Quote from: Mpamaegbu on August 21, 2023, 11:40:22 AM

Quote from: adaseb on August 20, 2023, 04:46:39 AM

Musk selling isn’t a big deal. Especially since this was a small position anyways and we knew he would eventually sell since he sold 80% or so already.

So, the story making the rounds that the billionaire Michael Burry shorted Bitcoin with a substantial amount of his earnings (about 93%) a few days ago was actually a mere rumour? That side of the story was pushed on social media (especially on Facebook) and was alleged to have been the reason Bitcoin dumped. I've searched painstakingly online to get that story from credible sources but haven't seen it. What I came across that he traded wasn't Bitcoin but stocks on the day in question. I don't know how that correlates with the price of Bitcoin, anyway.

I have never heard of that, if something like that happened I am sure that people would be all over it and we would hear about it everywhere we go, I think that could be just a rumor. I get that it is not that easy and I get that we may not hear about it and maybe he did it but we didn't get the proof all that could also be true you are right about that but also if there was even a single proof, we are on the online world there will be some proof of it without a doubt.

In any case, I do not think that bitcoin is doing badly, it may have gone down for the time being but I bet that it will recover and there will not be a problem at all. We are going to do well enough and it will not be an issue, we will get out of this with profit.