I speculate Tesla has sold their coins

Sithara007

legendary

Activity: 3164

Merit: 1344

Leading Crypto Sports Betting & Casino Platform

Quote from: bbc.reporter on July 19, 2021, 11:39:41 PM

Tesla earnings report and conference call will be on July 26 according to tipranks.com.

https://www.tipranks.com/stocks/tsla/earnings-calendar

I reckon it would be a victory for the community to hear Tesla report that their bitcoin holdings are on a loss after 6 months of hodling hehehe. Tesla’s average buying price is $34,200 according to this article.

https://coinmarketcap.com/alexandria/article/revealed-how-much-profit-tesla-has-made-after-buying-bitcoin

It would also be another victory if Tesla sold with a loss. Elon destroyed his own company’s balance sheet.

Don't look at the short term benefits. If Tesla sells BTC at a loss, then in all probability that will make sure that none of the other corporations would consider Bitcoin for their financial reserves at least for the next 10 years. There are many ways to get back at Elon, but I don't consider this one as a viable option. It will do more damage to the cryptocurrency sector and Elon will not face any real impact. And I don't think that Elon is responsible for the slide from $62,000 to $30,000. He might have started it, but it got amplified as a result of other issues (such as the ban in China).

bbc.reporter

legendary

Activity: 2898

Merit: 1429

Tesla earnings report and conference call will be on July 26 according to tipranks.com.

https://www.tipranks.com/stocks/tsla/earnings-calendar

I reckon it would be a victory for the community to hear Tesla report that their bitcoin holdings are on a loss after 6 months of hodling hehehe. Tesla’s average buying price is $34,200 according to this article.

https://coinmarketcap.com/alexandria/article/revealed-how-much-profit-tesla-has-made-after-buying-bitcoin

It would also be another victory if Tesla sold with a loss. Elon destroyed his own company’s balance sheet.

newwest

member

Activity: 686

Merit: 26

★777Coin.com★ Fun BTC Casino!

Quote from: dmamigo on June 23, 2021, 10:16:37 AM

I think should not bother if Tesla has sold all their coins because as time will pass by authentic investors will pour into the crypto world which will make it grow past the price created by the FUDs. I do understand Elon Musk has a good amount of followers who follows him blindly with stupidity but this will pass too. This will be termed as an incident where an influential businessman took advantage of his worth.

Possible would have sold some of the coins and on bottom will buy the again and keep making money in this way. Since he has invested billons so might be selling and buying back in millions and causing the market to move and control in this way. Its risky at times because if just happen to sell everything on a day market will crash badly and recover might take longer with China news it also impacts the market hard.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

Quote from: dmamigo on June 23, 2021, 10:16:37 AM

I think should not bother if Tesla has sold all their coins because as time will pass by authentic investors will pour into the crypto world which will make it grow past the price created by the FUDs. I do understand Elon Musk has a good amount of followers who follows him blindly with stupidity but this will pass too. This will be termed as an incident where an influential businessman took advantage of his worth.

Elon Musk has tried to manipulate the market with his influence as the world's richest man, and we can see how with just one tweet he can destroy the bitcoin market, I also think how can people continue to hope in Elon Musk, when we know that Elon Musk has personal interest in the controversy that he has created so far and I think he is currently enjoying the profits from selling Tesla bitcoin (even though he says he never sold it) but as a CEO of a large company of course what is in his mind now is only business interests to make money. as much profit as possible for the company, regardless of how other people or followers feel Grin

.

dmamigo

sr. member

Activity: 1204

Merit: 250

I think should not bother if Tesla has sold all their coins because as time will pass by authentic investors will pour into the crypto world which will make it grow past the price created by the FUDs. I do understand Elon Musk has a good amount of followers who follows him blindly with stupidity but this will pass too. This will be termed as an incident where an influential businessman took advantage of his worth.

lepbagong

full member

Activity: 2268

Merit: 121

#SWGT PRE-SALE IS LIVE

Quote from: bbc.reporter on June 21, 2021, 11:33:14 PM

@kawetsriyanto. However, it appears Elon and Tesla did it wrong hehehe. This next speculation might be called being antagonistic again or fud by some people in this forum but what does everyone reckon Tesla’s maximum pain tolerance is for bitcoin? The latest market dump would certainly affect the company’s operating profit for the 2nd quarter.

basically as a public figure and a lot of followers as well as a big company entrepreneur. Of course there is a lot he can do and his tweets will probably be able to make people believe. and will have an impact on crypto, if it is done by people who are not confident. the fact is that due to his tweets and other external cases, the correction is very deep and this is actually happening.

but i totally agree with you what is being done is not fully followed by all who also understand that @elonmusk just wants to profit from what is done and all have started to read what will be done.
then what will be said next clearly will not affect anymore because this is just fake news and is not worth doing because it will have a bad impact in the future for crypto.

bbc.reporter

legendary

Activity: 2898

Merit: 1429

@kawetsriyanto. However, it appears Elon and Tesla did it wrong hehehe. This next speculation might be called being antagonistic again or fud by some people in this forum but what does everyone reckon Tesla’s maximum pain tolerance is for bitcoin? The latest market dump would certainly affect the company’s operating profit for the 2nd quarter.

kawetsriyanto

legendary

Activity: 2198

Merit: 1086

Free Bitcoins Every Hour!

