That's not good for the environment.
Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
11–20 of 1001 posts
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#12So this is legal and ok to do:
- You buy a lot of bitcoin personally.
- Then as a CEO you make your company invest in bitcoin. Make it news. Prices go up.
- You've made a lot of money for yourself.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#13One can hope this doesn't cause full-blown mania, followed by a crash. On it's own, this is a bullish development for BTC, but everything Elon touches, tends to generate a lot of hype... could be too much.
Seems it calmed down a bit already.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#14Now all ransomware "hackers" will be able to easily buy Teslas, a nice incentive for people to get into that business.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#15One can hope this doesn't cause full-blown mania, followed by a crash. On it's own, this is a bullish development for BTC, but everything Elon touches, tends to generate a lot of hype... could be too much.
It will, that’s when you buy. This happens every single time, whether it’s $250 to $70 or $12,000 to $5,000 or $40,000 to $????... ride the wave.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#16In retrospect, it was inevitable.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#1763.8T USD o_O
Surely it's 1.5B USD dollars worth of BTC, being roughly ~39k BTC
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#18Now all ransomware "hackers" will be able to easily buy Teslas, a nice incentive for people to get into that business.
Yeah, same for all the drug kingpins with their "US dollars"
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#19So this is indeed what happens if there is no SEC protection against pump and dump schemes