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, recently, they said and they didn't sell any bitcoins yet and if they really didn't sell the bitcoins the didn't exit the market with pockets full of money. If they really didn't sell, and the price goes down and fall more than the price they really bought they may even lose some money, however, we don't know and can't be sure when the bought bitcoin and we can't be sure if they did take any profit or not.
Topic: Tesla make 1 billion profits from it Bitcoin holding - page 6. (Read 795 times)
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.
You are obviously sticking to the story you read in that article, even though the amount you are quoting is not very likely to be correct. However, regardless of the difference of 2000 BTC, the total amount in itself means nothing looking at the total BTC market, and even if Tesla decides to sell everything, we would find out in a month or two, because such quantities are sold mainly through OTC.
It is true that Tesla is individually the largest publicly known purchase if we take fiat value as the primary factor, but months before Tesla another player bought 21 454 BTC, and proved much more intelligent if we consider that he paid only $250 million for them - and Tesla is paid as much as $750 million for the same amount.
A much more important thing in all this is that EM decided to remove Bitcoin as a means of payment from Tesla, and that sent a very bad signal to the public - is Bitcoin so bad (looking at the environmental impact) that we don't use it as a currency? Of course not, every user of this forum who has read a few meaningful posts on this topic knows that.
So in my opinion, EM has done more harm than good to Bitcoin when all his moves are analyzed - and many have lost a lot of money following him in his woof-woof adventure.
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!!!
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!!!
Elon is a hypocrite. He promoted a very inefficient coin (Doge) after blasting Bitcoin with the excuse of power consumption. We did the mistake by trusting this loser. He made billions of USD from Bitcoin, and then badmouthed the very asset that provided him with these profits (thereby causing losses to ordinary Bitcoin users). But the good thing is that no one takes him seriously these days. He made too may twists and turns, and people lost their trust in him. I would say that, it is a positive development.
And in the end, it was still bitcoin and those who "trusted" on it won.
It just exposed how close minded these billionaires are, as we have said, just for the sake of making money. However, this businessman are known to be very smart so I doubt that he will simply sell their holdings. They are just going to keep it somewhere because they are going for a long term investment. They have been making billions already, so why the rush of selling it right now when they can still double their money in the next 3 months?
If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
If you really want to, you can always stay afraid that this or that will sell. Nobody stops you from that.
But would it make sense economically to sell now if they don't really need that money? I don't think so. Not yet.
Well, if you turned the table round, I think you'll see it as a profit either way. If they choose to sell, they'll make out their cash and wait for the next bearish season so they'll increase what they bag. That's a profit, except that they said they won't be selling any of their holdings which we cannot vouch for. 
I would indeed see it as profit. But such a big company probably has people with more experience in handling values and they will stay real.
And, as I said, I think that they will not rush to sell if they don't have to, in the same way the banks don't sell and re-buy their gold based on market moves.
I believe Tesla makes more than 1 billion profits from bitcoin holding because we do not know the right amount of bitcoin.
They could use the other wallet to hide the total amount of bitcoin they held because it would be too risky to tell the public how many bitcoins they have.
But 1 billion is a lot of money and only the whales involved in bitcoin from a long time ago have that amount.
While we can only accumulate from a small part of a satoshi, they can sell it right away at the current price.
Yes, Tesla or Elon is very happy now seeing how much bitcoin price reaches until today.
They could use the other wallet to hide the total amount of bitcoin they held because it would be too risky to tell the public how many bitcoins they have.
But 1 billion is a lot of money and only the whales involved in bitcoin from a long time ago have that amount.
While we can only accumulate from a small part of a satoshi, they can sell it right away at the current price.
Yes, Tesla or Elon is very happy now seeing how much bitcoin price reaches until today.
If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
Elon said that the remaining bitcoin purchases of Tesla was for long-term holding. And, let's not forget that Elon already sold in the past, so if they were to sell again, I'd guess that the market effect wouldn't be too drastic as you're describing.
And as far as I can remember, they've sold before to "test the market liquidity", so I guess they've got the results they wanted already and most likely it passed on their side.
So yeah, they are here for the long term, and it has proven a good move on Tesla and all other companies that decided to hedge there assets on bitcoin and put in on their balance sheet.
If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
Elon said that the remaining bitcoin purchases of Tesla was for long-term holding. And, let's not forget that Elon already sold in the past, so if they were to sell again, I'd guess that the market effect wouldn't be too drastic as you're describing.
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!!!
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!!!
Elon is a hypocrite. He promoted a very inefficient coin (Doge) after blasting Bitcoin with the excuse of power consumption. We did the mistake by trusting this loser. He made billions of USD from Bitcoin, and then badmouthed the very asset that provided him with these profits (thereby causing losses to ordinary Bitcoin users). But the good thing is that no one takes him seriously these days. He made too may twists and turns, and people lost their trust in him. I would say that, it is a positive development.
