Are some too blind to see? - page 6.

Fredomago

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Quote from: longyenthanh on April 28, 2021, 02:51:38 PM

Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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.

Just the same goal with us, those billionaires are here to take profits, they won't start investing if they didn't see the potential of this industry.

Same with your understanding, if those rich people are capable in cashingout profits, same with normal people they are also capable if they'll also take it seriously the same way rich people take this opportunities.

Everything depends from how you conceptualized and take things according to your better understanding.

doomloop

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Quote from: longyenthanh on April 28, 2021, 02:51:38 PM

Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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.

longyenthanh

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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.

SquallLeonhart

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Quote from: Kakmakr on April 28, 2021, 10:22:16 AM

Do you really think any company are going to invest in Crypto currencies for the "utility" or for "charity"? These companies can obviously see profit potential in Crypto currencies and they will chase those profits.

Elon Musk also said, "I did not sell any of my bitcoins" ...Why did he tweet that?... because he knows something is going to happen in the future with his companies or other companies and it is obviously going to be done with bitcoins. (He will sell, when the Moon happens) Roll Eyes

I do agree that they are only doing it for the money. They do not care about the tech, they do not care about the community, they do not care about the fiat world not being fair, I mean they do not care about anything at all except the profit that it makes, that is the important part. I mean as long as they make even few million dollars from their billions of dollars, they will keep investing into it.

The good part is, at least for us the good part, they will keep investing when they see the price lower, and that means a lot, it means that they are interested in crypto and that means they will keep investing into it as well and the lower the price goes the more they buy and that prevents the price to go down too much. Look at all the falls we had in the past one year and you will see that whenever it goes down, they end up buying more and prevent it going down too much.

Bitstar_coin

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

You already said it, they invested to make profit then why should anyone be bothered for that reason, isn't it their investment! They have right to take profit just like retailers and traders do,
When they invested everyone was happy because that period btc price went up, if they decide to take small profit from the investment I don't think that's such a bad thing, they support btc and accept btc for payment is also important.

Findingnemo

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

Yes everyone is investing their money to make profits no matter who is that person so why someone should think that they are helping them too, it happens sometimes if you follow their strategies but build your own strategies to make your money instead of following others.

sapnu

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These huge businesses that are entering bitcoin are not after charity or other things that may benefit others, they are here for the profits no matter how wealthy they are right now. It's more of reserving for the stock market that they may use for future references. Tesla's sales are being converted into fiat soon after but the rest for sure are being held. They can be considered as whales already and most of their actions can either beneficial or detrimental for the market. Just like how a normal investor would do, billionaires would also do so just to make sure money will never stop coming into their pockets. Money is everything in the world right now so at some point, we'll find their actions justifiable.

oHnK

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Quote from: LeGaulois on April 27, 2021, 04:18:03 PM

Quote from: Bravehash on April 27, 2021, 01:45:12 PM

Whatever if it's Tesla or Microstrategy, do you really believe them when they brag on Twitter saying "we're here for a long time! HODL!"?
Nope, they're here to make profits, not for charity. They will take any opportunity to make money, no matter how the market is going. They will keep buying and selling later.
(I read that the Tesla company sold 10% of its bitcoin portfolio)

Just as the majority of people in the crypto sphere: only interested in speculating on Bitcoin and a big bag of shitcoins, but have zero real use.
A lot of them don't even have their own wallet, they keep storing their coins in exchange platforms and use it as their first and unique wallet.

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

Unfortunately, many new traders think they are here to continue to hold onto BTC. Even though clearly, the crypto market is a very liquid hangs market with very high volatility. They understand very well that this is not a long-term type of market like gold and stocks. They are here to create trends and issues so that prices go up crazy since their arrival and then they sell their top assets. This is a very common strategy but it is considered charity.

NelfiNovita

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Quote from: LeGaulois on April 27, 2021, 04:18:03 PM

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.

Kakmakr

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

Do you really think any company are going to invest in Crypto currencies for the "utility" or for "charity"? These companies can obviously see profit potential in Crypto currencies and they will chase those profits.

Elon Musk also said, "I did not sell any of my bitcoins" ...Why did he tweet that?... because he knows something is going to happen in the future with his companies or other companies and it is obviously going to be done with bitcoins. (He will sell, when the Moon happens) Roll Eyes

Snappycoco

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You cant blame those who have a soft handed mentalities. These people are afraid to lose money in any case necessary. I believe what they also have is just an exact amount to live their daily lives unlike these billionaires who could lose something and not care much about it. Put up their shoes and you'll see.

ninkdwi

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Quote from: slapper on April 27, 2021, 06:17:19 PM

People have their own perspective and even if a billionaire decides to sell his bitcoin, there is no reason for us to do the same thing. Of course, billionaires also need to profit to maintain their enterprise but in a long run, bitcoin always increases the price. It is up to an individual whether he wants to hold bitcoin for a long term or sell it for a short run profit

You are right, the point is that according to our individual needs we cannot manage, they have the right to sell or hold. while it does not disturb the order of the holders and does not spread excessive FOMO. sometimes many people spread FOMO and tweet immediately sell your Bitcoin. whereas they themselves hold it back and profit from the sales of other people tempted by FOMO. as if spreading panic.
so please, do it according to their interests and needs. while not harming many parties.

