Bitcoin Forum

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!

and tesla sales paid with Bitcoin are  ot being transferred to FIAT.

The vast majority settle for what they have even though they complain, they cannot
see a way out when they know they want something different, Bitcoin can be seen
as an unknown risk.

All it takes is a little education

To take the OnePlus motto "Never Settle"

There is 2 thing what we have to admit no.1 everyone is coming here or invest in crypto to make profit. That means when he got profit he can exit. What is doing everyone. Tesla is doing same because tesla just taking out a percent of profit not the whole investment. Because he might needs funds to better his business. So why he can't take? And he is still holding bitcoin. Do you know why elon make billions of dollars. Because he knows how to make money?  Where he can make money? And if they know that place they don't take exit from there they just take a little break. Where bitcoin made elon masks investment double then why he will leave. They know if they exit the whole market will crush badly. Its a strategy of stock market too. And 2nd thing he confessed that he sold only 10% from his profit not the whole investment. To make a balance on bitcoin liquidity. So in my opinion its not a bad step because now lots of people take entry too. Other people’s opinion could be different. Thank you.

Whatever if it's Tesla or Microstrategy, do you really believe them when they brag on Twitter saying "we're here for a long time! HODL!"?
Nope, they're here to make profits, not for charity. They will take any opportunity to make money, no matter how the market is going. They will keep buying and selling later.
(I read that the Tesla company sold 10% of its bitcoin portfolio)


Just as the majority of people in the crypto sphere: only interested in speculating on Bitcoin and a big bag of shitcoins, but have zero real use.
A lot of them don't even have their own wallet, they keep storing their coins in exchange platforms and use it as their first and unique wallet.

Just as Tesla did and let be honest, in their own shoes we would do the same. Unless you don't want that your company makes money.
This said, companies shouldn't be blamed because they're 'full of money and own thousands and thousands of BTC. I believe it's called the "success".
If we are not rich like them, blame ourselves

Do these people have a choice? It's hard to ride the whale activity.

Let these stupid people you are referring to come up and make their own strategy. They can turn that situation into an advantage if properly executed.

Mind your own business.

I guess it would be dumb to expect something else from a big company like Tesla. They needed people to hodl, so they did everything to raise overall trust towards Bitcoin. But when the time came..they started making a profit, it's just business, they probably could've lost millions if they acted otherwise.
However, I'm surprised that Tesla did it so soon, did they also succumb to the widespread nonsense that the market will go bearish?
On the other hand, 10% isn't that much, Tesla still kept the majority of its Bitcoin holdings.

It's the nature of man. The more money you have the more powerful you could have. More BTC more powerful you could be in the future.

The doge is Elon's toy, this is why we always remind investors it's just a meme coin created as a joke. The developer of doge confirmed is something they just did for fun but eventually, a lot are using it. And Elon just tried to make it funnier while he tries to profit from it.

Thats nornal they are not doing a charitable adoption they are here to gain profits, this is similar to us if we think the profits is good then we will decide to sell it. And don't make it as an issue since it just tesla is big company thats why its been on the spotlight recently. If people afraid about this kind of scenario better they shouldn't listen what fud they are spreading and always stick to your plan on trading to gain.

They have tons of money to spend to crypto, and they will happily take any profit-making opportunity they can get their hands on and that's how most businessmen's minds work. In the case of Tesla, they have a powerful head figure in Elon Musk which can literally influence market movements very easily. They can capitalize on that fact, also on their balance sheets in order to purchase crypto and sell it in the shadows if they wanted to. Not every one of us have the money to begin with to take a risk on crypto, but these guys can do it any day of the week.

People have their own perspective and even if a billionaire decides to sell his bitcoin, there is no reason for us to do the same thing.  Of course, billionaires also need to profit to maintain their enterprise but in a long run, bitcoin always increases the price. It is up to an individual whether he wants to hold bitcoin for a long term or sell it for a short run profit

People in crypto space is smarter than what you think.
Don't you think people doesn't see it?
Man, this ain't charity as everybody says. The moment they buy Bitcoin or any other alts in the crypto market, without even saying a single word, It's very obvious they are here for the profit. I mean who doesn't?
The only difference a multi billionaire investors against the medium investors, is the amount of profit that has been gained depends on the capital. And, of course it's very obvious who's going to win.

Why should we bothered?

That's common and they're not the only one that's free to take profits even a small holder like me can do it at any preferred time that I want.

Just take a look from 2018 up to this date for the price of bitcoin, isn't that a price that we should be grateful to see even if there are whales cashing out?

Correct, Tesla sold a total of $274M of crypto. However, if you thought a company with as many capital needs as Tesla was going to just sit on bitcoin forever, then that's kind of on you for having unreasonable expectations.  Overall, this amounted to less than 10% of Tesla's bitcoin being sold. 

Isn't some users here are the same? They have profited out of bitcoin too so what is the difference of Tesla and the other retail investors? We are not blind, it's just that we see that taking  profits is a normal thing for any investing, you need to grow up and accept that this is the reality, if we were blind though, could you do anything to stop Tesla from profiting out bitcoin?

The reasonable people here need to keep a healthy distance from people like OP who chug the Koolaid and work themselves into a lather about anyone who doesn't think in the same unreasonable terms as them. Bitcoin would probably have a better reputation and wider adoption if so many people advocating for it didn't act like they were in a cult.

And what is your issue with this?

Everybody can get into Bitcoin for whatever reason they want. Bitcoin is no religion with strict dogma and rules. If you want to convert your Bitcoin to fiat because it has already grown much in fiat value, then go ahead with it and feel very smart for doing so.

I, too, have gone through the same strategy. I was as smart as the billionaires you said to have invested in crypto and took profit. I, too, sold a good portion of my Bitcoin funds when Bitcoin price rose to $8,000, to $10,000, and then to $11,000, and so on. Look where I am now! I miss them and I now want to buy them back and keep it longer but I can only wish I have enough money to do so because they're all getting unaffordable.

They are in it for the profit, this becomes common sense - but as we know common sense is not that common.

I expect the same with dogecoin too, the amount of hype surrounding dogecoin, youtubers talking about it, specially Musk sponsored channels talking about it, I decided it was time to sell and book a profit from Doge and I am happy to do that.

Bad thing is that if some big investor makes it public that they sold, they are actually expecting a response on the market too. Usually these buy/sells are done clandestinely without telling the public. Hence probably they are expecting a dump to happen in the market later today. Good chance to buy for those who are crying about missing out.

If you also want to make a profit, you have to enter the cycle at the correct time and exit at the correct time. ;)

Is there something wrong with Kool-Aid?  I like their mascot Kool-Aid man. Distancing is one way to address problem with OP but the better alternative in my opinion is to understand the argument and try to put your argument against them to have a healthy discussion and hopefully have OP change his/her perspective on the subject or at the least acknowledge it.

Of course there are so many blind people and of course the rich are profiting off these opportunities. It's literally multiplying your wealth by mentioning one word in a tweet. One must be silly not to do it when they know it works.

