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Author Topic: Elon Musk Wont Sell his Bitcoin  (Read 1919 times)
TheGreatPython
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March 16, 2022, 04:09:33 PM
 #81

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.


For us to care? I am enough with his BS comments towards crypto as this is surely making His value more in our community and he can still make fun and Stupid comments towards the market.

But in general thanks to Him for still keeping His coins , but what about SHIB? he is not holding any Shiba Inu ?
I just noticed it too after reading your post. What if that was his intention to spread fud in shib? shib supporters will then panic to think that elon is not supporting this coin anymore. I guess the only way to find out is by monitoring the price of shiba inu. If the coin falls down heavily without any other news except from this then it was positive but if there's no declines whatsoever then we can safely ignore what I am speculating here.

The other thing that shocks me is that elon mentioned eth. I am very sure that this is the first time I saw him mention this coin. Aside from shiba inu, maybe he was trying to pump ethereum as well? let see about that.

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March 16, 2022, 04:28:20 PM
 #82

Elon Musk is a great example of why should we NOT follow crypto influencers blindly.
It doesn't really matters if he is holding his coins or selling them because the market will saturate.
He has manipulated the crypto market many times and it shows why we should not trust him or fall for his tweets related to cryptocurrencies.
He will be a good example in the history of bitcoin of why people should avoid crypto influencers.

The man very much seeks to manipulate the crypto market and he's been doing it for a while. He has reasons for it - recently Tesla filed its annual report with SEC, and it turned out they have invested some 2 billion dollars in Bitcoin. According to the same report, however, there were no investments in Dogecoin.
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March 16, 2022, 08:11:36 PM
 #83

I don't think Elon musk Tweet can really have any effect on bitcon anymore, he has already lost the respect people are having for him when it comes to cryptocurrency, we all know Elon musk is not really in Cryptocurrency for good, he is just manipulating the market which is very bad. The only coin I know Elon musk can influence now is doge coin which is own by him and his family members.

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March 16, 2022, 09:06:19 PM
 #84

I don't think Elon musk Tweet can really have any effect on bitcon anymore, he has already lost the respect people are having for him when it comes to cryptocurrency, we all know Elon musk is not really in Cryptocurrency for good, he is just manipulating the market which is very bad. The only coin I know Elon musk can influence now is doge coin which is own by him and his family members.
This is where i do only agree with him.

Elon Musk: ‘Cryptocurrency is promising, but please invest with caution’
Source: https://www.cnbc.com/2021/05/07/elon-musk-cryptocurrency-is-promising-but-invest-with-caution.html

Be cautious with this investment and dont just dive in because you are seeing some hype or some sort.

R


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March 16, 2022, 09:48:05 PM
 #85

After telling that bitcoin consumes a lot of energy for mining, this tweet made him admit that he owns bitcoin.

Well, from the very beginning he's just trolling the people to influence the price of bitcoin. Tesla investing in bitcoin and him being on the swaying side but only with Dogecoin.

This confirms that from the very start, he had always owned bitcoin.
Of course it's true, it explains that from the very beginning he owned Bitcoin. He tweets to give signals to outwit traders and toy with it so he can make a profit, after all I believe he has made a huge fortune from bitcoin. But many also don't care what he has to say, so gradually his fame is in danger of fading away.
It's just an obvious trolling from him.

He has even have the guts to discuss about how it's consuming too much energy but he knows that there's more with other industries that mining bitcoin who consumes more.

We're currently in a market that whatever he says doesn't affect the market anymore. But I'm guess when we're in the bull run again, whatever he says, it makes sense to move the market again.



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March 17, 2022, 01:35:46 AM
 #86

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
Market is not bullish so its likely that he will not sell. For an influencer like him that is well-off and can afford to hold his Bitcoin longer, his decision to keep his Bitcoin is not surprising anymore. However we know he has many followers and every words he tweet can influence them (just like the Doge hype before).

But its better for people to have their own judgement and stop relying on influencers regarding the future of a particular coin. Just keep holding your Bitcoin and sell if you feel its time to take profit.

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March 17, 2022, 01:49:11 AM
 #87

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.


as if we need to believe him? or at least we will care about His decision ? we knew how he was clowning this market for years now so every word he delivers surely needs Hi popularity to go up.

