(I have not sold any bitcoins) New words from Elon Musk

mr_ROBOTT

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Quote from: ecnalubma on April 29, 2021, 05:39:23 PM

Whatever he says. But undeniably he’s a big help in Bitcoin adoption but I hope his followers are doing their homework specially the inexperienced because if they rely only in the words of others thats why they invested then they might get a serious problem.

This makes me afraid of the future. When a large number of inexperienced people enter the market with a lot of capital, they can change the whole market trend with an emotional behavior, and this situation becomes dangerous for Bitcoin.

Quote from: Lizzylove1 on April 29, 2021, 11:08:14 PM

When big tech companies like Tesla start repeatedly talking about bitcoin, the rumor of selling and not selling but testing, it's wise for some of us to just vault the little bitcoin we currently have. This tells us the direction of the world economy and the need never to listen to capitalist who always want to hold us in their pocket. Bitcoin still not too expensive, wait until other giant companies start dishing fiat for bitcoin.

This is definitely not the real price of bitcoin. But we should not let the stock market completely fall into the hands of the whales, like the stock market and gold.
Today, the price of bitcoin is rising again because a large amount of bitcoin is still in the hands of ordinary people like you and me. The entry of companies should not take away this advantage from us.

shogun47

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Quote from: Oceat on April 29, 2021, 05:48:15 PM

So what, if Elon or Tesla sold some of his/their Bitcoin? They are just making profit and that's okay but if you guys can't accept the fact that he's gaining during this bullish season, then be like him. Look how the price went up again today and this is just a rumor it doesn't do anything with the market because some reasons is possible of why Bitcoin was down during that time including the drop of hashrate.

It's not Tesla can make the market move so why put some blame/reason everytime the market drops?

Elon didn't sell any and I believe him really. He has no pressure whatsoever to sell any. He is not in need for cash, why would he then?

Tesla is a different story. They have shareholders and want to present a nice balance sheet in public. Perfect opportunity to make that move and they went for it. Nothing else.

jahepahit

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Quote from: fortune1002 on April 27, 2021, 02:37:26 AM

What does it mean? Will bitcoin reach 60k in this week. Please suggest me so I can invest.

it can go either because the market is still sideways but you have to make research yourself and make final decision. dont rely on what people fully, they can only give you a guide or information but you need to check and decide so that when things go wrong, you will know what to do because you made the final decision yourself with much conviction.

jahepahit

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i think the reason why Elon tweet gets more attention is because he is one of the people that came publicly to announce their bitcoin purchase. this tweet is for tesla holding not his personal own. but i feel we really dont need to get borthered about who sells his bitcoin or hold.

TastyChillySauce00

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Quote from: ecnalubma on April 29, 2021, 05:39:23 PM

Whatever he says. But undeniably he’s a big help in Bitcoin adoption but I hope his followers are doing their homework specially the inexperienced because if they rely only in the words of others thats why they invested then they might get a serious problem.

Well people expect elon to keep hyping up bitcoin while keep telling him not to sell, meanwhile many people are also trying to cash out due to the hype. Honestly it's fine even if elon himself selling all of his bitcoin, the problem lies on the people who overly paranoid and overthink about elon's decision.
You see how many people in the twitter explodes from the simple statement of "tesla selling off 10% of their bitcoin" and they thought it was all over the day of bitcoin holding, but after elon himself made a statement, they suddenly got calmed down.

Lizzylove1

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When big tech companies like Tesla start repeatedly talking about bitcoin, the rumor of selling and not selling but testing, it's wise for some of us to just vault the little bitcoin we currently have. This tells us the direction of the world economy and the need never to listen to capitalist who always want to hold us in their pocket. Bitcoin still not too expensive, wait until other giant companies start dishing fiat for bitcoin.

Oceat

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So what, if Elon or Tesla sold some of his/their Bitcoin? They are just making profit and that's okay but if you guys can't accept the fact that he's gaining during this bullish season, then be like him. Look how the price went up again today and this is just a rumor it doesn't do anything with the market because some reasons is possible of why Bitcoin was down during that time including the drop of hashrate.

