Kamarah
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May 05, 2021, 10:15:00 PM |
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We cannot deny the benefits that block chain brings. It helps a lot of companies to manage their data, records and books very well. Investors and managers have entered the world of crypto. And companies gradually accept Bitcoin payments and investments. You can buy a car and pay with Bitcoin.
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dikistutmazsabri
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Activity: 279
Merit: 10
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May 05, 2021, 10:38:18 PM |
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It is a very nice and beneficial behavior for big companies to accept and invest in bitcoin. The reason is that big companies investing in a digital currency such as bitcoin or accepting it as a payment method ensures that bitcoin has started to gain a place in the world, be recognized by more people and its value increases. In fact, big companies should invest in blockchain technology rather than bitcoin. because this infrastructure can work for everyone.
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jerrison
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May 05, 2021, 11:25:06 PM |
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I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure, i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt a project or tokenize their project so as to pay people in the native currency.
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CaVO32
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May 05, 2021, 11:49:18 PM |
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I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure, i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt a project or tokenize their project so as to pay people in the native currency.
Maybe most of them don't know yet how to deal with crypto, bitcoin in particular. Because for new users, it is not easy to get oriented with crypto and some of them don't have time to understand what it is needed to utilize crypto in their payment method. But I am guessing, some of them are already looking into this option, now that crypto or bitcoin is somehow getting attention to top companies. They need time to fully integrate crypto in their payment system.
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Shasha80
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May 06, 2021, 12:45:48 AM |
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Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Tesla can be a role model for other big companies to invest in Bitcoin, because Tesla proved that investing in Bitcoin is very profitable. I am sure that the earnings report released by Tesla will certainly attract many other companies. I believe in the near future there will be several other companies following in Tesla's footsteps, so we will see the price of Bitcoin can jump very high if there are indeed several other large companies investing in Bitcoin.
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hulla
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May 06, 2021, 01:24:46 AM |
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It wrong to say Tesla sold 10% of their Bitcoin holding cause it impossible for the public to know the total amount of Bitcoin Tesla is holding because Tesla now accept Bitcoin as payment which serves as a way for them to increase their holding and the last time I check, we can only know their initial Bitcoin accumulation before they accept Bitcoin as payment.
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meetthechallenge
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Activity: 8
Merit: 0
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May 06, 2021, 01:38:24 AM |
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They're just here for money. When the bear market hit they'll stop promoting it, then buy it again on the next wave and encourage retails to spend their money for them. That's the cycle, it's how they play the game.
Hopefully this game being played does not deter people from seeing the real utility behind bitcoin. It's unfortunate that some willing parties will be turned away after getting duped by the cash grab.
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maxreish
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May 06, 2021, 01:40:22 AM |
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For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.
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GreatArkansas
Legendary
Online
Activity: 2450
Merit: 1385
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May 06, 2021, 02:19:32 AM |
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As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash. In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
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Nivia1st
Full Member
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Activity: 821
Merit: 100
Volare.network
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May 06, 2021, 03:56:50 AM |
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Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Tesla can be a role model for other big companies to invest in Bitcoin, because Tesla proved that investing in Bitcoin is very profitable. I am sure that the earnings report released by Tesla will certainly attract many other companies. I believe in the near future there will be several other companies following in Tesla's footsteps, so we will see the price of Bitcoin can jump very high if there are indeed several other large companies investing in Bitcoin. Tesla is a company that is openly investing in bitcoin. because this company many other companies are considering taking part in bitcoin. Tesla is also living proof that institutional investors are so welcome, they can power a bigger pump.
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famososMuertos
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LE ☮︎ Halving es la purga
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May 06, 2021, 04:21:35 AM |
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Manufacturing will never cease to exist, investment businesses have always allowed companies to diversify, the sale of those shares is to demonstrate that there is profitability with bitcoin. Tesla sells cars, investors who put money in Tesla, did it for that, but at the end of the day (or fiscal year) they are only interested in their earnings.
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Lorence.xD
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Leading Crypto Sports Betting & Casino Platform
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May 06, 2021, 05:17:12 AM |
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For companies like Tesla, having bitcoin investments will help the company grow and attract more investors. As for the other companies who are also adopting the new hype and new kind of investments, it is also their advantage to use it the blockchain technology within their system. There are a lot of companies that are successful purchasing bitcoin and allowing crypto payments to their system.
Well, they are still underperforming despite buying bitcoin and selling bitcoin in profits. The problem with incorporating is that they are probably going to have a meeting and disagreement with the board whether they should integrate bitcoin or cryptocurrency as a payment system. Progress only moves forward and the companies that are going to ignore it is going to get left behind.
