I speculate Tesla has sold their coins

[bbc.reporter]

Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.

Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!

[mk4]

There's a possibility. I mean,

https://twitter.com/CryptoWhale/status/1393981793813078017

Making such move makes ZERO sense though. Selling bitcoin just because you had beef with the community? Bro. I also sold my Amazon shares because my $AMZN shareholder neighbor called me a twat. smh

[Fundamentals Of]

I also think Elon has already did that. He cannot be holding at least a billion USD worth of Bitcoin while at the same time criticizing it. That is a suicide for him. He must have already sold a lot or all of it before starting to issue statements against Bitcoin. But it is his decision. He is the owner of his Bitcoin. He is absolutely free to do so.

I think Elon is behaving more childish than an average crypto trader.

[STT]

He doesn't have to sell BTC, like anything he can just hedge it in the open market until he / TSLA is satisfied the price is at a lower level that will stabilize.   I think companies are allowed to do that without declaring anything, I guess retrospectively we'll find out but its a normal activity so far as I know.  

People have been strongly stating this criticism of Bitcoin for a very long time, maybe not at the beginning because it was smaller then but always protocol was viewed negatively the way its constantly requiring more energy and resources.  I do wonder if thats why Warren Buffet or similar skeptics dislike it in such strong terms, because in this way its the opposite of realising efficiencies.  From their point of view its easily a negative but I never view anything in isolation, BTC solves many problems for the little people I just wish it focused on that instead bowing to Musk or any whale as they wont be what determines BTC success imo.

[pooya87]

Making such move makes ZERO sense though.

His actions make a lot of sense actually but I don't think Tesla is going to sell all their bitcoins because of this. But he definitely sold a big amount of bitcoin before he began the FUD and also he definitely bought a lot of shitcoin called DOGE at the same time. The funny thing is that he is actually starting to lose a lot of money since DOGE is dumping faster than bitcoin now

There is a problem with this kind of behavior and it's that people can do it only once. There is no coming back for Elon, he is now known as a malicious market manipulator. Sooner or later bitcoin price is going to go back up again while DOGE will go back down to below 1 satoshi. By then even if he crawls back kissing bitcoin's ass he will be ignored.

[adaseb]

Can he even legally say that he sold it? I mean crypto is still mostly unregulated however the issue is with TSLA stock. If he says that they sold it, people will know that it was at a profit of at least 50% and it will affect the value of the stock, this can be considered insider trading.

When he said 'indeed' I don't think he meant that they sold the entire position. I just think that the Bitcoin people were distrespectful why he choose doge. They called it a shitcoin and maybe hurt he ego and this is why he is saying bad things about BTC.

Either way, pretty crazy how those few tweets caused a huge BTC crash pretty much, even starting with the TSLA doesn't accept BTC for cars anymore.

[mk4]

Can he even legally say that he sold it? I mean crypto is still mostly unregulated however the issue is with TSLA stock. If he says that they sold it, people will know that it was at a profit of at least 50% and it will affect the value of the stock, this can be considered insider trading.

When he said 'indeed' I don't think he meant that they sold the entire position. I just think that the Bitcoin people were distrespectful why he choose doge. They called it a shitcoin and maybe hurt he ego and this is why he is saying bad things about BTC.

Either way, pretty crazy how those few tweets caused a huge BTC crash pretty much, even starting with the TSLA doesn't accept BTC for cars anymore.

As far as I know, I'm pretty sure he can legally say it. I mean, ARK Invest are publicizing their daily purchases/sells. The potential problem here is with Tesla selling their bitcoin after Elon has been trashing bitcoin recently. If they did sell, I'd imagine the SEC would be knocking on their door in no time.

[Mr.Scott]

Dumping coins at high, then creating FUD and buys back low. Such a great strategy, I speculate Tesla didn't sold entire their portfolio but a portion. Elon will keep winning and we will be losing our position. Don't following like a sheep, don't give any value to this guy. I'm done with him, people need to stop talking Elon Musk and Tesla.

[Furious 7]

He has done what he wants including selling some of his coins, behaving like this, and does Elon Musk want to destroy bitcoin investment completely, or does he just want to be part of the dump so he can trawl from a low price?
His influence is huge but I am sure he will definitely buy back bitcoin at a low price then make more statements about bitcoin. It is not strange for him to all want to know how Elon Musk wants to increase his popularity in the bitcoin market. This means that the real whale is him.

