Ahli38
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July 21, 2022, 07:02:41 AM |
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Do you feel familiar with this one phrase or sentence from Elon? If I remember correctly, this expression is the exact same sentence that was said before Tesla bought bitcoin for the first time. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJdJLGWC.jpeg&t=665&c=IrHhlwwG48YodQ)
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jrrsparkles
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Eloncoin.org - Mars, here we come!
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July 21, 2022, 08:35:46 AM |
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I suspect this happened for a reason, probably he wants to keep his name in the trend so that he can keep making from his manipulation tactics, in fact we don't be surprised if he buys huge stack of Dogecoin st his next move and sell all of them in just next few days do as a crypto community we don't let the manipulation to get into the hands of single person and his own benefits.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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btc_angela
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July 21, 2022, 09:12:22 AM |
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I suspect this happened for a reason, probably he wants to keep his name in the trend so that he can keep making from his manipulation tactics, in fact we don't be surprised if he buys huge stack of Dogecoin st his next move and sell all of them in just next few days do as a crypto community we don't let the manipulation to get into the hands of single person and his own benefits.
As per the articles that I have read, it's because that Tesla itself was affected by the recession so they will have to pump at least $ 1 billion right now with the sales coming from bitcoin. We can only speculation if he is going to Doge or not, but it make sense for him to sell as his flagship company is suffering as well. There is a chance that he will go back to bitcoin if everything settles down a bit.
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Cryptmuster
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Bisq
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July 21, 2022, 09:23:29 AM |
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I suspect this happened for a reason, probably he wants to keep his name in the trend so that he can keep making from his manipulation tactics, in fact we don't be surprised if he buys huge stack of Dogecoin st his next move and sell all of them in just next few days do as a crypto community we don't let the manipulation to get into the hands of single person and his own benefits.
This is a strange decision, why it was necessary to sell right now at the end of the second quarter, when the price of bitcoin fell very significantly. If I understood correctly, then they sold their bitcoins at a loss, if I'm wrong, then correct me, this is somehow not at all reasonable. At the same time, Musk did not forget to mention that he did not sell a single doge. Once again, I am convinced how outside the box Musk thinks, but even so, I cannot understand why sell bitcoin and say that they are still open for investment in bitcoin. Unless he is waiting for a further fall and will buy at a lower price.
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franky1
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July 21, 2022, 09:30:12 AM |
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at a recession. the smart thing is to get cashflow heavy and then stockpile as much product, material, resources as you can, to live and work long term.. meaning if you have a business buying parts, buy a few years of parts in spring(before they become expensive next year.)
then this summer you raise your own final products price to match the inflated fiat market rate to get more cashflow which you then reinvest, by putting the profits back into deflationary/bluechip assets/shares before their prices rise this autumn. ... many smart asic farms sold extra coin this spring so they can lock in electric contracts for upto 2 years instead of the usual quarterly/6month/1year contracts. thus when electric prices for regular people increased this summer. asic farms still enjoy the lower rates of lastyear/this spring.
.. as for elon. seems he is following this plan, although a couple months too late on getting himself cashflow heavy to then buy parts for the next couple years. i dont think he sold at a loss because the feb 2021 media circus was in response to a tax report of december 2020. meaning when prices were below $23k he acquired coin. and so the new news cycles of the 2022 sale, would have been at over $28k+
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Franctoshi
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July 21, 2022, 09:37:30 AM Last edit: July 21, 2022, 01:43:26 PM by Franctoshi |
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After 75% sell off Bitcoin still absorbing all the selling pressure wow! , This shows indeed no one owns Bitcoin. The More people sell/vomit their Bitcoin the More people ready to Stomach it all. Anyways I think Bitcoin existed before Elon Musk came in and invested and does not need Musk to be there regardless of his impact coming into invest in Bitcoin. After all we survived the China's great dump and we will equally survive this dump. Therefore Bitcoin is not a "Musk have" , in order to succeed.