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Alucard1
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May 06, 2021, 07:22:31 AM |
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Investing in bitcoin is really great decision for the Tesla company, they have earned huge profits from investing in it to the point that it reaches the amount of salary they have earned from selling cars. I think this would trigger some other big companies to invest as well in bitcoin, good thing for Tesla because they are the first big company who have invested with bitcoin and it really gives a good result for them, as they have sold 10% of their bitcoin.
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noorman0
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May 06, 2021, 09:20:40 AM |
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I am stil wondering why loads of companies will be delaying in terms of addding crypto to their paymetn structure, i understand that the space is volatile and all of that but if they so not want to pay in assets like bitcoin then they can either adopt a project or tokenize their project so as to pay people in the native currency.
If you mean "adoption", aside from talking about legality, company scalability needs to be considered first before actually implementing it in the company. Of course bitcoin is the best financial solution if the company involves consumers around the world. About companies investing in large amounts of bitcoin, actually it's not that extraordinary and I don't think it needs to be published. In fact, every day you will see on whale alerts channel some transfer of assets that are worth more than the companies invested. Without the role of these companies, bitcoin still has enthusiasts.
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This space for rent. Available in mid January 2024 - PM me
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wiss19
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May 06, 2021, 04:52:22 PM |
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Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
The blockchain technology, which is the technology that powers bitcoin, is what they will incorporate. They can choose to make bitcoin a payment method so that their buyers can make payment with it and they in turn be receiving the assets. Or they can also be investing their money in it, which is the new trend this time around, we have already seen a lot of them that are investing in it. With the level of profit that Tesla has made now, they will be convinced to start investing more money into bitcoin so that they can make huge profit like this.
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conected
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May 06, 2021, 06:17:16 PM |
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actually very profitable for companies that store bitcoin because they will benefit very much from bitcoin. at this time we can see an example of a company that has taken advantage of bitcoin, namely the Tesla company, recently they have taken 10% profit from the bitcoin they have, they are very lucky because they have bought bitcoin. if other companies also buy bitcoin they will definitely benefit like the Tesla company, besides that the price of bitcoin will also be even more expensive because of the very large purchases of bitcoin on the crypto market.
- Tesla is a smart company, they know the needs of the crowd and know the strengths of bitcoin during the pandemic, which helps them reap a huge amount of money from their investment but not all combinations will be wise, bitcoin's volatility is not too strange a picture, other companies are planning very carefully on this issue, which will be an important decision. But given the pressure from the pandemic and the lack of income, the medium term would be a good match for bitcoin, so glad we're in bitcoin and not giving up.
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isaac_clarke22
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May 06, 2021, 07:38:43 PM |
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~
Well there are platform that pulled out BTC payment method back then. I remember Valve allowing Bitcoin payment into their Steam platform back in the days, but then pulled it out due to unstable price but let's be honest that they didn't want to face bearish market cause that might be losses in their end in case they decided to liquidate.
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MrcMrc
Member
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Activity: 518
Merit: 45
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May 06, 2021, 08:46:13 PM |
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Tesla made so many profits from bitcoin and that is why Elon Musk name himself the King of crypto, which is a sign that the business executive (Elon Musk), car maker. Is now enjoying the financial freedom Bitcoin and other altcoins give to companies and individuals.
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SaShiRaJaVu
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May 06, 2021, 09:00:08 PM |
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As far as I know, Tesla did a "Liquidity Test". Something like that, Elon somehow mentioned that in one of his tweets before when Tesla sold some amount of Bitcoin, because of liquidity, instead of using cash. To be frank when Elon Musk said that he was testing the liquidity when news came out they sold the coins what they invested recently and made a huge profit he came out and made another tweet claiming that it was a liquidity test which is another troll. In terms of Bitcoin profits instead of their company itself, it's really good since that Bitcoin itself is just their investment which included on their balance sheet, so overall, it's good for all companies that got Bitcoin on their balance sheets, just like Microstategy.
It depends upon the company whether they want to diversify their asset to investment. Tesla made the choice to investing in Bitcoin and so does investment firms such as Microstategy but that does not mean that every other company should hold their assets in cryptocurrency. What i would like to see is that majority of the companies accepting Bitcoin as a mode of transaction and if they are incorporating Bitcoin in that aspect that is the way every company should proceed moving forward as i do not care whether they are holding Bitcoin or not in their balance sheet.
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harapan
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May 06, 2021, 10:33:45 PM |
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Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Seeing how much they were able to make from that bitcoin sell, I'm expecting tesla to go big again soon and add more bitcoin to their portfolio. Also, when other firms and companies see how much tesla made from their investments in bitcoin, they would readily follow suit in order to get a piece of the hot crypto cake. Only problem is that they would all be only after the gains they would make and nothing more. What we wanted for Bitcoin but with a different motive rather than adopting it as the de facto payment method.
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