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Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

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Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#11

Post by ObserverNeutral »

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?

> 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?

Exits are fine for your buddy smoking pot on the beach as you look back at the past 3 years running a company before the acquisition by a bigger fool who you managed to screw over.

Richest man in the world should be a guy who can walk away from the company and sell 15-20B dollars worth of shares per year and the company does just fine, with an AAA+ Credit rating. Namely:

Jeffrey Preston Bezos

William Henry Gates III

Warren Edward Buffett

Lawrence Edward Page

These are serious people, Musk is just one of us who is constantly winging it and hit it big with the constant pumping, cult of personality and frankly fraud. Matter of fact he can't walk away.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#12

Post by ketamine__ »

polishdude20 wrote: post #3
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.

You could easily say this about the stock market. Imagine if Buffett came out and said in advance he was going to sell all his Coke stock.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#13

Post by loceng »

rvz wrote: post #7

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…

I mean, shouldn't it be taken as a lesson that if the kids want to play with fire, an unregulated market (include MLM-Ponzi scheme structure by all accounts), then that's one type of pitfall that exists?

Elon's also publicly said, tweeted not too long ago: "Bitcoin is almost as much bs as fiat money" - so just because the markets didn't know or report on that to help provide a balanced, critical breakdown to promote balanced news - that's all Elon's fault? The mob of irrational buyers have no responsibility to know what they're "investing" in or to research and understand statements or behaviours about what they're "investing" in?

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#14

Post by ketamine__ »

rvz wrote: post #7

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…

There's a cult of personality around him.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#17

Post by ketamine__ »

loceng wrote: post #13
rvz wrote: post #7

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…

I mean, shouldn't it be taken as a lesson that if the kids want to play with fire, an unregulated market (include MLM-Ponzi scheme structure by all accounts), then that's one type of pitfall that exists? Elon's also publicly said, tweeted not too long ago: "Bitcoin is almost as much bs as fiat money" - so just because the markets didn't know or report on that to help provide a balanced, critical breakdown to promote…

Did Elon issue a warning to the public? Did he tell them not to buy? Did he post a tweet agreeing with Munger and telling people to stay away?

He fed the fire because it helped raise his public persona. I think he does have responsibility.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#18

Post by loceng »

protoax wrote: post #10
loceng wrote: post #8

Earlier quoted context omitted.

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.

So you changed the argument to bad vs. not bad person. Don't you think there's a net benefit to Elon with Tesla getting literally all vehicle manufacturers to now seriously be on the path to mass producing EVs? How do you account or calculate that vs. whatever other behaviours he may engage in?

Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other bells and whistles misattributed to Bitcoin from blockchain; so are all all earlier adopters who then peddle/hype Bitcoin without understanding it also then bad people, or only if they understand it has a MLM-Ponzi structure and they're happy to milk schmucks/layperson that the SEC is meant to protect?

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#19

Post by ketamine__ »

bdcravens wrote: post #16
neillyons wrote: post #9

I guess insider trading doesn't apply to Bitcoin?

Who would be an insider? In general, many regulations do not apply. The Bitcoin party line is that they like it that way.

https://pomp.substack.com/p/what-happened-to-bitcoin-when-el...

> Let us first cover the elephant in the room: the Elon dump. Firstly, there were 19,259 BTC moved onto exchanges before Elon’s tweet and ensuing price dump. I do not think this is coincidence and was likely someone with insider information.

Regulations may not apply but it would be interesting if Musk told one of his rich friends before posting the tweet. That could look bad for him if something like that was discovered.

Re: Elon Musk Suggests Tesla May Have Dumped Bitcoin Holdings

#20

Post by protoax »

loceng wrote: post #18
protoax wrote: post #10

Earlier quoted context omitted.

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

So you changed the argument to bad vs. not bad person. Don't you think there's a net benefit to Elon with Tesla getting literally all vehicle manufacturers to now seriously be on the path to mass producing EVs? How do you account or calculate that vs. whatever other behaviours he may engage in? Funny you bring up Ponzi schemes too, considering that's what Bitcoin is - just global and decentralized - with a few other…

My understanding of the word pillock is that it is a synonym for the word jackass. So I am referring to the fact that just because he is financially successful, does not mean he cannot be a jackass and voluntarily do bad things, which is what you insinuated.
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