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.

FanEagle

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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.

teosanru

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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.

bitgolden

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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.

XCANA

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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?

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

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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.

Hamphser

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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.

Silberman

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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.

barbara44

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Quote from: xSkylarx on June 10, 2021, 09:42:04 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, 03:30:42 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, 04:45:46 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, 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?

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, 11:09:17 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.

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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?

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.

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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.

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, 04:29:27 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, 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?

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.

Shasha80

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Quote from: Oceat on June 09, 2021, 06:57:04 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.

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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.

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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, 11:09:17 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, 11:09:17 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..

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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, 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.

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, 05:57:59 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.

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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.

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Quote from: yhiaali3 on June 07, 2021, 11:58:24 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, 11:58:24 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.

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Quote from: yhiaali3 on June 07, 2021, 11:58:24 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.

yhiaali3

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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.

adaseb

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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.

Fundamentals Of

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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.

tokoorochan

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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.

Wawa2013

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Quote from: nurilham on June 07, 2021, 06:56:05 PM

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.

Silberman

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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?

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.

nurilham

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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.

acener

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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.

STT

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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.

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Quote from: stomachgrowls on June 07, 2021, 03:59:24 PM

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. Cool

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.

stomachgrowls

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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. Cool

The Cryptovator

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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.

Gozie51

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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.

buwaytress

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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.

SaShiRaJaVu

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

btc_angela

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

sgbett

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https://twetch.app/t/cbcef101fbeb21ac1dc1152eaf282fd6189a05a985691a355238c892d151ca89

topbitcoin

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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.

michellee

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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.

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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.

Branflakes92

newbie

Activity: 5

Merit: 0

He's probably waiting to see if he needs to 'test liquidity' again to prop up Telsa's Q2 financials.

Ziskinberg

hero member

Activity: 2926

Merit: 636

For campaign management look for Little Mouse!

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

It was his call and for sure it does if he wants. He is a known businessman, he knows what is right and where he can benefit more.
Well, I don't think he was a real holder but surely he was a real market player who has the power to manipulate the market.

Anyway, I don't think we need to know what is plan, he never tells us for sure. And we never know how much he holds for now or he sells it already when we reach ATH.

BayAreaCoins

legendary

Activity: 3878

Merit: 1238

Owner at AltQuick.com & FreeBitcoins.com

I consider anyone that says they aren't going to sell their Bitcoins a liar or a fucktard with more money than sense...

dimonstration

hero member

Activity: 2562

Merit: 659

Dimon6969

Elon already proves how good he is in investing and manipulating the market, he is smart enough to take advantage of the market condition,he will for sure will sell some of his investment or probably already sold his btc that causes some dumps in price. Many will still follow him especially the newbies,old traders already know wha he’s up to but for newbies that follows him they will for sure get to follow what he’s investing.

Beparanf

hero member

Activity: 2730

Merit: 754

Burpaaa

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?

Elon musk is a smart investor. He will not hold forever on his bag knowing that cryptomarket is so volatile. I believe he already sold the majority of his crypto assets that's why the tone of his tweets changes from positive to constructive criticism. He was already in huge profit and selling his big bag in one go is not possible. Slowly unloading is his best move rather wait at peak then sell since the sell-off on crypto is very quick everytime the price reach ATH.

anu1908

sr. member

Activity: 770

Merit: 268

does that really matter though? elon is not stupid. even if he wanted to sell, he won't use exchange to do it (at least not the majority of his order won't go there). he might already sell some, so it doesn't really matter. he's just another whale. no need to guess what he wanted to do, just follow the market trend.

PercT4b

member

Activity: 97

Merit: 10

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?

Topic: Is Elon going to sell his BTCs? (Read 555 times)