Bitcoin Forum

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

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 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. 🤷‍♂️

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

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.

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...

Tesla's  last two SEC filed quarterly reports (https://ir.tesla.com/sec-filings#tab-quarterly-disclosure&groups=none&items_per_page=24&list_id=tcl-list-1&page=0&years=none) 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.

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 ;D

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.

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.

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.

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.

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.

Well a small portion but in fact, --it will not.
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.

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.
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.

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.

Just as expected on where publishing up news which is somewhat misleading because it was never been considered to be profits and just like on what others been saying that as long it wasnt sold or converted then those
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.

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. :-X

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.

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!!!

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 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.

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.

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.



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.

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?

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 (https://bitcointalk.org/index.php?topic=5268108.0) 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.

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.

https://bitcointalk.org/index.php?topic=5365694.msg58178897#msg58178897


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

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

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

I'm thinking if what will be the effect if Tesla said to the public that "It is a hard decision but we will sell the Bitcoins that we are holding for the betterment of the company" :D. Not exactly the same but you get the point. Maybe it will have a huge effect into the investors themselves and possible negative. It might also create a more selling pressure thus, causing the price of Bitcoin to go even lower. This might not happen though and the opposite might happen as well. We don't know but I'm curious with it.

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

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


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

https://youmeandbtc.com/bitcoin-converter-php.php?dir=frombtc&val=43200.00&cur=usd&btctype=btc&exchange=Bitstamp&dec=8&bgc=DDEEFF&txtc=111133 (https://youmeandbtc.com/bitcoin-converter)

they at that time wanted to create hype and fomo for bitcoin like they did with doge but it seems btc is too strong to beat :)
And you're saying that $43k when adopted has an effect in the short term? it's just his followers who enter btc hoping to make a profit.
you are too naive to expect testla with a total adoption of $43k to correct the market.

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

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

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

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

Yep, it's just book value.

But teaching people this is really difficult. I recently had a case with a friend. He had bought Doge and in the meantime he had a "profit" of about 120%, but he had not sold and now stands at -10%. He complained it's not fair that all of his profit is gone now :) I then told him there is no profit until you sell. So you never made a profit, and so you never lost a profit. He looked at me like I was out of this world.

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

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

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

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

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

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

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

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

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

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

I think it’s best for us.  ;D
Know why? Because we are talking about this and spreading the word about two things here, one the Crypto space and second the Tesla. Both of them are getting famous here.
Well, let’s talk about crypto for that matter. From this news we at least have confidence that there is around 2+ billion dollars as fixed amount in it and is one of the many resistance for the same.
Moreover by reading this many users do think about crypto in different angles as we are long here.
This also brings another lot of peeps to crypto world.

That's what I am saying. If they made that much profits, why make cars anymore? Apparently you can make much more from crypto than making cars. Just get rid of the car department and turn tesla into a full crypto fund managed by the world's smartest man, Elon Musk. I think majority of the shareholders would jizz in their pants when they hear that.

Actually Tesla is profitable or not, I don't really care about it. Because it was clear that it was an advantage that no one would get for a short time. So the point is we just hope that Tesla's investment is not solely to take part in the profits, but as a form of support for Bitcoin itself. In the future, if Tesla announces that it has sold all of its Bitcoin holdings, who else will we see as heroes?

We dont know if they had accumulated more coins after that 40k btc that they had purchased on because everything is untraceable or anonymous when it comes to this manner and thats the beauty of bitcoin.

When it comes to profits then it would be sky on the limit and its normal that to those who had invested big then its just normal that they would really be earning more on the time that the market turns out to be bullish.

This is the benefits that you could but of course it goes the same when you do lose money but considering on how early Tesla made out some buyouts then it was really just a good call.

may of course have to be known too, that long-term investment certainly does not have as big a risk as you think. if we invest in bitcoin, it is a very good one for the long term. so that it is known that every 4 years there is a reduction process so that it will make bitcoin continue to increase and will reach renewable ATH.

if possible what you say for altcoins I might agree, but certainly not for bitcoin. why until now Tesla himself feels confident by keeping it, because the halving will make bitcoin continue to increase and will not fall below the last ATH after the halving.

