Ninjastic
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Board Bitcoin Discussion
Re: Musk and Tesla's BTC conspiracy
by
pixie85
on 17/05/2021, 21:27:10 UTC
Quote from: Permonik on May 16, 2021, 08:40:41 PM
Quote from: pixie85 on May 16, 2021, 06:53:30 PM
Quote from: teck28 on May 16, 2021, 01:21:55 PM
Its looks like Elon Musk to me same the person Pump And Dump , when he want to make money from BTC he posted BTC is good and when he want to buy BTC at low price and sell at high he posted BTC is not good , why you said earlier that you are BTC in your balance sheet as investment and buying doge coins for son , you are nothing but pump and dump

Isn't that what JPMorgan did a few years back? CEO tweeted how Bitcoin is stupid and that he'd fire anyone in the company if they traded bitcoin, next thing they are found to be trading.

Elon doesn't want Bitcoin, he needs company revenue on paper so he'll pump and dump, manipulate, tweet silly things, he'll do whatever it takes to show profit.

My opinion is that if he hasn't sold, he will, so don't count on his help or anything. Bitcoin survived without him for so long and it will keep on going long after he's gone.

I think that Tesla already sold bitcoins.

But what I do not understand is why is the price is affected so much by his tweets. Who cares if Tesla stops BTC payments? How many cars they already sold for BTC? 10? 15? Or less?

This is INSANE!

It's not all about his tweets. The problem is that Bitcoin was already overbought at 60 thousand and many people knew it could correct so they had no buy orders set up at that level.
When Musk spew his hate and some people got scared and sold they sold into empty market.

When you have 1000 bitcoins and sell and there's only buy orders for 500 in the given range, the rest will automatically fill all the lower orders. If another big buy order is 2000 USD lower than that's where you'll sell your last coin. We are witnessing a domino effect that will stop when people calm down and realize it could be a good moment to buy again because what's done is done.

That's why it's called panic because people are not thinking straight. They are trying to get rid of bitcoin at all cost because there could be something wrong with it when reality nothing is wrong. It's the same Bitcoin they were paying 60000 USD for.