What if they have the same investors? Lol. I think this is way better for a gambling discussion instead of just a standard thread. It’s going to be more entertaining when it comes to the point where one stock or one as it will dump. I think the disadvantage when it comes to dumping Is bitcoin because they’re a lot of holders of bitcoin and compared to the Tesla stock. They have the majority of stakeholders on it and probably not going to sell out anything soon, But with bitcoin, you will never know who or when they will sell out some of their stacks.
Similar
investors or pumpers hehe? All different markets behave similar when the bubble stage is beginning. It will pump very fast then also dump very fast.
In any case, this news article. Will his gamble be right this time?
Michael Burry, the investor whose billion-dollar bet against the US housing market was immortalized in Michael Lewis' book "The Big Short," predicted that Tesla stock would suffer a similar downfall.
"Well, my last Big Short got bigger and bigger and BIGGER too," Burry tweeted on Thursday.
Tesla's stock price jumped 8% that day alone, adding $60 billion to its market capitalization - equivalent to "1 GM, 2 Hersheys, 3 Etsys, 4 Dominos, 10 Vornados," he continued.
"Enjoy it while it lasts," the Scion Asset Management founder and boss added.
Burry disclosed in December that he was shorting Tesla, and he called for CEO Elon Musk to capitalize on his electric-vehicle company's "current ridiculous price" by issuing shares. "Sell that #TeslaSouffle," he added
Burry was portrayed by Christian Bale in the movie adaptation of "The Big Short." He has adopted the Twitter name "Cassandra," a reference to the priestess from Greek mythology who was cursed to share true prophecies but never to be believed.Source https://markets.businessinsider.com/news/stocks/big-short-michael-burry-predicts-tesla-stock-price-housing-bubble-2021-1-1029943006If Tesla crashes causing the stock markets to crash worldwide then wont that correlate with bitcoin price crashing that down too? If bitcoin crashes markets wont correlate to it however if stock market crashes then all assets correlate to it including bitcoin except bonds/currencies.
Also when will the American people get their $2000 stimulus cheques through the mail from the Biden democratic administration.
Do you guys think the people with their stimulus cheques will buy TSLA or BTC with it? If BTC then 100k btc price easily by spring soon
If Tesla then 2k Price a share like Amazon?
Also can you buy fractional shares in TSLA?
Both BTC and TSLA dumping. Is there some kind of correlation here?
Is it healthy for bitcoin to have its own healthy independent correction or by a forced correlated dip/crash caused by another unrelated asset or by a black swan event?
Looks like Elon Musk is giving Bitcoin a helping hand here. Its like he's making a mockery of bitcoin now.
Why is a company helping bitcoin? Isn't bitcoin suppose to be truly financially independent that requires no help, no bailouts from no one no matter how rich they are?
[moderator's note: consecutive posts merged]