I think a lot of the sell pressure at the moment is due to impatience. People see other coins moving and dump because they want a piece of the action. If you make BTC on other coins, that's fine and well, but the majority of people lose. The altcoin market is worse than penny stocks.
Not off topic at all...
I'm glad to see the impatience. More DRKs for me. I don't even want a Model S and these fools are buying me one...
A model S would be a waste of money atm wouldn't it? Personally I think I'm gonna wait a few years to see if they can make the design better and get the price down. I think at the moment you're gonna be paying a lot for a little, it's a huge hassle to charge. Cool tech, just not really there yet.
Life is only so long... I've been extorted by oil companies long enough. It's worth the monetary loss to take back my humanity.
I'm waiting for my holding to have an inflatable bullshit guvpaper conversion ration high enough for the Tesla to be a pre-determined fraction of that faux-value. I won't be cashing out anywhere near the whole amount to get it.
Sure, I might look back in a few years and say "Damn, I paid about 3mil for this car, lols! Would have a ton more money if I hodled."
1) The future is no place for your better days. They seem to never get here when you think like that.
2) I'd only be paying more taxes. I hate giving aid and comfort to the enemy.
3) I don't have a use or desire for obscene amounts of money. See #2.
When you realize that my initial investment is around $20, it's still a $20 Tesla Model S... Tell me that's a bad deal. Go ahead...
I much prefer the target of the Model E. Since the Initial production Model S sells second-hand for it's original sticker price, I can go in for it now and trade it for two Model Es in a few years. No son of mine is going to have oil companies mooching off of him! If you saw the video I posted a few pages back, you'll realize I'm not exactly a luxury car kind of guy, and I don't live in the urban environment the car is marketed towards... I could build my own Electric Truck/convert to EV for a lot less money. But, no SuperChargers... While I find everything about building my own to be better than buying a Tesla, I'd have to sit around charging for days... Tesla's supercharger is under an hour and they're everywhere, so it's a road-trip electric car. I can't do that on my own. Even if DRK goes to $10,000 I can't install a supercahrger network across the planet...
I understand that industry just was well as I understand crypto, and I went all-in on DRK in early march for a reason... I'm not exactly an Elon Musk fanboy, but facts are facts.
Tesla is to Cars as DRK is to Crypto. Those who doubt are simply uneducated.