Musk cares for $TSLA, not Bitcoin

[Altcoinsintel]

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.
From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.

The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.

He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.

The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.

[mk4]

Re: Musk cares for $TSLA, not Bitcoin

Should this really be a surprise to anyone though? Dude's going to live comfortably(to say the least) regardless if Bitcoin exists or not, whereas his companies are what gives him all the funds he needs in his lifetime.

[davis196]

The Tesla price drop has nothing to do with the Bitcoin price drop.Tesla stocks were and still are overpriced.
Musk doesn't care about Bitcoin,just like 80% of all the investors,who bought Bitcoin.They care only about prices and profit margins.Everything is about "buy low,sell high".
Tesla would never cost hundreds of billions of dollars,if the government wasn't supporting that company with regulatory credits.

[Altcoinsintel]

The Tesla price drop has nothing to do with the Bitcoin price drop.Tesla stocks were and still are overpriced.
Musk doesn't care about Bitcoin,just like 80% of all the investors,who bought Bitcoin.They care only about prices and profit margins.Everything is about "buy low,sell high".
Tesla would never cost hundreds of billions of dollars,if the government wasn't supporting that company with regulatory credits.

You mean the Elon Musk tweets didn't affect the price of Bitcoin at all but were totally irrelevant?

[Jawhead999]

You mean the Elon Musk tweets didn't affect the price of Bitcoin at all but were totally irrelevant?

We can't really 100% sure if with his tweets, he can manipulate the Bitcoin market. But as many people take too seriously with his tweets and some article also exaggerating react his tweets, many people panic selling because of that's FUDs. Assuming Elon Musk tweet is affecting the Bitcoin price, this won't last long until many newcomer already understand Bitcoin is and not only to earn instant profit.

There's no correlation between TESLA stock and Bitcoin price, it's just your conspiracy.

[Altcoinsintel]

You mean the Elon Musk tweets didn't affect the price of Bitcoin at all but were totally irrelevant?

We can't really 100% sure if with his tweets, he can manipulate the Bitcoin market. But as many people take too seriously with his tweets and some article also exaggerating react his tweets, many people panic selling because of that's FUDs. Assuming Elon Musk tweet is affecting the Bitcoin price, this won't last long until many newcomer already understand Bitcoin is and not only to earn instant profit.

There's no correlation between TESLA stock and Bitcoin price, it's just your conspiracy.

It is not people. There are thousands of bots connected to tweets of public figures and react in less than a second buying/selling. When people read the tweets and react it is already too late.
Also, the tweets are part of Musk's plan to please his current investors and those that sold to rebuy, trying to make an image of Tesla having environmental concerns. Same goes for Square. It is all part of the agenda, do anything as long as it doesn't hurt our stock price.

[Obito]

Should this really be a surprise to anyone though? Dude's going to live comfortably(to say the least) regardless if Bitcoin exists or not, whereas his companies are what gives him all the funds he needs in his lifetime.

The bitcoin people who follow him thinks otherwise because they find Elon as a technological innovator and revolutionary but not as a businessman which is his true colors in all the three that I have mentioned. The title actually is a no-brainer, if you are a businessman, you don't care about the other money makers unless you make a benefit in them or they protect your interest or you are going to buy them.

[ziyaaa]

Of course he cares about his company the most. You should have understood that after his recent manipulations. Maybe he cares about cryptocurrencies too but not as much as his company.

[masterrex]

Why people are always talking about Elon Musk and his companies they always getting too much attention and free advertisement Its better to ignore all of those Elon Musk tweets so that everyone's ego will not be affected because I don't believe that Elon can manipulate the entire crypto market that sounds stupid to me. But regarding Tesla and cryptocurrencies, it is pretty obvious that Mr. Musk Billions are coming from those companies so that's not surprising why he cares much about Tesla, SpaceX, and all of its milking cows including Dogecoin I guess.

