Bitcoin Forum

https://i.postimg.cc/NFrYxBbB/ms-main-hero-desktop.jpg

After a lots of rumers about tesla & elon mask is being blamed by bitcoin users that tesla are manipulating the bitcoin price market. They take exist from market after making profit by creating hype about bitcoin. Also people blame him by telling this the billionaire are comes to take entry as a lowest price on bitcoin and creat hype about it by viral this news. Then when other people invest their and price gone up then they exist from market by taking their profit and make the price dump.


This is the old news then 2 days ago a users ask the same question to elon via tweet then elon clearly give a statement that tesla still holding bitcoin. They didn't sold their whole investment they just sold only 10% from their profit. But people still didn't trust him that much. People thought its a game.


But but but the latest news is the Tesla's Q1 filing with the SEC reveals that it held $2.48 billion worth of Bitcoin on its balance sheet as of March 31. They also clear about the 10% selling matter. So i suggest to read the full article.

If you want to read the full article then read here (https://decrypt.co/69327/teslas-q1-sec-filing-reveals-2-48-billion-bitcoin-holdings)

Writter: Stephen Graves (https://decrypt.co/author/stephengraves)

Rumors. 

And bro, please, for the love of all that's dark and unholy, please don't post pics like that--that photo of the car takes up more space than the text in your post, and there's something not right about that.  Just stick to writing and forget about that kind of crap that the mainstream media does, e.g., feeding us pictures whether they're relevant or not to the article.

And yeah, Tesla holds a lot of bitcoin.  It's old news--and there was a thread the other day about Tesla selling a whole bunch of bitcoin as well.  I'm not sure what their game plan is as far as their involvement in the crypto world.  I would have thought that if they'd bought bitcoin it would have been for the long term, like the other companies that bought it as an investment or as an alternative to fiat.  Seems strange to me that Tesla made a sale so soon.

Why should I read the full article? You already gave us the TLDR: Tesla didn't sell their bitcoins and still hold lots of bitcoins. The dump wasn't caused by Elon.

Is there any other critical information in that article? I thought so too, no.

Hopefully he will keep holding it.

They have already sold a few Bitcoins but only a part. Tesla's quarterly statement from two days ago, includes realized crypto profits of $101 million. Of course, that could have been Dogecoins, but Elon Musk has never confirmed that he or Tesla have invested in Doge. So it stands to reason that it must have been Bitcoin sales.

Good that they show people that they are really committed and they meant what they said to the public for been interested in bitcoin. At least, when the market is down, there is this hope that it will rebounce back because the key players still remain in the system.
If Tesla is holding about $2 billion worth of bitcoin in value, I wonder how much they are looking for return with such kind of huge money that was deposited into bitcoin and again, the unforseen market collapse that often happens, I hope they are fully prepared for this volatility effects.

Why would the people trust Elon Musk? But not trusting Elon Musk does not mean Elon Musk is not to be trusted or untrustworthy; it is just that people should try to take Elon's words with a grain of salt. Otherwise, they might only end up among the millions of Elon's blind followers buying every piece of shit that Elon mentions in his tweets.

And, yes, this is a game. We, the plebs, will have to be vigilant. The rich will buy and sell at our expense most of the time.

 :D
But, there might be some people who don't know how a tesla looks like, he wanted to make the post more informative.
Too bad he hasn't posted all the models Tesla does, a few concept pics, and of course a mug shot for Musk.

I never understood this stupidity in some media when there is an event and they post random copyright free pictures for fires, avalanches or hurricanes, what the hell is the purpose of doing so, random article on fox:
How the fuck are those pictures relevant to the article, do they think there are readers who have no idea how a washing machine looks like?

That crap aside, why do we have to run into a new Tesla that has done that, hasn't done that, will do that every day on every board.
Yeah, they sold some of their bitcoins, yeah they still have some of their bitcoins, why is so much focus some those coins like the faith of the world depends on them?


How exactly are the rich buying and selling at the expense of others, can you please shed some light on how are they able to do this?
This of course, if you haven't mistaken the word plebs to for traders that buy and dump based on tweets, don't know how to call that species

OK.. so here is the summary - Tesla purchased around $1.5 billion worth of Bitcoin in January 2021, which increased in value to around $2.75 billion. They sold $290 million worth of coins a few weeks back and now they are left with $2.48 billion in BTC. So in short, Tesla has a realized profit of somewhere around $125 million (before taxes) and an unrealized profit of more than $1 billion from their investment in cryptocurrency. They should be happy about the numbers, I guess.

Knowing how whales and institutional investors hodl their bitcoins, I am sure that it will be a long time before they are going to sell bitcoin. To OP, you could've made a little less in your TLDR so that they checked your article but since it is a little too late, I guess that this is a lesson learned.

