click here if you want to see your banner on this site

Author Topic: What happens if elon sells his bitcoins?  (Read 206 times)

robertsmark

  • Garden Hero
  • Hero Member
  • *****
  • Posts: 625
  • Karma: +0/-0
    • View Profile
What happens if elon sells his bitcoins?
« on: February 19, 2021, 11:54:28 AM »
Do they transer the bitcoin/ cash to tesla account?

If Elon personally owns BTC, and sells his BTC, he'll spend that money how he feels like. He's prob not passing his personal funds to Tesla. Tesla has something like $20B cash on hand already.

If Tesla sells its BTC, those funds will go into its retained earnings account. It can then invest the profits in something else, or distribute them to shareholders.

calis1

  • crypto currency news
  • Garden Hero
  • Hero Member
  • *****
  • Posts: 660
  • Karma: +1/-0
    • View Profile
    • cryptocurrency news
Re: What happens if elon sells his bitcoins?
« Reply #1 on: February 19, 2021, 05:00:48 PM »
Would it affect the BTC price?

hair

  • Garden Hero
  • Legendary
  • *****
  • Posts: 1400
  • Karma: +2/-0
  • BITGAME - Blockchain Betting Platform
    • View Profile
    • My Altt
Re: What happens if elon sells his bitcoins?
« Reply #2 on: February 19, 2021, 07:46:09 PM »
Bitcoin is not only owned by one person but many people. So I don't think it will affect the bitcoin price if Elon Musk sells it.

[email protected]

  • Garden Hero
  • Sr. Member
  • *****
  • Posts: 482
  • Karma: +0/-0
    • View Profile
Re: What happens if elon sells his bitcoins?
« Reply #3 on: February 19, 2021, 08:07:31 PM »
Indeed. It was Tesla that invested in Bitcoin, not Elon Musk personally. Those are two pretty different things. If Elon sold his BTC and tweeted about it, BTC will probably drop in price. If he sold them and didn't tweet about it? Probably nothing would happen.

fallenangel1789

  • Legendary
  • *****
  • Posts: 1648
  • Karma: +1/-0
  • Albetrage bet.. No Chance of Losing
    • View Profile
Re: What happens if elon sells his bitcoins?
« Reply #4 on: February 20, 2021, 02:34:18 AM »
Probably they are already selling. They bought around 30K and now started to take profit. If he dumps his all coins that will be bad, however.

DogecoinToTheMoonBaby

  • Newbie
  • Posts: 3
  • Karma: +0/-0
    • View Profile
Re: What happens if elon sells his bitcoins?
« Reply #5 on: February 20, 2021, 03:12:22 PM »
http://bit.ly/24kDogecoin

Sent from my VIEW 1 using Tapatalk


PascualSER

  • Full Member
  • ***
  • Posts: 159
  • Karma: +0/-0
  • Gender: Male
    • View Profile
  • Re: What happens if elon sells his bitcoins?
    « Reply #6 on: February 20, 2021, 06:59:52 PM »
    Bitcoin is not only owned by one person but many people. So I don't think it will affect the bitcoin price if Elon Musk sells it.
    Yes, globally, this will not affect Bitcoin, but it will definitely affect the current rate. Moreover, it will be public, he will not be able to sell them in secret from others.

    hair

    • Garden Hero
    • Legendary
    • *****
    • Posts: 1400
    • Karma: +2/-0
    • BITGAME - Blockchain Betting Platform
      • View Profile
      • My Altt
    Re: What happens if elon sells his bitcoins?
    « Reply #7 on: February 20, 2021, 09:24:59 PM »
    Yes, globally, this will not affect Bitcoin, but it will definitely affect the current rate. Moreover, it will be public, he will not be able to sell them in secret from others.
    Yes. I think what he has said that greatly influences the BTC price movement, he has the power for others to act. I can't help thinking that many people have been affected.

    [email protected]

    • Garden Hero
    • Sr. Member
    • *****
    • Posts: 342
    • Karma: +1/-0
      • View Profile
    Re: What happens if elon sells his bitcoins?
    « Reply #8 on: February 21, 2021, 02:28:24 AM »
    Elon musk a viral person who already invested Bitcoin, dogecoin and safepal coins which already gone to the moon. But I don't know exactly amounts of Elon musk invested bitcoin. But I think Elon musk can damage the Bitcoin market if he influenced.