But this thing is itself a mega opportunity for you. If you see there are so many blind people, take some action before they wake back up to reality. While they're taking care of their shitcoins, you go and invest in real coins instead. Be a few staps ahead of everyone else.

So what are you suggesting? Yeah Big investors are here to profit What about you? what are you doing here?

Don't be stupid enough and Accept the fact that we are all here to Make money , from smallest investors to the Biggest.

So don't feel Loser when they Bag money and you don't because this is a Trading community and all are wanting to make money.

What a crock of shit. And why are you in bitcoin? If you have any. For a charitable cause? What has made Bitcoin successful is the profitability and that is why so many people invest in it. Then we can talk about the alternative to the current monetary system, etc., but if it were not for how profitable it has been, it would no longer exist today. It would be a failed project.

I dont understand if there are still people that dont think that, People or institutions make investment for profits. I understand how some most claim they feel about the technology but I have always believed that every one gets into investing, be it in Cryptocurrency or what ever because they want to make profit so it is not surprising if they take some profits. 

Taking profit in what way? From Crypto to fiat?
Well, I think the profit taking should be done in  a way that does not cause panic to people. This is one of reasons I believe it important that Bitcoin is used more within the Bitcoin economy (mostly decentralized economy) and only sell for fiat occasionally  especially when you need some money for other important things you can't get on the Bitcoin economy.
  If you can't afford to have much of your fund in Bitcoin then don't invest too much. Better to Invest some of the little cash you have lying around on Bitcoin once in a while rather than spending them on things that are bad for you or things you don't need. Investing amount you can afford to risk would help you stay calm during high volatility or turbulence.

I don't see you minding your own business mate, isn't that why you replied to my post? The reason why I believe this is a good advice is because many newbies have the thought that people like Elon musk will forever be holding their coins even when price is surging, I'm only advising then to take some profits at least..

And what's your advice here? To be honest, I don't understand the point of your thread, and I don't see any advice here...
People are free to do whatever they want with their coins... we are free to do what we want with our coins! Musk is just rich and popular, so his moves are followed and discussed, when he makes a profit it's usually big, but he risks more money at the same time!

Basically, you call me stupid because I am not bothered with rich people taking profit from crypto? Well, I am not! I don't care about them, what they do is good marketing for crypto, and that's the only important thing in my opinion! If you think these rich people can move the market with their actions you can follow them... at least they tweet about their buying and selling, so you can buy and sell when they do that, and you will make a profit! Probably a lot less, you will risk less money and you will make less profit!

And in the end, why would anyone hold their coins forever?! Do you plan to take them on "another world"?! You make money to spend money and enjoy life, to buy yourself comfort, to invest further in the things you like more, or mean more to you... coins or fiat, gold or tomato, you cash out what you have (if you have) when you need it, for whatever, it's on you!

I mean, what do you expect? they're putting their money to crypto for some reasons and charity is definitely not one of the reason. I'm more surprised of why people so shocked by the fact that tesla is cashing out their money when they see they could get the profit. The other instutional investors also definitely gonna eventually take profit and it's just matter of time but if they are holding long term by then the market gonna be strong enough to not massively affected by the institutional investors dumping. The most important thing is that the market could sustain the sell off and it seems to be recovering though slowly.

I do see it like kind of "prepared" balance sheet to satisfy tesla investors. They need to "escape" from the investors' negative sentiment for their involvement in cryptocurrencies as investments in cryptocurrencies is Elon Musk's personal fantasy and got nothing to be part of an automobile company. So, when they say they are in profits due to that $1.5 Billion crypto investments then no more questions will be raised.

I agree these profits may be from dogecoin manipulation or from bitcoin investments still it is from crypto space and this does not mean that Tesla or Elon Musk will no more involve into crypto space. They may continue as usual but here after Tesla share holders may not blame like before.

There is a particular thing you should know. Many of those (in fact more than 70%) who got into bitcoin and cryptocurrencies at large did so in the bid to make profits. So I find it not surprising that even Tesla made that much profits just from crypto.
It is, however, possible that the sale of crypto isn't just from bitcoin alone. There might have been some other crypto in their portfolio.
In addition, it is noteworthy to know that Elon Musk shouldn't be confused with Tesla even though he owns it.

I think they are taking a quite naïve approach to bitcoin and crypto. We all know that it is not too difficult to speculate with bitcoin and that you can potentially play the pump and dump, however that approach is far from being the best in bitcoin history. Those who hodl have had a bumpy ride, yet they have profited greatly basically doing nothing except waiting.

I think that contrary to all intuition, the right way of doing things in bitcoin is to expect to profit without doing anything. Just buy some, live your life as usual and that is pretty much it.

What exactly do you want to say with your post?
People are investing into cryptocurrencies to make profits.Is this wrong?Do they have to buy crypto coins for another reason?The investors aren't buying coins for charity.They aren't buying coins,because they like blockchain technology or cryptography.They buy,because they want profits.
Anyone has the right to chill and hype any coin or stock he/she wants to hype.Everybody has a personal opinion.Everyone chooses to trust or distrust the opinions of other people.
Why should people be bothered of Tesla making profits from crypto trading?Is this wrong or illegal?

Yes, the best example of this is Elon Musk and his company Tesla in which they are putting their money into crypto investments to become more billionaires. All of the hype and trolling that Elon Musk is doing is just a show in order to make a gype on Twitter especially in the market. Maybe people are brightly seeing this kind of actions but yet they are unaware of this kind of actions made by famous people and big investors like Elon Musk.

Are we forgetting how Elon Musk Manipulated the crowd through twitter??
Let's be clear about one thing.
Most people are here for the profits.
Not just tesla but normal people on the forum also. It's actually why anyone tries anything these days, at the same time it's not wrong As Long as they take care of the community as a whole. For me what taking care of the community is :
1. Educating more people about it
2. Not making the dump worse
Now who can indeed make the dump worse ?
-Whales
If there is a dump of even 1-2% what whales might do is mass dump everything to actually save their savings and at the end of the day what they are doing is pushing other holders and people down the drain.
Now what they can do is :
Keep holding which can maintain the price, it would be stable for most of the part and at the end of the day if they do want to sell they should do in parts. Having this much share of the market is a big responsibility.
End of the story : there is nothing that we can do about these whales and big companies.

Yeah, they are not doing for the benefits of crytpo space nor for this community but for their own. No one will care others when it comes finance. So, being careful is most important thing and also how effectively we are going to make use of their hype will be the key here.

We could not expect them to become long-term holders or as we cannot prohibit them from participating in this crypto space; I mean nothing is out of our control but expecting them to sell off at any time and planning our investment according to that will definitely help us without getting trapped by their plans.

I like your mind, it's looking at the business angle, and it's all about profit nothing more than that. They use the bitcoin condition without being part of those fighting for Bitcoin rights. Actually there are no friends in business. Like Tesla and some big companies. What they wanted to gain was the profit from what they held and exchanged for Fiat. It's just a bus stop, waiting and going, coming back cheap then going again. As long as they take advantage of this condition, there is only one answer, which depends on the profit offered..

