Not sure if that's a interesting enough question to ask here but, how high do you think the price will go in reaponse to that news?
Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
181–190 of 1001 posts
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#182How did we get to this point where the entire global economy has become a speculative carnival rodeo. This clearly can’t end well. Is there any precedence in history how this will turn out?
The Roman Empire
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#183Considering how much Elon Musk was pumping Dogecoin I'm surprised they didn't buy altcoins too
that would have dumped him straight into the SEC's "bad guy" list for security fraud.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#184I bought $100 of BTC a while ago for fun. I watched it go up and down and mostly up. I got bored, and sold it for cash to donate... literally an hour before the big spike just earlier. I know about the fallacies of predicting the market. I understand 20/20 hindsight. But to actually experience it is such a strong lesson. To be flooded with, "ohhh I'm such an idiot!" and then think about how there's just no way I coul…
Which is why you should always separate a transaction into smaller chunks - you could liquidate 20% of a position once per week.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#185Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#186Earlier quoted context omitted.
What percent of the electricity used by Bitcoin miners is generated by fossil fuels? My impression is that most miners are located to take advantage of locales with very cheap hydroelectric/geothermal or take advantage of subsidized/overbuilt renewables. But I could be wrong. Any data on this?
Hydro and geothermal aren't without environmental cost. They don't destroy the whole world but can be fairly destructive locally. If you're going to flood a valley, please make it for something actually worthwile.
Yes they aren't but compared with the consumption of non-renewable fossil-fuels I'll take the Hydro any day
Depending on the place you pick you might not even need to flood too much
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#187I don't understand all the Crypto hate on this site. Since when have hackers become the luddites to new ways of finance?
Since hackers can see climate change in action and don't think its smart to burn to a lot of energy for something which hasn't proven shit over its existence and still hasn't solved a real world problem. Besides buying drugs anonymosly through tor.
You should look into Ethereum.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#1882020 has completely changed my perception of Tesla and Musk. I had this image of a benevolent genius who is sometimes misunderstood ("funding secured", "pedo guy", "Autopilot"). Came across Teslacharts' podcast [1] (now the Chartcast) and oh boy was I wrong. This is only the latest in a long series of red flags around Tesla/Musk and however it ends, it will not end well. [1] https://thechartcast.com/
"pedo guy" was the thing that broke the camel's back for me. When you have millions of followers and billions of airtime on you, it's absolutely inexcusable to call a random guy a pedo. When he did that my view of him went from a "fake it till you make it" type, to a dishonest and malicious person.
> When you have millions of followers and billions of airtime on you, it's absolutely inexcusable to call a random guy a pedo.
The comment from Musk was inexcusable but it didn't come out of nowhere. Elon Musk offered help and Mr Unsworth decided not to use it. In a TV interview, he further labelled it a "PR stunt" and suggested that Musk could "stick his submarine where it hurts". That led Musk to respond with the "Pedo guy" comment. Yes, that comment was totally inexcusable and uncalled for but it didn't come out vaccum.
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#189So this is indeed what happens if there is no SEC protection against pump and dump schemes
Does SEC ever do anything except chasing the small guys because that is as far as their power really goes?
Re: Tesla buys $1.5B in Bitcoin, may accept it as payment in the future
#190Legitimizing Bitcoin more than offsets the environmental benefits of electric vehicles.
You should blame Governments of the world, for holding interest rates at lower levels than the inflation rate. eg. the USA inflation rate is 2%, whereas the interest rate is 0%. Its inevitable that savings will flow out of fiat and into all kinds of other assets. This is the entire purpose of low interest rates - to inflate the value of assets held by retirees, pensioners, and the ultra-wealthy. Bitcoin is unique bec…
You don’t have to choose just one, single party to accept the blame. Bitcoin can be wrong even as other alternatives are also wrong.
Also, the Bitcoin supply may be limited, but the supply of new alt pins or even BitCoin forks continues to inflate every year.