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Author Topic: After Tesla, others began to pay attention to Bitcoin. Is this the future trend  (Read 446 times)
mindrust
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March 05, 2021, 08:28:55 AM
 #41

Something is off. Shouldn't Tesla focus on making better cars instead? $1.5billion is not small money and I need to remind you, Elon didn't pay from his own pocket. This is the shareholders' money he is putting on bitcoin. Also Tesla shares went down a lot after this purchase. So I don't think the Tesla share holders really liked that move. It is one of the most dumped stocks now. Lost more than 20% from its ATH.

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March 05, 2021, 10:41:55 AM
 #42

There have been very important developments regarding Bitcoin since the beginning of the year. The fact that important companies like MicroStrategy and Square invested in it in 2020, Tesla in 2021, and PayPal allowed its users to buy and sell Bitcoin, in a way, Bitcoin got approval.

If this continues in the future, all new large business structures will invest in bitcoin or other cryptocurrency, then the bull market may exist for a very long time. In this regard, states and their governments will also change their attitude towards cryptocurrency. This is very good for its further development.

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March 05, 2021, 12:29:39 PM
 #43

Something is off. Shouldn't Tesla focus on making better cars instead? $1.5billion is not small money and I need to remind you, Elon didn't pay from his own pocket. This is the shareholders' money he is putting on bitcoin. Also Tesla shares went down a lot after this purchase. So I don't think the Tesla share holders really liked that move. It is one of the most dumped stocks now. Lost more than 20% from its ATH.
tesla cars are already superior type of cars .
 if they wont improve thier previous cars the sales are going to continue but if im one of the shareholders i will rage if elon musk wont ask permision on me but i think he did that before he made his move  .
 it was understandable if tesla stock dumped because it happened for a reason and that is they invested a billion dollar in btc but if btc pump again they can recover the invested amount with great returns
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March 05, 2021, 12:53:31 PM
 #44

if BlackRock has jumped in and is involved in the advancement of bitcoin, it indicates that we cannot be left behind, then we may be more aggressive in owning bitcoin. We see that Rick Rieder has seen the potential of bitcoin, so we must immediately prepare everything possible, Elon and Tesla have been in advance, so the institution will weigh this growth very carefully. let's see the great people have gathered in the same container and brought their respective lifeboats.

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March 05, 2021, 12:54:10 PM
 #45

My prediction there will be several companies starting to follow in the footsteps of TESLA by investing in Bitcoin. Therefore, HODL Bitcoin must
be done, because if more and more companies are investing in Bitcoin, will make the price of Bitcoin also skyrocket. Moreover, large companies
will usually invest in the long term, therefore this will make Bitcoin have a bright future. It's only a matter of time waiting for companies like
Microsoft or Apple to invest in Bitcoin too.

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March 05, 2021, 01:05:40 PM
 #46

Blackrock won't invest in bitcoin for the time being. If I am wrong please correct me, but I remember this fund wanted to use the CME futures, which isn't actually investing in Bitcoin. I thought that Blackrock was investing in assets, companies and financial instruments, but I don't know why they only wanted to use the future markets for Bitcoin, or their intentions on their position. Maybe the see an opportunity and wanted to open a long position but this doesn't mean they invest. The futures market is speculative and doesn't have to do with adoption.
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March 05, 2021, 01:18:16 PM
 #47

Something is off. Shouldn't Tesla focus on making better cars instead? $1.5billion is not small money and I need to remind you, Elon didn't pay from his own pocket. This is the shareholders' money he is putting on bitcoin. Also Tesla shares went down a lot after this purchase. So I don't think the Tesla share holders really liked that move. It is one of the most dumped stocks now. Lost more than 20% from its ATH.
well, disappointed with the result because I thought they were good after the purchase, and people expecting a huge impact on the market.

But on the other side, Tesla moves into crypto significantly giving attraction to the other companies to follow. As people heard about Elon Musk supporting Bitcoin, Telsa is buying that huge amount, people will think that this investment could really be true in the future. That is probably the appreciation we might hear.

But what happened to Tesla is an internal problem, might stockholders not really confident about Bitcoin but only just Elon Musk. And this will not affect the price trend.
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March 05, 2021, 01:26:16 PM
 #48

I believe more big player will start taking interest in bitcoin even they will also invest like Elon. Overall its a good thing for crypto market. Hope such moves helps bitcoin to achieve mass adoption and more money in Btc.
- Big players and investors have been interested in bitcoin for a long time, you can look at past news to see who it is but a common state of these players is to live in silence and accumulation, occasionally making some comments about bitcoin, and just waiting for things to accumulate enough, they will come up with new information like Tesla or Elon Musk. Never think this is a coincidence, one or two could be coincidence but too many famous people can only be conspiracy, and bitcoin is really an investment trend in the near future


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March 05, 2021, 03:51:30 PM
 #49

     Well, it wouldn't be confusing to see this happen since the guy clearly has good decision making skills and guts which has lead him to where he is now. Of course, people would take his actions seriously either believing in him or believing that there will be people blindly believing in him and so would take advantage of this. Caught my drift? Now, had it been another person, would the same things happen as well? It depends. It depends as to whether the person trying to influence others are credible enough for people to believe in. A good reputation in investing, decision making etc.

     The trend could be continued if elon musk continues doing what he does or if another person who is quite famous enough does. This is because there will always be people who just base their actions depending on what others do along with those people who would always want to take advantage of other people's mistakes and all. That's just how it is in this industry.


 - So, is this the future trend? In my opinion, yes.

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