Is Elon going to sell his BTCs? - page 3.

Shasha80

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Quote from: Oceat on June 09, 2021, 05:57:04 PM

It doesn't matter if he's going to sell it all or some or not, a whale is a whale and they can do whatever they want but I don't like the idea of pump and dump only. That means he's really manipulating the market just for his own sake to gain profit but I think he's not into Bitcoin yet since he's too busy pumping a shitcoin on his own.

I don't know if he's going to use the advantage of selling everytime Bitcoin pump beyond $40k or so but I think Elon Musk is considering of holding the investment for a long-term plan than make it more worst than before to sold everything in one go.

Everyone is free to sell their Bitcoin, including Elon Musk. Moreover, he includes whales who have very large capital, he can do whatever he wants.
I agree with you, but the way that Elon Musk is doing is wrong by manipulating for personal gain. This ends up hurting a lot of people, this is
what ultimately makes Elon Musk look ugly in the eyes of the crypto community. But I doubt that Elon Musk is one of the holders who plan to invest
in Bitcoin in the long term, because if he is, Elon Musk will not deploy FUD that makes Bitcoin price crash. This is evidence that Elon Musk has already
sold his Bitcoins when Bitcoin reached the ATH price, and now it looks like Elon Musk is trying to collect Bitcoin again when the price is already low.

Oceat

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It doesn't matter if he's going to sell it all or some or not, a whale is a whale and they can do whatever they want but I don't like the idea of pump and dump only. That means he's really manipulating the market just for his own sake to gain profit but I think he's not into Bitcoin yet since he's too busy pumping a shitcoin on his own.

I don't know if he's going to use the advantage of selling everytime Bitcoin pump beyond $40k or so but I think Elon Musk is considering of holding the investment for a long-term plan than make it more worst than before to sold everything in one go.

bocyaj

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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.

Stedsm

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Quote from: ?? on ??

When he want some changes in the current market,he will sell some of his bitcoin.Because he was a current price decider.But it won't woks hundred percentage.We can use this to get profit from it.Buy at low price and keep some value as margin and sell with some profit.Like this repeat for many times to get profit.

The fact is that, he's using everyone's minds for his own financial benefits and people still follow him blindly without understanding his intentions. No doubt he's an investor, but why are we helping him to become more and more rich while even if he has not sold anything yet, we are giving him chances to buy BTC more cheaper by panic selling it during the insane FOMO I've been witnessing these days.

Stedsm

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If he has not yet done it (sold his BTC), he's a very dangerous guy to deal with.
If he is doing it or has sold off every Satoshi of his BTC holdings already, then I believe he did one of the best things for Crypto as he's not needed and just think, what would happen to BTC if it would have reached a million dollars and Musk would start selling at that point. An ~~insane~~ institutional whale out is an opportunity knocking in. Wink

dmamigo

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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.

SquallLeonhart

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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?

How much Elon has personally is not something I am aware of, maybe it is something known and people are aware of it but I do not think it is public information. At the end of the day we are talking about something that would be risky for him to publicize. So if I do not know, I will not know if he sells neither and in that case I will not care neither.

Think about it, he can tweet and change the price and he is using that because he cares about the attention he is getting, that is very important part of the deal. So that is why I do not care what he is doing or will do, he can sell or he can buy, do whatever he wants and that will not be important, all I care about his tweets and I hope he stops, I didn't care when it was going up (never bought doge) and it is just a big problem for me that he does this because having power to change the price with one tweet is scary.

BigBos

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Elon Musk wants us to think that he hasn't sold the bitcoins he's holding. but, I think, some of the bitcoins he held have been sold. anyway, I think Elon Musk doesn't want panic to happen in the crypto world because he said that supports cryptocurrencies at this time. however, I think the price changes that occurred were also due to his influence.

ShowOff

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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?

I don't know why people keep thinking about Elon and his famous $1.5 billion bitcoin investment before the news of the partial sale in April. While Tesla/ Elon is not the only institutional investor investing in bitcoin at the moment and I don't think that Elon should be a role model before we decide to invest.

I think anyone can worry about the financial strength of institutional investor like Tesla/ Elon. They can sell some or all of the bitcoin if they want because their goal is to make a profit. Selling bitcoin on a large scale can cause the market to go down, but I'm sure other trader and investor will form strong support so the price will never fall any deeper. He is more famous for his tweets about Doge than bitcoin, he's not quite as stable as we think. Check out his current twitter profile.

Ararbermas

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That guy is a brilliant man on this crypto space he will never jump to any decision unless it can really convince him to join the ride especially if he can obtain huge as well. See what's the results after he makes tweets about tesla? Elon's can really intimidate those big investors as well, he knew how to scared them using a simple words.. Lol and you saying elon will sell because of that reasons.? It's impossible because he's the real master when it comes to that way..

slaman29

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Who cares? And the moment we stop caring is the moment we remove the worry and stress over it, and that's the same moment it is no longer of any consequence whether or not Elon sells his BTCs.

