Tesla make 1 billion profits from it Bitcoin holding - page 2.

Rufsilf

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Quote from: ultrloa on November 03, 2021, 07:01:41 AM

Quote from: AakZaki on November 03, 2021, 06:35:40 AM

A company the size of Tesla with a profit of 1 billion is still relatively small. Tesla may have its own targets and still hold the Bitcoins they buy.
Tesla makes a big impact when it comes to investing in bitcoin. This proves Bitcoin to be a valuable asset.
With Tesla's current profit, I think their target is more than that.

That's why they love to manipulate so that they can increase the size of their holdings and this one should be look up since they are pretty serious upon dealing or holding with bitcoins. And I will not surprise in future if Elon will be back again and do his nasty attempts with bitcoin so hopefully no one take their manipulative tactics in future so that we will not see anything bad effects to the market.

So, basically Tesla's 1 billion USD profit isn't their goal yet because they haven't sell their bitcoins up to now, that's just an estimated profit by cointelegraph and unrealized profit yet.
That's why up until now, they're manipulating and encouraging more and more investors to take their part to maximize their profit even more. Even if we really hope that no one takes the delicious bait, it's already possible for the famous crypto whale to successfuly manipulate bitcoin again.

We can't deny the fact that Elon Musk has the most aces in his sleeve for now together with his bright mind.

Wong Gendheng

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Now the bitcoin price is more than $60k or increase more than 10% and I'm sure the profit from the increase is making Tesla get a big profit, this is what makes the Tesla owner now the richest person in the world and I'm sure there will be many millionaires who will invest bitcoin following Tesla.

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Quote from: retreat on November 04, 2021, 09:56:44 AM

Quote from: BIN-BIN on October 14, 2021, 09:42:11 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

Apart from profiting from the increase in their share price, Tesla also benefits from the increase in the value of the bitcoins they hold. I want to speculate, Tesla definitely won't sell their bitcoins, I believe their target price is above $100k/BTC.

There is no two side profit in Bitcoin, you can only profit from the price/value of bitcoin but the volume remains the same. If you hold one bitcoin and price at 60k the price may increase to 70k but you maintain your one bitcoin it will not increase more than that.

retreat

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Quote from: BIN-BIN on October 14, 2021, 09:42:11 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

Apart from profiting from the increase in their share price, Tesla also benefits from the increase in the value of the bitcoins they hold. I want to speculate, Tesla definitely won't sell their bitcoins, I believe their target price is above $100k/btc.

Koro-Sensei

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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.

no-ice-please

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Quote from: finaleshot2016 on November 03, 2021, 04:19:23 PM

Quote from: BIN-BIN on October 14, 2021, 09:42:11 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.

It was to expected that they do well. Given the size of their company, but even more important the image of Elon Musk, everything that is put into one sentence with Tesla and Elon turns into gold more or less. That's because Elon by now has proven he is able to pull off quite a couple of things at the same time which nobody has ever done before him.

I wouldn't even call it manipulation to a full degree. If you are a man with such a net worth, reputation, companies in the back and popularity, it almost doesn't even matter what you say, something will happen afterwards. Steve Jobs' glasses were a bestseller for quite some time. It's just how the crowd works.

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Quote from: BIN-BIN on October 14, 2021, 09:42:11 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.

no-ice-please

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Quote from: kanayaTabitha on November 02, 2021, 01:05:31 PM

Quote from: no-ice-please on November 02, 2021, 01:00:16 PM

Wouldn't it be public anyway whether Tesla holds Bitcoin or not? As a publicly listed company they would owe that information to investors/potential investors if I am not mistaken? Especially as Bitcoin is a highly speculative asset I would think that owning Bitcoin would at least require a note in their financial reporting.

"Operating income increased substantially YoY mainly due to vehicle volume growth and cost reduction. Positive impacts were partially offset by ASP decline, growth in operating expenses, lower regulatory credit revenue, additional supply chain costs, Bitcoin-related impairment of $51M and other items"

This was written on telsa financial report of Q3 this year, they mentioned bitcoin in their financial summary.

Reference : https://ir.tesla.com/#tab-quarterly-disclosure

Ok interesting that they put it that way, but I believe if someone wanted to they could certainly find out how many of the assets Tesla holds actually is in digital assets or currencies. I would at least have thought so. Maybe I am wrong and they can indeed disguise how many Bitcoin they hold.

