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  • Crypto Currency - Believers Only

Hasn’t Elon just been smart in using Bitcoin to benefit Tesla. The companies latest profits were not to do with the cars but the Bitcoin profits made on what they sold. If Bitcoin goes up over next few years then that’s future capital for the company without the need to go searching elsewhere. Saying they were going to accept Bitcoin for buying cars was a way of justifying the mass purchase of Bitcoin.

Elon just seen this as easy money, but on a bigger scale than the JC crypto club investors

    RichM Elon just seen this as easy money, but on a bigger scale than the JC crypto club investors

    Hey! Take that back

        LT42 I’m just waiting for my bank to approve my £1bn overdraft request so I can pull the trigger on my first crypto purchase

          I’m not convinced Musk has a grand plan, he just seems to like trolling the SEC.

          RichM Hasn’t Elon just been smart in using Bitcoin to benefit Tesla.

          He’s minding me of Chester V in Cloudy with Meatballs II.

          Pied piper scenes, he’s not doing it to make everyone rich though.

            Wally Is that Kucoin reliable? Reviews on IOS reckon it’s a bit dodgy.

            Used it yesterday for the first time, lots of features but not the greatest interface. Got myself some $tel too!

              Bloodbath in the crypto and stock market today like - places getting margin called and the fed silently bailing places out apparently.

              Some people think Musk timed his announcement to fuck with short hedge funds.

              They’ve been preparing for the feds’ liquidity tests all week by flogging off loads of stuff. They get all ready for the test today and then Musk rug pulls at the last moment knocking off a massive wedge of their bitcoin and other crypto value making them fail the tests.

              Gotta respect that hustle if true.

                2 days after I stick my money in and the whole thing goes tits up

                You couldn’t make it up

                • Amps replied to this.

                  Wally Lol, thats just proper needle if thats what he’s done, he’s already fucked lots of them by running a successful company.

                    Old-Dutch Stay strong, hold tight, those returns will come! Most of my investments are red rather than green at the moment, they’ll all turn around in six months or so.

                      I’ve just bought £30 more Shiba. I now own 5.5 million of them. When they hit £40k a piece I’m going to be rich - RICH I TELL YOU

                      I take it you all bought ADA right?

                      All time high even though the market is bleeding.

                        Hursty Im putting a small fortune into them at the end of the month for the long game.