Is Elon going to sell his BTCs? | Bitcointalksearch.org

DU18

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Quote from: Pierre 2 on June 16, 2021, 04:57:04 PM

I am really doubtful if he didn't already sell some of his Bitcoins. I mean his arguments against Bitcoin were weird and unnecessary (green enery etc) I always thought it was intentional move to force Bitcoin holders to sell their coins. When it comes to greedy corporates like Elon Musk I am always doubtful.

when many people speculated about the decline in bitcoin prices some time ago and many suspected that Elon Musk had sold his bitcoins, but at that time Elon Musk said he still kept all the bitcoins he owned, but a few days ago Elon Musk made another statement by saying tesla will again accept btc payments on the condition that bitcoin miners use 50% clean energy and he also says he has sold only about 10% of tesla's bitcoins, from that statement, i conclude it looks like there is a game being played by elon musk right now to keep it going manipulate the market and also gain complete control over crypto movements.

Old tweet :

New tweet:

janggernaut

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Quote from: Evoxt on June 16, 2021, 05:37:50 AM

I doubt it. BTC made Tesla more money than their car sales last quarter.

As long as they are not selling it, how can they get profit from their bitcoin investment? All investment are same, as long as you don't sell your investment, you are still in floating profit/loss. It doesn't mean you are making profit / loss from that. With current price, TESLA still make unrealized profit.

Someday, surely 100% TESLA or Elon will sell their bitcoin, but we don't know on what price they will sell it

Pamadar

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Quote from: Hippocrypto on June 16, 2021, 07:59:28 PM

That's a tentative expectations for Elon's follower, it can be a reversal situation that's going to exist in the upcoming weeks.

Very possible, might just another chill to create market movement, in need of deeper analysis to avoid making mistakes.

Quote from: Hippocrypto on June 16, 2021, 07:59:28 PM

We should be keen on that possible scenario so we won't fail with our decision making.

Agree to that, if you are unsure better not to make any decision as far as your crypto assets.

Quote from: Hippocrypto on June 16, 2021, 07:59:28 PM

Personally, I made my wrong move previous month, that's why I still now waited for another ATH and unfortunately my other altcoins holding suffered from this downfall; only that a good chance is awaiting.

Timing is very important inside this market, once you failed to acknolwledge the situation either you need to wait for another opportunities or accept some losses.

Hippocrypto

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That's a tentative expectations for Elon's follower, it can be a reversal situation that's going to exist in the upcoming weeks. We should be keen on that possible scenario so we won't fail with our decision making. Personally, I made my wrong move previous month, that's why I still now waited for another ATH and unfortunately my other altcoins holding suffered from this downfall; only that a good chance is awaiting.

STT

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For every sale there is a buyer, that is the requirement of a trade. What matters is the usage of the coins, empty speculation ends up resolving downwards because its just throwing back and forth to each other until nobody wants it. If he has a plan for usage then great but overall the entire blockchain must keep improving and proving itself useful to the world and thats the real question. Tesla has to declare major movements in their assets and holdings, they can hedge but that costs a fee; I think as a global company they can find a usage.
The biggest negative is Tesla has operations in China and now China wants no link to BTC otherwise it can easily be a useful blockchain for them.

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Quote from: Pierre 2 on June 16, 2021, 04:57:04 PM

I am really doubtful if he didn't already sell some of his Bitcoins. I mean his arguments against Bitcoin were weird and unnecessary (green enery etc) I always thought it was intentional move to force Bitcoin holders to sell their coins. When it comes to greedy corporates like Elon Musk I am always doubtful.

Does it really that matter much if he sold his coins or not? It doesnt matter if he had sold out his coins the thing here is that people had already known

on what Elon is trying to do with this crypto market and it turns out that he is making himself an another clown just like the rest in the past where they do

attack out bitcoin for some bullshit reason and now he's trying to get back peoples sympathy and support after all the things he had done?

Pierre 2

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I am really doubtful if he didn't already sell some of his Bitcoins. I mean his arguments against Bitcoin were weird and unnecessary (green enery etc) I always thought it was intentional move to force Bitcoin holders to sell their coins. When it comes to greedy corporates like Elon Musk I am always doubtful.

Evoxt

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I doubt it. BTC made Tesla more money than their car sales last quarter.

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Quote from: XCANA on June 12, 2021, 01:06:28 PM

Quote from: PercT4b on June 07, 2021, 11:09:17 AM

~snip~

He has lost the credibility already and nobody care about his tweets anymore. If he like let him sell his holding for there are people who are ready buy all his holding in crypto currency. His influence on crypto currency has expired.

You sure about that? I don't think nobody cares for his tweet anymore. He has millions of followers, how sure you are nobody cares for his tweet anymore?
Just because we are talking about how worst Elon's manipulations was doesn't mean nobody is following him. There are still a lot of people who are actually waiting for his next crypto hype outside the this crypto community.
Crypto twitter has been flooded with toxicity.

