Post
Topic
Board Bitcoin Discussion
Re: Latest FUD from Elon Musk: Tesla Has Diamond Hands
by
boyptc
on 20/05/2021, 08:05:12 UTC
Does that diamond means bitcoin?

This is a great question. What is he referring to? Is it surely Bitcoin? or maybe Doge? or Tesla stocks? or something else?
On the other hand, do we really care, actually?
Speculators assuming that it's bitcoin but yeah, why would we care? bitcoin will eventually will recover even without him.
Does that diamond means bitcoin? he's quite becoming a toxic guy but sure he's loving all the attention that's given to him by the world.

He said that Tesla has sold 10% and is likely to sell the remaining and then said that won't be selling. While the people are depicting that he got bitcoin(diamond) on hands?

Of course he sold it all hell, he bought in at $42k, and now its at $30k, its borrowed money that TSLA used to buy BTC, it went up to $66k

He's already cashed out, if he held any of this bile, then TSLA is already bankrupt on the books, it was already in the red, the BTC was to earn cash to keep the company afloat

Remember DeLorean did this years ago to keep his company afloat, he used company cash to buy $100M USD in cocaine.
Back at short time in $40k and at least he got seen again this level quickly. He's playing the market against the entire world who gives the attention to him while he takes advantage of it.