Bitcoin and other cryptocurrencies faced a major downfall on May 19 and. Bitcoin just went through potentially one of its worst days since March 2020.
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As Bitcoin tumbled to a fresh low Tesla CEO Elon Musk got battered by his Twitter followers and he fired right back with an emoji message.
Elon musk bitcoin diamond. But just as quickly as it fell BTCs price bounces back from a major psychological mark at 30000. Diamond Hands is a symbol that is used on Reddit to signal an intention of holding on to a stock. Tesla has diamond hands signaling someone or something that remains a holder of a risky financial position according to several sources on financial slang.
Paper Hands is the opposite of Diamond Hands and refers to a person who sells their crypto under pressure when the price falls implying. The tweet referenced a meme and indicates Tesla is holding on to its cache of bitcoin. Elon Musk the CEO of Tesla has tweeted that the car company will not be selling any of its cryptocurrency despite the market currently crashing.
A week ago Musk released a statement declaring Tesla will no longer accept BTC for purchases until the top crypto is more energy efficient. Musks tweet could be interpreted as the companys commitment to hold on to their Bitcoin position that the company took earlier this year with an investment of 15 billion. This is a calculation from Daniel Ives an analyst from Wdbush Securities submitted to the companys clients.
Elon Musk saying Tesla has diamond hands implies that the auto company would not be parting with its 15 billion stake in bitcoin. The mercurial billionaire tweeted via emojis that the e-car manufacturer has diamond hands The top cryptocurrency instantly rallied over six percent on the Musk tweet. As Bitcoin tumbled to a fresh low Tesla CEO Elon Musk got battered by his Twitter followers and he fired right back with an emoji message.
Elon Musks electric car manufacturer Tesla Inc is predicted to have scored US1 billion or equivalent to Rp 14 trillion of investment in Bitcoin in almost 2 months of investment. In a tweet Wednesday Musk posted a diamond and praise hand emoji a reference to the term diamond hands used by WallStreetBets traders to indicate that Tesla is holding on to its bitcoin. Bitcoin hit the 37000 level down from its record 64000.
Elon Musk Tweets That Tesla Has Diamond Hands Cushioning Bitcoin Slide Elon Musk again came to the crypto markets rescue after suggesting that Tesla will not sell its Bitcoin holdings despite a more than 30 crash. Diamond Hands is a popular meme by the WallStreetBets Reddit forum in. Elon Musks electric car manufacturer Tesla Inc is predicted to have scored US1 billion or equivalent to Rp 14 trillion of investment in Bitcoin in almost 2 months of investment.
Elon Musks Tweet about Tesla having Diamond Hand was a message that meant Tesla is going to continue to HODL on to their Bitcoin instead of selling when the price falls like some average paper hands. The news comes as bitcoin Ethereum Dogecoin. Elon Musks crypto escapades continue with the tech entrepreneur now suggesting Tesla has no plans to sell its Bitcoin.
According to Daniel Ives Tesla is even on track to. Diamond hands is a reference to traders who believe in the eventual profitability of their stocks and securities and keep holding them while their value drops Bitcoin ethereum and other. Bitcoin Bounces From 30000 Low as Elon Musk Tweets Diamond Hands Tesla has diamond hands Elon Musk tweets Wednesday adding support for Bitcoin prices after a plummet below 30000.
It might seem strange for Elon Musk to have stated Tesla has diamond hands without context but the message was in relation to recent events within the cryptocurrency market. This is a calculation from Daniel Ives an analyst from Wdbush Securities s. Musk in his latest tweet said Tesla has diamond hands which means that the company will not be selling its 15 billion stakes in bitcoin.
With a 50 correction in the weekly chart the price has retraced to levels last seen in January 2021. Elon Musk Tweets Diamond Hands on Behalf of Tesla after Bitcoin Price Crash. Elon Musk Says Tesla Has Diamond Hands As Price Recovers.
Heres what actually happened why Tesla has diamond hands and why Elon Musk felt the need to relay the message to the Twitterverse. The move raised questions on whether Tesla is selling its massive Bitcoin holdings which were worth 15 billion when the company. Tesla CEO Elon Musk has taken to Twitter again to assuage the concerns of those who thought that Tesla was readying to get out of Bitcoin.
Elon Musk tweets about diamond. Elon Musk tweeted Tesla has diamond hands on Wednesday as cryptocurrencies crashed. Elon Musk just tried to tank Bitcoin Portnoy said in a video per the New York Post.
Yeah the same Elon Musk who had Bitcoin on Teslas. Tesla founder Elon Musk tweeted today that Tesla has diamond hands by using the emoji for diamond and hands amid a meltdown in the global cryptocurrency market.
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