Tesla make 1 billion profits from it Bitcoin holding - page 7.

tulusikhlas

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Quote from: Imran232 on October 14, 2021, 12:37:16 PM

Quote from: Lucius on October 14, 2021, 08:59:48 AM

............

Yes sir you are right. Now tesla has a little power in market to control the price. If Tesla holds the BTC, then this news creates more hype in the market. More hype means more companies and people coming to invest, and all because the bitcoin price will increase more. But though Elon Mask had a bad habit of creating fud tweets like what he had done previously, when the price was high, they created some useless tweets about bitcoin, and the market got crushed. Even if he creates any selling tweets right now, it might be another down sign. But I hope Elon won't do it again. He can say that he or Tesla will sell 5-20% of their holdings for the money to invest in their company. You don't need to say any useless words like "nature damage" or "something." Then proce might be stable. This is what I am thinking. But this is also a lesson that holders always win.

Or maybe Elon has no intention of dropping the price, what makes it go down is that his followers are crazy about the secrets behind the tweets, giving rise to mixed speculation. Doesn't that make quite a bit of sense when a large and loyal following of what is being tweeted has a different frequency of thought as well as some misunderstanding the flow of what Elon is referring to.

I do not side with anyone when there is no definite clarity if Elon himself does not reveal it clearly in public. Except for the meme coin which is clear, we don't need to reveal it anymore.
Let's just take the logic, with loyal followers always give birth to many different assumptions including followers of even big investors.

Imran232

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Quote from: Lucius on October 14, 2021, 08:59:48 AM

............

Yes sir you are right. Now tesla has a little power in market to control the price. If Tesla holds the BTC, then this news creates more hype in the market. More hype means more companies and people coming to invest, and all because the bitcoin price will increase more. But though Elon Mask had a bad habit of creating fud tweets like what he had done previously, when the price was high, they created some useless tweets about bitcoin, and the market got crushed. Even if he creates any selling tweets right now, it might be another down sign. But I hope Elon won't do it again. He can say that he or Tesla will sell 5-20% of their holdings for the money to invest in their company. You don't need to say any useless words like "nature damage" or "something." Then proce might be stable. This is what I am thinking. But this is also a lesson that holders always win.

NeuroticFish

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

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 Grin

DdmrDdmr

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Tesla's last two SEC filed quarterly reports were filed on a 27th, so perhaps the coming report will be available in a couple of weeks, where we’ll be able to see the formal data on their current bitcoin tenancy.

Incidently, Tesla celebrated it’s Annual Meeting a week ago, and although I’m not aware if bitcoin was mentioned in any way, there are 61 unanswered questions on their site related to bitcoin (see https://app.saytechnologies.com/tesla-2021-annual-meeting?filter=all&search=bitcoin&sort=num_shares), due to not being in the top questions represented by the shares of the voters.

DarkDays

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Quote from: Lucius on October 14, 2021, 08:59:48 AM

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 is an example of the level of potential profit one can make if he/she invests for the long term and with a large amount of money.

Yes, you may lose out on the opportunity cost (i.e. that something else you could have put that money into) but the risk is proportional to the reward.

So, the fact that $1B is the profit made so far shows that the risk taken would have been payed off if the coins were to be sold at today's price.

Is is also an example of the level of market power some people can have...

bekti3

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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 really care about the company.
and I don't think it has any effect for bitcoin because they are still holding the coin it will be a different story when they make a return.

DaveF

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The flip side is what the opportunity cost of having that money tied up in BTC, or any other place for that matter.

Could having extra cash on hand been better spent making sure that the cybertruck is not delayed (as it is now)
Or having more engineers & designers to get the replacement for the Model S which is 9 1/2 years old at this point which puts it way behind other cars.
And so on.

Not saying them having the BTC is bad, just that when you look at the potential $1 Billion in profit how much did they loose from having it tied up there.
They are a car / technology company not an investment company.

-Dave

mk4

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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.

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. 🤷‍♂️

Lucius

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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).

BIN-BIN

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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

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