bittick
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May 30, 2021, 10:10:52 AM |
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They maybe sold some big portion of it, but if they did sell all of their coins as some of people speculated here, isn't that good though? basically one more threat that holds back btc growth eliminated so we can have a smooth as silk bullrun in the future. Basically a bright future since no more manipulation, fud, etc by just one corporation. I think for something big like that, especially bitcoin address which can traced, they might be not sell their coins yet but want to buy more. But that is only my personal opinion. Because usually if a big amount of coins deposited or moved to exchanges, there will be a news and no big news yet (or me who don't know yet) but not see any article about it.
We don't even know what address they are holding the BTC, big fat chance it's gonna be in custodial service where there's insurance but thats just my speculation. They could slip to the market and no one gonna even notice if they gradually dumped it without trying to leave any trace.
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STT
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May 30, 2021, 10:57:02 AM |
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They didnt sell any, they can just loan out assets like a company will often allow their stock to be loaned. If its available for loan it can be short sold and the difference is to the gain of the trader. The company receives a fee for the use of the asset and it might also be Elon hedged his holding with a contract for difference himself. It would be seen as very poor practise to buy then soon after sell on information already known beforehand.
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Marvelman
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May 30, 2021, 11:02:38 AM |
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Elon has self-confirmed selling all of his bitcoins, and that will also come from Tesla. /cut/
Has Musk ever confirmed that he sold his bitcoins? As far as I'm aware, he has never stated (and probably will never state) that he owns them at all. All he confirmed was that Tesla had sold 10% of their bitcoin investment, to prove the liquidity of the asset.
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MFahad
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May 30, 2021, 01:46:22 PM |
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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!
We can never be sure if Tesla sold their bitcoins or still holding them because there is no bitcoin address which shows that it belongs to Tesla. Everything is based upon assumptions and speculation. One thing is for sure that if they had sold their coins, they will regret it.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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kpierce77
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May 30, 2021, 01:53:16 PM |
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Elon has self-confirmed selling all of his bitcoins, and that will also come from Tesla. /cut/
Has Musk ever confirmed that he sold his bitcoins? As far as I'm aware, he has never stated (and probably will never state) that he owns them at all. All he confirmed was that Tesla had sold 10% of their bitcoin investment, to prove the liquidity of the asset. Yes, that is the first news. but the latest news caused this significant dump as many people speculated that Elon had already sold all of their bitcoin holdings. I've also read some articles from bloomberg crypto if I'm not mistaken that elon "might" have sold all their bitcoins
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STT
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May 30, 2021, 01:55:10 PM |
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You can be sure because a holding of this size is disclosable information. TSLA is a listed company billions in size they follow fairly strict rules on open disclosure of what their actions and holdings are, its how you get all the articles on Warren Buffet doing this or that because every quarter he has an obligation to report openly large movements in publicly traded assets. I get BTC is not a central register in that way but TSLA itself would be required to report such a large movement of cash and obviously its been used for this purpose. Elon has got in trouble before for random tweets about his own stock, he isnt allowed to do that as it can easily move the share price. He can post doge memes or whatever he likes as that asset is not directly under his control and that market is not regulated in USA, its still seen as some bad taste to have a large influence like that but public speech allows it I guess.
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░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
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MFahad
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May 30, 2021, 02:57:49 PM |
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Has Musk ever confirmed that he sold his bitcoins?
That's a secret and only near and dear ones to Elon Musk knew about them. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FM1jGs1y.jpg&t=665&c=tW9mpC_JkpeeJA)
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| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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wxa7115
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June 03, 2021, 06:25:16 PM |
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Obviously the Man is hypocrite and not to be trusted at any cost. he will only seek for His benefits and never for others that entrusted him their investments. No wonder that in the following days he will announced about hating Dogecoin also.
Which is why I thought that it was odd that some people saw him as the savior of this market, it is not as if we need Elon Mus specifically, the development of bitcoin is doing great and it was doing great before he even came to the market and if he has sold his coins as we believe he did then it does not matter as someone else with stronger hands is bound to buy those coins. And if he still has those coins then he is going to be a continuous source of FUD as he keeps trying to make this market crash but the more he tries to do this the more ineffective it will become.
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snipie
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June 03, 2021, 06:39:51 PM |
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You can be sure because a holding of this size is disclosable information. TSLA is a listed company billions in size they follow fairly strict rules on open disclosure of what their actions and holdings are, its how you get all the articles on Warren Buffet doing this or that because every quarter he has an obligation to report openly large movements in publicly traded assets. I get BTC is not a central register in that way but TSLA itself would be required to report such a large movement of cash and obviously its been used for this purpose. Elon has got in trouble before for random tweets about his own stock, he isnt allowed to do that as it can easily move the share price. He can post doge memes or whatever he likes as that asset is not directly under his control and that market is not regulated in USA, its still seen as some bad taste to have a large influence like that but public speech allows it I guess.
Indeed. A movement of such huge amount cannot be done without attracting the attention of everyone following stocks and related information especially that Tesla already declared how much it has in its possession. I doubt Musk is not holding yet Doge, directly or indirectly, he just didn't announce yet how much he holds and where.
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d5000
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June 04, 2021, 04:01:24 AM |
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Elon Musk's recent tweets could give us a hint that he (or Tesla) has sold. https://twitter.com/elonmusk/status/1400620080090730501https://twitter.com/elonmusk/status/1400645833150840835If this is true, this is probably bullish, even if the first market reaction was a $1xxx drop, but I would have expected a deeper one. On the other hand: if he sold, why should he post that openly on Twitter? Would only make sense if he wanted to enter it again. So maybe he's only having some fun.
