Tesla make 1 billion profits from it Bitcoin holding - page 5.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: RILWAN on October 16, 2021, 09:01:09 AM

Quote from: mindrust on October 15, 2021, 01:58:21 PM

Apparently holding/trading bitcoin makes more money for tesla than building/selling cars. Which makes me wonder... why don't tesla dump their car business and become a full time bitcoin holder/trader? They would mage huge profits. The investors will be even rich. The stock price of tesla would go nuts. Tesla would become a huge crypto hedge fund being managed by Elon. Why get all the headache with EV's batteries and crap? Just buy and hold b-t-c.

Tesla has already gained many profits from its Bitcoin holding, even more than they growth network in a year and the time-space that tesla made this profits from Bitcoin within six months which shows positive signs.

Tesla has surely gained from its past holdings, aside from their bitcoin investment, a tesla car will surely cost you $83,740 USD I think that will be the cheapest one if I am not mistaking, from that viewpoint Tesla is surely a billion worth company and Elon Musk is sitting on it, and it is a huge possibility that his Cryptocurrency investment was just his fast time, he can surely buy Bitcoin even if the price is at bull run, and he can dump anytime he wants, but If I would put myself in Elon Musk's shoes, I would surely do the same as well, in getting on board on a boat ride with bitcoin and other cryptocurrencies.

Kodok Bencot

full member

Activity: 994

Merit: 101

The power of money is indeed king, what Tesla has produced is of course through a long journey so dare to buy more than 40k btc and I'm sure they have more than 100k bitcoins because various sources say there has been a large flow of transactions since April.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

Quote from: mindrust on October 15, 2021, 01:58:21 PM

Apparently holding/trading bitcoin makes more money for tesla than building/selling cars. Which makes me wonder... why don't tesla dump their car business and become a full time bitcoin holder/trader? They would mage huge profits. The investors will be even rich. The stock price of tesla would go nuts. Tesla would become a huge crypto hedge fund being managed by Elon. Why get all the headache with EV's batteries and crap? Just buy and hold b-t-c.

Tesla has already gained many profits from its Bitcoin holding, even more than they growth network in a year and the time-space that tesla made this profits from Bitcoin within six months which shows positive signs.

Sir Legend

sr. member

Activity: 1792

Merit: 255

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

This is a big profit, it even takes thousands of Tesla units to get big profits like now, the Tesla analyst team certainly deserves a high award and this is our inspiration to dare to invest in bitcoin or other cryptocurrencies.

Rampagoe004

sr. member

Activity: 1624

Merit: 339

https://duelbits.com/

The considerable profits they get in the not too distant future, although for Elon musk the $1 billion is not so big for him that they continue to maintain and they do not sell for now, and they believe the value of bitcoin will continue to increase so that the company will have a high possibility of adding to their assets in trading, Investing in the long term is indeed a greater risk but if the value of bitcoin increases as it is today then the benefits obtained are also large as felt by the Tesla company.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Wildwest on October 16, 2021, 06:13:35 AM

That is a very fantastic profit but if the sale has not happened then it has a high possibility that the profit is greater or will be reduced, In investing long term we have high hopes to get a profit even though the risk we face is also very high but we also have to be ready in any situation do not panic easily because price changes always occur all the time, Although for now the tesla company only gets a profit that is still realized but I am sure they will sell it as soon as possible.

That is not a surprise if Tesla is making a huge profit from bitcoin because they can buy bitcoin in any amount with a large amount of money. They can sell some of their bitcoin to get their money back and buy back again after the correction comes. But I do not think they want to sell it right now because they have a long-term target to sell their bitcoin. It is an example of what the big company did and even if we can not do the same as them, we can trying with small money and not going to sell in the short term.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Quote from: Wildwest on October 16, 2021, 06:13:35 AM

That is a very fantastic profit but if the sale has not happened then it has a high possibility that the profit is greater or will be reduced, In investing long term we have high hopes to get a profit even though the risk we face is also very high but we also have to be ready in any situation do not panic easily because price changes always occur all the time, Although for now the tesla company only gets a profit that is still realized but I am sure they will sell it as soon as possible.

