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Learning & News => News related to Crypto => Topic started by: sirty143 on January 19, 2024, 05:50:50 AM

Title: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: sirty143 on January 19, 2024, 05:50:50 AM
Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'

(https://i.imgur.com/fybpVaXm.jpg)

Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” See more for yourself here (https://news.bitcoin.com/elon-musk-still-owns-a-bunch-of-dogecoin-spacex-owns-a-bunch-of-bitcoin/).

Your opinion is greatly appreciated.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: trendcoin on January 20, 2024, 10:39:59 PM
Elon Musk is trying to be effective in the cryptocurrency market by producing speculative discourses. Actually, he's not doing anything nice because he's manipulating the market, but on the other hand, he's also being useful for the mass adoption of cryptocurrencies. I ignore his manipulative statements and sympathize with him because I want to see his positive side. A character like him is useful for us.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Uruhara on January 21, 2024, 02:45:22 AM
Well, everyone already knows this. And it's no longer a secret. And actually Elon not only owns Doge but he himself may also own bitcoin and ETH. I once saw a Tweet containing an image of the Bitcoin, ETH and Doge logos in one of Elon's tweets or tweets related to Elon. So it is not surprising that Elon also has all three. And SpaceX also seems to be holding bitcoin for a long time.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: yhiaali3 on January 21, 2024, 06:10:53 AM
Quote
He has stressed that none of his companies will ever create a crypto token.
It is good that Elon Musk has confirmed that none of his companies will ever create their own token, as this will reduce scams promoted by claims that they belong to Elon Musk or one of his companies.

But I think that Mr. Elon Musk has lost his charm and influence on cryptocurrencies. In the past, any statement he made would cause a meteoric rise or decline in the market, but today we see that this influence has diminished greatly.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: babo on January 21, 2024, 08:47:31 AM
Don't listen to this troll, Elon Musk is simply a troll who enjoys tweeting bullshit for the simple purpose of having a laugh and having fun. Dogecoin of all the coins is perhaps the most useless and it's not just me who says it, the creators of doge also say it!

So be careful when speculating on Doge
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Faisal2202 on January 21, 2024, 01:26:41 PM
Elon is saying a bunch of money like $200 million in BTC is nothing to him, well, it really is not that much money for him so he can say it a bunch. Rich people have their own meanings of the words, for me $200 million is a hell lot of money, In the article it did not mention anywhere how much Doge Elon has but did mention that how much BTC they had in the Q3 of 2023 so I just round off them to $200 million.

I am not a big fan of Doge because it is highly driven by Elon's tweets, even though that's not against the law, but it is highly manipulative, people who are trading in doge, are gambling from my POV. I do care about BTC, and they did bad by selling %75 of the holdings in BTC, even if they were trying to save their own ass, they dumped the market badly.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Z-tight on January 21, 2024, 10:45:11 PM
I don’t listen to what Elon says about cryptocurrencies, i think whenever he wants to create panic and cause manipulation in the market, he talks about a specific coin, either that he is buying or selling some coins and then people start making decisions based on that.

Do your own research yourself and do not buy or sell a coin because Elon Musk or any other popular figure is doing so, make your own decision off your own research.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: bhadz on January 21, 2024, 11:32:40 PM
Quote from: sirty143 on January 19, 2024, 05:50:50 AM
Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'

(https://i.imgur.com/fybpVaXm.jpg)

Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.” See more for yourself here (https://news.bitcoin.com/elon-musk-still-owns-a-bunch-of-dogecoin-spacex-owns-a-bunch-of-bitcoin/).

Your opinion is greatly appreciated.


And that is why soon, he's preparing to tweet some things again about Dogecoin. So if you still have some dogecoin then you have to be patient and wait for his tweets because that usually what gives the signals to the world if they should buy. It is no doubt that his influence on the coin is great and giving everyone the thought that it was him manipulating the market. But it's just through his tweets and people are just going on based on the signal that he gives and I guess before that he wasn't expecting it to be impactful.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: famososMuertos on January 22, 2024, 02:05:29 AM
You can read that some hate it, others praise it, in fact, in some posts above, someone says that it is necessary and then says that it is not...  ::)

I think he was fundamental at the time for Doge and thought he would be fundamental with bitcoin, what he did was take a slice of +$200M in profits.  And he left a "negative" message on the manipulation of the crypto market.

Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: joniboini on January 22, 2024, 02:35:36 AM
Quote from: bhadz on January 21, 2024, 11:32:40 PM
But it's just through his tweets and people are just going on based on the signal that he gives and I guess before that he wasn't expecting it to be impactful.
I think he's perfectly aware that he has the power to manipulate people through his tweets, even though many of them also call out his bullshit regularly. I don't think he minds it that much as long as he can get enough liquidity to cash out whenever he wants to. He probably needs another year or two before he will become another McAffee, although considering his history I'm inclined to believe he knows when to quit and stop doing the manipulation so that he doesn't get into trouble.

All in all, the market is reactionary to his tweet whether we like it or not. Maybe not as much as before, but people should be aware and just take that into consideration whenever they want to trade or buy some crypto that he tweeted.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' ? Spacex Owns 'a Bunch of Bitcoin'
Post by: babo on January 23, 2024, 07:06:59 PM
our friend Elon also did some very illegal things, when his brother sold Tesla shares I dont remember on which occasion

this is called inside trading and no one fined him!!

without considering when he makes those stupid tweets about Doge, a coin lets face it, useless!

be careful following him, who in the end is someone like McAfee
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: dkbit98 on January 24, 2024, 11:23:22 AM
Clown Musk owns jack shit  :P
Don't trust anything coming from him, he is just a puppet controlled by people behind the scenes, and he is pretending to be the hero of the people.
Always remember how he manipulated everyone with adding and then removing Bitcoin payment from tesla ponzi scheme website.
And if you like this clown than go ahead and install one of his neuralink brain chips in your brain and be like one of his test monkeys  8)
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: ZAINmalik75 on January 24, 2024, 08:33:57 PM
If he still owns a bunch of dogecoins it is mean he will definitely be going to sell a bunch of dogecoin in this bull run, just like he sold BTC in the last bull run and covered his ass by making the excuse of money and Covid. Other than this, Elon is the only person who keeps driving Doge fever among investors, those who have understand the Elon's investment and tricks they easily make money with Dogecoin.

I am saying it because if Elon wants its price to go up he will make some adoption news, for example for his X app AKA twitter, he might use Doge as a payment method without the need for banks just like the news said. Investors should invest only that amount in this token that they can afford to lose because this investment is highly risky and I suggest to avoid it while we have better options in our hand.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Yamane_Keto on January 25, 2024, 03:01:18 AM
Elon Musk FUD is back again, months have passed since I last heard Elon Musk talk about cryptocurrencies, and it seems that https://news.bitcoin.com did not find any new news, so it resumed publishing Elon Musk stories.
Elon's impact will not be significant for this cycle and we may see regulatory entities emerging in the coming months that will make the price rise.
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Papusha20 on January 25, 2024, 04:37:43 AM
Elon Musk, Tesla, and Spacex Maintain Crypto Holdings
Tesla CEO Elon Musk has revealed that he still owns a bunch of meme cryptocurrency dogecoin (DOGE) and his spacecraft manufacturing company, Spacex, still owns a bunch of bitcoin (BTC). In a discussion on X Space last week, the billionaire said:
Source Link: https://news.bitcoin.com/elon-musk-still-owns-a-bunch-of-dogecoin-spacex-owns-a-bunch-of-bitcoin/
Musk also previously revealed that Spacex owned bitcoin while his electric vehicle company, Tesla, disclosed net digital assets of $184 million in the company’s Q3 balance sheet. Tesla invested $1.5 billion in BTC in Q1 2021 but sold 75% of its holdings in Q2 2022. Musk explained at the time that the company is “certainly open” to increasing its bitcoin holdings in the future, noting that the sale was due to concerns about the company’s overall liquidity, “given Covid shutdowns in China.”
Title: Re: Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Post by: Husires on January 25, 2024, 01:38:21 PM
Quote from: Papusha20 on January 25, 2024, 04:37:43 AM
Tesla invested $1.5 billion in BTC in Q1 2021 but sold 75% of its holdings in Q2 2022. Musk explained at the time that the company is “certainly open” to increasing its bitcoin holdings in the future, noting that the sale was due to concerns about the company’s overall liquidity, “given Covid shutdowns in China.”
I expect that they will buy during this year, for example, in Q4, and then in January, they will pump positive news, and then before the end of the year, they will sell that investment. It is a guaranteed profit with low losses and an opportunity to double revenues, especially with the losses due to the Twitter deal.
Elon Musk has fickle opinions and you should not believe a word he writes. He loves to steal the spotlight and he may do so soon.