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Topic: Tesla buys $1.5 billion in Bitcoin (Read 1053 times)

legendary
Activity: 1267
Merit: 1000
May 16, 2021, 03:54:25 PM
#92
This was so preditable - are you not entertained?

https://twitter.com/fuckelonmuskb/status/1394002175588765702?s=20
sr. member
Activity: 616
Merit: 253
February 11, 2021, 08:41:07 AM
#91
It seems to me that now is not the best time for such an investment. He should have waited until the price fell again.
hero member
Activity: 1459
Merit: 973
February 11, 2021, 07:14:47 AM
#90


Oldie but goldie  Cool
legendary
Activity: 3766
Merit: 1217
February 11, 2021, 07:13:46 AM
#89
There's now an unconfirmed rumors that apple following the footsteps of Tesla and they are investing in bitcoin also.
This rumors sad that apple is putting or put 5Billion USD in bitcoin and it's likely that apple will be joining the cryptocurrency community by creating their own currency.
Seeing that they have the ability to have wallet already in their consumers phones, PCs and laptops and they already have a large consumer base this will be a great news for crypto it's just need to be confirmed.

Apple is the same corporation which banned Bitcoin wallets in iPhone many years ago (2014?). I don't think that they will take a pro-Bitcoin stance anytime soon. Back then, a few of the Bitcoin users actually posted videos of them smashing their iPhones as a protest. During all these years, they have taken a stance against cryptocurrency. And I don't think that their policy is going to change anytime soon.
hero member
Activity: 1498
Merit: 547
Top Crypto Casino
February 11, 2021, 06:46:35 AM
#88
This season has begun, thanks to Ilon Musk! After the news about PayPal, bitcoin overcame the last ATH... Now Tesla has made a new ATH! Wink
And it's all thanks to one man! What can be when other companies start supporting it! Grin

It was PayPal which caused a 300% spike in the prices. The impact from Tesla purchase is not yet visible. But that is not surprising. The rally that resulted from PayPal was not instantaneous. It was spread out over three months, although there was a sharp spike on the first day when the news first came out. I expect the same thing to happen with Tesla as well. The rally from Tesla will be spread out over several months.
I really hope that it will work out just as you've said because with that we may be able to see bitcoin at a stable price at 40k+$ range and will stay that way for a long time due to how much the wall these investors are providing. I too thought that Elon Musk was the cause why we reached the new ATH of 48k$. If that really is the case we may not be able to see the price correction that most of us are waiting and aware of as the price correction that may happen is already happening.

Anyway, it's a good thing that major companies are already implementing bitcoin on their payment system and many other companies are also considering bitcoin and other crypto. We are now halfway to how we imagine bitcoin being the future will be.
hero member
Activity: 1442
Merit: 602
February 11, 2021, 06:30:12 AM
#87
There's now an unconfirmed rumors that apple following the footsteps of Tesla and they are investing in bitcoin also.
This rumors sad that apple is putting or put 5Billion USD in bitcoin and it's likely that apple will be joining the cryptocurrency community by creating their own currency.
Seeing that they have the ability to have wallet already in their consumers phones, PCs and laptops and they already have a large consumer base this will be a great news for crypto it's just need to be confirmed.
sr. member
Activity: 1988
Merit: 453
February 11, 2021, 06:27:41 AM
#86
This season has begun, thanks to Ilon Musk! After the news about PayPal, bitcoin overcame the last ATH... Now Tesla has made a new ATH! Wink
And it's all thanks to one man! What can be when other companies start supporting it! Grin