Sorry for those who had missed out and a joyful thing for those who had risk or take some gamble for them to buy bitcoin earlier.You are right that
profits will really be no limit depending on how much you had invested or capitalize with it and it will correlate on how much you could possible make.
1 Billion profit isnt something small imho but i doubt that tesla had only sell out a portion and the rest was been hold up.
It cant be considered profit if it wasnt materialized.

This kind of pump will probably be not enough profit from Tesla and Elon Musk, they'll probably hold this for the future, Elon definitely has a plan assigned to those bitcoins, but if I do own that amount of Bitcoin, that's definitely a huge profit, but if you have a huge responsibility like Elon does, then the current price will definitely not be enough, considering that the budget of Tesla is more than enough for 10 years, then they'll definitely hold this for the future.

That could he think about more pump and bullish market in the future and so the company doesn't sell it yet. They have the purpose of holding which we don't know yet and this is also happening to the other companies. Rich people don't care about today but for the future and this is not to wonder why big companies are not bothering to sell their Bitcoin but instead, they keep buying more and filling their bags. But for those small investors, it is probably they've selling it now.

Do they have such award and recognition?

Whoever is the one that suggested to Elon to invest in bitcoin shall be rewarded by them but I think it's Elon alone that has made the right decision.

He flamed the market and manipulated it not knowing by most that they're already in.

I understand from the topic presented by the OP in Telegrah, tesla has sold 10% BTC in Q2 and tesla has made a profit of 1 billion from holding bitcoin in the sense that they have sold BTC when the bitcoin price reached its highest level in Q2 ago before the price correction occurred the market fell $38k. Last June Tesla re-adopted 5,000 BTC until 2022 which means they have entered the second phase where now bitcoin has returned to the price of $61k.

They are whales so its not surprising they can make a profits like that amount because having a big contribution is equals to massive profits that's the basic calculation. Lol indeed people will not become scared when there's a bad news from them if they are not the only one that controls the market nowadays.. And for sure not just tesla make 1 billion from it wherein elon musk as well.. As they're very often in crypto space to accumulate massive profits even in just a meme coin.. So how much more with bitcoin? Easy money..  :D

If they hold their investment for some morw time their funds will be even more as unrealised profits are also being accumulated in the end and taking their profits high whenever they want to sell and.They might not have made that much in a year by selling cars also but by holding btc they have managed to get such returns and still criticize btc usage what a shame for Clown Musk.These are of above $60k and yet more to come.

While technically true, I think what matters here is that they made a successful investment, and that they can realistically sell it all within one day and get that direct profit. Also, isn't it profit even when they have the same amount of BTC they bought, but with doubled purchasing power? I mean, do they really have to sell it for fiat for it to count? If they exchanged BTC directly for houses, yachts and stuff, would that count as making profit? Their purchasing power increased, and selling for fiat wouldn't be a problem, so I think it's okay to discuss it as profit.

Nobody is talking about the profit taking. If Tesla decides to take their profit, will the market be strong enough to take the sell pressure?
Remember it's not just Tesla who is in profit there are already Microstrategy who are also holding bitcoin as well as other private companies, it will be an earthquake to the market if they all want to sell.

The profits obtained by tesla companies are currently not entirely theirs because the calculated profits are still in a trading position, if they are not satisfied with the results achieved at this time then they keep their investment until the value of bitcoin is at its highest level, and currently they invest in the long term then it is not yet time to get profits as targeted, And I'm sure that the profits that big companies like Tesla are getting today are very small for them and the owners will still maintain until they reach maximum value.

IMO, I think the real profit is only applied when Tesla Bitcoin holdings were already sold or liquidated, but until it's not been liquidated or sold yet it's not considered as profit, anyway, that amount is huge if tesla bitcoin holdings were already sold then it is a clear profit and it would be added to their reserve funds and can be used anytime for the company.

Nope. They don't have to liquidate their position. What is that mean anyway? Bitcoin is money already. Converting it into USD makes no sense at that point. If they "liquidate" their position, it only makes sense if they are able to buy them back from a lower price later on. Otherwise there is no point in selling bitcoins for USD.

