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Author Topic: On not very shocking news, Tesla dumps majority of bitcoin  (Read 225 times)
milewilda
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July 22, 2022, 09:11:40 PM
 #21

We need to stop caring what Elon Musk does. It doesn’t seem to have affected the market much, since he revealed they’d sold any way.

It’s not important what he does. There are no heroes in bitcoin, this is why decentralisation rules. Morons like Musk have very little effect. He’s not cut out for decentralisation. He’s a confirmed narcissist, those type of people like to be in control. Tough luck for him, he’ll never have any control over bitcoin.
We have been keeping on saying these things but turns out that majority of us do really just simply ignore and do keep on trying out to engage nor making themselves affected on what ever Elon
do make on his coins and just been said that it is really their own coins or the company had bought in and if ever they would sell out then its their right on doing so.So what? It might give out some
effect on the market but not really much considering with the volume, we shouldnt really make ourselves that too reactive or getting impulsive on market and making out immediate decisions
basing on what you are seeing on news around specially in connected with Elon. We shouldnt really make ourselves too get attached with these sentiments.

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July 22, 2022, 09:26:15 PM
 #22

We need to stop caring what Elon Musk does. It doesn’t seem to have affected the market much, since he revealed they’d sold any way.

It’s not important what he does. There are no heroes in bitcoin, this is why decentralisation rules. Morons like Musk have very little effect. He’s not cut out for decentralisation. He’s a confirmed narcissist, those type of people like to be in control. Tough luck for him, he’ll never have any control over bitcoin.

Right because we know what is his intention on cryptocurrency so its not good to anyone to keep looking after him on this discussion. And I'm not surprise about them doing this because they actually do this wheb they want to manipulate something so for sure this is another attempt by him. I guess if majority of people will not care nor ignore his action provably Musk will notice that he cannot influence people to be crazy on the actions he do on cryptocurrency industry.

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July 23, 2022, 03:49:55 AM
 #23

Did Elon Musk sell the Pico Bottom? As illustrated by him, not all geniuses make the right decisions in their lives. But from the pleb's viewpoint, we shouldn't worry. Bitcoin doesn't need Elon Musk, or anyone who doesn't take the time to actually learn and understand Bitcoin.

Plus be prepared, because Elon Musk might join Nassim Taleb and FUD Bitcoin like all of those BSV-Flat-Earthers, OR he might join Vitalik and his new shitcoin after Ethereum completes the move to POS.

No the price he sold it at is higher than the current price, so he did a good thing by selling it when he did. Most likely it was around $28-29K or so.

I am guessing it went close to his buy in price and markets looked weak and they just sold due to pressure from investors in the stock. He most likely had no choice but to sell to save Tesla.

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July 23, 2022, 10:19:38 PM
Last edit: July 23, 2022, 10:56:35 PM by STT
 #24

Quote
Companies holding a speculative asset in their balance sheet will be forced to sell if the asset is not bringing profit for their monthly income statement.

Right on the money, I felt this from the moment Musk the meme master first announced his holding.  Can you see the parallel to his current waste of time with Twitter, what does he really need it for and whats his plans personally.  I never heard what is his use for BTC intended as, how does this help Tesla and I was waiting for the genius answer before I really took it as much positive but sure markets loved the hype for a moment.

Its not just Tesla or Elon Musk, every company not using money, currency, capital on its balance sheet is pretty much obliged to return that free cash flow to its share holders.  Tesla doesn't generally give this kind of active return because they are supposed to be high growth, high investment but its still generally true he cant leave it there doing nothing so its gone.   This is no reflection of BTC imo, any more then you have to stop using twitter if its useful to you.

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July 23, 2022, 10:51:44 PM
 #25

We need to stop caring what Elon Musk does. It doesn’t seem to have affected the market much, since he revealed they’d sold any way.

