SpaceX sold $373M worth Bitcoin, reason of current dump

[tygeade]

Have you see how dumping Bitcoin? If not you are missing red chart. Here is the reason why current dump happened.

It is obviously not the reason for the current dump. Dumps do not happen with these small amounts you think of. Selling 373 million doesn't mean anything, the market trades that much daily, we have people buying and selling that much anyway every single day. So believe me, this isn't the main reason. Sure it could play a part in it, there is nothing wrong with saying that this was one part of it, but saying it was the only reason doesn't make sense at all.

Plus, it dropped yesterday or the day before I am not sure, do we have a source that says space X sold it just as it went down? I do not see a source for it, we need exact date of when they sold in order to match that with what has happened as well in order to say it was them.

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[The Cryptovator]

Have you see how dumping Bitcoin? If not you are missing red chart. Here is the reason why current dump happened.

It is obviously not the reason for the current dump. Dumps do not happen with these small amounts you think of. Selling 373 million doesn't mean anything, the market trades that much daily, we have people buying and selling that much anyway every single day. So believe me, this isn't the main reason. Sure it could play a part in it, there is nothing wrong with saying that this was one part of it, but saying it was the only reason doesn't make sense at all.

I understand that the amount in question might not be substantial in the context of Bitcoin. However, I'm curious about the specific reason behind the sudden decline. There haven't been any other negative developments during this decline period. Even though the amount isn't significant enough for SpaceX to sell off their Bitcoin holdings, the news alone has had an impact on the Bitcoin chart. This phenomenon is driven by what's commonly known as FUD (Fear, Uncertainty, Doubt). When news like this emerges, it triggers a FUD response, causing individuals to become concerned about their holdings and prompting them to sell in order to liquidate their assets. This is the primary reason behind the decline.

[Ale88]

Have you see how dumping Bitcoin? If not you are missing red chart. Here is the reason why current dump happened.

It is obviously not the reason for the current dump. Dumps do not happen with these small amounts you think of. Selling 373 million doesn't mean anything, the market trades that much daily, we have people buying and selling that much anyway every single day. So believe me, this isn't the main reason. Sure it could play a part in it, there is nothing wrong with saying that this was one part of it, but saying it was the only reason doesn't make sense at all.

I understand that the amount in question might not be substantial in the context of Bitcoin. However, I'm curious about the specific reason behind the sudden decline. There haven't been any other negative developments during this decline period. Even though the amount isn't significant enough for SpaceX to sell off their Bitcoin holdings, the news alone has had an impact on the Bitcoin chart. This phenomenon is driven by what's commonly known as FUD (Fear, Uncertainty, Doubt). When news like this emerges, it triggers a FUD response, causing individuals to become concerned about their holdings and prompting them to sell in order to liquidate their assets. This is the primary reason behind the decline.

Evergrande's bankruptcy for sure plays a way bigger role in this situation than SpaceX selling that small amount of bitcoins. Probably many people got scared because they expect that Evergrande's default will bring down also the Chinese economy and it'll have worldwide repercussions, hence the global economy will slow down.

[Outhue]

Thus is fantastic news, Musk needs to be removed from the ecosystem, or at least not have exposure through his companies.

Ir's an economically troubling time for most economies and has been for people for some time. Now that trouble is spreading up to businesses and corps. Selling bitcoin at 30k? Either SpaceX are struggling to fund a new project or their cash flow is weak - or both.

How can you demand that a man with his own hard earned money be removed from the ecosystem? Are you buying Bitcoin for the sake of others or for your own sake? We are not the ones responsible for telling others when to dump their Bitcoin.

If you were Elon Musk you would have done the same thing, whatever his motive of dumping is Bitcoin will remain unknown and people like us have nothing but words upon words to say about why he dumped, thinking we have a clue, but we don't.

He works hard for his money, he has every right to dump when he feels like it.

[Baofeng]

Thus is fantastic news, Musk needs to be removed from the ecosystem, or at least not have exposure through his companies.

Ir's an economically troubling time for most economies and has been for people for some time. Now that trouble is spreading up to businesses and corps. Selling bitcoin at 30k? Either SpaceX are struggling to fund a new project or their cash flow is weak - or both.

How can you demand that a man with his own hard earned money be removed from the ecosystem? Are you buying Bitcoin for the sake of others or for your own sake? We are not the ones responsible for telling others when to dump their Bitcoin.

If you were Elon Musk you would have done the same thing, whatever his motive of dumping is Bitcoin will remain unknown and people like us have nothing but words upon words to say about why he dumped, thinking we have a clue, but we don't.

He works hard for his money, he has every right to dump when he feels like it.

