BITCOIN

Thrugelmir

HansOndabush said:

Yeah basically if its gone down you've lost. End of. You then have to decide whether to sell and limit further losses or carry on holding in the hope of a reversal in fortune. Either way you have lost, fact.

All depends on your entry price. For every loser there's a winner. 

thegentleway

HansOndabush said:

Scottex99 said:

TimSynths said:

Well that was a bit brutal! I've been through this before and its never nice but i'm not as panicked as I was the first time.

Yeah, chilling.

Asia might crash it again but picked up some nice buys near the lows. Now Elon is tweeting that Tesla has Diamond Hands haha, weirdo

What else can he tell Tesla investors? The truth is he has gambled with their cash and lost for now.

Wasn’t the announcement at the start of the year so he’s probably still up...

IvanOpinion

I did say that when it drops below £10K again I might consider a flutter - guess I may have to put my money where my mouth is in the near future..

HansOndabush

thegentleway said:

HansOndabush said:

Scottex99 said:

TimSynths said:

Well that was a bit brutal! I've been through this before and its never nice but i'm not as panicked as I was the first time.

Yeah, chilling.

Asia might crash it again but picked up some nice buys near the lows. Now Elon is tweeting that Tesla has Diamond Hands haha, weirdo

What else can he tell Tesla investors? The truth is he has gambled with their cash and lost for now.

Wasn’t the announcement at the start of the year so he’s probably still up...

Nope. 8th Feb when bitcoin was around $40K; now $34K.  I thought you were an expert on using google as you had lectured me on it?

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

Thrugelmir

thegentleway said:

HansOndabush said:

Scottex99 said:

TimSynths said:

Well that was a bit brutal! I've been through this before and its never nice but i'm not as panicked as I was the first time.

Yeah, chilling.

Asia might crash it again but picked up some nice buys near the lows. Now Elon is tweeting that Tesla has Diamond Hands haha, weirdo

What else can he tell Tesla investors? The truth is he has gambled with their cash and lost for now.

Wasn’t the announcement at the start of the year so he’s probably still up...

Musk is to rich to care. His shareholders might not feel as relaxed. Given that none of the operating divisions of Tesla are as yet profitable. 

[Deleted User]

You have to think that Bitcoin could collapse very quickly.
 A trillion $ proposition reduced to its vestigial worth. 
What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...

Prism

ZingPowZing said:

You have to think that Bitcoin could collapse very quickly.
 A trillion $ proposition reduced to its vestigial worth. 
What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...

Bitcoin to Tesla to Apple - interesting leap but I don't see it.

Scottex99

$40k again, Asia come in and pump it and its all gravy baby

[Deleted User]

Prism said:

ZingPowZing said:

You have to think that Bitcoin could collapse very quickly.
 A trillion $ proposition reduced to its vestigial worth. 
What would be the upshot? Well $900 billion wiped off the investor balance sheet won't help market sentiment. Next target Tesla.
After that, maybe Apple. But Apple would be far more resilient: providing all the things for an investor that Bitcoin lack: revenue, big data, share-buyback, dividends etc...

Bitcoin to Tesla to Apple - interesting leap but I don't see it.

Lead indicator of mkt sentiment is Bitcoin, followed (literally) by Tesla, followed by Aapl, followed by the rest, in ever more shallow gradations. So, I wouldn't be too worried about the price of a staid and stolid investment but would look to what Bitcoin is doing for direction, nine times out of ten it will be correct.

HansOndabush

Burry has already shorted Tesla, let's see how that works out.