But if he will truly do this then I may say that this will be a big help to the crypto space as we need high support like this kinda whales.

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March 17, 2022, 11:10:42 AM
 #88

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.



We must follow Elon Musk to Hold Bitcoin, but Ethereum and Doge is useless.
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March 17, 2022, 12:14:43 PM
 #89

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.

https://i.imgur.com/w0WHND9.png


Nothing much about this Twitte , he's just indirectly dishing out advice to his fan and followers and this does not necessarily mean that we take every Twitte by Elon Musk to have huge impact on the market.
Secondly, I'm not discrediting him for that ,it a good one because when you check on the situation currently on ground, I think that every wise investor should know that fiat currencies are going down and you need to diversify and hedge your funds because of high inflation, so they are billionaires and they have much information than we do.
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March 17, 2022, 02:19:32 PM
 #90

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.

Now it's 2022, what sane crypto user would even believe Elon Musk's tweets? After his actions last year, he lost his reputation in the crypto community long ago. It has long been known to everyone that he is a populist and a speculator, he is not a real bitcoin holder, which he tried to appear before. What he wrote can easily change in a few months, and then in the next interview he will say that all his words were not serious, because he was diagnosed with some kind of another disease in which he will not report on his words and actions. Very convenient position to avoid responsibility.
As you said, he has lost his reputation within the crypto community and his tweets can only have a short term influence and maybe not anymore, because most people don't even care. He could just be saying this to manipulate the market again, but right now he couldn't affect the market with these kinds of tweets.
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March 17, 2022, 03:00:34 PM
 #91

This was a great tweet to reassure everyone about the market but unfortunately no one believes what he says anymore, he has lost people's trust just for personal gain.
He is the richest man in the world, sell or not sell bitcoin it doesn't really affect him. Perhaps he's just trying to get people to manipulate the market again, but he's definitely failed.

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March 17, 2022, 03:02:12 PM
 #92

Elon Musk is a great example of why should we NOT follow crypto influencers blindly.
It doesn't really matters if he is holding his coins or selling them because the market will saturate.
He has manipulated the crypto market many times and it shows why we should not trust him or fall for his tweets related to cryptocurrencies.
He will be a good example in the history of bitcoin of why people should avoid crypto influencers.

The man very much seeks to manipulate the crypto market and he's been doing it for a while. He has reasons for it - recently Tesla filed its annual report with SEC, and it turned out they have invested some 2 billion dollars in Bitcoin. According to the same report, however, there were no investments in Dogecoin.

The man has himself said he has invested in Dogecoin and is not willing to sell them as of now.
Then how can it be that the report is showing there were no investments in Dogecoin.
May be the reports are itself fake or Elon is probably lying again.
Or may be it's just that Tesla isn't holding any Dogecoins while he may be holding them elsewhere.

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March 17, 2022, 03:11:43 PM
 #93


Now it's 2022, what sane crypto user would even believe Elon Musk's tweets? After his actions last year, he lost his reputation in the crypto community long ago. It has long been known to everyone that he is a populist and a speculator, he is not a real bitcoin holder, which he tried to appear before. What he wrote can easily change in a few months, and then in the next interview he will say that all his words were not serious, because he was diagnosed with some kind of another disease in which he will not report on his words and actions. Very convenient position to avoid responsibility.
As you said, he has lost his reputation within the crypto community and his tweets can only have a short term influence and maybe not anymore, because most people don't even care. He could just be saying this to manipulate the market again, but right now he couldn't affect the market with these kinds of tweets.

it should be like that bro, what happens in the market is not easy to manipulate with the issues that occur and spread by social networks, unfortunately there are also not so there is also reason sometimes justifies. in line with @ratimov, after I thought it was true, Elon Musk has never shown the assets (btc) he has openly in public, with exact numbers, I just realized and he only mentions the names of the assets. Moreover, the crypto community in my opinion is also important about its growth a belief, togetherness and an information

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March 17, 2022, 04:04:35 PM
 #94

Maybe yes, maybe not but the thing is people shouldn't listen to Elon Musk or maybe just trolling or manipulating which doesn't correspond to reality and doesn't need to be influenced, we have to be smarter and research it.
and what we really need to do is analysis, because that analysis is what helps us recognize the ups and downs of bitcoin or the market.

