Elon Musk Wont Sell his Bitcoin

[Ale88]

...
Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up.  Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Elon Musk has some impact just because the crypto market is full of people without any knowledge of this world, people who think they'll become millionaire in a few weeks, then at the first -5% they sell everything. If someone decides to buy or sell bitcoin depending on Elon Musk's tweets, well, I pity him, it means he's not able to think with his own brain. Luckily this kind of people will soon disappear because they'll lose everything.

[Biscutard]

...
Elon's impact on the crypto market is no longer very big but there are still many people who relate to it when the bitcoin price goes up.  Elon must have ulterior motives why he had to make that tweet, he must be trying to raise the price of dogecoin again but to no avail lol.

I do not agree, Elon's impact is big on the markets. And if someday he decides to sell all his coins and make a tweet about that, then we will see a big crash in the markets. But since Elon is bitcoin-friendly this will not happen, but I don't doubt Elon will manipulate the crypto markets again as he did in the past.

Elon Musk has some impact just because the crypto market is full of people without any knowledge of this world, people who think they'll become millionaire in a few weeks, then at the first -5% they sell everything. If someone decides to buy or sell bitcoin depending on Elon Musk's tweets, well, I pity him, it means he's not able to think with his own brain. Luckily this kind of people will soon disappear because they'll lose everything.

People who thinks they can easily be rich just by following someone with prosperous social standing, are the people who have shallow mindset. Bitcoin is always unpredictable and it's up to the person of how will they manage their assets. With a lot of research and observations, you can learn anything about crypto market and just because Elon Musk decided for his own, doesn't mean you will follow. Elon Musk's tweet is for his perspective and personal interest and it may equivalent to something but one thing for sure, it's for gain.

[bbc.reporter]

Can we believe his statement? I don't think his statement is trustable. Some people can state the opposite of what he does.
I suspect he plans to sell their crypto assets when he states to keep his BTC, ETH, or Doge. But who knows? We even don't care whether he wants to keep or sell their crypto assets. However, there should be an impact on crypto market if someone/company that has a big number of crypto assets trying to sell most of their crypto coins.

Elon will say anything to stop bitcoin from dumping hehe. When whales want to dump their coins, they will be very bullish and cause a pump where everyone begins to buy. When everyone begins to buy this is where the whales dump on you. They want you to be their exit liquidity. Similar to Su Zhu, much of the whales are bearish if they are bullish in social media and bullish if they are bearish.

Also, Tesla's bitcoin in the treasury will not be according to Elon's decision if Tesla holds or dumps. Tesla is a public company with a board of directors. If bitcoin gives them a red income statement every quarter showing that it is a bad investment, I speculate the board of directors might decide to sell the investment similar to any other investment. Bitcoin is not special, it is only another gamble for Tesla.

[lepbagong]

In my points who does he help or affects if he chooses not to sell off his btc. yes whether he sell or not the market still remains the same without him. maybe he could do this to those project he is into probably the holders will make some move for his announcement.

I agree, that what he did could be as you said will not affect the market with the action of whether to sell or not. but we all know what @elonmusk says is always meaningful and sometimes confusing.
maybe the purpose of him saying he doesn't want to sell his bitcoins is to influence all those who still hold bitcoins not to let go so the price can stabilize. because it is clear that @elonmusk is very concerned that the price of bitcoin does not fall, because it will make his investment decline and will harm his company that does use bitcoin as a transaction.

[lombok]

-snip-

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.

An Elon who we think of as an influencer I think has reached a saturation point. The effect of his twitter no longer affects the market or has only a small effect on the market.

Regarding the tweet that he posted, it is a personal matter regarding what he will do with his assets, I believe he is a smart and technology literate person, so it's only natural that he will hold on to these 3 assets.

As long as there are still many people who believe in Bitcoin, and they are willing to keep it and not sell it, we must believe that Bitcoin will be more valuable in the future, maybe that is the main point he will convey to us.