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!!!
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!!!
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. 🤷♂️
And the same thing when people see their portfolio going down, getting in red and say that they have lost money in the market because the price goes down.
And yet they failed to realized that it is not a lost because they actually haven't sold any. So this should be a lesson to everyone. Don't call it a profit or lost when you don't sold.
As usual, Cointelegraph and any other crypto media for that matter is pure click-bait.
that is 1 billion dollars profits at the present Bitcoin price.
That's only on the paper. As people said, unrealized profit.
1 BTC = 1 BTC. As long as they don't sell, there's no actual profit to talk about.
Nice bullish (for newbies) news though
Well, if you turned the table round, I think you'll see it as a profit either way. If they choose to sell, they'll make out their cash and wait for the next bearish season so they'll increase what they bag. That's a profit, except that they said they won't be selling any of their holdings which we cannot vouch for.
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. 🤷♂️
are just unrealized profits or still have the tendency to be reduced or wont really be that accurate unless if they would decide to convert then thats the exact moment we could say that they had earned that much.
On the other hand in talkings about this matter then this is something one of the benefits when you do invest on bitcoin and tesla had trusted bitcoin when it was still on 32k+ in price and now the price
had risen up then this is one of the benefits that they had get.
I can agree that we can't call this as profits as they haven't sold it yet. So the news is just highlighting the possible scenario if in case Tesla will sell their bitcoin holdings. But this news is giving false hope to some new users that bitcoin can indeed give them high profits. However, they should know that it still depends on their strategy how they can get the same possible fate in this market.
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. 🤷♂️
are just unrealized profits or still have the tendency to be reduced or wont really be that accurate unless if they would decide to convert then thats the exact moment we could say that they had earned that much.
On the other hand in talkings about this matter then this is something one of the benefits when you do invest on bitcoin and tesla had trusted bitcoin when it was still on 32k+ in price and now the price
had risen up then this is one of the benefits that they had get.
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.
This was my first thought too, but journalists like to count someone's unrealized gains and losses, titles like "billionaires made trillions in last year" actually mean the same thing as in this article. And I think in this case it's a positive thing, because people who will hear that Elon Musk made a billion from Bitcoin could get interested and eventually buy their first coins too.
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
Bought at $43,200 to the current price $58k, that is really in big profit supposedly but somehow they just hold it which is just turn a dream. As Tesla company doesn't have a plan to sell their Bitcoins, there is no such thing as PROFIT. Credit: https://cointelegraph.com/news/elon-musk-s-tesla-is-already-1-billion-in-profit-from-holding-bitcoin
Well, that Cointelegraph is doing something to divert the mind of the people, they wanted to encourage people to buy Bitcoin and be like Tesla who assumes to have in huge profit by simply just holding which is not in real life.
that is 1 billion dollars profits at the present Bitcoin price.
That's only on the paper. As people said, unrealized profit.
1 BTC = 1 BTC. As long as they don't sell, there's no actual profit to talk about.
Nice bullish (for newbies) news though
If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
The reason is when the price drop and there is someone dropping their bags, other holders will also grab the opportunity to accumulate bitcoin and it could happen the bitcoin price will bounce back again. But I don't think Elon Musk will cut their profit at this early stage, perhaps they are long-term holders and want to gain more profit. For now, there is no real profit because they are not selling, --it is unrealized profit, ideed.
that is 1 billion dollars profits at the present Bitcoin price.
That's only on the paper. As people said, unrealized profit.
1 BTC = 1 BTC. As long as they don't sell, there's no actual profit to talk about.
Nice bullish (for newbies) news though
They will think it will be sold, of course not and will still be hold by Tesla.
Sometimes they misjudge the title with profit, the fact is that it is only an estimate now if it is sold at a price of $58k, it is clear that Tesla will get a big profit, but this can make FUD news because maybe some if you don't understand the content of the article, they will continue to sell it all even though the reality is no.
There is no profit if it is not sold, and I think Tesla will still hold it in the long term.
that is 1 billion dollars profits at the present Bitcoin price.
That's only on the paper. As people said, unrealized profit.
1 BTC = 1 BTC. As long as they don't sell, there's no actual profit to talk about.
Nice bullish (for newbies) news though
If Elon decides to drop his bags today, the market will suffer a massive tragedy, perhaps even greater than the last Covid 19 dump.
The future of bitcoin is something to keep an eye on, especially now that Elon Musk leads the pack of billionaire wolves.
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.
Every investor is here in the market to make a huge profit and Tesla already booked their profit a while back and i am sure they recovered the capital they invested and who knows when they will be booking the rest of the profit. What we need to understand is that there are multiple institutional investors in the market and when they will be booking their profit is unknown and once they do the market will turn upside down. 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. 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.
Jump to: