Elon and his bag of tricks

[Cookdata]

We have to stop speculating about bitcoin and Elon relationship because the 2.5% is not really a big drop to bitcoin's volatility range and 9% hike on the tesla shares is not also a big task, we can just assume all this thing as coincidence and stop giving him the attention he likes to get from the investment community.

Money influences the market, and Tesla has it, so whenever they make an announcement, it will definitely have an effect on the market. Nevertheless, the fact that the media usually ignores the effect of micro strategy and focuses on Elon makes me see them as sick content designed to draw more attention to their channels rather than Elon himself. If you look closely, it appears that he also enjoys more attention and tweets anything he wants, with the ongoing xxx scandal making him more popular than the wealthiest guy right now.

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

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[virasisog]

Their CFO wanted to manage risk and they indeed did make a financial decision in which they think selling bitcoin was the right move to do. In the end, I couldn't care less, and so should you unless you hold their stock.

Exactly! I don't think you should care or continue to care so much about Tesla and Elon musk unless you hold their stock. As far as I am concerned Elon will always do what is best for him and the survival of his companies and you too as an individual should consider and concern yourself with doing what is best for you and your survival financially instead of worrying if Tesla's recent development was in line to raise their trading price.

Elon's concern will only revolve and focus on his businesses. If selling a huge percentage of his Bitcoin investment would save his assets, he still did the right thing as a businessman. However, Tesla has a huge impact in the world of cryptocurrency yet we shouldn't fear or focus on it since we can't do anything about it. Elon wants to widen up his assets and protect his businesses at all costs.

[Fortify]

Despite the uproar caused by Tesla's announcement last week that it has sold 75% of its Bitcoin, the corporation claims to have $222 million worth of "digital assets" as of the end of June on its balance sheet.

The new information was included in the company's quarterly report, which it submitted on Monday morning to the U.S. Securities and Exchange Commission.
A few days before submitting its complete earnings report to the SEC, a company will frequently issue a press release and hold an earnings call. Because of this, information of Tesla's sale of $736 million worth of Bitcoin on Wednesday spread before the firm provided any information.
During the company's earnings call on Wednesday, Tesla CEO Elon Musk added that the company had sold its Bitcoin to raise cash as COVID lockdowns in China continued.

Musk stated on the call last week that the reason for the sales was the uncertainty around the end of China's COVID lockdowns. Given the uncertainties surrounding COVID lockdowns in China, it was crucial for us to optimize our cash position.

But in the hour following the revelation, the price of one bitcoin fell by 2.5 percent, reaching $23,078.18 on Wednesday. According to CoinMarketCap, the largest cryptocurrency in the world by market capitalization has further declined and was currently selling at $21,969.29 per BTC.

Meanwhile, it appears that the news that Tesla had sold a significant amount of its Bitcoin was well received by its stockholders. Prior to the announcement, TSLA shares were trading at $742.50 at market closing on Wednesday. As of Monday afternoon, they had risen 9% to $812.16. According to Yahoo Finance, that is the highest the price of TSLA shares have been since early May.

https://decrypt.co/105923/elon-musk-tesla-holds-222m-digital-assets-after-dumping-bitcoin

My question is what is the relationship linking Tesla corporation and the COVID lockdowns in china?

Or was this just a well laid out plan to raise his trading prices?

If I recall correctly, China is now the biggest market for Tesla sales and they have one of their mega factories pumping out Tesla's in that country. That means that even localized lockdowns can have a big effect on the supply chain of these cars and could possibly signal further lockdowns to come. You mentioned that was the end of June bitcoin holding position, however it's quite possible that Tesla has totally cashed out their position since then, because they clearly see it as a non-viable asset to hold. Tesla is getting more profitable but it's still very much in a growth phase and a lot of other car manufacturers are getting their electric vehicle production up to high levels now - the competition is setting in.

[mk4]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

[Yatsan]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

Form of sugarcoating I guess? People tend to praise big names simply because they are expecting something beneficial to small investors, for an instance is 'hype' which could trigger interest to non-crypto investors, and once this assumption occur, small investors will gain from it.