[yohananaomi]

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 sold bro, at first he sold when he thought he are in profit, but didn't announce at that time. After selling his Bitcoin he announced it and made a FUD over the crypto market.
I believe he bought again the dip. he is a truly generous person, at first he made us fool by promoting meme token then the made us fool by announcing his bitcoin banning decision on tesla.

indeed we have to admit that @elonmusk is very controversial in what he tweets, because actions and deeds don't always go hand in hand.
I also think what @S A KHAIR said could be true because in his tweet it honestly says about Tesla throwing away his Bitcoin holdings.
so indeed @elonmusk has sold his bitcoins in the market but whether profit or loss, we can conclude from the FUD carried out in the crypto market.

when he announced that Tesla was accepting payments with bitcoin but it wasn't long before he decided to suspend purchases of his products using the digital currency. The reason is that the use of fossil fuels is increasing due to Bitcoin mining activities.
but on the other hand another company owned by Elon Musk, Space X is also starting to penetrate into digital coins. SpaceX accepts payments with Dogecoin.
so there is no consistency in what is said, of course, it will have an impact that many will start not to believe what is said, because it is clear that he wants to profit from every tweet.

[Crypto Library]

"Elon Musk won't sell his bitcoins", If not, what is the problem mine?  I will not sell bitcoin, I will hold as much as I have because we know that the future is cryptocurrency and bitcoin is the mother of all coins. Not only Bitcoin but also BNB, Etherium, and their future is very bright

[bitterguy28]

as if i care?  hahaha

he can do anything because it is His coin , but i want to request him to do whatever he wanted but stop trying to manipulate the market .

he had been in the situation for long time and we must accept that he has really a big influence in this market so hope that He'll forget about those and focus in His holding for long .

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.

or maybe He is making Bitcoin and other crypto as his Final investment for the future use in the biggest project he ever had in which the SpaceX .

[romeitaly]

If you see this as a sign to hold, remember that Elon is a multi-billionaire and he can afford to hold his bitcoins for a really long time without having to worry about the movements of the market so if you're not like him then be careful putting all of your money in bitcoin because you'll never be getting the same situation as Elon will get.

[goldkingcoiner]

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 don't think saying Elon Musk Wont Sell his Bitcoin will hold any water, especially from the perspective of a investor. It should automatically be assumed that any investing in anything, especially Bitcoin, is trying to make a USD Dollar/other fiat currency profit. Especially Elon Musk, who has proven that he does not actually support the idea and technology behind Bitcoin but rather just fanboys his way through life. Why else would he love Dogecoin so much?

Suffice it to say, I do not think he is a true coiner nor is he in it for the long haul.

[7788bitcoin]

If you see this as a sign to hold, remember that Elon is a multi-billionaire and he can afford to hold his bitcoins for a really long time without having to worry about the movements of the market so if you're not like him then be careful putting all of your money in bitcoin because you'll never be getting the same situation as Elon will get.

Elon is a billionaire and he likes to play along with the trend and when he claims that he will hold for the long term, he made his profit for his entire company during the pandemic in the cryptocurrency market where he invested billions and then booking his profit in billions and now he is claiming that he is here for the long term. He might be here for the long term, but he will be booking his profit along the way  .

[Myleschetty]

Elon Musk was among the celebrities that publicly make statements about Bitcoin being the perfect alternative when fiat currency is having no value and after all his understanding of Bitcoin, it is normal for him to choose to hold his BTC rather than sell.

[Mehedi72]

Holding bitcoin is more perfect decision than sell. But no major progress have seen in market cause people awere about how elon play game with people's emotions. so nobody will believe him again as before. He possibly try to indicates, "i'm not selling btc, ether & doge cause i know how to manage shares. So follow me and buy without any hesitation". even it suppose to be, he also trying to shill dogecoin from dump but he wouldn’t hesitate to sell if get opportunity to make profit. So first we need to analysis fundamentally & technically before take decision

[Quidat]

Holding bitcoin is more perfect decision than sell. But no major progress have seen in market cause people awere about how elon play game with people's emotions. so nobody will believe him again as before. He possibly try to indicates, "i'm not selling btc, ether & doge cause i know how to manage shares. So follow me and buy without any hesitation". even it suppose to be, he also trying to shill dogecoin from dump but he wouldn’t hesitate to sell if get opportunity to make profit. So first we need to analysis fundamentally & technically before take decision

