Topic: Are some too blind to see? - page 7. (Read 1105 times)

I do see it like kind of "prepared" balance sheet to satisfy tesla investors. They need to "escape" from the investors' negative sentiment for their involvement in cryptocurrencies as investments in cryptocurrencies is Elon Musk's personal fantasy and got nothing to be part of an automobile company. So, when they say they are in profits due to that $1.5 Billion crypto investments then no more questions will be raised.

I agree these profits may be from dogecoin manipulation or from bitcoin investments still it is from crypto space and this does not mean that Tesla or Elon Musk will no more involve into crypto space. They may continue as usual but here after Tesla share holders may not blame like before.

I mean, what do you expect? they're putting their money to crypto for some reasons and charity is definitely not one of the reason. I'm more surprised of why people so shocked by the fact that tesla is cashing out their money when they see they could get the profit. The other instutional investors also definitely gonna eventually take profit and it's just matter of time but if they are holding long term by then the market gonna be strong enough to not massively affected by the institutional investors dumping. The most important thing is that the market could sustain the sell off and it seems to be recovering though slowly.

And what's your advice here? To be honest, I don't understand the point of your thread, and I don't see any advice here...
People are free to do whatever they want with their coins... we are free to do what we want with our coins! Musk is just rich and popular, so his moves are followed and discussed, when he makes a profit it's usually big, but he risks more money at the same time!

Basically, you call me stupid because I am not bothered with rich people taking profit from crypto? Well, I am not! I don't care about them, what they do is good marketing for crypto, and that's the only important thing in my opinion! If you think these rich people can move the market with their actions you can follow them... at least they tweet about their buying and selling, so you can buy and sell when they do that, and you will make a profit! Probably a lot less, you will risk less money and you will make less profit!

And in the end, why would anyone hold their coins forever?! Do you plan to take them on "another world"?! You make money to spend money and enjoy life, to buy yourself comfort, to invest further in the things you like more, or mean more to you... coins or fiat, gold or tomato, you cash out what you have (if you have) when you need it, for whatever, it's on you!

I don't see you minding your own business mate, isn't that why you replied to my post? The reason why I believe this is a good advice is because many newbies have the thought that people like Elon musk will forever be holding their coins even when price is surging, I'm only advising then to take some profits at least..

Taking profit in what way? From Crypto to fiat?
Well, I think the profit taking should be done in  a way that does not cause panic to people. This is one of reasons I believe it important that Bitcoin is used more within the Bitcoin economy (mostly decentralized economy) and only sell for fiat occasionally  especially when you need some money for other important things you can't get on the Bitcoin economy.
  If you can't afford to have much of your fund in Bitcoin then don't invest too much. Better to Invest some of the little cash you have lying around on Bitcoin once in a while rather than spending them on things that are bad for you or things you don't need. Investing amount you can afford to risk would help you stay calm during high volatility or turbulence.

I dont understand if there are still people that dont think that, People or institutions make investment for profits. I understand how some most claim they feel about the technology but I have always believed that every one gets into investing, be it in Cryptocurrency or what ever because they want to make profit so it is not surprising if they take some profits. 

What a crock of shit. And why are you in bitcoin? If you have any. For a charitable cause? What has made Bitcoin successful is the profitability and that is why so many people invest in it. Then we can talk about the alternative to the current monetary system, etc., but if it were not for how profitable it has been, it would no longer exist today. It would be a failed project.

So what are you suggesting? Yeah Big investors are here to profit What about you? what are you doing here?

Don't be stupid enough and Accept the fact that we are all here to Make money , from smallest investors to the Biggest.

So don't feel Loser when they Bag money and you don't because this is a Trading community and all are wanting to make money.

Of course there are so many blind people and of course the rich are profiting off these opportunities. It's literally multiplying your wealth by mentioning one word in a tweet. One must be silly not to do it when they know it works.

