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.
Topic: Is Elon going to sell his BTCs? - page 4. (Read 728 times)
What is confusing about his posts is that one day he is in love with Bitcoin and the next day he is breaking up with it. Then the day after he changes his avatar to Bitcoin again and confusing everybody. One thing I am sure is that he can’t legally on a public service say in advance whether Tesla sold its holdings or not since it’s a public company traded on the stock market.
Tesla stock price is dependent on whether they hold the bitcoins or not since it represents a portion of its balance sheet. So if he says anything it might trigger insider trading and what not.
However if I recall he holds some BTC personally that he bought with his own money. So those he can do as he wishes.
Tesla stock price is dependent on whether they hold the bitcoins or not since it represents a portion of its balance sheet. So if he says anything it might trigger insider trading and what not.
However if I recall he holds some BTC personally that he bought with his own money. So those he can do as he wishes.
Elon knows better than sell all of his Bitcoin. What would he gain by selling all of his appreciating currency? And sell for what? Sell into fiat? That would only depreciate his worth over time. Elon knows that Bitcoin is way much better than fiat.
Although I want Elon to sell all of his Bitcoin and just leave it alone for good, I don't think he is stupid enough to just let it go. His Bitcoin criticisms had a different motive. He probably does not leave Bitcoin.
Although I want Elon to sell all of his Bitcoin and just leave it alone for good, I don't think he is stupid enough to just let it go. His Bitcoin criticisms had a different motive. He probably does not leave Bitcoin.
i am not sure elon will sell his bitcoin , if he sell it now how much losses will suffer him. he is business man , everything will calculate well.
Only Elon can answer this. We cannot answer it accurately. We even don't know if Elon is still holding BTC. How if Elon already sold all their BTC before he spread FUDs. In my opinion, this question is better to ask to Elon directly on their social media, especially on his tweeter. He never posted in this forum, so for me creating this question in this forum will be useless.
I'm sure we all will never know Elon Musk's plans, so no one knows whether Elon Musk sold the BTC he owns or not.
I agree Elon Musk must have taken profit when the BTC price was above $60k. Therefore he dared to spread FUD,
because he might want to buy more Bitcoin at a low price. Therefore, I agree that discussing this matter is a little useless for us.
After all, only Elon Musk knows what he's going to do. I think focusing too much on Elon Musk will only waste our precious time.
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?
Wait, do you think Elon still has coins? Unless he signs a message with that amount of coins then I do not believe a word of what he is saying, he crashed the market, do you think he is dumb enough to do so when he was still on the market? You do not get to become the second richest person around the world by doing stuff like that, so I think he has no coins already which is why he feels so free to talk negatively about bitcoin and other cryptocurrencies. 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?
Only Elon can answer this. We cannot answer it accurately. We even don't know if Elon is still holding BTC. How if Elon already sold all their BTC before he spread FUDs. In my opinion, this question is better to ask to Elon directly on their social media, especially on his tweeter. He never posted in this forum, so for me creating this question in this forum will be useless.
Does it matter if he sell his crypto or not there are so many whales out there not just Elon so why not ask if they are also going to sell their holdings?
They are the only ones who could answer that kind of question and for sure they wouldn't announce it unless they wanted to make other people do the same thing and buy back at lower price.
They are the only ones who could answer that kind of question and for sure they wouldn't announce it unless they wanted to make other people do the same thing and buy back at lower price.
Companies dont have to sell they hedge positions all the time, its very normal to do this with FOREX and in their operations internationally they have no desire to be bound to whatever currency weakness may be taking place yet still require operations to continue in that country. The same thing will apply here, if BTC needs to cycle through 20k prices before rising later its quite possible for a company like Tesla or anyone of large size to hedge their holdings. He might gain on an option held to buy at 20k that previously cost very little to buy and appreciates alot with lower prices but lose on the asset value itself as far as accounts go. At some point he sells the option and overall there no loss or gain Im unclear he has to declare that at any point or not, it might just be the actual asset itself that is reportable but its fairly normal activity in a variety of assets so far as I know.