This may be a tragedy if it goes for a cash out

There are multiple institutional investors who are holding billions of dollars worth of Bitcoin, Tesla and MicroStrategy are just two of the big investors and Tesla even booked some of their profit during the last rally and they will book their profit any time and since a company like Tesla earned a huge profit expect more companies to come forward during the next rally.

It's a big news for Tesla and all the Bitcoin holders who bought Bitcoin at deep price and hold for a sudden period.
Even I also made a decent profit like tesla and I suggest to everyone who hasn't have proper experience in technical analysis or chart analysis they should go for holding to gain more money.
Again Day trading is another best way but not for all.Trading in short terms need to keep a watch over the news of the asset and must have knowledge about risk management, market study.
Source link : Article (https://articles.whalesheaven.com/trading-vs-holding-crypto-different-ways-to-gain-more-money/)
So I choosed Crypto Holding until price hits my target.

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

Actually investors only secure large profit whenever the price of cryptocurrencies get increase to any step, but it really depends on the time the investor purchase the cryptocurrency , which is one of the major reason or advantages while people are encouraged to purchase any cryptocurrency when it decrease in value, right now it's very obvious that all the coins is appreciating due to the market structure now, any investor who purchased it when it was thirty four to forty thousand (34k to 40k) have made a profit.

Michael Saylor is such a brilliant man. He recently advised the Central Bank of Turkey to buy bitcoin. He said something like: "If the Central Bank of Turkey buys $5 billion now, in a few years they will have $50 billion." He trusts bitcoin that much. Truly heartwarming a billionaire like him backing bitcoin with his billions. Elon too. If a few smart billionaires join this movement, bitcoin will hit $1m very fast.

From the news I read, Tesla is at its final stage of development to start accepting crypto payment again and the reason the cryptocurrency payment on Tesla was suspended at first was not stated but from the look of things the company has realized how vital it is for the company to accept Bitcoin. So am sure before the end of the year Tesla will resume Bitcoin payment.

Not only tesla many other companies who have hold onto their btc holding have made huge profits in billions like MicroStrategy and have made enough profits that they have not made in so many years and that's insane growth.This all came with bitcoin climbing up to ATH and moreover the companies make DCA investment and their average price is also low so they make more profits also.But in the end the main concern is to invest.

Well, If Tesla decided to sell their 43,200 Bitcoins now... it will push the price down... and they will not have a 1 Billion Dollar profit. You cannot just dump that amount of coins on the markets and expect the price to stay the same.

Tesla will be clever enough to dump small amounts over a longer period... to get the most profit out of those coins. They will also make sure that they do not mess with the liquidity of the market to sell those coins.  ;)

I'm not surprised for Elon Musk to make 1 billion profit from Bitcoin because I remember in February he was all over the news after he bought more than 40K BTC and all we remember at that time BTC had what price! But I believe he did not sell all BTC that he bought, maybe he sold some amount so that he can get his capital back and then keep holding the rest. Rich people have many ways to be richer, lol.

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

We know what is the difference between gain and unrealized gain exactly, but the media don't think as what we think about it. They just think how to reach their viewers target on the news that they published. I don't shock with the news, this is just about perception difference. As a smart reader, We may be able to provide a better opinion to corroborate data that should not be concluded from erroneous quotations.

Well, do you think that such a sale would take place on the open market? There is an OTC for such things, and that is the way that the company bought BTC back in Q4 2020, and it became known only a few months later.


They are in a win-win situation no matter from which angle we look - because it is ideal to sell and then bring down the price and buy again cheaply. EM is a businessman who only cares about profit, I don't know why people believe that he has some great sympathy for Bitcoin, it's an investment for him like any other.

Does anyone know how much free money his company gets as an incentive from the government?

This plan has even been mentioned in the financial statements for the third quarter of 2021 which they submitted to the SEC.
and their reason a while ago when they suspended payments via crypto was due to the rapid increase in the use of fossil fuels for mining and transaction of those crypto assets, especially coal, which causes the worst emissions of any fuel.
but now for them to see another reason according to Musk's statement which mentions that Bitcoin is turning more to renewable energy and many coal-fired power plants have been shut down, especially in China.

