Wow. Bitcoin is almost $1,500

[ultimatebob]

Ponyo... your main man Elon screwed us on Bitcoin! WTF?!?

 

[s0me0nesmind1]

This is Elon doing an ego flex just for fucks.

Wtf are you talking about? Tesla was one of the first big companies to not only ACCEPT Bitcoin - but also hold on to it.

The majority of businesses that "accepted" Bitcoin were really just immediately selling it based on the current market value and not holding it.

Elon is spot the fuck on that Id you're ever concerned with climate change, Bitcoin is a HUGE waste of energy.

 

[Mai72]

I'm thinking about throwing in $1,000 into dogecoin to just see what takes place. I'm a little nervous , but what if doge take off and hit $1? What if it goes higher?

I know the possibility of that happening is slim, but it stands a shot. Right now, Doge is 0.38 and dropping.

 

[ponyo]

Ponyo... your main man Elon screwed us on Bitcoin! WTF?!?

First time with Elon? Remember this tweet a year ago back on May 1, 2020?

https://twitter.com/x/status/1256239815256797184

Well, I do. I lost like $100k because I sold some TSLA shares after that tweet. Luckily I quickly realized my mistake and bought back the sold shares and then some in the following weeks.

Elon speaks what's on his mind. He makes lot of decisions quickly. That's part of his management style. You have to take the good and bad with Elon.

Bitcoin and crypto is more than one man. Elon helped Bitcoin go from $30k to $60k very quickly. Elon is still supporter of Bitcoin and crypto. But it's time he refocuses on Tesla and its mission.

 

[jpiniero]

100% this was the Board and/or some outside interest who pressured Elon to ditch Bitcoin.

 

[ultimatebob]

100% this was the Board and/or some outside interest who pressured Elon to ditch Bitcoin.

I'm wondering if they were having problems with criminals spending their (poorly) laundered drug and crypto ransom money on new Teslas, and that's why they had to stop it for that reason.

One thing that really hasn't changed over the years is that most Bitcoin owners do not actually use it to buy stuff, and the ones that do tend to be doing something shady.

 

[Roger Wilco]

ADA is blowing up right now.

After Musk's comments, I wonder if Cardano's efficient design is more attractive than ever to investors?

EDIT: ADA is up 20% while literally everything else is getting crushed.

 

[MrSquished]

Wtf are you talking about? Tesla was one of the first big companies to not only ACCEPT Bitcoin - but also hold on to it.

The majority of businesses that "accepted" Bitcoin were really just immediately selling it based on the current market value and not holding it.

Elon is spot the fuck on that Id you're ever concerned with climate change, Bitcoin is a HUGE waste of energy.

My point is that Elon stated they would accept Bitcoin 3 months ago. You think he didn't know 3 months ago how Bitcoin was mined and it's very high use of energy?

 

[FelixDeCat]

This is a merely a conspiracy by Elon to sell solar panels and equipment to BC miners to regain his approval and acceptance.

/tin foil hat

 

[ultimatebob]

Meh... it's time to diversify my crypto portfolio anyway. Now that Coinbase is going to be offering Dogecoin soon, the price will probably spike again.

 

[FelixDeCat]

Meh... it's time to diversify my crypto portfolio anyway. Now that Coinbase is going to be offering Dogecoin soon, the price will probably spike again.

I flipped the dip on Coinbase. I love that stock!

 

[Mai72]

I just bought about $500 worth of doge. I might even put another $500 in tomorrw and I'll just let it sit there. If it doesn't hit $1 and tanks I'll lose $1k. If it hits $1 and even climbs much higher I'll make a small fortune.

Diamond Hands!

 

[sze5003]

Cardano is another good one. XRP is under a government lawsuit right now but the price has not dropped. I'm expecting it to go up when the suit is over.

 

[s0me0nesmind1]

I just bought about $500 worth of doge. I might even put another $500 in tomorrw and I'll just let it sit there. If it doesn't hit $1 and tanks I'll lose $1k. If it hits $1 and even climbs much higher I'll make a small fortune.

Diamond Hands!

View attachment 44330

Put it in some random investment account you never use normally and forget about it for 3 years or so.

 

[FelixDeCat]

I just bought about $500 worth of doge. I might even put another $500 in tomorrw and I'll just let it sit there. If it doesn't hit $1 and tanks I'll lose $1k. If it hits $1 and even climbs much higher I'll make a small fortune.

Diamond Hands!

Maybe you should diversify some of your "disposable" income into the new trending currency:

Internet Computer (ICP - the new joke coin?)

This new cryptocurrency has people buzzing — its market value is at $35 billion in just 3 days

Internet Computer, a cryptocurrency that launched on Monday, now has a market value of over $35 billion.

www.cnbc.com

 

[Shmee]

They are probably just buying the dips.

 

[Fritzo]

They are probably just buying the dips.

Yeah, it's a log of buy, sell, buy w/profit, sell cycles. Same with dogecoin. I made a few bucks on it but it's basically a ponzi coin. Putting my profits back into ADA. That has the most foundation and acceptance behind it and has steady grown potential. Etherium is good too but it's too expensive at this point to make decent profits.

 

[ponyo]

Yeah, it's a log of buy, sell, buy w/profit, sell cycles. Same with dogecoin. I made a few bucks on it but it's basically a ponzi coin. Putting my profits back into ADA. That has the most foundation and acceptance behind it and has steady grown potential. Etherium is good too but it's too expensive at this point to make decent profits.

Doge is legitimate as any other coin. I rather buy Doge than ADA. I only bought ADA because Coinbase didn't offer Doge.

 

[ultimatebob]

First time with Elon? Remember this tweet a year ago back on May 1, 2020?

https://twitter.com/x/status/1256239815256797184

Well, I do. I lost like $100k because I sold some TSLA shares after that tweet. Luckily I quickly realized my mistake and bought back the sold shares and then some in the following weeks.

Elon speaks what's on his mind. He makes lot of decisions quickly. That's part of his management style. You have to take the good and bad with Elon.

Bitcoin and crypto is more than one man. Elon helped Bitcoin go from $30k to $60k very quickly. Elon is still supporter of Bitcoin and crypto. But it's time he refocuses on Tesla and its mission.

Honestly, it's starting to feel like he was running a pump and dump scam with Bitcoin now:

Elon Musk clarifies that 'Tesla has not sold any Bitcoin'

Once a proponent of bitcoin, Musk appears to have reversed course in recent weeks in favor of dogecoin.

www.cnbc.com

 

[Roger Wilco]

Thanks for the cheap crypto Elon? BTC currently floating around 40k.

 

[Train]

I just saw 30k, oof

 

[am82]

Honestly, it's starting to feel like he was running a pump and dump scam with Bitcoin now:

https://www.cnbc.com/2021/05/16/elon-musk-suggests-tesla-is-dumping-bitcoin

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I keep telling people to not get involved in anything that has a Musk name on it. The guy has no expertise in any field whatsoever. Just another manipulator/speculator.

 

[sze5003]

Yup my eth is tanking. I'll hold because there's no point to do anything now lol.

 

[ultimatebob]

Yeah, it looks like the correction event I was waiting for is finally here.

Time to buy more?

 

[FelixDeCat]

Yeah, it looks like the correction event I was waiting for is finally here.

Time to buy more?

Wait for Elon to trash Bitcoin some more.