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Kakmakr
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Leading Crypto Sports Betting & Casino Platform
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July 21, 2022, 09:49:16 AM |
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Let's not forget that financial matters in large companies like Tesla are run by people that were educated in the traditional Fiat educational system. They are used to the "rules" and behavior of traditional assets and commodities.... and little or no volatility that comes with trading in those financial tools. Crypto currencies tend to bend those "rules" .....and a 80% drop in the price and a 160% recovery ....is not unusual to "strong hands" in the Crypto scene. I think they (Tesla) needed liquidity for other projects and they were forced to sell at a loss to help to fund that. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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franky1
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July 21, 2022, 09:55:10 AM Last edit: July 21, 2022, 10:06:25 AM by franky1 |
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I think they (Tesla) needed liquidity for other projects and they were forced to sell at a loss to help to fund that. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) he didnt sell at a loss though. he acquired coin from pre december 2020 (under $23k) and sold in 2022 at over $28k (the acquisition news of feb 2021 concerned a deal done before december 2020) (the sell off news of july 2022 concerned a deal done before july 2022) just remember. by the time you read about something in media... the deal was already done a long time ago. any price drama after a news event, is never due to the buy/sell of the celebrity. but of the speculators being last to the market due to media influence Therefore Bitcoin is not a "#Musk" have to succeed.
celebrity news storms will never kill bitcoins underlying value. or break the code. bitcoin will survive but the human emotional speculation does play fun and games with the speculative price above value. this is why people should learn that the market rates ATH or the quarterly high is not a price point to be thought of as the stable value that should sustain. the value is always bottom up not top down. so if speculation causes a dip. great thats the price coming closer to value, and a great time to buy. never think of it as a 'crash' think of it as cheaper deals better opportunities. prices going down are recovering from speculative hyped up drama. a price going down is never a bad event. the future/long term deflationary economics will take care of a value rise over the long term future. so never think that celebrity news is going to kill value or break code. its just going to play drama games of the speculative price above value. where even bad news(that dips the price) is good news(to buy more in while cheap) if your still stuck with the mindset where you believe the price "crashed" from a $69k point.. then atleast think todays prices are "discount". not "death"... but atleast try, even if it is hard, to flip your mindset and value bitcon from bottom up. not top down. then you will start to never think of a "crash" again. and instead a recovery back to value. remember bitcoin is deflationary, not inflationary. so its the opposite mindset compared to fiat market terms crash=recovery, dip=discount
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Lucius
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July 21, 2022, 10:20:10 AM |
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Excellent news, although I would have preferred to have read that he sold 100% of all the Bitcoins he bought, because he has shown many times that he does not really understand what he has invested in, no matter how intelligent some people consider him to be. Regardless of whether he is at a loss or has made some money, the time he chose to sell is completely wrong from a profit perspective. I only hope that Mr. Mars stays away from Bitcoin, and lets him stick to things he somewhat understands. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FyTBAvMd.jpg&t=665&c=PSLrd125b7OJGg)
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zasad@
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July 21, 2022, 10:29:24 AM |
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Perhaps Elon Musk knows about the upcoming bitcoin price dump and sells most of the coins. Then he will buy bitcoin for 10-14 thousand dollars, and as always, we will find out about this later, when he reports on purchases. Otherwise, I see no reason to sell bitcoins now
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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I_Am_Chamara
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July 21, 2022, 10:41:43 AM |
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They sell it because they know when feds up the interest rate bitcoin going to dump hard. So they sold now and when the BTC dump they will buy again. This is what elon do for Doge and SHIB also.
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PrivacyG
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July 21, 2022, 11:28:19 AM |
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I have a kind of different input on this piece of news. Maybe Elon knows something is about to go down with Bitcoin regulation in the US or Europe and sold Bitcoin before the FUD comes out?
On the other hand. Elon is consciously manipulating markets, so could it be an attempt of his to create another dump so that Tesla could re-purchase at lower prices?
- Regards, PrivacyG
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Cookdata
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July 21, 2022, 11:32:50 AM |
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It is now apparent that Tesla and Elon are here for the preservation of values due to inflation and it is obvious they don't care or give a damn thing about bitcoin adoption or the technology. First, they announce that they will accept bitcoin for their product and played everyone believing that they are here for the long-term adoption and later denounced that they no longer accept due to energy concerns after selling a few of their sats and he came back and tell the public that they were tasting bitcoin liquidity, Nice try Elon! He is a twister and a fraudster and I'm more than that Bitcoin Maxis now knows his true colour.
