Elon Musk won't sell his bitcoins, he tweeted this and we see no big movement in the market. There was a time when his tweets had big effects on the market. This guy is losing his value by promoting Dogecoin.
Yeah, he won't sell his Bitcoin or his shitcoins, who cares. I think that in this forum we don't really care what he says, although it must be recognized that he has a short-term influence on the markets.
Well, in principle I would agree with you. But you shouldn't forget that Musk now has a certain influence on prices. He has a large following who hang on his every word. If Elon says he's investing in coin X, then that coin will certainly see an increase. Therefore, his tweets are meaningful, whether you like him (or its behavior) or not.
I seconded. Most of us here are well aware what Elon has been doing to manipulate altcoins.
But, we are not the only people (here in the forum) who has been investing into cryptocurrency. I personally knew that since the NFT p2e games has become a trend. Most of the people I knew who invested in crypto is not a member of this forum. So, yeah Elon still has bunch of followers that will follow what he says what to invest as well.
We might not care about what he thinks and what he says, but there are still blind followers of him outside this community.