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TESLA Bought $1.5B BITCOIN and accepts BTC as a form of payment soon


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2021 Feb 8, 6:24am   9,278 views  241 comments

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Wow - fucking wow! This is extremely bullish news for BITCOIN
https://finance.yahoo.com/news/tesla-buys-billion-worth-of-bitcoin-133029552.html

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38   Bitcoin   2021 Feb 10, 8:43am  

G36 says
WookieMan says
G36 says
HODL and wait until dumb money

you already took care of that part. Congrats.



Thank you! Yes, my positions are set. At this point I just watch it ride and big players like Tesla support the upwards trajectory.

small tadpole investors like Sissy are priced out at this point. 100 shares of Luv are not going to cut it. Big smart money is moving into Bitcoin now.

Very happy >>daily<< to got in early :) :) Maybe Apple is next?


Or Microsoft? Maybe Google?
I think Tesla is starting a huuuuge trend! Love it

Tadpole investors (@WookieMan) will be left behind.
39   BoomAndBustCycle   2021 Feb 10, 9:12am  

WookieMan says
You don't HODL though. You've never bought any.


To be fair he probably bought a few satoshis of Bitcoin and thinks he’s rich.
40   Bitcoin   2021 Feb 10, 9:15am  

BoomAndBustCycle says
WookieMan says
You HODL though.


he bought Bitcoin.


yep, back in November I bought 1.9 Bitcoin. But I also own chainlink (link), Cardano (ADA), Ethereum, Litecoin, DOT and a few other coins.

The Altcoins have been exploding lately. One of my biggest holdings is Cardano :)
41   WookieMan   2021 Feb 10, 11:01am  

BoomAndBustCycle says
WookieMan says
You don't HODL though. You've never bought any.


To be fair he probably bought a few satoshis of Bitcoin and thinks he’s rich.

Agreed.
42   Bitcoin   2021 Feb 10, 11:02am  

WookieMan says
BoomAndBustCycle says
WookieMan says
You HODL though.


To be fair he bought a few Bitcoin

Agreed.


Correct. Plus I bought Cardano, Link, ETH etc. Those Alt's are crushing it lately!!
43   WookieMan   2021 Feb 10, 11:04am  

G36 says
Correct. Plus I bought Cardano, Link, ETH etc. Those Alt's are crushing it lately!!

Won't answer a question. Where do you travel?

Or. What industry do you work in?

Answer one. I don't think you do either. You're a crypto spammer.
44   Bitcoin   2021 Feb 10, 11:06am  

WookieMan says
G36 says
Correct. Plus I bought Cardano, Link, ETH etc. Those Alt's are crushing it lately!!


Answer one.


Not just one....I got Cardano, Link, Bitcoin, Ethereum, Litecoins, 0x. You diversify, lately all of them have mooooooooned.
45   WookieMan   2021 Feb 10, 11:09am  

G36 says
WookieMan says
G36 says
Correct. Plus I bought Cardano, Link, ETH etc. Those Alt's are crushing it lately!!


Answer one.


Not just one....I got Cardano, Link, Bitcoin, Ethereum, Litecoins, 0x. You diversify, lately all of them have mooooooooned.

Cool. So you don't work and don't travel. Thanks for letting us know.
46   Bitcoin   2021 Feb 10, 11:10am  

WookieMan says
G36 says
WookieMan says
G36 says
Correct. Plus I bought Cardano, Link, ETH etc. Those Alt's are crushing it lately!!


Answer one.


Not just one....I got Cardano, Link, Bitcoin, Ethereum, Litecoins, 0x. You diversify, lately all of them have mooooooooned.

Cool.Thanks for letting us know.


Sure! I almost forgot DOT (Polkadot)! oh and a smaller position in Binance coin! Man, so many good investments!
47   WookieMan   2021 Feb 10, 11:13am  

G36 says
Sure! I almost forgot DOT (Polkadot)! oh and a smaller position in Binance coin! Man, so many good investments!

So no travel. That's sad living in shit and needles.
48   Bitcoin   2021 Feb 10, 11:14am  

WookieMan says
G36 says
Sure! I almost forgot DOT (Polkadot)! oh and a smaller position in Binance coin! Man, so many good investments!