Perhaps the best thing to do is to really not affected by anything that Elon Musk says or do specially if it has something to do with crypto.

Anyhow, we really don't know if it is really Elon Musk or his Chinese doppelganger Yi Long Ma who sold their bitcoins recently to caused a huge crash in the market. and so there are a lot of speculation right now,  perhaps it could be a series of economic reports (including rate-hike pressure) that really dampen the market as well.

[Wend]

Thus is fantastic news, Musk needs to be removed from the ecosystem, or at least not have exposure through his companies.

Ir's an economically troubling time for most economies and has been for people for some time. Now that trouble is spreading up to businesses and corps. Selling bitcoin at 30k? Either SpaceX are struggling to fund a new project or their cash flow is weak - or both.

How can you demand that a man with his own hard earned money be removed from the ecosystem? Are you buying Bitcoin for the sake of others or for your own sake? We are not the ones responsible for telling others when to dump their Bitcoin.

If you were Elon Musk you would have done the same thing, whatever his motive of dumping is Bitcoin will remain unknown and people like us have nothing but words upon words to say about why he dumped, thinking we have a clue, but we don't.

He works hard for his money, he has every right to dump when he feels like it.

Perhaps the best thing to do is to really not affected by anything that Elon Musk says or do specially if it has something to do with crypto.

Anyhow, we really don't know if it is really Elon Musk or his Chinese doppelganger Yi Long Ma who sold their bitcoins recently to caused a huge crash in the market. and so there are a lot of speculation right now,  perhaps it could be a series of economic reports (including rate-hike pressure) that really dampen the market as well.

He is an investor like us, and we have the right to sell bitcoins for profit, so why can't he? Too many people envy his success and they get annoyed when he does anything. That is preposterous.

There has been some analysis indicating that the news is fake, Spacex has been selling their bitcoins for a long time. But even if they sell those 373 million bitcoins, it won't cause such a large drop in that short period of time. As a crypto investor, don't be easily convinced by what market makers want to show us, do your research before believing anything.

[coinerer]

Have you see how dumping Bitcoin? If not you are missing red chart. Here is the reason why current dump happened.

https://cointelegraph.com/news/spacex-sold-bitcoin-acquired-2021-2022-report


You can see SpaceX sold $373M worth of Bitcoin. Elon is very harmful for Bitcoin as always. He always supports shitcoins that doesn't have any real value.

Elon Musk always thinks about his own interests.  He may or may not feel that Bitcoin is not going to bring him any good results at the moment and that is why he has sold all the Bitcoins he bought for SpaceX.  His focus is only on shitcoins like Meme Coin Doge, shiba inu. His actions have had a bad effect on the Bitcoin market. and in this chance maybe bitcoin can come to $20k. However, since this is not a major issue, it does not seem to have much of an impact on Bitcoin

Elon Musk has not done such an activity this time. He has done such an activity many times before.  He is a man of crazy nature and is always seen taking sudden decisions.  Like he suddenly changed the name of Twitter to X. And now he sold SpaceX's bitcoins. When he first got interested in crypto and started tweeting about Bitcoin and Doge, the price of Bitcoin and Doge skyrocketed.  But nothing much changes in his tweets now.  Because people are slowly giving up trusting him

He is the number one richest man in the world and has millions of followers on Twitter so he can do whatever he wants and he does. he either buys bitcoin or some other shitcoin and his followers invest in them along with him and he sells his crypto holdings when he realizes the opportunity.  In this case, he does not have any kind of loss, all the losses are innocent investors. Because of this, short-term trading in crypto is becoming very risky.  Now it is very difficult to earn profit without long term hold

[darkangel11]

SpaceX selling all their BTC was just FUD and the other main reason for Bitcoin price dump was Evergrande filing for bankruptcy which was also FUD in the market and on social media. Many new narratives are emerging, but none have been confirmed as the actual reason for the BTC price drop. Now there was going in the social media that the pressure of open interest was so mush that it had to explode, that is why that the price of BTC has dumping.But so far, whatever new is available,it cannot be confirmed that this is the reason why the price of BTC has dumping.

There's another theory. According to one guy on Twitter some of the dump was binance selling bitcoin to buy their own token BNB to save themselves from a liquidation.
It's an interesting theory that most people aren't talking about. IMO CZ is a manipulator similar, or worse than Musk. I don't trust this guy even a bit.
Even if this isn't true, there's a lot of harm that can be done to the price of bitcoin by these shitcoin pumpers.

https://twitter.com/martypartymusic/status/1692368686261362920

[Quidat]

Thus is fantastic news, Musk needs to be removed from the ecosystem, or at least not have exposure through his companies.