It's not Tesla can make the market move so why put some blame/reason everytime the market drops?

ecnalubma

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Whatever he says. But undeniably he’s a big help in Bitcoin adoption but I hope his followers are doing their homework specially the inexperienced because if they rely only in the words of others thats why they invested then they might get a serious problem.

finaleshot2016

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Quote from: Becky666 on April 29, 2021, 03:03:33 PM

Quote from: Lorence.xD on April 29, 2021, 12:18:14 AM

Quote from: Kayum10029 on April 28, 2021, 04:32:00 AM

Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

Even if he sold his bitcoin, what's that got to do with everyone in the market? Yes the prices will go down when Elon dumps his coins but we know that it will just get back up.

Yes ofcourse mate, absolutely nothing if he sold but for Elon Musk to make such statement wasn't just to create fear in the mindset of other investor but to clear the air about what others said about him that was wrong. Tesla as a company sold their 10% holding in bitcoin to prove liquidity and rumors went around that it was Elon Musk instead of Tesla, so, he took time to address that.

If he sold his bitcoin, it's just a temporary dump and will recover soon but that's not the odea here. Let's not forget the fact that if Elon Musk is hodling bitcoin then many people will also trust bitcoin.

The more Elon Musk hodl his crypto, the more assurance it gives to the people who are curious about it and add those institutional investors.

Becky666

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Quote from: Lorence.xD on April 29, 2021, 12:18:14 AM

Quote from: Kayum10029 on April 28, 2021, 04:32:00 AM

Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

Even if he sold his bitcoin, what's that got to do with everyone in the market? Yes the prices will go down when Elon dumps his coins but we know that it will just get back up.

Yes ofcourse mate, absolutely nothing if he sold but for Elon Musk to make such statement wasn't just to create fear in the mindset of other investor but to clear the air about what others said about him that was wrong. Tesla as a company sold their 10% holding in bitcoin to prove liquidity and rumors went around that it was Elon Musk instead of Tesla, so, he took time to address that.

shogun47

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Quote from: nicecrypto on April 29, 2021, 12:43:43 AM

Truly I dont get it, It is nice that Elon decided to invest in Bitcoin because he too have seen the potentials with investing in Bitcoin and Bitcoin has had a good strong community over the years of its existence and have been doing well to which I believe that people like Elon musk and the whole Institution are now capitalizing on. This people are not helping Bitcoin but the other way round because now they can even make more monies than they would have.

Some argue that the connection of Elon to Bitcoin is much much closer than many people think. We shouldn't forget he also founded PayPal and is familiar with financial technology. I personally believe he is holding a lot of Bitcoin. Not holding it for a little while now, but maybe has even the first or the very first to buy it.
And he never felt any pressure to sell it.

It's a nice idea to think about that he is neck deep into in perhaps a special role. There were voices saying he could be Satoshi. I don't know if I would go that far, but it's not impossible that he was involved very early on. It is also him positioning satellites in space. A lot of the things he is doing make a whole of sense and are very coherent.

nicecrypto

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Truly I dont get it, It is nice that Elon decided to invest in Bitcoin because he too have seen the potentials with investing in Bitcoin and Bitcoin has had a good strong community over the years of its existence and have been doing well to which I believe that people like Elon musk and the whole Institution are now capitalizing on. This people are not helping Bitcoin but the other way round because now they can even make more monies than they would have.

Lorence.xD

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Quote from: Kayum10029 on April 28, 2021, 04:32:00 AM

Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

Even if he sold his bitcoin, what's that got to do with everyone in the market? Yes the prices will go down when Elon dumps his coins but we know that it will just get back up.

BuNga_cute

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Quote from: Kayum10029 on April 28, 2021, 04:32:00 AM

Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

This is what I expect from Elon Musk, because if new spreads that Elon Musk is selling his Bitcoin, maybe it could make the price of Bitcoin fall.
After all, Elon Musk has a lot of money, so he will not be in a hurry to take profit from Bitcoin. I believe Elon Musk has a high sell target,
so Elon Musk does not intend to sell Bitcoin in the near future. There is even a possibility that the performance of Bitcoin is very extraordinary,
making Elon Musk interested in collecting Bitcoin.

rodskee

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Quote from: mr_ROBOTT on April 27, 2021, 02:29:29 AM

There have been numerous allegations that Elon Musk sold bitcoin to prove liquidity, and this led to the sale of 10% of Tesla's assets.
But Elon Musk denied the claim, saying that he had not sold any of his bitcoins, and that Tesla had sold some of its bitcoins in the first three months of the year & earning $ 272 million.

