Is Elon Musk looking to buy more Bitcoin ?

[LUCKMCFLY]

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.

[Ridwan Fauzi]

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.

[Quidat]

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,

[Yatsan]

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.

[FlightyPouch]

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.

[aioc]

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.

[LUCKMCFLY]

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.

[RealMalatesta]

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.