so98nn (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2023, 06:11:37 PM |
|
Tesla recorded a $204 million impairment loss in 2022, according to the United States Security and Exchange Commission. Despite the loss, the electric vehicle manufacturer made a profit of $64 million from converting its bitcoin holdings to fiat currencies last year, Techcrunch reported citing the USSE commission. Overall, the automaker lost $40 million from crypto trading activities. In the first quarter of 2021, the company had invested $1.5 billion in bitcoin and stated that it believed in the longevity of the cyptocurrency. The company said bitcoin was a great place to store cash and still access it immediately, providing a better return on investment than more traditional central banks. In fact, after its initial purchase, Tesla promptly trimmed its position by 10 per cent, making the automaker a quick $101 million, Techcrunch report said.
Elon Musk in March 202 said that Tesla would start accepting bitcoin as payments for Tesla vehicles, causing the price of the crypto to boom. A few weeks later, Musk and Tesla backpedalled on that decision, expressing concern about the amount of energy needed to mine bitcoin. The price of bitcoin then subsequently sank, the media outlet said.
In 2022 when the value of bitcoin became better, Tesla sold 75 per cent of its bitcoin holdings and used it to buy traditional currency. As of today, the company has $184 million worth of bitcoin. Tesla, an automobile company was holding more than 1.5 billions in 2021 but lost it in the year 2022 when we had the bloodbath. Since Tesla had its image connected with bitcoin as well as reputed automobile industry it was definitely forceful decision to sell it all in the long run. But, they did it playfully and saved as much as 64 million dollars in profit when bitcoin shown its volatility waves. Tesla also trimmed almost 10 percent of profit from the company itself to balance out it. The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
|
|
|
|
Tytanowy Janusz
Legendary
Offline
Activity: 2156
Merit: 1622
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2023, 06:31:56 PM |
|
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
Lesson learned? What lesson? Official story is that: 1- Elon invested in bitcoin long term ... as it turned out later, without checking what bitcoin is and how it works. 2- Elon did research bitcoin and find out its not environment friendly XD (after initial investment) 3- Elon FUDs bitcoin 4- Elon shill shitcoin like cumrocket 5- Elon post "diamond hands" 6- Elon dump at loss So bad timing is not the whole story... Being a dumbass or market manipulator with fake official story or on drugs is much closer.
|
|
|
|
hugeblack
Legendary
Offline
Activity: 2618
Merit: 3857
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2023, 07:17:51 PM |
|
TESLA NEWS ARE BACCKK HAAAHHHHA
In the next ten years, we will see more of these companies expanding from getting rid of cash, and then they will either try to find their own centralized solutions or accept Bitcoin, and even if that does not happen soon, we can use Bitcoin through these platforms in a decentralized manner.
What I am trying to convey here, do not follow all the news about Bitcoin and Tesla, there will be more stories in the future, the most important thing is to focus on the decentralization of the network despite all the allegations that were linking the price of Bitcoin and the investments of that company.
|
|
|
|
crzy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2023, 09:51:02 PM |
|
Probably Elon has something to do with this, Elon should not making any noise agains Bitcoin itself if he really wants to make money, what he did is more about spreading lies and hyping a not so good project. This can be a costly mistake for the whole Tesla itself, but if they are still holding it I don’t see any losses on that in long term. Perfect timing and right analysis is the key to succeed here, doesn’t mean you have the money to invest you’ll not do your analysis anymore, let’s learn from this one.
|
|
|
|
Fortify
Legendary
Offline
Activity: 2772
Merit: 1198
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 01, 2023, 09:52:28 PM |
|
Tesla, an automobile company was holding more than 1.5 billions in 2021 but lost it in the year 2022 when we had the bloodbath. Since Tesla had its image connected with bitcoin as well as reputed automobile industry it was definitely forceful decision to sell it all in the long run.
But, they did it playfully and saved as much as 64 million dollars in profit when bitcoin shown its volatility waves. Tesla also trimmed almost 10 percent of profit from the company itself to balance out it.
