Are some too blind to see?

[oHnK]

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

Unfortunately, many new traders think they are here to continue to hold onto BTC.  Even though clearly, the crypto market is a very liquid hangs market with very high volatility.  They understand very well that this is not a long-term type of market like gold and stocks.  They are here to create trends and issues so that prices go up crazy since their arrival and then they sell their top assets.  This is a very common strategy but it is considered charity.

[sapnu]

These huge businesses that are entering bitcoin are not after charity or other things that may benefit others, they are here for the profits no matter how wealthy they are right now. It's more of reserving for the stock market that they may use for future references. Tesla's sales are being converted into fiat soon after but the rest for sure are being held. They can be considered as whales already and most of their actions can either beneficial or detrimental for the market. Just like how a normal investor would do, billionaires would also do so just to make sure money will never stop coming into their pockets. Money is everything in the world right now so at some point, we'll find their actions justifiable.

[Findingnemo]

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

Yes everyone is investing their money to make profits no matter who is that person so why someone should think that they are helping them too, it happens sometimes if you follow their strategies but build your own strategies to make your money instead of following others.

[Bitstar_coin]

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

You already said it, they invested to make profit then why should anyone be bothered for that reason, isn't it their investment! They have right to take profit just like retailers and traders do,
When they invested everyone was happy because that period btc price went up, if they decide to take small profit from the investment I don't think that's such a bad thing, they support btc and accept btc for payment is also important.

[SquallLeonhart]

Do you really think any company are going to invest in Crypto currencies for the "utility" or for "charity"? These companies can obviously see profit potential in Crypto currencies and they will chase those profits.

Elon Musk also said, "I did not sell any of my bitcoins" ...Why did he tweet that?... because he knows something is going to happen in the future with his companies or other companies and it is obviously going to be done with bitcoins. (He will sell, when the Moon happens)  

I do agree that they are only doing it for the money. They do not care about the tech, they do not care about the community, they do not care about the fiat world not being fair, I mean they do not care about anything at all except the profit that it makes, that is the important part. I mean as long as they make even few million dollars from their billions of dollars, they will keep investing into it.

The good part is, at least for us the good part, they will keep investing when they see the price lower, and that means a lot, it means that they are interested in crypto and that means they will keep investing into it as well and the lower the price goes the more they buy and that prevents the price to go down too much. Look at all the falls we had in the past one year and you will see that whenever it goes down, they end up buying more and prevent it going down too much.

[longyenthanh]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

[doomloop]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

I understand that he meant that purpose of bitcoin is not making money but ensuring freedom through decentralization but rich and large companies are misusing bitcoin for some other benefits. But no one could do anything about that. When some people are deviating the concept of bitcoin for some other benefits, it is still decentralization based system and no one could do anything about that.

Probably in near future, there could be some changes to be implemented by bitcoin foundation if they see that current scenario is not good for future of bitcoin ecosystem. But we need to agree that bitcoin was created for micro-payments but as it is designed by keeping gold in mind, it is turned as digital asset.

[Fredomago]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

Just the same goal with us, those billionaires are here to take profits, they won't start investing if they didn't see the potential of this industry.

Same with your understanding, if those rich people are capable in cashingout profits, same with normal people they are also capable if they'll also take it seriously the same way rich people take this opportunities.

Everything depends from how you conceptualized and take things according to your better understanding.

[just_Alice]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

I understand that he meant that purpose of bitcoin is not making money but ensuring freedom through decentralization but rich and large companies are misusing bitcoin for some other benefits. But no one could do anything about that. When some people are deviating the concept of bitcoin for some other benefits, it is still decentralization based system and no one could do anything about that.

Probably in near future, there could be some changes to be implemented by bitcoin foundation if they see that current scenario is not good for future of bitcoin ecosystem. But we need to agree that bitcoin was created for micro-payments but as it is designed by keeping gold in mind, it is turned as digital asset.

Only it's not just large companies and rich people, that use Bitcoin for profit, wouldn't you agree? No one can avoid the temptation for making some good money on crypto, I'm sure that 90% of this forum members use crypto for their benefits as well, and there's nothing bad about it, though it slightly differs from what Bitcoin was meant for. However, it's not fair of us to blame large investors for the same thing, why should they give up on making money for the sake of ideology, when no one else does so?
Also, even though a sell-out may affect the price negatively, the very fact that world-renowned companies acknowledge Bitcoin has a positive overall impact. So I figure it's better they but and sell for the sake of profit rather than stay out of the crypto world.

[arwin100]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this.

[stompix]

Tesla takes profit from crypto investment and some stupid people aren't even bothered,

Are you angry that they sold before you?
Are you angry that they didn't keep their bitcoins till it reached 100k and you could have made twice the profits in half the waiting time?

Probably you haven't learned something about Bitcoin that you should have, it gives you freedom, freedom of doing whatever you want with it as those are your bitcoins, your keys, your decision. A permissionless blockchain, you know what that means? That there is no bouncer at the door to tell you you're not allowed to do that and this.

The more I see people getting triggered by what others do with their coins the more I'm getting the feeling a lot of users have misunderstood what freedom means and they are trying to impose their own views on that, where everybody is allowed to do only what they think is right. Fortunately, it doesn't work that way. Don't delude yourself you're holding for a greater good, nobody buys this anymore.

Nope, they're here to make profits, not for charity.

I've always found explaining to some people what's the difference between running a company and investing the extra money from your paycheck in crypto or stocks or whatever one of the most tiresome tasks ever. And this seems to be one for the wrong place on doing so..