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adaseb
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June 04, 2021, 04:14:15 AM |
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I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call. There is no regulation to how it affects the crypto prices because these are mostly unregulated however its affect the price of Tesla stock.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
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bbc.reporter (OP)
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June 04, 2021, 05:49:53 AM |
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I am skeptical if those tweets were really the source of the market dump. I would speculate it more on the anticipation that Beijing might announce unfavorable policy changes on mining and the cryptospace on Friday afternoon.
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leea-1334
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June 04, 2021, 08:44:13 AM |
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I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call. There is no regulation to how it affects the crypto prices because these are mostly unregulated however its affect the price of Tesla stock.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
He has been doing things like a random boss thinking he owns everything, and he forgets he is not the actual decision maker or at least not alone in his company. Typical guy with huge ego,,, and wants to remind everyone how powerful he is. Hope he gets sued by his own company for dropping all these nonsense hints:P
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zanezane
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June 04, 2021, 09:17:44 AM |
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They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
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Hippocrypto
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June 04, 2021, 09:20:37 AM |
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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!
Probably there's a manipulation that had happened, we really don't what's the bottom line of everything that made it worst once Elon twitt badly. It made our day more stressing, so what's important for us is to develop self confidence, because this might be a trap then one day price would burst out again. This is now a battle of emotions, so there's no room for us to be tricked by just speculative ideas came from anonymous groups.
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Shasha80
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June 04, 2021, 09:42:37 AM |
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They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
No one knows what actually happened other than Elon Musk and other Tesla shareholders. But most likely Tesla has already sold the Bitcoin it owns, if we look at the price of Bitcoin now it has fallen quite far. I think it's also possible that Tesla has bought Bitcoin again, but not as much as Tesla has bought before. Because the price of Bitcoin has still failed to pass the $40k price, it means that there are still some whales who haven't bought Bitcoin yet. Since a company as big as Tesla won't be rushing to buy Bitcoin in large quantities anymore, they want to see the Bitcoin price movement first.
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Taskford
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June 04, 2021, 10:23:57 AM |
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They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
No one knows what actually happened other than Elon Musk and other Tesla shareholders. But most likely Tesla has already sold the Bitcoin it owns, if we look at the price of Bitcoin now it has fallen quite far. I think it's also possible that Tesla has bought Bitcoin again, but not as much as Tesla has bought before. Because the price of Bitcoin has still failed to pass the $40k price, it means that there are still some whales who haven't bought Bitcoin yet. Since a company as big as Tesla won't be rushing to buy Bitcoin in large quantities anymore, they want to see the Bitcoin price movement first. I doubt that tesla bought again since so far Elon still fudding bitcoin and I'm sure he will not do that if he hold bitcoins at this moment so expect that there are fuds coming since Musk loves to manipulate the market. So make sure that you will not hype and be prepared for the next action.
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d5000
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June 04, 2021, 09:26:21 PM |
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I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call. I am not an expert, but was he allowed then to post the "diamond hands" tweet and those tweets where he ensures that Tesla will not sell? He even mentioned the company name in it, so it's worse than yesterday's tweet where he could also refer to private Bitcoin holdings he sold. The big question is if there is any intentionality in these tweets, or if he is only doing some irrelevant personal commentary. Due to these tweets having a slight negative component it's possible that they aim to preserve the insecurity in market sentiment, with the idea to trigger a break of the triangle to the downside and achieving values of sub-30K (which could be good new entry points if he or Tesla sold). Musk could even be trying to test his "market manipulation power", which still seems to be significant (I'm pretty sure that the $1000 dump following the tweet was a reaction to it, because timing was extremely close) but declining. Anyway, I hope the attention Musk gets for these tweets is lowering further, because a decrease in this kind of unforeseeable volatility should be in the interest of Bitcoin supporters, more so of those who think that Bitcoin can be more than just a high-risk speculative asset. If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
True, and we don't know if Tesla didn't achieve sub-30K entry prices in December/January, then the profit would be even more remarkable.
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dothebeats
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June 04, 2021, 09:36:36 PM |
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Given that there’s a possibility that Tesla might have purchased their coins @ $35k or above, they could have sold a bunch of their $1b bitcoin holding right even before the big crash. They could even be the culprit of that crash if anything. There’s really no point on Elon continuously tweeting about bitcoin in a somewhat negative way if they still hold a bunch of it on their own. They have no plans of holding the bag, they just took an easy payday and is now done with it. I wouldn’t be surprised if they mention this on their reports in the future.
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Botnake
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June 04, 2021, 09:46:48 PM |
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Given that there’s a possibility that Tesla might have purchased their coins @ $35k or above, they could have sold a bunch of their $1b bitcoin holding right even before the big crash. They could even be the culprit of that crash if anything. There’s really no point on Elon continuously tweeting about bitcoin in a somewhat negative way if they still hold a bunch of it on their own. They have no plans of holding the bag, they just took an easy payday and is now done with it. I wouldn’t be surprised if they mention this on their reports in the future.
That should be the plan, even big companies who are purchasing bitcoin, people should not view it as if they will hold longer as we did. it's a company, they are in a business and as much as possible they would not take a high-risk asset in their account, so instead of holding it for the long term, they can just sell it for easy profit then buy at dip when they see an opportunity, it's very simple for them as they can affect the market due to their influence being a whale.
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