Tesla make 1 billion profits from it Bitcoin holding - page 3.

blatchcorn

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Quote from: yazher on November 01, 2021, 11:00:24 PM

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.

One more thing I wanna add is that Tesla earned 1 billion usd profit on investment that must be in billions usd (may be 10 billion usd or 20 billion usd). We can earn similar or even more profits in terms of percentage. As you said its about right timing, 100 dollars invested at right time can give you 50% ROI that will be more then what Tesla got. Focus on timing and your profit %, don't see the amount of profit.

yazher

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Quote from: Kadal Ijo on November 01, 2021, 05:12:36 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.

elisabetheva

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Quote from: Kadal Ijo on November 01, 2021, 05:12:36 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 is certain that what Tesla has done will be followed by other institutions, because seeing the fact that holding bitcoin will certainly make its own profits because of the nature of bitcoin which is always increasing every time, and Tesla has known.
Tesla, apart from accommodating the purchase of vehicles with bitcoins, has also purchased bitcoins to be used as investments and the impact is now visible.

Of course, if institutions continue to move to buy bitcoin, it is certain that the increase in the price of bitcoin will be very significant and the possibility that bitcoin can reach prices exceeding $100K can be done. because of course investors will also compete to save bitcoin for a certain period of time until it increases and then sell it if it feels like it has made a profit.

Yamifoud

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Quote from: dezoel on November 01, 2021, 03:27:48 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.

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.

dezoel

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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.

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.

Kadal Ijo

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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 .

RILWAN

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Quote from: Alanaz on October 31, 2021, 11:22:48 AM

Quote from: RILWAN on October 30, 2021, 11:38:33 PM

Quote from: worldofcoins on October 18, 2021, 04:26:14 PM

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

From the news I read, Tesla is at its final stage of development to start accepting crypto payment again and the reason the cryptocurrency payment on Tesla was suspended at first was not stated but from the look of things the company has realized how vital it is for the company to accept Bitcoin. So am sure before the end of the year Tesla will resume Bitcoin payment.

This plan has even been mentioned in the financial statements for the third quarter of 2021 which they submitted to the SEC.
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.

Yes the plan of Tesla Bitcoin gateway is mentioned in several news outlets and this is going to happen any moment from now as Bitcoin is one of the assets Tesla have invested on heavily lately. And their holding have yielded good profits in the recent Bitcoin bull run.

eaLiTy

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Quote from: mindrust on October 31, 2021, 11:32:12 AM

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Soon democrats in the US will tax those unrealized gains as well and then it won't look as good as it does now.

I am watching all the craziness that is going on in the US and i cannot understand what a demented Biden administration is doing giving away free money to people to break the law and to sit at home without any work and they want to impose high tax on anyone who is working hard. Bunch of idiots who might make an impact globally.

Quote from: mindrust on October 31, 2021, 11:32:12 AM

If this proposal becomes law then expect a very sharp drop in the stocks market, not only tesla and that will probably trigger a drop in crypto too. Commies are going full retard on profits.

If it becomes a law then everything will be affected including the cryptocurrency market. I hope it will not pass as a law because these stupid laws implemented in the US can have a global impact as some of the stupid governments around the world will follow them.

mindrust

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Quote from: qwertyup23 on October 31, 2021, 09:48:55 AM

Quote from: Lucius on October 14, 2021, 08:59:48 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. In addition, Tesla appears to have bought a total of 46 000 BTC at an average price of $32 610, but sold 10%, so the total amount of BTC is now 41 400 currently worth 2.375 billion.

Quote from: https://fortune.com/2021/05/19/elon-musk-bitcoin-bet-tesla-carbon-footprint-crypto/

In Q4 of last year, Musk purchased $1.5 billion in Bitcoin in one of the most adventurous moves ever undertaken by a corporate treasury. CFO Zach Kirkhorn praised the gambit as "a good place to place some of our cash that's not being used, and get a good return on that." By my math, Tesla bought 46,000 coins at an average price of $32,610. In mid-March, it sold 10% of its holdings, around 4,100 coins, at an average price of almost $60,000, booking a profit of $128 million (reduced to $101 million by an "impairment" charge).

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

Soon democrats in the US will tax those unrealized gains as well and then it won't look as good as it does now.

https://www.bloomberg.com/news/articles/2021-10-26/democrats-new-tax-target-is-5-trillion-in-billionaire-wealth

Quote

With their latest tax proposal, Democrats are going after an elusive target: U.S. billionaires, and their growing piles of untaxed investment gains.

If this proposal becomes law then expect a very sharp drop in the stocks market, not only tesla and that will probably trigger a drop in crypto too. Commies are going full retard on profits.

Alanaz

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Quote from: RILWAN on October 30, 2021, 11:38:33 PM

Quote from: worldofcoins on October 18, 2021, 04:26:14 PM

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

From the news I read, Tesla is at its final stage of development to start accepting crypto payment again and the reason the cryptocurrency payment on Tesla was suspended at first was not stated but from the look of things the company has realized how vital it is for the company to accept Bitcoin. So am sure before the end of the year Tesla will resume Bitcoin payment.

This plan has even been mentioned in the financial statements for the third quarter of 2021 which they submitted to the SEC.
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.

Lucius

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Quote from: Kakmakr on October 31, 2021, 01:52:38 AM

Well, If Tesla decided to sell their 43,200 Bitcoins now... it will push the price down... and they will not have a 1 Billion Dollar profit. You cannot just dump that amount of coins on the markets and expect the price to stay the same.

Well, do you think that such a sale would take place on the open market? There is an OTC for such things, and that is the way that the company bought BTC back in Q4 2020, and it became known only a few months later.

