bbc.reporter (OP)
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April 27, 2021, 03:41:36 AM |
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It appears there were only very few people who knew that Tesla was selling some of their coins hehehe. I reckon knowing where Tesla holds them would have saved traders their billions lost in liquidation hehe. Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m
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Obito
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April 27, 2021, 06:41:53 AM |
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I don't think we can find their wallet. If everyone knows whale wallet then we can know when they will sell their coin. Just 1 transaction deposit to exchange then the whole market will go down.
It wouldn't make any difference if we know the wallet they have because when we see the transaction, it will be too late for everyone to react when the whales dump their coins. Plus, it really is none of our business where they store their coins because of common sense and respect for privacy.
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wavessurfing
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April 27, 2021, 07:45:17 AM |
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It appears there were only very few people who knew that Tesla was selling some of their coins hehehe. I reckon knowing where Tesla holds them would have saved traders their billions lost in liquidation hehe. Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272melon musk did not sell any bitcoin it was tesla that sold 10 % of its position, with greater benefit than selling cars this exemple should be contagious to other industries https://bitcointalk.org/index.php?topic=178336.msg56878367#msg56878367
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Ludmilla_rose1995
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Buzz App - Spin wheel, farm rewards
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April 27, 2021, 08:14:18 AM |
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They won't tell their address and where they store their bitcoins. However, in my opinion, they store in a hardware wallet like the ledger or trezor. very dangerous if they are stored in a web wallet or a software wallet. given that the internet is the biggest source of all viruses and hacks.
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ilovealtcoins
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SmartFi - EARN, LEND & TRADE
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April 27, 2021, 01:47:20 PM |
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Partnering with a cryptocurrency institution is better than holding your Bitcoin alone. The biggest risk is Elon Musk's wallet hack, forgetting wallet password, wallet recovery phrase, and being groped by others in space. If I were a man with lots of bitcoins I would act like him. Just get a deal and don't think much of what follows.
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lifeforcepools
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April 27, 2021, 01:51:47 PM |
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In any case, you are unlikely to ever know where they store their funds.
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Lucius
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Crypto Swap Exchange🈺
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April 27, 2021, 02:39:48 PM |
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I wonder what wallets they use. Trust,Ownr,Wax,Cryptocom, Exodus, or something else?
Why are you wondering such a question instead of reading at least a few posts at the beginning of this thread? Having billions of dollars worth of BTC and keeping it in any of the crypto wallets you mentioned would be a security nightmare and real nonsense. Since these are public companies, their only option is custodial wallets, very likely a Coinbase Custodial service that provides services to such large clients.
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ropyu1978
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April 27, 2021, 08:03:20 PM |
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Where Elon and Saylor keep their bitcoins ,,, ?? I've read some articles about elon and saylor, but never able to find out about their bitcoin storage, maybe they don't publish to the public about all of that, maybe because of security issues ,,
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xiboothrezi
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April 27, 2021, 10:12:07 PM |
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and with enormous assets, it would not be wise to publish to the public where they keep them. yes, it could invite people's malicious intentions, what for? Even without the show off, the world already knows they are rich people, right? after all, by involving large funds, of course they are very selective in choosing a storage place with a high level of security and assurance. I don't want to guess, let it be as secret as the owner wants it to be. ah,, rather than dizzy thinking about this, we better work hard again to collect bitcoins
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bbc.reporter (OP)
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April 28, 2021, 01:51:12 AM |
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In any case, you are unlikely to ever know where they store their funds.
Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services.
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sumant
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April 28, 2021, 02:07:08 AM |
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Very difficult to say where does Elon and saylor store their bitcoin but we can say it will be very safe with high security service. They hold large number of bitcoins so security in very important. They must have a high quality storage wallet.Their wallet can not be searchable by anyone or hackers. Trust or metamask can be seen by anybody.
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iram3130
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April 28, 2021, 05:37:30 AM |
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In any case, you are unlikely to ever know where they store their funds.
Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services. I too thought the same, Data scientists will find a way to track down the ledger and recognize the addresses which are holding Elon and Micheal's BTC. But I don't feel it will be any use for the common public as these will be cold wallets. There are many others who are keeping their crypto in hardware wallets and cold wallets which we might never know of.
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Hasan905
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April 28, 2021, 06:57:04 AM |
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After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
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Reatim
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April 28, 2021, 07:33:04 AM |
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After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market .... Yeah this may Lead for sometimes being use for FUD and other negative issue upon looking to their wallet movements and why do we need to make this an issue when there are so many issues that needs to be tackled and not this monitoring of the funds from other users. Sometimes i think that we are here just to make things worst than being helpful.
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Midy
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April 28, 2021, 08:18:34 AM |
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I think they share it to some hardware wallets themselves with very secure security system, and some others maybe they keep in exchange and this information is very confidential to public, this is just my thinking about whether it is true or not
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█ JAX JARINGAN[/warna] █ █ ⚫ SCALABLE & DE[color=#4C79CB ]SENRALIZED STABLE COIN UNTUK DEFI [/url] ▬▬▬▬▬▬[url=https://twitter. com/CommunityJax] Twitter[/url] [url=https://t.me/jax_network]✔ Telegram[/url] [url=https://medium.com/ jax-network]✔ Medium[/url] [url=https://bit.ly/3B0Kcnh]✔ Youtube [/url][ /font]▬▬▬▬▬▬[/b]
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bbc.reporter (OP)
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April 29, 2021, 05:55:12 AM |
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After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market .... It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe. In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe. Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:
"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272mIf there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe.
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Teslon
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April 29, 2021, 06:02:52 AM |
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I Think elon musk have vip wallet in paypal becouse in Future paypal accept and store crypto so that's why also need bitcoin to Invest on PayPal elon musk have huge number of Bitcoin and Doge
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Zilon
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April 29, 2021, 06:32:45 AM |
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Considering the risk involved in storing such huge amount of coin online I believe paper wallet or possibly a hardware wallet should serve as storage to their funds. With both options it would be difficult to trace their coin value e online after the have purchased them. The only import their private key when ever the desire to monitor their coin
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Hasan905
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April 29, 2021, 08:37:26 AM |
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After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market .... It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe. In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe. Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:
"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272mIf there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe. Ok, maybe somehow you can manage to get the correct information about where did they reserved their fund, how do you think it will be beneficial for community? Can you stop them to selling the fund or force them not to pay higher fees to get confirmed their transaction first. I don't think so, no one reserve this right to do such things... And this is what digital money all about. Freeing you from slavery and letting you control your funds whenever you want and wherever you want.
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isaac_clarke22
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April 29, 2021, 12:45:01 PM |
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~
It was already mentioned previously that they're holding their coins in custodial wallets. It is unlikely that they're gonna hold it in hardware/desktop wallets, because we're talking about people that buy large amounts of coins in here.
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