Soon democrats in the US will tax those unrealized gains as well and then it won't look as good as it does now.

https://www.bloomberg.com/news/articles/2021-10-26/democrats-new-tax-target-is-5-trillion-in-billionaire-wealth


If this proposal becomes law then expect a very sharp drop in the stocks market, not only tesla and that will probably trigger a drop in crypto too. Commies are going full retard on profits.

I am watching all the craziness that is going on in the US and i cannot understand what a demented Biden administration is doing giving away free money to people to break the law and to sit at home without any work and they want to impose high tax on anyone who is working hard. Bunch of idiots who might make an impact globally.

If it becomes a law then everything will be affected including the cryptocurrency market. I hope it will not pass as a law because these stupid laws implemented in the US can have a global impact as some of the stupid governments around the world will follow them.

Yes the plan of Tesla Bitcoin gateway is mentioned in several news outlets and this is going to happen any moment from now as Bitcoin is one of the assets Tesla have invested on heavily lately. And their holding have yielded good profits in the recent Bitcoin bull run.

This is the motivation for us to follow Tesla, I believe the big impact of Tesla investing in bitcoin will make many big companies to enter bitcoin, and this makes me optimistic that the future of bitcoin will continue to shine and this year can reach at least $100k .

So, I am guessing they are very lucky for not selling their Bitcoin. They were really at the brink of selling the bitcoins they bought in the market, but I don’t know why they changed their mind and didn’t sell it anymore.

Even on Twitter when Elon Musk started making some comments that made people believe that he is no longer interested in Bitcoin, there were lots of speculation going round that Tesla must have sold their Bitcoin and that would result in the market crashing at anytime. But at some point nobody talked about it anymore, even those that talked about it were not able to prove that they really sold their coins. Is good to realize that they never sold it.

Well, it was not sure if Elon Musk is telling the truth or not, or that he just want to divert the mind of the people to give no influence anymore. However, it wasn't believable as people have known already that Tesla company holds a huge chunk of Bitcoin, and Elon Musk is the author of such purchases.
Yes, indeed. If they decide to sell them all, it certainly affects and crashes the market price but we don't see it and it comes to our mind that they just hold it and we don't know why.

It is certain that what Tesla has done will be followed by other institutions, because seeing the fact that holding bitcoin will certainly make its own profits because of the nature of bitcoin which is always increasing every time, and Tesla has known.
Tesla, apart from accommodating the purchase of vehicles with bitcoins, has also purchased bitcoins to be used as investments and the impact is now visible.

Of course, if institutions continue to move to buy bitcoin, it is certain that the increase in the price of bitcoin will be very significant and the possibility that bitcoin can reach prices exceeding $100K can be done. because of course investors will also compete to save bitcoin for a certain period of time until it increases and then sell it if it feels like it has made a profit.

It's not a problem to invest a huge amount of money as long as you know what you are doing and you have confidence that the result will gonna be the same or more than you expected. But as most of the users here say, bitcoins don't really need you to do hours and hours of research because people have already done it for you. All you need to do is invest in the right time where the price is not at its peak and when you found the right timing, all you need to do is patience and perseverance because the wait will gonna be long but surely have good results.

One more thing I wanna add is that Tesla earned 1 billion usd profit on investment that must be in billions usd (may be 10 billion usd or 20 billion usd). We can earn similar or even more profits in terms of percentage. As you said its about right timing, 100 dollars invested at right time can give you 50% ROI that will be more then what Tesla got. Focus on timing and your profit %, don't see the amount of profit.

I think Tesla's decision to buy Bitcoin is a very appropriate step, because it has been proven that buying Bitcoin will provide benefits for the owner. this makes people or other large companies interested in investing in Bitcoin. This news is an impetus for other companies to join together to achieve success like Tesla. Currently Bitcoin investment has become very popular in the world, Bitcoin provides opportunities for people who want wealth but this is certainly not easy, because it takes effort and hard work.

Although Tesla investors/shareholders are the owners of the Bitcoin profit but their Bitcoin investment move was inspired by the MicroStrategy CEO who talk to Elon about the chance Tesla would have had if they invested in Bitcoin early before Elon and the board talked about it.

We can call it a high-quality bait. As you mention, isn't profit if haven't been sold, so, it's a tricky word.

