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re: Official CryptoTalk Thread

Posted on 5/16/21 at 3:54 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 3:54 pm to
Already figured he’d started liquidating.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/16/21 at 3:55 pm to
yea tesla sold in the ~$50s

all this FUD now can be attributed to a variety of reasons but theyve been out for a while

Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/16/21 at 3:59 pm to
quote:

Already figured he’d started liquidating.


regardless of his elons change of heart about bitcoin (lol), im not sure how tesla investors can look at this behavior and trust him with the company
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 4:01 pm to
what a great and rational board and CEO to let their company invest 1.5 billion USD into an asset they absolutely hate and publicly criticize daily now
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/16/21 at 4:02 pm to
Or figure investing in someone with that much sway over a 2T market cap space isn’t a bad idea
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/16/21 at 4:04 pm to
quote:

Here is another general rule.

Whenever you hear news of big institutional money buying into crypto, they already bought a long time ago.

When you hear of that same money liquidating, they sold a long time ago.


THIS^^^
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/16/21 at 4:10 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 4:13 pm to
I wish he would just liquidate and shut up then. Enjoy the fact that you profited off a pump and dump and the crypto and specifically the BTC community will move on without you and thrive long term
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/16/21 at 4:18 pm to
the most amusing part of this whole situation is that he made more money buying and selling bitcoin than he ever did with tesla
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/16/21 at 4:21 pm to
Posted by Sho Nuff
Oahu
Member since Feb 2009
13642 posts
Posted on 5/16/21 at 4:27 pm to
quote:

I wish he would just liquidate and shut up then. Enjoy the fact that you profited off a pump and dump and the crypto and specifically the BTC community will move on without you and thrive long term


Seriously. He’s got such a little mans complex. BTC was doing fine before he came in big. Obviously appreciated my BTC going up to ATH though, but he’s too mental and for some reason millions of weaklings are selling their BTC because of his bogus claims.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/16/21 at 4:29 pm to
We're in a clown world. A billionaire tweeting drops my portfolio down 30% in a week. I'm not really ahead anymore despite having multiple alts skyrocket.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 4:31 pm to
Be happy you are treading water. I’m down a lot
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5585 posts
Posted on 5/16/21 at 4:34 pm to
The last cycle had quite a few big dips. How many is this now?
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5585 posts
Posted on 5/16/21 at 4:35 pm to
And for the record. I am never buying a Tesla. Like ever!!!!! Lmao
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/16/21 at 4:37 pm to
yea.. I'm not ready to jump back in bullish yet

I'm thinking he has one or two more anti bitcoin tweet storms left in him.

hopefully after that plays out, people just start to no longer care about Elon

an enterprising CEO of another competing company has a pretty big opportunity here if they're savvy enough to recognize it
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82097 posts
Posted on 5/16/21 at 4:45 pm to
You were always in it for the long term. Don’t let the day to day or week to week affect you. Easier said than done I know. Bitcoin is fine long term.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/16/21 at 4:51 pm to
Oh I’m rock solid dude just having fun. Time horizon is decades and I don’t move in and out of positions, I just hold and wait.

I do strongly dislike Elon now so I guess that’s the biggest change in my outlook
This post was edited on 5/16/21 at 4:56 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/16/21 at 4:55 pm to
imo the investment thesis needs to change short term

I can see it being illegal to own bitcoin on institutional balance sheets because of ESG

but long term, yeah, bitcoin will win
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/16/21 at 4:59 pm to
quote:

imo the investment thesis needs to change short term

Agreed. Flippening, BTC.D records lows, and doge $1 are what I’m looking for
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