Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6150. (Read 26711069 times)

good thing I only bought 500 doggy coins

Crossing $42k was necessary to continue this rally. Tesla buying will prompt a whole new push upwards due to the acceptance that it is what the smart companies are doing.



Also, I was contemplating my next car. A plug in hybrid Pacifica or Rav4. I didn't consider Tesla because I want to be able to drive long distances.

But after Musk started tweeting positive things about Bitcoin I looked into Tesla. Looks like charging stations are common enough that I can drive most places no problem.

If I can buy a Tesla with bitcoin I'm buying one.

Or maybe Elon did.

He can do multiple BTC purchases using his Doge profits.


Look here goes nothing but he did this (at least I think he did)

Purchased Doge for years at 0.001 to 0.002 usd

it was easy for him to do this as doge was way under priced.

128,289,785,324  amount of doge available

https://coinmarketcap.com/currencies/dogecoin/

on  feb 17 2019 doge was worth 0.001974

So if he began buying doge then up until last

nov 15th 2020 doge was worth 0.002796

average purchase price of 0.002385

 1 billion coins is only 2,385000
10 billion coins is only 23,850,000


stack sales at 5, 6 ,7, 8 cents.

6.5 cent average

0.065 x 10,000,000,000 = 650,000,000

So that would let him buy the btc  fairly cheaply.

sin the first 650,000,000 really only cost him 23,850,000

Next step - integrate Bitcoin mining in Tesla while driving.

It's not doge for sh*ts and giggles. He's already seriously endorsed btc more than a week ago and said he regretted "not buying it earlier" which is a strong hint that he bought. And since he's loaded, he must have bought a lot. This time is a confirmation. He'll have to buy a way bigger chunk next time to pump it that much. Or he'll have to reveal a previously bought bunch

It's not doge for sh*ts and giggles. He's already seriously endorsed btc more than a week ago and said he regretted "not buying it earlier" which is a strong hint that he bought. And since he's loaded, he must have bought a lot. This time is a confirmation. He'll have to buy a way bigger chunk next time to pump it that much. Or he'll have to reveal a previously bought bunch

So after this pump, f2pool came around and sell massive btc to get under 40k again. I wouldn't wonder, if this will happen.

Some interesting read (partly offtopic) from a well-known nocoiner and permabear: https://www.gmo.com/europe/research-library/waiting-for-the-last-dance/

This guy is a major douche and he also claimed BTC was dead and a bubble several times but I could agree with some points regarding the stock market.  

Some more of him:

20. "What is the future value of the dividend stream of bitcoin? It is nil. It will never pay you a dividend. If you're desperate, can you eat it? No you can't. Its entire value is on the greater fool, is it not? So bitcoin could be worth $1 million a unit if you can find someone to pay it."

21. "Bitcoin is 100% faith. Come the next market phase where faith is at a minimum, what do we think will happen to a stock whose entire reason for existence is faith and nothing but faith?"

rOach? 

Yes I feel like this is a weak pump after such news. First Musk pump lasted shortly. Let's hope this one will be better.

We hold and may acquire digital assets that may be subject to volatile market prices, impairment and unique risks of loss.

In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.

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Bitcoin price reached $43k ...
Bitcoin.org creation date is 2008-08-18 13:19:55 UTC  
and 2+0+0+8+0+8+1+8+1+3+1+9+5+5 = 43 ...