But this thing is itself a mega opportunity for you. If you see there are so many blind people, take some action before they wake back up to reality. While they're taking care of their shitcoins, you go and invest in real coins instead. Be a few staps ahead of everyone else.

Is there something wrong with Kool-Aid?  I like their mascot Kool-Aid man. Distancing is one way to address problem with OP but the better alternative in my opinion is to understand the argument and try to put your argument against them to have a healthy discussion and hopefully have OP change his/her perspective on the subject or at the least acknowledge it.

They are in it for the profit, this becomes common sense - but as we know common sense is not that common.

I expect the same with dogecoin too, the amount of hype surrounding dogecoin, youtubers talking about it, specially Musk sponsored channels talking about it, I decided it was time to sell and book a profit from Doge and I am happy to do that.

Bad thing is that if some big investor makes it public that they sold, they are actually expecting a response on the market too. Usually these buy/sells are done clandestinely without telling the public. Hence probably they are expecting a dump to happen in the market later today. Good chance to buy for those who are crying about missing out.

If you also want to make a profit, you have to enter the cycle at the correct time and exit at the correct time.

And what is your issue with this?

Everybody can get into Bitcoin for whatever reason they want. Bitcoin is no religion with strict dogma and rules. If you want to convert your Bitcoin to fiat because it has already grown much in fiat value, then go ahead with it and feel very smart for doing so.

I, too, have gone through the same strategy. I was as smart as the billionaires you said to have invested in crypto and took profit. I, too, sold a good portion of my Bitcoin funds when Bitcoin price rose to $8,000, to $10,000, and then to $11,000, and so on. Look where I am now! I miss them and I now want to buy them back and keep it longer but I can only wish I have enough money to do so because they're all getting unaffordable.

The reasonable people here need to keep a healthy distance from people like OP who chug the Koolaid and work themselves into a lather about anyone who doesn't think in the same unreasonable terms as them. Bitcoin would probably have a better reputation and wider adoption if so many people advocating for it didn't act like they were in a cult.

Isn't some users here are the same? They have profited out of bitcoin too so what is the difference of Tesla and the other retail investors? We are not blind, it's just that we see that taking  profits is a normal thing for any investing, you need to grow up and accept that this is the reality, if we were blind though, could you do anything to stop Tesla from profiting out bitcoin?

Correct, Tesla sold a total of $274M of crypto. However, if you thought a company with as many capital needs as Tesla was going to just sit on bitcoin forever, then that's kind of on you for having unreasonable expectations.  Overall, this amounted to less than 10% of Tesla's bitcoin being sold. 

Why should we bothered?

That's common and they're not the only one that's free to take profits even a small holder like me can do it at any preferred time that I want.

Just take a look from 2018 up to this date for the price of bitcoin, isn't that a price that we should be grateful to see even if there are whales cashing out?

People in crypto space is smarter than what you think.
Don't you think people doesn't see it?
Man, this ain't charity as everybody says. The moment they buy Bitcoin or any other alts in the crypto market, without even saying a single word, It's very obvious they are here for the profit. I mean who doesn't?
The only difference a multi billionaire investors against the medium investors, is the amount of profit that has been gained depends on the capital. And, of course it's very obvious who's going to win.

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

They have tons of money to spend to crypto, and they will happily take any profit-making opportunity they can get their hands on and that's how most businessmen's minds work. In the case of Tesla, they have a powerful head figure in Elon Musk which can literally influence market movements very easily. They can capitalize on that fact, also on their balance sheets in order to purchase crypto and sell it in the shadows if they wanted to. Not every one of us have the money to begin with to take a risk on crypto, but these guys can do it any day of the week.

Thats nornal they are not doing a charitable adoption they are here to gain profits, this is similar to us if we think the profits is good then we will decide to sell it. And don't make it as an issue since it just tesla is big company thats why its been on the spotlight recently. If people afraid about this kind of scenario better they shouldn't listen what fud they are spreading and always stick to your plan on trading to gain.