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

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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.

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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.

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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.

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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.

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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.

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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.

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Quote from: OgNasty on December 29, 2022, 04:30:11 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.

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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.

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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.

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, 01:07:06 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.

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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.

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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.

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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?

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.

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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'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.

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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'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.

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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?

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.

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Quote from: S A KHAIR on December 26, 2022, 11:15:25 AM

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.

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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.

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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.

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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, 12:12:21 PM

Quote from: Vinaa77 on December 21, 2022, 01:59:33 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?

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.

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Quote from: Vinaa77 on December 21, 2022, 01:59:33 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?

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.

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Quote from: S A KHAIR on December 26, 2022, 11:15:25 AM

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.

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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.

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Quote from: Odusko on December 23, 2022, 10:43:52 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.

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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?

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)}

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Quote from: TravelMug on December 22, 2022, 10:13:34 PM

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.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Quote from: Sir Legend on December 17, 2022, 02:33:01 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.

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.

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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.

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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?

Does it have to be a compelling reason to link Elon to Bitcoin? although it cannot be denied that Elon always makes a sudden physical market, it does not mean that he really invests in it. What we see today always presume that Elon obliges tweet after tweet after fleeting fud. Avoid investing in that direction, if you believe in Bitcoin there is no need to wait for someone who is rich to take it. It doesn't matter whether Elon buys Bitcoin or not, the fact remains that the market is moving the way it should.

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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. 😉

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.

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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.

el kaka22

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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.

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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?

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

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Quote from: goaldigger on December 15, 2022, 04:52:12 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.

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.

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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. 😉

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Quote from: NotATether on December 16, 2022, 12:40:01 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.

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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.

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...

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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.

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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.

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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?

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.

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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.

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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.

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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.

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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?

I know that since some time ago the community has been obsessed with everything that Elon does but this is getting out of control, has Elon expressed recently any desire to buy bitcoin, dogecoin or any altcoin for that matter which could lead us to conclude that somehow this movement could be related to purchase of some assets in this market? If that is not the case then I think people need to slow down as this movement could have no relationship whatsoever with this market.

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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?

*snip*

Having enough dry powder to be able to completely run in a recession is Tesla's responsibility — the company as a whole(mostly their CFO). I doubt Elon Musk will even need to put in his own money to save the company if ever they mess up their financials.

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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.

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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.

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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?

NElon is not dumb to put his money on crypto that might serve as exit liquidity for other institutional investors that trapped on the peak. Also he still might have some crypto investment in his bag so putting that 3.5B is doubtful for a guy like him in time like this. Probably he will just re-invest it on different company since TSLA is already subjected with many negativity before then buy back later. Elon is known for selling off his stock before though.

Probably his action is purely toward global recession preparation or new investment opportunity for him since Tesla is just one of his company.

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Doubt it, he is way overextended and needs the cash to keep twitter running and a bunch of other projects from running out of cash.

Sell stock -> get cash -> put cash into operations of businesses that are loosing money every day they are open.

It works till you run out of stock to sell, then it all implodes in a big mess.

Sometimes it works sometimes it does not.

I would not think it's that big a deal considering the amount of stock he has, BUT since it was sold at the lowest point of stock price YTD that either means that he really needs the cash OR he thinks the stock it going lower.

No way to know at the moment.

-Dave

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Quote from: EarnOnVictor on December 15, 2022, 10:01:28 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?

I think we are giving Elon Musk too many references, why not do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some relevance for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught his cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

I don't know why you don't like him, but you're right, he doesn't love crypto like we do, he has way too much money to do other things and investing in bitcoin is only a small part of it for him. It's funny how many people constantly think that he has some sort of close connection to crypto, he is not the one who can make bitcoin go up.

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Elon Musk alone can't stop the global recession or it won't be stopped after all, the market will heal itself LOL. Maybe he's purchasing some parts for his rockets or fund it on his freedom of speech platform that he still censoring, we never know. The overall market sentiment is still bearish so he will not dive in yet to crypto for sure, he is only doing some buying spree when the market is in good condition.

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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?

I think we are giving Elon Musk too much relevance, why not let him do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some respect for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught the cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

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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?

Not seeing any correlation between him selling his TSLA stocks bullish to bitcoin. Do you mean that the proceeds of his sell off will go directly to BTC? I doubt that this is in the mind of Elon now.

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

Or... Will he buy dogecoin now?

Not sure either, most likely the sell off might go to his Twitter company.

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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?

How is Elon selling TSLA stock bullish for bitcoin?

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

Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or better yet — how the heck is Elon selling TSLA stock going to prevent a global recession? LOL.

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

Or... Will he buy dogecoin now?

Maybe, maybe not. I don't really care much.

janggernaut

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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?

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