As if that was not enough, they have now sold about 75% of their bitcoin with some crap headline, well it is their bitcoin and they are free to sell, the more they sell, the more buyers keep accumulating, and they will come back by the time we hit 100k and buy another one and who knows there will be another richest man that might have to replace him.
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Leviathan.007
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July 21, 2022, 12:19:02 PM |
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We cannot be sure if they are telling the truth, and whether they sold the bitcoins or not. Because I think the reason why Tesla tried to take some space from bitcoin was because of the pressure from the governments, so maybe they accounted that they sold bitcoins to get away from the pressures of the governments, but on the other side of the story as far as I know Elon Musk said we would not sell the bitcoins, now this news cannot be suitable for them to be trusted after this. But regarding the reason for selling bitcoins, I guess if they really sold bitcoins they got profits from it and they are going to buy later.
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Lucius
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Perhaps Elon Musk knows about the upcoming bitcoin price dump and sells most of the coins.
Maybe Elon knows something is about to go down with Bitcoin regulation in the US or Europe and sold Bitcoin before the FUD comes out?
You have a very high opinion of this man as if he is someone whose opinion should mean something to Bitcoin, when in fact he is completely insignificant all the time trying to be at the center of something. A man bought BTC to attract the attention of the media, now he sold it to be in the center of attention again, and millions of followers on something he wanted to buy and gave up are waiting for his next prophecy. The man is a classic supporter of altcoins, with a special emphasis on one altcoin - and due to his manipulations, a lawsuit was filed for the damage he caused to investors. Last week, a Dogecoin cryptocurrency investor in the US sued Musk, Tesla and SpaceX for $258 billion for allegedly operating an illegal racketeering enterprise to inflate the price of Dogecoin.
A class-action lawsuit was filed in a federal court in Manhattan, and the Dogecoin investor called for triple the damages of $86 billion, which is how much the plaintiff alleges has been lost by Dogecoin investors since Musk started tweeting about it, according to reports.
"Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all," the plaintiff Keith Johnson said in the complaint.
"Since Defendant Musk and his corporations SpaceX and Tesla, Inc began purchasing, developing, promoting, supporting and operating Dogecoin in 2019, Plaintiff and the class have lost approximately $86 billion in this Crypto Pyramid Scheme," he added.
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stompix
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July 21, 2022, 01:50:25 PM |
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We cannot be sure if they are telling the truth, and whether they sold the bitcoins or not.
That's a financial statement release if Tesla which is a public traded company would go and lie that it's going to be treated as a crime, although it's only a slight punishment and they might get away with it by paying fines the outcome of them found to be falsifying statements will be 100 times worse. We're talking about a company with 60 billion in other assets and revenue of another 55 billion, not your average Twitter scammer or fake wanna-be businesses s like Do Con or Alex Ponzisnky. Because I think the reason why Tesla tried to take some space from bitcoin was because of the pressure from the governments, so maybe they accounted that they sold bitcoins to get away from the pressures of the governments,
Just drop the tinfoil hat. What government is pressuring Tesla to sell coins while at some time allowing billions of trading to be done and thousands of their citizen to buy? The US is allowing 30 000 BATM to run all day in the country, 40% of the hashrate to be mining there, the largest stash owners in the world to roam free from Tv station to the radio station and they are pressuring Tesla to dump some coins? Get real!
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dragonvslinux
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July 21, 2022, 02:25:24 PM |
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did they sell at a loss?
elon bought his stash in-before december 2020. he reported it on the december 2020 tax filings.. .. those tax filings entered the media circus of speculation viral commenting about it in feb-march 2021
That's useful to know, had always thought Tesla bought around $30K prices. Didn't realise that was simply when the tax filings were announced. Thanks for info. So they bought around $20K or less, and sold somewhere between $17.5K and $47K, based on Q2 price range. They almost certainly didn't sell for a loss but a profit then, probably around $30 to $40K when the market had started to turn bearish if I had to guess. At least it means they have more fiat to deploy when they decide to re-enter. Assuming the 25% left was in order to still have long-term exposure.
