Elon Musk and BTC

[atenolol]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

[jackg]

Don't look at assets by unit price but rather market cap.

Overall, in market cap, bitcoin itself has reached $1.3 trillion. Its up to you to decide for yourself whether you think that is overvalued or not.

I'm not sure when musk bought his funds but recently there's also been a drop down to $44000.

[Lucius]

No one will attack you, everyone has the right to write what they think, it's just a matter of whether there are facts or completely unfounded assumptions behind something.

Let's say this post of yours really doesn't make sense to me personally because you are referring to the price of $57k - and we are currently at $44k. All those who know the history can clearly see (even on the page you linked) that BTC has achieved impressive results in a little over 10 years of its existence - and that every intelligent investor sees a much broader picture than the one you take into account at this moment.

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

[NeverSop]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

In fact, I think bitcoin's new ATH accomplishment has a huge bearing on and a bit of admiration for Elon and Tesla.  He has it all to leverage and create leverage that is very conducive to the market trend, Doge coin for example.  Wall Street were the people who had the elastic bands on and had no reason to cause huge loss and noise for this correction.  A bit of randomness, but I think similarly 2017 the teeth of stocks were the chance to damage bitcoin that year.  This time Elon did something very different.

[atenolol]

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

I am saying that is it like a lottery since BTC reached 20 000 in december 2017. After that it managed to go under 4 000 in january 2019. Since then it went up and down like a pendulum and there is no way to predict which direction it will go. That's what I am talking about and not about early investors that like you mentioned achieved an ROI of as much as 32745.69%

[BrewMaster]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days.

it didn't skyrocket and it wasn't a couple of years.
price has been skyrocketing for about 3 years now starting from the day i started the topic about the upcoming FOMO and price was below $4k.

Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

every bitcoiner has always been wishing for wall street criminals to never enter bitcoin, if that's true today more than ever then we are all happy

I know that I will be attacked by BTC supporters, but you are welcome.

for what? i don't see any reason to thank you or attack you. you just stated your confusion in the form of a question. it is understandable for newcomers who don't look at the bitcoin history.
you are confused because you think bitcoin price can only go up if "wall street" criminals enter it while you don't know that for more than a decade bitcoin has been rising just fine.

[atenolol]

bitcoin price can only go up if "wall street" criminals enter it.

So, the whole wall street is related to criminal activities ?  Please share some evidence. I'm sure it will be very interesting.

It didn't skyrocket and it wasn't a couple of years.
price has been skyrocketing for about 3 years now starting from the day i started the topic about the upcoming FOMO and price was below $4k.

WOW..We have a new BTC Vanga here... So you invested @$400 and now counting your millions? OFF TOPIC. If you want to advertize your vanga topic this is not the place to do that. Open a new threat.

[Southclaw]

People who believe in a positive future for Bitcoin will invest.
People who try to invest looking only at the market charts will face the risk of volatility.

A person who invested believing in a positive future will not lose anything, because if they lost, they did so by trusting their instinct. That will give them a new lesson, and that itself is a gain.

So in short, people who gamble will always face market risk, people who invest for the ideological reasons (i.e buying stocks to hold a share of a company etc.) will be rewarded with either the gains or a sharper intuition.

This is just my view about it

[BrewMaster]

So you invested @$400 and now counting your millions?

lol i don't know what any amount that i might have invested in bitcoin has to do with anything that i said? now i'm starting to think that it wasn't a newcomer's confusion, it was a newbie attempt at FUD

[NeuroticFish]

Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

Around 21 December there were news about MicroStrategy buying more 30000BTC and some had back then this same reaction: why on earth would they buy at ATH?
Well, after Christmas new ATH kept coming one after another showing that they had proper "clear mind" and those doubting them were ... incorrect, to keep it nice.

I tend to believe that Tesla team (I guess that you are not honestly believing that Elon decided this all alone) did quite some thinking before this move. And I tend to believe that they had "clear minds".
And I tend to believe that they are right, despite the current correction.

[Gozie51]

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

I am saying that is it like a lottery since BTC reached 20 000 in december 2017. After that it managed to go under 4 000 in january 2019. Since then it went up and down like a pendulum and there is no way to predict which direction it will go. That's what I am talking about and not about early investors that like you mentioned achieved an ROI of as much as 32745.69%

Don't get confused about bitcoin or the pendulum it moves. Institutional investors are now taking over and they don't worry about price and that is why btc market cap keep increasing. Don't compare 2017 and now, not the same. I think the era of 2018 or 2019 drop has become a past.

[ene1980]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

This is a complex question that any minion like us cannot understand because majority cannot risk their life savings to invest when the price is rallying at an all time high valuation but billionaires have the freedom to invest and they might be having a threshold and plan on when they will be booking their profit and we only hear about these huge investments but we never hear when they are booking their profit.  

[passwordnow]

The same thoughts of other people when bitcoin once got in $10k and then broke $20k. Don't you worry if you think that you'll ever be attacked, don't be hurt by others' words because your words might also hurt them. But just as about the sustainability of bitcoin's price, just because we're in a correction, there are questions like this that's being asked. If there were those institutions and retail investors who have invested at the peak, they're just the same as those who have bought @$20k in 2017. They just have to hold.