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

[mk4]

Form of sugarcoating I guess? People tend to praise big names simply because they are expecting something beneficial to small investors, for an instance is 'hype' which could trigger interest to non-crypto investors, and once this assumption occur, small investors will gain from it.

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

More like a form of coping, especially for the traders and market timers. People sure like blaming and pointing at other people when making bad buys instead of just taking the loss and learning from it.

[Lanatsa]

Form of sugarcoating I guess? People tend to praise big names simply because they are expecting something beneficial to small investors, for an instance is 'hype' which could trigger interest to non-crypto investors, and once this assumption occur, small investors will gain from it.

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

More like a form of coping, especially for the traders and market timers. People sure like blaming and pointing at other people when making bad buys instead of just taking the loss and learning from it.

A very common human being behavior on where they do really love on pointing out fingers and looking for someone to blame with their losses thats why im aint surprised whenever there's a price decline then everything

would really be blamed into someone who did make out some recent predictions or hyping out something and then the market turns out to be going into the opposite direction.This wont really be just limited or talking
with Elon alone but also into other personalities or companies/institution who could really make some effects potentially.

Important thing here is that we do learn (but only for a few) but majority do still keep on repeating on the same mistake.

[dothebeats]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

That's how majority of the people painted the picture: put the blame on the big guys when it's raining and praise them when it's fine and dandy outside. It's easier for people to blame their losses on huge guys that 'affected' their investments rather than admit that they made a bad call on their buys. That frustration has to go somewhere, hence why they blame the big guys.

[tbterryboy]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

Depends on the situation. If you buy and you let it known that you buy the moment you do it, then it's adoption, and if you buy and then let it known 6 months later when you want it to increase, that is manipulation. See? I didn't need to talk about a sell situation to show the difference, it is that easy. If you can understand why the price goes up and down then you need to realize what it could be manipulation.

Elon bought it and let people know not too much later, but he sold and let people know when it barely reached 23k because he wanted to manipulate it. Plus, dude likes manipulation a lot, he was even punished for it when he did it to his own company, it wouldn't be a first.

[arallmuus]

On the other end, which is to huge investor's perspetive, they are somehow gaslighting their losses that it is part of their plan or such thing is normal, to simply hide the negative idea which could affect their name not only in a single industry but also in general.

Reputation means alot of things to all those people. Even MSTR is currently in deep loss right now but they keep on showing all that positivity about holding bitcoin on a longer term because this is what left for them. No way that they are going to sell all of that and move on with it but well Tesla did that but its Elon though, he made alot already from pumping doge

[erep]

That's how majority of the people painted the picture: put the blame on the big guys when it's raining and praise them when it's fine and dandy outside. It's easier for people to blame their losses on huge guys that 'affected' their investments rather than admit that they made a bad call on their buys. That frustration has to go somewhere, hence why they blame the big guys.

You have talked about the fact of market manipulation, we shouldn't blame anyone when the market crashes because he doesn't force us to buy certain coins, traders make mistakes because they are greedy wanting to take high profits when the market increases the influence of hype news from top people. I've reviewed the high losses of investors holding Doge coins, so the bad experience of the hype has convinced us to be more careful in investing.

[DVlog]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

It is necessary to kick out investors like tesla and Michel saylor. They are bringing some attention and money into the crypto space but this affects the overall situation of the crypto market. What it will be beneficial if most of the BTC is in the hands of a few people. Also, I think miners have a big impact on the BTC market. BTC mining cost and current price also affect the BTC market.

[Theones]

I'm happy that he has sold most of their holding and I will be looking forward to seeing him sell everything, enough of his manipulation, he will be known for his short-term growth in the bitcoin journey.

It's funny how it's always adoption when big names are buying, and it's always manipulation if they ended up selling, ain't it? Especially knowing that Tesla actually ended up lost money. It's pathetic.

It is necessary to kick out investors like tesla and Michel saylor. They are bringing some attention and money into the crypto space but this affects the overall situation of the crypto market. What it will be beneficial if most of the BTC is in the hands of a few people. Also, I think miners have a big impact on the BTC market. BTC mining cost and current price also affect the BTC market.

The power musk has he can rock and roll and the world would follow one should work hard like him and be a successful person like him...
I am a big fan of Musk - and how he influence the market is commendabel