Is Elon going to sell his BTCs? - page 2.

XCANA

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Quote from: PercT4b on June 07, 2021, 10:09:17 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?

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.

Lorence.xD

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Elon doesn't have bitcoin, his company Tesla has bought the bitcoin meaning that there will be some sort of board of directors that he has to answer to and have them all agree to sell the bitcoin.

karanggatak

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I think Elon has been doing FUD only to buy the lowest bitcoin price because I understand that bitcoin prices can move very high at this time because the whales (including Elon) have accumulated bitcoin purchases at their lowest prices so to get FUD profit they need to do it especially when This name Elon is very influential in the crypto world.
and I'm sure Tesla's bitcoin assets are currently still holding because bitcoin is their investment instrument, and they are not stupid to sell at the current price.

New.in.trading

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Are we talking about Elons BTCs, or Teslas BTCs? One might be his private thing, the other is an official thing, that is in his corporate history and will show at the next earnings. Think about it this way:
If he says, Tesla holds its BTCs and the he tries to sell those Tesla BTCs silently... He will be roasted by investors at the next report, right? And he would loose a lot of reputation as well... So I think the Tesla BTCs are still there, and being held. In case he had some private BTCs, who knows.. Maybe he even bought some fresh ones yesterday and made BtcUsd rise this way, in order to help his company Cheesy

zanezane

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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.

jambul_kribo

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personally i dont care with elon musk investing in bitcoin. before we have this man in crypto market , everything running smoothly and no one could playing market like this. just see what elon musk doing , he just shilling doge and make fud to bitcoin. i think we could survive without person like elon, we will greater than in the past. elon honestly make people panic with everything he tweet, and unforunately we be a part of them. its become decentralized now when a statement for single man could destroy price.

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Quote from: Silberman on June 10, 2021, 04:47:40 PM

Quote from: inanilujimi on June 09, 2021, 03:18:18 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.

Silberman

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Quote from: inanilujimi on June 09, 2021, 03:18:18 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.

barbara44

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Quote from: xSkylarx on June 10, 2021, 08:42:04 AM

If he is going to sell his bitcoin, he won't announce it on the media before he really does. I think most personalities or whales like Elon don't sell their bitcoin directly to exchange because this will alert some reliable sources that a huge amount of bitcoin was deposited. Instead, they sell it via OTC where both parties will agree at a particular price. My friend just told me about this though I don't know how it works exactly but it makes sense because, no whale announces if or when they are selling, they will just announce it after it is already done.

There is a thing called SEC and if he manipulates that markets even if it is crypto, if he buys when he says a bad thing and sells when he says a good thing, he will get in trouble, even if we do not know what he does, he will have to publish it on his tax returns if he makes a ton of money. However this dude is one of the richest person alive, at one point he was the richest, and I doubt that he is doing what he is doing for money.

I feel like he doesn't even own any personally, tesla did owned a lot but Elon probably owns not that much, maybe just a bit for testing but not a lot. Which is why I think it is quite important to realize we are not going to see him sell personally. However he will keep on saying bad stuff about it because that gets him attention, and he just wants that spotlight.

xSkylarx

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If he is going to sell his bitcoin, he won't announce it on the media before he really does. I think most personalities or whales like Elon don't sell their bitcoin directly to exchange because this will alert some reliable sources that a huge amount of bitcoin was deposited. Instead, they sell it via OTC where both parties will agree at a particular price. My friend just told me about this though I don't know how it works exactly but it makes sense because, no whale announces if or when they are selling, they will just announce it after it is already done.

bitcub

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Elon is a billionaire with a vast empire of business. I don't think he has a time to play day trading with Bitcoin. He must be holding. And he is a part of a big whales and market makers. His words has a power to move market. He can make Bitcoin to crash more so he can buy at the possible lowest price.

ningrum

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I think like that too, ELON has sold bitcoin when the price is above $50k I'm sure of that,
because he is currently spreading FUD a lot on Twitter, of course this is a stupid act from ELON in my opinion,
because it can be a weapon against himself, Look, there are reports that hackers are threatening ELON,
of course this is the result of him always spreading FUD

peter0425

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Quote from: dmamigo on June 09, 2021, 02:30:42 PM

I believe and as per the news as well, Elon Musk has sold a partial investment on cryptos he made. Even if he sells complete investments made by him, I think long-term investors should not bother and focus on the market rather than the FUD makers or institutional investors who just took the opportunity to make some good profits.
Manipulation in this industry is pretty obvious and it will continue in the future as well but it will overcome such things to grow larger gradually.

