Current Events > Elon Musk: You can buy Teslas with bitcoin! bitcoin everyone! use it!

Topic List
Page List: 1
Mezcla
05/12/21 10:37:39 PM
#1:


*People start using bitcoin*
Elon: https://youtu.be/2RtDdctNOv0?t=28 (click to expand)

---
Sig
... Copied to Clipboard!
Mezcla
05/12/21 10:43:53 PM
#2:


guys this is a good topic

---
Sig
... Copied to Clipboard!
Mezcla
05/13/21 7:58:57 AM
#3:


Up

---
Sig
... Copied to Clipboard!
Prismsblade
05/13/21 8:06:10 AM
#4:


It was probabaly a massive net loss for them as their essentially selling how value objects for the equivalent of monopoly dollars.

---
3DS FC:3368-5403-9633 Name: Kaizer
PSN: Blackkaizer
... Copied to Clipboard!
Iodine
05/13/21 8:16:56 AM
#5:


Prismsblade posted...
It was probabaly a massive net loss for them as their essentially selling how value objects for the equivalent of monopoly dollars.
Bingo.

---
In Belichick we Trust
... Copied to Clipboard!
EndOfDiscOne
05/13/21 8:18:23 AM
#6:


Prismsblade posted...
It was probabaly a massive net loss for them as their essentially selling how value objects for the equivalent of monopoly dollars.
That doesnt make sense. The value of Bitcoin had risen since the time Tesla started accepting it.

---
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
... Copied to Clipboard!
Prismsblade
05/13/21 8:29:31 AM
#8:


EndOfDiscOne posted...
That doesnt make sense. The value of Bitcoin had risen since the time Tesla started accepting it.
I mean, why sell vehicles for bitcoin when they can just mine for it themselves?

If they can gave two shits for the envirement in this regard they wouldnt have associated themselves with it in the first place.

---
3DS FC:3368-5403-9633 Name: Kaizer
PSN: Blackkaizer
... Copied to Clipboard!
gunplagirl
05/13/21 8:31:52 AM
#9:


It's just Elon manipulating the price of stocks and/ or crypto for his own personal profit. Highly illegal but when's the last time he even got reprimanded by the appropriate securities agency for doing such a thing?

---
tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi
... Copied to Clipboard!
Iodine
05/13/21 8:40:18 AM
#10:


EndOfDiscOne posted...
That doesnt make sense. The value of Bitcoin had risen since the time Tesla started accepting it.
Yeah but you have to sell the coins in order to gain that value. Continue to hold the coins would hurt their quarterly earnings report.

---
In Belichick we Trust
... Copied to Clipboard!
EndOfDiscOne
05/13/21 8:45:30 AM
#11:


Iodine posted...
Yeah but you have to sell the coins in order to gain that value. Continue to hold the coins would hurt their quarterly earnings report.
I'm still not quite following this logic. They keep BTC on their balance sheet, so the unrealized gains would go to other comprehensive income in equity. They "gain" the value in that sense. Their operating profits still include sales of all Tesla sold in USD, regardless of whether they sold them in USD or BTC.

---
I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
... Copied to Clipboard!
Mezcla
05/13/21 9:04:44 AM
#12:


Elon made 100 million dollars off bitcoin

https://www.cnbc.com/2021/04/26/teslas-bitcoin-speculation-helped-boost-profits-this-quarter.html

Now he's trashing it to boost alt coins and make money off those.

Tldr sell your dogecoin

---
Sig
... Copied to Clipboard!
Giblet_Enjoyer
05/13/21 4:59:47 PM
#13:


If they were actually smart they would have started accepting BTC like a year or two ago and only just now stopped accepting it
Could have made literally 10-20x the actually sale value per Tesla

---
He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb
... Copied to Clipboard!
Topic List
Page List: 1