And one billion doesn't change anything to Elon Musk, he is at one point where isn't about money, his projects will keep growing and his fortune too.

We are not talking about the retail investors at this time. Tesla and other companies think a lot before investing in any asset or currency.
Their decision for investment in bitcoin was right, and seeing the high returns many other investors will buy bitcoins. Right now only companies are buying bitcoin, i am thinking of a time when governments will buy bitcoin.  :)

This plan has even been mentioned in the financial statements for the third quarter of 2021 which they submitted to the SEC on https://wannaplay.news/news/ (https://wannaplay.news/news/).
and their reason a while ago when they suspended payments via crypto was due to the rapid increase in the use of fossil fuels for mining and transaction of those crypto assets, especially coal, which causes the worst emissions of any fuel .
but now for them to see another reason according to Musk's statement which mentions that Bitcoin is turning more to renewable energy and many coal-fired power plants have been shut down, especially in China.

Wouldn't it be public anyway whether Tesla holds Bitcoin or not? As a publicly listed company they would owe that information to investors/potential investors if I am not mistaken? Especially as Bitcoin is a highly speculative asset I would think that owning Bitcoin would at least require a note in their financial reporting.

"Operating income increased substantially YoY mainly due to vehicle volume growth and cost reduction. Positive impacts were partially offset by ASP decline, growth in operating expenses, lower regulatory credit revenue, additional supply chain costs, Bitcoin-related impairment of $51M and other items"

This was written on telsa financial report of Q3 this year, they mentioned bitcoin in their financial summary.

Reference : https://ir.tesla.com/#tab-quarterly-disclosure

Because Elon musk is in the early holder's of Bitcoin. He is holding Bitcoin when it's price very low. So, that's why he makes huge profit. Bitcoin holding is very beneficial. Because Bitcoin price increases massively within last year. And their holders makes huge profit. The year 2021 is very good for Bitcoin. Because in this year Bitcoin price makes their new All time high.

"Early holder of bitcoin"? huh?

If I'm not wrong then he bought bitcoins around 40,000 $/BTC.
That's another thing if bitcoin hits its all-time high, But the bitcoin that Elon Musk bought he hasn't sold yet if I'm correct.
So there's a possibility that he will continue to hold those for later gains or buy more when the price of bitcoin goes down.

In any case, 1B isn't that big of a profit for him, compared to what he could've had made in those Dogecoin pumps.

They wont really be selling out and its true that 1B is nothing if we do talk about general perspective on things and wont be surprised if they would be still holding on with the current state of price.

This is one of the benefits when you do invest out with bitcoin on early phase or bought in the dip which it could really potentially give out that profits that you are neither aiming or not expecting.

Tesla did make out some risk when its still 40k and now the price had come up which its understandable that they had indeed make profits.

A company the size of Tesla with a profit of 1 billion is still relatively small. Tesla may have its own targets and still hold the Bitcoins they buy.
Tesla makes a big impact when it comes to investing in bitcoin. This proves Bitcoin to be a valuable asset.
With Tesla's current profit, I think their target is more than that.

That's why they love to manipulate so that they can increase the size of their holdings and this one should be look up since they are pretty serious upon dealing or holding with bitcoins. And I will not surprise in future if Elon will be back again and do his nasty attempts with bitcoin so hopefully no one take their manipulative tactics in future so that we will not see anything bad effects to the market.

Ok interesting that they put it that way, but I believe if someone wanted to they could certainly find out how many of the assets Tesla holds actually is in digital assets or currencies. I would at least have thought so. Maybe I am wrong and they can indeed disguise how many Bitcoin they hold.

Imagine you bought a lot of bitcoin, then Elon Musk caused a fud due to energy consumption, then there was a recovery and a new all-time high rn, but the Tesla firm still made a lot of money.

Sometimes I wonder whether this is all calculated and analyzed because Tesla and Elon Musk are doing so well in the crypto world.

It was to expected that they do well. Given the size of their company, but even more important the image of Elon Musk, everything that is put into one sentence with Tesla and Elon turns into gold more or less. That's because Elon by now has proven he is able to pull off quite a couple of things at the same time which nobody has ever done before him.

