Elon musk is for crypto or just for attention to boost Tesla, SpaceX?

[Reid]

^
Speaking of Dogecoin. This is a good read.
https://bitcoinist.com/elon-musk-buying-dogecoin/

Is Elon Musk Buying Dogecoin? $45 Million Whale Buy Sparks Speculation In DOGE Community

Dogecoin is grabbing headlines and speculation from its wide community of investors after a recent whale accumulation from a crypto exchange. On-chain data shows an accumulation trend from this whale, with the latest being the acquisition of 300 million DOGE tokens worth $45 million at the current market price.

These speculations have led to theories on who the whale buyer might be amidst a continued price decline for Dogecoin, with the most prominent hypothesis being billionaire Elon Musk.

It's possible that's it's them/him/Tesla.
Remember that time where he went to Germany and said it's possible to buy Tesla using Dogecoin? I think his financial advisor or crypto enthusiast advisor have suggested him to buy because of the possibility of a hype due to what he said. (speculating)
Who knows? There may be people who want to try buying Tesla using Doge, which means demand and next to it is a pump which also means profits to them on both ways.

[1714869521]

1714869521

[Antotena]

It's possible that's it's them/him/Tesla.
Remember that time where he went to Germany and said it's possible to buy Tesla using Dogecoin? I think his financial advisor or crypto enthusiast advisor have suggested him to buy because of the possibility of a hype due to what he said. (speculating)
Who knows? There may be people who want to try buying Tesla using Doge, which means demand and next to it is a pump which also means profits to them on both ways.

I think Elon Musk personally see crypto as means of opportunity and when he thought about it, he knew that if he should create one, there is possibility of him been questioned later by SEC, so he used Doge and because it's was a meme coins, he could just played along and get his thing done because it's a joke coin, very clever of Elon Musk isn't? He was also the richest man that time, so it was very easy for him to used that influence on people. Have you seen SEC question his actions till date?

During that time that he went bullish on Bitcoin, Tesla stock was doing well. It was a perfect opportunity for him to pump it and also make more money for the company, sold at the top and then claim that the company need some liquidity, he didn't think of other options but selling Bitcoin at the top was the best option for him, very clever Elon Musk I must say.

[GigaBit]

It's possible that's it's them/him/Tesla.
Remember that time where he went to Germany and said it's possible to buy Tesla using Dogecoin? I think his financial advisor or crypto enthusiast advisor have suggested him to buy because of the possibility of a hype due to what he said. (speculating)
Who knows? There may be people who want to try buying Tesla using Doge, which means demand and next to it is a pump which also means profits to them on both ways.

I think Elon Musk personally see crypto as means of opportunity and when he thought about it, he knew that if he should create one, there is possibility of him been questioned later by SEC, so he used Doge and because it's was a meme coins, he could just played along and get his thing done because it's a joke coin, very clever of Elon Musk isn't? He was also the richest man that time, so it was very easy for him to used that influence on people. Have you seen SEC question his actions till date?

During that time that he went bullish on Bitcoin, Tesla stock was doing well. It was a perfect opportunity for him to pump it and also make more money for the company, sold at the top and then claim that the company need some liquidity, he didn't think of other options but selling Bitcoin at the top was the best option for him, very clever Elon Musk I must say.

It is not so easy to guess the motives of traders like them. What is very well understood here is that he is an opportunity seeker. Although there is nothing to blame him because he did nothing that was illegal. However, this would be a big problem for those who would invest based on their vision or their words, becoming an ordinary crypto investor. Many invested in meme coins on the spur of the last bull market but there are doubts as to whether the coins will touch all time highs again. If Elon Musk is a famous and big businessman following him, there is more chance of loss than profit. People should not rely on any celebrity for investment. Investors must prioritize their own skills and knowledge. Everything Elon Musk does is for his profit, but we must take limits for ourselves.

[rdbase]

Tesla had continued to hold their bitcoin and not sold any of their holdings of the cryptocurrency.


https://en.cryptonomist.ch/2024/04/24/tesla-maintains-its-bitcoin-no-sales-in-q1-of-2024

This goes the same for SpaceX which hold's over half a billion worth of bitcoin equaling out to $1.3 billion between the two companies.

[rdbase]

SEC wanted to investigate his posts on our social network but Supreme Court overrules the evil empire's demands:

https://www.upi.com/Top_News/US/2024/04/29/Supreme-Court-rejects-Elon-Musk-bid-nullify-deal-SEC-X-posts/4651714410204

[Reid]

It is not so easy to guess the motives of traders like them. What is very well understood here is that he is an opportunity seeker. Although there is nothing to blame him because he did nothing that was illegal. However, this would be a big problem for those who would invest based on their vision or their words, becoming an ordinary crypto investor. Many invested in meme coins on the spur of the last bull market but there are doubts as to whether the coins will touch all time highs again. If Elon Musk is a famous and big businessman following him, there is more chance of loss than profit. People should not rely on any celebrity for investment. Investors must prioritize their own skills and knowledge. Everything Elon Musk does is for his profit, but we must take limits for ourselves.