If he sells now, good, that should mean he didn't make profit as he could (so he won't).
If he doesn't, good, that means he was kinda lying about not believing in BTC.

arwin100

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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.

Someone said this and I can't remember where I read this post "No one will troll if there investment is there" and this is right since its kinda crazy act if you do that and price got dump so we can expect thag Elon Musk want to fud and buy bitcoin back again. We need to be careful since he's not done with his tantrums so best to ignore him so that we can move on and marker will not be manipulated again.

inanilujimi

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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.

maydna

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Quote from: Kittygalore on June 08, 2021, 04:57:59 AM

Elon doesn't have any bitcoin, Tesla has the bitcoin and it will take a lot of decisions before they can sell their bitcoin, it's not just Elon. He may be the head of the company but that doesn't mean that he can just go and decide everything on his own.

We don't know for sure about that. Who knows, Elon already bought bitcoin a few years ago while the bitcoin price is at a low price and not telling to the public. But he announces to the public that Tesla has the bitcoin. I will not surprise if he says that because perhaps, he wants to hide his bitcoin from the public. Whether he has bitcoin or not, I don't think that he will sell bitcoin now because I am sure he wants to make a big profit from bitcoin. So he will wait until the bitcoin price can hit his target price to sell.

btc78

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What's your problem if Elon sells His bitcoin ? de does not even hold a million bitcoins but it looks like you are so much affected when it his rights to do whatever he wants in the coins owned by Him.
and besides that implies one thing if he does sell the coins , it means he really is not a trustworthy person and just like most whales that wanted to profit and not to support the market.
it his a shame for him and not for the community . and besides this will be very helpful because at last he will keep His mouth shut for the rest of His career.

romero121

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Nothing to exaggerate his activities. More the importance given to him helps with the ease of manipulating the market. Another thing, he's a big legend in making profit out of anything and everything. It isn't that easy to easily predict the thoughts on his next moves on bitcoin/cryptocurrency.

One thing he understood there is money in Bitcoin, and he's perfectly making using of the opportunity with his massive holdings. Once after the dump his holdings will be increased again for sure.

just_Alice

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We don't know what's going on in his mind, so it's hard to tell. The question is: is this just a manipulation for profit or Elon's true intentions were to promote Bitcoin adoption, but then some big guys (though it's hard to imagine how big they should be) told that they don't want to do business with him anymore if he's involved with Bitcoin. For instance, Tesla can sell carbon credits to other automakers for big money, but once they're dealing with Bitcoin, which is associated with CO2 emissions because of mining, maybe they can't do that anymore.
If the case is manipulation - I bet Musk will do everything in his power to dump the price even more and then would buy a whole lot of Bitcoins Cheesy

If the second case - then he's probably waiting for the price to recover and then will sell.

Pamadar

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Quote from: yhiaali3 on June 07, 2021, 10:58:24 PM

Of course, Elon Musk is a big hodler and is waiting for the next round. I am sure that he is buying huge amounts of bitcoin now after this big drop and filling his wallet with bitcoin to sell it later after the rise.

He can do that or he still influencing the market to bring the market down for more so he can collect those cheap coins and
bag it all then wait for another bounce.

Quote from: yhiaali3 on June 07, 2021, 10:58:24 PM

Elon Musk has lost his credibility and it has become clear that he wants to manipulate everyone, he is a trader in the end and he does not care about Bitcoin or anything else, but rather he cares about filling his pocket with money in any dirty way.

He care about money for sure, Musk is a business person and knowing his personality he's here to collect more money to whatever
process he thinks that will work for him, not even losing his credibility.

michellee

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Quote from: yhiaali3 on June 07, 2021, 10:58:24 PM

Of course, Elon Musk is a big hodler and is waiting for the next round. I am sure that he is buying huge amounts of bitcoin now after this big drop and filling his wallet with bitcoin to sell it later after the rise.
Elon Musk has lost his credibility and it has become clear that he wants to manipulate everyone, he is a trader in the end and he does not care about Bitcoin or anything else, but rather he cares about filling his pocket with money in any dirty way.

He will buy more bitcoin secretly without anyone knows but he will announce it later, just to make sure that people follow what he said. Maybe Elon lost his credibility right now, but we know that he still has more power to move people to follow his tweet. We can not underestimate his power, especially after we saw it before. But we do not have to follow him because he can not always right about what he said, so we need to analyze first before we do something. That is the best thing that we can do.

Kittygalore

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Elon doesn't have any bitcoin, Tesla has the bitcoin and it will take a lot of decisions before they can sell their bitcoin, it's not just Elon. He may be the head of the company but that doesn't mean that he can just go and decide everything on his own.

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