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dragonvslinux
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July 21, 2022, 02:44:32 PM |
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elon bought his stash in-before december 2020. he reported it on the december 2020 tax filings.. .. those tax filings entered the media circus of speculation viral commenting about it in feb-march 2021
That's useful to know, had always thought Tesla bought around $30K prices. Didn't realise that was simply when the tax filings were announced. Thanks for info. So they bought around $20K or less, and sold somewhere between $17.5K and $47K, based on Q2 price range. They almost certainly didn't sell for a loss but a profit then, probably around $30 to $40K when the market had started to turn bearish if I had to guess. At least it means they have more fiat to deploy when they decide to re-enter. Assuming the 25% left was in order to still have long-term exposure. There’s a chance too that they have a discount since they buy in bulk OTC. For starters, that's not really how OTC works. In the bull market there is often a premium, in a bear market there is often a discount. If they bought in Q4 2020, as the tax reports apparently show, then they bought in a bull market (or the start of one) so it's very unlikely they would have found a discount back then. I believe they are the one who started this uptrend after Covid19 pandemic recovery so believe they purchased secretly at much lower price. Unless Tesla were breaking the law, then quite simply this didn't happen. Otherwise it would have been reported in their Q1/Q2 tax filings. Elon just storm in on crypto one day and we know that he already fill his crypto bag before he start hyping it. Sure, he could of bought at $100 or $1K, but this topic is about Tesla's position in Bitcoin, not Elon's.
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m2017
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keep walking, Johnnie
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July 21, 2022, 02:58:47 PM |
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You have a very high opinion of this man as if he is someone whose opinion should mean something to Bitcoin, when in fact he is completely insignificant all the time trying to be at the center of something. A man bought BTC to attract the attention of the media, now he sold it to be in the center of attention again, and millions of followers on something he wanted to buy and gave up are waiting for his next prophecy.
The man is a classic supporter of altcoins, with a special emphasis on one altcoin - and due to his manipulations, a lawsuit was filed for the damage he caused to investors.
For me, the idolization of this person seems something completely incomprehensible and strange. Apparently, I am not influenced by his charms and the follower didn't work out of me. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) But we can't ignore the impact he and his company have on the entire crypto industry. Don't you think that attracting media attention in this way would be "expensive"? Judging by the financial statements, the losses are considerable. You can find cheaper ways to get media attention. I don't know the motives and goals of the tesla, but I can't believe in actions "at a loss", otherwise this company would cease to exist by going bankrupt.
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SquirrelJulietGarden
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July 21, 2022, 03:09:30 PM |
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It is now apparent that Tesla and Elon are here for the preservation of values due to inflation and it is obvious they don't care or give a damn thing about bitcoin adoption or the technology.
Too soon to say it. The recession can change your plan if you did not manage risk well at beginning. It is the same for small investor too. If you don't have money reserve to spend in bear market, what you bought in bull market must be sold in bear market at loss. You don't have choice, only one choice and must execute it. We don't know why Tesla and Elon sold their Bitcoin. First, they announce that they will accept bitcoin for their product and played everyone believing that they are here for the long-term adoption and later denounced that they no longer accept due to energy concerns after selling a few of their sats and he came back and tell the public that they were tasting bitcoin liquidity, Nice try Elon! He is a twister and a fraudster and I'm more than that Bitcoin Maxis now knows his true colour.
Every company can change plans but I don't protect Elon or Tesla. You must know that Elon speaks not based on plans. In many speech on behalf of Tesla team or SpaceX team, he made his teams shocked because they did not know anything about plan Elon said. It can be his instinct that makes SpaceX and Tesla succeed so far. When he brings it to crypto, it makes the market goes crazy but crypto market is already crazy without Elon. Therefore with Elon, it is doubled and out of tolerance. He has responsibility with what he tweets or says but people who believe in it must be responsible for themselves. Bitcoin Treasuries and Tesla: https://bitcointreasuries.net/
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