Elon Musk Wont Sell his Bitcoin

[ancest0r 31]

Elon Musk has stated that he will not sell his bitcoins, as evidenced by his tweet, and there has been no significant movement in the market. There was a time when his tweets had a significant impact on the market. By promoting Dogecoin, he is depreciating in value.

[desheriff 9]

Yes, but he still has a sizable following who blindly buy whatever he promotes. I noticed really short term price fluctuations by the time he made this tweet, but as you said, this is only temporary and will definitely dump again when no one is buying the hype anymore. Maybe he's not selling crypto because he doesn't own anything. He's astute, and he understands when to buy and sell stocks or shit tokens.

[kimonode 14]

I despise how he's lumped Doge in with Bitcoin and Ethereum. Perhaps he's trying to associate Doge with the big players in the crypto game in a devious way? I'm sure he understands the distinction between Bitcoin and Doge, and perhaps he's realized he has millions of useless and pointless Doge and is working on a way to get rid of them.

[hubde 19]

Why would Elon Musk even sell his crypto? I am sure that he has plenty of fiat money and holding or loosing money in crypto will not effect his  wealth. The only reason why he would do it, is to troll crypto community. Also I think that he has friends, that hold crypto, but are not as rich as he is. If he triggers crypto price drop, his friends financial stability might get hurt. But in general I think that he is not interested in crypto as much as he used to be.

[animalde 34]

He stated that he did not sell any of his other coins, including Bitcoin. But it makes no difference to us. His popularity has dwindled, and no one, including myself, trusts him as much as he once did. As a result, there is no positive or negative market effect in his tweet. Hee hee. I believe he has lost a lot of money by purchasing his coin, which is why he has resumed posting about his Dogecoin and attempting to dupe people into purchasing those coins.

[bowerzcr 16]

What does it matter? It's your coins, so do whatever you want with them. Elon Musk can't control Bitcoin, so if he wants to control Dogecoin, I'll let him. It's a shame how many of his followers actually believe what he says; anything he says doesn't necessarily imply that he will do the same. People texting him laugh while he is actually depressed or crying.

[Francis 26]

Yes, there is another issue with bitcoin caused by a public figure who drives up the price of meme coins. When others believe that Elon Musk's real assets are selling his house and other assets for cryptocurrency exchange at the time.
and he still owns and controls it. I believe that if this issue is discussed on Twitter, there will be a market reaction, even if it is not long-term. I'm hoping that the bitcoin market will improve and penetrate ath this week. Fundamentals are not everything, but there are historical benchmarks (past transactions of a news) and I hope it will pump for bitcoin despite a deep correction.

[venna 15]

I believe you are correct, and it is no surprise that we are seeing some posts here where people want to believe that Dogecoin is equal to Bitcoin because of people like Elon Musk and his Dogecoin rhetoric. I believe he believes that if he mentions Dogecoin in the same sentence as Bitcoin and Ethereum, something will happen with the price, otherwise he would have just tweeted about Doge alone, even though I don't think his focus is on selling but on hyping Dogecoin again.

[Amante 14]

Elon Musk had a significant impact on the market at the start of the last bull run, but his tweets no longer have the same impact on people. However, if he stated that he was going to sell all of his bitcoins, the market would undoubtedly suffer. It makes no difference that he isn't going to sell.

[oxslip 29]

I always try to avoid the coins he holds because I believe he has some control over price manipulation. But not for Bitcoin, which I am very protective of. Because Bitcoin is still more resistant to manipulation than the sh*tcoin he holds. Trying to avoid what he tweeted is the best option for our investment, but long-term investments should be able to avoid price manipulation.

[Ygritte 42]

That's what it means: he just put some sugar on top to make it look like a regular tweet for advice, but in reality, he's trying to fool us by putting his Doge in the same category as those two current crypto market heavyweights. Like his other tweets, he is attempting to prepare something here, which means we must avoid this man's claim or risk falling victim to his investment strategy and becoming one of his helpless victims.

[Luxuriousde 23]

Actually, he still believes he has the same influential status in the crypto market from which he can turn the stones in his favor for personal gain, but the self-proclaimed genius is unaware that his short-term influence is over bitcoin, and true bitcoiners don't give a shit about what he says.

He owns doge, wants to make it the official coin of Mars' alien colony by 2024, and accepts it as payment for his business, but the fact that it's shitcoin doesn't change, and ETH has no positive impact on gas even after the latest hard fork that burns the coins.

He is actually attempting to play a two-sided game by advising people to invest in commodities rather than bitcoin in the hopes that price drops will strengthen his position by allowing him to accumulate more at lower prices.

However, if you are wise enough, you will not seek advice from those who do not understand it.

Once upon a time, China was the main source of spreading FUD in the market, as they banned bitcoin several times, causing dumps each time.

They kick out the miners, and hashrates drop, but after a few days, everything returns to normal, and they no longer have China's monopoly.

But the world no longer cares about China, and Clown Musk is no exception, so let him swing his way.

[Libr2 40]

I'm not sure what he believes, but Elon Musk had nothing to prove to us. We don't care if he had a lot of Bitcoin and sh*tcoins in his wallet. Well, if he doesn't sell, that's fine; I believe he knows what he's doing. It was his decision, and we can't force him to sell. Alternatively, he may have a future plan in which he and the Tesla company accept Bitcoin again.