024, we can say bitcoin would be still under $20k, remember when crypto crashed on 2018? The boring season or winter season that time last for 2 years, before bitcoin start rising again on last 2020

It may take 1-2 years for the bull market to come again for Bitcoin. We experienced the decline after 2018. Of course, Elon Musk knows this cycle and will position accordingly. I think that he will definitely make meme coin or different investments, not just bitcoin. Since these people have a lot of money, they may wait for a long time, but I don't know if we can be patient for this long. Bitcoin needs to see 11k as soon as possible, otherwise it is not possible to have a solid rise.

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Quote from: ajanwalker on December 18, 2022, 08:05:23 AM

Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

Elon has said bitcoin can make it, but after long winter. This means on next year or even 2024, we can say bitcoin would be still under $20k, remember when crypto crashed on 2018? The boring season or winter season that time last for 2 years, before bitcoin start rising again on last 2020

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Quote from: Jating on December 18, 2022, 04:08:44 AM

On the contrary, when we speculated that he could have bought some bitcoin, the price suddenly goes down.

So it make sense that we really don't know for sure that Elon sold his stocks to rebuy bitcoin, this is very far from what we have witnessed in the last couple of days. Dumps after dumps pulling the price again to $16,750. And so we shouldn't treat Elon's every move to be very positive with bitcoin. Maybe he is really out of the picture and will not re-buy anymore. Or if there are crypto that we will opt to buy, maybe it's not bitcoin.

The price usually falls and grows back just in case someone big wants to buy bitcoins. Especially since Elon has long been known to manipulate cryptocurrencies. But I don't think he's buying bitcoin now either, because I'm sure he bought it a long time ago and now he has no need to buy coins again. As for Tesla, we will find out about the purchase or sale in the next report.

ajanwalker

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Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

Topic: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 3. (Read 815 times)