Quote from: erep on June 15, 2021, 07:47:12 PM

Do you mean Tesla is only taking advantage of the bullrun market?

Yes, exactly.
Tesla and Elon Musk take advantage of the Bullrun, they did it. Is there something wrong with this?
If you think they do it purely to support the crypto ecosystem, please learn again what they already did so far.
Elon Musk is a businessman. If no advantage in the current situation, he won't tweet anything about crypto or Bitcoin. If it is not about Bullrun, why he didn't do it in the previous bearish? He created hype on his tweet during the Bullrun because he knows it will attract more people and bring effective impacts.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: leea-1334 on June 14, 2021, 03:32:12 AM

Well apparently now,,, Tesla have said already they are reconsidering to accept Bitcoin as a payment method again but first miners have to move to 50% green energy. I see two problems here though,,, first, how will miners react to this and why should they even care about Tesla? Secondly,,, how will even Tesla be able to verify the green energy usage?

so there's report as well written in yahoo finance saying 74% of mining power uses renewable energy if that's true then isn't elon's requirement for miner to move to 50% energy already fulfilled or it is every individual miners should at least switch 50% of their rigs to renewable energy?

the problem about this is that there's no 100% accurate reports and each reports seem to differ to each other, not to mention every mining facilities is able to switch that easily to renewable energy, not to mention that elon isn't our commander either

Sithara007

legendary

Activity: 3164

Merit: 1344

Leading Crypto Sports Betting & Casino Platform

Quote from: AmoreJaz on June 15, 2021, 07:19:22 PM

to be honest, it is none of our business if he sold his bitcoins or not. and we may never know the ultimate truth behind his tweets. we can speculate all we want, but it will not change on how he will manage his crypto portfolio or how he is seeing himself in terms of crypto investments.
they can do what they want with their bitcoin, because it is theirs in the first place. so why not take care of our own portfolio instead?
and talking about miners, using clean energy, we can't have the exact figures about such usage.

It is not going to be that simple. Elon has managed to manipulate the cryptocurrency market by a great degree using his tweets as a weapon. Now if he is selling this coins, that can give rise to speculation regarding insider trading. In normal cases, whether he sells his coins or not is his business. But under changed circumstances, he loses that immunity. Anyway, from what I heard, the SEC is closely monitoring his activity in the cryptocurrency market. Any mistake is going to cost him a few billion USD in penalties.

erep

hero member

Activity: 2254

Merit: 585

Quote from: kawetsriyanto on June 15, 2021, 07:10:20 PM

Elon Musk is the Tesla owner, he is a smart guy. He must advise Tesla to buy at a proper time if they decide to hold for a long time. Since we are in the Bullrun season, buying now mustn't for a long time. The price of Bitcoin will drop more and massively in the next bearish season. So, I am pretty sure if Tesla or even Elon Musk will sell their Bitcoins before Bullrun ends.

Do you mean Tesla is only taking advantage of the bullrun market, so the conclusion is that Elon pumps bitcoins only to sell bitcoins at high prices. If that's the goal then people will avoid every market hype that Elon posts on twitter.

AmoreJaz

legendary

Activity: 3066

Merit: 1101

Leading Crypto Sports Betting & Casino Platform

Quote from: FanEagle on June 15, 2021, 02:12:19 PM

First of all how do you have a proof that 50%+ of miners are using clean energy? I mean you can see the miners using energy but you do not know where that energy comes from, maybe they are taking it from a renewable energy source or maybe they are using coal like some old time train, I do not know what the deal is there but I know that it is definitely not easy to prove what is happening and what is not.

This is why I believe there is a good chance he is just stalling it. You do not sell 10% of your entire bitcoin balance just to see if it works, and let's say you did, and you saw that the market wasn't impacted (or even if it was impacted) and then you just buy it back. If you sold 10% of your entire portfolio and then didn't buy back, that means you sold, that's it there is no reason for it like checking to see bla bla bla it is just simple selling and getting some of it out that's it.

to be honest, it is none of our business if he sold his bitcoins or not. and we may never know the ultimate truth behind his tweets. we can speculate all we want, but it will not change on how he will manage his crypto portfolio or how he is seeing himself in terms of crypto investments.
they can do what they want with their bitcoin, because it is theirs in the first place. so why not take care of our own portfolio instead?
and talking about miners, using clean energy, we can't have the exact figures about such usage.

kawetsriyanto

legendary

Activity: 2198

Merit: 1086

Free Bitcoins Every Hour!

Quote from: poodle63 on June 14, 2021, 12:45:12 AM

I think it's more than 90% of their disclosed bitcoin investment and probably gonna hold for a long time.

