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Started By
Message
re: Nexon adds $100 million of BTC to their balance sheet
Posted on 4/28/21 at 9:03 am to UltimaParadox
Posted on 4/28/21 at 9:03 am to UltimaParadox
quote:
no chance they are holding a competitor's product
bitcoin has no ceo or founder
that's another reason I aped all in
0
Posted on 4/28/21 at 9:04 am to wutangfinancial
quote:
. I didn't realize how dumb these public companies are until you mentioned it.
Tesla made more money selling 10% of their bitcoin in 6 months than they've made in a decade selling cars
This post was edited on 4/28/21 at 9:05 am
Posted on 4/28/21 at 9:20 am to rocket31
quote:
Tesla made more money selling 10% of their bitcoin in 6 months than they've made in a decade selling cars
bro...you dont know shite...dont you know wutang is a financial guy and he knows way way more than the wealthiest man in the world.
STOP PUMPING YOUR PONZI SCHEME!!! WTF YOU GONNA DO WHEN THEM MINERS TURN ON YOU AND HACK YOUR shite??? HUH???
its like 2017 all over again
:banghead:This post was edited on 4/28/21 at 9:21 am
Posted on 4/28/21 at 9:26 am to I Love Bama
quote:
it can only go up.
Posted on 4/28/21 at 9:30 am to lsu777
I kick myself for not being earlier on this but when I read stuff like that it is good reassurance on how early we still actually are 
This post was edited on 4/28/21 at 9:31 am
Posted on 4/28/21 at 9:34 am to lsu777
There was a random bitcoin thread that made the front page of reddit yesterday... not joking ~99% of people still do not understand it
Posted on 4/28/21 at 9:42 am to 21JumpStreet
dude even people that do are thinking we are in the alt season already and we arent close really
Posted on 4/28/21 at 9:47 am to lsu777
quote:
lsu777
rational response to the subject of GAAP accounting for bitcoin. Elon Musk got lucky he timed his purchase and sale correctly. Unless he has influence on the price he was playing the greater fools errand with a $750B company. It doesn't get much dumber than that when your equity is already gold in comparison. You should probably stop stalking me if you can't have a conversation. You just made up something in your head that you think I either said or believe and it's incoherent considering my own skin in this game. Wanting the FASB to change the rules of accounting to help out companies wanting to hold bitcoin to make it economically more valuable doesn't merit an irrational meltdown.
Posted on 4/28/21 at 9:55 am to wutangfinancial
quote:
You just made up something in your head that you think I either said or believe and it's incoherent considering my own skin in this game. Wanting the FASB to change the rules of accounting to help out companies wanting to hold bitcoin to make it economically more valuable doesn't merit an irrational meltdown.
i didnt melt, promise...and i dont care about the accounting rules
quote:
rational response to the subject of GAAP accounting for bitcoin. Elon Musk got lucky he timed his purchase and sale correctly. Unless he has influence on the price he was playing the greater fools errand with a $750B company. It doesn't get much dumber than that when your equity is already gold in comparison.
yea that 101 million dollar profit on btc in 2 months was so fricking foolish.
do you realize how stupid you sound?
and before you start spouting off, you may want to learn a little on how digital currencies are considered "indefinite-lived intangible assets."
LINK
ELON IS FOOLISH FOR MAKING 101 MILLION IN PROFIT!!!! HE HAS NO CLUE WHAT HE IS DOING!!!!
:bow: Never change man, never change.
Posted on 4/28/21 at 9:57 am to lsu777
Posted on 4/28/21 at 10:16 am to lsu777
quote:
and before you start spouting off, you may want to learn a little on how digital currencies are considered "indefinite-lived intangible assets."
Uhhh, that's exactly what he posted earlier.
Posted on 4/28/21 at 10:22 am to lsu777
as of this point it would be dumb for other companies to not add a large sum of bitcoin to their balance sheet then report it, because after they report it the price of bitcoin is guaranteed to rocket up, then they can sell it and add profits without affecting any single entity
so easy for them to manipulate
Posted on 4/28/21 at 10:27 am to DVinBR
quote:
as of this point it would be dumb for other companies to not add a large sum of bitcoin to their balance sheet then report it, because after they report it the price of bitcoin is guaranteed to rocket up, then they can sell it and add profits without affecting any single entity
so easy for them to manipulate
not really easy to manipulate.
but overall the btc tesla bought, appreciatted 700 million in 2 months.
they lost 85 million on actually selling cars last quarter.
Posted on 4/28/21 at 10:27 am to Shameless
quote:
For all you Bitcoin pumpers, are you simply holding BTC shares or are you actually getting on Coinbase and the likes and directly purchasing and/or mining for Bitcoin?
Shares? Got the BTC in Voyager. But most of the crypto allocation is in DeFi AMM utilizing Binance Smart Chain.
Posted on 4/28/21 at 10:27 am to MusclesofBrussels
quote:
Uhhh, that's exactly what he posted earlier.
cool, i was wrong...he knows accounting.
he is still wrong about everything else.
Posted on 4/28/21 at 10:49 am to lsu777
What am I wrong about? That the GAAP treatment of accounting is really dumb and needs to be changed? Please do tell
Posted on 4/28/21 at 11:14 am to wutangfinancial
quote:
It's not legal tender
lmao. better let musk and cuban know that before it's too late
Posted on 4/28/21 at 11:21 am to wutangfinancial
A) anything can be legal tender if you accept it as payment
B) that Elon was foolish, you called him that after having a 700 million dollar appreciation. So instead of holding cash reserves he secured 101 million in profit and had the remaining investment appreciate almost 600 million.
So fricking foolish.
B) that Elon was foolish, you called him that after having a 700 million dollar appreciation. So instead of holding cash reserves he secured 101 million in profit and had the remaining investment appreciate almost 600 million.
So fricking foolish.
Posted on 4/28/21 at 11:26 am to lsu777
the game theory is where this gets really interesting. the first fang who adds, then announces, can pretty much expect a $~10k candle
not sure how you can sit on the sideline much longer once the first domino falls
not sure how you can sit on the sideline much longer once the first domino falls
Posted on 4/28/21 at 11:27 am to lsu777
No doubt they sold to boost quarterly numbers right?
Car sales losing money? Screw it sell
Some
Of that crypto!
#liquiditytest LOL
Car sales losing money? Screw it sell
Some
Of that crypto!
#liquiditytest LOL
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