Tesla Bought 1.5 Billion in Bitcoin! - page 3.

Sithara007

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Quote from: Nunoluck on February 09, 2021, 11:06:33 PM

In my opinion Elon Musk is a person who will change the world. I am sure that many people will use Tesla car in the future. He seems like always see the future, maybe he see that bitcoin will be more acceptable and used by more people in the future so if he buy bitcoin now then he will have a lot of profit in the future. The world always change according the development of technology.

Agreed. For almost two decades, Bill Gates was the richest person in the world. But in terms of influence, he was far behind some of the other billionaires. But that is not the case with Elon Musk, as he is being associated with future innovation. A lot of people (and even corporations) closely follow what he does, and that is why his actions are having such a big impact on the market. Elon has grown much beyond Tesla and Space X. I won't be surprised if sometime in the future he becomes the first trillionaire in recorded history. Mark my words, it may happen. And you read it here first.

Nunoluck

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In my opinion Elon Musk is a person who will change the world. I am sure that many people will use Tesla car in the future. He seems like always see the future, maybe he see that bitcoin will be more acceptable and used by more people in the future so if he buy bitcoin now then he will have a lot of profit in the future. The world always change according the development of technology.

cryptofiend01

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Elon musk deliver yet another revolutionary move as he piles in $1.5 billion dollars into bitcoin. This is the cue, first institutionalisation now commercial adoption, mass adoption is really coming together!

virasisog

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Quote from: Rexler on February 09, 2021, 08:59:49 PM

Quote from: TheNineClub on February 08, 2021, 04:35:02 PM

Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.

Definitely a bad news for those his followers who always rush to buy dogecoin each time he tweets about it,Elon is a smart investor after advertising dogecoin multiple times he went ahead to invest in bitcoin, it's really funny how people fomo and buy the dogecoin each time he tweet anything related to it, I bet alot of them have lost their money after rushing to buying tha dogecoin, this should serve as a lesson to that they shouldn't always rush to buy to cryptocurrency each time a public figure talks about it.

It's people fault for jumping in and going all-in, they should know that Doge is nothing but a meme, how come Tesla would put his money into something which has no real use-case. Everyone was shocked about what Tesla did since some are starting to get ready for the upcoming Chinese New Year dump, but I guess it will not happen this time, I hope.

Rexler

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Quote from: TheNineClub on February 08, 2021, 04:35:02 PM

Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.

Definitely a bad news for those his followers who always rush to buy dogecoin each time he tweets about it,Elon is a smart investor after advertising dogecoin multiple times he went ahead to invest in bitcoin, it's really funny how people fomo and buy the dogecoin each time he tweet anything related to it, I bet alot of them have lost their money after rushing to buying tha dogecoin, this should serve as a lesson to that they shouldn't always rush to buy to cryptocurrency each time a public figure talks about it.

lienfaye

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Thats a huge btc buying and the reason of the sudden surge of price for bitcoin. This company has an influence to make a change, its a good move for them to finally accept bitcoin it can really have a positive impact to bitcoin (and crypto in general) to become widely known and gain many users and investors.

I will not be surprise if other companies follow the move of Tesla. But I hope they wont be engaging just because we are in bull season. If they dump their btc it will create a big impact to the market and small invertors are one of greatly affected.

teosanru

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Earlier I was a bit skeptical that corporates buying bitcoin will actually create a havoc sort of situation as there is already a very limited supply and you just can't beat these corporates when they come in to pump the price. But now after Tesla has brought it I am a bit calm. It's because despite spending a whopping 1.5 Billion$ it could only buy 0.2% of the total supply. Now if other companies have to enter the arena they will be spending a much higher amount than this and this number will obviously keep on rising each day if more potential investors enter the arena so it's definitely not possible for corporates to control bitcoin obviously until they get around 10% of the supply and decide to make a cartel with each other which is almost impossible.

bitgolden

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Quote from: Haliburton on February 08, 2021, 07:58:52 PM

This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.

Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.

With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?

I was already buying bitcoin and holding it way before this happened and I am not going to change that now just because Elon got in but I think it is not "that" shocking. Do not think Elon Musk buying bitcoin as something that is great for bitcoin, think of it like it is something great for Elon Musk himself.

