ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon?

[adaseb]

Don’t know if you guys remember but Elon actually gave a heads up and you had an entire day to sell the top of tesla stock.

For those who don’t know he made a poll “should I sell Tesla stock to pay a huge tax bill and help us government”. And most people voted yes.

Stock holders were upset but when trading day came, the stock didn’t go down. Until Tuesday which started a huge sell off. But it fell slowly you had lots of time to get out.

So he hinted that the top was in.

[Strongkored]

Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

It has become a habit since he showed his interest in crypto even if it was only limited to profit but the steps he took were enough to have an impact on the market even though it was not big, like Dogecoin when he said something the price could go up some time ago. Only he knows the intent and purpose of selling Tesla shares, but surely his goal is to increase his coffers of money by investing in both crypto and new investments that he could be planning with the money from the sale of these shares.

[Kelvinid]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

Nobody knows what his next plan is. Not even to say that he will invest in crypto that is why what he did couldn't affect the market trend.
Besides, he is not really aggressive in crypto, he was just in touch with Dogecoin but not with Bitcoin. Or did he put his money into building another business opportunity as he loved to do it rather got involved in crypto?

Not actually I see the truth when it come to social media announcements. He builds that company and I don't think he will leave that too easily.

[laurenB7742]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think. One more thing, Elon is a billionaire, and his assets are limited, he is not divine enough to be able to prevent a global recession. Don't idolize him too much, follow him soberly, or you will pay with your money when you hear what he says.

[poldanmig]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

It's hard to guess what happened to Elon Musk to sell some of his shares, but I don't think Elon Musk will use them to buy altcoins or bitcoins on the market because if Elon Musk were to buy bitcoins or doge, of course there would be a fantastic price increase on the market considering the amount of money that Elon Musk got after selling shares but in fact we don't see that happening in the market right now, I think the sale of some of Elon Muskshares may be related to the acquisition he made on Twitter and it could be that the money was indeed used for Twitter payments or maybe it will be used to fund improvement twitter to be even better.

[MoonOfLife]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

He's having a lot of trouble with Twitter and his business, and he's selling stocks to deal with his financial crisis rather than turning to other investments. Elon has a lot of work to do and other investment opportunities, I don't think he will focus too much on bitcoin, which he can't manipulate.

[Falconer]

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think.

We don't know exactly where he wants to spend the money, whether it's to pay taxes or whatever he wants including investments. Elon is a smart guy, we are too stupid to think he is stupid and we are always under him. But that doesn't mean we need to follow every step of the way.

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

[tygeade]

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

I agree that no wise investor will go "all at once", it is definitely against to the basics of investment principles. At the same time, I guess every whale investors must be getting FOMO right now as if anyone starts buying in large quantity then they cannot do slow buying for better prices. So, I am sure that Elon might be planning for some portion of that big money for bitcoin investments and they are already into accumulation of bitcoin.

Recently we touched $18k by mid of this month which was an clear indication that whales are in action out of FOMO. This trend will heat up slowly in the new year for sure.

[_BlackStar]

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market.

I just want to know, is Elon Musk wise enough when investing?
Some of the other billionaires will even announce it like Saylor every time he buys a million dollar bitcoin, this is just something else I can think of.

He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

Even if Elon wants to invest then he knows what needs to be done, I believe that. I am not a fanatic of any activity he does, but he can move the market with his money. It's good that if  Elon Musk still wants to invest and accumulate his bitcoin, but like everyone else - he expects huge returns.

[OgNasty]

With Elon beginning to receive margin calls for his Twitter loans, this might be quite interesting to watch.  If Twitter ends up worthless and Tesla stock keeps falling, we may see a bankruptcy the likes the world has never seen.  I don't believe that will happen though.  I believe that regardless of Twitter or Tesla, SpaceX is going to be the real cash cow for Elon.  Companies are going to pay anything to get operations on Mars when the time comes, whether for real purposes or marketing, and Elon will be there to cash really big checks.  He just needs to be careful the next couple of years. 