Eben though tesla bought a lot of Bitcoin's, it's just a small size compared to the overall market. We saw in the last few days that the bitcoin price dropped a lot,just to rebound again. Should we all be selling our coins just because Elon Musk is doing it? I don't think so. Let him take his profit and leave the market, we are here for the long haul.

You are right, the point is that according to our individual needs we cannot manage, they have the right to sell or hold. while it does not disturb the order of the holders and does not spread excessive FOMO. sometimes many people spread FOMO and tweet immediately sell your Bitcoin. whereas they themselves hold it back and profit from the sales of other people tempted by FOMO. as if spreading panic.
so please, do it according to their interests and needs. while not harming many parties.

You cant blame those who have a soft handed mentalities. These people are afraid to lose money in any case necessary. I believe what they also have is just an exact amount to live their daily lives unlike these billionaires who could lose something and not care much about it. Put up their shoes and you'll see.

Do you really think any company are going to invest in Crypto currencies for the "utility" or for "charity"? These companies can obviously see profit potential in Crypto currencies and they will chase those profits.

Elon Musk also said, "I did not sell any of my bitcoins" ...Why did he tweet that?... because he knows something is going to happen in the future with his companies or other companies and it is obviously going to be done with bitcoins. (He will sell, when the Moon happens)  ::)

We cannot fully use our own opinion about the price of bitcoin and altcoin because we also have to follow what the biggest investors like Tesla are doing. if we follow what the richest investors do, we will definitely get the same benefits as them, therefore we have a lot to learn from experienced investors.

Unfortunately, many new traders think they are here to continue to hold onto BTC.  Even though clearly, the crypto market is a very liquid hangs market with very high volatility.  They understand very well that this is not a long-term type of market like gold and stocks.  They are here to create trends and issues so that prices go up crazy since their arrival and then they sell their top assets.  This is a very common strategy but it is considered charity.

These huge businesses that are entering bitcoin are not after charity or other things that may benefit others, they are here for the profits no matter how wealthy they are right now. It's more of reserving for the stock market that they may use for future references. Tesla's sales are being converted into fiat soon after but the rest for sure are being held. They can be considered as whales already and most of their actions can either beneficial or detrimental for the market. Just like how a normal investor would do, billionaires would also do so just to make sure money will never stop coming into their pockets. Money is everything in the world right now so at some point, we'll find their actions justifiable.

Yes everyone is investing their money to make profits no matter who is that person so why someone should think that they are helping them too, it happens sometimes if you follow their strategies but build your own strategies to make your money instead of following others.

You already said it, they invested to make profit then why should anyone be bothered for that reason, isn't it their investment! They have right to take profit just like retailers and traders do,
When they invested everyone was happy because that period btc price went up, if they decide to take small profit from the investment I don't think that's such a bad thing, they support btc and accept btc for payment is also important.

I do agree that they are only doing it for the money. They do not care about the tech, they do not care about the community, they do not care about the fiat world not being fair, I mean they do not care about anything at all except the profit that it makes, that is the important part. I mean as long as they make even few million dollars from their billions of dollars, they will keep investing into it.

The good part is, at least for us the good part, they will keep investing when they see the price lower, and that means a lot, it means that they are interested in crypto and that means they will keep investing into it as well and the lower the price goes the more they buy and that prevents the price to go down too much. Look at all the falls we had in the past one year and you will see that whenever it goes down, they end up buying more and prevent it going down too much.

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

I understand that he meant that purpose of bitcoin is not making money but ensuring freedom through decentralization but rich and large companies are misusing bitcoin for some other benefits. But no one could do anything about that. When some people are deviating the concept of bitcoin for some other benefits, it is still decentralization based system and no one could do anything about that.

Probably in near future, there could be some changes to be implemented by bitcoin foundation if they see that current scenario is not good for future of bitcoin ecosystem. But we need to agree that bitcoin was created for micro-payments but as it is designed by keeping gold in mind, it is turned as digital asset.

Just the same goal with us, those billionaires are here to take profits, they won't start investing if they didn't see the potential of this industry.

Same with your understanding, if those rich people are capable in cashingout profits, same with normal people they are also capable if they'll also take it seriously the same way rich people take this opportunities.

Everything depends from how you conceptualized and take things according to your better understanding.

Only it's not just large companies and rich people, that use Bitcoin for profit, wouldn't you agree? No one can avoid the temptation for making some good money on crypto, I'm sure that 90% of this forum members use crypto for their benefits as well, and there's nothing bad about it, though it slightly differs from what Bitcoin was meant for. However, it's not fair of us to blame large investors for the same thing, why should they give up on making money for the sake of ideology, when no one else does so?
Also, even though a sell-out may affect the price negatively, the very fact that world-renowned companies acknowledge Bitcoin has a positive overall impact. So I figure it's better they but and sell for the sake of profit rather than stay out of the crypto world.

Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this.

Are you angry that they sold before you?
Are you angry that they didn't keep their bitcoins till it reached 100k and you could have made twice the profits in half the waiting time?

Probably you haven't learned something about Bitcoin that you should have, it gives you freedom, freedom of doing whatever you want with it as those are your bitcoins, your keys, your decision. A permissionless blockchain, you know what that means? That there is no bouncer at the door to tell you you're not allowed to do that and this.

The more I see people getting triggered by what others do with their coins the more I'm getting the feeling a lot of users have misunderstood what freedom means and they are trying to impose their own views on that, where everybody is allowed to do only what they think is right. Fortunately, it doesn't work that way. Don't delude yourself you're holding for a greater good, nobody buys this anymore.


I've always found explaining to some people what's the difference between running a company and investing the extra money from your paycheck in crypto or stocks or whatever one of the most tiresome tasks ever. And this seems to be one for the wrong place on doing so..


Then sell, what are you waiting for?  ;D Do as Tesla did!

Are you sure there are actually profits in Tesla's bottom line?  Or, is it just that the price of bitcoin has risen and (on paper) the market capitalisation of those coins makes it appear as though Tesla is doing fine?  If I had funds to invest in bricks and mortar stocks, I *might* invest in Tesla, but it wouldn't be the only stock I invest in.

what Tesla did was right, like a business, the main thing is to make a profit. and buy at a low price selling it at a high price is still the principle in trading. they make big profits selling bitcoin and they can hedge funds to other businesses

I'm thinking that we are thinking the same way now regarding this companies :D. Now Tesla is the first one to did it.

Well you said it already that billionaires and huge establishments are just here for the sake of money because after all, cryptocurrency is still a speculative asset. They see crypto as a good way to make money so what did they do? Hyped the whole market, bought some Bitcoins and waiting for the time that they will sell it into our face. When this happen, social media platforms especially reddit will be flooded with some sad posts regarding them losing their money because of these companies.

After all, they still have the choice to sell it whenever they want too. Do we need to blame them?? I don't think so because there is nothing to blame here but yourself. Those "blind" or for me I call them "ignorant" investors will always be there and they are the ones who will lose money the most.

