news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Edward Snowden Leaked XRP WILL EXPLODE On Jule 28! XRP To $80000! (Xrp News Today)

    Edward Snowden Leaked XRP WILL EXPLODE On Jule 28! XRP To $80000! (Xrp News Today)

    How Much Will Cardano ( ADA ) Be Worth In 2025? – I Think This Much! – Here's Proof!

    How Much Will Cardano ( ADA ) Be Worth In 2025? – I Think This Much! – Here's Proof!

    03/07/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | luna crypto news |Bengali

    03/07/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | luna crypto news |Bengali

    Baby Dogecoin News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Baby Doge

    Baby Dogecoin News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Baby Doge

    Crypto News Today | Cryptocurrency News Today | Rajeev Anand | Bitcoin News today | Dogecoin | Shiba

    Crypto News Today | Cryptocurrency News Today | Rajeev Anand | Bitcoin News today | Dogecoin | Shiba

    Ripple/XRP-EURegs Passed,Sen Calls Out Gensler,XRP Addresses EXPLODE, BIS-Allow Banks To Hold Crypto

    Ripple/XRP-EURegs Passed,Sen Calls Out Gensler,XRP Addresses EXPLODE, BIS-Allow Banks To Hold Crypto

    क्रिप्टो रेगुलेशन बड़ी खुशखबरी 📣Crypto News Today | Why Crypto Market Is Going Down Today |

    क्रिप्टो रेगुलेशन बड़ी खुशखबरी 📣Crypto News Today | Why Crypto Market Is Going Down Today |

    👆 This Coin Will Pump Now 🚀 Crypto News Today | Cryptocurrency News Today Hindi | Best Crypto Coin

    👆 This Coin Will Pump Now 🚀 Crypto News Today | Cryptocurrency News Today Hindi | Best Crypto Coin

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Edward Snowden Leaked XRP WILL EXPLODE On Jule 28! XRP To $80000! (Xrp News Today)

    Edward Snowden Leaked XRP WILL EXPLODE On Jule 28! XRP To $80000! (Xrp News Today)

    How Much Will Cardano ( ADA ) Be Worth In 2025? – I Think This Much! – Here's Proof!

    How Much Will Cardano ( ADA ) Be Worth In 2025? – I Think This Much! – Here's Proof!

    03/07/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | luna crypto news |Bengali

    03/07/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | luna crypto news |Bengali

    Baby Dogecoin News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Baby Doge

    Baby Dogecoin News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Baby Doge

    Crypto News Today | Cryptocurrency News Today | Rajeev Anand | Bitcoin News today | Dogecoin | Shiba

    Crypto News Today | Cryptocurrency News Today | Rajeev Anand | Bitcoin News today | Dogecoin | Shiba

    Ripple/XRP-EURegs Passed,Sen Calls Out Gensler,XRP Addresses EXPLODE, BIS-Allow Banks To Hold Crypto

    Ripple/XRP-EURegs Passed,Sen Calls Out Gensler,XRP Addresses EXPLODE, BIS-Allow Banks To Hold Crypto

    क्रिप्टो रेगुलेशन बड़ी खुशखबरी 📣Crypto News Today | Why Crypto Market Is Going Down Today |

    क्रिप्टो रेगुलेशन बड़ी खुशखबरी 📣Crypto News Today | Why Crypto Market Is Going Down Today |

    👆 This Coin Will Pump Now 🚀 Crypto News Today | Cryptocurrency News Today Hindi | Best Crypto Coin

    👆 This Coin Will Pump Now 🚀 Crypto News Today | Cryptocurrency News Today Hindi | Best Crypto Coin

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

    Cardano ADA Price News Today – Elliott Wave Technical Analysis and Price Now! Price Prediction!

No Result
View All Result
news4global
No Result
View All Result
Home Bitcoin

Crypto Reacts: Tesla Panic Sells Its Bitcoin, The Internet Explodes

July 22, 2022
Reading Time: 6 mins read
0
Crypto Reacts: Tesla Panic Sells Its Bitcoin, The Internet Explodes
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

August 13, 2022
US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP – Regulation Bitcoin News

Philippines Will Stop Accepting Crypto License Applications for 3 Years, Regulator Says – Regulation Bitcoin News

August 13, 2022

One thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the town today, as news of his company selling 75% of their bitcoin hit the wires. The reactions go from clowning Musk to overanalyzing the situation and everything in between. What a fun day in crypto land. 

What did the people write and how did they tweet it? Let’s find out. 

Laughing At Tesla Or Laughing With Tesla?

Considering that at best Tesla broke even on this trade, the Internet didn’t clown the company as hard as it should have. People seemed to respect Tesla’s right to do whatever they want with their coins. Let’s wait for bitcoin’s price to pump before making a definite statement on this, though. In the meantime…

  • MicroStrategy’s CEO Michael Saylor stated the obvious in a hilarious way – “If you sell 75% of your bitcoin, you will only have 25% of your bitcoin left.”
  • Nat Brunell, host of Bitcoin Magazine’s “Hard Money” show, made a silly but effective pun – “You Musk not sell your Bitcoin”
  • Crypto analyst Inmortal invoked millennial powers – “You are the richest man in the world and you panic sold $BTC at loss? Ok boomer.”
  • Bitcoin Magazine showed us what happens “When you buy high and sell low”

When you buy high and sell low pic.twitter.com/y5gSqyWqmc

— Bitcoin Magazine (@BitcoinMagazine) July 20, 2022

  • The magazine’s editor, Pete Rizzo went back in time, “Elon Musk on Bitcoin exactly 1 year ago”

✨ Elon Musk on #Bitcoin exactly 1 year ago

💀💀💀 pic.twitter.com/EZQHKKp1SS

— RIZZO (@pete_rizzo_) July 21, 2022

How everyone reacted to @elonmusk‘s paper hands. pic.twitter.com/gU7TNQpGy4

— Handre van Heerden (@Handrev) July 21, 2022

  • National state adoption evangelist, Samson Mow clowned Tesla hard at first, “Buy high, sell low. Tesla showing us how it’s done!” Then, he changed his tune to something more politically correct,  “Almost everyone that sold this dip had no choice but to sell, and none of the reasons had anything to do with Bitcoin fundamentals. I’d say we’re on the way back up and decoupling soon.”