[Quidat]

With Elon beginning to receive margin calls for his Twitter loans, this might be quite interesting to watch.  If Twitter ends up worthless and Tesla stock keeps falling, we may see a bankruptcy the likes the world has never seen.  I don't believe that will happen though.  I believe that regardless of Twitter or Tesla, SpaceX is going to be the real cash cow for Elon.  Companies are going to pay anything to get operations on Mars when the time comes, whether for real purposes or marketing, and Elon will be there to cash really big checks.  He just needs to be careful the next couple of years. 

We dont know on what are the things that circles up into his mind as of this moment which whether he had prepared with those negative things or just simply accept it because thats how business do works and this is how business should really have that kind of risks.If his companies are really that making some bad or negative results into his capital or investment then its none of our business.
Pretty sure that he had some assets which arent known to us or to the public which it is really hard to believe that he would really be going down.In speaking about selling his TESLA stocks
then its none of our business if he does that.

[ultrloa]

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think.

We don't know exactly where he wants to spend the money, whether it's to pay taxes or whatever he wants including investments. Elon is a smart guy, we are too stupid to think he is stupid and we are always under him. But that doesn't mean we need to follow every step of the way.

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

Elon is a smart guy so most provably he will use his money on other physical investment which I think he can grow his money more. If there's something left with it maybe he can use a little percent for bitcoin investment but I doubt he will do that since maybe he's done with cryptocurrency. But we don't know what his plan so maybe let see what will be he's next move since provably he will make a noise on social media about his possible venture.

[laurenB7742]

If Elon Musk wants to invest, then I'm sure he won't be throwing large sums of money at once to avoid overreacting the market. He definitely doesn't want to buy more expensive, that's obvious because he knows what he has to do as long as he believes bitcoin is very profitable in the long term. But for now, I believe the sale of his Tesla stock is not for bitcoin, but to support his other ventures or whatever.

I agree that no wise investor will go "all at once", it is definitely against to the basics of investment principles. At the same time, I guess every whale investors must be getting FOMO right now as if anyone starts buying in large quantity then they cannot do slow buying for better prices. So, I am sure that Elon might be planning for some portion of that big money for bitcoin investments and they are already into accumulation of bitcoin.

Recently we touched $18k by mid of this month which was an clear indication that whales are in action out of FOMO. This trend will heat up slowly in the new year for sure.

It would be best if you recalled that Tesla is still holding a large amount of bitcoin, and their investment is not yet profitable for them at the moment. While looking at the stock market, all the tech billionaires are losing most of their wealth, and so is Elon, Elon also lost his position as the world's richest person when his fortune fell by $132 billion by 2022. I think he's in a lot of trouble on the business side, he won't be in the mood to invest in bitcoin and he's an excellent market manipulator, he wouldn't invest if he couldn't manipulate it.

[Nrcewker]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

It's been 2 weeks since he sold his stock, and now bitcoin is not moving well either. It can be said that his sale of TSLA stock has nothing to do with bitcoin, and you need to stop following him because he doesn't love bitcoin as much as you think. One more thing, Elon is a billionaire, and his assets are limited, he is not divine enough to be able to prevent a global recession. Don't idolize him too much, follow him soberly, or you will pay with your money when you hear what he says.

Elon is a whale who likes to manipulate the market for it’s own benefit. So if you follow him and go on his calls, then it won’t benefit you at all. It is also not necessary that whatever posts he make or whatever action he does will relate to crypto. So yes definitely people need to stop follow him. He just uses his brain and followers for his own benefits. Bitcoins will rise and definitely will grow. The marketcap of Bitcoins are sufficient to prove the capacity of Bitcoins.

[eaLiTy]

~
He's having a lot of trouble with Twitter and his business, and he's selling stocks to deal with his financial crisis rather than turning to other investments. Elon has a lot of work to do and other investment opportunities, I don't think he will focus too much on bitcoin, which he can't manipulate.

