Not sure, Already he buys huge amount of bitcoin.
I think bitcoin will hit $70 k very soon. Elon musk can invest again, if bitcoin dumping. Price of btc is decreased today. The price change in 24 hours is almost 10k.
Topic: Is Elon Musk looking to buy more Bitcoin ? - page 3. (Read 532 times)
Elon Musk buying Bitcoin is possible but I guess he might also try and attract the users into an Alternate Cryptocurrencies like what he did to DogeCoin even though he did not buy some of it, he still boosted its value due to his influence. Its a good thing for him buying Bitcoin but he really should try and lay low because some sudden crash can leave new users that invested greatly devastated when they experience it.
I remember a few years ago when the JP Morgan thing happened where the CEO was talking trash about Bitcoin and then price crashed after that, people were saying he said it purposely so that he could get in cheap. And now people are saying the same about Musk saying BTC was too high so he could buy it below 50k again. Great move if it's true. It's not.
I guess, yeah, he will buy more bitcoins. He just found the easiest way to skyrocket his profits. He says btc is good = price rises, then sells his bitcoins. Then he will say again how exciting btc is, price will rise, the same will happen. Haha, it's so funny I can't even imagine whether I am in a dream state or not.
But since Karma is a bitch, I hope that when he buys bitcoins and says that it's great, opposite happens and price will fall until next halving, then this man will end up bad. But there is a low possibility that it will happen because this man has huge influence on people and has marketed himself very, very well, I am really amazed. But problem isn't in Elon Musk, problem is in the society that blindly follows his words.
But since Karma is a bitch, I hope that when he buys bitcoins and says that it's great, opposite happens and price will fall until next halving, then this man will end up bad. But there is a low possibility that it will happen because this man has huge influence on people and has marketed himself very, very well, I am really amazed. But problem isn't in Elon Musk, problem is in the society that blindly follows his words.
The ultimate market manipulator is at it again.
Did he manipulate his own stock as well?
Love him or hate him, that's how people make tons of money in crypto sphere. And we have complains about big whales before because of manipulation. If the market goes down because of Elon Musk manipulation, then so be it. But bitcoin is huge for even the richest person in the world to manipulation though.
I'm sure Elon Musk has had bitcoins as well as other cryptocurrency for a long time!
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
Now he has skillfully manipulated the price... But there is hope that other companies will follow him and start buying bitcoin too...
The ultimate market manipulator is at it again.
Your post context and your post title are different though, I would call it a clickbait much like what Musk is. 
Anyway, we all have seen how Musk has manipulated the market and instead of going through a steady organic rise made the market crazy and pumped to 55k USD and predictions were flowing it for touching 60k - now look the has dropped back to 49k USD and the downtrend is going on.
This was what I tried to say in my previous posts. You dont buy at the top but sell. Musk probably sold his buying at the new high and now is smoking over his new profits. The losers are the ones who bought at 55K USD and now are at a loss.
These celebs dont buy bitcoin after saying that they bought it. They sell at that time. So dont get FOMOed, you will lose.
The ultimate market manipulator is at it again.
Are you being sarcastic?
It's kinda sad that we have to rely on Elon Musk only,in order to pump the Bitcoin price.
A rich guy buying BTC and pumping the price by 10-20%.This really looks like market manipulation,but it is completely legal,I think.
The crypto markets are still really,should I say,immature.Where are the millions of BTC newbies that will invest in Bitcoin and pump the price,so the price growth is combined with mass Bitcoin adoption?
I assume that Musk will wait for another price correction back to 30-40K USD and then start buying BTC again.
Who cares if he is purchasing more coins, i read somewhere that he already gained a profit of one billion with his investment in a short period and it is possible that he might invest again. There is no point in giving too much attention to his troll tweets and if anyone thinks that his tweets have the influence to sway the market then they will invest and eventually end up in a loss if your sole interest is to jump during the hype.
^ That is right, putting him on our ignore list is much better as of now, I don't like him at all and he will never influence me of what he said. I don't care if he is one of the successful businessmen on earth. He was trying to manipulate BTC price for his own interest probably. He thinks that it is easy for him to manipulate the BTC price since he knows from the start he could make it and it seems like what happened to DOGEcoin it will able to pump up in the market. But not the BTC, he cants able to manipulate this even he think, he is the influencer of people in the crypto space.
Whether we like it or not, he is capable of making the markets move. Some people are even inciting that the reason for BTC price dipping is because of his comment recently when he said that prices were a bit "high" as seen in this article. Although the market is really due for a correction after hitting ATH just recently and TA suggests that it will to try to reach support of 50,648 area, Elon's statements could have given it a nudge. And as one of the richest man in the world, you really can't deny that people will follow what he says. As you can see how he hyped for Dogecoin has brought other celebrity investors like Snoop Dogg. After all, he owns a great amount of BTC so many eyes are on him and what his next moves will be.