[Kittygalore]

Dumping coins at high, then creating FUD and buys back low. Such a great strategy, I speculate Tesla didn't sold entire their portfolio but a portion. Elon will keep winning and we will be losing our position. Don't following like a sheep, don't give any value to this guy. I'm done with him, people need to stop talking Elon Musk and Tesla.

Well that's not how some of the crypto addicts on Twitter does their work, they follow what's trending and bullshit themselves into thinking that following the flow without thinking is the best strategy. My advice is that we just hodl and wait for it to go back up, and if you have spare money, buy at this red times since it is basically a sale for bitcoin.

[NeuroticFish]

I speculate that they might have sold it days later

I speculate that they may be also buying them back slowly at discounted price.
And if they started a pump and dump game, they'll be doing it again, and again, as long as the (lack of) laws and the weak hands allows them profit from this.

[lolxxxx]

Elon Musk is a great player he has a great influence on the community. Once he says I am selling people panic and sell all the coins they have to stay safe on the other hand I am sure that he bought at a lower rate once he has enough he will make another tweet (Positive for Bitcoins).

It's all manipulation.

Regards

[stompix]

Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.

Elon might be a troll but he is not stupid.
He knows that lying again about his companies activities will get him in trouble for real this time, he took the time to mention even the last time that they haven't sold any bitcoin and has made again the same statement. He knows that unlike when you're just trolling about doge going to the moon or bitcoin pollution those are just personal opinions and the SEC will not care about them directly posting misleading information about a company could be seen as market manipulation.
 

Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!

How much money does he have? What's 1 billion for Tesla?
People should stop projecting their own lifestyle and choices and think Elon is doing the same, carrying about a 10% drop in his fortune.

You have $20k in life savings in a bank, you lose $5000, that a tremendous hit for the average Joe, Elon could lose not 25% but 99% he would still have enough money to buy a brand new Ferrari each day for the rest of his life. Besides, it's not like Tesla is his only company, he has Spacex with Starlink and Neuralink as toys, and besides he has sold his shares in the company previously, he is not chained by a single company as Tesla as Bezos or Gates are.

[Wind_FURY]

It would actually be very bullish if Tesla decides to sell ALL their Bitcoins. Go ahead, crash the market. That would make Elon Musk shut up, and stop trolling the community. Good riddance.

[Chato1977]

Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.

Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!

Actually they admit selling 10% of their coins so that means they already did.

It would actually be very bullish if Tesla decides to sell ALL their Bitcoins. Go ahead, crash the market. That would make Elon Musk shut up, and stop trolling the community. Good riddance.

and a chance for us to buy much more in the lowest it can be before finally breaking the 100,000$ value.

[Ziskinberg]

It's not far from happening, we don't know what they are thinking but we know for sure that businessman does not invest to loss. They might sell their BTC because they already make a profit on it, and then they can continue with the reputation of the business. I read somewhere that it could be a law or taxation matter which gives them a hard time, so selling their bitcoin will make it less complicated for them.

[Oasisman]

I speculate that they might have sold it days later

I speculate that they may be also buying them back slowly at discounted price.
And if they started a pump and dump game, they'll be doing it again, and again, as long as the (lack of) laws and the weak hands allows them profit from this.

That's most probably their game plan.
I'm not gonna be surprised If Tesla and Elon would be announcing another gimmick in the social media to further pull Btc's price down.
He even teases on selling his remaining holdings, which will most likely be announced on the latter.

He better be honest with his statement this time, because If he lies, this would be a ground for market manipulations.

[janggernaut]

Elon has clarify that speculation several hours ago if TESLA hasn't sold any bitcoin. Case closed.

[7788bitcoin]

Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.

Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!

Even i am thinking on the same line, if not he would not come up with the theory of carbon emission and the high electricity usage if he is holding billions worth of Bitcoin and then all of a sudden withdraws accepting Bitcoin as a payment for Tesla and he wants the price to go down and may be he will be investing again, who knows what his intentions are either way it is not good for the market.

[uneng]

I don't think so. This guy may pretend towards his community and fans he has sold Tesla's bitcoins to lure another investors to sell their coins and dump the market, but in fact Elon keeps his bitcoins intact on the wallet waiting for a new ATH.

He plays with words all the time, constantly changing his statements every few days.
Today he says bitcoin isn't good for the environment, but tomorrow he can say the issue is already being fixed, so bitcoin is not going to be harmful anymore. I hope sooner or later investors get tired of these jokes and stop taking him seriously when investing in crypto market.