I think thats all of them. Bitcoin, Cardano and Ethereum are def. the biggest holdings.
49   Onvacation   2021 Feb 10, 4:16pm  

G36 says
HODL and wait until dumb money

Would that be the next, or last greatest fool?
50   WookieMan   2021 Feb 10, 4:32pm  

G36 says
I think thats all of them. Bitcoin, Cardano and Ethereum are def. the biggest holdings.

So no travel? All that crypto and nothing to show for it. Can't even name a place on a fucking map beside Socal. You're a bot/spammer dude. Your program is running poorly.
51   Patrick   2021 Feb 10, 5:52pm  

komputodo says
Its been around several years already.


It was 2009, more than several years.
52   Bitcoin   2021 Feb 10, 8:39pm  

@Patrick, @Cash and other crypto holders

what do you guys think where we are in the cycle for Bitcoin and why?



My impression the last few weeks was we are in the belief stage. I gauged it by looking at google trend charts, at # of viewers/likes that some of the big names in the crypto space get. I also looked a new addresses created for Bitcoin and if the majority of money is sitting in wallets or on exchanges. There are other charts that break it up in smart money>institutions>retail>dumb money=cycle top. And obviously I assumed we are in the institutions phase because PayPal, Microstrategies, Grayscale are buying BTC like there is no tomorrow.

But the last 24h changed my view. Tesla bought 1.5B USD of Bitcoin. 10% of Tesla's cash is now in Bitcoin. That would support my view we are in somewhat in the middle between institutions/retail or belief stage.

However, two things here made me question my view:
The avg. Joe doesnt really understand how big this news is. Many haven't even heard/recognized the news. Said differently, the herd doesnt know that this will start a new trend of more and more institutions / companies purchasing Bitcoin to hold for the long term on their balance sheet. Secondly, many companies came out and were surprised about it or questioned Tesla's decision. These companies haven't even started the evaluation process. Many will follow Tesla's move.

This shows me we are not in the belief stage yet. We are in the disbelief stage. We are very, freaking early.
If that is true, than this bull run will be astronomical. It could easily go much higher than I imagined a few weeks ago.
53   Bitcoin   2021 Feb 10, 8:47pm  

This is what I am talking about!

https://cointelegraph.com/news/tesla-s-1-5b-bitcoin-purchase-leaves-treasury-experts-scratching-heads?fbclid=IwAR1TtvSNwFEJ3lRikGIfv48nM_TLFqQ-NUVuWkOrhNtWnHgJp1kCQFZ5o2g

"Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade."

I think what Tesla did here is causing a paradigm shift.
54   Rin   2021 Feb 10, 9:05pm  

G36 says
I think what Tesla did here is causing a paradigm shift.


Isn't this basically, taking assets from one bubble, the non-stop rise of Tesla's price, and putting it into another, just to give that collective bubble, two legs instead of one?

Wasn't the purpose of bitcoin, to facilitate point of sales? How is that possible when the price of goods goes from let's say $100/per fractional bitcoin to $50/per fractional bitcoin, within a day? In other words, the price doubling, making the price of that good 1/2.

That's not a currency. That's a wannabe digital gold but w/o the centuries of price action which gold has experienced.
55   porkchopXpress   2021 Feb 10, 9:06pm  

WookieMan says
G36 says
I think thats all of them. Bitcoin, Cardano and Ethereum are def. the biggest holdings.

So no travel?
What's the obsession with travel? A wise man once said that people who take lots of vacations are just trying to escape their shitty life. Joking aside, I love where I live and my daily life. I'm truly happy so why try to escape it?

I know many people really like traveling, but I'm not that big on it and don't see the allure unless it's to be with people I like.
56   Rin   2021 Feb 10, 9:08pm  

porkchopexpress says
I'm truly happy so why try to escape it?


Because it's easier to fuck hoes in Thailand while living the good life.
57   Bitcoin   2021 Feb 10, 9:10pm  

porkchopexpress says
WookieMan says
G36 says
I think thats all of them. Bitcoin, Cardano and Ethereum are def. the biggest holdings.