It should be have done earlier back into those years which you should have hold your bitcoin assets but well it cant really be avoided on some instances on which we do need to convert it out
to fiat because we do have different situation when it comes to financial needs but if you could sustain up yourself without needing on spending those coins then it would be great.
As for Elon then he does have the full right of his coins whether he would sell it out or would simply hold it for future and just like us, we do see actually its potential
which you could not blame him off on ending up on having the same decision since we do see its potential that would be rising or relevant in the future.

[lalabotax]

Elon will say anything to stop bitcoin from dumping hehe. When whales want to dump their coins, they will be very bullish and cause a pump where everyone begins to buy. When everyone begins to buy this is where the whales dump on you. They want you to be their exit liquidity. Similar to Su Zhu, much of the whales are bearish if they are bullish in social media and bullish if they are bearish.

I don't understand what you are explaining here. But I am not really sure that Elon Musk to stop the dump in Bitcoin price. Who is Elon Musk? Do you think he is a Hero of Bitcoin? What I see is that Elon Musk always tweets something not recommended for common people, he suggested holding if you are not really urgent to take profits. I have a different type of investment, not the same as Elon Musk's style. I won't hold all my coins, especially the coins like Doge. Even for Bitcoin, Ethereum, or BNB, I prefer to no hold all these coins, there is a time to sell and rebuy again. I don't want to miss the chance of taking profits in the current bullish, better to sell if our selling target is reached.

[Issa56]

Whenever it comes to cryptocurrency now, nobody cares about Elon musk anymore, I don't think anything he say will have impact on cryptocurrency market anymore, we all know he is in into cryptocurrency just to manipulate market and he is not really having good intention, the more he continue to make post about cryptocurrency either negative or positive he will continue to lose his respect in crypto space.

[EdenHazard]

Whenever it comes to cryptocurrency now, nobody cares about Elon musk anymore, I don't think anything he say will have impact on cryptocurrency market anymore, we all know he is in into cryptocurrency just to manipulate market and he is not really having good intention, the more he continue to make post about cryptocurrency either negative or positive he will continue to lose his respect in crypto space.

Yeah seriously , elon is a joke for us a crypto enthusiast.

but did you know ... that elon musk feels like a decide maker for those who knows cryptocurrency in just few months .. for a newcomer that know nothing .. elon tweet are the indicator lol
this world are really insane, his tweet above pretty much a political statement ... he encouarge everyone to buy a real thing rather than bitcoin but at the closing statement he indirectly encourage everyone to follow him to not selling any bitcoin. hillarious.

[Assmosis]

Because Elon Musk knows how profitable bitcoins are as an asset. I feel pity for those who sold their bitcoins after Elon Musk said that they are causing harm to the environment. It’s probably the bitcoin mining that is harming the environment, not the bitcoins, lying in your e-wallet.

[Ebede]

Because Elon Musk knows how profitable bitcoins are as an asset. I feel pity for those who sold their bitcoins after Elon Musk said that they are causing harm to the environment. It’s probably the bitcoin mining that is harming the environment, not the bitcoins, lying in your e-wallet.

Nobody is taking the statement of Elon musk serious, except those people who always fear of information dispense concerning bitcoin, i know that period some people out of afraid of bitcoin will be collapse they sold their Bitcoin, but is not the right thing to do by selling out your Bitcoin out of fear, actually many of them will regret of such actions.

[virasog]

I'm sure Elon Musk will not sell his bitcoins maybe Elon Musk will make news that he will sell bitcoins to lower the bitcoin price and when the bitcoin price drops he will buy it,

If you are a believer and holder of bitcoin, then do not take these tweets seriously, and more importantly do not take action on your crypto investment, based on these tweets only. People like Elon Musk tweets are to move the market in a certain direction and only the big whales and he himself wants to take the advantage of the bitcoin price movement. As you said, they will make us sell our bitcoins so that they can buy them cheaply.