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Topic: Are some too blind to see? - page 5. (Read 1105 times)

sr. member
Activity: 882
Merit: 403
April 29, 2021, 10:43:10 AM
#68
Believe me, a lot are bothered but never bothered to say things as you since they know well enough it'll make them look dumb. This is the cryptocurrency industry, whatever you do with your coins or profits, no one can stop you. The guy clearly wanted to take profits to make sure and so he did. There is a reason why he became as successful as he is now. And so instead of whining, I believe people should learn more about this experience and be mindful of things so they can ride the tides better alongside whales and not drown.
full member
Activity: 658
Merit: 103
April 29, 2021, 08:40:43 AM
#67
Not all have the extra resources to invest in and hold for years. They would rather buy foods first and prioritize their needs rather than go to investing. Some dont even know Bitcoin. Many external reasons are also present so don't judge those who have no interest and don't call them stupid. You're just lucky you have food in your table, clothes to wear with shoes to wear. Others dont have that.
legendary
Activity: 3248
Merit: 1402
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April 29, 2021, 08:31:56 AM
#66
It's their right to sell whenever they see fit, and it doesn't even seem to affect the price much, so why be concerned about that? I do think that Musk is more of a believer in Bitcoin than he used to be, so they're probably hodling some coins long-term. What's also good is Tesla accepting Bitcoin as payment for their cars. I guess they're just taking the most out of Bitcoin, using it for trading, as a long-term investment as promoting it as a form of payment. I'm honestly fine with that being the case.
hero member
Activity: 2114
Merit: 603
April 29, 2021, 06:35:43 AM
#65
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Well why are we arguing on this? They are here to take the profits and we are also here to take the profits. I don't blame the Tesla strartegy at all. I mean if I had such product and money in wallet then yeah why not I would have gone crazy for my profits.
Lets not forget that we are actually getting some portion of this all the time when the market moves up and down everyday. This basically happens when rich people are making some moves.
We can always benefit from them so why should we be bothered. Just imagine if they decided to take out all of their money then we would not even exist to trade.

Lolz.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
April 29, 2021, 06:09:28 AM
#64
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
Just take profit and don't be greedy. All of us are also taking profit depends on how much we bet on trading and this is because of them who continuously helping or shilling cryptocurrency in the whole world. That's also the reason why some countries are now legalizing the use of cryptocurrency because of how those huge companies adopt bitcoin. Yes, they're profiting from bitcoin's rise, but we can't deny that they're also the reason it's growing and still breaking the all-time high. Go with the tide, and if you think they're going to dump, sell and buy the dip again; that's how the market works, and whales will still exist.

Some of us are already hodling altcoins, and the collapse of bitcoin may have an impact on the altcoin, making it bearish, as everyone has seen lately. The cryptocurrency craze continues thanks to those who choose to support it.

Also, keep in mind that only 10% of Tesla's bitcoin has been solved to demonstrate bitcoin's liquidity, which may attract many more buyers. Smiley
We aren't blind, we're doing research. Always DYOR in trading mates, don't blame the huge investors when some dumps are happening.
member
Activity: 868
Merit: 63
April 29, 2021, 05:28:02 AM
#63
What's supposed to be the reaction of the people in the crypto space should be regarding Tesla selling some of their bitcoin to prove liquidity and get this, the people doesn't have a contribution to the bitcoin bought by Tesla so what are we supposed to react, should the people go apeshit that Tesla spent their own bitcoin?
full member
Activity: 882
Merit: 104
April 29, 2021, 03:57:10 AM
#62
Someday other cpmpanies like tesla will invest in crypto and we cant stop the adoption of cryptocurrency to other businesses special now that we are pandemic situation that all payments are on online. It will big benefit to them and also to us .I think you pointed is they are billioner and still they got rich because of crypto..
sr. member
Activity: 1694
Merit: 299
April 29, 2021, 02:24:34 AM
#61
Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.
Whales like Tesla would naturally seek personal gain. and I think this is a clever step, where in just a moment Tesla can reap fantastic profits, and I think that's what we should imitate. I think this is a good step for cryptocurrency, where companies have started using it so that in the future it can grow
In my opinion it is already into growing because of those big companies. What we need at this moment is, making sure we are investing in bitcoin and any other known coins so that even big companies are pulling off their share, market will not be affected that much or even if it get affected, there are a lot of possibilities for recovery which is not the case for a random coins.