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
What a strange rollercoaster and example of how Elon's herd of followers, which has since been falling greatly, could be manipulated into buying anything that he wanted to hype at the moment. Bitcoin did benefit somewhat from his wild tweeting and getting Tesla involved in it, but he might have done more harm in the long run. Basically when Twitter started to signal (even if it was 3 months after the event) that they were divesting from Bitcoin, you would instantly see it followed by a wider exodus. If Elon had done his research beforehand on environmental impacts instead of coming up with a deceptive trading idea, based on getting people to pump it up due to his tweeting that was not covered by securities laws or at least not enforced at the time, he made some short term profits.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
mk4
Legendary
Offline
Activity: 2870
Merit: 3873
Paldo.io 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:31:54 AM |
|
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling.
This is just bad advice. Even the best of traders and investors doesn't necessarily always manage to buy the exact bottom tick of an asset; same with selling. Trying to time bottoms/tops has almost always ended up disastrous for your typical retail trader/investor.
|
Curated Crypto Airdrop Database
|
|
|
stompix
Legendary
Offline
Activity: 2996
Merit: 6552
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:59:30 AM |
|
Tesla recorded a $204 million impairment loss in 2022,
Impairment loss! Every company that bought into Bitcoin before the start of the year had an impairment loss in 2022: Jack Dorsey's Block Reports $36M Impairment Loss on Bitcoin HoldingsMicroStrategy Logged A $170M Impairment Loss From Its Bitcoin Holdings in Q1 2022It's not just Tesla, but yeah, I can understand why some around here would want only them to lose money.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Tony116
Legendary
Offline
Activity: 2254
Merit: 1023
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 02:12:17 AM |
|
In a report earlier this year, as of Q4 2022, they are still holding $184 million worth of bitcoins, it can be said that their bitcoin investment is causing losses due to bad market conditions. But they are like us, they haven't sold yet, so this is only a temporary loss, not too serious. Like El Salvador, they are still holding their bitcoins, so it cannot be said that their acceptance of bitcoin as legal tender has failed. The market is unpredictable, buying high is not necessarily a failure, if you hold it long until bitcoin recovers, it is still a success.
|
|
|
|
Lucius
Legendary
Offline
Activity: 3346
Merit: 5994
Crypto Swap Exchange🈺
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 10:19:18 AM |
|
A man who has hundreds of billions of dollars and is one of the richest in the world will certainly not fail because of a few hundred million dollars, because that is the same as making news that one of us lost $20 because he sold BTC at the wrong time. Everyone who experienced ecstasy because Mr. Mars once loved Bitcoin got slapped and should have learned a lesson after that, but they still think that the great leader will address the world again with some tweet of his that will start an avalanche. If you are among them, be ready to prepare the other cheek, because you deserve a new slap. The next time you think that Mr. Mars is a good man who changes the world, maybe you should look at the cobalt mines in Africa and ask him if he is proud of his work? For years, big tech companies like Apple and Tesla have assured the customers of their glossy stores and showrooms that all their goods are ethically sourced and sold. But a new series of images taken from inside mines in the Democratic Republic of Congo, where 90 percent of the world's cobalt is mined and used to make the batteries that power our tech-led lives, raise uncomfortable questions
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F0Nz7Mhw.png&t=665&c=M91noC27xJlxzQ)
|
|
|
|
sunsilk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 10:27:41 AM |
|
And another lesson is that, AFAIK, those bitcoins they've bought are still being kept and good for long term holding. If the huge companies like them are just enduring the bear market then we should just follow what they do and don't worry a lot.
If they're even firm with their holding and don't panic, how much more that we just hold a little compared to them. They know what they're doing and so do we have to know as well what we're up to.
|
|
|
|
davis196
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 11:40:59 AM |
|
1.Who the hell in the crypto world still cares about Tesla? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The Elon Musk/Tesla Bitcoin FUD is over at this point. 2.Tesla is supposed to be an electric vehicle company, not a crypto trading/investing company. They should focus on building better electric vehicles and batteries, not on crypto trading. The traditional automobile companies are building better EVs than Tesla. 3.It's OK for crypto investors like Tesla to lose money. There's no guarantee that the big Bitcoin/crypto investors are going to make profits all the time. Bitcoin/crypto is not a get rich quick scheme.
|
|
|
|
TravelMug
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 12:04:30 PM |
|
I think Tesla is not here for the long term though, maybe Elon is just playing around when he invested early and then decided to just sell it off when everything turns sour and then shift to Doge.
