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Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on May 02, 2020, 02:39:58 PM

Title: Is Elon Musk Selling His Bitcoin?
Post by: sirty143 on May 02, 2020, 02:39:58 PM
Is Elon Musk Selling His Bitcoin?

(https://i.imgur.com/74dIxVfl.jpg)

A recent tweet storm from Elon Musk begs the question — is Tesla's founder selling his reportedly small Bitcoin holdings? See more for yourself here (https://cointelegraph.com/news/is-elon-musk-selling-his-bitcoin).

Your opinion is greatly appreciated.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: SRShanuka2020 on May 02, 2020, 09:30:14 PM
Musk rattled off strange posts to kick off May
Musk followed up his fire sale tweet with a comment describing Tesla's stock price as too high, as well as a tweet demanded the return of freedom to the public.

Several additional tweets included random lyrics from the U.S. national anthem, a claim about his girlfriend's anger toward him, and his baby's apparent Monday due date.

In February 2019, Musk revealed he only held 0.25 BTC. Would selling all his physical possessions include selling his Bitcoin? Does he consider Bitcoin a physical possession?

Cointelegraph reached out to Elon Musk for additional details, but received no response as of press time. This article will be updated accordingly should a response come in.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: I-Bit on May 02, 2020, 10:39:21 PM
I don't know, I am not really getting the point from the article. I think it is still speculative to conclude that he is selling his Bitcoin. He didn't state clearly that he is selling Bitcoin, so there are many possibilities of what's happening. Anyway, even he is selling his Bitcoin, it is normal since Bitcoin is at a good rate to trade.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: Leonardo on May 03, 2020, 07:28:34 AM
Quote from: I-Bit on May 02, 2020, 10:39:21 PM
I don't know, I am not really getting the point from the article. I think it is still speculative to conclude that he is selling his Bitcoin. He didn't state clearly that he is selling Bitcoin, so there are many possibilities of what's happening. Anyway, even he is selling his Bitcoin, it is normal since Bitcoin is at a good rate to trade.
Same here. The whole article is just speculation. The writer doesn't even know if Elon Musk holds some bitcoin. If I were the writer, I would speculate that Musk sells his Doge instead of bitcoin, knowing that Musk tweeted about Doge twice. Anyway whether Musk sells his bitcoin or not, it doesn't have any effect on the market.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: Senin on June 28, 2020, 07:57:22 PM
Quote from: I-Bit on May 02, 2020, 10:39:21 PM
I don't know, I am not really getting the point from the article. I think it is still speculative to conclude that he is selling his Bitcoin. He didn't state clearly that he is selling Bitcoin, so there are many possibilities of what's happening. Anyway, even he is selling his Bitcoin, it is normal since Bitcoin is at a good rate to trade.
As far as I remember, the 0.25 bitcoin that Elon Musk has was given to him by someone. I don’t think that Mask will ever need money so much that he will sell his 0.25 bitcoins. He just keeps them as a souvenir and a memory of this man.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: Master107 on June 28, 2020, 08:22:36 PM
Quote
"I am selling almost all physical possessions," Musk tweeted on May 1. "Will own no house," he noted, adding:

"Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul."

Well, Mr. Musk deserve it. He can sell his physical possessions and can afford to buy another one. This man is brilliant and rich that can buy more than 0.25 btc. The small amount of btc is not the matter but the future plan of Musk including digital asset. Maybe it could reach Mars in the future to start new living and system of finance.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: TomPluz on June 29, 2020, 05:51:16 AM
Quote from: Senin on June 28, 2020, 07:57:22 PM
Quote from: I-Bit on May 02, 2020, 10:39:21 PM
I don't know, I am not really getting the point from the article. I think it is still speculative to conclude that he is selling his Bitcoin. He didn't state clearly that he is selling Bitcoin, so there are many possibilities of what's happening. Anyway, even he is selling his Bitcoin, it is normal since Bitcoin is at a good rate to trade.
As far as I remember, the 0.25 bitcoin that Elon Musk has was given to him by someone. I don’t think that Mask will ever need money so much that he will sell his 0.25 bitcoins. He just keeps them as a souvenir and a memory of this man.

I am sure that right now Elon is not thinking even some seconds on his little Bitcoin holding as it does not really matter to him, he has many other bigger concerns to attend to. So many article writers are good in writing materials so as to gain more readership and traction, and I presume so they can make more money just like Elon Musk.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: wahyudi on June 29, 2020, 03:18:50 PM
Although he once posted a bit of a chat about bitcoin on his Twitter account, apparently Tesla's CEO Elon Musk said his company would not participate in working on cryptocurrency.
In a podcast with investment advisor Cathie Wood, Musk said that bitcoin is something interesting and can be a valuable way to send money.  But according to him it was not something suitable for Tesla.
Title: Re: Is Elon Musk Selling His Bitcoin?
Post by: Bobcrypto on June 29, 2020, 04:54:15 PM
I think all these are mere speculation, either from big investors or a speculation from certern traders that has huge numbers of bitcoin just to creat "FOMO" on the bitcoin price or to cause slip price drop as a trading strategies to enter in for a fast gain.
Yes, Elon Musk is a big whale, and could influence the market at any time, but some group of Bitcoin enthusiast (investors/ traders) might had capitalized on these news for prices to drop and pave the way for them to buy. This is just my opinion.