It is not Elon Musk who sells that Bitcoin but that is Tesla in which 10% of their funds to test the crypto and nothing else.

Quote from: Kong Hey Pakboy on June 10, 2021, 03:45:46 AM

If he can get all the board to unanimously vote for selling of Tesla's bitcoin. And if he can't do so then he will not be able to sell bitcoin, just because he is the face of the company doesn't mean that he will be able to do the decisions all alone.

yes because he is just one of tesla owner and that is a decision of many and not by one.

davis196

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Quote from: PercT4b on June 07, 2021, 10:09:17 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?

Why do you think that Bitcoin is useless?Just because Tesla doesn't accept BTC payments,that doesn't mean that Bitcoin is useless for Tesla.BTC still has value.Musk/Tesla will decide those BTC sooner or later.This is their own choice,we can't do anything about it.I don't think that this will shock the Bitcoin markets.The crypto traders already know that true nature of Elon Musk.
By the way,the "StopElon" coin can't change anything.This is just a meme.

LogitechMouse

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Quote from: PercT4b on June 07, 2021, 10:09:17 AM

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?

Do we really need to care if Elon will sell his holdings or not??

Sell it or not, it doesn't matter for me. Now the problem lies on if Elon still holds his Bitcoins because for sure there will be a time that they will sell all of their holdings causing the market to dump, worse if they will dump it now but I highly doubt it because if they will then they will be at a loss or at least a small profit which isn't good for a businessman. As a businessman, you need to maximize your profit so maybe they will just dump it on the next cycle Cheesy

.

To answer your question, he will sell it at anytime but most probably it will be on the next cycle or possible when it reaches $60,000 again. We don't know but we can guess.

Kong Hey Pakboy

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If he can get all the board to unanimously vote for selling of Tesla's bitcoin. And if he can't do so then he will not be able to sell bitcoin, just because he is the face of the company doesn't mean that he will be able to do the decisions all alone.

Saisher

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Quote from: PercT4b on June 07, 2021, 10:09:17 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?

We must brace for tough times ahead, there's the possibility that he will eventually sell all his Bitcoin and eventually leave Cryptocurrency, I'm still wondering why if he is a bag holder why he is creating FUD on Bitcoin, he should be the number shill of it, but he is turning again an investment where is holding a lot, what kind of strategy he is trying to employ.

rodskee

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Quote from: PercT4b on June 07, 2021, 10:09:17 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.

If he is intentionally changing the flow of market then he is not acceptable mate because this will sound like trolling or manipulating the market considering that he is a Big businessman .

Quote

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).

Pressure? from his own stupidity ? i don't think he deserve such credit mate.

Quote

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?

1.5 billion worth when the price of bitcoin is pumping high but what about now? this may sounds bellow a billion.

bittick

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He will eventually, but just like a few days ago it might causes crash but then again the market could recover normally, most of people are already putting elon in such unfavourable stance anyway and his influence keep fading.
if he keep up trolling people his selling won't affect a thing.

Quote from: bocyaj on June 09, 2021, 03:29:27 PM

It doesn't show real one.And we should learn from other mistakes.He is market analysis for now.He is using his hard earned money for the market manipulation.He doesn't stole any money and use it for the trading.It was a good time to inverse,when elon said,he had sell some of the holding bitcoin.

more like he used his twitter account influence that reaches literally hundred millions of people in just matter of few minutes to pyschologically affect the market, he doesn't even spend a dime to do that and that's why he keep doing it.

DU18

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Quote from: PercT4b on June 07, 2021, 10:09:17 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?

when many people speculate that elon musk will throw bitcoins for reasons of bitcoin mining which is damaging to the environment, of course this makes some people feel afraid if the price of bitcoin will fall very deep, we don't know whether he has sell or not bitcoin that he has so far, but what is certain is that some time ago he said in his tweet that he would still keep the bitcoins that tesla (his company) got so far.
After all, the bitcoin that has fallen so far is not because he sold his bitcoins, but because of the speculation on the tweets he's been doing on twitter all this time, in my opinion, even if he sells his bitcoins, of course there are still many whales who will buy bitcoins in the market so that it will bring the bitcoin price back into balance.

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