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March 17, 2022, 04:09:59 PM
 #95

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.

Yeah, he won't sell his Bitcoin or his shitcoins, who cares. I think that in this forum we don't really care what he says, although it must be recognized that he has a short-term influence on the markets.

Anyone could hold and decide for their holdings but as for me, Elon's statement would help any of us. Maybe he's trying to tweet things about crypto again because he wants to manipulate the market through it which isn't possible anymore because people are now skeptical and learned from what he did to Doge before.
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March 17, 2022, 04:42:50 PM
 #96

Anyone could hold and decide for their holdings but as for me, Elon's statement would help any of us. Maybe he's trying to tweet things about crypto again because he wants to manipulate the market through it which isn't possible anymore because people are now skeptical and learned from what he did to Doge before.

It was his crypto asset and it's his decision to not sold a single of it and I guess he just made a good decision and as a businessman he would not probably going to sell his asset at the low price, I believe he would going to sell once bitcoin reach another milestone of ATH. So far I believe that it's good thing to know that Elon Musk were now starting to use crypto names especially bitcoin in his tweets, well actually I don't like how Elon Musk used to shill or hype a coin but knowing this last tweet of him I can say this might be sounds good for bitcoin.
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March 17, 2022, 05:49:08 PM
 #97

No matter what he does I don't really care if he really wants to sell or not because I really don't want to be too focused on this person.
He made a tease like this as if he was really needed when what he wanted to look for other than sensation.

Why the news about this seems to be determinant to the price of Crypto. His teasing about doge will probably work but for Bitcoin, don’t expect too much to change easily just by Twitt
Bitcoin is too big nowadays to be easily influenced by just anyone. It is not like before when bitcoin was still new and anyone can say anything and easily influenced the market just because they're a public figure or whatever. This time the market has gotten really huge and it takes a lot to really move the market to any direction.

And another thing is that around the time he got on into the market was when bitcoin was being bullish, so his presence kind of helped to drive the bullish trend to an extent, I would agree with that . But the time for him is finally over now, so he should go and rest.

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March 17, 2022, 06:10:31 PM
 #98

Elon Musk is a great example of why should we NOT follow crypto influencers blindly.
It doesn't really matters if he is holding his coins or selling them because the market will saturate.
He has manipulated the crypto market many times and it shows why we should not trust him or fall for his tweets related to cryptocurrencies.
He will be a good example in the history of bitcoin of why people should avoid crypto influencers.

But I'd like as many people to follow crypto influencers as blindly as possible. 2017 happened, the influencers crawled out of the woodwork, everyone went to hell after that but the cycle had ended, the weak hands began to purge, and we were given an incredible bargain sub 10k for so long. Every sat gained in that period is now worth so much more. The crap was rinsed out, cleansed, and what emerged after was so good it made the season ripe for influencers and Elon again.

Time for another spring clean, why not?

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March 17, 2022, 06:18:54 PM
 #99

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.

Yeah, he won't sell his Bitcoin or his shitcoins, who cares. I think that in this forum we don't really care what he says, although it must be recognized that he has a short-term influence on the markets.

Well, in principle I would agree with you. But you shouldn't forget that Musk now has a certain influence on prices. He has a large following who hang on his every word. If Elon says he's investing in coin X, then that coin will certainly see an increase. Therefore, his tweets are meaningful, whether you like him (or its behavior) or not.
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March 17, 2022, 07:29:17 PM
 #100

Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
He said he did not sell his other coins, including Bitcoin. But it doesn't matter to us. His popularity is not the same as before and no one trusts him like before and neither do I.  So there is no good or bad effect of the market in his tweet. he he. I think he has lost a lot of money by buying his fucking shitcoin which is why he has started posting about his Dogecoin again and trying to fool people into buying those coins.
Maybe for some of us, Elon is no longer existing. But for some newbies, his influence still matters. That is why when he tweeted about Dogecoin, a lot of here invest into Dogecoin too and end up losing now. But i believe the moment those newbies lose from being influenced by Elon, they have become wiser now and swear not to be fooled again by Elon. So his current tweet will no longer affect the market anymore as everyone has learned its lesson by now.

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