Elon Musk Wont Sell his Bitcoin

[Renampun]

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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.

I support you, in this forum, we just assume he's just an ordinary guy with bitcoins and shitcoins in his bag...

Elon Musk says he's still hold his bitcoins but why do people connect that with the current green market? because as far as I know, we've had a sideways market in the past few weeks. Elon's influence in the market has disappeared since he was "two-faced" on bitcoin.

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[PLayerZero14]

How much Bitcoin does he currently own? Did he make that public yet?

[buwaytress]

Time for another spring clean, why not?

LMAO, that's a nice perspective. The weak hands indeed lost a lot of money back then.
It was a long bear market of 2-3 years. If only they would have hold until now then they would have been in lots of profits.
This is the exact reason why I am trying to accumulate as much as I can.
We know this spring break will lead to higher gains in the summer time madness in future.

OR we're actually enjoying the last warm days of autumn before another long and bitter winter sets on -- recession, inflation, war, pandemic, whatever it is that's coming is all going to bunch together at some point.

It doesn't change what I've locked my sights on though. Halving has never failed. And I don't expect it to. If anything, the logic behind it can only gets more hardcoded into the market.

[Rana590]

How much Bitcoin does he currently own? Did he make that public yet?

It is secret and no one can know that if he doesn't tell it to anyone. Who knows that he will tell anyone the current amount? He can manipulate the market also. But it is true that influencer like Elon Musk can change the overall market price within short possible of time.

[tbterryboy]

His logic is sound though. I mean it is better to own "things" then have cash. I rather have zero dollars and multiple assets than, have enough cash in liquidity to buy some assets. If someone asked me if I preferred 3 homes each worth 250k, or 750k in cash, I would say houses.

I mean that way I know that not only will I make rent income, but I will also get it go up as well, what can I do with the cash? If you are a business person then you may use it, but I am not and I rather own the houses instead (this is simply an example to explain my thoughts on how effectively make use of money for my needs rather than looking for making money to work for us).

Crypto allows you to do that in much smaller scale, even at 750 dollars and that is how you could make money in crypto without needing too much capital.

[mich]

Completely understandable that Elon not selling his Bitcoin, he’s a very successful serial entrepreneur with billions of dollars behind him.
I would assume his portfolio is so diversified, he’s completely covered no matter what happens to the economy or his companies, either way he’ll be just fine financially.
I think for regular retail investors we have a completely different view point because of most people have very different financial circumstances and therefore make very different decisions what to do with their capital.

[Hypnosis00]

I think for regular retail investors we have a completely different view point because of most people have very different financial circumstances and therefore make very different decisions what to do with their capital.

And we can't compare our life to HIM. He deserves his action and keeping his Bitcoin is what he wants. And besides, he doesn't need to spend it by now and there is no sense in selling his Bitcoin. He has the purpose why he bought Bitcoin in the first (which we don't know yet) and not selling them has of reason as well.

Anyways, we are not sure if he is telling the truth or just for another entertainment. People know that he already lie to us in the past few days and I don't think we have to put concern into what he says on twitter.

[Wind_FURY]

Whatever criticisms the people say about Elon Musk, which is understandable and he's very deserving to be criticized for trolling the community, nothing will change the fact that he has made one of the smartest investment decisions in history. The first trillionaires might be institutional Bitcoin HODLers.

Elon and Saylor are two of the smartest people with big investments in bitcoin so far. They go in and invest at the right time where they have managed to get a commensurate return on that huge investment. I know they come on behalf of the institution, but they are more forward-thinking than us (most of the crypto community).

We are aware that bitcoin has a lot of future potential, but finances have been a factor why many of us don't invest in the long term. But I strongly disagreed when one of the two investors (Elon Musk) said that bitcoin is bad for nature especially with mining. Regardless of whether Elon sells or not, but he can't be trusted 100% because of his strange behavior. We are not supposed to trust influencers 100%, they also have a purpose in this investment.

Who said that the community should be trusting him? Plus if he cannot be trusted, then Michael Saylor shouldn't be trusted. He is as capable to do anything. I trust Bitcoin as a protocol. That it will keep working and will keep chugging along for years because of thr design decisions made by the Core developers. Elon Musk and Saylor can sell, but Bitcoin remains.

[BITCOIN4X]

Who said that the community should be trusting him? Plus if he cannot be trusted, then Michael Saylor shouldn't be trusted. He is as capable to do anything. I trust Bitcoin as a protocol. That it will keep working and will keep chugging along for years because of thr design decisions made by the Core developers. Elon Musk and Saylor can sell, but Bitcoin remains.

No, no one would say that except for just a few people who benefited from the hype they generated earlier.
I still believe that these two will sell their bitcoins any time they want even when they really have endorsed bitcoin as a good investment for everyone to consider. They are known to do so as a long term store of value and adopt it as a means of payment in their companies, but it is clear they are targeting bitcoin profit.

[tyz]

How much Bitcoin does he currently own? Did he make that public yet?

No he never gave any information about it. For me it was surprising that he owns Bitcoin at all. So far, to my knowledge, he had only confirmed that he owned Doge but not Bitcoin. He always tweeted positively about it but never confirmed it.

[TheGreatPython]

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.

From his tweet he said that he is not going to sell any of his cryptocurrencies whether it is Bitcoin or Dogecoin. He’s going to continue to HODL them for as long as he wants I guess. So far I don’t think that he has sold any of his coins and it is possible that he will continue to hold for long.