So, we need to stick within reputed coins and we should not go for a random coins because of those companies are entering.
sr. member
Activity: 1344
Merit: 253
April 29, 2021, 01:53:08 AM
#60
Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.
Whales like Tesla would naturally seek personal gain. and I think this is a clever step, where in just a moment Tesla can reap fantastic profits, and I think that's what we should imitate. I think this is a good step for cryptocurrency, where companies have started using it so that in the future it can grow
member
Activity: 301
Merit: 13
$CYBERCASH METAVERSE
April 29, 2021, 01:34:58 AM
#59
We are  all here to make profits and gains, even the big boss like Elon musk and others don't just invest in crypto for nothing sake, they want to double their investment too so don't bother warning people to take profits or not, once bear market starts and many funds are stuck people thinking will change once again, everyone understands the risk of investing in crypto and that's why they are doing it anyways, the higher the risk the higher the reward they say.
full member
Activity: 1022
Merit: 133
April 28, 2021, 11:22:17 PM
#58
Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.
full member
Activity: 1512
Merit: 115
April 28, 2021, 11:03:04 PM
#57
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Eben though tesla bought a lot of Bitcoin's, it's just a small size compared to the overall market. We saw in the last few days that the bitcoin price dropped a lot,just to rebound again. Should we all be selling our coins just because Elon Musk is doing it? I don't think so. Let him take his profit and leave the market, we are here for the long haul.
True, people are making it a bigger deal than it actually is, see the market didn't even shake when they dumping hundred millions of dollar before they disclosing it to the public. Now that everyone knows, people becomes panicky afraid that tesla might have betrayed their expectation meanwhile taking profit is what exactly they gonna do  Grin
In crypto market, market activity such as making buy order or sell order are weaker than influence of external factors like these. People should learn to chill and not too influenced by big investors' decision.
Rightly said and until we understand that every one that came to invest in Bitcoin came for the profits and is expected at some point in the market that they will take their profit and even if they did take their profit it is OK, some investors will continue to panic and crash the market with dumps even more than the Institution that took profit.
hero member
Activity: 2366
Merit: 504
April 28, 2021, 10:34:59 PM
#56
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Eben though tesla bought a lot of Bitcoin's, it's just a small size compared to the overall market. We saw in the last few days that the bitcoin price dropped a lot,just to rebound again. Should we all be selling our coins just because Elon Musk is doing it? I don't think so. Let him take his profit and leave the market, we are here for the long haul.
True, people are making it a bigger deal than it actually is, see the market didn't even shake when they dumping hundred millions of dollar before they disclosing it to the public. Now that everyone knows, people becomes panicky afraid that tesla might have betrayed their expectation meanwhile taking profit is what exactly they gonna do  Grin
In crypto market, market activity such as making buy order or sell order are weaker than influence of external factors like these. People should learn to chill and not too influenced by big investors' decision.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
April 28, 2021, 10:29:33 PM
#55
Just as Tesla did and let be honest, in their own shoes we would do the same. Unless you don't want that your company makes money.
This said, companies shouldn't be blamed because they're 'full of money and own thousands and thousands of BTC. I believe it's called the "success".
If we are not rich like them, blame ourselves

We cannot fully use our own opinion about the price of bitcoin and altcoin because we also have to follow what the biggest investors like Tesla are doing. if we follow what the richest investors do, we will definitely get the same benefits as them, therefore we have a lot to learn from experienced investors.
Sadly that's not true at all, the time you realize that it's the big investors that made the move in the market you're already too late, it's like when they are dumping and you try to follow them but the market is all already in red, meanwhile when they try to make an entry to the market and decides to buy the price is already too high due to their pump not to mention the capital difference with becomes a factor whether you gonna make profit or not.
Just try to follow the whales movement, you just gonna lose all your money, there's reason why they sometimes manipulate people into panic selling as well after they dumping their coin, it's because they want to buy back at lower price.
legendary
Activity: 2576
Merit: 1043
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April 28, 2021, 10:16:25 PM
#54
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
I'm thinking that we are thinking the same way now regarding this companies Cheesy. Now Tesla is the first one to did it.

