Tesla Bitcoin purchase

[k@suy]

Tesla as a well known person with and identity can not come out and lie about the purchase of bitcoin and as a big man he may not have to publicly display his block transaction to prof a point him posting it on his Twitter handle is enough evidence.

Indeed, what is the purpose of lying? there's no reason to lie it cannot add money to him. And of course every person has the right to buy bitcoin without saying or proving to everybody that he bought a bunch of bitcoin it is confidential especially the amount is too big enough it should be in secret and safe security. Elon is a businessman he has money he can afford buying different coins without telling it to each and everyone.

[best123]

Given out the transaction hash is his sole decision. I will also like to see the transaction of it. Elon Musk is a digital man and a business man that is always gunning for profit. I think, he bought but no one knows when he bought it and what price.

[angrynerd88]

I think not an awful thought to inquire for confirmation but still,that he truly bought a billion worth of bitcoin there's so much news that spread the word on Elon Mush bought a billion worth of bitcoin. I would too thought of it that perhaps someone called from that location he utilized to create the exchange and called Elon Musk in case he needs to share since by and by for me, from a straightforward individual like me and got wealthy or in case I am a well know within the open I would not certainly appear and spread the word of me buying a huge sum of bitcoin on the off chance that somebody inquires me on the off chance that I might but it varies to a decision making.

[Zertoshi]

Now am thinking,  how can Tesla invested such huge amount on btc few days ago and the market is this bearish? Where is the $1.5 bn or this amount is too insignificant to make an impact! And the news did not just end with Tesla, there were other similar news within that period Tesla was announced,
Anyways, am bullish so I believe those moneys will still have a huge impact in near future.

They have bought a few weeks ago, not a few days ago.

[ice098]

Now am thinking,  how can Tesla invested such huge amount on btc few days ago and the market is this bearish? Where is the $1.5 bn or this amount is too insignificant to make an impact! And the news did not just end with Tesla, there were other similar news within that period Tesla was announced,
Anyways, am bullish so I believe those moneys will still have a huge impact in near future.

So you mean you are blaming Tesla and others for this bear market? Well mate not because they bought a huge number of bitcoin they will eaisly make the market bearish. Bitcoin dumping or corrections is normal and it could happen regularly when overbought might happen after that expect the price of the coin will bounce it will have a gain. There's no new Tesla and other will continue to invest or hodl their bitcoin and maybe during this period they will accumulate more. Also fyi Tesla bought weeks ago and it cause pump instead of dump.

[7788bitcoin]

not all transactions must be informed by the buyer, especially buying at a large price will certainly involve several brokers for the purchase.
for a large company to lie clearly would have an impact on credibility. Stocks on the market will go down because you don't believe it will cause the value of the stock to decline, but you see for yourself Tesla stocks are still the best.

The rally in bitcoin was more than enough evidence that there were huge investments coming into the market and Tesla happened to be one of the companies that invested heavily in the bull run and it is hard to lie about these transactions as you said it involves multiple entities and you cannot hide them from view of the public as well and so is the reason those investment details are public information.

[Sithara007]

Actually I have thought of this question and have answered it myself. Elon Musk is a smart guy. He knows if he shills bitcoin, the price is going to pump. So he started with Dogecoin, and many investors dumped bitcoin for doge and he started filling his bags

I don't think that the drop in Bitcoin prices have anything to do with Dogecoin. For starters, Bitcoin is having market cap of close to $1 trillion, while the same for Dogecoin is just $6 billion. During the last 10 days or so, there was a drop of $200 billion in the market cap of Bitcoin. So according to your theory, there should be a similar rise in Dogecoin market cap. But that never happened and actually the DOGE market cap decreased by 40%.

