Is Elon going to sell his BTCs?

[PercT4b]

Fortunately (or not), Elon Musk is a game changer but it's clear that people are completely done with his tweets and the way he literally manipulates the market.

Basically the situation is: now Elon is suffering extreme pressure from retailers investors and he is slowly losing his credibility (they have even created a "StopElon" coin), and from the moment Tesla does not accept BTCs anymore, the company basically owns a huge bag that guarantees a huge profit in the short and long term, but it is useless for practical use (Bitcoin is losing appeal and it's becoming a "Big guys's exclusive", without even taking into account the environmental issue that has now been exposed to the public opinion by Elon himself).

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

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[anu1908]

does that really matter though? elon is not stupid. even if he wanted to sell, he won't use exchange to do it (at least not the majority of his order won't go there). he might already sell some, so it doesn't really matter. he's just another whale. no need to guess what he wanted to do, just follow the market trend.

[Beparanf]

Fortunately (or not), Elon Musk is a game changer but it's clear that people are completely done with his tweets and the way he literally manipulates the market.

Basically the situation is: now Elon is suffering extreme pressure from retailers investors and he is slowly losing his credibility (they have even created a "StopElon" coin), and from the moment Tesla does not accept BTCs anymore, the company basically owns a huge bag that guarantees a huge profit in the short and long term, but it is useless for practical use (Bitcoin is losing appeal and it's becoming a "Big guys's exclusive", without even taking into account the environmental issue that has now been exposed to the public opinion by Elon himself).

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

Elon musk is a smart investor. He will not hold forever on his bag knowing that cryptomarket is so volatile. I believe he already sold the majority of his crypto assets that's why the tone of his tweets changes from positive to constructive criticism. He was already in huge profit and selling his big bag in one go is not possible. Slowly unloading is his best move rather wait at peak then sell since the sell-off on crypto is very quick everytime the price reach ATH.

[dimonstration]

Elon already proves how good he is in investing and manipulating the market, he is smart enough to take advantage of the market condition,he will for sure will sell some of his investment or probably already sold his btc that causes some dumps in price. Many will still follow him especially the newbies,old traders already know wha he’s up to but for newbies that follows him they will for sure get to follow what he’s investing.

[BayAreaCoins]

I consider anyone that says they aren't going to sell their Bitcoins a liar or a fucktard with more money than sense...

[Ziskinberg]

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

It was his call and for sure it does if he wants. He is a known businessman, he knows what is right and where he can benefit more.
Well, I don't think he was a real holder but surely he was a real market player who has the power to manipulate the market.

Anyway, I don't think we need to know what is plan, he never tells us for sure. And we never know how much he holds for now or he sells it already when we reach ATH.

[Branflakes92]

He's probably waiting to see if he needs to 'test liquidity' again to prop up Telsa's Q2 financials.

[speedy963]

The guy clearly is playing with this industry. I really do not understand why peoppe still believe the bullsh*t that are on his tweets. The guy loves the attention and doesn't care about the domino effect of his tweets he got his profits already and may have been accumulating on the dips. If you still believe in Elon Musk's tweets, you'b be better of believing unicorns instead. At least it won't harm your investments. He is indeed intelligent but that doesn't give him the right to play with people's assets.

[michellee]

I do not think Elon will sell his bitcoin if he really knows the benefits of bitcoin in the future. Maybe he will buy back more bitcoin, especially at this time and next time when the price is down, because he wants to make a profit in the future. He does not have to sell his bitcoin because he already makes a big profit from his other business, so why he should sell his bitcoin if he can hold it for the long term? But we do not know his plan with his bitcoin, and we can only predict what he will do later.

[topbitcoin]

I already see bitcoin price dumped in worst scene (big percentage from peak price). So i think if Elon dump his coins, will only need time for price of bitcoin to be back again. I think if that really happen, he is investor too, if he think it is profitable for him and sell it, so let it be. We even can't do anything about it beside take and maybe if people can get benefit from it, they can short in bitcoin when that thing happen.

