Post
Topic
Board Bitcoin Discussion
Re: Tesla buys 1.5 BILLION worth Bitcoins !! Good or Bad ?
by
iTradeChips
on 13/02/2021, 12:04:33 UTC
BUT what am worried about is :
The market manipulation by Elon Musk that did happen this month on twitter , it was not only bad but at the same time it could mean that he plans to do such things in the future.


I'm not worried about this, Bitcoin is not that easy to manipulate. Yes, Elon stirred some movement, but he can't do this forever, sooner or later the market will tire of it. More and more people are realizing that Elon is just trolling when he talks about Dogecoin.

And it's unlikely that he would manipulate the Bitcoin market for personal gain, he's already the richest man in the world, what's the point?

Unless, he wants to gain much much more under bitcoin so he can use more and more money for his science and space endeavors. You know, make some strategies for him to get more and more money. He knows well that the market will not treat him buying bitcoin very lightly and it shows in the decrease of stock price of Tesla. But he does not really case I think because he still have billions to use for his projects and has Bitcoin to give him extra boost in case the crypto increased in price.