VanDeinsberg12

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Quote from: XCANA on June 12, 2021, 01:06:28 PM

He has lost the credibility already and nobody care about his tweets anymore. If he like let him sell his holding for there are people who are ready buy all his holding in crypto currency. His influence on crypto currency has expired.

I thought exactly like this until few days ago where elon's tweet still more or less have such HUGE influence to the market.

we should stop denying that elon is still of concern for us and such a huge threat to the market but his recent tweet has helped the market to get pumped, it seems many are bearish because left unknown about the status of tesla holding in cryptocurrency.
to be frank, i'm even surprised how many people out there actually tailing tesla in financial decision. his influence combined with tesla's owned bitcoin is there to affect the market.

inoes

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Remember : Elonmusk is a businessman. he definitely won't sell bitcoins before he makes a profit. do you remember his tweet in early February about BTC? btc immediately experienced a pump from 31k to 37k. maybe at 30K it's BTC support without Elonmusk.

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I still do not believe that he will keep those coins. Nobody sells 10% bitcoin for any other reason then just to take profit, plus 150 million dollars to see if it would impact the price? No chance mate, the price will only be impacted if he tweets that he is selling, if he doesn't talk about it and just sells ALL his coins then the price will not be impacted at all, 1.5 billion dollars is not a ton of money and it is not what we do not do to ourselves already.

You think going from 64k to 32k was without reason? I mean that is 50% and there were way way more than 1.5 billion sold and we had to live with that, now looking into what Elon can do, he could sell it all and it will be fine. Dude is lying about being pro-btc and he will definitely sell all the coins he bought under tesla name and I believe it is not going to be too long neither, he will do it before the new year comes.

DU18

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Quote from: CryptopreneurBrainboss on June 14, 2021, 11:46:16 PM

Quote from: zanezane on June 11, 2021, 05:59:51 AM

If Elon was in control of those bitcoins, I am sure that he would've probably sold it already when the prices peaked but given that there is a board that have to agree with each other before deciding what to do, pretty sure it will be hard for Elon to sell the bitcoins.

Don't think it'll be hard, the boards by now already knows he has influence on the market. Who knows, it could even be the board that ask for what he's doing now that's manipulating the market, he spread fud and decline the market and now he's begining to tweets some positivity again. It could be there have bought the dip already and now wanting him to pump the market for their selfish interest.

Do you think Elon knowing his board members will be hurts as a regards to the holding the company has and haven't sold then they he began the series of fud that he did few weeks back?, I doubt that.

as CEO, of course, Elon Musk is the majority shareholder in the company and even though the company's board doesn't approve of Elon Musk's decision but as the majority shareholder he has the right to carry out the decision absolutely, after all it's very true as @zanezane said, of course selling the price bitcoin while the price is at its peak is the right move, because then at least the company will benefit from the sale of bitcoin made by musk, I think whatever speculation Elon Musk said in his tweet, it was one of the tricks he did to profit from crypto for both personal and corporate Elon Musk.

adaseb

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He tweeted yesterday, that they are still holding 90% and only sold 10% to test liquidity. And that they will start accepting BTC for Tesla purchases once 50% of the electricity is used by clean sources. Some say this is the reason BTC kept rallying up to $40K where a day before it looked like it was going to break $35K and head for $30K.

So once again his tweets seem to be affecting the market. Another one is Saylor who first announced an $500M bitcoin offering purchase and today he announced that they want to dilute the Microstrategy shares up to $1B so they can use the funds to buy more BTCs.

Really curious what the stock price of Microstrategy will be tomorrow when the markets open.

CryptopreneurBrainboss

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Quote from: zanezane on June 11, 2021, 05:59:51 AM

If Elon was in control of those bitcoins, I am sure that he would've probably sold it already when the prices peaked but given that there is a board that have to agree with each other before deciding what to do, pretty sure it will be hard for Elon to sell the bitcoins.

Don't think it'll be hard, the boards by now already knows he has influence on the market. Who knows, it could even be the board that ask for what he's doing now that's manipulating the market, he spread fud and decline the market and now he's begining to tweets some positivity again. It could be there have bought the dip already and now wanting him to pump the market for their selfish interest.

Do you think Elon knowing his board members will be hurts as a regards to the holding the company has and haven't sold then they he began the series of fud that he did few weeks back?, I doubt that.

7788bitcoin

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Quote from: teosanru on June 13, 2021, 04:18:14 PM

First of all it's not Musk who holds bitcoin but it's Tesla who holds them. 1 thing I am pretty sure that they are not going to sell it off in losses. TESLA is already a loss-making company, A loss so big would hurt their financial statements so much that it might take them years to recover, and also the strategic thinktank of the Company will be criticized a lot for this mistake. So I don't think they are going to sell it off for a loss of even a single dollar. Moreover, I think Elon clarified in May that TESLA has not sold even a single bitcoin apart from their sell-off in the previous quarter which was for showcasing liquidity in bitcoin. And After that the price has never crossed TESLA's buying mark, so I am sort of sure that he hasn't sold any bitcoin from his bag of bitcoin.

