Are some too blind to see?

[perfect999]

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

In my opinion it is already into growing because of those big companies. What we need at this moment is, making sure we are investing in bitcoin and any other known coins so that even big companies are pulling off their share, market will not be affected that much or even if it get affected, there are a lot of possibilities for recovery which is not the case for a random coins.

So, we need to stick within reputed coins and we should not go for a random coins because of those companies are entering.

[kateycoin]

Someday other cpmpanies like tesla will invest in crypto and we cant stop the adoption of cryptocurrency to other businesses special now that we are pandemic situation that all payments are on online. It will big benefit to them and also to us .I think you pointed is they are billioner and still they got rich because of crypto..

[Kittygalore]

What's supposed to be the reaction of the people in the crypto space should be regarding Tesla selling some of their bitcoin to prove liquidity and get this, the people doesn't have a contribution to the bitcoin bought by Tesla so what are we supposed to react, should the people go apeshit that Tesla spent their own bitcoin?

[finaleshot2016]

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

Just take profit and don't be greedy. All of us are also taking profit depends on how much we bet on trading and this is because of them who continuously helping or shilling cryptocurrency in the whole world. That's also the reason why some countries are now legalizing the use of cryptocurrency because of how those huge companies adopt bitcoin. Yes, they're profiting from bitcoin's rise, but we can't deny that they're also the reason it's growing and still breaking the all-time high. Go with the tide, and if you think they're going to dump, sell and buy the dip again; that's how the market works, and whales will still exist.

Some of us are already hodling altcoins, and the collapse of bitcoin may have an impact on the altcoin, making it bearish, as everyone has seen lately. The cryptocurrency craze continues thanks to those who choose to support it.

Also, keep in mind that only 10% of Tesla's bitcoin has been solved to demonstrate bitcoin's liquidity, which may attract many more buyers.
We aren't blind, we're doing research. Always DYOR in trading mates, don't blame the huge investors when some dumps are happening.

[so98nn]

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

Well why are we arguing on this? They are here to take the profits and we are also here to take the profits. I don't blame the Tesla strartegy at all. I mean if I had such product and money in wallet then yeah why not I would have gone crazy for my profits.
Lets not forget that we are actually getting some portion of this all the time when the market moves up and down everyday. This basically happens when rich people are making some moves.
We can always benefit from them so why should we be bothered. Just imagine if they decided to take out all of their money then we would not even exist to trade.

Lolz.

[kryptqnick]

It's their right to sell whenever they see fit, and it doesn't even seem to affect the price much, so why be concerned about that? I do think that Musk is more of a believer in Bitcoin than he used to be, so they're probably hodling some coins long-term. What's also good is Tesla accepting Bitcoin as payment for their cars. I guess they're just taking the most out of Bitcoin, using it for trading, as a long-term investment as promoting it as a form of payment. I'm honestly fine with that being the case.

[Koro-Sensei]

Not all have the extra resources to invest in and hold for years. They would rather buy foods first and prioritize their needs rather than go to investing. Some dont even know Bitcoin. Many external reasons are also present so don't judge those who have no interest and don't call them stupid. You're just lucky you have food in your table, clothes to wear with shoes to wear. Others dont have that.

[Similificator]

Believe me, a lot are bothered but never bothered to say things as you since they know well enough it'll make them look dumb. This is the cryptocurrency industry, whatever you do with your coins or profits, no one can stop you. The guy clearly wanted to take profits to make sure and so he did. There is a reason why he became as successful as he is now. And so instead of whining, I believe people should learn more about this experience and be mindful of things so they can ride the tides better alongside whales and not drown.

[nightxglow]

Of course everyone is going for the profit. If not, what's the use of all of these? The profit is main attraction of bitcoin in my opinion. I think other who said they use bitcoin since it's anonymous or convenient and such is only a minority. And even if tesla went for the profit, what's the problem? of course a company want profit for them, there's no way they are only doing it for charity by making bitcoin popular. Anyway we're still getting advantage from their action as well, so i don't think we should be angry, we should grab the opportunity as well if it comes.

[bitgolden]

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 understand people who made a lot of profit and just want to take out and leave, however I do not understand people who get out when they are at a loss. Some say that they get scared and that is the reason but the reality is that I do not believe that the panic sales are that much of a problem, consider the fact that the price will always have down days even weeks, if you know what bitcoin is capable of you should know that we are talking about something that will eventually make a profit in the long run, so even if there are down days, it should mean that there should be up days as well and that is why people should be capable of profiting from this even if there are periods when they have unrealized loss.

Only reasonable approach to selling in my mind is if you think the profit is good enough and you just want to take out and live with that.

[adzino]

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

If you are here for making profit from crypto, then what's wrong with the billionaires trying to make profit from it? It's a decentralized free market. Anyone can join it. You can't stop them. Why should we be bothered that they are taking profit? Will you be bothered if I take profit from crypto? At least with them investing, more people are now knowing about crypto currencies. Tesla took some profit from crypto, but at least they are also accepting crypto as a payment method. Look at the bright side. Stop taking everything negatively.

[Shasha80]

Of course everyone is going for the profit. If not, what's the use of all of these? The profit is main attraction of bitcoin in my opinion. I think other who said they use bitcoin since it's anonymous or convenient and such is only a minority. And even if tesla went for the profit, what's the problem? of course a company want profit for them, there's no way they are only doing it for charity by making bitcoin popular. Anyway we're still getting advantage from their action as well, so i don't think we should be angry, we should grab the opportunity as well if it comes.