Elon Musk is the Tesla owner, he is a smart guy. He must advise Tesla to buy at a proper time if they decide to hold for a long time. Since we are in the Bullrun season, buying now mustn't for a long time. The price of Bitcoin will drop more and massively in the next bearish season. So, I am pretty sure if Tesla or even Elon Musk will sell their Bitcoins before Bullrun ends.

Botnake

hero member

Activity: 2828

Merit: 666

Quote from: ubercool on June 15, 2021, 05:31:06 AM

According to Musk's recent tweet, Tesla sold 10% of its holdings to prove the liquidations. This may be true and companies do this in order to prove liquidity but we will not able to know if they sell in the early days of a quarter. Tesla might start accepting Bitcoin in the future to keep their Bitcoin wallets full but it'll be harder for us to know what they're doing now.

That's a wrong move proving the liquidity of bitcoin, they have both that bitcoin when the market was already liquid, so they have already prove themselves that liquidy was there in the first place, for me, I think they are up to something with their tweet and announcement, they are not true to it and there main intention is just to take advantage and manipulate the market.

FanEagle

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

First of all how do you have a proof that 50%+ of miners are using clean energy? I mean you can see the miners using energy but you do not know where that energy comes from, maybe they are taking it from a renewable energy source or maybe they are using coal like some old time train, I do not know what the deal is there but I know that it is definitely not easy to prove what is happening and what is not.

This is why I believe there is a good chance he is just stalling it. You do not sell 10% of your entire bitcoin balance just to see if it works, and let's say you did, and you saw that the market wasn't impacted (or even if it was impacted) and then you just buy it back. If you sold 10% of your entire portfolio and then didn't buy back, that means you sold, that's it there is no reason for it like checking to see bla bla bla it is just simple selling and getting some of it out that's it.

ubercool

hero member

Activity: 1078

Merit: 504

According to Musk's recent tweet, Tesla sold 10% of its holdings to prove the liquidations. This may be true and companies do this in order to prove liquidity but we will not able to know if they sell in the early days of a quarter. Tesla might start accepting Bitcoin in the future to keep their Bitcoin wallets full but it'll be harder for us to know what they're doing now.

leea-1334

hero member

Activity: 2226

Merit: 953

Temporary forum vacation

Quote from: bryant.coleman on June 14, 2021, 12:48:56 PM

Elon will get a better reception, if he says that to the users of some shitcoin such as Doge. We, as Bitcoin users don't really care about Elon and his Tesla company which produces overpriced crappy pieces of junk. He should first improve the quality of Tesla EVs, rather than advising Bitcoiners on how to run our business. After all the theatrics he has done, I don't think that anyone would take a favorable view of him now within the cryptocurrency community. If any of the miners want to move to green energy, then they are free to do that. But that won't be under compulsion from Elon.

No,,, I think he can continue to advise, I do not mind. As I said above, he will first have to get miners to care, but like you said, he should also focus on his business. Imagine if Bitcoin miners got together and told him how to run his electric car or SpaceX business:)

Regarding his favorable view,,, I think you need to understand crypto communities are sheep. They will follow you around even after you slaughter some of them for meat.

bryant.coleman

legendary

Activity: 3640

Merit: 1217

Quote from: leea-1334 on June 14, 2021, 03:32:12 AM

Well apparently now,,, Tesla have said already they are reconsidering to accept Bitcoin as a payment method again but first miners have to move to 50% green energy. I see two problems here though,,, first, how will miners react to this and why should they even care about Tesla? Secondly,,, how will even Tesla be able to verify the green energy usage?

Elon will get a better reception, if he says that to the users of some shitcoin such as Doge. We, as Bitcoin users don't really care about Elon and his Tesla company which produces overpriced crappy pieces of junk. He should first improve the quality of Tesla EVs, rather than advising Bitcoiners on how to run our business. After all the theatrics he has done, I don't think that anyone would take a favorable view of him now within the cryptocurrency community. If any of the miners want to move to green energy, then they are free to do that. But that won't be under compulsion from Elon.

erep

hero member

Activity: 2254

Merit: 585

Quote from: DU18 on June 14, 2021, 10:04:03 AM

As I have said before, if all this time Elon Musk has been too wishy-washy in his every word and recently he has tweeted again to accept bitcoin as an alternative to Tesla payments and the impact of this has slightly pushed up the bitcoin price in the market. but let's be honest if it looks like the crypto market is now under its influence, and to be honest we don't know what other controversy Elon Mus k will have in the future Huh

We have to forget bitcoin's relationship with elon musk, because bitcoin ≠ elon musk so forget anything and ignore his tweets, honestly I'm fed up with all the controversy he creates.

DU18

sr. member

Activity: 1694

Merit: 268

Binance #SWGT dan CERTIK Audited

As I have said before, if all this time Elon Musk has been too wishy-washy in his every word and recently he has tweeted again to accept bitcoin as an alternative to Tesla payments and the impact of this has slightly pushed up the bitcoin price in the market. but let's be honest if it looks like the crypto market is now under its influence, and to be honest we don't know what other controversy Elon Mus k will have in the future Huh

Topic: I speculate Tesla has sold their coins (Read 954 times)