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Quote from: AakZaki on November 03, 2021, 06:35:40 AM

A company the size of Tesla with a profit of 1 billion is still relatively small. Tesla may have its own targets and still hold the Bitcoins they buy.
Tesla makes a big impact when it comes to investing in bitcoin. This proves Bitcoin to be a valuable asset.
With Tesla's current profit, I think their target is more than that.

That's why they love to manipulate so that they can increase the size of their holdings and this one should be look up since they are pretty serious upon dealing or holding with bitcoins. And I will not surprise in future if Elon will be back again and do his nasty attempts with bitcoin so hopefully no one take their manipulative tactics in future so that we will not see anything bad effects to the market.

AakZaki

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A company the size of Tesla with a profit of 1 billion is still relatively small. Tesla may have its own targets and still hold the Bitcoins they buy.
Tesla makes a big impact when it comes to investing in bitcoin. This proves Bitcoin to be a valuable asset.
With Tesla's current profit, I think their target is more than that.

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Quote from: worldofcoins on November 02, 2021, 04:51:10 PM

Quote from: Rehan Zakir on November 02, 2021, 01:27:53 PM

Because Elon musk is in the early holder's of Bitcoin. He is holding Bitcoin when it's price very low. So, that's why he makes huge profit. Bitcoin holding is very beneficial. Because Bitcoin price increases massively within last year. And their holders makes huge profit. The year 2021 is very good for Bitcoin. Because in this year Bitcoin price makes their new All time high.

"Early holder of bitcoin"? huh?

If I'm not wrong then he bought bitcoins around 40,000 $/BTC.
That's another thing if bitcoin hits its all-time high, But the bitcoin that Elon Musk bought he hasn't sold yet if I'm correct.
So there's a possibility that he will continue to hold those for later gains or buy more when the price of bitcoin goes down.

In any case, 1B isn't that big of a profit for him, compared to what he could've had made in those Dogecoin pumps.

They wont really be selling out and its true that 1B is nothing if we do talk about general perspective on things and wont be surprised if they would be still holding on with the current state of price.

This is one of the benefits when you do invest out with bitcoin on early phase or bought in the dip which it could really potentially give out that profits that you are neither aiming or not expecting.

Tesla did make out some risk when its still 40k and now the price had come up which its understandable that they had indeed make profits.

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Quote from: Rehan Zakir on November 02, 2021, 01:27:53 PM

Because Elon musk is in the early holder's of Bitcoin. He is holding Bitcoin when it's price very low. So, that's why he makes huge profit. Bitcoin holding is very beneficial. Because Bitcoin price increases massively within last year. And their holders makes huge profit. The year 2021 is very good for Bitcoin. Because in this year Bitcoin price makes their new All time high.

"Early holder of bitcoin"? huh?

If I'm not wrong then he bought bitcoins around 40,000 $/BTC.
That's another thing if bitcoin hits its all-time high, But the bitcoin that Elon Musk bought he hasn't sold yet if I'm correct.
So there's a possibility that he will continue to hold those for later gains or buy more when the price of bitcoin goes down.

In any case, 1B isn't that big of a profit for him, compared to what he could've had made in those Dogecoin pumps.

Rehan Zakir

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Because Elon musk is in the early holder's of Bitcoin. He is holding Bitcoin when it's price very low. So, that's why he makes huge profit. Bitcoin holding is very beneficial. Because Bitcoin price increases massively within last year. And their holders makes huge profit. The year 2021 is very good for Bitcoin. Because in this year Bitcoin price makes their new All time high.

kanayaTabitha

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Quote from: no-ice-please on November 02, 2021, 01:00:16 PM

Wouldn't it be public anyway whether Tesla holds Bitcoin or not? As a publicly listed company they would owe that information to investors/potential investors if I am not mistaken? Especially as Bitcoin is a highly speculative asset I would think that owning Bitcoin would at least require a note in their financial reporting.

"Operating income increased substantially YoY mainly due to vehicle volume growth and cost reduction. Positive impacts were partially offset by ASP decline, growth in operating expenses, lower regulatory credit revenue, additional supply chain costs, Bitcoin-related impairment of $51M and other items"

This was written on telsa financial report of Q3 this year, they mentioned bitcoin in their financial summary.

Reference : https://ir.tesla.com/#tab-quarterly-disclosure

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Quote from: Yamifoud on November 01, 2021, 05:16:36 PM

Quote from: dezoel on November 01, 2021, 04:27:48 PM

Quote from: BIN-BIN on October 14, 2021, 09:42:11 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.

So, I am guessing they are very lucky for not selling their Bitcoin. They were really at the brink of selling the bitcoins they bought in the market, but I don’t know why they changed their mind and didn’t sell it anymore.