[sgbett]

"@elon already sold. It's in the next quarterly report."

https://twetch.app/t/cbcef101fbeb21ac1dc1152eaf282fd6189a05a985691a355238c892d151ca89

[btc_angela]

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

I'm under the impression that it was his company who bought $1.5 billion worth of bitcoin.

With that said, it's not totally his decision to sell it or not, they have board of directors, although he is still the majority owner of the company, every decision, specially with that huge investment. The board will have something to say, or at least they have powers to make decisions as well not just Elon himself.

I agree that he has cause so much selling pressure for bitcoin investors, but I doubt that a single entity can really put bitcoin down, just saying.

[SaShiRaJaVu]

My question is, do you think that Elon is going to sell his 1.5 billion worth bag, or even a part of it, soon (remember that he already sold a part of his BTCs in April for a total profit of 272 million dollars), or maybe he could be a real hodler and he is waiting for the next run?

I am a firm believer that Elon Musk sold all of his coins before started to trash Bitcoin and come up with environment shit so that the market would go down and it is a clear case of manipulation as he wanted to price to go down, do you really think he will be talking against Bitcoin if he is really holding the coins.

Never listen to these shills and there is no point in talking about his exploits as he already proved that he is trolling the entire market and yet people are following his astonishes me as there are several other investors who are holding more coins than Elon does.

[buwaytress]

Um no. He didn't "expose" Bitcoin's environmental issue. All he exposed was his acting like any newbie rushing headfirst into a tech. Liking what he saw, and then finding out belatedly the actual industry required to secure the network, and yet somehow not understanding how that is what makes all the shiny benefit of PoW security and finality only Bitcoin has possible.

He won't sell it all, but I hope he does. Those Teslas need producing.

[Gozie51]

Elon has been long in business and understands the game quite well than many here. And he is a big mover of the market which means he also know when his tweet can force people to buy or dump so that is the operational factor. IMO then , I won't expect that he has bunk of his bitcoin hodlings with him if he has caused price of bitcoin to drop this far. He may be waiting to refill his bag again and that is actually what a whale investor should do. It is better to sell and buy low instead of hodling all the life eternity.

[The Cryptovator]

My belief he is holding Bitcoin more than Tesla. And most probably he sold his coin and dump it. We don't know or can't trace the address either he is selling or buying. I am assuming he just dump it to accumulate more. Although he has stated that he hadn't sold any Bitcoin which proves that he is holding Bitcoin personally. Also if he is using the exchange to sell or hold then it's quite impossible to trace. A few days back his few doges were frozen by a centralized wallet called Freewallet. Just don't believe him and don't follow him as well.

[stomachgrowls]

Doesnt really care whether he hold or sell off his coins.We do have our own decisions in life and its none of our business on what he would gonna do into his coins.

[Duzter]

Doesnt really care whether he hold or sell off his coins.We do have our own decisions in life and its none of our business on what he would gonna do into his coins.

Well said, but people keep discussing about his next move. This is just a way to pacify themselves, because these whales shatter the market in no time. We have our own decisions, and it won't make anything in the market. The move of him could make something positive/negative with our holdings. I believe he'll crash the market to acquire more.

[STT]

Companies dont have to sell they hedge positions all the time, its very normal to do this with FOREX and in their operations internationally they have no desire to be bound to whatever currency weakness may be taking place yet still require operations to continue in that country.  The same thing will apply here, if BTC needs to cycle through 20k prices before rising later its quite possible for a company like Tesla or anyone of large size to hedge their holdings.   He might gain on an option held to buy at 20k that previously cost very little to buy and appreciates alot with lower prices but lose on the asset value itself as far as accounts go.  At some point he sells the option and overall there no loss or gain Im unclear he has to declare that at any point or not, it might just be the actual asset itself that is reportable but its fairly normal activity in a variety of assets so far as I know.

[acener]

Does it matter if he sell his crypto or not there are so many whales out there not just Elon so why not ask if they are also going to sell their holdings?
They are the only ones who could answer that kind of question and for sure they wouldn't announce it unless they wanted to make other people do the same thing and buy back at lower price.