We cannot fully use our own opinion about the price of bitcoin and altcoin because we also have to follow what the biggest investors like Tesla are doing. if we follow what the richest investors do, we will definitely get the same benefits as them, therefore we have a lot to learn from experienced investors.

Then sell, what are you waiting for?  Do as Tesla did!

[Timelord2067]

Are you sure there are actually profits in Tesla's bottom line?  Or, is it just that the price of bitcoin has risen and (on paper) the market capitalisation of those coins makes it appear as though Tesla is doing fine?  If I had funds to invest in bricks and mortar stocks, I *might* invest in Tesla, but it wouldn't be the only stock I invest in.

[mamahdedeh]

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

I do not understand what you mean..? If rich people or large companies make money from investing in cryptocurrencies, does that mean normal people can't? If the price of cryptocurrencies rises, I don't see a problem for each of us to be able to make money on it.

Yeah right people just sensualize the situation and they want the company to hold for long term which is not really possible due to risk involve. I myself don't see any problem with what tesla do since its really the same to us that if we earn already we choose to cash it out, In the case of tesla imagine how big they earn already so its good for them to take the profit and try again to earn more next time, business is business so expect more to come from this about this.

what Tesla did was right, like a business, the main thing is to make a profit. and buy at a low price selling it at a high price is still the principle in trading. they make big profits selling bitcoin and they can hedge funds to other businesses

[LogitechMouse]

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

I'm thinking that we are thinking the same way now regarding this companies . Now Tesla is the first one to did it.

Well you said it already that billionaires and huge establishments are just here for the sake of money because after all, cryptocurrency is still a speculative asset. They see crypto as a good way to make money so what did they do? Hyped the whole market, bought some Bitcoins and waiting for the time that they will sell it into our face. When this happen, social media platforms especially reddit will be flooded with some sad posts regarding them losing their money because of these companies.

After all, they still have the choice to sell it whenever they want too. Do we need to blame them?? I don't think so because there is nothing to blame here but yourself. Those "blind" or for me I call them "ignorant" investors will always be there and they are the ones who will lose money the most.

[TastyChillySauce00]

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

We cannot fully use our own opinion about the price of bitcoin and altcoin because we also have to follow what the biggest investors like Tesla are doing. if we follow what the richest investors do, we will definitely get the same benefits as them, therefore we have a lot to learn from experienced investors.

Sadly that's not true at all, the time you realize that it's the big investors that made the move in the market you're already too late, it's like when they are dumping and you try to follow them but the market is all already in red, meanwhile when they try to make an entry to the market and decides to buy the price is already too high due to their pump not to mention the capital difference with becomes a factor whether you gonna make profit or not.
Just try to follow the whales movement, you just gonna lose all your money, there's reason why they sometimes manipulate people into panic selling as well after they dumping their coin, it's because they want to buy back at lower price.

[Psynthax]

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

Eben though tesla bought a lot of Bitcoin's, it's just a small size compared to the overall market. We saw in the last few days that the bitcoin price dropped a lot,just to rebound again. Should we all be selling our coins just because Elon Musk is doing it? I don't think so. Let him take his profit and leave the market, we are here for the long haul.

True, people are making it a bigger deal than it actually is, see the market didn't even shake when they dumping hundred millions of dollar before they disclosing it to the public. Now that everyone knows, people becomes panicky afraid that tesla might have betrayed their expectation meanwhile taking profit is what exactly they gonna do 
In crypto market, market activity such as making buy order or sell order are weaker than influence of external factors like these. People should learn to chill and not too influenced by big investors' decision.

[Henrobakkara]

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

Eben though tesla bought a lot of Bitcoin's, it's just a small size compared to the overall market. We saw in the last few days that the bitcoin price dropped a lot,just to rebound again. Should we all be selling our coins just because Elon Musk is doing it? I don't think so. Let him take his profit and leave the market, we are here for the long haul.

True, people are making it a bigger deal than it actually is, see the market didn't even shake when they dumping hundred millions of dollar before they disclosing it to the public. Now that everyone knows, people becomes panicky afraid that tesla might have betrayed their expectation meanwhile taking profit is what exactly they gonna do  
In crypto market, market activity such as making buy order or sell order are weaker than influence of external factors like these. People should learn to chill and not too influenced by big investors' decision.

Rightly said and until we understand that every one that came to invest in Bitcoin came for the profits and is expected at some point in the market that they will take their profit and even if they did take their profit it is OK, some investors will continue to panic and crash the market with dumps even more than the Institution that took profit.

[iamsheikhadil]

Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.

[Refrumatrix]

We are  all here to make profits and gains, even the big boss like Elon musk and others don't just invest in crypto for nothing sake, they want to double their investment too so don't bother warning people to take profits or not, once bear market starts and many funds are stuck people thinking will change once again, everyone understands the risk of investing in crypto and that's why they are doing it anyways, the higher the risk the higher the reward they say.

[andriarto]

Every major company that takes a drastic step, do it for two reasons, to make profit or to meet their vision. I think for Tesla, it's the latter because Tesla is having Musk who has no less money, I doubt they will do it for cheap little profits. Although, the second primary reason is definitely profits but I think that's just collateral profit.

Whales like Tesla would naturally seek personal gain. and I think this is a clever step, where in just a moment Tesla can reap fantastic profits, and I think that's what we should imitate. I think this is a good step for cryptocurrency, where companies have started using it so that in the future it can grow