The news shows that Elon Musk and Tesla have chosen a large amount of bitcoin as their capital, and by accepting bitcoin for their own transactions, they are launching a bitcoin revolution.

Source: https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

Rumors will always come and go but reality will only reveal either by admission or by acceptance .

Elon is here to Play and Earn so lets expect more of this kind in the future but the best thing is we must not listen to hearsay and believe what is true according to our own research .

Quote from: Kayum10029 on April 28, 2021, 04:32:00 AM

Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

Elon wont sell in this price because he knows that there can be a more higher value in the future , He has a funds to support His business so why need to sell out in despair .

shogun47

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Quote from: sunsilk on April 27, 2021, 06:52:05 AM

It doesn't matter whether Elon himself sold it or it's his company that has sold it. What matters is that bitcoin has shown again how strong it is and no matter how it has corrected for a few days, there's still a way for it to recover.

He may that he's not the one who actually sold the 10% of their holdings but it's his company which literally he's not the one who pressed the sell order. Tongue

It is a huge difference under specific circumstances. The SEC doesn't like Elon Musks on Twitter when it comes to influencing the market.
If his company sells that's not a big deal as it's a corporation with its own rights and duties. If Musk as a private person manipulates the market in ways that are not acceptable according to the SEC, h could be fined.

Elon is careful about his words in this regard.

Kayum10029

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Elon musk tweeted his Twitter profile with his own speech, I don't sell my bitcoin which means that elon musk a viral person who already invested bitcoin and dogecoin but he didn't sell his any cryptocurrencies.

Alucard1

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Yeah, he told that because a lot of people think that he is just manipulating the market, but we are still not sure because what if he is lying, he can just say whatever he wants to say on Twitter, and by a simple tweet from him, there are already a lot of beginners who will believe him and that is how influential Elon Musk.

We don't know as well if Tesla sold 10% of their bitcoin, no one knows about that, even though bitcoin falls up to $50k in the past few days we cant still conclude that it is because of Tesla who sold their bitcoin.

davis196

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OK,but what if he's lying or joking? Grin

Is Bitcoin basically a "bigger version of dogecoin"? Grin

Will the Bitcoin price crumble apart,just because Elon Musk says something like "Sorry guys,I sold all my Bitcoins,Bitcoin is a joke?",even if he didn't sell anything? I believe that the Bitcoin price is now left on the mercy of Elon Musk,so we have to track every step that he takes and every statement that he makes on social media. Grin

Should we care more about mass adoption of Bitcoin across the small businesses and the middle class,instead of waiting for a rich guy to buy more BTC and post something bullish,in order to pump the BTC price?

Kakmakr

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Quote from: bitterguy28 on April 27, 2021, 03:12:28 AM

Quote from: mr_ROBOTT on April 27, 2021, 02:29:29 AM

There have been numerous allegations that Elon Musk sold bitcoin to prove liquidity, and this led to the sale of 10% of Tesla's assets.
But Elon Musk denied the claim, saying that he had not sold any of his bitcoins, and that Tesla had sold some of its bitcoins in the first three months of the year & earning $ 272 million.

The news shows that Elon Musk and Tesla have chosen a large amount of bitcoin as their capital, and by accepting bitcoin for their own transactions, they are launching a bitcoin revolution.

Source: https://cointelegraph.com/news/i-have-not-sold-any-of-my-bitcoin-elon-musk

Mind stop patronizing this Clown? don't you think that He is successfully trolling the whole crypto community because we are objective in giving a damn in everything he says?

Blocked the account and forget about listening to what he says, crypto will grow even without Joker in our side.

What the f#@$k are you talking about? This "clown" Roll Eyes

are only one of the most successful men in the USA and also an expert in Payment networks. He is also a tech genius and someone that are creating massive job opportunities for many people.

When one of the most knowledgeable people on Payment systems invest in a payment technology, you have to sit up and take notice...

Elon Musk are not hoarding his coins for nothing, he already saw the potential and the way the economy are going in the 1st world countries. Wink

Topic: (I have not sold any bitcoins) New words from Elon Musk (Read 526 times)