Post
Topic
Board Speculation
Re: Effect of Tesla bitcoin sale not significant
by
Rikafip
on 22/07/2022, 15:14:21 UTC
PS. It was a big surprise for me that Tesla did buy high and sell low. I've been expecting them be smarter.
Why do you think that they made a loss on those 75% BTC that they sold? Afaik they bought Bitcoin before December 2021 when price was around 20k, and they didn't sell yesterday but sometime before that so there is a high chance that in the end they profited from this trade.


Totally addicted to green, in every possible sense and form, and maybe we would have more luck if by any chance the Bitcoin logo was green, when it doesn't help that more than 50% of the energy used for Bitcoin mining comes from renewable sources...
In that regard I don't think that he is any worse than a huge majority of bitcoin hodlers who only see it as a way to increase their fiat amount and bitcoin proved to be a very good for that.