Tesla make 1 billion profits from it Bitcoin holding

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Quote from: laurenB7742 on November 08, 2021, 04:04:55 PM

Quote from: Tellek Garing on November 08, 2021, 02:10:52 PM

I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

It is funny that you think the recent Bitcoin Bullrun is happening for EM's new status!! Cheesy

Do you know Elon Musk suspended the Bitcoin payment method for buying TESLA car? and he spread out rumor and encouraged people Not to use Bitcoin cause he think Bitcoin mining is not Eco-friendly??
Elon Musk is nothing but a social influencer, nobody cares about his status. Even if Elon Musk had not invested in Bitcoin, it is confirmed that this Bullrun is reasonable.

I totally agree with you on that Elon musk was not involved in bitcoin back then in 2017 and Bitcoin still did fantastically during that period, Elon musk is just an influencer looking for spots to take advantage of and he saw Bitcoin as a tool to make more profits.

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Quote from: Tellek Garing on November 08, 2021, 02:10:52 PM

I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

It is funny that you think the recent Bitcoin Bullrun is happening for EM's new status!! Cheesy

Do you know Elon Musk suspended the Bitcoin payment method for buying TESLA car? and he spread out rumor and encouraged people Not to use Bitcoin cause he think Bitcoin mining is not Eco-friendly??
Elon Musk is nothing but a social influencer, nobody cares about his status. Even if Elon Musk had not invested in Bitcoin, it is confirmed that this Bullrun is reasonable.

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Quote from: Tellek Garing on November 08, 2021, 02:10:52 PM

Quote from: rozak on November 07, 2021, 12:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Am just wondering how much the Tesla bitcoin holdings will yield at this season where bitcoin market is on a bull mood, I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

Possible but if you do base on how he much profit on Tesla purchase then its impossible but for sure there might be some unknown purchase of crypto specially bitcoin or some altcoin which did really add on his richness.

We cant tell on whats happening behind the curtains but for sure it did really involved some crypto profits/investment for now then we can only
speculate but we don't know on whats happening behind.Normal for them to make profits since they had risked something earlier.

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Quote from: rozak on November 07, 2021, 12:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Am just wondering how much the Tesla bitcoin holdings will yield at this season where bitcoin market is on a bull mood, I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

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Quote from: Minecache on November 07, 2021, 12:48:04 PM

Quote from: rozak on November 07, 2021, 12:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Right,
You know, Inflation is rampant all around us, The main reason for the recent inflation in European countries is the printing of money by the government. In fact, people no longer trust fiat money cause govt. can do anything to reduce their personal loss. Elon Musk, the president of El Salvador, and other people with big capital know that inflation is coming after the COVID-19 pandemic. So that, they invested in Bitcoin cause they know it was safe to hold their money in Bitcoin.

Where do you hear that people don't trust fiat money because of the governments? I personally haven't heard that kind of thing from any person that I have ever met. Usually, people in poor countries prefer to save their savings not in national currency but in USD, Euro or GBP. I think the statement that "People don't trust fiat" is as abused as the word "Blockchain". Have you seen protest where people say that they don't trust in Euro? Well, I have even seen protest where people ask the government to ask America/Europe and move on USD/Euro instead of their national currency (But you can't move on Euro if you aren't in European Union).
Poor needs enormous profit from poor investment to become rich and for rich, even 5-6% profit can be millions of USD.

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Quote from: rozak on November 07, 2021, 12:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Right,
You know, Inflation is rampant all around us, The main reason for the recent inflation in European countries is the printing of money by the government. In fact, people no longer trust fiat money cause govt. can do anything to reduce their personal loss. Elon Musk, the president of El Salvador, and other people with big capital know that inflation is coming after the COVID-19 pandemic. So that, they invested in Bitcoin cause they know it was safe to hold their money in Bitcoin.

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Quote from: rozak on November 07, 2021, 12:13:34 PM

Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Basing up on the amount or behavior that they've been doing then you could really say that they arent really just focusing for the sake of profits or income with Bitcoin investment but rather seeing
for it on the real-use case area but somewhat its impossible that they arent eyeing for the profits that they would be making.

For sure its one of the considerations too on the time that they had made out such decision.Good thing or advantageous thing for those who do have money is that they could dive
in on any investment that they do like without any hesitance or problem due to their financial capacity.

If they made some big profits then it is just because they did took a big risk so its not actually surprising.

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Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Quote from: Finestream on November 07, 2021, 09:52:04 AM

Quote from: BIN-BIN on October 14, 2021, 08:42:11 AM

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

Yes, investors are surely ripping their profits already as early as 4th week of October (last month) as bitcoin have reached another ATH.
But in the case of Tesla, it is just an estimated profit because Tesla haven't sold their bitcoins yet so it's safe to presume that it's just an unrealized profit or gain, maybe it's not their goal yet so possibly we can see another circus moves from Elon Musk to eventually force the value of btc to break another record this year or maybe not because they are trying to hold it for another few years.

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

I have a slightly different point of view here because looking at the previous case, it is true that they can reap tremendous profits.
On the other hand, the manipulation that Elon uses and the Tesla that helped create Bitcoin a few months ago is actually intolerable.
but on the other hand we don't have any authority because indeed we can't prohibit and order someone to do something and that includes Elon and Tesla who use their influencer power to bring money and manipulation here

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Quote from: Tellek Garing on November 07, 2021, 11:33:14 AM

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

Tellek Garing

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Quote from: Finestream on November 07, 2021, 09:52:04 AM

Quote from: BIN-BIN on October 14, 2021, 08:42:11 AM

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

Yes, investors are surely ripping their profits already as early as 4th week of October (last month) as bitcoin have reached another ATH.
But in the case of Tesla, it is just an estimated profit because Tesla haven't sold their bitcoins yet so it's safe to presume that it's just an unrealized profit or gain, maybe it's not their goal yet so possibly we can see another circus moves from Elon Musk to eventually force the value of btc to break another record this year or maybe not because they are trying to hold it for another few years.