Sadly that's not true at all, the time you realize that it's the big investors that made the move in the market you're already too late, it's like when they are dumping and you try to follow them but the market is all already in red, meanwhile when they try to make an entry to the market and decides to buy the price is already too high due to their pump not to mention the capital difference with becomes a factor whether you gonna make profit or not.
Just try to follow the whales movement, you just gonna lose all your money, there's reason why they sometimes manipulate people into panic selling as well after they dumping their coin, it's because they want to buy back at lower price.

True, people are making it a bigger deal than it actually is, see the market didn't even shake when they dumping hundred millions of dollar before they disclosing it to the public. Now that everyone knows, people becomes panicky afraid that tesla might have betrayed their expectation meanwhile taking profit is what exactly they gonna do  ;D
In crypto market, market activity such as making buy order or sell order are weaker than influence of external factors like these. People should learn to chill and not too influenced by big investors' decision.

Rightly said and until we understand that every one that came to invest in Bitcoin came for the profits and is expected at some point in the market that they will take their profit and even if they did take their profit it is OK, some investors will continue to panic and crash the market with dumps even more than the Institution that took profit.

Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.

We are  all here to make profits and gains, even the big boss like Elon musk and others don't just invest in crypto for nothing sake, they want to double their investment too so don't bother warning people to take profits or not, once bear market starts and many funds are stuck people thinking will change once again, everyone understands the risk of investing in crypto and that's why they are doing it anyways, the higher the risk the higher the reward they say.

Whales like Tesla would naturally seek personal gain. and I think this is a clever step, where in just a moment Tesla can reap fantastic profits, and I think that's what we should imitate. I think this is a good step for cryptocurrency, where companies have started using it so that in the future it can grow

In my opinion it is already into growing because of those big companies. What we need at this moment is, making sure we are investing in bitcoin and any other known coins so that even big companies are pulling off their share, market will not be affected that much or even if it get affected, there are a lot of possibilities for recovery which is not the case for a random coins.

So, we need to stick within reputed coins and we should not go for a random coins because of those companies are entering.

Someday other cpmpanies like tesla will invest in crypto and we cant stop the adoption of cryptocurrency to other businesses special now that we are pandemic situation that all payments are on online. It will big benefit to them and also to us .I think you pointed is they are billioner and still they got rich because of crypto..

What's supposed to be the reaction of the people in the crypto space should be regarding Tesla selling some of their bitcoin to prove liquidity and get this, the people doesn't have a contribution to the bitcoin bought by Tesla so what are we supposed to react, should the people go apeshit that Tesla spent their own bitcoin?

Just take profit and don't be greedy. All of us are also taking profit depends on how much we bet on trading and this is because of them who continuously helping or shilling cryptocurrency in the whole world. That's also the reason why some countries are now legalizing the use of cryptocurrency because of how those huge companies adopt bitcoin. Yes, they're profiting from bitcoin's rise, but we can't deny that they're also the reason it's growing and still breaking the all-time high. Go with the tide, and if you think they're going to dump, sell and buy the dip again; that's how the market works, and whales will still exist.

Some of us are already hodling altcoins, and the collapse of bitcoin may have an impact on the altcoin, making it bearish, as everyone has seen lately. The cryptocurrency craze continues thanks to those who choose to support it.

Also, keep in mind that only 10% of Tesla's bitcoin has been solved to demonstrate bitcoin's liquidity, which may attract many more buyers. :)
We aren't blind, we're doing research. Always DYOR in trading mates, don't blame the huge investors when some dumps are happening.

Well why are we arguing on this? They are here to take the profits and we are also here to take the profits. I don't blame the Tesla strartegy at all. I mean if I had such product and money in wallet then yeah why not I would have gone crazy for my profits.
Lets not forget that we are actually getting some portion of this all the time when the market moves up and down everyday. This basically happens when rich people are making some moves.
We can always benefit from them so why should we be bothered. Just imagine if they decided to take out all of their money then we would not even exist to trade.

Lolz.

It's their right to sell whenever they see fit, and it doesn't even seem to affect the price much, so why be concerned about that? I do think that Musk is more of a believer in Bitcoin than he used to be, so they're probably hodling some coins long-term. What's also good is Tesla accepting Bitcoin as payment for their cars. I guess they're just taking the most out of Bitcoin, using it for trading, as a long-term investment as promoting it as a form of payment. I'm honestly fine with that being the case.

Not all have the extra resources to invest in and hold for years. They would rather buy foods first and prioritize their needs rather than go to investing. Some dont even know Bitcoin. Many external reasons are also present so don't judge those who have no interest and don't call them stupid. You're just lucky you have food in your table, clothes to wear with shoes to wear. Others dont have that.

Believe me, a lot are bothered but never bothered to say things as you since they know well enough it'll make them look dumb. This is the cryptocurrency industry, whatever you do with your coins or profits, no one can stop you. The guy clearly wanted to take profits to make sure and so he did. There is a reason why he became as successful as he is now. And so instead of whining, I believe people should learn more about this experience and be mindful of things so they can ride the tides better alongside whales and not drown.

Of course everyone is going for the profit. If not, what's the use of all of these? The profit is main attraction of bitcoin in my opinion. I think other who said they use bitcoin since it's anonymous or convenient and such is only a minority. And even if tesla went for the profit, what's the problem? of course a company want profit for them, there's no way they are only doing it for charity by making bitcoin popular. Anyway we're still getting advantage from their action as well, so i don't think we should be angry, we should grab the opportunity as well if it comes.

I understand people who made a lot of profit and just want to take out and leave, however I do not understand people who get out when they are at a loss. Some say that they get scared and that is the reason but the reality is that I do not believe that the panic sales are that much of a problem, consider the fact that the price will always have down days even weeks, if you know what bitcoin is capable of you should know that we are talking about something that will eventually make a profit in the long run, so even if there are down days, it should mean that there should be up days as well and that is why people should be capable of profiting from this even if there are periods when they have unrealized loss.

Only reasonable approach to selling in my mind is if you think the profit is good enough and you just want to take out and live with that.

If you are here for making profit from crypto, then what's wrong with the billionaires trying to make profit from it? It's a decentralized free market. Anyone can join it. You can't stop them. Why should we be bothered that they are taking profit? Will you be bothered if I take profit from crypto? At least with them investing, more people are now knowing about crypto currencies. Tesla took some profit from crypto, but at least they are also accepting crypto as a payment method. Look at the bright side. Stop taking everything negatively.

Anyone who invests in Bitcoin must have the main goal is to be able to make a profit, likewise with what was done by Tesla. Why does Tesla invest
in Bitcoin in large amounts, it is certain that Tesla is eyeing a large profit too. Therefore, if they are now taking profit, there is nothing to worry
about. Because we are also going to do the same thing with what Tesla did, and as you said we as Bitcoin holders are very profitable with Tesla
investing in Bitcoin. Since the price of Bitcoin can go up very high, we should take this opportunity for taking profit as well.