[Hypnosis00]

Of course, He never let his/their company sinking unlike what he does to Bitcoin. No, he will stand for it and helps to improve.

I certainly understand what is his intention and that he cares for himself, not for crypto. It has his choice, he lives that kind of life, we have to move on and stay away from him if we want.

This is all about money but we are not sure that he still investing crypto that we never know. Coz what I believe is that he keeps shilling Doge until now, might he did this to other coins anonymously.

[leea-1334]

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.

Agree with this,,, I think we are all giving him what he wants by discussing what he is doing. I think there is nothing wrong with talking about events, but when we start to speculate about the reasons behind it and all that? Now THAT is what gives him all the attention he wants.

He increased followers by 15% during all this BAD press too by the way!

[KryptoKings]

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.
From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.

The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.

He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.

The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.

That's not hidden secret. Elon is a businessman and his only agenda is to make profit. Why would he be concerned for btc or crypto?.
He saw there is a good opportunity to explore crypto space so he bought some coins, started promoting it,sold them at huge profit. And that's it

[Bitstar_coin]

Tell it to those people who are shaking over a little tweet from Elon, it is already clear that he has no interest on btc except for his company, i hope those people listening and always reading his tweet will read and learn and stop selling their precious asset anytime this clown tweet, i know soon people will be use to seeing those ridiculous tweet and careless about them.

[ILuckyGuyI]

This is no surprise to me. He has always been caring about his company mostly and it will continue like that too. Except his manipulation of the crypto market, I still think he also cares about this market. Because he aims to make a lot of profit here.

[cryptomaniac_xxx]

I echo the sentiments of most posters, it is obvious that his main goal is to push his Tesla first before bitcoin. The problem with him though is that he really change his tune and become anti-bitcoin. Maybe for his this is a game.

But for his Tesla investors, not good for him to involved too much on bitcoin, that's why the sudden U-turn. He doesn't really to involved himself in bitcoin, he should take care first of the company that built.

[Nunoluck]

That's so bad price fall, in my point of view his company is very depend on the acceptance of ideology or idea. So to sell his car he need to make people accept the idea to save earth by reducing emissions using electric car. If people don't like him then maybe people will not accept his idea and will not buy his car. I think he and his company image must be keep good all the time. He just a human he may make a mistake, but nobody is perfect. The best human is who made a mistake but then accept the shortcomings and repair it. I think he is smart person, I am sure he can solve this problem.

[boyptc]

This is no surprise to me. He has always been caring about his company mostly and it will continue like that too. Except his manipulation of the crypto market, I still think he also cares about this market. Because he aims to make a lot of profit here.

There's no other person that shall care for his company but only him. That's everything that he does, it's for the benefit of his company.

He's using the bitcoin/crypto community for his own sake. We're used to his tactic and we should stop giving him the attention he wants.

[FIFA worldcup]

Seeing the topic, its obvious that Elon Musk will care about his company Tesla and give preference to it over bitcoin. Elon Musk does not own bitcoin so why he be interested in keeping its price up to certain level. Also alone, he can't do anything and we need to realize that Elon Musk have no control over bitcoin.

[aoluain]

With the obvious exception of Satoshi Nakamoto nobody has gathered as much Bitcoin related
attention as Elon Musk has and its all in the space of a few months.

When I told my wife that Musk bought Bitcoin she said "oh thats not going to end well"

What was supposed to happen? EM to sell his shares in Tesla, relinquish his position
and turn his 100% attention to SpaceX and Bitcoin? No

Tesla is getting well subsidised from a lot of governments around the world, remember that
saying "never look a gift horse in the mouth"

[Trieteric]

This will be my final post about Elon Musk, and seriously we have all given too much attention to his shenanigans.
From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.

The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.

https://i.imgur.com/VoUukzS.png

He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.

The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.

Damn it! You are absolutely right!! This is the only comment that is true for real! Thank you and I hope as many people of this community and not only, to open their eyes!!!