Elon has manipulated the cryptocurrency market when the market was rising and made a fortune but the current sell off in Tesla is to compensate the loans he took when he was purchasing Twitter. He is the worlds richest person but he was not having liquidity when he was planning to purchase Twitter and many chipped in during that takeover and may be he is settling those loans.

[Lantind]

if these funds would be put up on Bitcoin or Doge investment or would really be putting up into other potential investment that he does have in mind?

Elon Musk is not focused on crypto at the moment. I'm not sure he used the money to buy Bitcoin or Dogecoin.

Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter

As I said, he has too much company that he has lost control of what he owns. He seemed to want to rule the world with what he had. By buying Twitter, of course he was able to control some of the world's information. We know twitter users are among the elite or world leaders.
Not to mention talking missions to mars with SpaceX.

[FanEagle]

It is sad to see this guys name all the time here. I mean I understand he has a lot of followers and he has a lot of influence and I get it, but it is still sad. Normally we do not hear about jeff bezos or warren buffet or bill gates talking about crypto and we do not see their name here, but when it is Elon Musk, just because he had a few months where he took interest in crypto, we all think it is important to check his every move.

Even when it is not related to crypto, like him buying twitter or him selling his expiring shares, whne we are talking about these, people still think could it some how help crypto? Which any logical person would say no, but some people still wonder. It's really sad.

[JoyMarsha]

Elon Musk should be left alone, please. Someone can sell his company shares without trying to link them to cryptocurrency. Investors in bitcoin shouldn't rejoice if he sells any of his holdings. Elon's finances are not about saving the world from economic recession and the downward trend in the price of bitcoin because he has other things (his companies, I assume) for which he needs money. He may not be the only person who can save bitcoin investors at this time, in my opinion.

[EdenHazard]

It is sad to see this guys name all the time here. I mean I understand he has a lot of followers and he has a lot of influence and I get it, but it is still sad. Normally we do not hear about jeff bezos or warren buffet or bill gates talking about crypto and we do not see their name here, but when it is Elon Musk, just because he had a few months where he took interest in crypto, we all think it is important to check his every move.

Even when it is not related to crypto, like him buying twitter or him selling his expiring shares, whne we are talking about these, people still think could it some how help crypto? Which any logical person would say no, but some people still wonder. It's really sad.

Since the doge pump through his single tweet going mad back in 2020 ... everyone seems to think elon has that power to lift the crypto price up overnight , people expecting to have the same thing right now to repeat but it's never coming ... you know what , elon could really say that 'i am buying bitcoin now' but how you verify that he did it for real? Nothing can verify that.

It's all about speculation , a wild one and involving the big name such as elon who had history with bitcoin in the past.

[zaki12]

Elon is a smart guy so most provably he will use his money on other physical investment which I think he can grow his money more. If there's something left with it maybe he can use a little percent for bitcoin investment but I doubt he will do that since maybe he's done with cryptocurrency. But we don't know what his plan so maybe let see what will be he's next move since provably he will make a noise on social media about his possible venture.

according to some news, tesla's biggest income is not selling its electric cars, but selling its carbon emission allowance in the usa to companies that need more carbon emission disposal capacity than their company's share and tesla selling its carbon emission quota to other companies, then the second is from bitcoin .

So if, for example, Tesla still holds bitcoin, the share of carbon emissions that it gets will automatically decrease because it is cut off by bitcoin assets and now Elon chooses to reduce bitcoin assets so that the share of carbon emissions does not decrease so that Tesla can sell its share of carbon emissions to other companies.

If it's clearer, just look at Tesla's company's income report carefully and look carefully so you don't panic, Tesla sells bitcoins to add big profits from the sale of carbon emissions, where Tesla gets a share from US regulators

Yes, Elon is smart in doing business
Very clever to take advantage of regulations in a country to get benefits.