It was PayPal which caused a 300% spike in the prices. The impact from Tesla purchase is not yet visible. But that is not surprising. The rally that resulted from PayPal was not instantaneous. It was spread out over three months, although there was a sharp spike on the first day when the news first came out. I expect the same thing to happen with Tesla as well. The rally from Tesla will be spread out over several months.
newbie
Activity: 5
Merit: 0
February 11, 2021, 05:59:59 AM
#85
Well, big movements of the minor cryptocurrencies are really expected and as I consider the best thing is to have on hand a good pair of cryptocurrency mastermode because the ones that are really needed will be violent and therefore many cryptocurrencies in which to have the price as the only means Although fundamental is not good at the moment, it is more efficient to have an institutional framework that is the one that supports in terms of performance and technological power, recommending and analyzing that Divi is both a platform where it enjoys its own institutional framework within and outside of itself, for Therefore, it works under the PoS system under its 5-level mastermode, supporting its community in solidarity as well as innovating in external processes such as its #DiviWallet and being in non-profit social projects as well as cryptocurrencies and blockhain technology as its participation in the multiproject of "horizontal laboratories" and the own creation of the cryptogame SiedgeWorld in addition to giving a to excellent profitability of up to 20-25% ROI. You can get more information in this post from a long time ago with initial instructions and interested parties will be better updated on their networks

https://steemit.com/masternode/@jmartojo/divi-project-review
hero member
Activity: 2576
Merit: 684
God, save BTC!
February 11, 2021, 02:21:33 AM
#84
This season has begun, thanks to Ilon Musk! After the news about PayPal, bitcoin overcame the last ATH... Now Tesla has made a new ATH! Wink
And it's all thanks to one man! What can be when other companies start supporting it! Grin
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
February 11, 2021, 01:29:03 AM
#83
So basically this is the reason for the big leap we have seen a day ago, this is really good news for the crypto community, it seems like bitcoin is increasing continuously, I hope this would be the start that will persuade other companies to buy and invest in bitcoin. The first one is the tweet of Elon Musk which really gives a big leap as well to bitcoin and now the Tesla that buys $1.5 Billion worth of bitcoin, so what's next maybe this time is a good time to buy kore bitcoin.

Both are related. Elon was probably the reason why Tesla made investment with Bitcoin. Now Elon has come out in the open, supporting Bitcoin and that is a big thing. Yesterday I read an article in Coindesk, regarding a statement made by a JP Morgan official. He was claiming that other corporations are unlikely to follow Tesla in making Bitcoin investments. He put up some stupid stats to support his claim. One claim was that if a company converts 1% of its reserve cash to Bitcoin, then it's volatility increases by 8%. You can see how stupid this looks. How can 1% cause 8% increase in volatility, unless the prices increase by 800%? And in case the prices increase by that much, it is going to be good for the company.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
February 10, 2021, 11:02:21 AM
#82
Tesla invested 1.5 Billion USD into Bitcoin and plans to include Bitcoin as a payment method.
Definitely the reason for prices soaring right now.
I usually find all these things to be funny, because the kind of amount that these companies are investing in these cryptocurrencies baffles me. It seems like the main whales are all out now and their target is cryptocurrency. At first it used to be just the ordinary and this wasn’t seen as another gambling opportunity where people are looking at when prices will go up and that’s all they discuss.

Now these big companies are investing huge amount of money with the hope that they can keep pushing the prices up. With time more of them will join and the market will increase to an extent, then the question will be – what follows next?
full member
Activity: 574
Merit: 125
February 10, 2021, 12:36:31 AM
#81
So basically this is the reason for the big leap we have seen a day ago, this is really good news for the crypto community, it seems like bitcoin is increasing continuously, I hope this would be the start that will persuade other companies to buy and invest in bitcoin. The first one is the tweet of Elon Musk which really gives a big leap as well to bitcoin and now the Tesla that buys $1.5 Billion worth of bitcoin, so what's next maybe this time is a good time to buy kore bitcoin.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
February 09, 2021, 11:09:11 PM
#80
If you think Tesla's Bitcoin $1.5 billion buy was big... Then wait for the next big featuring of $BET token on Elon musk Bio... Wait for Apple's buy, wait for Amazon's buy. Most people missed out on investing in $doge because of doubts & undervaluation but you can make it right with BET,Dot, cake, xlm & Link