So for us yeah, the timing is bad, but being a business man, Elon doesn't care, as long as he can still make some money and then shift his funds around to other business in which what he did after the sell off. So for him it's a good move despite us seeing it as a wrong decision that time.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
NotATether
Legendary
Offline
Activity: 1708
Merit: 7197
In memory of o_e_l_e_o
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:12:23 PM |
|
But, they did it playfully and saved as much as 64 million dollars in profit when bitcoin shown its volatility waves. Tesla also trimmed almost 10 percent of profit from the company itself to balance out it.
So uh... what are they going to be saying in 2033 once their sold bitcoins become 10x more valuable? Yep, you guessed it: "Oh sh!t..."
|
|
|
|
Flexystar
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:25:12 PM |
|
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits.
Lesson learned? What lesson? Official story is that: 1- Elon invested in bitcoin long term ... as it turned out later, without checking what bitcoin is and how it works. 2- Elon did research bitcoin and find out its not environment friendly XD (after initial investment) 3- Elon FUDs bitcoin 4- Elon shill shitcoin like cumrocket 5- Elon post "diamond hands" 6- Elon dump at loss So bad timing is not the whole story... Being a dumbass or market manipulator with fake official story or on drugs is much closer. Elon can only be seen as worst manipulator in the market and nothing more. Yes he has billions of dollars worth assets but he should not put the trust of his investors and fan in jeopardy like this. He has done untrusted and irreversible damage to the crypto industry with his actions. I mean crypto was very good before that, and no one was thinking about shitcoins / memecoins before and all the investment was focused on the bitcoin or eth max. One day dude creates trail of tweets and also shows up on the Saturday Night Live to stop the heartbeats of millions of fans around the globe. What he does? Just few statements about the bitcoin and doge and just leave after cracking some jokes. That was the lesson actually, you should not believe anyone from your heart and make investments. Its money, it should be traded wisely.
|
|
|
|
AverageGlabella
Legendary
Offline
Activity: 1232
Merit: 1080
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:30:02 PM |
|
The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling.
This is just bad advice. Even the best of traders and investors doesn't necessarily always manage to buy the exact bottom tick of an asset; same with selling. Trying to time bottoms/tops has almost always ended up disastrous for your typical retail trader/investor. But why do people lose faith so early? I invested at a time that btc was worth more but I would never consider selling out for less. I will just ride the bear market until we recover. Why do companies which are suppose to be very tech savvy and have intelligent experts that deal with investments all the time end up panic selling?
|
|
|
|
bettercrypto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 02, 2023, 01:33:35 PM |
|
Tesla recorded a $204 million impairment loss in 2022, according to the United States Security and Exchange Commission. Despite the loss, the electric vehicle manufacturer made a profit of $64 million from converting its bitcoin holdings to fiat currencies last year, Techcrunch reported citing the USSE commission. Overall, the automaker lost $40 million from crypto trading activities. In the first quarter of 2021, the company had invested $1.5 billion in bitcoin and stated that it believed in the longevity of the cyptocurrency. The company said bitcoin was a great place to store cash and still access it immediately, providing a better return on investment than more traditional central banks. In fact, after its initial purchase, Tesla promptly trimmed its position by 10 per cent, making the automaker a quick $101 million, Techcrunch report said.
Elon Musk in March 202 said that Tesla would start accepting bitcoin as payments for Tesla vehicles, causing the price of the crypto to boom. A few weeks later, Musk and Tesla backpedalled on that decision, expressing concern about the amount of energy needed to mine bitcoin. The price of bitcoin then subsequently sank, the media outlet said.
