Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Effect of Tesla bitcoin sale not significant
by
FatFork
on 22/07/2022, 19:19:09 UTC
⭐ Merited by PrimeNumber7 (1)
The news about Tesla is just clickbait, as most news pertaining to crypto these days. They do it to spread panic and force you to sell.

As far as I know, Tesla released its financial results for the second quarter of 2022 in line with what is expected of them by their shareholders and as they routinely do each year. Media outlets were merely reporting the facts and published their articles accordingly.

And I don't believe Elon Musk ever moved the price in 2021. He could have moved dogecoin's price, but not bitcoin.

Elon Musk doesn't move the price, the market does. Market moves are the result of many things, but the key component of all of these reactions is the psychology of the traders and the buying and selling that result from them.