Quote from: Kakmakr on October 31, 2021, 01:52:38 AM

Tesla will be clever enough to dump small amounts over a longer period... to get the most profit out of those coins. They will also make sure that they do not mess with the liquidity of the market to sell those coins. Wink

They are in a win-win situation no matter from which angle we look - because it is ideal to sell and then bring down the price and buy again cheaply. EM is a businessman who only cares about profit, I don't know why people believe that he has some great sympathy for Bitcoin, it's an investment for him like any other.

Does anyone know how much free money his company gets as an incentive from the government?

Quote from: https://www.forbes.com/sites/alanohnsman/2020/07/28/elon-musk-is-government-subsidy-critic-but-teslas-q2-results-were-helped-by-covid-19-aid/

The company is also the top beneficiary of indirect government subsidies in the form of sales of pollution credits–including California ZEV credits, U.S. Corporate Average Fuel Economy credits and more recently European Union carbon credits–to automakers that need them. To date, Tesla has reported $3.1 billion in lucrative credit sales, which are essentially free money.

oHnK

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Quote from: qwertyup23 on October 31, 2021, 09:48:55 AM

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

We know what is the difference between gain and unrealized gain exactly, but the media don't think as what we think about it. They just think how to reach their viewers target on the news that they published. I don't shock with the news, this is just about perception difference. As a smart reader, We may be able to provide a better opinion to corroborate data that should not be concluded from erroneous quotations.

qwertyup23

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Quote from: Lucius on October 14, 2021, 08:59:48 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. In addition, Tesla appears to have bought a total of 46 000 BTC at an average price of $32 610, but sold 10%, so the total amount of BTC is now 41 400 currently worth 2.375 billion.

Quote from: https://fortune.com/2021/05/19/elon-musk-bitcoin-bet-tesla-carbon-footprint-crypto/

In Q4 of last year, Musk purchased $1.5 billion in Bitcoin in one of the most adventurous moves ever undertaken by a corporate treasury. CFO Zach Kirkhorn praised the gambit as "a good place to place some of our cash that's not being used, and get a good return on that." By my math, Tesla bought 46,000 coins at an average price of $32,610. In mid-March, it sold 10% of its holdings, around 4,100 coins, at an average price of almost $60,000, booking a profit of $128 million (reduced to $101 million by an "impairment" charge).

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

Jawadu

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I'm not surprised for Elon Musk to make 1 billion profit from Bitcoin because I remember in February he was all over the news after he bought more than 40K BTC and all we remember at that time BTC had what price! But I believe he did not sell all BTC that he bought, maybe he sold some amount so that he can get his capital back and then keep holding the rest. Rich people have many ways to be richer, lol.

Kakmakr

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Well, If Tesla decided to sell their 43,200 Bitcoins now... it will push the price down... and they will not have a 1 Billion Dollar profit. You cannot just dump that amount of coins on the markets and expect the price to stay the same.

Tesla will be clever enough to dump small amounts over a longer period... to get the most profit out of those coins. They will also make sure that they do not mess with the liquidity of the market to sell those coins. Wink

worle1bm

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Quote from: GeorgeJohn on October 18, 2021, 04:49:40 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.

Actually investors only secure large profit whenever the price of cryptocurrencies get increase to any step, but it really depends on the time the investor purchase the cryptocurrency , which is one of the major reason or advantages while people are encouraged to purchase any cryptocurrency when it decrease in value, right now it's very obvious that all the coins is appreciating due to the market structure now, any investor who purchased it when it was thirty four to forty thousand (34k to 40k) have made a profit.

Not only tesla many other companies who have hold onto their btc holding have made huge profits in billions like MicroStrategy and have made enough profits that they have not made in so many years and that's insane growth.This all came with bitcoin climbing up to ATH and moreover the companies make DCA investment and their average price is also low so they make more profits also.But in the end the main concern is to invest.

RILWAN

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Quote from: worldofcoins on October 18, 2021, 04:26:14 PM

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

From the news I read, Tesla is at its final stage of development to start accepting crypto payment again and the reason the cryptocurrency payment on Tesla was suspended at first was not stated but from the look of things the company has realized how vital it is for the company to accept Bitcoin. So am sure before the end of the year Tesla will resume Bitcoin payment.

mindrust

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Quote from: 7788bitcoin on October 17, 2021, 03:16:40 PM

Quote from: Huppercase on October 17, 2021, 06:51:18 AM

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Nobody is talking about the profit taking. If Tesla decides to take their profit, will the market be strong enough to take the sell pressure?
Remember it's not just Tesla who is in profit there are already Microstrategy who are also holding bitcoin as well as other private companies, it will be an earthquake to the market if they all want to sell.

There are multiple institutional investors who are holding billions of dollars worth of Bitcoin, Tesla and MicroStrategy are just two of the big investors and Tesla even booked some of their profit during the last rally and they will book their profit any time and since a company like Tesla earned a huge profit expect more companies to come forward during the next rally.

Michael Saylor is such a brilliant man. He recently advised the Central Bank of Turkey to buy bitcoin. He said something like: "If the Central Bank of Turkey buys $5 billion now, in a few years they will have $50 billion." He trusts bitcoin that much. Truly heartwarming a billionaire like him backing bitcoin with his billions. Elon too. If a few smart billionaires join this movement, bitcoin will hit $1m very fast.

GeorgeJohn

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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.

Actually investors only secure large profit whenever the price of cryptocurrencies get increase to any step, but it really depends on the time the investor purchase the cryptocurrency , which is one of the major reason or advantages while people are encouraged to purchase any cryptocurrency when it decrease in value, right now it's very obvious that all the coins is appreciating due to the market structure now, any investor who purchased it when it was thirty four to forty thousand (34k to 40k) have made a profit.

worldofcoins

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If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

Topic: Tesla make 1 billion profits from it Bitcoin holding - page 3. (Read 860 times)