I wouldn't even call it manipulation to a full degree. If you are a man with such a net worth, reputation, companies in the back and popularity, it almost doesn't even matter what you say, something will happen afterwards. Steve Jobs' glasses were a bestseller for quite some time. It's just how the crowd works.

He bought at February then sold at April then spread Fud to bought again. What a genius. That's how he manipulate the market and there's no doubt that it will happen again in the near future. That's how he made millions in crypto by just tweeting and I just hope you guys don't follow this kind of manipulative movements. Ignore his chilling and unfollow his tweeter. Lol.

Apart from profiting from the increase in their share price, Tesla also benefits from the increase in the value of the bitcoins they hold. I want to speculate, Tesla definitely won't sell their bitcoins, I believe their target price is above $100k/btc.

There is no two side profit in Bitcoin, you can only profit from the price/value of bitcoin but the volume remains the same. If you hold one bitcoin and price at 60k the price may increase to 70k but you maintain your one bitcoin it will not increase more than that.

Now the bitcoin price is more than $60k or increase more than 10% and I'm sure the profit from the increase is making Tesla get a big profit, this is what makes the Tesla owner now the richest person in the world and I'm sure there will be many millionaires who will invest bitcoin following Tesla.

So, basically Tesla's 1 billion USD profit isn't their goal yet because they haven't sell their bitcoins up to now, that's just an estimated profit by cointelegraph and unrealized profit yet.
That's why up until now, they're manipulating and encouraging more and more investors to take their part to maximize their profit even more. Even if we really hope that no one takes the delicious bait, it's already possible for the famous crypto whale to successfuly manipulate bitcoin again.

We can't deny the fact that Elon Musk has the most aces in his sleeve for now together with his bright mind.

I see Elon musk constantly beating his counterpart to becoming the world richest each time bitcoin bull happen this is because his holdings will generate large profits.  Tesla as a company have invested quite a large amount in bitcoin and that is why it can easily make a 1 billion profits.

He is ripping people off because he knows he can get away with it since the crypto markets are not regulated. It is wild wild west. The manipulators used to keep their real identities in secret but they were afraid of the SEC. No need for that anymore because the SEC doesn't care. We also know that Elon has no respect for the SEC. He simply hates them.

Sorry to break the news but you don't make any profit from holding. Profit is only realised at the moment you liquidate. So I'm not saying they won't make profit, Tesla's done it right, they've just discovered the power of holding, but they have yet to experience a deep dip, and there will plenty of that for a new holder to experience.

Profit unrealised and losses unrealised. That must be the holder's journey before liquidation.

Well that is Elon , He keeps using his Popularity and the weakness of those who believes him to make news increasing the effect in crypto market.
Elon is nothing but a User and must not be followed and believe in , still laughing when the the Glass of His Tesla Broke in the live release , he deserved such embarrassments .

We are discussing his 1 billion dollar profit but we are not discussing how much capital they have invested. You are right, they have invested in billions that's why profit is also 1 billion. We need not to impress with this, as getting 1 billion profit on 10 billion investment is same as getting 1 dollar profit on 10 dollars investment in terms of ROI. That's what I think, correct me if I m wrong.

Am not really a fan of Tesla but the fact that the company spent huge part of it money on bitcoin seems to amaze me a lot with the recent bitcoin market rise the company stand to gain huge profits from the holding which is why the news is not surprising to me.

There are other companies that did the same and they're also in profit that they haven't obtained it. It's still unrealized profit until they've come to take that profit and start selling it.
And they might take the profit as soon as possible and we'll never know when because it's Elon that gives that signal to his companies when to sell. He moves the market and he manipulates everything these days.

we should know that they do things like this either fud or adoption is indeed for their own benefit.
on the other hand whatever they do is actually something that can be detrimental regardless of adoption and fud it all inevitably leads to things that maybe not everyone can think of.
all they do is manipulate and seek their own profit, they don't care about their supporters and they don't care about crypto

Tesla isn't an investing firm though. Tesla is a car/battery company. Elon should have created another company for that purpose. Tesla holders are probably happy right now but what will happen if bitcoin decides to go down? It would impact TSLA very badly. If their main source of income shifts from making cars to trading bitcoin, that might scare lots of those OG TSLA holders later on.

