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.
Topic: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 4. (Read 737 times)
December 18, 2022, 05:08:44 AM
December 17, 2022, 08:16:50 AM
Whether he buys or sells his Tesla stock, I don't think that we should assume that it will be more favorable for the bitcoin market because he'll use it to buy. Remember that he just purchased Twitter and I think he's still got a lot of balance on it for that acquisition made.
I wouldn't think that he'll use any penny on that money for buying bitcoin or any Dogecoin. He's got a lot of projects for his own companies and that could be more of the usage into those for funding.
I wouldn't think that he'll use any penny on that money for buying bitcoin or any Dogecoin. He's got a lot of projects for his own companies and that could be more of the usage into those for funding.
December 17, 2022, 06:38:32 AM
With great money power of course it's normal for elon to speculate, now he sells TSLA and makes the TSLA price drop significantly and the current price is only around 1.5 cents, we'll wait whether he will pump again or not, and if he doesn't pump again then it is likely that TSLA will drop deeper.
The current price of tesla stocks is around $150. I remember it was trading above $1000 when Elon reached the position of world's number one rich. (Not sure how many times tesla stocks got split out to multiply its circulating supply). Now the point is, either Elon is working on making tesla stock to be affordable to retail investors or selling or planning to buy back bitcoin like how he did with 1 billion dollars in 2021.We have witnessed in Elon's pump in dogecoin and this may be the time for him to focus on bitcoin. In my opinion, Elon might have studied and followed the business strategy of MicroStrategy and might have planned to invest in bitcoin at bottom price levels. So, personally I am expecting bitcoin is going to bounce back because it is time for Christmas and New year.
December 17, 2022, 06:36:42 AM
I guess he sold his TSLA stock so that he has some money to be used for Twitter that he purchased.
His businesses aren't as profitable right now and his stock is continuing to plummet (like other stocks are doing) so... yeah I guess right now, he needs more cash to remain liquid and in case he needs something.
Now I don't know where the OP got that speculation. I mean yes, we are in speculation section but to think that he will buy Bitcoin or/and Dogecoin just because he sold his TSLA stocks is just out of this world. I can't relate it at all. He's done with crypto now and if he wants to get involved into it, I guess adding crypto payments in Twitter is the way to go.
His businesses aren't as profitable right now and his stock is continuing to plummet (like other stocks are doing) so... yeah I guess right now, he needs more cash to remain liquid and in case he needs something.
Now I don't know where the OP got that speculation. I mean yes, we are in speculation section but to think that he will buy Bitcoin or/and Dogecoin just because he sold his TSLA stocks is just out of this world. I can't relate it at all. He's done with crypto now and if he wants to get involved into it, I guess adding crypto payments in Twitter is the way to go.
December 17, 2022, 06:13:12 AM
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?
December 17, 2022, 05:09:43 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. 😉
Yes, he has other problems now, and it seems to me that after the purchase of Twitter, as well as the huge losses of Tesla, Elon is definitely not interested in bitcoin right now. He is one of the richest people on the planet and a successful businessman, and such people invest in safer assets in times of crisis. I don't know if he sold bitcoins and at what price he bought it, but I wouldn't trust him either. December 17, 2022, 03:33:01 AM
With great money power of course it's normal for elon to speculate, now he sells TSLA and makes the TSLA price drop significantly and the current price is only around 1.5 cents, we'll wait whether he will pump again or not, and if he doesn't pump again then it is likely that TSLA will drop deeper.
December 16, 2022, 04:46:21 PM
I am pretty sure that he must had some issues to sell that much, he wouldn't sell otherwise. He was worth 300+ billion at some point, if he wanted to sell that would have been a better time to sell, in fact he could have sold 6 billion dollars worth then, and buy it back right now for half of it and all the stocks back, would worth it, and would still have the cash.
Selling right now means either he had to sell for technical reasons like it expired or something, or he just had to because he is in debt to pay some stuff like taxes or something. In any case, I doubt he would be buying bitcoin, he didn't sell for just wanting more money reasons I am definitely sure.
Selling right now means either he had to sell for technical reasons like it expired or something, or he just had to because he is in debt to pay some stuff like taxes or something. In any case, I doubt he would be buying bitcoin, he didn't sell for just wanting more money reasons I am definitely sure.
December 16, 2022, 09:00:57 AM
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?
What is the correlation between Elon Musk selling his Tesla stock and buying bitcoin. We all know that Eloo musk is an opportunist and also a great investor, a wise billionaire. Who knows if he has seen an opportunity somewhere else where he will invest. It could also be that he want to invest in his Twitter to take it to another level. In the other hand you may not be totally out of hand that he may decide to buy bitcoin or dodge with the money but I think the market is still at the centre of the bear. So Elon musk might not dive into the market now. I also wish to know how Elon selling his Tesla stock will prevent global recession. Does it sound like he is burning some coins to save his project? Lolz
December 16, 2022, 03:14:51 AM
Elon is very unpredictable, we can’t expect him to buy BTC any moment but I’m sure we will know that in time. If Elon us planning to increase his crypto holdings and its really a good news. For now, better not to get hyped and just focus on the price fact. Maybe there’s another reason why Elon sold his shares, that’s a huge amount of money.
but what if it goes sideways ? meaning instead of Bitcoin he invested in other coins? though it may not but what if?but actually Elon is truly unpredictable and there is surely a plan to earn more from this selling of stocks though it may be from other side of investing and not just in bitcoin.
