Is Elon Musk looking to buy more Bitcoin ?

RealMalatesta

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Quote from: aioc on February 23, 2021, 06:33:47 PM

Either way, their entry into Cryptocurrency will help in adoption and introducing it to the greater masses, Tesla is the second biggest company to get in Cryptocurrency and I see this snowballing, and we shall see many more small medium, and big companies getting in the Cryptocurrency and that will push the price up, and stabilize it, it's hard to ignore when big names are into Cryptocurrency.

That will help crypto become wider when the big companies using cryptocurrency as we will see the mass adoptions in that country will grow too because people who live at that company will see the company's trust by using crypto. People will try to search for why that company uses too big money to invest in crypto. And when they can see the company's real reason, I think some of them will follow that company to invest in the crypto.

First of all the feeling of "if tesla buys some, that means it can't be too bad" is a real one, because some people who are on the fence about buying or not see these kinds of news and they end up buying as well, that is not really stupid neither because something Tesla buys could rarely be a bad investment, sure it doesn't have to go up or down constantly, it could be volatile and all, but it is surely not a scam at least, which many people are still afraid that bitcoin could be.

When you get those people to bitcoin, you get them into other crypto a lot easier as well, you can absolutely make someone buy ETH after they get into BTC, and you can definitely get them into something else when they buy ETH as well. It is a long process but people who get in like that usually do not get out that easily, only people who get in to make a quick buck leave very quickly.

LUCKMCFLY

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Quote from: Quidat on February 23, 2021, 05:36:54 PM

Quote from: LUCKMCFLY on February 23, 2021, 04:56:16 PM

Quote from: Twinkledoe on February 23, 2021, 03:46:57 PM

Quote from: Ultegra134 on February 23, 2021, 03:08:19 PM

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

We are now experiencing the seemingly bearish period of btc market. And for those who are waiting to drop the price to accumulate, this is a good time to do that. Though we don't know how far it will drop, but I believe we will get out again from this price and will go up again. There are so many stakeholders in play already, and the adoption is growing. So sooner or later, it will increase again.

If it is a good time to buy, in fact it is the smartest way to do it, although now the market is perhaps waiting for that momentum either bullish or bearish, we have seen that none of the big ones, like Elon Musk, have yet manifested themselves. Microstrategy, I think that if they give one type of information, it will surely cause another amount of massive purchases due to emotions, of course if it is FUD only weak hands will sell.

All presumptions in times like this on talking about manipulation and stuff but we dont even know on whats happening beyond those curtains.
Recently we have seen those fundamentals or news about Musk had lost up billions and rank down as the richest man in the world.
Did his negative sentiment or comments/tweet about bitcoin did really affect? Is the the sole reason? Possible but not really that precise.
Big corporations and institutions would really see this as an opportunity to buy,

Yes, and that is where some books teach that when there is bad news it means to buy, because that is when the big corporations or Stronh Hands do it, particularly the market does not usually react immediately to the news, unless it is fundamental, but we live today . where many put most of their history and life on social networks, it is a way to take advantage of so that some get carried away, especially the followers of the most famous.

aioc

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Quote from: seoincorporation on February 22, 2021, 11:34:47 AM

I'm not sure if he will be buying more but he will start accepting bitcoin payments for his electric cars. So, it looks like he is more interested in blockchain technology than the coin market.

https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments

Either way, their entry into Cryptocurrency will help in adoption and introducing it to the greater masses, Tesla is the second biggest company to get in Cryptocurrency and I see this snowballing, and we shall see many more small medium, and big companies getting in the Cryptocurrency and that will push the price up, and stabilize it, it's hard to ignore when big names are into Cryptocurrency.

FlightyPouch

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Quote from: armenmerikyan on February 22, 2021, 10:45:25 AM

The ultimate market manipulator is at it again.

We don't know about that but all I know right now is that Elon Musk is not the only one wanting to invest their money to bitcoin. There are a lot of people waiting for the price to dip like this so they could have an opportunity to reinvest. And right now is the time.

I will not be surprised if the price fall further all I know is that we might never see this price again in the future.