If you take globally the automobile sector was struggling and all the companies had huge losses and Tesla is one of the companies in that category as well. First they had the circuit shortage and then the pandemic and they could not manufacture and deliver the cars as promised and these are caused by external issues globally and they were smart enough to overcome the loss by investing in Bitcoin and they have successfully booked their profit as well. They wont be selling the coins at a loss but they are leveraging the cryptocurrency market to cover their losses.

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Quote from: PercT4b on June 07, 2021, 11:09:17 AM

Fortunately (or not), Elon Musk is a game changer but it's clear that people are completely done with his tweets and the way he literally manipulates the market.

Basically the situation is: now Elon is suffering extreme pressure from retailers investors and he is slowly losing his credibility (they have even created a "StopElon" coin), and from the moment Tesla does not accept BTCs anymore, the company basically owns a huge bag that guarantees a huge profit in the short and long term, but it is useless for practical use (Bitcoin is losing appeal and it's becoming a "Big guys's exclusive", without even taking into account the environmental issue that has now been exposed to the public opinion by Elon himself).

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

First of all it's not Musk who holds bitcoin but it's Tesla who holds them. 1 thing I am pretty sure that they are not going to sell it off in losses. TESLA is already a loss-making company, A loss so big would hurt their financial statements so much that it might take them years to recover, and also the strategic thinktank of the Company will be criticized a lot for this mistake. So I don't think they are going to sell it off for a loss of even a single dollar. Moreover, I think Elon clarified in May that TESLA has not sold even a single bitcoin apart from their sell-off in the previous quarter which was for showcasing liquidity in bitcoin. And After that the price has never crossed TESLA's buying mark, so I am sort of sure that he hasn't sold any bitcoin from his bag of bitcoin.

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Quote from: Hamphser on June 10, 2021, 05:54:31 PM

Quote from: Silberman on June 10, 2021, 05:47:40 PM

Quote from: inanilujimi on June 09, 2021, 04:18:18 AM

maybe he already sold them all for $60k??? nobody knows,,
sometimes what he says on Twitter is the opposite of what he is doing, he is a great investor who has extensive knowledge of crypto.

This is what I believe, Elon most likely sold already his coins and obtained incredibly profits for himself and his company, now it is possible he has also took advantage of the dip and got the same amount of bitcoin and pocketed the difference , but my point is that with so much money invested in the market it is unlikely he is going to do something to negatively affect himself so he either already sold his coins or he was not happy with his stash and crashed the price to get more bitcoin.

Business minded person would definitely be having this kind of mindset on where they should secure profits out first before anything else.

Lots had believed that he had sold off those coins a long time a go when its not really still on loss. Does it really matter?

Its none of our business if he would intently sell off his coins because its his money after all and we dont have the right on stopping
him to do so.

It is true that he can do whatever he wants with his money as this market is based on precisely that principle but when he tries to manipulate the market in such a clear way then it is or business as now he is affecting others, now if this was just the consequence of buying and selling bitcoin then that will still be acceptable, but when he is making arguments in bad faith like bitcoin being a problem for the environment then we know he is trying to crash the price, probably to buy at a cheaper rate and earn even more money and that is incorrect.

STT

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The criticism here is not of Elon but the news dynamic behind this, its the company which operates some usage of the asset in its reserves. Thats fine and free for anyone to do, the part more easily criticized is the nonsense posted on Twitter by Elon quite often. Thats where I'd point out its the market itself still at fault even if Elon is wrong in various things he might have said in either positive or negative influence, the market decided to buy or sell based off of one person.
The amount of hype in crypto is far too high, its like excess air and its inevitable it leaks out and the price deflates before we can continue, its even healthy to do this and pretty much this is merely a repeat of whats happened in previous cycles. If I was going to moan about anyone it would be the awful system of government dominating China and doing its best to remove their people from any hope of freedom and free capital markets, of course thats the whole basis of their power regime but I consider that to be a far greater negative for everyone even crypto.

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Interestingly bitcoin is such a huge market that even if he owns 1 billion dollars worth of bitcoin and he ends up selling them all at the same time that wouldn't really impact the price that much. Of course he could show that on his twitter and in that case it will matter a lot. Price is rarely ever impacted by just one person, it can be but it rarely ever happens, usually it is about people doing something and then it becoming a news.

Even a huge whale selling wouldn't change a thing, but a whale selling becoming news would change a lot. So, we should not be worried if he will sell or not, we should be worried if he will keep bashing bitcoin or not, because that is the important part in the crypto world. I personally hope he will tweet good stuff about crypto, I do not care myself but there are tons of other people who care about it and that matters.

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