Bitcoin Price Thread
- Thread starter Magna
- Start date
it is a huge gamble. Should BTC fall sharply, it might damage TSLA in a catastrophic way.
looks like i've found a way to launder crypto. Anyone want to buy a 0 mi tesla for 3k under MSRP?
TRANSLATION:
Elon Musk is now willing to pay you with his cars to get your Bitcoin.
Hmm, This guy is getting really getting desperate to get more corn.
I take your point. It is true what you said. Definitely last March Bitcoin went down a lot more than Gold and Gold really came back before Bitcoin.
Yesterday's action also is a negative for Bitcoin -- it really just follows the infinte P/E tech stocks so Bitcoin is not really ready for prime time.
What still hurts Bitcoin, and to a degree Gold as well, is that its not liquid enough to absorb the panic selling in a market hit with heavy losses.
Exactly. How is this a store of value when it takes a bath anytime the market sells off? At the minimum I would expect it to hold up much better. It is just a high beta tech stock really.
Correct, if enough people run for exits, it will plummet faster than most think. I am waiting for a big dip to get into Ether.
It really is, and unlike stocks it can be purchased with USDT, and now Binance is getting onbaord with BUSD (gotta join the gravy train
). Once I finally realized what Tethers and alike are doing, I understood I made a big mistake of not investing sooner. Right now on sidelines, but waiting to act.So, it is not a store of value, but a highly speculative "asset" with very uncertain future.