Yatsan

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We certainly do not exactly know for minds of people do change over time. But we do certainly hope that he will because as we can see on his recent interaction of buying Bitcoin through Tesla, there is really a big movement that have happened in the market wherein because of gradual influence that he have as an individual, many people have been into the market to support and engage into getting with Bitcoin and maybe into other existing cryptocurrencies in the market as well. We will just have to wait and see if he will or he will not engage into buying more Bitcoin but for sure people are expecting that he will.

Quidat

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Quote from: LUCKMCFLY on February 23, 2021, 04:56:16 PM

Quote from: Twinkledoe on February 23, 2021, 03:46:57 PM

Quote from: Ultegra134 on February 23, 2021, 03:08:19 PM

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

We are now experiencing the seemingly bearish period of btc market. And for those who are waiting to drop the price to accumulate, this is a good time to do that. Though we don't know how far it will drop, but I believe we will get out again from this price and will go up again. There are so many stakeholders in play already, and the adoption is growing. So sooner or later, it will increase again.

If it is a good time to buy, in fact it is the smartest way to do it, although now the market is perhaps waiting for that momentum either bullish or bearish, we have seen that none of the big ones, like Elon Musk, have yet manifested themselves. Microstrategy, I think that if they give one type of information, it will surely cause another amount of massive purchases due to emotions, of course if it is FUD only weak hands will sell.

All presumptions in times like this on talking about manipulation and stuff but we dont even know on whats happening beyond those curtains.
Recently we have seen those fundamentals or news about Musk had lost up billions and rank down as the richest man in the world.
Did his negative sentiment or comments/tweet about bitcoin did really affect? Is the the sole reason? Possible but not really that precise.
Big corporations and institutions would really see this as an opportunity to buy,

Ridwan Fauzi

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Quote from: armenmerikyan on February 22, 2021, 10:45:25 AM

The ultimate market manipulator is at it again.

If bitcoin price countinue to fall at least for this week there will be a sign the bearish market will come. I don't know why everytime he bought bitcoin he will make a statement on his twitter account. Maybe to attract many people to still hold and add new costumer for bitcoin. It means he will be afraid that his investment from bitcoin will make him lose his money. I doubt, if he really likes bitcoin because its system and its function.

LUCKMCFLY

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Quote from: Twinkledoe on February 23, 2021, 03:46:57 PM

Quote from: Ultegra134 on February 23, 2021, 03:08:19 PM

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

We are now experiencing the seemingly bearish period of btc market. And for those who are waiting to drop the price to accumulate, this is a good time to do that. Though we don't know how far it will drop, but I believe we will get out again from this price and will go up again. There are so many stakeholders in play already, and the adoption is growing. So sooner or later, it will increase again.

If it is a good time to buy, in fact it is the smartest way to do it, although now the market is perhaps waiting for that momentum either bullish or bearish, we have seen that none of the big ones, like Elon Musk, have yet manifested themselves. Microstrategy, I think that if they give one type of information, it will surely cause another amount of massive purchases due to emotions, of course if it is FUD only weak hands will sell.

Twinkledoe

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Quote from: Ultegra134 on February 23, 2021, 03:08:19 PM

I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

We are now experiencing the seemingly bearish period of btc market. And for those who are waiting to drop the price to accumulate, this is a good time to do that. Though we don't know how far it will drop, but I believe we will get out again from this price and will go up again. There are so many stakeholders in play already, and the adoption is growing. So sooner or later, it will increase again.

armenmerikyan

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Quote from: DexHaer on February 23, 2021, 02:13:53 PM

I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

What China's mining bitcoin thing ?

Ultegra134

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I wouldn't be surprised at all to be honest. Lots of major investors will take advantage of such correction in order to obtain more, when (And if) the price rise again. Musk will be one of them for sure, let's keep in mind that he has the ability to impact the market.

I'm trying to remain confident about the market, that it will be over soon or that they will eventually recover. Maybe not in a week or two, but in the near future.

tinopener

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Quote from: DexHaer on February 23, 2021, 02:13:53 PM

I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

There was also a big tech stock sell off today attributed to inflation and bond interest rate rises.