Why should I care?

Say I bought Bitcoin @20000 or even sub 30, Tesla bought for 30+ and sold @60. They made profit, I made more profit. Why should I be bothered?

Do you even think about how many people bought @3000 and sold @20000? We still went above 20 after 2 years of bear market. I see no reason to sell because Tesla sold just as I did not see any reason to buy because Tesla bought.

If you followed them with your buy you can also follow them with your sell, be my guest.

If Tesla decides to sell all the bitcoin in their holdings, I have this believe that bitcoin would remain bitcoin and will grow as time goes especially those who are have always hold for long term.
Every investment has a an entry price and exit strategy everyone used which is favourable for them, you can't detect for anyone when to sell and how to sell. It's their choice.
The only sensible thing I can draw from your point is opportunity cost but this work most of the time fro traders and not long term holders. We have some investors who don't check their wallet for almost a year. They don't care about the price for now but long term especially inflation.

That's true, indeed bitcoin is for long term investment. Yeah most bitcoin's user out there who hold bitcoin for at least two years will already got a lot of profit from their holding. Take a look with the bitcoin price two years ago, its price just touched $10.000 and trying to increase becuse its price is been able to touched $10.000 barrier after a huge crash two years back.

But, it is depend on the situation. Bitcoin price is more volatile than traditional investment place. We can see a huge different if we compare with the traditional investor, although its price just pumped then the price increase will not touch 100% or more than it. So, as the solution we need to pay attention that selling our holding is a good way when bitcoin meet a huge increase. There is a chance for bitcoin fall again since most crypto user will be afraid that the previous event just come again.

and with regards to selling some portion of btc by tesla, elon clarified that it is only about 10% of tesla's holdings. maybe just want to prove something to his investors about the liquidity of bitcoin market. and yes, everyone is free to do what he wants with his btc holdings. after all, we are in the free market.
we cant expect these institutions to hold long term, if they see good opportunity, they may or may not take it. but crypto market doesnt revolve around them. there's more out there. so we should not confine ourselves to what may happen to crypto because of these few known companies that are into BTC

It's their rights to make some profit and even if people keep on complaining they won't do a single shit about what they're doing. Some people can't accept the fact that they are making profit but didn't realized that they were investing more than what we people can and we should be happy to see Bitcoin pump to this level of price if not because of their investment.

Be a billionaire first then invest to Bitcoin if you want a long term investment for your future. Elon Musk and Tesla dod it for the plan of holding in a long term so it's not that bad if they would just want to get some profit from their investment.

Well thats true, they invest to profit but majority of us has the same goal too right?

Tesla already sold 10% of their bitcoin and somehow it has an impact to the market knowing that they invested huge amount.

Its their way to take advantage the market and I dont see anything wrong. We all have the mindset to gain from our investment and so thats what they are doing.

People who are not yet investing to Bitcoin or chose to ignore Bitcoin are not stupid, we have different choices in life, we just have to respect it and mind our own business. You can't force them to do the same even though Tesla already making profits on cryptocurrency, who knows they are just afraid of risking their money on it because it's just enough on their every day living, you can't blame them though.

We have different timelines and no one should rush each other to make a fortune. Let them do what they want to do, they'll make money in their own ways.

I don’t think there is anybody that can say that their reason for being here is not for the profit. Of course I do know that there can be other reasons , like using it as a payment method, but everyone has plans to make profit and this is no different with the billionaires that you’re talking about, they all have plans to make profit from their investment, they didn’t invest money in the market to lose it, no matter how much they try to hype.

Hyping it is even an advantage to them as a lot of people who see them hype these coins are going to pick interest and be investing in them and as the value is growing, the more money that these billionaires are going to be making, even more than those of us that are low and average investors.

Well I think it is time to wake up almost everyone in crypto industry enter to gain profit not just those billionaires,
Even the small investor enter here for profit so you couldn't blame them for taking up their profit.
Even you would take some profit or sell your crypto to Fiat when you need it.
It is normal in crypto or we who have seen this type of things happen or anticipated it aren't bothered because we know that it is normal to take profit are considered to be STUPID?

You could be right and this means Elon is here only for the profits, however even if he is then who can blame him? Is it not that the reason 99% of the people that come to the market right now have to enter the market? However it seems Elon is stating that he did this to prove to some people on his company that selling his bitcoin was as easily as it was to buy it, it seems some people at his company were worried they were stuck in bitcoin and he decided to sell to prove them wrong.

Agree with you on this.  Although, Elon and Tesla are the ones who are driving a hot trend with bitcoin and the crypto world.  He remains the protagonist of a huge mental urge and impact on bitcoin's value, Doge.  But no one knows, whether Elon will maintain or recreate their shares in bitcoin.  Billgate even said Yes to bitcoin, but would not follow Elon's game.  Benefits, Profits are the main things that make up our ambition.  DYOR and do not let emotions govern by abuse!

Everyone wants to gain profit but not everyone is capable of it because we all need capital and that's the edge of huge companies like Tesla. That's the reason why some people say that rich people become richer because they could grab this kind of opportunity easily. We aren't blind not to see this but we can't do anything about it. Elon is taking advantage of the opportunity but no one could ask him to stop because we all have the freedom to invest and take profits.

Tesla became unstoppable whales. no matter what price Tesla buys bitcoin, the power to increase the price of bitcoin will be very large because of the influence of Elon Musk which provides a very fast stimulus for price increases, he is very influential.

Those who have large capital are able to arrange and drive the price according to what they want. We as traders or small investors and with minimal capital, of course, can only follow them. Be like them (whales) and follow in their footsteps.

Don't be swayed by FOMO, take your profits immediately and get out of the market.

I prefer to call it an institutional investor rather than just Tesla. Right now I think institutional investor have control over the bitcoin price because they have the power to pump up the price as well as dump the price. It is all because they have a lot of financial strength to represent their company. Their investment move is a good strategy for generating growing adoption and increasing the confidence of other investor in bitcoin. Meanwhile, we as trader can also take advantage of this moment to take profit of the sizeable price spike.

Because they won't keep their bitcoin forever, it's still possible to see a drop in price when some bitcoin are sold like Tesla did before. For this reason, it is a good idea to take profit of a fluctuating market.

Arent these things been known already? Of course they do jump off into this market for making out money just like on average joe been doing and this isnt something to be surprised on.

There's no need for you to be smart to tell that they are just coming here for profits.There might be some thinking about adoption or supporting but you cant really deny the fact
that we do all aim for the same reason.

It isnt being blind but rather these are just common things.People doesnt really need or necessarily to react because its way too obvious man.

especially as small traders like us, who should be able to follow the rhythm of the waves of the whales' game. lest we go against the flow of their journey, because it can endanger ourselves. we have to be careful for now, where big investors will not hold their investment continuously, and in essence they are looking for profit

it's not that we can't, but we need to do it step by step. you don't need to be rich to start, many bounty hunters are now looking for capital and then use it for trading and storing their coins little by little will benefit,

I believe that just following the flow of whales will be beneficial for small traders. At the same time individual investors should not expect whales to be holding forever. These days even individual investors are not ready to hold for long period because they want to keep multiplying their capital instead of waiting for a long period, so obviously institution and whales may book profits at some point of time and individuals should be making decisions just before them to ensure maximum benefits.