It doesn’t matter how long he decides to hold one thing for sure is that it wouldn’t affect him at all because whatever investment he has made is something he can afford to risk in the market. Bitcoin is also going to continue to increase in value and we all know that. But, I am not trying to take any investment or trading advice from Elon Musk, I just do what I feel is right for me.

[oudomopo]

Won't sell his bitcoin because you all know he wants to make money and when bitcoin is more valuable, there is a chance that he would sell his bitcoin and fund his SpaceX program to go to Mars. Currently he has at least 43,000 BITCOINS!!! If bitcoin reaches $100k, his bitcoins would be worth over $4 billion.

[Vaskiy]

How much Bitcoin does he currently own? Did he make that public yet?

No he never gave any information about it. For me it was surprising that he owns Bitcoin at all. So far, to my knowledge, he had only confirmed that he owned Doge but not Bitcoin. He always tweeted positively about it but never confirmed it.

Often he reveals some statement relative to the cryptospace. This time he mentioned about having bitcoin, ethereum and dogecoin. He said he'll not sell his crypto holdings at any kind of market fall. In the same interview he said not to hold fiat currencies as inflation keeps growing. Even after his positive tweets and response on the interview he wasn't able to drive the market forward.

[Cookdata]

It is not good at all to trust a influencer who works for himself. Elon Musk is messing crypto market for promoting his shitcoin. If you think deeply, you will be able to see promotion of his shitcoin in this speech and it may be directly or indirectly. We should not follow all the speech from influencer like Elon Musk though he is the richest man.

If it weren't for his success at Tesla and the recent gains he made to become the world's richest man, I doubt people would still listen to Elon Musk's financial advice. I'm tired of headlines like "Elon did this with bitcoin" and "Elon did that with bitcoin,"  he should just rest and let the market do its thing. The last time I checked, his impact and influence in the market were no longer felt. He wasn't the only Microstrategy company that hodl bitcoin and joke aside, if bitcoin should $100k today, he will surely sell some of his shares just the way he did sold some of his Tesla stocks.

[LUCKMCFLY]

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.

You are right, right now it would be good for us to have a whale like Elon Musk in favor of BTC, anything that adds to BTC and its market is a great gain, however we know that Elon Musk is a very strategist and a very smart guy I don't know what his real plan will be, although despite this after he told Putin that he would challenge him in Judo and if he won he would leave Ukraine alone because it is something that I liked, however I think that the crypto community that supports BTC he believes very little in it.

If he says that he will not sell BTC, I believe him, also I see that he has that need...

[noorman0]

I doubt if his latest tweet is still considered important by most of his followers these days. I guess Musk was expecting too much. In fact I believe he only holds no more than 1% of the total supply of bitcoins, then assumes that he will always influence the market price. In fact, the regulatory policies of big countries like China are still the most influential fundamental force.

[TheNineClub]

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.

I am not sure why people are expecting market movement whenever he tweets something. I mean, market movement is a combination of different factors and this tweet shows it's only one factor in the overall picture. When the market is already in a volatile state (the tail end of the bull market), and there are other factors contributing (El Salvador accepting BTC, economic tensions in the world) then an additional tweet can seem like it was the one that cause some movement, but it may have just tipped the scale a bit, that's all.

[Ziskinberg]

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.

I am not sure why people are expecting market movement whenever he tweets something. I mean, market movement is a combination of different factors and this tweet shows it's only one factor in the overall picture. When the market is already in a volatile state (the tail end of the bull market), and there are other factors contributing (El Salvador accepting BTC, economic tensions in the world) then an additional tweet can seem like it was the one that cause some movement, but it may have just tipped the scale a bit, that's all.

That's simply because Elon is a popular personality in crypto, anything he tweets as long as it's positive is likely to create a positive movement on the price. Haven't you remembered that Elon was the one who brought DOGE to the moon? That's how people trust him these days.

[slaman29]

I am not sure why people are expecting market movement whenever he tweets something. I mean, market movement is a combination of different factors and this tweet shows it's only one factor in the overall picture. When the market is already in a volatile state (the tail end of the bull market), and there are other factors contributing (El Salvador accepting BTC, economic tensions in the world) then an additional tweet can seem like it was the one that cause some movement, but it may have just tipped the scale a bit, that's all.

People are different this generation. They expect to put money into a Bitcoin doubler and win back double for no effort. They expect to go to a crypto casino and win big when they know the odds and the maths are against them. They also expect to buy shitcoins and then make 10x easily because they also expect tons of people and sheep to come in late after them buying up the same shitcoin to pump the price.

Just understand that people are beyond expectations and you will never be surprised anymore at Elon Musk impact on people.

[Wind_FURY]

Who said that the community should be trusting him? Plus if he cannot be trusted, then Michael Saylor shouldn't be trusted. He is as capable to do anything. I trust Bitcoin as a protocol. That it will keep working and will keep chugging along for years because of thr design decisions made by the Core developers. Elon Musk and Saylor can sell, but Bitcoin remains.

No, no one would say that except for just a few people who benefited from the hype they generated earlier.
I still believe that these two will sell their bitcoins any time they want even when they really have endorsed bitcoin as a good investment for everyone to consider. They are known to do so as a long term store of value and adopt it as a means of payment in their companies, but it is clear they are targeting bitcoin profit.

Everyone is HODLing Bitcoin for profit, BUT that doesn't make Bitcoin less as a decentralized, censorship-resistant cryptocurrency/protocol for payments, nor does it make it less as a self-sovereign Store of Value. It also doesn't change Bitcoin's underlying nature that could weaken political strongholds. Elon Musk is smart, he knows that Bitcoin is not fully understood and it's not in its final form.