[bbc.reporter]

@atenolol. I am quite certain there are types of Wall Street traders who like more volatility because it places well with their trading tactics. I reckon day traders of penny stocks might discover bitcoin and other cryptocoins very attractive for trading. Where can they find a return on investment of 3x in 1 week that occurs every week during a bull market?

[aioc]

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

I am saying that is it like a lottery since BTC reached 20 000 in december 2017. After that it managed to go under 4 000 in january 2019. Since then it went up and down like a pendulum and there is no way to predict which direction it will go. That's what I am talking about and not about early investors that like you mentioned achieved an ROI of as much as 32745.69%

Many of us here are not professional investors, and yet many of us here are making a lot, I have a lot of friends who are inexperienced and first time investors and yet they are doubling, tripling their investment, what more with professional gamblers with clear mind, it's not rocket science really and you don't have to go to Harvard to know how is it to invest in Cryptocurrency, the fact will just present itself.

[Lucius]

I am saying that is it like a lottery since BTC reached 20 000 in december 2017. After that it managed to go under 4 000 in january 2019. Since then it went up and down like a pendulum and there is no way to predict which direction it will go. That's what I am talking about and not about early investors that like you mentioned achieved an ROI of as much as 32745.69%

It is a well-known fact that Bitcoin is extremely volatile, and that is exactly what you are talking about. Investing in Bitcoin or stocks is a lottery in a way, but tell me what in life is not a lottery?

I will tell you that you are mistaken when you say that price movements cannot be predicted, because every year after halving was extremely bullish - and we are just in one such year in which significant growth was expected. The fact that people did not want to listen at the end of 2017 and the beginning of 2018 is a completely different problem - just as they completely identified the beginning of 2021 with the beginning of 2018, so they mostly sold everything they had, and now they wonder why the correction did not happen.

People who can't understand the basics of the market and how Bitcoin works will always be the ones to lose - in other words, not everyone is capable of being successful in everything they do.

[Mahanton]

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

I am saying that is it like a lottery since BTC reached 20 000 in december 2017. After that it managed to go under 4 000 in january 2019. Since then it went up and down like a pendulum and there is no way to predict which direction it will go. That's what I am talking about and not about early investors that like you mentioned achieved an ROI of as much as 32745.69%

Many of us here are not professional investors, and yet many of us here are making a lot, I have a lot of friends who are inexperienced and first time investors and yet they are doubling, tripling their investment, what more with professional gamblers with clear mind, it's not rocket science really and you don't have to go to Harvard to know how is it to invest in Cryptocurrency, the fact will just present itself.

The thing you said was right which it isnt really much off needed and with just some mix of common sense and determination you can actually able to make profits and that one
doesnt really need for you to be professional but well you can really tell the difference to those who had really some knowledge compared to those who havent none.

Speaking of those early investors then we can say that theyre indeed a bit lucky or been mixed up with that since the market rose after several years later on which it did
result to secure big profits.About sentiments of those big people making out some words on this market neither affect or not on point.

[shield132]

No one will attack you, everyone has the right to write what they think, it's just a matter of whether there are facts or completely unfounded assumptions behind something.

Let's say this post of yours really doesn't make sense to me personally because you are referring to the price of $57k - and we are currently at $44k. All those who know the history can clearly see (even on the page you linked) that BTC has achieved impressive results in a little over 10 years of its existence - and that every intelligent investor sees a much broader picture than the one you take into account at this moment.

Counter-question for you - which investor with a clear mind would not invest in an asset that has achieved an ROI of as much as 32745.69% since 2013?

I think that the main problem here is timing and not the bitcoin actually. It's silly to invest in an asset when it's price is at peak but maybe Elon has some plan, he really has the power to make its price go up.

I would call any investor a silly who invested in 2017 when the price was 20K and I know a lot of people who invested when it was at peak and then lost their houses, reddit was full of such posts, know such people in real life too.

Work Hard Work Smart. Better to catch all moments, not every moment!

[el kaka22]

You could always get a clear idea of what you think will happen depending on whatever you want to believe, there isn't a person that will convince you and you are already closed to others answers as well with "I will be attacked by btc supporters" as well because you can consider everything an attack.

Let me help you realistically and logically without "attacking" you, maybe it would be of some sort of help for you.

What I consider to be MY reason (can't talk for others) the fact that bitcoin is anti-inflation, which is why if the price is not really that bad that means dollar loses value whereas bitcoin gains value over time, if that is the case then how could we not invest into bitcoin?

We definitely really do not care about what is going on with the fiat world because we know that it is a failing one, but the reality is bitcoin has so far been working awesome so far.

[OgNasty]

After announcement that Elon Musk invested billions in btc, the price that was already high, skyrocketed just in a couple of days. A lot of rumors about huge wall street investors started to appear. But I have a very short question. Which "Wall street" or other professional investor with clear mind would invest in THE MOST VOLATILE COMMODITY IN THE WORLD  after it reached $57 000

https://coinmarketcap.com/currencies/bitcoin/

I know that I will be attacked by BTC supporters, but you are welcome.

Elon Musk has more money than you. Elon Musk is better with money than you. Elon Musk believes Bitcoin will go up in price. You seem to believe it will go down. Let’s check back in this thread in six months and see who is better with money, you or Elon. My money is with Elon.