Mauser

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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.

Sterbens

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Quote from: LeGaulois on April 27, 2021, 04:18:03 PM

Whatever if it's Tesla or Microstrategy, do you really believe them when they brag on Twitter saying "we're here for a long time! HODL!"?
Nope, they're here to make profits, not for charity. They will take any opportunity to make money, no matter how the market is going. They will keep buying and selling later.
(I read that the Tesla company sold 10% of its bitcoin portfolio)

I like your mind, it's looking at the business angle, and it's all about profit nothing more than that. They use the bitcoin condition without being part of those fighting for Bitcoin rights. Actually there are no friends in business. Like Tesla and some big companies. What they wanted to gain was the profit from what they held and exchanged for Fiat. It's just a bus stop, waiting and going, coming back cheap then going again. As long as they take advantage of this condition, there is only one answer, which depends on the profit offered..

darewaller

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins

Yeah, they are not doing for the benefits of crytpo space nor for this community but for their own. No one will care others when it comes finance. So, being careful is most important thing and also how effectively we are going to make use of their hype will be the key here.

We could not expect them to become long-term holders or as we cannot prohibit them from participating in this crypto space; I mean nothing is out of our control but expecting them to sell off at any time and planning our investment according to that will definitely help us without getting trapped by their plans.

fiulpro

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

Are we forgetting how Elon Musk Manipulated the crowd through twitter??
Let's be clear about one thing.
Most people are here for the profits.
Not just tesla but normal people on the forum also. It's actually why anyone tries anything these days, at the same time it's not wrong As Long as they take care of the community as a whole. For me what taking care of the community is :
1. Educating more people about it
2. Not making the dump worse
Now who can indeed make the dump worse ?
-Whales
If there is a dump of even 1-2% what whales might do is mass dump everything to actually save their savings and at the end of the day what they are doing is pushing other holders and people down the drain.
Now what they can do is :
Keep holding which can maintain the price, it would be stable for most of the part and at the end of the day if they do want to sell they should do in parts. Having this much share of the market is a big responsibility.
End of the story : there is nothing that we can do about these whales and big companies.

pinggoki

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

Yes, the best example of this is Elon Musk and his company Tesla in which they are putting their money into crypto investments to become more billionaires. All of the hype and trolling that Elon Musk is doing is just a show in order to make a gype on Twitter especially in the market. Maybe people are brightly seeing this kind of actions but yet they are unaware of this kind of actions made by famous people and big investors like Elon Musk.

davis196

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

What exactly do you want to say with your post?
People are investing into cryptocurrencies to make profits.Is this wrong?Do they have to buy crypto coins for another reason?The investors aren't buying coins for charity.They aren't buying coins,because they like blockchain technology or cryptography.They buy,because they want profits.
Anyone has the right to chill and hype any coin or stock he/she wants to hype.Everybody has a personal opinion.Everyone chooses to trust or distrust the opinions of other people.
Why should people be bothered of Tesla making profits from crypto trading?Is this wrong or illegal?

paxmao

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Quote from: LeGaulois on April 27, 2021, 04:18:03 PM

Quote from: Bravehash on April 27, 2021, 01:45:12 PM

Whatever if it's Tesla or Microstrategy, do you really believe them when they brag on Twitter saying "we're here for a long time! HODL!"?
Nope, they're here to make profits, not for charity. They will take any opportunity to make money, no matter how the market is going. They will keep buying and selling later.
(I read that the Tesla company sold 10% of its bitcoin portfolio)

...

I think they are taking a quite naïve approach to bitcoin and crypto. We all know that it is not too difficult to speculate with bitcoin and that you can potentially play the pump and dump, however that approach is far from being the best in bitcoin history. Those who hodl have had a bumpy ride, yet they have profited greatly basically doing nothing except waiting.

I think that contrary to all intuition, the right way of doing things in bitcoin is to expect to profit without doing anything. Just buy some, live your life as usual and that is pretty much it.

goldade

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Quote from: Bravehash on April 27, 2021, 01:45:12 PM

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

There is a particular thing you should know. Many of those (in fact more than 70%) who got into bitcoin and cryptocurrencies at large did so in the bid to make profits. So I find it not surprising that even Tesla made that much profits just from crypto.
It is, however, possible that the sale of crypto isn't just from bitcoin alone. There might have been some other crypto in their portfolio.
In addition, it is noteworthy to know that Elon Musk shouldn't be confused with Tesla even though he owns it.

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