Post
Topic
Board Bitcoin Discussion
Re: Tesla Bitcoin purchase
by
ice098
on 28/02/2021, 22:09:51 UTC
Now am thinking,  how can Tesla invested such huge amount on btc few days ago and the market is this bearish? Where is the $1.5 bn or this amount is too insignificant to make an impact! And the news did not just end with Tesla, there were other similar news within that period Tesla was announced,
Anyways, am bullish so I believe those moneys will still have a huge impact in near future.
So you mean you are blaming Tesla and others for this bear market? Well mate not because they bought a huge number of bitcoin they will eaisly make the market bearish. Bitcoin dumping or corrections is normal and it could happen regularly when overbought might happen after that expect the price of the coin will bounce it will have a gain. There's no new Tesla and other will continue to invest or hodl their bitcoin and maybe during this period they will accumulate more. Also fyi Tesla bought weeks ago and it cause pump instead of dump.