Improving your chances will helps you to grab this opportunities, but like what the post above said, rich people have

a much higher chance to grab since they do have enough funds to invest, that advantages really seperate rich and

ordinary investors. Musk is really taking everything he's enjoying while benefiting from his chosen venue of investment,

must need to create our own system to get our share.

Koolaid is a euphemism for people who are in a cult. You can't reason with people in a cult, that's why they're in a cult in the first place; they're incapable of logical reasoning. So no, it's a waste of time. You identify the cult members and you stay clear of them and don't take anything they say seriously.

Following whales is one way to go, but for the past 6 months or so, buying when the price crashes and selling when it can't go up anymore has been a great strategy and that has worked all the time but more obvious these days. I mean think about it, you are basically just watching. If you see the price crashing, let it crash and when you see that the price stops and doesn't go down anymore, it just gets stuck or even maybe slightly higher, at that point you end up buying.

After that you start waiting for it to go up, and it reaches to a point where for nearly a week it doesn't go up anymore, and that is when you end up selling it at the top. This has happened god knows how many times in a row now and people are still fearing when it goes down, and hopeful when it goes up, I have seen people buy at 60k+ and sell when it is under 50k with fear, those are the only people who could make a loss during such a great market.

It is created for a single purpose which is to earn profit from the people that use it just like the dogecoin. Even government wants to earn money from the people who know about cryptocurrency and use it. Elon musk did grab the opportunity to earn profit because of the hot trend and many people are even asking if dogecoin will reach $1 at the end of april or at the end of 2021.

Tesla, MicroStrategy, Grayscale like any of us invest in bitcoin for profit. The distribution is fair and we give thanks to its creator Satoshi for making bitcoin possible. Because the traditional means of protecting capital from inflation and making a profit is doubtful in many ways. As long as big companies like Tesla win in bitcoin, the better our future and the economy will be.

Tesla already joins to the world of cryptocurrency and by that, they need to take advantage, if you are one who got encouraged with their bitcoin payment to have a tesla I think this becomes a failure soon because the market volatile the market can reach up the 100k USD prediction and I think if you hold those coins than buying one tesla this might help you to buy more than that. Right now there are another promising from Elon and company which is the Doge with the target of 1 USD is this just a trap or rocket investment no one knows.

Yes these are the only viable things, those individual investors and traders could do against those institutions/corporate/whales. We know why those big people are participating in crypto space but how effectively we are competing against them are just moving along with them is up to individual crypto people's capability and preferences.

Overall, everyone how is continuously monitoring all the news and events of crypto space, definitely aware of institutions hand in crypto markets but I believe they must be prepared themselves to face the consequences in positive manner.

If there's no utility or importance of something, no matter how much hype it gets, it gets stabilized and not get any influence after a certain period of time because people stop responding, so I don't think the price fluctuations of crypto is totally because of the influence of the likes of Elon Musk. Yes, dogecoin was pumped to a lot of degree but that's also because it had the potential, else it wouldn't simply jump that much. Remember, once Trump when he was the President called Bitcoin a scam, and am sure a President's remark can influence much more than a businessman's words can, yet Bitcoin didn't plummet!

Everyone wants to make profit and so is Elon musk and his company tesla. The only thing which makes them distinguish is that they have the monetary control and power. They can buy a lot of bitcoins to pump the price but at the same time they can dump a lot of bitcoin to make the market move in their direction.

They can and will manipulate he market with all the money they have. You can see one example where Elon musk is manipulating the Dogecoin price with his tweets. You never know how much he is earning by such pumps and dumps by trading dogecoin at the backend.

So I will interpret that we will only be a small thing for those who really buy without being hindered by the amount of money in their wallets. At least we want to try to move forward one step at a time. even though all these people feel to be like them.


They had indeed prepared all this without thinking to buy in large quantities. They will have a team that is always active to see the prices that will appear every time.

To be sincere I think all of us also wants to get that profit, if we are given the chance we will still do the same. And of course I do know for sure that a lot of us are making use of it for transactions and purchasing things online, but even at that we also invest money and we expect profit from it. If you were these billionaires I don’t think you will like to throw off your money in Bitcoin and leave it there, you will still come to a point where you will decide that you should take profit after the price goes up.

My advice will be that you take profit when you can. That’s what I do, because I have other works that I do, I take my profit and invest in other businesses and also invest in bitcoin when I can. It’s as simple as that.

even though we believe in bitcoin, we also have to be vigilant, because anything can happen here. I am also piribadi only a small part of the assets I have for investing in bitcoin, because here it is very risky, and of course I also share the level of risk in managing my assets, so that everything is safe under control

With you having that belief , then yes Elon And Tesla is stupidly on the top .


But if you really understand market? Elon has nothing to do with this , Instead it is the other traders and Holders that make the difference now.

There is a FUD comes recently about Elon/Tesla selling the Bitcoin on their Hands but see? bitcoin continues to prove its strength .

I like your approach of taking a profit when you can or need the money. I try to do the same. The only difference for me is that I want to keep the money in crypto currencies. I will sell a coin if I need money for a new project, but I don't want to go for fiat money again. My trust in fiat money was lost during the last big crisis. Now all I see is rising debt levels each year with no end insight.

Very well said. Billionaires did not enter the market just for fun or anything, they were here because of profit as we do. There will be a point where they are going to take profit and with that amount of holding they have there's a possibility that we might enter the bear cycle that is why before then enjoy the moments where you can take a pretty decent amount of profit take as much as can because we don't know what they're thinking. Though there is no sign of selling out right now still we should be always prepared.

I know that, but I think it is normal. Even we here to gain profit from cryptocurrency. Atleast Tesla give big positive sentiments for cryptocurrency market. Many news spread about tesla bought bitcoin, which mean that tesla give many benefits for cryptocurrency market. If we make a valuation about the news about bitcoin that caused by tesla then I think it is fair enough. Normally we should pay thousands or million dollar to make advertisements about bitcoin but we can get it free because of tesla.

What can people do about it? Whine at Musk's social medias? Crypto currency is a free market and investors can enter and exit anytime they wish. Nobody is forced to hold for the long run or until all other investors give them permission to start selling their holdings. Investors are here to make profit from their investments and it's not going to be different with Elon Musk. We can just hope his interest goes further than just flat profit and that he is a man of his word, fulfilling his promise of holding most of his personal and his company's bitcoins for the long run.

You don’t have to worry that much my dear friend. If they profit, there will be a time that they won’t. They would exit after gaining but the aftermath is that, they will enjoy it and will come back to try it again. There will be times that they had to wait long in order to say that they gained profit already and exit.
 