Yes, investors are surely ripping their profits already as early as 4th week of October (last month) as bitcoin have reached another ATH.
But in the case of Tesla, it is just an estimated profit because Tesla haven't sold their bitcoins yet so it's safe to presume that it's just an unrealized profit or gain, maybe it's not their goal yet so possibly we can see another circus moves from Elon Musk to eventually force the value of btc to break another record this year or maybe not because they are trying to hold it for another few years.

Indeed those that bought bitcoin at the 30k region and below have gain massively from their bitcoin holdings and with whales like Elon musk and the president of El Salvador who just legalized bitcoin. In the near future more profits will be made from the price increase when it reaches 70k and above.

people with big capital have a good long-term vision for bitcoin. as it has been proven, most long-term investments in bitcoin will definitely be profitable.
people like Elon and the President of El Salvador don't just think about the benefits of holding bitcoins in the long term. they believe that in the future the use of bitcoin and crypto in society will be something better than Fiat.

I have a slightly different point of view here because looking at the previous case, it is true that they can reap tremendous profits.
On the other hand, the manipulation that Elon uses and the Tesla that helped create Bitcoin a few months ago is actually intolerable.
but on the other hand we don't have any authority because indeed we can't prohibit and order someone to do something and that includes Elon and Tesla who use their influencer power to bring money and manipulation here

Basing up on the amount or behavior that they've been doing then you could really say that they arent really just focusing for the sake of profits or income with Bitcoin investment but rather seeing
for it on the real-use case area but somewhat its impossible that they arent eyeing for the profits that they would be making.

For sure its one of the considerations too on the time that they had made out such decision.Good thing or advantageous thing for those who do have money is that they could dive
in on any investment that they do like without any hesitance or problem due to their financial capacity.

If they made some big profits then it is just because they did took a big risk so its not actually surprising.

Right,
You know, Inflation is rampant all around us, The main reason for the recent inflation in European countries is the printing of money by the government. In fact, people no longer trust fiat money cause govt. can do anything to reduce their personal loss. Elon Musk, the president of El Salvador, and other people with big capital know that inflation is coming after the COVID-19 pandemic. So that, they invested in Bitcoin cause they know it was safe to hold their money in Bitcoin.

Where do you hear that people don't trust fiat money because of the governments? I personally haven't heard that kind of thing from any person that I have ever met. Usually, people in poor countries prefer to save their savings not in national currency but in USD, Euro or GBP. I think the statement that "People don't trust fiat" is as abused as the word "Blockchain". Have you seen protest where people say that they don't trust in Euro? Well, I have even seen protest where people ask the government to ask America/Europe and move on USD/Euro instead of their national currency (But you can't move on Euro if you aren't in European Union).
Poor needs enormous profit from poor investment to become rich and for rich, even 5-6% profit can be millions of USD.

Am just wondering how much the Tesla bitcoin holdings will yield at this season where bitcoin market is on a bull mood, I saw some news of Elon musk becoming the world richest person and I know the recent bitcoin market rise is responsible for his new status.

Possible but if  you do base on how he much profit on Tesla purchase then its impossible but for sure there might be some unknown purchase of  crypto specially bitcoin or some altcoin which did really add on his richness.

We  cant tell on whats happening behind the curtains but for sure it did really involved some crypto profits/investment for now then we can only
speculate but we don't know on  whats happening behind.Normal for them to make profits since they had risked something earlier.

It is funny that you think the recent Bitcoin Bullrun is happening for EM's new status!!  :D
Do you know Elon Musk suspended the Bitcoin payment method for buying TESLA car? and he spread out rumor and encouraged people Not to use Bitcoin cause he think Bitcoin mining is not Eco-friendly??
Elon Musk is nothing but a social influencer, nobody cares about his status. Even if Elon Musk had not invested in Bitcoin, it is confirmed that this Bullrun is reasonable.

I totally agree with you on that Elon musk was not involved in bitcoin back then in 2017 and Bitcoin still did fantastically during that period, Elon musk is just an influencer looking for spots to take advantage of and he saw Bitcoin as a tool to make more profits.