Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[WastedLTC]

The other big part of this announcement..     No retail store ever says they will just keep the BTC.    That's how Tesla just one up'ed the competition (again).

"Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a
limited basis, which we may or may not liquidate upon receipt."

[julian071]

Next step - integrate Bitcoin mining in Tesla while driving.

Somebody beat them to it. https://www.coindesk.com/us-man-installs-crypto-mining-rig-in-hybrid-bmw-sportscar

[Erumo]

If you want to take a laugh, take a look on Ethereum network fees right now. 4 times more since todays morning. 500 gwei for a fast transaction. Thank you Bitcoin lol.

[julian071]

Kraken slow AF again. You'd think they'd have bought additional toasters by now.

[brokedummy]

bitcoin down over $1000! is this the start of a bear market?

[friends1980]

bitcoin down over $1000! is this the start of a bear market?

Give this man his own show!

[shahzadafzal]

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

[fillippone]

Dear lord!

*TESLA INVESTED TOTAL OF 1.5B IN BITCOIN UNDER NEW POLICY
https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm


Thread: https://bitcointalk.org/index.php?topic=5315581.msg56298233#msg56298233

Guys,
It wasn't IMPOSSIBLE not see this coming:

[Phil_S]

[friends1980]

Is it just me, or is +12% just peanuts for such big news? Probably too spoiled lately...

F that F me. We're back on track.

[torrentco]

Next step - integrate Bitcoin mining in Tesla while driving.

is this possible?

[UnDerDoG81]

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

[philipma1957]

Next step - integrate Bitcoin mining in Tesla while driving.

Well you could use gpus and point to nicehash which autoverts whatever coin you are mining into BTC.

Some one did it with a BMW hybrid.


https://www.coindesk.com/us-man-installs-crypto-mining-rig-in-hybrid-bmw-sportscar

as long as you point the cards to nicehash your final coin is BTC

[dieselmeister]

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

[EatonABooger]

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

someone has too much time on their hands....

JK  -

[friends1980]

I'm afraid it won't be a BTC exclusive. Other crypto will be part of the investment options.

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

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

The prices of digital assets have been in the past and may continue to be highly volatile, including as a result of various associated risks and uncertainties. For example, the prevalence of such assets is a relatively recent trend, and their long-term adoption by investors, consumers and businesses is unpredictable. Moreover, their lack of a physical form, their reliance on technology for their creation, existence and transactional validation and their decentralization may subject their integrity to the threat of malicious attacks and technological obsolescence. Finally, the extent to which securities laws or other regulations apply or may apply in the future to such assets is unclear and may change in the future. If we hold digital assets and their values decrease relative to our purchase prices, our financial condition may be harmed.

Moreover, digital assets are currently considered indefinite-lived intangible assets under applicable accounting rules, meaning that any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale, which may adversely affect our operating results in any period in which such impairment occurs. Moreover, there is no guarantee that future changes in GAAP will not require us to change the way we account for digital assets held by us.

Finally, as intangible assets without centralized issuers or governing bodies, digital assets have been, and may in the future be, subject to security breaches, cyberattacks or other malicious activities, as well as human errors or computer malfunctions that may result in the loss or destruction of private keys needed to access such assets. While we intend to take all reasonable measures to secure any digital assets, if such threats are realized or the measures or controls we create or implement to secure our digital assets fail, it could result in a partial or total misappropriation or loss of our digital assets, and our financial condition and operating results may be harmed.

Source: SEC

[MyCryptoDomains]

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

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

[True Myth]

Wow... I'm totally happy that my projection of 2/14 ATH was shattered.

Didn't expect to wake up and see the fucking Musk bought up $1.5 billion worth of BTC.

I was just talking about this to a close friend a few days ago.  This is fucking gentlemen.

[Dabs]

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

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

Some more of him:

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

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

rOach? 

There are faiths and religions that exist for thousands of years. You'd be long dead by the time any of them disappear, and they are unlikely to disappear. He's using the wrong analogy for this one, but I'll take Bitcoin that lasts 2021 years any time. (there are a few others more than 3000 years old too.)

I kinda knew and felt TSLA would buy some BTC, it was just a matter of time. It makes sense they bought before the MicroStrategy conference.

[friends1980]

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

Or maybe Elon did.