So no travel?
What's the obsession with travel? A wise man once said that people who take lots of vacations are just trying to escape their shitty life. Joking aside, I love where I live and my daily life.


Agree 100%. I usually ignore 90% of what he posts and just pick 1-2 words to quote.
58   Bitcoin   2021 Feb 10, 9:14pm  

Rin says
G36 says
I think what Tesla did here is causing a paradigm shift.




Wasn't the purpose of bitcoin, to facilitate point of sales?


No, Bitcoin is seen as digital gold. A store of value. Its better than holding cash because its the best performing asset.

Think about it....why would I want to spend my Bitcoin? Next month they are worth 2x more. In a year, they might be 10x more. So why waste them? Hold and generate generational wealth.
59   WookieMan   2021 Feb 11, 4:24am  

porkchopexpress says
Joking aside, I love where I live and my daily life. I'm truly happy so why try to escape it?

I love where I live too. I also love the Caribbean. I love Florida. Love California, Montana, Washington, Mexico, etc. I love all these places. Does the same scenery not get old? I think it does. It for sure does. Doing the same thing over and over is the definition of...... you know.

You don't have to answer, but if you have kids it's not at all good for them to sit in one place. They don't think the scenery is beautiful. It's just what they know and haven't seen anything else. I hype it because I think it's good for everyone to do. Trust me, I could be pumping it here and using my referral links to have others get me points. I don't because that's spam.

Then there's the question of why multi-millionaires/billionaires are fleeing CA. If it's so great and the cost of living for them is less than a penny on the dollar, why are they leaving? It's clearly not that great. People matter and I think that's the biggest problem with CA. I'm assuming that's where you are, as most users are here. CA has a people problem. IL does too admittedly, but it's the place I can live my best life right now. And it's awesome.

But I still love sitting on a beach having an Imperial in Costa. Having a Red Hook in the Caribbean. Snorkeling. Snowboarding at the biggest skiing in the country in Montana. National parks in Utah this past summer. I don't know what's not to like. Sure you can do some of that in CA, but to get the best you have to go elsewhere.

I'm more or less just pointing this out.......

G36 says
Hold and generate generational wealth.


Staying in one place is like holding. There will be no generational wealth. There will be nothing. And life will have been pissed away missing out on experiences, people and places. Do the same thing over and over. That sounds like pure misery to me.
60   Bitcoin   2021 Feb 11, 6:37am  

And Bitcoin goes mainstream:

https://www.cnbc.com/2021/02/11/bny-mellon-to-offer-bitcoin-services-a-validation-of-crypto-from-a-key-bank-in-the-financial-system.html

BNY Mellon to offer bitcoin services, a validation of crypto from a key bank in the financial system

Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies.

https://markets.businessinsider.com/currencies/news/mastercard-allow-cryptocurrencies-use-payments-network-2021-2-1030071595

Mastercard will allow merchants to accept select cryptocurrencies on its network later this year
61   Bitcoin   2021 Feb 11, 6:43am  

lets make some guesses

"Mastercard said it will offer support for customers to transact in some select cryptocurrencies this year."

I am expecting BTC and ETH. Hoping for Cardano as well. Cardano is one of my biggest holdings.
62   WookieMan   2021 Feb 11, 6:47am  

No new ignores. I think I struck a nerve. Did I just spell out G's life? No half assed response yet?

WookieMan says
Staying in one place is like holding. There will be no generational wealth. There will be nothing. And life will have been pissed away missing out on experiences, people and places. Do the same thing over and over. That sounds like pure misery to me.
63   Bitcoin   2021 Feb 11, 6:49am  

G36 says
lets make some guesses

"Mastercard said it will offer support for customers to transact in some select cryptocurrencies this year."

I am expecting BTC and ETH. Hoping for Cardano as well. Cardano is one of my biggest holdings.


