Is Elon Musk looking to buy more Bitcoin ?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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. 😊

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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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I think he is in an unparalleled position to manipulate markets with his tweets. I don't think there is anyone in such a powerful position in this environment.
I think he is more influential than Zuckerberg, Bezos, Gates.

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Quote from: Jesabela04 on February 23, 2021, 10:10:46 AM

I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.

Obviously, Elon has techniques that can manipulate the price of some assets being traded on an exchange. His venture into bitcoin gives him an unregulated environment to manipulate the price.

it's going to be wild ride to one billion.

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I'm sure that he will buy and accumulate more. He's actually starting to manipulate the market which most of us aren't aware about. He's using his influence and his followers are actually basing their trading and investing decisions on his Twitter post which is actually too risky because it seems like he's doing this for his own good.

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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!

synd66

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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

interesting article

Bitcoinislife09

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Quote from: Mr.sprin on February 23, 2021, 09:00:21 AM

read a lot about Elon Musk and I follow him on Twitter I see Elon Musk is not an old person in crypto he is a new person in crypto but because he has a large amount of capital what is said to be true could be real maybe he is an influential person in the crypto market .

Elon Musk is very influential in cryptocurrency as we see in the DOGE coin increasing its market price so much for a token without any use and with just a Twitter post people are invested in the token even gaining up to 1000% in the market up to .08 cents. He's a very smart person so for sure he is also interested in investing in cryptocurrency I think we could expect a lot of manipulation in the market price. The market is just so volatile with just a single news market price could easily down up to a big percentage just like what happened to DOGE and bitcoin.

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Quote from: vintages on February 23, 2021, 08:32:09 AM

Should we care about this? Should we be relaying on him to buy Bitcoin so as the price will pump up?
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.

Well, I don't like it anyway and the situation went so risky compared to have a cheaper price below $20k, which is more affordable.

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.

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Quote from: masterzino on February 23, 2021, 07:30:57 AM

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

The ultimate market manipulator is at it again.

Yeah, the market is too volatile to the news.

I don't know about Elon Musk, but MicroStrategy just raised $900+mn to buy more Bitcoin. In theory, we should expect a new bull run very soon.

Maybe there are a group of companies that are manipulating the market with Elon at the Helm.

Mr.sprin

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read a lot about Elon Musk and I follow him on Twitter I see Elon Musk is not an old person in crypto he is a new person in crypto but because he has a large amount of capital what is said to be true could be real maybe he is an influential person in the crypto market .

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Quote from: DarkDays on February 23, 2021, 08:37:32 AM

Quote from: pinggoki on February 22, 2021, 11:24:48 AM

There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.

It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play.

And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news...

I am buying Tesla Call Option contracts, surprisingly Tesla stock has dropped like $100 in the last two days but the price for call options has gone up. That means that people are dumping Tesla Stock and buying tesla options as it gives them more leverage.

If I get a contract for $100, let's say bitcoin goes up to 1 billion, essentially I have leverage something like 50,000k on a $100.

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I think he is going to make Tesla operate on bitcoin only. Workers get paid in bitcoin, cars are sold in bitcoin and vendors are paid in bitcoin. I think he realized the massive potential of bitcoin as being a multi planet currency.

I wonder how a multi planet decentralized currency would work.

DarkDays

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Quote from: pinggoki on February 22, 2021, 11:24:48 AM

There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.

It is hard to say, why the market is dumping but all we can say for sure is that there is a lot of selling pressure and for the past 12h or so the bears have won over the bulls! This is a little distressing but it is the game we play.

And given that Musk has yet again said 'bearish' stuff about some crypto (won't be naming any) could suggest that there might be something developing. What's frustrating though is how quickly and reactive the market gets to this sort of news...

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Should we care about this? Should we be relaying on him to buy Bitcoin so as the price will pump up?
I personally feel that if we keep expecting him to do or tweet something so that it price will move, we will end up allowing ONE man to indirect control Bitcoin.
And this shouldn't be happening.

gurunanakji777

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He is the billionaire man and his words like magic for the majority of the traders and investors even many of the traders following Elon Twitter Ac and This is a big concern when influential people affects the market obviously current correction of the market is huge and hopefully whales will took benefit again but small traders should always due diligence before investment as we all know this is a highly volatile market. I also believe the current dip brings new opportunities for the big players.

meanwords

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It's quite funny though. He's one of the reason why Bitcoin pumped so hard this last couple of weeks yet he's also one of the reason why Bitcoin dump more or less $10,000 but it's kind of scary. The fact that he can manipulate the price of Bitcoin in just a single tweet can have a negative effect. Nonetheless, It's a good thing that he's pro on Bitcoin.

masterzino

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

The ultimate market manipulator is at it again.

Yeah, the market is too volatile to the news.

