Are some too blind to see?

[Bravehash]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

[tyz]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!

[aoluain]

and tesla sales paid with Bitcoin are  ot being transferred to FIAT.

The vast majority settle for what they have even though they complain, they cannot
see a way out when they know they want something different, Bitcoin can be seen
as an unknown risk.

All it takes is a little education

To take the OnePlus motto "Never Settle"

[Imran232]

There is 2 thing what we have to admit no.1 everyone is coming here or invest in crypto to make profit. That means when he got profit he can exit. What is doing everyone. Tesla is doing same because tesla just taking out a percent of profit not the whole investment. Because he might needs funds to better his business. So why he can't take? And he is still holding bitcoin. Do you know why elon make billions of dollars. Because he knows how to make money?  Where he can make money? And if they know that place they don't take exit from there they just take a little break. Where bitcoin made elon masks investment double then why he will leave. They know if they exit the whole market will crush badly. Its a strategy of stock market too. And 2nd thing he confessed that he sold only 10% from his profit not the whole investment. To make a balance on bitcoin liquidity. So in my opinion its not a bad step because now lots of people take entry too. Other people’s opinion could be different. Thank you.

[LeGaulois]

Whatever if it's Tesla or Microstrategy, do you really believe them when they brag on Twitter saying "we're here for a long time! HODL!"?
Nope, they're here to make profits, not for charity. They will take any opportunity to make money, no matter how the market is going. They will keep buying and selling later.
(I read that the Tesla company sold 10% of its bitcoin portfolio)


Just as the majority of people in the crypto sphere: only interested in speculating on Bitcoin and a big bag of shitcoins, but have zero real use.
A lot of them don't even have their own wallet, they keep storing their coins in exchange platforms and use it as their first and unique wallet.

Just as Tesla did and let be honest, in their own shoes we would do the same. Unless you don't want that your company makes money.
This said, companies shouldn't be blamed because they're 'full of money and own thousands and thousands of BTC. I believe it's called the "success".
If we are not rich like them, blame ourselves

[agustina2]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Do these people have a choice? It's hard to ride the whale activity.

Let these stupid people you are referring to come up and make their own strategy. They can turn that situation into an advantage if properly executed.

Mind your own business.

[just_Alice]

I guess it would be dumb to expect something else from a big company like Tesla. They needed people to hodl, so they did everything to raise overall trust towards Bitcoin. But when the time came..they started making a profit, it's just business, they probably could've lost millions if they acted otherwise.
However, I'm surprised that Tesla did it so soon, did they also succumb to the widespread nonsense that the market will go bearish?
On the other hand, 10% isn't that much, Tesla still kept the majority of its Bitcoin holdings.

[cabron]

It's the nature of man. The more money you have the more powerful you could have. More BTC more powerful you could be in the future.

The doge is Elon's toy, this is why we always remind investors it's just a meme coin created as a joke. The developer of doge confirmed is something they just did for fun but eventually, a lot are using it. And Elon just tried to make it funnier while he tries to profit from it.

[ultrloa]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Thats nornal they are not doing a charitable adoption they are here to gain profits, this is similar to us if we think the profits is good then we will decide to sell it. And don't make it as an issue since it just tesla is big company thats why its been on the spotlight recently. If people afraid about this kind of scenario better they shouldn't listen what fud they are spreading and always stick to your plan on trading to gain.

[dothebeats]

They have tons of money to spend to crypto, and they will happily take any profit-making opportunity they can get their hands on and that's how most businessmen's minds work. In the case of Tesla, they have a powerful head figure in Elon Musk which can literally influence market movements very easily. They can capitalize on that fact, also on their balance sheets in order to purchase crypto and sell it in the shadows if they wanted to. Not every one of us have the money to begin with to take a risk on crypto, but these guys can do it any day of the week.

[slapper]

People have their own perspective and even if a billionaire decides to sell his bitcoin, there is no reason for us to do the same thing.  Of course, billionaires also need to profit to maintain their enterprise but in a long run, bitcoin always increases the price. It is up to an individual whether he wants to hold bitcoin for a long term or sell it for a short run profit

[Oasisman]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

People in crypto space is smarter than what you think.
Don't you think people doesn't see it?
Man, this ain't charity as everybody says. The moment they buy Bitcoin or any other alts in the crypto market, without even saying a single word, It's very obvious they are here for the profit. I mean who doesn't?
The only difference a multi billionaire investors against the medium investors, is the amount of profit that has been gained depends on the capital. And, of course it's very obvious who's going to win.