Well you said it already that billionaires and huge establishments are just here for the sake of money because after all, cryptocurrency is still a speculative asset. They see crypto as a good way to make money so what did they do? Hyped the whole market, bought some Bitcoins and waiting for the time that they will sell it into our face. When this happen, social media platforms especially reddit will be flooded with some sad posts regarding them losing their money because of these companies.

After all, they still have the choice to sell it whenever they want too. Do we need to blame them?? I don't think so because there is nothing to blame here but yourself. Those "blind" or for me I call them "ignorant" investors will always be there and they are the ones who will lose money the most.
full member
Activity: 812
Merit: 100
www.cd3d.app
April 28, 2021, 09:50:35 PM
#53
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this.
what Tesla did was right, like a business, the main thing is to make a profit. and buy at a low price selling it at a high price is still the principle in trading. they make big profits selling bitcoin and they can hedge funds to other businesses
legendary
Activity: 3696
Merit: 2219
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April 28, 2021, 08:00:31 PM
#52
Are you sure there are actually profits in Tesla's bottom line?  Or, is it just that the price of bitcoin has risen and (on paper) the market capitalisation of those coins makes it appear as though Tesla is doing fine?  If I had funds to invest in bricks and mortar stocks, I *might* invest in Tesla, but it wouldn't be the only stock I invest in.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
April 28, 2021, 07:29:28 PM
#51
Tesla takes profit from crypto investment and some stupid people aren't even bothered,

Are you angry that they sold before you?
Are you angry that they didn't keep their bitcoins till it reached 100k and you could have made twice the profits in half the waiting time?

Probably you haven't learned something about Bitcoin that you should have, it gives you freedom, freedom of doing whatever you want with it as those are your bitcoins, your keys, your decision. A permissionless blockchain, you know what that means? That there is no bouncer at the door to tell you you're not allowed to do that and this.

The more I see people getting triggered by what others do with their coins the more I'm getting the feeling a lot of users have misunderstood what freedom means and they are trying to impose their own views on that, where everybody is allowed to do only what they think is right. Fortunately, it doesn't work that way. Don't delude yourself you're holding for a greater good, nobody buys this anymore.

Nope, they're here to make profits, not for charity.

I've always found explaining to some people what's the difference between running a company and investing the extra money from your paycheck in crypto or stocks or whatever one of the most tiresome tasks ever. And this seems to be one for the wrong place on doing so..

We cannot fully use our own opinion about the price of bitcoin and altcoin because we also have to follow what the biggest investors like Tesla are doing. if we follow what the richest investors do, we will definitely get the same benefits as them, therefore we have a lot to learn from experienced investors.

Then sell, what are you waiting for?  Grin Do as Tesla did!
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
April 28, 2021, 06:52:10 PM
#50
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this.
hero member
Activity: 1274
Merit: 622
April 28, 2021, 06:36:34 PM
#49
Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.
I understand that he meant that purpose of bitcoin is not making money but ensuring freedom through decentralization but rich and large companies are misusing bitcoin for some other benefits. But no one could do anything about that. When some people are deviating the concept of bitcoin for some other benefits, it is still decentralization based system and no one could do anything about that.

Probably in near future, there could be some changes to be implemented by bitcoin foundation if they see that current scenario is not good for future of bitcoin ecosystem. But we need to agree that bitcoin was created for micro-payments but as it is designed by keeping gold in mind, it is turned as digital asset.
Only it's not just large companies and rich people, that use Bitcoin for profit, wouldn't you agree? No one can avoid the temptation for making some good money on crypto, I'm sure that 90% of this forum members use crypto for their benefits as well, and there's nothing bad about it, though it slightly differs from what Bitcoin was meant for. However, it's not fair of us to blame large investors for the same thing, why should they give up on making money for the sake of ideology, when no one else does so?
Also, even though a sell-out may affect the price negatively, the very fact that world-renowned companies acknowledge Bitcoin has a positive overall impact. So I figure it's better they but and sell for the sake of profit rather than stay out of the crypto world.
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