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Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

cnbc.com

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Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#3

Post by polishdude20 »

ub99 wrote: post #2

It’s astonishing how a single individual can affect (manipulate) the value of an entire monetary ecosystem via a series of Tweets. What’s the advantage of Bitcoin being - allegedly - so independent from governments and other centralized powers then?

Yeah, the more news like this that comes out, the more I realize it's not much more than a popularity contest.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#6

Post by ericwooley »

jacobmischka wrote: post #4

I believe Bitcoin is a scam and Musk is mostly just a rich memer with high aspirations, but this seems like a bit of a stretch based on a single word in a single tweet.

How is it a scam?

I believe cars can fly, and bill gates is actually the president

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#7

Post by rvz »

Once again, they are not interested in hodling in the first place as I have said weeks ago. [0] They are interested in making money and Elon and Tesla know that they are able to move the crypto markets.

If they have already sold it, well that is the 'dump' + negative coverage / spin on BTC to pressurise the price to fall further. Now the poor HODLers at >$60K will have to wait a while until the next run up to the all time high.

One more thing in this crypto-currency episode, 'What goes up, musk go down.'

[0] https://news.ycombinator.com/item?id=27086093

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#8

Post by loceng »

adflux wrote: post #5

What an utter pillock has this guy become. Guess Tesla stock is going to get hammered again tomorrow, as Musk = Tesla in the view of the consumer

Had to lookup pillock - it's a real word!

Why do you think he's a pillock?

Don't you think he's got some merit considering he's climbed the ladder with successful exit after successful exit and now is #1/#2 richest person on Earth? Do you think his decision making is all fluke?

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#10

Post by protoax »

loceng wrote: post #8
adflux wrote: post #5

What an utter pillock has this guy become. Guess Tesla stock is going to get hammered again tomorrow, as Musk = Tesla in the view of the consumer

Had to lookup pillock - it's a real word! Why do you think he's a pillock? Don't you think he's got some merit considering he's climbed the ladder with successful exit after successful exit and now is #1/#2 richest person on Earth? Do you think his decision making is all fluke?

Believe it or not, you can be financially successful and still be a bad person. Bernie Madoff wasn't the most moral person.
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