December 16, 2022, 03:03:11 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. 😉
December 16, 2022, 01:52:13 AM
I still think he should've at least made SpaceX self-sustainable before exploring a Twitter buy.
Now he has two two money-losing corps to worry about. More, if you count Starlink (why doesn't he just merge this with SpaceX?), Neuralink, Boring Company, etc...
Well his bit aggresive I guess. You are definitely right. Imploring Twitter is his bad move too. That a lot of money he dwells when he purchase that and now seeing his needing cash for his other corps seems affecting him now. Maybe that how a whale plays over those finances. Now he has two two money-losing corps to worry about. More, if you count Starlink (why doesn't he just merge this with SpaceX?), Neuralink, Boring Company, etc...
December 16, 2022, 01:40:01 AM
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.
I still think he should've at least made SpaceX self-sustainable before exploring a Twitter buy.
Now he has two two money-losing corps to worry about. More, if you count Starlink (why doesn't he just merge this with SpaceX?), Neuralink, Boring Company, etc...
December 16, 2022, 01:18:54 AM
The reason why he sold is not to buy Bitcoin or Dogecoin. He sold because he had to for his Twitter purchase. He borrowed some money and used Tesla stock as collateral but when Tesla went down he had to raise more funds to satisfy the banks, or so I’ve heard.
So pretty crazy. He needs to sell Tesla stocks but by selling Tesla stock the price goes down further and he needs to sell more Tesla stock. And this is why many Tesla owners are upset that he bought Twitter because it doesn’t benefit them in any way.
So pretty crazy. He needs to sell Tesla stocks but by selling Tesla stock the price goes down further and he needs to sell more Tesla stock. And this is why many Tesla owners are upset that he bought Twitter because it doesn’t benefit them in any way.
December 15, 2022, 09:03:09 PM
Elon is selling stock because he has to raise funds for his Twitter purchase and keeping it afloat. He borrowed money and wants to be certain he can pay it back so he doesn’t accidentally bankrupt himself if Tesla stock continues to fall. For these reasons he will not be buying BTC with these funds. If he did decide he wanted more BTC, he would implement crypto payments on Twitter and keep a % for himself. This seems far more likely than a market purchase.
December 15, 2022, 06:16:53 PM
What do you think? Is this time for BTC bullish again?
I'm bullish all the time.
You can try to play the game and maybe you'll get lucky but it's still going to be their game. You don't control anything.
You take leveraged position and they'll liquidate you. You'll sell and they'll pump it back again like they did in 2021 when the price fell to 30k.
You can hold and they'll release some FUD to make the price go lower.
I refuse to play their game because eventually the price will go higher and higher. The only thing we don't know is when and how high before they crash it again.
As for Musk, he's a manipulator like the rest of them. When he tells you he bought it's because he wants to sell.
December 15, 2022, 05:52:12 PM
Elon is very unpredictable, we can’t expect him to buy BTC any moment but I’m sure we will know that in time. If Elon us planning to increase his crypto holdings and its really a good news. For now, better not to get hyped and just focus on the price fact. Maybe there’s another reason why Elon sold his shares, that’s a huge amount of money.
December 15, 2022, 05:46:36 PM
Not sure if it will be BTC or Dogecoin that he will rebuy. But let's assume one of it, but so far we haven't see any price action? So maybe not today, but we will have to look when the price of both BTC and Dogecoin will increase in the next coming days or month.
But the question is, will someone here know if Elon is really going to buy either or not that causes the price to increase?
So I guess we will not know the answer for sure so it's better not to speculate at least what Elon is going to do with that money as far as pouring it to crypto market. If he did, then good for us, if not, who cares.
But the question is, will someone here know if Elon is really going to buy either or not that causes the price to increase?
So I guess we will not know the answer for sure so it's better not to speculate at least what Elon is going to do with that money as far as pouring it to crypto market. If he did, then good for us, if not, who cares.
December 15, 2022, 04:03:23 PM
It depend the direction Ellon Musk decide to cycle the funds to, if he decides to sell off some of his company stock for whatever reason that is left for him and I don't see that having any impact on the price of Bitcoin directly.
I don't know about altcoins like dogecoin, but if dogecoin receives a strong buy-in from the proceed of the sale of stock it will definitely increase the liquidity of dogecoin and may result in its price increase.
I don't know about altcoins like dogecoin, but if dogecoin receives a strong buy-in from the proceed of the sale of stock it will definitely increase the liquidity of dogecoin and may result in its price increase.
December 15, 2022, 03:25:37 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?
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