[dansus021]

Actually I have thought of this question and have answered it myself. Elon Musk is a smart guy. He knows if he shills bitcoin, the price is going to pump. So he started with Dogecoin, and many investors dumped bitcoin for doge and he started filling his bags

I don't think that the drop in Bitcoin prices have anything to do with Dogecoin. For starters, Bitcoin is having market cap of close to $1 trillion, while the same for Dogecoin is just $6 billion. During the last 10 days or so, there was a drop of $200 billion in the market cap of Bitcoin. So according to your theory, there should be a similar rise in Dogecoin market cap. But that never happened and actually the DOGE market cap decreased by 40%.

agree i think is third correction before going to moon and nothing do with elon musk but he is smart to make people FOMO 

[ice098]

Tesla and its founder Musk are keen on the latest technology, and this reputation has long since spread. The latest decision to invest in Bitcoin is a very smart move: it can prompt people who already admired Musk to buy Tesla electric cars; at the same time, Bitcoin fans can once again come to the spotlight. . Musk may think that now is a good time to turn the goodwill of fans into capital. Accepting Bitcoin payments will further enhance Tesla's image as a future company, and will attract some people who think they are farsighted to come to buy cars: they will be very happy because they use the future currency to buy future cars.

They will going to use this opportunity in their company, being ahead among their competitors is the best thing to do. They will use blockchain technology in their state of art cars, they can also use bitcoin as one of the mode of payment  to buy Tesla Cars there's an inifnite opportunity for buying bitcoin x they can also have partnership from some cryptocurrency company in the future given that these c4ypto based company are more profitable than our traditional nowadays.

[mezzaluna]

Has anybody actually seen the Tesla purchase on the blockchain to prove it actually happened?..would be interesting to see it if it was a single transaction?

Even though its just news that Tesla bought a large amount of Bitcoin, their stock value is still dropping and they are trying to link it with the purchase of Bitcoin. Nobody knows for sure why Tesla bought Bitcoin but its Elon's decision and if he wants to advance his company with the use of Cryptocurrencies, he can do it. Its also a big move for Tesla because other car companies are trying to follow with integrating their systems with the use of Bitcoin and other Cryptocurrencies. This just means that what he did affected the lots of industries and its great for Cryptocurrencies because they are having that credibility that they needed to boast publicly.

[Coinsfera]

Tesla and its founder Musk are keen on the latest technology, and this reputation has long since spread. The latest decision to invest in Bitcoin is a very smart move: it can prompt people who already admired Musk to buy Tesla electric cars; at the same time, Bitcoin fans can once again come to the spotlight. . Musk may think that now is a good time to turn the goodwill of fans into capital. Accepting Bitcoin payments will further enhance Tesla's image as a future company, and will attract some people who think they are farsighted to come to buy cars: they will be very happy because they use the future currency to buy future cars.

They will going to use this opportunity in their company, being ahead among their competitors is the best thing to do. They will use blockchain technology in their state of art cars, they can also use bitcoin as one of the mode of payment  to buy Tesla Cars there's an inifnite opportunity for buying bitcoin x they can also have partnership from some cryptocurrency company in the future given that these c4ypto based company are more profitable than our traditional nowadays.

Tesla Motors additionally announced that it will also start accepting Bitcoin (BTC) as a payment method: “begin accepting bitcoin as a form of payment for our products in the near future.”

[Sithara007]

Even though its just news that Tesla bought a large amount of Bitcoin, their stock value is still dropping and they are trying to link it with the purchase of Bitcoin. Nobody knows for sure why Tesla bought Bitcoin but its Elon's decision and if he wants to advance his company with the use of Cryptocurrencies, he can do it. Its also a big move for Tesla because other car companies are trying to follow with integrating their systems with the use of Bitcoin and other Cryptocurrencies. This just means that what he did affected the lots of industries and its great for Cryptocurrencies because they are having that credibility that they needed to boast publicly.

I checked the TSLA stock price and it looks stable to me. Ever since January 2020, the prices have risen by almost 800% (more than that of Bitcoin). And I don't think that they can link any potential downside with Bitcoin purchase (I haven't heard any such statement from their officials). Because the Bitcoin purchase was hugely beneficial for TSLA. They purchased BTC worth $1.5 billion two months back and now they are having an unrealized profit of $900 million. This should actually pump their stock, not cause a decline.

[skpanchal]

Tesla also said it will start accepting payments in bitcoin in exchange for its products “subject to applicable laws and initially on a limited basis.” That would make Tesla the first major automaker to do so. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments

[shoreno]

the one that billion dollars  ? the money is too huge and i dont think it can fit in a one single transaction only but they may did it in several parts but in regards to verifying if it really came from the tesla itself i think that was possible if ever they made the transaction for public and not hidden or they havent used thier real infos and for the public to believe them they can also post the reciept of the transaction that they have done  . i believe on tesla because i also witness that the price of btc skyrockets the moment i read it in the news  .