He have the money so I think he will grab any opportunity he can make as long as they see profits. But I do agree that we should not just blindly follow anyone when it comes to investment even though they are celebrities. The FTX collapse is a good example of that, it's so big that even the followers of known Hollywood celebrities are being dragged down by their fans due to following every move they make. We have our own choice and own analysis, we should also use that.
I invested in CRO not because of Matt Damon but because I can see a good future for Crypto.com especially when they bought that long term name for Staples Center.

Back to Elon.

SEC wanted to investigate his posts on our social network but Supreme Court overrules the evil empire's demands:

https://www.upi.com/Top_News/US/2024/04/29/Supreme-Court-rejects-Elon-Musk-bid-nullify-deal-SEC-X-posts/4651714410204

I didn't know such a thing exists. Limited posts because it is being reviewed. I guess SEC is afraid that he might use X as platform to create mayhem or use it with other things like a form of free advertising himself if ever he wants to run office.
That's the only reason that I could think of, or maybe an attack to SEC? Is that what they are preventing to happen?

He also argued regulators have since used the agreement to harass him and limit his free speech rights.

I guess this becomes a problem once you become an owner of a multi-billion social media service.

[nutildah]

SEC wanted to investigate his posts on our social network but Supreme Court overrules the evil empire's demands:

I'm gonna guess you meant Twitter / X instead of "our" social network. But what's funny is the only Elon Tesla tweet that made it into my memory banks was this one:

https://twitter.com/elonmusk/status/1256239815256797184

Tesla stock price is too high imo

I guess that could also be considered stock price manipulation? LOL

I really wish he would get back to tweeting about DOGE & manipulating that, for selfish reasons.

[Reid]

SEC wanted to investigate his posts on our social network but Supreme Court overrules the evil empire's demands:

I'm gonna guess you meant Twitter / X instead of "our" social network. But what's funny is the only Elon Tesla tweet that made it into my memory banks was this one:

https://twitter.com/elonmusk/status/1256239815256797184

Tesla stock price is too high imo

I guess that could also be considered stock price manipulation? LOL

I really wish he would get back to tweeting about DOGE & manipulating that, for selfish reasons.

It's the top social media in the industry so I guess our social media platform just fits in. I call it my only social media. I have been using Twitter/X everyday for information regarding sports and cryptocurrencies and I bet many people do. It depends on what they will follow.

Most information now is right there and if you want the fastest update then X is the better choice. I am not using Meta/Facebook because it's filled with streamers who are just taking advantage of it unlike X.

Anyway, regarding Doge, yeah why not. He threw some hints to pump it again last time he was in Germany telling they could use Doge as means to buy Tesla.

[HideYourKeys]

I do not trust Elon tbh... he might get more profit with his doge manipulation

[God bless u]

Watching the lately spot about Musk appearing on live tv this weekend for showing what all the hype is about and if he will actually have a mention of his favorite cryptocurrency doge, it seems the media are jumping all over this appearance.
https://www.youtube.com/watch?v=nWWzszskgmA

What are your thoughts about this North American appearance and what do you think he will do or say about doge or even bitcoin?
I think since Miley Cyrus is the musical guest he will have her dress up as a dog and call her doge.
She likes cats and had dressed up as them on stage during her concerts, so you never know what these two crazy people will do on this episode.

Elon is planning something very big. Either he is showing all this to gather attention of big investors and then manipulate the doge market to get huge amount of profits. 

Or it's either that to remain into the media and to have a dominant personality over the world he want to come into the crypto world so that people can continue to have in their minds who is Elon Musk.

[danadc]

I don't understand Elon Musk's intentions. Are you a person who has everything in life for money? Do you want more money? I don't know, but I think Elon loves him, because I don't see any other way for him to be a person like that. He spoke badly about bitcoin and that condemned the most experts to go against him, and the bitcoin community doesn't accept him very much, almost I don't do it because it seems to me that he is an egocentric person, and he is also a very millionaire person, with many plans and projects even to go to other planets, so what I think he wants is more attention for him, for them to adore him and for them to say which is the best, all that egocentrism, I still remember when he spoke badly about bitcoin and made it drop in price.

[Ale88]

I don't understand Elon Musk's intentions. Are you a person who has everything in life for money? Do you want more money? I don't know, but I think Elon loves him, because I don't see any other way for him to be a person like that. He spoke badly about bitcoin and that condemned the most experts to go against him, and the bitcoin community doesn't accept him very much, almost I don't do it because it seems to me that he is an egocentric person, and he is also a very millionaire person, with many plans and projects even to go to other planets, so what I think he wants is more attention for him, for them to adore him and for them to say which is the best, all that egocentrism, I still remember when he spoke badly about bitcoin and made it drop in price.

I think that at this point we are way beyond making money, I feel like Musk doesn't know what else to do in his life to keep bringing attention on him, that's way he tweets all the stupid stuff and sometimes (oftentimes) behaves like a kid. He is extremely egocentric and I bet he is a very difficult person to deal with, no matter if you're his friend or if you work for him.