As long as Tesla has not sold the Bitcoin they own, it can't actually be said to be profitable. Because the price of Bitcoin can fall suddenly, then what
Tesla has to do is immediately sell the Bitcoin they have. If Tesla doesn't sell Bitcoin immediately, there are two possibilities, the first if the price of
Bitcoin goes up Tesla can make a bigger profit and the second possibility is that their profit will decrease because the price of Bitcoin goes down.
I also think like you, Tesla will soon sell the Bitcoin they have, because their goal is to invest in Bitcoin to make a profit. So with the price of Bitcoin
now already high, I'm sure Tesla will not miss the opportunity to take profit. The question is how much Bitcoin they will sell, whether they sell all of it
or only sell part of it. This is only Elon Musk and other Tesla shareholders who know about it.

Wildwest

sr. member

Activity: 1701

Merit: 308

That is a very fantastic profit but if the sale has not happened then it has a high possibility that the profit is greater or will be reduced, In investing long term we have high hopes to get a profit even though the risk we face is also very high but we also have to be ready in any situation do not panic easily because price changes always occur all the time, Although for now the tesla company only gets a profit that is still realized but I am sure they will sell it as soon as possible.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: tyz on October 16, 2021, 05:23:09 AM

Quote from: mk4 on October 14, 2021, 10:11:57 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.

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. 🤷‍♂️

Yep, it's just book value.

But teaching people this is really difficult. I recently had a case with a friend. He had bought Doge and in the meantime he had a "profit" of about 120%, but he had not sold and now stands at -10%. He complained it's not fair that all of his profit is gone now

I then told him there is no profit until you sell. So you never made a profit, and so you never lost a profit. He looked at me like I was out of this world.

Typical newbie mistake and they complain nor regret their action made that's why its good not to be greedy since market is not always shooting up, that's why sometimes newbie should realize that they should learn to take profit while they are in learning process yet and they do the hodl beliefs if they became a experience trader since for sure they will not complain about negative outcome on their decisions.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: tyz on October 16, 2021, 05:23:09 AM

~snip~

I agree, most people are prone to panic when they see that their investment is losing value, and just then you need to be mentally strong and realize that you won’t lose anything if you don’t really sell at that point. Although following examples from the past, those who bought BTC in late 2017 and decided not to sell had to wait several years to recoup their investment or make a profit - which is a rather difficult task, especially for those who invest the money they need in everyday life.

tyz

legendary

Activity: 3360

Merit: 1533

Quote from: mk4 on October 14, 2021, 10:11:57 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.

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. 🤷‍♂️

Yep, it's just book value.

But teaching people this is really difficult. I recently had a case with a friend. He had bought Doge and in the meantime he had a "profit" of about 120%, but he had not sold and now stands at -10%. He complained it's not fair that all of his profit is gone now

I then told him there is no profit until you sell. So you never made a profit, and so you never lost a profit. He looked at me like I was out of this world.

perfect999

sr. member

Activity: 1694

Merit: 299

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

The price of bitcoin has been increasing this week, and the last twenty four hours it has already reached over $60,000 in price. The last time that I have checked,it is around $59,000 and I know by tomorrow it’s likely to reach that $60,000 again.

I am not surprised that companies are making huge profit now. I even thought that Tesla was going to sell the coins that they bought then because of what happened WITH Elon Musk saying that bitcoin is not a good cryptocurrency and the bitcoin community coming for him after he said that, and many people started to think that Tesla have sold their coins, I’m surprised that they are still holding it.

mindrust

legendary

Activity: 3276

Merit: 2442

Apparently holding/trading bitcoin makes more money for tesla than building/selling cars. Which makes me wonder... why don't tesla dump their car business and become a full time bitcoin holder/trader? They would mage huge profits. The investors will be even rich. The stock price of tesla would go nuts. Tesla would become a huge crypto hedge fund being managed by Elon. Why get all the headache with EV's batteries and crap? Just buy and hold b-t-c.

Gyfts

legendary

Activity: 2828

Merit: 1515

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).