True, they didn't sell more up to March 31, but who knows if they were the culprit of the April 13 - 24 dump.
Tesla is a corporation, so you can expect they will maximize profits for themselves. Tesla and Musk aren't "the good guy" that will pump xxx coins price to make you rich. On the contrary, they will suck your money.

I guess Tesla will sell Bitcoin again, if they do need to show positive cash with the next quarterly - presuming they have to if they don't make enough cash with their core business.
It was a nice way for Elon to show a positive cashflow - guess he/Tesla wouldn't have sold if they didn't have to.

Depends how you look at it, to me if they were to buy more bitcoin then it is good because I am hodling a considerable amount of bitcoin and if it ever comes to the point where they dump a lot to get big profits then it will be an opportunity for me to buy more bitcoin to hodl so when the price bounces back and reaches another ATH then I will get more profit.

This is sad, for sure. But at the same time you should understand that "These companies rather take bitcoins as a whole just another investment opportunity". They did sell out a bunch of it but we can not be sure of how much and how much of btc they are left with. What they might be doing is - seeing how their sell-off influences the crowd for selling also making the price of Bitcoins even lower. But Elon Musk is not someone who would stand by the sides looking at that, he is just going to buy again.
Firstly he did not sell due to market Manipulation accusations ofc. They sold because they were scared to loose and there is a better buying opportunity now in some ATH. Plus he manipulates the market we all know so this should not come as a shock to us. They cannot sell everything in one go so I believe they might be the ones causing the downside. Just don't worry market would recover.

what you are saying is absolutely true, the mainstream media has a huge effect on the news that is disseminated, and it is dangerous to consume it raw without doing any research and clarification yourself.
Honestly, we are tired of all this nonsense, you must be Bored with the news of Tesla, Elon and things that seem "WOW" to us as small traders and become victims of the ferocity of billionaires who are not responsible for the effects they cause . enter the market when everything is on a bullish trend. we just want the market to stay as natural as it was before they bought too much Bitcoin. set us aside some Satoshi for our future children and grandchildren. please institutions and businessmen, be limited on the ownership of Bitcoin.

Tesla's purchase and HODL of bitcoin may not be so much an investment.

As it is acquiring inflation protected assets to counteract expansion of the US money supply. As a hedge against potential future hyperinflation. Everyone assumes the US stock market is too big to fail. Immune from negative conditions associated with overprinting fiat. Tesla may be one of very few corporations taking steps towards protecting its stock value in the event of catastrophic collapse.

The real question could be why other US corporations are not taking similar steps to insulate and protect themselves from growing inflation concerns. They could accumulate and stockpile gold or silver the way central banks do. Or buy bitcoin like Elon Musk and tesla.

Haven't Elon recently said that he didn't sell any? I am pretty sure I read it on somewhere. I am not really following Elon so I can't bother to look it up. Maybe "he" didn't, but "Tesla" did. ;) It was another word play from Elon probably. If Tesla really realized $101 million from crypto that's awesome. I guess Elon will be playing fontas from now on. (Pump & Dump)

Elon Musk always plays with words and he really likes to confuse people with his word play. He tweeted about selling over a hundred million worth of BTCitcoin and then he said he did not sell but his company did to check the liquidation. Not sure whether it is even possible to pump and dump the market with the company asset as SEC already warned Elon Musk about his influence in the market and his word play and i do not think he will test his limits against the authorities as he has plenty of other useful and meaningful things to do.

Elon Musk is a businessman so by now, he knows how to play with the market.
Even if we say, he is new to crypto market, but he knew bitcoin a long time ago.
Remember, he said before a friend sent him 0.25 bitcoin.
So watching the market and all, he already knows how to take advantage on this industry.
But with his activity from social media towards crypto, a lot of his followers got curious one way or another.
And some of them, may turn into crypto users, which is actually good for the crypto community.

I don't have anything to say against the role being played by Elon, although I have to admit that his tweets on Dogecoin gave them underserved publicity and caused a pump with some of the shitcoins. His original intention was to use Bitcoin along with US Dollar as one of the reserve currencies for Tesla. And on this aspect, he has been successful. The recent transaction should also keep some of the critics quite, especially those who criticized the Tesla Bitcoin purchase.

Except it was confirmed not to be dogecoin. Elon said Tesla bought and holds bitcoin. If it was dogecoin they would have said so. There's zero reason to substitute dogecoin in bitcoin's place or to raise uncertainty about which crypto Tesla owns since it is confirmed to be bitcoin.

The bitcoin bet is really paying off for Tesla shareholders.

History has shown that anyone who believes in bitcoin's long term viability as a virtual cash equivalent is going to be rewarded quite handsomely - this time is no different.

TSLA selling off 10% of their BTC holdings shouldn't be alarming to investors either - they are entitled to profit take, and besides they're still holding much more in terms of fiat than at the start of the year, which is always great news.