Anyone who invests in Bitcoin must have the main goal is to be able to make a profit, likewise with what was done by Tesla. Why does Tesla invest
in Bitcoin in large amounts, it is certain that Tesla is eyeing a large profit too. Therefore, if they are now taking profit, there is nothing to worry
about. Because we are also going to do the same thing with what Tesla did, and as you said we as Bitcoin holders are very profitable with Tesla
investing in Bitcoin. Since the price of Bitcoin can go up very high, we should take this opportunity for taking profit as well.

[pixie85]

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 I care?

Say I bought Bitcoin @20000 or even sub 30, Tesla bought for 30+ and sold @60. They made profit, I made more profit. Why should I be bothered?

Do you even think about how many people bought @3000 and sold @20000? We still went above 20 after 2 years of bear market. I see no reason to sell because Tesla sold just as I did not see any reason to buy because Tesla bought.

If you followed them with your buy you can also follow them with your sell, be my guest.

[Princejebs]

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

If Tesla decides to sell all the bitcoin in their holdings, I have this believe that bitcoin would remain bitcoin and will grow as time goes especially those who are have always hold for long term.
Every investment has a an entry price and exit strategy everyone used which is favourable for them, you can't detect for anyone when to sell and how to sell. It's their choice.
The only sensible thing I can draw from your point is opportunity cost but this work most of the time fro traders and not long term holders. We have some investors who don't check their wallet for almost a year. They don't care about the price for now but long term especially inflation.

[Ridwan Fauzi]

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

That's true, indeed bitcoin is for long term investment. Yeah most bitcoin's user out there who hold bitcoin for at least two years will already got a lot of profit from their holding. Take a look with the bitcoin price two years ago, its price just touched $10.000 and trying to increase becuse its price is been able to touched $10.000 barrier after a huge crash two years back.

But, it is depend on the situation. Bitcoin price is more volatile than traditional investment place. We can see a huge different if we compare with the traditional investor, although its price just pumped then the price increase will not touch 100% or more than it. So, as the solution we need to pay attention that selling our holding is a good way when bitcoin meet a huge increase. There is a chance for bitcoin fall again since most crypto user will be afraid that the previous event just come again.

[AmoreJaz]

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

If Tesla decides to sell all the bitcoin in their holdings, I have this believe that bitcoin would remain bitcoin and will grow as time goes especially those who are have always hold for long term.
Every investment has a an entry price and exit strategy everyone used which is favourable for them, you can't detect for anyone when to sell and how to sell. It's their choice.
The only sensible thing I can draw from your point is opportunity cost but this work most of the time fro traders and not long term holders. We have some investors who don't check their wallet for almost a year. They don't care about the price for now but long term especially inflation.

and with regards to selling some portion of btc by tesla, elon clarified that it is only about 10% of tesla's holdings. maybe just want to prove something to his investors about the liquidity of bitcoin market. and yes, everyone is free to do what he wants with his btc holdings. after all, we are in the free market.
we cant expect these institutions to hold long term, if they see good opportunity, they may or may not take it. but crypto market doesnt revolve around them. there's more out there. so we should not confine ourselves to what may happen to crypto because of these few known companies that are into BTC

[Oceat]

Of course everyone is going for the profit. If not, what's the use of all of these? The profit is main attraction of bitcoin in my opinion. I think other who said they use bitcoin since it's anonymous or convenient and such is only a minority. And even if tesla went for the profit, what's the problem? of course a company want profit for them, there's no way they are only doing it for charity by making bitcoin popular. Anyway we're still getting advantage from their action as well, so i don't think we should be angry, we should grab the opportunity as well if it comes.

It's their rights to make some profit and even if people keep on complaining they won't do a single shit about what they're doing. Some people can't accept the fact that they are making profit but didn't realized that they were investing more than what we people can and we should be happy to see Bitcoin pump to this level of price if not because of their investment.

Be a billionaire first then invest to Bitcoin if you want a long term investment for your future. Elon Musk and Tesla dod it for the plan of holding in a long term so it's not that bad if they would just want to get some profit from their investment.

[lienfaye]

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

Well thats true, they invest to profit but majority of us has the same goal too right?

Tesla already sold 10% of their bitcoin and somehow it has an impact to the market knowing that they invested huge amount.

Its their way to take advantage the market and I dont see anything wrong. We all have the mindset to gain from our investment and so thats what they are doing.

[AicecreaME]

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 who are not yet investing to Bitcoin or chose to ignore Bitcoin are not stupid, we have different choices in life, we just have to respect it and mind our own business. You can't force them to do the same even though Tesla already making profits on cryptocurrency, who knows they are just afraid of risking their money on it because it's just enough on their every day living, you can't blame them though.

We have different timelines and no one should rush each other to make a fortune. Let them do what they want to do, they'll make money in their own ways.

[RealMalatesta]

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 don’t think there is anybody that can say that their reason for being here is not for the profit. Of course I do know that there can be other reasons , like using it as a payment method, but everyone has plans to make profit and this is no different with the billionaires that you’re talking about, they all have plans to make profit from their investment, they didn’t invest money in the market to lose it, no matter how much they try to hype.

Hyping it is even an advantage to them as a lot of people who see them hype these coins are going to pick interest and be investing in them and as the value is growing, the more money that these billionaires are going to be making, even more than those of us that are low and average investors.