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Rollo, I replied in the board roll like an idiot. -- (link)

Posted by David (aka David) Jul 21 '22, 09:53

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https://www.slackertalk.com/?post_id=5402818&board_id=34546&username=David (www.slackertalk.com)

The most pressing factors on Bitcoin were Eastern Europe, Blackrock/Citadel, and the overall economy. Musk being duplicitous is just being on brand.

David (aka David) Jul 21 '22, 09:51

Selling $900 million in Bitcoin would be about 2-5% of daily volume, depending on when they did it. If they did it gradually, the price pressure wouldn't have been much. There were reports within the crypto community yesterday that someone sold more than $1 billion in a day. Total volume was $43 billion. So, the timing of the Tesla headlines is challenging to track since one of the biggest whales also dumped a massive position yesterday. Bitcoin did drop $1,500 in 36 hours largely due to those factors. I'm genuinely curious how Musk will run this scam again. He's basically BUY PINK2-ing the entire crypto market.

In response to rollo: "I think you make a great point - those familiar with the rules for public companies wouldn't see it as clickbait, but not everyone has familiarity"

Responses:

When I checked earlier today, it was still 2K higher than it was three weeks ago, so ... no big deal -- nm - Beryllium Jul 21, 09:54 1
- I mean, that's not really how economies work. Netflix's stock is a factor of 20 more than it was in 2012. But it's worse than 2021. - David Jul 21, 09:57

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Rollo, I replied in the board roll like an idiot. -- (link)

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