It's not about 2020 or even 2021. The world fundamentally changed with that announcement.Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin.
2020 will never end.
You can short bitcoins many ways:Seems to me he's still bitter about Tesla being such a favour for short sellers, so he invested the company's wealth in the most unshortable stock there is: Bitcoin.
Or you can avoid this entire hot mess, and sleep easier knowing that you're not risking pissing money down the drain.You can short bitcoins many ways:
https://www.investopedia.com/news/short-bitcoin/#:~:text=One of the easiest ways,order to make a trade.
And you can always do it manually if you think it will go down soon, selling now with the plan of rebuying letter.
Damn, that's some expensive coffee.Super thankful that I managed to get a 5600XT on sale late last year. Was supposed to be temporary but looks like it is going to be permanent as I've lost hope on getting a better card for a reasonable price.
On the other hand I've been mining on all my PCs. Comes out to $10 a day, pays for a cup of coffee or two...
Sounds like a job for Elon, if he could somehow rig it so it's awful for mining, but great for gaming, that'd swell.I imagine it is an extremely hard market to enter, if they have their own supply chain not dependant of those being bottleneck right now and not bottleneck already for what they are currently making, I imagine it would not need to be particularly good to be a smash success, but I am not sure if it is much possible.
This is the rational stance. You can't control Musk, the markets, others buying/selling... but you can control how you take advantage of it. A mentor once told me complaining about something beyond your control is "just bitching".I'm quite happy of that news. My crypto holdings made me a much happier man this morning.
There is no inherent value in a Bitcoin. If we had a USD Coin, that would have an inherent value, as it would be equivicol to fiat; backed by a central bank.
It seem closer to what gold was (before it had a lot of industrial usage in the modern world for it giving it floor value outside speculation) than what money is.
For a company that's publicly traded, and has a mountain of debt, both sold in bonds and otherwise, it seems highly irresponsible to take that money and put it in a slot machine, which is what Musk is doing. It may pay off; but also it may not. Either way, investing in TSLA = investing in BTC, and thus I am not ever going to buy that stock again. If I wanted to speculate, I'd just buy BTC, and let TSLA be 800% overvalued, carrying its 1m$ to 1 car current valuation; bought up by Musk fans. Admittedly, there are many, and I even like Musk, so in the end, I may be in the wrong, but I have investing rules for myself and this is a red line.
Yep, US dollar has never been used by criminals for shady and nefarious stuff ever, nope.
Kinda crazy that some investors would rather pile money into TSLA, rather than household name airlines, cruise liners, boeing, or really any other struggling stocks that are actually worth far more than their current traded value, and are 'recovery' plays in a time we're going to be recovering a bit from the virus. I suspect most of it has to do with how Musk essentially has his own cult following that thinks he's god. I mean Steve Jobs had that too....