Ir's an economically troubling time for most economies and has been for people for some time. Now that trouble is spreading up to businesses and corps. Selling bitcoin at 30k? Either SpaceX are struggling to fund a new project or their cash flow is weak - or both.

How can you demand that a man with his own hard earned money be removed from the ecosystem? Are you buying Bitcoin for the sake of others or for your own sake? We are not the ones responsible for telling others when to dump their Bitcoin.

If you were Elon Musk you would have done the same thing, whatever his motive of dumping is Bitcoin will remain unknown and people like us have nothing but words upon words to say about why he dumped, thinking we have a clue, but we don't.

He works hard for his money, he has every right to dump when he feels like it.

Perhaps the best thing to do is to really not affected by anything that Elon Musk says or do specially if it has something to do with crypto.

Anyhow, we really don't know if it is really Elon Musk or his Chinese doppelganger Yi Long Ma who sold their bitcoins recently to caused a huge crash in the market. and so there are a lot of speculation right now,  perhaps it could be a series of economic reports (including rate-hike pressure) that really dampen the market as well.

He is an investor like us, and we have the right to sell bitcoins for profit, so why can't he? Too many people envy his success and they get annoyed when he does anything. That is preposterous.

There has been some analysis indicating that the news is fake, Spacex has been selling their bitcoins for a long time. But even if they sell those 373 million bitcoins, it won't cause such a large drop in that short period of time. As a crypto investor, don't be easily convinced by what market makers want to show us, do your research before believing anything.

There are really just those people who do have that kind of thinking that those investors shouldn't really be selling out their coins specially to those who had been holding a huge stash of Bitcoin on which they would really be having that kind of impression that they should be staying up into their position and doesnt really want nor like for them to sell out. Just like you have said that they are also investors like us on which they do have the full rights on selling out their coins without needing out permission on what they would gonna do with their coins whether they are on loss on selling it out or in profits, it all depends on them.

Its true that there are really that rumors that it was long time been sold or totally not relevant with the current value of those coins then it wont really be making out that huge impact on the price
but look at on where we are now? It is really that a huge -3 to -4k kind of decrease which we know that it isnt something  that big i would say but cant really be that denied that people
would be reacting with this kind of movement since we've been moving sideways for a long time and now the price had moved on this way which it do surprises lots of people and
some do really have that kind of assumptions.

[mayax]

Have you see how dumping Bitcoin? If not you are missing red chart. Here is the reason why current dump happened.

https://cointelegraph.com/news/spacex-sold-bitcoin-acquired-2021-2022-report


You can see SpaceX sold $373M worth of Bitcoin. Elon is very harmful for Bitcoin as always. He always supports shitcoins that doesn't have any real value.

it's just business. nobody cares about anything else

[The Cryptovator]

it's just business. nobody cares about anything else

Indeed, I understand that it's a business matter. However, Elon Musk's influence on Bitcoin appears to be rather detrimental. People should have the freedom to sell their holdings, and attempting to prevent that might not be advisable. Nonetheless, his decisions have at times posed a threat to Bitcoin. For example, his acceptance of Bitcoin for Tesla followed by the subsequent announcement to discontinue Bitcoin payments due to energy consumption concerns has proven to be damaging. On the whole, his attitude towards Bitcoin remains largely negative.

[Bobrox]

it's just business. nobody cares about anything else

Indeed, I understand that it's a business matter. However, Elon Musk's influence on Bitcoin appears to be rather detrimental. People should have the freedom to sell their holdings, and attempting to prevent that might not be advisable. Nonetheless, his decisions have at times posed a threat to Bitcoin. For example, his acceptance of Bitcoin for Tesla followed by the subsequent announcement to discontinue Bitcoin payments due to energy consumption concerns has proven to be damaging. On the whole, his attitude towards Bitcoin remains largely negative.

Every one have freedom with their assets having want to sell or keep hold it, but its not problem when Elon Musk as Bitcoin or cryptocurrency influencer want to sell how much cryptocurrency assets the have because earn more profitable. One side, we has second chance if possibility or all rumor are trues with SpaceX sold $373M worth Bitcoin because available for buying back bitcoin in lower price. Its not problem negative or positive attitude when promoting Bitcoin depend how many time Elon Musk give controversial about bitcoin viewed, some time accepted bitcoin as payment currency for his company and another time announce will delist as payment. Elon Musk have big power with many follower having and twitter social media in his hand make it easily how to make people panic for holding or selling their bitcoin assets.

[virtualdn]

For all the Elon fanboys out there: he is still and will remain a loser. Being a loser has nothing to do with the fact that you are a billionaire, pretty sad to see many think being a loser means being poor It's related to how you behave and your character. The guy is a narcissistic liar which makes him a loser. Have a nice day everyone.