I think the point is the unrealized gains are after Musk trashed Bitcoin for being ineffective energy wise, meanwhile they continue to hold crypto knowing well they can profit from it. If Musk truly believed crypto was worthless and an energy waste, I'm not sure why his company would retain their Bitcoin savings. The 10 percent sell off isn't very significant. Their holding because they know the coins have value, despite what Musk wants to say.

bekti3

member

Activity: 1078

Merit: 15

Quote from: BIN-BIN on October 14, 2021, 01:07:15 PM

Quote from: bekti3 on October 14, 2021, 11:27:23 AM

i read the article linked by the OP and i got dizzy with the explanation of the article.
and in this news I don't think it will affect bitcoin even if they for or lose I don't care about the company.
and I don't think it has any effect on bitcoin because they are still holding the coin it will be a different story when they make a return.

43,200 BTC is enough to affect the market but on a short-term basis, and tesla was one of the first companies that publicly adopt Bitcoin and also buying a big amount of Bitcoin which is the center of the topic.

they at that time wanted to create hype and fomo for bitcoin like they did with doge but it seems btc is too strong to beat

And you're saying that $43k when adopted has an effect in the short term? it's just his followers who enter btc hoping to make a profit.
you are too naive to expect testla with a total adoption of $43k to correct the market.

Timelord2067

legendary

Activity: 3696

Merit: 2219

💲🏎️💨🚓

OP: Feel free to add this piece of code to your first post:

Code:

[url=https://youmeandbtc.com/bitcoin-converter][img]https://youmeandbtc.com/bitcoin-converter-php.php?dir=frombtc&val=43200.000&cur=usd&btctype=btc&exchange=Bitstamp&dec=8&bgc=DDEEFF&txtc=111133[/img][/url]

Which gives you a fairly accurate value of what those 43,200 Bitcoin are currently worth.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

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

Good for them that they've got profit already and it's all on them if they'll dump those soon and take their profits to fund some other project which they usually do. But since they haven't sold it and this is like a paper profit, if the market starts to drop and it's a huge drop/correction that we see, we will have a guess that it's going to be Tesla has been dropping their bombs to the market and started to take huge profit from the actual capital that they've got.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

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

A billion of UNREALIZED PROFITS.
At least Cointelegraph specified that these are unrealized profits that Tesla got since they aren't selling their Bitcoins at this moment and right now, they have no intentions of selling it.

I'm thinking if what will be the effect if Tesla said to the public that "It is a hard decision but we will sell the Bitcoins that we are holding for the betterment of the company" Cheesy

. Not exactly the same but you get the point. Maybe it will have a huge effect into the investors themselves and possible negative. It might also create a more selling pressure thus, causing the price of Bitcoin to go even lower. This might not happen though and the opposite might happen as well. We don't know but I'm curious with it.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: yhiaali3 on October 14, 2021, 08:07:20 PM

Elon Musk must be very happy now!!! But I do not know if after these huge profits that his company achieved as a result of storing bitcoins, he will continue to worry about bitcoin polluting the environment??!!!
These profits must make him forget the environment permanently!!! His statements were the reason for Bitcoin to drop at that time from its historical peak, but here is the Bitcoin back again and soon it will exceed its previous peak and of course Tesla will continue to make more profits!!!

It seem like Elon Musk isn't one of those environmentalist so it's entirely possible he could ignore it even though we've all heard his comment about bitcoin mining being considered polluting the environment has become FUD and lowered the price of bitcoin instantly. But after the noise died down, we were all back on the good track and now bitcoin price is almost on par with ATH before. I might be a little worried about the possible FUD that will occur during this uptrend so I think some caution should still be taken. Although it seem that many people don't care enough about that now after the China ban didn't have a big impact on bitcoin but vigilance remain to be considered especially for us day trader.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Leviathan.007 on October 15, 2021, 05:46:52 AM

As we know Tesla didn't actually get any profits yet, because we can't be a hundred percent sure if Tesla sold the bitcoins or not...

https://bitcointalksearch.org/topic/m.58178897

Quote

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).

Information that can be read in post number 2 of this topic, which is proof that you haven’t read anything more than the title and maybe the first post. We are discussing the facts, speculation on this topic is really unnecessary.

Topic: Tesla make 1 billion profits from it Bitcoin holding - page 5. (Read 860 times)