Instead of being annoyed with the system, I guess you should know how to get along with it so you will not become the stupid people you mentioned that are not bothered. You will only hate it when you don’t benefit at all. So I think that’s the reason why you have this reaction.  Change  your side so you won’t be a hater.

Look at Elon Musk and Warren Buffet, Elon Musk took a side and took advantage of Cryptocurrency Warren did not and started to hate it. Who won it? It’s Elon since getting profit is just a bonus, having fun is the main deal.

In my opinion, this is understandable. Any institutional investors invest their money in cryptocurrency not out of love for it, but for the sake of making a profit. Therefore, they will sell it at any time if, based on market movements, they deem it necessary to maintain or increase their profits. At first I thought that even though Elon Musk was doing it out of interest in cryptocurrency or sports pleasure, however, judging by his recent actions, he is the same as other businessmen. Moreover, his actions are even in many respects contradictory and illogical.

Welll... that was known to everyone. What were you thinking about Elon? Did you thought that he pumped Bitcoin just because he was attracted to it? Afterall, he is the second richest individual in this planet. And from what I have seen, the richer you are, the greedier you become. And Elon is not an exception. He wants to use cryptocurrency as a tool to increase his wealth. He is least bothered about the well being of cryptocurrency or its users. And let's not forget this - Mark Zuckerberg already tried this and failed.

Which means that like always we need to be very vigilant of what we do, just because a person is rich does not mean that he is a good person, we know that Musk cares only about himself and his companies, everything else is secondary to him, so I do not see why people still follow him when this is so obvious, but I suppose those people do not really have any other way to try to obtain profits from the markets, which is funny in a way because if they had left Musk alone and not listen to him then they will be in better shape and at least they will still have their fiat.

I am here for profit too, but nobody complaint about it. Company should use their capital wisely so their money will not stop circulating. They have to invest their money. But the point is the big company like Tesla choose Bitcoin as one of their investment. In my opinion, if there is nothing special in bitcoin then I am not sure that Tesla will invest in it. The thing that must be underlined is Bitcoin is profitable enough so it can be one of the top investment choice.

If you’re realizing that now, then I’m sorry to say that you’re late lol. I have been saying that for a long time that all those billionaires just wants to take advantage of cryptocurrency’s volatile nature and use it as a means to get even more rich and nothing else.

It’s just like when I saw a tweet that motivated Elon Musk to invest in Bitcoin, it was coming from one of his fellow billionaires (someone posted it here once) and he was telling Elon Musk that he can increase his money within a short time by investing in cryptocurrency and he also asked to meet him to share his portfolio. So that means he already planned all these things before investing. They are all about just making more and nothing else, they don’t care about cryptocurrency.

I believe whoever comes in crypto the first goal is to make profits. Even how rich you are, you are not really here for crypto but the money that you can gained from it. Remember, rich people are even smarter than poor ones when it comes to money matters. They will definitely make ways so that they can keep adding more wealth into their possessions.

With Tesla engaging into crypto, Elon Musk is the person behind it. Before it decided to start accepting bitcoin as a payment, i think everything has been planned already. Now, Tesla has gained huge profits from crypto investment but some people are still blind to see.

Wasn't there a report about Tesla making more from Bitcoin than they had ever made from making and selling cars?

Upon seeing this thread's topic, I laughed and then hoped I wasn't among the blind once. Well, I guess that's not my position to decide as there would always be a view point or reason to the later for which might sound or seem stupid to the next person.

Anyway, bitcoin has come to a point in time where influential individual like Elon Musk, Whales and huge investors can actually manipulate the bitcoinmarket and it seems to work so well. So well because, the people have become so sentimental and with the government always around to fuel any fud in the sphere, the fud grows more stronger and you see investors actually selling off. For as many as those who can hodl, there would always be an ROI as at when due. Keep hodling.

Do we know that for sure?  It seems like nobody here even has any data on how many cars Tesla sold for bitcoin, much less whether the company used a payment processor for those transactions or not.  But given how much of a supporter of bitcoin was in the beginning, I would think that Tesla wouldn't have a payment processor convert the bitcoin to fiat, but who knows?

And I know this is old news that OP was talking about, but I don't have any complaints about what Elon Musk did as far as bitcoin is concerned.  He's a businessman and he's allowed to change his mind on things--but I'm also not sure if the bitcoin hyping Musk did followed by the dump wasn't pure market manipulation on his part.  I'd like to give him the benefit of the doubt, but I have no clue what went on in his mind.  Guess time will tell.

Tesla may have seen special potential in bitcoin that made them invest in bitcoin but as a big company, they have all the freedom to choose where they can make more profits and bitcoin is definitely their best choice.

Like any other billionaires, big companies are also taking advantage of the opportunities to accumulate more profits. I guess nobody would come into crypto and just ignore all the possibilities that would make them even more richer.

Consciously or not, Tesla has made big moves in crypto, especially bitcoin, as for the market manipulation that is happening right now, I prefer not to make decisions quickly, let them take what they started. everyone is free to do whatever they want.

Taking profit is one thing, funding is another,  and a continuous act on it is taking things overboard,  why turn back to fud an asset that gave huge profit within a short period of time! There could only be one reason for that, Musk want to buy cheap btc after dumping at ath, after all he is a business guy and knows how to make money and especially when to make a move, it is very logical,  anyone who sold btc at peak would want a chance to get in from below, being smart is part of the game.

we have a word here. If you are a cow, there will be many waiting for milk. Unfortunately, people act like a cow. and it is quite normal for them to expect milk.

There are very few who are here to seek technology alone and dedicate themselves to development, most of us are looking for it is all about money, and how to get it more and more every day, however when TESLA is mentioned, I think that it already enters an environment clearly biased, although he does not get a good endorsement in BTC, the best thing he can do is remain silent, and not do FUD, oh that by doing so he lost btc and Doge, it is well known that there are processes that pollute much more than himself BTC. Also, everything goes into a chain as if it were advertised, since Donald Trump said that BTC was a scam, causing people to panic and make massive sales, it is something that is not difficult to understand since these characters have many fans globally and can manipulate the market in a sense.

But you don't have to take this personal, this is why I don't blame much people who got rekt by following this influencers and billionaire with hope of making it big.
Tesla was one of the companies who catalyses and fuel pump bitcoin price in this bull cycle and I don't see anything bad if they take profits or not. It's just like a day trader who invest $100 in a long position an exit the market with his profit when the sentiment of bitcoin isn't longer bullish.
You and I are here, we are the true believers of bitcoin so let's hodl for long time. Its pays this way

You are right, after being involved in the crypto market for a while, TESLA released bad news like taking a profit of $250 million in Bitcoin and stopped accepting TESLA tram payments in Bitcoin. I don't know if they've sold off their bitcoins yet but they're clearly disrupting the market.

With tesla joining the crypto market many are at risk if they invest to make a profit many traders are selling their currency out of frustration. But I don't think there will be any interference with tesla if the demand for currencies is high prices will rise and investors will be profitable good time to hold on without selling.