I don't know if I was capable of explaining what I mean, I mean that bitcoin is already great, it is great with or without Elon Musk in it, there is no doubt that bitcoin would have been great without Elon Musk ever talking about it, go back to a year ago and you will see for a whole year Elon didn't talked about it and we reached from 7k start of 2020 to 41k+ in early 2021 so as you can see bitcoin is more than capable of being awesome all by itself. So, what I am trying to say here exactly is that Elon did something great by buying bitcoin, that is a lot better for him compared to staying in fiat.

maydna

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As a big company, Tesla invites the other big companies to follow their step to invest in cryptocurrency, especially to invest in bitcoin. But Tesla's announcement is smart because they announce when the price is more than $40k, making them make a big profit if the other big companies follow them. But it is good news for cryptocurrency, especially for bitcoin, because that can make the mass adoption come soon, and if the other big companies really invest in bitcoin, they will announce it as Tesla did. If so, this year will be another good year for cryptocurrency to reach more people out there to invest in crypto. This time, Tesla success to make a crowd in the crypto world.

$crypto$

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Quote from: pinggoki on February 08, 2021, 10:00:57 AM

If they will accept bitcoin as a payment then it would be great because this would be a mass adaption for the people who doesn't know about bitcoin. Due to this buying of around 1.5B it will shakes the world and Elon will open a new gate that people will also support bitcoin. This news was really a shocking news because many people didn't know that Elon will really support bitcoin because they know that Elon is trolling sometimes.

I also just thought that Elon Musk was a troll but in fact he did not make a new breakthrough in the industry by announcing that Tesla has invested in bitcoin with a large amount of value, now the news is on the scene that the big companies in the world have accepted bitcoin as a new adaptation. forward.
I am sure crypto investors will be so confident with this news because with this news bitcoin has increased quite a bit, indicating that with an investment of 1.5B this can affect the entire crypto industry.

With Elon Musk's previous tweets is code that his company has bought him in bitcoin.

oHnK

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Quote from: Kakmakr on February 09, 2021, 09:09:52 AM

I think the $1.5 Billion Bitcoin buy is not the best news, but rather the fact that they are saying that they might start accepting Bitcoin as a payment option. A lot of people want Bitcoin to be used as a "Currency" and not as a "Commodity" ...so this will be welcome news for them.

The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)

The fact is, Bitcoin is made a commodity not as a currency. Even in my country Bitcoin is banned if it is used as currency and is only legalized as a commodity. We can also see data that the Bitcoin circulation circulating in the market is only a fraction of the total that already exists. Isn't this very clear, someday when they don't think of Bitcoin as a valuable commodity they will just throw it away and cause Bitcoin price collapse.

baeva

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Quote from: iv4n on February 08, 2021, 02:22:04 PM

Quote from: baeva on February 08, 2021, 01:38:15 PM

I think Elon Musk does this for a reason, more than once there has been information that he is somehow connected with one of the cryptocurrencies-doge, there has never been confirmation of this, but he does not swing the cryptocurrency market from side to side only knows how, but also loves)

I am sure he has his reasons, as I am sure that we can't even imagine what he is trying to accomplish! I am not even sure is it possible that after his adding Bitcoin in his biography can affect price to rise +10% in just an hour or less, like I am not sure now did he really bought these Bitcoins, or it's just a marketing... he could buy them months, or years ago... it's not like he doesn't have money for that!
Well whatever it is, and it can be literally anything, it's a good marketing for Bitcoin and the entire crypto market!

Perhaps this is actually the case, but first of all, Elon Musk is some kind of PR manager, we have already seen more than once how he advertised the company with just ordinary mentions in the media or on his Twitter page. Moreover, how can he achieve such achievements in the field of engineering and space, if in fact he has a law degree. Well, with that kind of money, he could actually buy so many bitcoins on behalf of the company

Kakmakr

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I think the $1.5 Billion Bitcoin buy is not the best news, but rather the fact that they are saying that they might start accepting Bitcoin as a payment option. A lot of people want Bitcoin to be used as a "Currency" and not as a "Commodity" ...so this will be welcome news for them.

The only problem is that they also added that Bitcoin payments will most probably be converted to Fiat... so it will not have a long-term affect on the price and stability. (I think they will use some kind of payment processor to do this)

PayPal has also bought a lot of bitcoins and they are planning to open up their merchant network to Bitcoin payment.. so time will tell, if this will have a significant impact in the future. Roll Eyes

hatshepsut93

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This bull cycle will enter history as the time when big investors started looking at Bitcoin seriously. In 2014 the market belonged to retailers. In 2017 it was mostly the same, as no company or institution publicly admitted to buying Bitcoin. So, it took us 12 years from Bitcoin's creation to beginning of mainstream recognition.