Although people like to think of Bitcoin as not correlated to the stock market, people do tend to treat it like a tech stock to an extent.

ven7net

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Quote from: armenmerikyan on February 22, 2021, 10:45:25 AM

The ultimate market manipulator is at it again.

Personally, I will not be surprised at anything, even if the crypto market is now dumped in order to buy more cryptocurrencies at a low price. As for Elon Musk, we know that he personally does not buy BTC, but as he said his company does it. It is likely that now someone is buying wholesale, and it can be any large company or fund. Probably, soon we will see the news that someone bought something BTC. All this shows us that 2021 is the year when large companies will buy cryptocurrencies, and we will see prices rise and fall.

DexHaer

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I find it strange to believe that Elon Musks tweet about BTC price made it go low, so much percent. Tesla didnt sold BTC or smth. Or like Janet Yellen comment made so much impact on Bitcoin community and bitcoin investors. I believe it is more about China's minining bitcoin thing.

tinopener

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Quote from: Kelvinid on February 23, 2021, 09:01:45 AM

However, we don't know what will be the next plan for Elon Musk. That he is pumping Bitcoin, shilling Doge and it creates a huge drama in the market and the price went so wild. But I don't think he is done already in crypto and the declining sentiment that we have now seems to be the way for Elon to accumulate more and do the hypes again.

He just called Peter Schiff a dick on twitter after Schiff rubbed his nose in the Tesla price dip.

I reckon Elon has got the opportunity for one more pump before the SEC come for him again for market manipulation.

He's gonna have to hit back at Schiff with another pump I reckon...

Pass the popcorn Tongue

milani

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Personally for me it does not matter at all will the Elon Musk buy more Bitcoins or less, or may be some days ago he decided to buy Bitcoins and accept it as the means for paying for his electric cars, and tomorrow he will change his mind and will decide to do something another. It is his personal deal. Bitcoin has been existing somehow in its decreasing and increasing without his opinion or decisions. I think Musk needs Bitcoin more than Bitcoin his support)))

Vishnu.Reang

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Do you guys really believe that the crash was caused solely as a result of the tweet from Elon Musk? What if it was purely coincidental? During the past 4-5 months, Bitcoin went up from 10K to around 58K. We were expecting correction at some point. Now Elon might have provided trigger for this correction, but I don't think that it could have sustained without other factors.

armenmerikyan

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Quote from: so98nn on February 23, 2021, 10:48:59 AM

He is definitely trying something. Just look at the market, dropped almost 15-20% cumulative since three days. That’s huge drop considering the current price of bitcoin. Not just that, market is continuing to drop itself even after such big dump.

This does not look like Market Correction at all.

It’s clear indication that bitcoin is being manipulated by someone and currently there none other than Elon whose in the picture.

Good thing is that if it’s really he, then he will bring up the market crazy high. 😊

100% and he is definitely not selling that's for sure.

so98nn

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He is definitely trying something. Just look at the market, dropped almost 15-20% cumulative since three days. That’s huge drop considering the current price of bitcoin. Not just that, market is continuing to drop itself even after such big dump.

This does not look like Market Correction at all.

It’s clear indication that bitcoin is being manipulated by someone and currently there none other than Elon whose in the picture.

Good thing is that if it’s really he, then he will bring up the market crazy high. 😊

gabbie2010

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Quote from: blue_nexus15 on February 23, 2021, 09:52:41 AM

Quote from: armenmerikyan on February 22, 2021, 10:45:25 AM

The ultimate market manipulator is at it again.

Maybe, many people are enjoying the move by Elon Musk. But I think to be cautious, this week the adjustment continues, it may be a double-edged sword. The whales are re-feeding their prey with many tricks. I think I should wait a while longer! Elon Musk is a lot of tricks and daring!

I am quite sure some cryptocurrency traders and some people must have been capitalizing on the market move influenced by Elon Musk, it obvious that the market had dumped in the last couples of days and are in bearish runs thus appropriate time to short trades at the supply zones i.e at support zones however those traders are cautious of the fact that the market is being influenced and manipulated by the whales thus placed trades with stop losses because a big and sudden move will result to hitting stop losses

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