Is Elon Musk looking to buy more Bitcoin ?

[armenmerikyan]

The ultimate market manipulator is at it again.

[pinggoki]

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.

[seoincorporation]

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

[avikz]

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!

[Beparanf]

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.

[Sterbens]

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.

[electronicash]

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.

[dimonstration]

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.

[Casdinyard]

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.

[jossiel]

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.

[teosanru]

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.

[Imran232]

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.

[Wenbing]

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

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]

[Rruchi man]

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.
 

[ene1980]

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.

[DoublerHunter]

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.

[panganib999]

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.

[franky1]

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

[Sithara007]

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.

[orions.belt19]

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.