It's hard to predict how many more institutional investors will join during this cycle, but it's clear now that the process has started and sooner or later more big names will join.

aoluain

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Quote from: carlisle1 on February 09, 2021, 12:30:34 AM

Quote from: Haliburton on February 08, 2021, 07:58:52 PM

This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.

After Bitcoin Doubling the ATH of 2017 ? sure those businessman are now confirmed that this market is is legit and will surely a Place where the investment is more safer than any market at all.

Quote

Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.

We can't tell that these are true because it can be a coincidence or small fraction that turns out.

Quote

With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?

Amazon? or Giant banks? who knows.

Im calling Amazon Pay wlll soon enter the space, they have to,
Rivals Paypal and Visa are already here in their own capacities.

They wont want to get left behind!

carlisle1

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Quote from: Haliburton on February 08, 2021, 07:58:52 PM

This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.

After Bitcoin Doubling the ATH of 2017 ? sure those businessman are now confirmed that this market is is legit and will surely a Place where the investment is more safer than any market at all.

Quote

Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.

We can't tell that these are true because it can be a coincidence or small fraction that turns out.

Quote

With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?

Amazon? or Giant banks? who knows.

Sithara007

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If you check their statement closely, then it can be seen that they not just invested in Bitcoin. They have also made purchases of gold bullion and gold ETFs. And although they haven't specified it, I suspect that the term "digital assets" include some of the altcoins as well. The logic is very simple. No one want to trust the US Dollar nowadays. It's M1 supply is increasing like crazy and along with that the purchasing power will go down the drain. Everyone want to protect their wealth and as a result they are accumulating more of BTC or gold, and reducing their exposure to USD.

Haliburton

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This is the most exciting time in crypto history! I mean, a prominent figure like Elon Musk endorsing Bitcoin? It's genius! It shouldn't be long enough before Bitcoin touches $50,000 per coin. I don't know about you, but I'm going to keep buying and hodling Bitcoin.

Things are going to get a lot more exciting in the upcoming months as people are joining the crypto hype. Dogecoin went from less than a penny to 8 cents thanks to Elon Musk's endorsement. Even Bitcoin soared to $44,000! We even saw PayPal joining the Blockchain revolution. Bitcoin and most other cryptocurrencies will continue to pump like there's no tomorrow.

With Tesla now deeply invested into Bitcoin, I wonder which other company will be next?

AndySt

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Quote from: TheNineClub on February 08, 2021, 04:35:02 PM

Quote from: jaysabi on February 08, 2021, 09:06:33 AM

Bad news for all the people following Elon like lemmings off a cliff into Doge. I honestly don’t know why people put so much stock into what Elon does, he has a long history of trolling and erratic behavior, and he’s not a particularly good role model (threatening to fire workers for not reporting to work during a pandemic when the county said it wasn’t safe to open his factory, calling a journalist a pedo on twitter because he criticized Elon’s narcissism, using twitter to pump his company stock with materially false information, etc.) Unfortunately, this board is going to be flooded with Elon worship even more now just because of this. We need better heroes.

Bad news for people that invest their hard-earned money just because someone said something on a social platform. I am so over feeling sorry for people that still invest in that way. For others that look at this whole crypto thing as a long-term commitment, someone hyping a coin or some big shot name buying another means Jack shit. Heroes and Villains, role models...we are talking about CEOs of multinational companies, please let's not look to them as role models. At best let's judge their companies on what good day do to our society, if any. If I look at this more positively, this could be a nice step forward to get others to invest their capital into projects that revolve around crypto.

The Biblical commandment about the creation of idols has not yet been canceled, and therefore in such matters you need to include your own mind and not trust the elements of the crowd. However, this does not negate the fact that this element can and should be used profitably for their own purposes Wink

Whether we like it or not, such characters move the market regardless of our judgments about their moral character Wink

goinmerry

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That was a massive buying. We now need to pray that they won't dump it soon. As I've seen this as positive for Bitcoin, they can now trigger and start a heavy dump if something goes wrong in the near future. Cheesy

If just for acceptance as one of their payment methods, they can just easily do it but instead they bought a large quantity on which we don't know where it is being used. For a billionaire, I don't think that was just for holding because of positive views about Bitcoin in the future. They won't just spend 1.5Billion without a motive.

Pardon my speculation lol.

Topic: Tesla Bought 1.5 Billion in Bitcoin! - page 3. (Read 630 times)