[boyptc]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Why should we bothered?

That's common and they're not the only one that's free to take profits even a small holder like me can do it at any preferred time that I want.

Just take a look from 2018 up to this date for the price of bitcoin, isn't that a price that we should be grateful to see even if there are whales cashing out?

[jaysabi]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!

Correct, Tesla sold a total of $274M of crypto. However, if you thought a company with as many capital needs as Tesla was going to just sit on bitcoin forever, then that's kind of on you for having unreasonable expectations.  Overall, this amounted to less than 10% of Tesla's bitcoin being sold. 

[Kong Hey Pakboy]

Isn't some users here are the same? They have profited out of bitcoin too so what is the difference of Tesla and the other retail investors? We are not blind, it's just that we see that taking  profits is a normal thing for any investing, you need to grow up and accept that this is the reality, if we were blind though, could you do anything to stop Tesla from profiting out bitcoin?

[jaysabi]

Isn't some users here are the same? They have profited out of bitcoin too so what is the difference of Tesla and the other retail investors? We are not blind, it's just that we see that taking  profits is a normal thing for any investing, you need to grow up and accept that this is the reality, if we were blind though, could you do anything to stop Tesla from profiting out bitcoin?

The reasonable people here need to keep a healthy distance from people like OP who chug the Koolaid and work themselves into a lather about anyone who doesn't think in the same unreasonable terms as them. Bitcoin would probably have a better reputation and wider adoption if so many people advocating for it didn't act like they were in a cult.

[Darker45]

And what is your issue with this?

Everybody can get into Bitcoin for whatever reason they want. Bitcoin is no religion with strict dogma and rules. If you want to convert your Bitcoin to fiat because it has already grown much in fiat value, then go ahead with it and feel very smart for doing so.

I, too, have gone through the same strategy. I was as smart as the billionaires you said to have invested in crypto and took profit. I, too, sold a good portion of my Bitcoin funds when Bitcoin price rose to $8,000, to $10,000, and then to $11,000, and so on. Look where I am now! I miss them and I now want to buy them back and keep it longer but I can only wish I have enough money to do so because they're all getting unaffordable.

[TheUltraElite]

Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people

They are in it for the profit, this becomes common sense - but as we know common sense is not that common.

I expect the same with dogecoin too, the amount of hype surrounding dogecoin, youtubers talking about it, specially Musk sponsored channels talking about it, I decided it was time to sell and book a profit from Doge and I am happy to do that.

Bad thing is that if some big investor makes it public that they sold, they are actually expecting a response on the market too. Usually these buy/sells are done clandestinely without telling the public. Hence probably they are expecting a dump to happen in the market later today. Good chance to buy for those who are crying about missing out.

If you also want to make a profit, you have to enter the cycle at the correct time and exit at the correct time.

[Kong Hey Pakboy]

Isn't some users here are the same? They have profited out of bitcoin too so what is the difference of Tesla and the other retail investors? We are not blind, it's just that we see that taking  profits is a normal thing for any investing, you need to grow up and accept that this is the reality, if we were blind though, could you do anything to stop Tesla from profiting out bitcoin?

The reasonable people here need to keep a healthy distance from people like OP who chug the Koolaid and work themselves into a lather about anyone who doesn't think in the same unreasonable terms as them. Bitcoin would probably have a better reputation and wider adoption if so many people advocating for it didn't act like they were in a cult.

Is there something wrong with Kool-Aid?  I like their mascot Kool-Aid man. Distancing is one way to address problem with OP but the better alternative in my opinion is to understand the argument and try to put your argument against them to have a healthy discussion and hopefully have OP change his/her perspective on the subject or at the least acknowledge it.

[20kevin20]

Of course there are so many blind people and of course the rich are profiting off these opportunities. It's literally multiplying your wealth by mentioning one word in a tweet. One must be silly not to do it when they know it works.

But this thing is itself a mega opportunity for you. If you see there are so many blind people, take some action before they wake back up to reality. While they're taking care of their shitcoins, you go and invest in real coins instead. Be a few staps ahead of everyone else.