Even on Twitter when Elon Musk started making some comments that made people believe that he is no longer interested in Bitcoin, there were lots of speculation going round that Tesla must have sold their Bitcoin and that would result in the market crashing at anytime. But at some point nobody talked about it anymore, even those that talked about it were not able to prove that they really sold their coins. Is good to realize that they never sold it.

Well, it was not sure if Elon Musk is telling the truth or not, or that he just want to divert the mind of the people to give no influence anymore. However, it wasn't believable as people have known already that Tesla company holds a huge chunk of Bitcoin, and Elon Musk is the author of such purchases.
Yes, indeed. If they decide to sell them all, it certainly affects and crashes the market price but we don't see it and it comes to our mind that they just hold it and we don't know why.

Wouldn't it be public anyway whether Tesla holds Bitcoin or not? As a publicly listed company they would owe that information to investors/potential investors if I am not mistaken? Especially as Bitcoin is a highly speculative asset I would think that owning Bitcoin would at least require a note in their financial reporting.

kiryan87

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This plan has even been mentioned in the financial statements for the third quarter of 2021 which they submitted to the SEC on https://wannaplay.news/news/.
and their reason a while ago when they suspended payments via crypto was due to the rapid increase in the use of fossil fuels for mining and transaction of those crypto assets, especially coal, which causes the worst emissions of any fuel .
but now for them to see another reason according to Musk's statement which mentions that Bitcoin is turning more to renewable energy and many coal-fired power plants have been shut down, especially in China.

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Quote from: yazher on November 02, 2021, 12:00:24 AM

Quote from: Kadal Ijo on November 01, 2021, 06:12:36 AM

This is the motivation for us to follow Tesla, I believe the big impact of Tesla investing in bitcoin will make many big companies to enter bitcoin, and this makes me optimistic that the future of bitcoin will continue to shine and this year can reach at least $100k .

It's not a problem to invest a huge amount of money as long as you know what you are doing and you have confidence that the result will gonna be the same or more than you expected. But as most of the users here say, bitcoins don't really need you to do hours and hours of research because people have already done it for you. All you need to do is invest in the right time where the price is not at its peak and when you found the right timing, all you need to do is patience and perseverance because the wait will gonna be long but surely have good results.

We are not talking about the retail investors at this time. Tesla and other companies think a lot before investing in any asset or currency.
Their decision for investment in bitcoin was right, and seeing the high returns many other investors will buy bitcoins. Right now only companies are buying bitcoin, i am thinking of a time when governments will buy bitcoin.

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Quote from: mk4 on October 14, 2021, 11:11:57 AM

Quote from: Lucius on October 14, 2021, 09:59:48 AM

If Tesla (EM) did not sell all that BTC, then it would be more accurate to say that it is an unrealized profit - and EM has stated that it has no intention of selling that BTC, although this may change at any time.

This lol. Technically, it really isn't considered as "profits" if the assets haven't been sold yet in the first place. It's quite misleading, but I guess Cointelegraph's goal was to make it misleading enough to trick people into talking about it, and here we are. 🤷‍♂️

We can call it a high-quality bait. As you mention, isn't profit if haven't been sold, so, it's a tricky word.

And one billion doesn't change anything to Elon Musk, he is at one point where isn't about money, his projects will keep growing and his fortune too.

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Quote from: rizqoAD on November 02, 2021, 11:08:27 AM

I think Tesla's decision to buy Bitcoin is a very appropriate step, because it has been proven that buying Bitcoin will provide benefits for the owner. this makes people or other large companies interested in investing in Bitcoin. This news is an impetus for other companies to join together to achieve success like Tesla. Currently Bitcoin investment has become very popular in the world, Bitcoin provides opportunities for people who want wealth but this is certainly not easy, because it takes effort and hard work.

Although Tesla investors/shareholders are the owners of the Bitcoin profit but their Bitcoin investment move was inspired by the MicroStrategy CEO who talk to Elon about the chance Tesla would have had if they invested in Bitcoin early before Elon and the board talked about it.

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I think Tesla's decision to buy Bitcoin is a very appropriate step, because it has been proven that buying Bitcoin will provide benefits for the owner. this makes people or other large companies interested in investing in Bitcoin. This news is an impetus for other companies to join together to achieve success like Tesla. Currently Bitcoin investment has become very popular in the world, Bitcoin provides opportunities for people who want wealth but this is certainly not easy, because it takes effort and hard work.

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