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

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Quote from: BIN-BIN on October 14, 2021, 08:42:11 AM

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

Yes, investors are surely ripping their profits already as early as 4th week of October (last month) as bitcoin have reached another ATH.
But in the case of Tesla, it is just an estimated profit because Tesla haven't sold their bitcoins yet so it's safe to presume that it's just an unrealized profit or gain, maybe it's not their goal yet so possibly we can see another circus moves from Elon Musk to eventually force the value of btc to break another record this year or maybe not because they are trying to hold it for another few years.

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Quote from: Tellek Garing on November 06, 2021, 01:09:23 PM

Am not really a fan of Tesla but the fact that the company spent huge part of it money on bitcoin seems to amaze me a lot with the recent bitcoin market rise the company stand to gain huge profits from the holding which is why the news is not surprising to me.

Tesla isn't an investing firm though. Tesla is a car/battery company. Elon should have created another company for that purpose. Tesla holders are probably happy right now but what will happen if bitcoin decides to go down? It would impact TSLA very badly. If their main source of income shifts from making cars to trading bitcoin, that might scare lots of those OG TSLA holders later on.

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Quote from: finaleshot2016 on November 03, 2021, 03:19:23 PM

Quote from: BIN-BIN on October 14, 2021, 08:42:11 AM

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency whale. The company bought 43,200 Bitcoins sometime in February 2021 have yielded a 65% that is 1 billion dollars profits at the present Bitcoin price.
Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin

Imagine you bought a lot of bitcoin, then Elon Musk caused a fud due to energy consumption, then there was a recovery and a new all-time high rn, but the Tesla firm still made a lot of money.

Sometimes I wonder whether this is all calculated and analyzed because Tesla and Elon Musk are doing so well in the crypto world.

we should know that they do things like this either fud or adoption is indeed for their own benefit.
on the other hand whatever they do is actually something that can be detrimental regardless of adoption and fud it all inevitably leads to things that maybe not everyone can think of.
all they do is manipulate and seek their own profit, they don't care about their supporters and they don't care about crypto

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Quote from: Tellek Garing on November 06, 2021, 01:09:23 PM

Am not really a fan of Tesla but the fact that the company spent huge part of it money on bitcoin seems to amaze me a lot with the recent bitcoin market rise the company stand to gain huge profits from the holding which is why the news is not surprising to me.

There are other companies that did the same and they're also in profit that they haven't obtained it. It's still unrealized profit until they've come to take that profit and start selling it.
And they might take the profit as soon as possible and we'll never know when because it's Elon that gives that signal to his companies when to sell. He moves the market and he manipulates everything these days.

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Am not really a fan of Tesla but the fact that the company spent huge part of it money on bitcoin seems to amaze me a lot with the recent bitcoin market rise the company stand to gain huge profits from the holding which is why the news is not surprising to me.

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Quote from: Tellek Garing on November 06, 2021, 01:05:54 AM

I see Elon musk constantly beating his counterpart to becoming the world richest each time bitcoin bull happen this is because his holdings will generate large profits. Tesla as a company have invested quite a large amount in bitcoin and that is why it can easily make a 1 billion profits.

We are discussing his 1 billion dollar profit but we are not discussing how much capital they have invested. You are right, they have invested in billions that's why profit is also 1 billion. We need not to impress with this, as getting 1 billion profit on 10 billion investment is same as getting 1 dollar profit on 10 dollars investment in terms of ROI. That's what I think, correct me if I m wrong.

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Quote from: Tellek Garing on November 06, 2021, 01:05:54 AM

I see Elon musk constantly beating his counterpart to becoming the world richest each time bitcoin bull happen this is because his holdings will generate large profits. Tesla as a company have invested quite a large amount in bitcoin and that is why it can easily make a 1 billion profits.

Well that is Elon , He keeps using his Popularity and the weakness of those who believes him to make news increasing the effect in crypto market.
Elon is nothing but a User and must not be followed and believe in , still laughing when the the Glass of His Tesla Broke in the live release , he deserved such embarrassments .

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Sorry to break the news but you don't make any profit from holding. Profit is only realised at the moment you liquidate. So I'm not saying they won't make profit, Tesla's done it right, they've just discovered the power of holding, but they have yet to experience a deep dip, and there will plenty of that for a new holder to experience.

Profit unrealised and losses unrealised. That must be the holder's journey before liquidation.

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Quote from: Koro-Sensei on November 04, 2021, 07:52:39 AM

He bought at February then sold at April then spread Fud to bought again. What a genius. That's how he manipulate the market and there's no doubt that it will happen again in the near future. That's how he made millions in crypto by just tweeting and I just hope you guys don't follow this kind of manipulative movements. Ignore his chilling and unfollow his tweeter. Lol.

He is ripping people off because he knows he can get away with it since the crypto markets are not regulated. It is wild wild west. The manipulators used to keep their real identities in secret but they were afraid of the SEC. No need for that anymore because the SEC doesn't care. We also know that Elon has no respect for the SEC. He simply hates them.

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I see Elon musk constantly beating his counterpart to becoming the world richest each time bitcoin bull happen this is because his holdings will generate large profits. Tesla as a company have invested quite a large amount in bitcoin and that is why it can easily make a 1 billion profits.

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