Doesnt really care whether he hold or sell off his coins.We do have our own decisions in life and its none of our business on what he would gonna do into his coins. 
Well said, but people keep discussing about his next move. This is just a way to pacify themselves, because these whales shatter the market in no time. We have our own decisions, and it won't make anything in the market. The move of him could make something positive/negative with our holdings. I believe he'll crash the market to acquire more. 
Doesnt really care whether he hold or sell off his coins.We do have our own decisions in life and its none of our business on what he would gonna do into his coins.
My belief he is holding Bitcoin more than Tesla. And most probably he sold his coin and dump it. We don't know or can't trace the address either he is selling or buying. I am assuming he just dump it to accumulate more. Although he has stated that he hadn't sold any Bitcoin which proves that he is holding Bitcoin personally. Also if he is using the exchange to sell or hold then it's quite impossible to trace. A few days back his few doges were frozen by a centralized wallet called Freewallet. Just don't believe him and don't follow him as well.
Elon has been long in business and understands the game quite well than many here. And he is a big mover of the market which means he also know when his tweet can force people to buy or dump so that is the operational factor. IMO then , I won't expect that he has bunk of his bitcoin hodlings with him if he has caused price of bitcoin to drop this far. He may be waiting to refill his bag again and that is actually what a whale investor should do. It is better to sell and buy low instead of hodling all the life eternity.
Um no. He didn't "expose" Bitcoin's environmental issue. All he exposed was his acting like any newbie rushing headfirst into a tech. Liking what he saw, and then finding out belatedly the actual industry required to secure the network, and yet somehow not understanding how that is what makes all the shiny benefit of PoW security and finality only Bitcoin has possible.
He won't sell it all, but I hope he does. Those Teslas need producing.
He won't sell it all, but I hope he does. Those Teslas need producing.
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 am a firm believer that Elon Musk sold all of his coins before started to trash Bitcoin and come up with environment shit so that the market would go down and it is a clear case of manipulation as he wanted to price to go down, do you really think he will be talking against Bitcoin if he is really holding the coins.Never listen to these shills and there is no point in talking about his exploits as he already proved that he is trolling the entire market and yet people are following his astonishes me as there are several other investors who are holding more coins than Elon does.
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'm under the impression that it was his company who bought $1.5 billion worth of bitcoin.
With that said, it's not totally his decision to sell it or not, they have board of directors, although he is still the majority owner of the company, every decision, specially with that huge investment. The board will have something to say, or at least they have powers to make decisions as well not just Elon himself.
I agree that he has cause so much selling pressure for bitcoin investors, but I doubt that a single entity can really put bitcoin down, just saying.
"@elon already sold. It's in the next quarterly report."
https://twetch.app/t/cbcef101fbeb21ac1dc1152eaf282fd6189a05a985691a355238c892d151ca89
https://twetch.app/t/cbcef101fbeb21ac1dc1152eaf282fd6189a05a985691a355238c892d151ca89
I already see bitcoin price dumped in worst scene (big percentage from peak price). So i think if Elon dump his coins, will only need time for price of bitcoin to be back again. I think if that really happen, he is investor too, if he think it is profitable for him and sell it, so let it be. We even can't do anything about it beside take and maybe if people can get benefit from it, they can short in bitcoin when that thing happen.
I do not think Elon will sell his bitcoin if he really knows the benefits of bitcoin in the future. Maybe he will buy back more bitcoin, especially at this time and next time when the price is down, because he wants to make a profit in the future. He does not have to sell his bitcoin because he already makes a big profit from his other business, so why he should sell his bitcoin if he can hold it for the long term? But we do not know his plan with his bitcoin, and we can only predict what he will do later.
The guy clearly is playing with this industry. I really do not understand why peoppe still believe the bullsh*t that are on his tweets. The guy loves the attention and doesn't care about the domino effect of his tweets he got his profits already and may have been accumulating on the dips. If you still believe in Elon Musk's tweets, you'b be better of believing unicorns instead. At least it won't harm your investments. He is indeed intelligent but that doesn't give him the right to play with people's assets.
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