In 2022 when the value of bitcoin became better, Tesla sold 75 per cent of its bitcoin holdings and used it to buy traditional currency. As of today, the company has $184 million worth of bitcoin. Tesla, an automobile company was holding more than 1.5 billions in 2021 but lost it in the year 2022 when we had the bloodbath. Since Tesla had its image connected with bitcoin as well as reputed automobile industry it was definitely forceful decision to sell it all in the long run. But, they did it playfully and saved as much as 64 million dollars in profit when bitcoin shown its volatility waves. Tesla also trimmed almost 10 percent of profit from the company itself to balance out it. The important lesson: No matter if you are individual OR big company you have to have perfect timing for buying and selling. Moreover, you need to know proper strategy to play (no matter how many fouls it would do) but you have to save up your investments and make profits. If Elon Musk made a wrong decision, I'm sure he didn't regret it because he knows the risk in Bitcoin, and for sure I also believe that it's impossible that he didn't study investing in bitcoin. Of course, he did the research on this matter. Then another thing is that he still has 184M$ worth of Bitcoin holdings which means he doesn't want to have any bitcoin holdings. And that amount, if I'm not mistaken, it's around 8000 BTC or more, and the bull run came and kicked the value of bitcoin hard by 200k$ each, he still made 1.6B$ in profit and he still lost to him when it happened that.
|
|
|
|
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ████████▄▄████▄▄░▄ █████▄████▀▀▀▀█░███▄ ███▄███▀████████▀████▄ █░▄███████████████████▄ █░█████████████████████ █░█████████████████████ █░█████████████████████ █░▀███████████████▄▄▀▀ ███▀███▄████████▄███▀ █████▀████▄▄▄▄████▀ ████████▀▀████▀▀ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀BitList▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀List #kycfree Websites▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ |
|
|
|
Lucius
Legendary
Offline
Activity: 3346
Merit: 5994
Crypto Swap Exchange🈺
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 03, 2023, 10:46:11 AM |
|
But why do people lose faith so early? I invested at a time that btc was worth more but I would never consider selling out for less. I will just ride the bear market until we recover. Why do companies which are suppose to be very tech savvy and have intelligent experts that deal with investments all the time end up panic selling?
Maybe you should read previous posts? Living in delusion is sometimes even desirable for some people, because they see the world in a completely unrealistic light and interpret events like the one we are discussing from their own perspective. There is no logic here to talk about faith or whether someone understands Bitcoin or not, it is about business moves that certainly have justifications beyond the understanding of the average person. I know that some people find it hard to bear that Mr. Mars is no longer a big fan of Bitcoin, but in fact he never was - and all these losses that are speculated about may not have happened because who knows how much he earned by pumping that altcoin...
|
|
|
|
Hydrogen
Legendary
Offline
Activity: 2562
Merit: 1441
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 03, 2023, 11:20:07 AM |
|
Losing $200 million on BTC buyins seems like a lesser sin in contrast to purchasing twitter for $40 billion.
There was also Elon's ill advised "I secured private funding at $420 a share" announcement.
Whatever it was about Elon Musk's behavior that changed over the last two years. It seems as if his decision making process has become more compromised of late.
His design call to remove radars as a self driving component of tesla vehicles, might also prove to be a poor one over the long term.
|
|
|
|
Ayers
Legendary
Offline
Activity: 2730
Merit: 1024
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 03, 2023, 12:10:37 PM |
|
MicroStrategy also just released its financial statements for Q4 2022, and their investment in Bitcoin resulted in a loss of $197.7 million. It could be said that Tesla or MicroStrategy are both losing money relative to the average price they bought, but they haven't sold their bitcoins yet, which means they haven't lost money yet, and I see no lesson here. OP, are you sure your portfolio is profitable? We all know bitcoin is a long term investment, and we are in a bear market, loss in short term investment is not called loss.
|
|
|
|
mk4
Legendary
Offline
Activity: 2870
Merit: 3873
Paldo.io 🤖
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 03, 2023, 02:33:28 PM |
|
But why do people lose faith so early? I invested at a time that btc was worth more but I would never consider selling out for less. I will just ride the bear market until we recover. Why do companies which are suppose to be very tech savvy and have intelligent experts that deal with investments all the time end up panic selling?
Sometimes it's not panic selling. Sometimes it's either: - they change their minds - their economic outlook changed - re-balancing of portfolio - they found a better asset to move money to(and that they're not willing to risk more cash hence just sell the BTC to have capital) - tax loss harversting - etc Not every sell is due to panic selling.
|
Curated Crypto Airdrop Database
|
|
|
|