I personally feel that Tesla will be able to propel Bitcoin from $40,000 to around $100,000 (and that was after PayPal took it from $10,000 to $40,000). With the Federal Reserve printing out banknotes like crazy, I expect more and more corporations (and individuals) to consider Bitcoin as a store of value. Any similar move from top corporations such as Google or Amazon is going to have a huge impact, although I am not expecting that at least in the first half of 2021. The real impact from the increasing M1 supply will not be visible immediately, so there is no urgency or haste from the part of these corporations.
full member
Activity: 840
Merit: 102
February 09, 2021, 07:04:38 PM
#79
Yeah, I heard this news also on Elon's tweet. Perhaps this is also what is becoming increasingly powerful bitcoin. The $1.5 Billion that Tesla
invested into bitcoin is a huge  amount, especially  if they  have  already  realized the plan to use Bitcoin as a  payment  method  for  Tesla,
adding to the popularity and public confidence in crypto is getting stronger.
jr. member
Activity: 63
Merit: 1
February 09, 2021, 12:43:31 PM
#78
Also since the current pump is dependent on Musk BTC is a bit dependent on TSLA stock.
Nah I don't think that bitcoin will be dependent from TSLA stock. Bitcoin is volatile and depends on ask/demand, even if that stock dropped a lot and traders continue to buy bitcoin then the price will continue rising. Now if they will drop that amount then a crash will definitely happens since there will be a huge number of bitcoin for sell comparing to a smaller number of buyers.
Wonder estimate how much Tesla bought, January price was between $30k-$40k so ~$34k as median = BTC44k = 0.2% of the total bitcoin supply without counting the definitively lost amount!

Yeah, he bought a "tiny bit" but the splash was huge since it was Musk. If no big players join him in bulk acquisitions soon and TSLA slides, his judgment might be called into question. Need to keep the momentum going.
jr. member
Activity: 35
Merit: 1
February 09, 2021, 12:29:46 PM
#77
If you think Tesla's Bitcoin $1.5 billion buy was big... Then wait for the next big featuring of $BET token on Elon musk Bio... Wait for Apple's buy, wait for Amazon's buy. Most people missed out on investing in $doge because of doubts & undervaluation but you can make it right with BET,Dot, cake, xlm & Link
 
hero member
Activity: 1036
Merit: 514
February 09, 2021, 12:08:38 PM
#76
I was about to post this in other thread where we were discussing the recent changes that Elon did to his profile on twitter (Regarding "bitcoin" in his profile) but I guess that this is a way too much important new that couldn't be buried on a thread.

For anyone that wants to see the official document : SEC filling.

What's more interesting further than Tesla betting on diversifying it's investments is this simple paragraph :

Quote
In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

This my friends is the true gold in this latest filling. I truly believe that Elon will do whatever he can to push investors to gain enough traction/support to implement BTC as a payment for their cars. It will be quite a ride and it will prove quite hard indeed, but if there's one person that won't stop at nothing, it's Elon Musk himself.

Today is a good day guys!

Tesla marketcap is $815 billion and diversifying asset on bitcoin in 2021 seems more popular among big investors and companies will push its value even higher this year, no wonder some analyst predict it could reach over $100k or $300k by the end of the year.
Subsequently, after several recent tweets about doge and a bitcoin hashtag then Tesla intent to begin accepting cryptocurrency as one of the payment arrangement, positively encourage more institutional investors and companies to at least accept bitcoin as a form of payment as well. Many people want to spend cryptocurrency without having to convert it to fiat currency, some crypto-firms provide the service to do it, only if more numerous corporations, retailers, and merchants join into the sphere, then some crypto will emerge better than others as a digital currency to scale.
member
Activity: 1165
Merit: 78
February 09, 2021, 11:25:04 AM
#75
In the midst of the ban on crypto which was said by some country Central Banks, this is totally a piece of good news for every cryptocurrency investor but still, needs to be prepared for negative FUD that may be created by some institution or banks which sees cryptocurrency as their rival.
newbie
Activity: 27
Merit: 0
February 09, 2021, 11:12:09 AM
#74
Elon will completely disrupt the market in near future. Don't miss the time.
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
February 09, 2021, 11:05:52 AM
#73
The news not only pushed the market to a new ATH but will also affect the shares price of Tesla and if they get the approval from SEC about crypto as a payment option the Tesla share price will skyrocket. Elon Musk is now actively involved in the crypto market and influenced the market to surge and will continue to do so. Hopefully, other companies will do the same.
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