It’s not important what he does. There are no heroes in bitcoin, this is why decentralisation rules. Morons like Musk have very little effect. He’s not cut out for decentralisation. He’s a confirmed narcissist, those type of people like to be in control. Tough luck for him, he’ll never have any control over bitcoin.
We have been keeping on saying these things but turns out that majority of us do really just simply ignore and do keep on trying out to engage nor making themselves affected on what ever Elon
do make on his coins and just been said that it is really their own coins or the company had bought in and if ever they would sell out then its their right on doing so.So what? It might give out some
effect on the market but not really much considering with the volume, we shouldnt really make ourselves that too reactive or getting impulsive on market and making out immediate decisions
basing on what you are seeing on news around specially in connected with Elon. We shouldnt really make ourselves too get attached with these sentiments.

If Elon Musk wants to sell the Bitcoin he owns that's his right, we can't do anything to stop him. It's the same with Bitcoin that we own, we have
the right not to sell it, so we shouldn't be too influenced by Elon Musk. We all know Elon Musk from the very beginning did not enter the crypto world
to help the crypto industry become better. However, Elon Musk only wants to control the crypto market with all the manipulations he does and
can provide huge profits for him.

So never be influenced by all the activities carried out by Elon Musk, let him do what he wants to do. But as long as there are still many people
who believe in the future of Bitcoin and continue to hold Bitcoin until the market recovers, everything will be fine and Bitcoin will go up again.
Although I admit Elon Musk's popularity is quite high and is helped by the loyal following he has, what Elon Musk did by selling his Bitcoins had
little effect. But as long as we can be calm and don't panic, the effects that occur will not stop Bitcoin from being able to recover and does not
stop us from being able to enjoy profits from Bitcoin in the future. So forget Elon Musk and just focus on collecting as much Bitcoin as possible,
that's what we have to do right now.

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July 23, 2022, 11:32:11 PM
 #26

We need to stop caring what Elon Musk does. It doesn’t seem to have affected the market much, since he revealed they’d sold any way.

It’s not important what he does. There are no heroes in bitcoin, this is why decentralisation rules. Morons like Musk have very little effect. He’s not cut out for decentralisation. He’s a confirmed narcissist, those type of people like to be in control. Tough luck for him, he’ll never have any control over bitcoin.
True , in fact it's a great time to show the world that elon mean nothing for the crypto community ... while they are reportedly selling 75% of their bitcoin holding ... we are heading to doubled back the bitcoin value to $50k or so , i'm pretty sure the bitcoin market will go against the current bearish news like this , we'll see in the coming weeks.

Whether we are going to break the $25k line or get back to below $20k to remain there and swinging.

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July 24, 2022, 02:56:54 AM
 #27

Yes, it's really scary to see your investment being so dependent on a few large holding individuals. I also do not exclude the possibility that the last time is the process of acquiring assets with young and incompetent funds that only revolve around supporting tools such as leverage. So Tesla or many large chunks of their holdings sell off their BTC holdings as an unavoidable part of the benefits and risks that they see in this market.









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July 24, 2022, 07:30:31 AM
 #28

After Elon's dump, the beginning of fud by bitcoin news media hehehe. Saylor is holding 129,699, according to some bitcoin news that track Saylor's purchases. This is less than what is mentioned in this tweet. Also, I am quite certain Saylor will never sell unless he wants to deleverage the risk. However, it would be another not very shocking news if Microstrategy announced a deleveraging only if bitcoin dumped to $10k which I speculate is impossible.



Rumors are circulating that MicroStrategy has sold 132,382 $BTC

Source https://mobile.twitter.com/newsbtc/status/1550996917114503170

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July 24, 2022, 10:08:25 AM
 #29

Elon Musk is a very large holder because he has so much money.
When he diversifies even a little bit, he has already some Bitcoins.


Also, I am quite certain Saylor will never sell unless he wants to deleverage the risk. However, it would be another not very shocking news if Microstrategy announced a deleveraging only if bitcoin dumped to $10k which I speculate is impossible.
Yes, it is not possible. It would highly erode trust into Bitcoin as a store of value, when Michael Saylor, a staunch ally of Bitcoin, would sell.
Michael Saylor has very often told his support of Bitcoin, when he and his ship (he's saylor  Cheesy) arrived on TV.


Rumors are circulating that MicroStrategy has sold 132,382 $BTC

Source https://mobile.twitter.com/newsbtc/status/1550996917114503170
It's lies, Twitter is not a source. It would be huge crash for Bitcoin.
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