BTC price chart for 07/21/2022 on Bitfinex | Source: BTC/USD on TradingView.com

Fundamental Analysis Of The Situation

Taking itself too seriously, the crypto industry went full Sherlock Holmes on the Tesla situation. And thank God they did, because the analysts actually made some phenomenal and very interesting points. For example:

  • Riding for Elon Musk, Binance’s CZ talked numbers – “Up to $100 billion of btc get traded every day. Someone selling $1 billion is a drop in the ocean.” Interesting and higher than expected numbers. And CZ should know about this topic in particular.
  • The Coin Bureau guy downplayed the situation and its effect  – ”It was only a matter of time that we would see this. The market has brushed it off though.”

It was only a matter of time that we would see this. The market has brushed it off though. pic.twitter.com/c2JQc4G8bc

— Coin Bureau (guy.eth) (@coinbureau) July 21, 2022

on @elonmusk & #Bitcoin pic.twitter.com/M4g9rwfynT

— LN Markets (@LNMarkets) July 21, 2022

  • Professional trader MisterSpread stated the obvious in a funny way – “Seriously now, thank you Elon for the big stress test you made Bitcoin go through and showed the whole world that Bitcoin is money after Tesla bought and sold billions worth of it.”
  • For his part, Bitcoin Lebowsky stated the facts– “The fact that Bitcoin is still at 23k after months of miners selling, Tesla selling, the Macro disaster and of course all of the ongoing FUD, is nothing short of remarkable.” 
  • Trader and Arca’s CIO, Jeff Dorman broke it down – “If you’ve ever wondered whether or not trading bots control digital asset trading…keep in mind the entire digital asset market just fell on news that one company (Tesla) sold one asset (BTC) 1-3 months ago. ”

If you’ve ever wondered whether or not trading bots control digital asset trading…keep in mind the entire digital asset market just fell on news that one company (Tesla) sold one asset (BTC) 1-3 months ago.

Expect full retrace of this move quickly. https://t.co/cAX3rbGlwR

— Jeff Dorman, CFA (@jdorman81) July 20, 2022

  • Swans’ Steven Lubka sees the bright side – “The Tesla news is bullish, now Elon can’t sell his Bitcoin again and it’s been purchased in the 20s by more reliable and less erratic actors.”

That’s one of the key takeaways, Tesla is no longer in a position of power and Elon cannot easily manipulate bitcoin’s price anymore. Also, the network is liquid and can handle stress phenomenally. And it’s not controlled by trading bots. We learned all of that and more from a simple trade.

Featured Image by Priscilla Du Preez on Unsplash  | Charts by TradingView

Tesla, a car and the logo

Share76Tweet47

Related Posts

Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

by admin
August 13, 2022
0

Last week, the world’s largest investment manager BlackRock announced a collaboration with crypto exchange Coinbase to enhance institutional access to...

US Lawmaker Urges SEC to Go After Major Crypto Exchanges That Traded XRP – Regulation Bitcoin News

Philippines Will Stop Accepting Crypto License Applications for 3 Years, Regulator Says – Regulation Bitcoin News

by admin
August 13, 2022
0

The central financial institution of the Philippines, Bangko Sentral ng Pilipinas, has introduced that it’ll cease accepting crypto license functions...

Coordination between utilities and crypto miners — when does it make sense?

Coordination between utilities and crypto miners — when does it make sense?

by admin
August 11, 2022
0

The following is a contributed article by Steve Wright, former CEO, Bonneville Power Administration and Chelan County PUD, and Hassan...

How Tornado Cash Sanctions Impact Bitcoin – Bitcoin Magazine

How Tornado Cash Sanctions Impact Bitcoin – Bitcoin Magazine

by admin
August 11, 2022
0

This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are...

Trend Innovations Holding Inc. on the Relevance of the Collection of Relevant News Sources in the Field of Cryptocurrency in the Application Thy News

Trend Innovations Holding Inc. on the Relevance of the Collection of Relevant News Sources in the Field of Cryptocurrency in the Application Thy News

by admin
August 10, 2022
0

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. VILNIUS, LITHUANIA / ACCESSWIRE / August 10,...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Identifying what’s really in store for Bitcoin miners right now

Identifying what’s really in store for Bitcoin miners right now

August 13, 2022

Why is the Reserve Bank of Australia exploring digital currency options? | Australian economy

August 13, 2022
Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

Michael Saylor Anticipates More Institutional Adoption after BlackRock’s Private Spot Bitcoin Trust Launch

August 13, 2022
CFTC charges Ohio Man for running a $12M BTC Ponzi scheme

CFTC charges Ohio Man for running a $12M BTC Ponzi scheme

August 13, 2022

Latest News

Identifying what’s really in store for Bitcoin miners right now

Identifying what’s really in store for Bitcoin miners right now

August 13, 2022

Why is the Reserve Bank of Australia exploring digital currency options? | Australian economy

August 13, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global