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Author Topic: Is Elon going to sell his BTCs?  (Read 710 times)
Oilacris
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June 16, 2021, 09:49:02 PM
 #81

I am really doubtful if he didn't already sell some of his Bitcoins. I mean his arguments against Bitcoin were weird and unnecessary (green enery etc) I always thought it was intentional move to force Bitcoin holders to sell their coins. When it comes to greedy corporates like Elon Musk I am always doubtful.
Does it really that matter much if he sold his coins or not? It doesnt matter if he had sold out his coins the thing here is that people had already known

on what Elon is trying to do with this crypto market and it turns out that he is making himself an another clown just like the rest in the past where they do

attack out bitcoin for some bullshit reason and now he's trying to get back peoples sympathy and support after all the things he had done?

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June 16, 2021, 11:07:32 PM
Last edit: June 16, 2021, 11:36:52 PM by STT
 #82

For every sale there is a buyer, that is the requirement of a trade.   What matters is the usage of the coins, empty speculation ends up resolving downwards because its just throwing back and forth to each other until nobody wants it.   If he has a plan for usage then great but overall the entire blockchain must keep improving and proving itself useful to the world and thats the real question.   Tesla has to declare major movements in their assets and holdings, they can hedge but that costs a fee; I think as a global company they can find a usage.
  The biggest negative is Tesla has operations in China and now China wants no link to BTC otherwise it can easily be a useful blockchain for them.

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Hippocrypto
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June 16, 2021, 11:59:28 PM
 #83

That's a tentative expectations for Elon's follower, it can be a reversal situation that's going to exist in the upcoming weeks. We should be keen on that possible scenario so we won't fail with our decision making. Personally, I made my wrong move previous month, that's why I still now waited for another ATH and unfortunately my other altcoins holding suffered from this downfall; only that a good chance is awaiting.
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June 17, 2021, 05:32:35 AM
 #84

That's a tentative expectations for Elon's follower, it can be a reversal situation that's going to exist in the upcoming weeks.
Very possible, might just another chill to create market movement, in need of deeper analysis to avoid making mistakes.

We should be keen on that possible scenario so we won't fail with our decision making.
Agree to that, if you are unsure better not to make any decision as far as your crypto assets.

Personally, I made my wrong move previous month, that's why I still now waited for another ATH and unfortunately my other altcoins holding suffered from this downfall; only that a good chance is awaiting.
Timing is very important inside this market, once you failed to acknolwledge the situation either you need to wait for another opportunities or accept some losses.
janggernaut
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June 17, 2021, 06:13:42 AM
 #85

I doubt it. BTC made Tesla more money than their car sales last quarter.
As long as they are not selling it, how can they get profit from their bitcoin investment? All investment are same, as long as you don't sell your investment, you are still in floating profit/loss. It doesn't mean you are making profit / loss from that. With current price, TESLA still make unrealized profit.

Someday, surely 100% TESLA or Elon will sell their bitcoin, but we don't know on what price they will sell it
DU18
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June 17, 2021, 07:49:28 AM
Last edit: June 17, 2021, 08:02:37 AM by DU18
 #86

I am really doubtful if he didn't already sell some of his Bitcoins. I mean his arguments against Bitcoin were weird and unnecessary (green enery etc) I always thought it was intentional move to force Bitcoin holders to sell their coins. When it comes to greedy corporates like Elon Musk I am always doubtful.
when many people speculated about the decline in bitcoin prices some time ago and many suspected that Elon Musk had sold his bitcoins, but at that time Elon Musk said he still kept all the bitcoins he owned, but a few days ago Elon Musk made another statement by saying tesla will again accept btc payments on the condition that bitcoin miners use 50% clean energy and he also says he has sold only about 10% of tesla's bitcoins, from that statement, i conclude it looks like there is a game being played by elon musk right now to keep it going manipulate the market and also gain complete control over crypto movements.

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