I don't know about Elon Musk, but MicroStrategy just raised $900+mn to buy more Bitcoin. In theory, we should expect a new bull run very soon.

jesselui

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Currently, a suitable environment has been prepared for high purchases. In my opinion, Musk will buy large amounts of bitcoin. Nowadays, bitcoin has become very dangerous and those with money should be careful.

Vishnu.Reang

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Quote from: 3meek on February 23, 2021, 02:32:36 AM

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...

If he is holding Bitcoin, then it may not be direct ownership. He has started again and again that he holds just BTC0.25 in his wallet, which he received as a gift many years ago. If it can be proven that he holds more BTC, then Elon can be accused of market manipulation. I believe him. His direct holding may be just 0.25 BTC. He may be having indirect holdings though.

Altcoinsintel

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He could easily be fined for this kind of manipulation. Saying that Bitcoin's price is too high, when having invested already 1.5 Billion USD means that he either sold or he wants to buy more cheap. It is very bad move to make anyway and people that can influence millions should have more respect to their followers and not abuse this power they have. Meanwhile Tesla stock is also down a lot after this tweet.

BlackHatCoiner

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He seems to be very interested with cryptocurrencies lately and specifically with Bitcoin and Dogecoin. I believe that he likes the blockchain technology generally, but this isn't good for the market. The richest person in the world wants to make a profit from bitcoin, damn. We will see tons of pumps and dumps.

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

The ultimate market manipulator is at it again.

repear7

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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.

mezzaluna

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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.

slaman29

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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.

shield132

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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.

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

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.

3meek

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God, save BTC!

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...

TheUltraElite

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So anyway, I applied as a merit source :)

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

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. Tongue

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.

davis196

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

The ultimate market manipulator is at it again.

Are you being sarcastic? Grin

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. Grin

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.

orions.belt19

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Quote from: DoublerHunter on February 22, 2021, 05:08:05 PM

Quote from: ene1980 on February 22, 2021, 02:37:15 PM

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.

Sithara007

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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.

franky1

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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

panganib999

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Quote from: ene1980 on February 22, 2021, 02:37:15 PM

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.

DoublerHunter

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Quote from: ene1980 on February 22, 2021, 02:37:15 PM

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.

ene1980

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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.

Rruchi man

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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.

Wenbing

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There is gold in volatility..

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

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.

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

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]

Imran232

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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.

teosanru

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

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.

jossiel

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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.

Casdinyard

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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.

dimonstration

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Dimon69

Quote from: Sterbens on February 22, 2021, 11:57:20 AM

with moments like this, how could an Elon not take advantage of the condition of bitcoin which is being corrected. Obviously he knew earlier than us he had even stocked even more. he will be enthusiastic about making massive games.

The hype is still on and definitely Elon will take advantage to acquire more knowing his too influential and can convince many big companies to join or invest in crypto too. It’s still not late to take advantage of the chance to acquire more BTC especially this pandemic that some economy is having some problem other investors will shift to find way to still earn.

electronicash

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now is a good time for him to buy. he always wants to push the price up so it's time for him to do it again. there is nothing left but good news that will make people buy BTC or his tweet announcing his purchase of another bag of BTC. it could be a nosedive if there isn't something eccentric like him. him tweeting can already manipulate the market.

Sterbens

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with moments like this, how could an Elon not take advantage of the condition of bitcoin which is being corrected. Obviously he knew earlier than us he had even stocked even more. he will be enthusiastic about making massive games.

Beparanf

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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

This is what I'm thinking. Elon is very smart and sure that he already acquired sufficient BTC for his position before he fully hype the market. Accepting Bitcoin as payment for his business is more reasonable method for him to acquire more rather than buying more through OTC so that it might boost the crypto market by showing adoption of Bitcoin on his business.

avikz

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

The ultimate market manipulator is at it again.

Very much possible! That's the risk for the small people like us when big corporates with billions of dollars jumps into the market. So they hold such a huge volume of bitcoins, where they can easily manipulate the market. However, this dip seems more like a healthy correction instead of a manipulation. because we haven't heard any news of big selling in the market. It is probably the retail investors are booking their profit in big numbers and price is decreasing to support another healthy surge in price. But Elon Musk can simply take benefit of such decrease in price and fill their coffers again with new bitcoins. No one knows!

seoincorporation

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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

pinggoki

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There is a big possibility that Elon Musk will buy again more bitcoin, as we are seeing on his Twitter and social media accounts, there are a lot of tweets that has been related to cryptocurrency especially with bitcoin and doge. Maybe he is manipulating the market in order for him to buy more bitcoin and play again to the current price of it in the market. There's no assurance that he will buy so much but we are thinking that there is a possibility that he buys. Who knows? He will not do it if there's nothing behind of his plans.

armenmerikyan

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The ultimate market manipulator is at it again.

Topic: Is Elon Musk looking to buy more Bitcoin ? (Read 517 times)