Right now there are a lot of people, who are closely following the tweets and statements from Elon Musk. Everyone in this world want to be rich. And they believe that by following the richest people, they can also increase their wealth. Elon Musk is the second richest person in this planet (after Jeff Bezos), with a wealth of $169 billion. No one would take his tweets seriously, if he was not in the Forbes Billionaires list.
buy 50,000 at $30k =$1.5b cost(jan)
sell 50,000 at $58k = $2.9b fiat(feb)
?buy 60,000 at $48k = $2.9b cost(feb) possible move
?sell 60,000 at $54k = $3.2b fiat(feb) possible move
2x fiat in a few weeks +possible 20% extra coin
sell 50,000 at $58k = $2.9b fiat(feb)
?buy 60,000 at $48k = $2.9b cost(feb) possible move
?sell 60,000 at $54k = $3.2b fiat(feb) possible move
2x fiat in a few weeks +possible 20% extra coin
Who cares if he is purchasing more coins, i read somewhere that he already gained a profit of one billion with his investment in a short period and it is possible that he might invest again. There is no point in giving too much attention to his troll tweets and if anyone thinks that his tweets have the influence to sway the market then they will invest and eventually end up in a loss if your sole interest is to jump during the hype.
As we look into it, Elon Musk doesn't have any effect on him because we all know that he is the top and most rich person in the world. A simple billion is a simple and normal gain for him. But his actions about cryptocurrency does affect the market and the investment of other persons. We can say that Elon Musk have some agenda but it dodn't clear for us to know what is it. The hype that Elon are making is one od the reason why many people earn in different coin, recently about the Doge and about the fact that he bought a very large amount of bitcoin. I think somehow it is good for traders and it is opportunity to make profit.
Who cares if he is purchasing more coins, i read somewhere that he already gained a profit of one billion with his investment in a short period and it is possible that he might invest again. There is no point in giving too much attention to his troll tweets and if anyone thinks that his tweets have the influence to sway the market then they will invest and eventually end up in a loss if your sole interest is to jump during the hype.
^ That is right, putting him on our ignore list is much better as of now, I don't like him at all and he will never influence me of what he said. I don't care if he is one of the successful businessmen on earth. He was trying to manipulate BTC price for his own interest probably. He thinks that it is easy for him to manipulate the BTC price since he knows from the start he could make it and it seems like what happened to DOGEcoin it will able to pump up in the market. But not the BTC, he cants able to manipulate this even he think, he is the influencer of people in the crypto space.
Who cares if he is purchasing more coins, i read somewhere that he already gained a profit of one billion with his investment in a short period and it is possible that he might invest again. There is no point in giving too much attention to his troll tweets and if anyone thinks that his tweets have the influence to sway the market then they will invest and eventually end up in a loss if your sole interest is to jump during the hype.
It is normal psychology that when one has tried something and likes it, it is normal to come back for more. With the continuing rising price of BTC, Someone who had some and has had a taste of its benefits will definitely want more. It will come as no surprise to meif Elon decides to buy more bitcoin.
The ultimate market manipulator is at it again.
Well, i do not see Elon Musk to be a market manipulator, instead what he does is that he is using his freedom of speech.
Do you know how many people talk about btc, dogecoin etc on twitter on daily basis.
If what he says has power, that means he is simply enjoying the benefits of building himself into an authority.
So, if you want to wield the same power, i guess you should build yourself to become a highly respected personality-online and offline.
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
https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments
This is what i think fascinated Elon Musk more than even the coin, the blockchain technology supporting the coins. Well, i see in the future he would build products in this space. He would have probably by now studied all that he needs to know about blockchain technology. I wont be surprised if i see him launching his unique product-as you all know his products are alway unique.
[moderator's note: consecutive posts merged]
There has a possibility to buy bitcoin again if he see a deep price. Because we already got that news what is Tesla made a huge profit in just a month by investing in bitcoin rather than selling cars in a year. So, there has a huge percentage of chance that he could be again buy bitcoin. Not only bitcoin i think he is spending his time on cryptocurrency to research other great project. We got some hints about this matter on his tweet. That he is trying to talk about other project. So we can predict that there has a huge possibility to invest in crypto again. Because he knows how to make money and he also knows to take chances.
The ultimate market manipulator is at it again.
He is a perfect manipulator to be very precise. He must already have brought quite a lot of bitcoin from his personal wealth too. Talking about TESLA buying bitcoin SEC has been quite strict in it's recent circular and recommended companies to hold their excess cash in Us dollar and related investments only rather than investing the money into cryptocurrencies. It's obvious as this reduces the amount of Investment in the economy thereby reducing the Growth rate of the economy which is a basic requirement especially in these covid situations. On the Contrary Elon musk can be tons of bitcoin using his personal funds and chances are he won't really get noticed too quickly unless he chooses to disclose obviously.
This has to happen if we need to keep going. $60k is going to be the next target for most after this dip is over. It's just another moment that has to go through before we go to the next levels if we want to see it.
If this dip is finally over then it's bottom is $52k and that's still a decent price if you'll think of how much bitcoin was 2 or more months ago.
If this dip is finally over then it's bottom is $52k and that's still a decent price if you'll think of how much bitcoin was 2 or more months ago.
Depends entirely on his speculations in this market. Practically, an investor would aim to invest whenever the price is falling but things are different in every situation. Some investors will just stick with their plans from the start which is to hold and to consider additional amount of investment in this technology. It is more likely to see Elon Mush spreading the good side and advantage of Bitcoin in order for bigger profit to be earned from what he have engaged himself with. To sum it up, there is indeed a tendency for him to invest more but no one holds its validity other than himself because that will depend entirely to him.
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