[Argoo]

Well, he is a rich man getting to this question a kind of a person on to me like it's my account it's my decision if I want to share the transaction I made on the site or to the app I used to buy bitcoin.

Not a bad idea to ask for proof but still, is the news to know not proof? that he really bought a billion worth of bitcoin there is much news who spread the word on Elon Mush bough a billion worth of bitcoin.

I would also think about it that maybe someone called from that site he used to make the transaction Elon Mush if he wants to share

Has anybody actually seen the Tesla purchase on the blockchain to prove it actually happened?..would be interesting to see it if it was a single transaction?

it was already stated that it was reported in SEC, so the SEC knows about their actual crypto assets. it is none of our business to know the details as it will not affect us, imho. as long as they publicly stated about this billion assets in crypto, it will create news in the community. and right now, it has good impact.
if they did OTC, i dont think we will ever find such transaction. it wont appear in the blockchain.

Yes, this information appeared due to the fact that Tesla is a public organization and submitted its reports to the SEC. I recently read information that in fact Elon Musk owns a much larger amount of bitcoins, namely, about five billion dollars. A significant part of them is on the balance sheet of SpaceX, but this company is not public and does not submit its reports to the SEC. Elon Musk also has bitcoins in private ownership. So the information about Tesla's purchase of bitcoins in the amount of one and a half billion dollars can be trusted.

[Vishnu.Reang]

Yes, this information appeared due to the fact that Tesla is a public organization and submitted its reports to the SEC. I recently read information that in fact Elon Musk owns a much larger amount of bitcoins, namely, about five billion dollars. A significant part of them is on the balance sheet of SpaceX, but this company is not public and does not submit its reports to the SEC. Elon Musk also has bitcoins in private ownership. So the information about Tesla's purchase of bitcoins in the amount of one and a half billion dollars can be trusted.

These are just wild rumors. In case SpaceX want to purchase Bitcoins worth $5 billion, then they should have cash reserves worth at least that much. And as far as I know, the Space X reserves are around 1/10th of that amount. And even if they have that sort of cash reserves, I don't think that they will take the risk of investing all of that in a highly volatile asset such as Bitcoin. For comparison, Tesla invested less than 10% of its reserves in BTC.

[bobyhodob]

I also wonder if anyone has tried to buy Tesla using btc, will people be sorry like the case of people buying domino pizza using bitcoin hahaha

[Om.monata]

I don't think it will be published even if Tesla buys a large number of bitcoins, but I think it will be difficult to investigate if Elon Musk or the Tesla team doesn't publish. because there is no owner name, so it's hard to find it

[pinggoki]

Has anybody actually seen the Tesla purchase on the blockchain to prove it actually happened?..would be interesting to see it if it was a single transaction?

Actually the big news that has been reported is already a big proof that the Tesla really buys bitcoin on the blockchain and if you are really curious on how they buy it or on how transaction they buy it then probably it would be really good if Elon Musk will share on how they do it, if they do it by single transaction or multi transaction. I am pretty sure that it will be a entertaining topic if they share us on how they do it and I believe that many people are also interested on this.

[yohananaomi]

Actually the big news that has been reported is already a big proof that the Tesla really buys bitcoin on the blockchain and if you are really curious on how they buy it or on how transaction they buy it then probably it would be really good if Elon Musk will share on how they do it, if they do it by single transaction or multi transaction. I am pretty sure that it will be a entertaining topic if they share us on how they do it and I believe that many people are also interested on this.

maybe what you say is something that can make learning for us how a very large company like Tesla buys bitcoin, because obviously with a large value it will certainly involve a lot of institutions and is something that doesn't make sense to do in one transaction because it can't possibly happen. . but it is something very interesting too if it can be known.

but because this is a corporate institution, clearly requires policies from others and cannot be monopolized by @elonmusk, maybe this is what no one can and cannot possibly do to find out. policy is to be done together, so don't expect the word to get out.