Nothing to worry about it, I am pretty sure that what Tesla is doing is probably a short-term thing and I don't think that we have to worry about it, if the prices are down then try to buy some bitcoin, whining won't make any money.

I remember seeing that report as well and as surprising as it may seem I think it is true, the stock market is completely crazy right now, we have a great deal of companies that are huge and yet they have not reported any profits, this makes the stock market just a big casino in which it does not matter at all the result as long as you project the right image, which is precisely what Musk has been doing all of this years and it has been enough to make him incredibly rich.

someone who have power in money, popularity, will get more and more than just ordinary person. just with one tweet he can take much fish from this pool, crazy.
people will do what make them take the advantage, not much as the richer, but they get profit too. they have strategy to make profit, and other people must have own strategy too.

I wish I had the power to cause that impact with such minimal efforts.

Whales have to invest money to create the hype or play down the market but this guy can make a single tweet and achieve the same result if not bigger than the whales.

Imagine how easy it must be for him to make money. Purchase some BTC --> make a tweet in favor of bitcoins --> people go mad and bitcoin goes to moon --> sell the coins take profit --> make a tweet bitcoin is not the future --> market dumps. Rise and repeat the same process.

The real fools are those who buy anything he tweets for and sells anything he tweets against.

That's life I guess, people with the power and money will have all the advantages that the world has to offer and I think that it will be the same until the end of time, we have no control over human behavior. I don't think that they are blind, they know and they see it, they just don't have the power to intervene.

For sure into those people who had been on this market for a while is already aware when it comes to motives made out by those whales or big institutions once they do decide out to make out some engagement on crypto.Its no question on why they sudden joined up the game?
They wont really come here for nothing which is understandable and only noobs are only get hooked up into the hype that made out by these whales or institutions where they do easily get affected whenever what words that theyve been shilling and suggesting on but later on once they do gain some experience they would definitely realize on whats truly happening.

Its a simple philosophy whoever be a common or billionaire every wats to make money and make profits. And infact billionaires do not become billionaires without not making profits on their investment so they are more aggressive then others and also risk takers as well. So we should also be taking risk as per our capacity and invest smartly and make profits.

Grayscale's business isn't investing in bitcoin for profit, it's selling investments in bitcoin to investors so they can charge a management fee.  Grayscale makes money whether bitcoin goes up, down, or sideways, although it's probably easier to sell interests in their funds when the price is rising.

that kind of realities in life really affects how we things moves, people with power and money are the one

who mostly dictates the situations, those who simple people see it but due to lack of capacities, they are

just letting it go as there's nothing happened.

They needed a reason to dump the huge amount of coins they purchased and that they got with the "energy wastage" excuse. I am not sure why they would do it because Elon is one of the richest guys, but seems like they have done it.

Someone with the awareness and stature of Musk, I don't think he wasn't aware of the energy waste when he announced Tesla will accept bitcoins payments. He just played with the whole market and even after quitting the bitcoin hype, he is still trying to gain more hype for doge and I can't think of what doge holders will do the day Elon dumps it or makes negative sentiment tweets against doge, because it also works on proof of work which consumes energy.

That's because Michael Saylor is a legitimate hack. He only became interested in bitcoin because he realized it could make him rich. Hyping bitcoin is by far the most productive thing he's ever done. Elon is obviously different in that he only cares about his companies, not actually about being rich, although he is quite the attention whore as well and you could make a real strong case that the only reason he has a Twitter account is for the attention he so desperately craves.

outrageous.  I  know that after  at May BTC experienced a dump of up to 3000K, there was Tesla, there was Elonmusk, there was China.  they already have money, and still want to earn money.  it is human nature that is never satisfied.  looks like their trick is Fud and Fomo.

i wouldn't call people a fool to people who were at a loss when tesla appeared in crypto. they have their own speculations, and sometimes someone just doesn't care about a story or a tweet from someone else. we all know, tesla is a big company that has a lot of money to buy crypto, they will definitely look for opportunities to profit in any way. and Elon Musk can get that opportunity with some of his tweets that can influence the market movement. we can't compare to them, because we don't have as much money as them and don't have the power to influence the market. so I don't think we're too stupid, but we should be able to learn from every news like that. Tesla can be a lesson for all of us so that we will be smarter in the future.

Back to the fundamentals, why do they invest? Are high-ranking companies like Tesla investing just for hobbies? I don't think so. I only regret the way Tesla does it to the community, I think Elon as a role model is not good enough to do it, and instead made some mistakes by only focusing on profit? I'm not so sure, but for sure they invest for profit

I think there is much more. If you look at the chart it is very difficult to make a prediction about the direction right now. Over 50k or under 20k possible. they created a mess. And this confusion created uncertainty. Quarterbacks always rule the game.

So you basically just said what I said and interpreted it to make it look like you replied to my quote. Can't blame you though, people can't form ideas really easy so they look for something to copy and that is the truth though, that we are aware but we don't have the ability to destroy the oppressors.

Business move people, this is detrimental to the flow of the community, digitalization is on the rise, and crypto is one of the important assets
There is always an agenda for their movement, just hoping new great projects outgrow the influence of businesses that take advantage of the community.

As expected from business minded billionaires. Not just them but most of the people here in crypto space even from just a normal person do also want to take profit from crypto. How much more from those billionaires that have pretty much big amount to spend on investing into crypto and taking all their profit from those crypto investments that they have. They are just widening their business range and varieties of possibilities to earn more from different aspects that they can enter.

Also, people are not stupid. They are aware of the hype and they are just getting along for the reason that they have also benefited in that situation. Maybe for some people they might not be aware but probably for many, they already know and expected this would happen.

I know that right now it seems like everything is going great for Musk but I will not be so sure this is going to keep being the case, the guy is taking a huge risk, the SEC could begin to investigate him because this is a clear case of insider trading and manipulation of the market, so if he continues with this behavior I think there is a chance he will face legal charges, so even if it seems that he has great power he is clearly abusing it and sooner or later he will pay the consequences of it.

To think that we are small time investors came here for profits then how much more for those people who do have tons of money to invest on?

we should not be that selfish that we are the only ones who could cherish out the earning opportunity of this market. Of course big players would really take some part.

Bad thing is that they do have the ability to manipulate market according to their likes since they are financially capabled but doesnt mean that we cant
go with the flow.Therefore you should really be smart.

Mostly people wouldn't believe unless they see it with their own eyes, that's is why even though they knew like Tesla gain huge profit they wouldn't care. they want it to experience themselves nor see the profit by the hands or else they will not believe much so they will not invest. I witness people who gain profit from crypto and so I also believe.

I can't tell this to anyone. Whoever I try to explain, he tells me that company A makes good comments about bitcoin. my friend this company does not support because he is in love with technology.

Companies are just after making a huge profit thanks to Bitcoin. Tesla's aim was also no different than this. Elon Musk even manipulated the market so much because of it. So, I'm not blind to see this but there are people who think innocently that Elon Musk is praising cryptocurrencies just because he likes them.