Also hoping they will add chainlink! I can't take all this winning!
64   Bitcoin   2021 Feb 11, 6:51am  

https://www.forbes.com/sites/billybambrough/2021/02/11/2-trillion-investment-giant-bny-mellon-reveals-bitcoin-and-crypto-plans-digital-assets-are-the-future/?sh=190276b676e4

The oldest US bank says, crypto is the future. BAWAHAHAHAHAHAHAHHAHA

"$2 Trillion Banking Giant BNY Mellon Reveals Bitcoin And Crypto Plans—‘Digital Assets Are The Future’"
65   WookieMan   2021 Feb 11, 7:15am  

G36 says
The oldest US bank says, crypto is the future. BAWAHAHAHAHAHAHAHHAHA

"$2 Trillion Banking Giant BNY Mellon Reveals Bitcoin And Crypto Plans—‘Digital Assets Are The Future’"

You really don't understand do you. They'll digitize the thing you use to buy crypto $$$$. Crypto is dead when they want it to be. Could be tomorrow.

Is there a reason that almost every country and person has a keyboard that has Shift+4? The oil your car is filled with is Shift+4. You don't have gains, but if you did with crypto, you're gonna have to come up with Shift+4. You'll learn.
66   Bitcoin   2021 Feb 11, 7:18am  

WookieMan says
G36 says
The oldest US bank says, crypto is the future. BAWAHAHAHAHAHAHAHHAHA

"$2 Trillion Banking Giant BNY Mellon Reveals Bitcoin And Crypto Plans—‘Digital Assets Are The Future’"

Could be tomorrow.

.


Yep, mass adoption is here.
67   WookieMan   2021 Feb 11, 7:44am  

personal
68   WookieMan   2021 Feb 11, 8:57am  

WookieMan says
awaiting moderation

Struck a nerve. lol.
69   WookieMan   2021 Feb 11, 9:58am  

WookieMan says
personal

Dammit. Oh well. Not my call. Must of struck a personal nerve though to get it flagged. I'm sorry. I won't hurt feelings anymore. I'll just keep telling the truth. Feels good being honest.
70   Bitcoin   2021 Feb 11, 10:03am  

WookieMan says
WookieMan says
personal

Dammit. Oh well. Not my call.


Yep :) good thing we have moderators here otherwise it gets out of hand and we get away from discussing mass adoption of Crypto. please stay on topic :)
71   Cash   2021 Feb 11, 10:09am  

It's sickening the dude says he is here to save everyone and he can not point to 1 legitimate supportive reply he has made in his story telling
that is anywhere near the ++++++++++++++++++++++++++++++++++++++++ BTC story lmao... Notice he comes to shit mutt running ;)
72   Bitcoin   2021 Feb 11, 10:14am  

I usually ignore his posts. His posts dont contribute to the topic but are personal. Not sure why Bitcoin and Tesla buying Bitcoin is such a pain point for him. He cant stop innovation and mass adoption. If you cant beat them, join them!
73   WookieMan   2021 Feb 11, 10:48am  

Cash says
It's sickening the dude says he is here to save everyone and he can not point to 1 legitimate supportive reply

Power goes out tomorrow, how do you get goods? This isn't fantasy with Biden giving up our power grid. How do you trade crypto? What if your power comes on later and the melt down already happened. You need cash to feed your family. It won't recover after that. It was dead for 3 years after a normal market swing. All faith will have been lost in the very few that trade it. It's a fantasy guys. You don't answer questions about what you want people to invest in. It's worse than a time share sell.
74   WookieMan   2021 Feb 11, 10:50am  

G36 says
I usually ignore his posts.

You don't answer questions. Personal? Lol. I'm not sissy anymore? Oh that's right, grown men don't call each other that, they man up. I'll give you the flight information and not my name. Find me. Put me in my place. You won't. You don't have the fucking money to get to me. That's the best part in these threads.
76   Bitcoin   2021 Feb 11, 1:03pm  

https://www.nasdaq.com/articles/amazon-preparing-to-launch-a-digital-currency-project-in-mexico-2021-02-10

the ultra bullish news for crypto just wont end. Get this:

"Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico"

"“This product will enable customers to convert their cash in to digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video,” one job post said of Amazon’s “new payment product.”"

Soon, we can rename Cancun to Can-Moon!
77   clambo   2021 Feb 11, 1:28pm  

This seems nutty to me.
Musk at least is entertaining.

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