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

[South Park]

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.

Besides at the time such a thing had impact because no one really was expecting it, now there are even bots fully dedicated to just monitor the Twitter account of Musk and if there is a positive mention of dogecoin then they will buy the coin immediately, so unless someone has that kind of level of obsession with Musk and the technical expertise to do that by the time you were to find out about this it would be too late and the price of dogecoin would have pumped already.

[OgNasty]

I think Elon’s forced selling is coming to an end. It’s likely that yesterday’s action may mark the capitulation and bottom of the stock price. Its forward multiples have fallen from insane to reasonable and plenty of new products are on the horizon. I actually purchased some Tesla stock today for $111 per share and think that in 5-10 years this may be looked at as the last great opportunity to get in before Tesla took things to the next level.

[Fundamentals Of]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

[CryptoBuds]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

Even he announced buying bitcoin, I hope bitcoin won't have any volatility. I really dont want bitcoin to be affected by a name. We should remember that bitcoin is decentralized, so don't expect someone to buy bitcoin, and its price will go up. If bitcoin is manipulated so easily it will no longer be decentralized, so don't expect that to happen.

But you're right, Elon has a lot of work to do, he's not a crypto guy. Many people are counting on him to save the market, I guarantee they will never make a profit as long as they follow him.

[Fundamentals Of]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

Even he announced buying bitcoin, I hope bitcoin won't have any volatility. I really dont want bitcoin to be affected by a name. We should remember that bitcoin is decentralized, so don't expect someone to buy bitcoin, and its price will go up. If bitcoin is manipulated so easily it will no longer be decentralized, so don't expect that to happen.

But you're right, Elon has a lot of work to do, he's not a crypto guy. Many people are counting on him to save the market, I guarantee they will never make a profit as long as they follow him.

I also don't want the price of Bitcoin, and Bitcoin itself more importantly, to be attached to a name or names. Although this is not what Bitcoin's decentralization really means, it is really not good for the price of Bitcoin to be easily manipulated by certain personalities. That's why I don't celebrate with others when Michael Saylor makes a big purchase as if he is a redeemer. I won't also celebrate when Elon Musk would be purchasing as if he saves everyone from the bear market.

If this thing goes on and on, Bitcoin would eventually become another toy of the fiat elites and billionaires.

[Emitdama]

The reality is that it was optioned stocks and he would have to be forced to sell anyway. People are acting as if dude sold 50 billion dollars worth of stock just to piss people off or something as well when he did it, reality was that he had to pay his taxes, and the only way to pay 50 billion dollars would be selling that much stock.

In reality, this dude would not sell a dime of his stocks if he had the choice, and why would he considering how much it grows, and probably buys it back in regular shares as well, the only problem he has is the fact that some of the stocks he has is options, and turns into cash after the time runs out on them.

[stomachgrowls]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

[Yaunfitda]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

Yes, and it could be bad or good (making assumptions), we can also have our hunch on what Elon will do in the future. But for now, since he has sold his bitcoin and have been putting doge in his mouth for years now, I will also says that he is no longer a bitcoin supporter, not unless he shows proof again that he bought or his company started reinvesting again. And with that, he no longer can influence the market like before wherein every statement of his was taken very positively resulting in the price moving upward. Times has change and its better this way now. No manipulation whatsoever coming from this crypto influencer.

[LittleBitFunny]

I don't think this is necessarily bullish for Bitcoin unless Elon himself announced that the billions in proceeds will be used to buy Bitcoin. Otherwise this is pure speculation that does not have any basis at all. Elon is not Saylor in terms of supporting Bitcoin.

But will he buy Doge instead? Again this is pure speculation that has zero basis. But what is clear is that Elon is not really a crypto guy. He's got other more important business to think of.

People do make out some assumptions even it wasnt been confirmed.No one really knows on where Elon would be using up those money whether it would be put up on other projects or investments that he do have in mind or would really be pouring up all of these amounts to Bitcoin? Elon's involvement on crypto doesnt automatically means that he would be focusing on pouring up his funds into this market.
People shouldnt assume because on the time that it would be proven out or some words from Elon then they would really get disappointed incase it wasnt really the thing that they are
expecting on.

Yes, and it could be bad or good (making assumptions), we can also have our hunch on what Elon will do in the future. But for now, since he has sold his bitcoin and have been putting doge in his mouth for years now, I will also says that he is no longer a bitcoin supporter, not unless he shows proof again that he bought or his company started reinvesting again. And with that, he no longer can influence the market like before wherein every statement of his was taken very positively resulting in the price moving upward. Times has change and its better this way now. No manipulation whatsoever coming from this crypto influencer.

He has never been a bitcoin supporter, what he does, he tries to manipulate the market just for his benefit. We should stop following him and what he says, don't let him manipulate us anymore. If he buys bitcoin, I think it is not good for bitcoin and the market because he is just trying to make a profit, and he will dump it when he makes a profit.

I don't expect him to invest back in bitcoin, he should focus on his work and dogecoin, and let bitcoin grow without being tied to him, we are fed up with that news.

[puloweh555]

I think Elon’s forced selling is coming to an end. It’s likely that yesterday’s action may mark the capitulation and bottom of the stock price. Its forward multiples have fallen from insane to reasonable and plenty of new products are on the horizon. I actually purchased some Tesla stock today for $111 per share and think that in 5-10 years this may be looked at as the last great opportunity to get in before Tesla took things to the next level.

it trades on emotion… Basically Tesla is as strong as ever. I don't like how Tesla exceeded its previous value, but look at record after record of car shipments per quarter and you'll be talking about how Elon is doing. When Elon sells 50% of his shares then you can say something. Elon is selling on the bare minimum and he'll recoup all of those parts with his performance.

[wxa7115]

He has never been a bitcoin supporter, what he does, he tries to manipulate the market just for his benefit. We should stop following him and what he says, don't let him manipulate us anymore. If he buys bitcoin, I think it is not good for bitcoin and the market because he is just trying to make a profit, and he will dump it when he makes a profit.

I don't expect him to invest back in bitcoin, he should focus on his work and dogecoin, and let bitcoin grow without being tied to him, we are fed up with that news.

This is what many of his supporters in this market do not get, Elon is interested in this market only as a way to make money for himself.

And this by itself is not wrong as it is natural that we look for the most efficient way to reach our goals, and if Elon believes this market will play a role on his goals then he can invest in bitcoin or altcoins if he wants, however his fans do not see this, and instead they believe he is genuinely interested in this market and ready to support it, something we know is not the case.