    N2Coin

    • Novice
    • *
    • Posts: 22
    • Karma: +0/-0
    • View Profile
  • Re: What happens if elon sells his bitcoins?
    « Reply #9 on: February 24, 2021, 01:46:09 PM »
    Bitcoin is not depend based on the investors. Elon Musk created a Hype for Tesla. So, it does not matter when he sold out his bitcoin.

    sidik7

    • Garden Hero
    • Hero Member
    • *****
    • Posts: 729
    • Karma: +0/-0
      • View Profile
    Re: What happens if elon sells his bitcoins?
    « Reply #10 on: February 25, 2021, 12:39:36 AM »
    if elon musk makes a big sale it is clear that is has a huge impact on the value of bitcoin at this time but a lot of whales will also be scrambling to buy quickly because the bitcoin supply is very little . so it will increase .
    ██████
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██████
          ▄▄▀▀ ▀▀▀
        ▀▀ ▄▄▀▀▀▀▀▀▀▀
       ▄▀▀ ▄▄▀▀▀▀▀▀▀ ▀▀▄
     ▄▀ ▄ ▀  ▄▄▄▄  ▀▀▀▄▄
      ▄▀ ▄▀ █▀  ▀█ ▀▀▄ ▄▀
     ▀ ▄▀  ▄█▄▄▄▄█▄ ▀ ▄ ▀▄
    █ ▐▌  █  ▄▄▄   █ ▄ ▀▄
    ▀ ▀ ▌ █ ███ ▄ █  ▐▌▐▌
      █ ▌ █  ▀▀▀▀  █  ▐▌
      █ █  ▀▀▀▀▀▀▀▀  █ █
        █ █ █ ▐▌▐▌▐▌▐▌ ▀
        ▀ ▐▌ ▄ █ ▄ ▀ ▀
           ▀ ▀▄▐▌ ▀
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    █████
    ▄▄████████▄▄
    ▄████████████████▄
    ▄████████████████████▄
    ███████████████▀▀  █████
    ████████████▀▀      ██████
    ▐████████▀▀   ▄▄     ██████▌
    ▐████▀▀    ▄█▀▀     ███████▌
    ▐████████ █▀        ███████▌
    ████████ █ ▄███▄   ███████
    ████████████████▄▄██████
    ▀████████████████████▀
    ▀████████████████▀
    ▀▀████████▀▀
    ▄▄████████▄▄
    ▄████████████████▄
    ▄████████████████████▄
    ███████████▀    ▐███████
    ███████████    ▄▄█████████
    ▐██████████▀    ▀▀█████████▌
    ▐█████████▌       █████████▌
    ▐███████████    ███████████▌
    ███████████    ███████████
    ██████████    ██████████
    ▀████████▄  ▄████████▀
    ▀████████████████▀
    ▀▀████████▀▀
    ██████
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██
    ██████

    cryptofriend007

    • Newbie
    • Posts: 6
    • Karma: +0/-0
      • View Profile
    Re: What happens if elon sells his bitcoins?
    « Reply #11 on: February 25, 2021, 01:36:42 PM »
    As we already know every mention of BTC in Masks's Twitter changes the whole picture of the economy ::)

    WalletInvestor

    • Sr. Member
    • ****
    • Posts: 284
    • Karma: +0/-0
      • View Profile
      • WalletInvestor
    Re: What happens if elon sells his bitcoins?
    « Reply #12 on: February 25, 2021, 04:05:52 PM »
    Well it's quite obvious what happens to the money if Elon Musk / Tesla shares his/its bitcoins. The question is what would happen to bitcoin itself. I guess the price would somewhat fall afterwards, but I guess it would only be temporary.
    Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

    [email protected]

    • Garden Hero
    • Sr. Member
    • *****
    • Posts: 482
    • Karma: +0/-0
      • View Profile
    Re: What happens if elon sells his bitcoins?
    « Reply #13 on: February 25, 2021, 07:16:53 PM »
    My guess is that the price will crash, at least temporary, considering the man's influence on crypto prices.

     

    Bitcoin Garden 2013-2021, All rights reserved | Privacy Policy | DMCA | About Bitcoin Garden | Support & Services