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BITCOIN

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    edited 19 May 2021 at 7:59PM
    HansOndabush said:
    ZingPowZing said:
    HansOndabush said:
    ZingPowZing said:
    HansOndabush said:
    Burry has already shorted Tesla, let's see how that works out.
    Easy for him to say that now..how has is investment in water done for the last 13 years?
    Never trust a seer.
    He's not just saying it, he has done it; I provided the link earlier in this thread. 400M short on Tesla. You do write some strange posts.

    Sorry, I'd not seen your link to Burry, Hans.
    And since most of your posts concern (shorting) Bitcoin, please post it below.
    There are plenty if you just google 'Burry shorts Tesla' e.g.
    Very few of my posts concern shorting bitcoin. I am not short bitcoin and would not recommend it. I do think it is worthless but while the cult mania continues it can go to any price.

    This article is from YESTERDAY  
    Don't be guided by a bul***tter who is right once every 13 years. The trouble with those contrarians being they get their customers to cushion the lean times then keep the windfall.
  • thegentleway
    thegentleway Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    HansOndabush said:
    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? :)
    Oh dear, hope it bounces back for him and Tesla shareholders.
    Sorry I upset you with my google comment.
    No one has ever become poor by giving
  • HansOndabush
    HansOndabush Posts: 470 Forumite
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    I'd say Tesla is going down; chart looks bearish.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    edited 19 May 2021 at 9:17PM
    HansOndabush said:
    I'd say Tesla is going down; chart looks bearish.
    Money has been switched to VW ( & Porsche) in the past few months. 
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    HansOndabush said:
    I'd say Tesla is going down; chart looks bearish.
    Well yes, if Bitcoin goes down, Tesla goes down (less) and Apple goes down (less) and the whole market goes down (less).

    Apple used to be the most heavily traded stock but now it is Tesla. But even trade in Tesla is dwarfed by that in Bitcoin.  10% of Bitcoin is traded every day, compared to less than 1% of Apple. 
  • HansOndabush
    HansOndabush Posts: 470 Forumite
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    That's because Bitcoin is a speculative asset, not an investment.
  • Scottex99
    Scottex99 Posts: 815 Forumite
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    HansOndabush said:
    That's because Bitcoin is a speculative asset, not an investment.
    What's the difference?

    You're putting money in to make more money. Whether you steadily grow 5% per year or do +300% one month and -200% the next, there's no difference to me, other than personal risk appetite.
  • thegentleway
    thegentleway Posts: 1,095 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Scottex99 said:
    HansOndabush said:
    That's because Bitcoin is a speculative asset, not an investment.
    What's the difference?

    You're putting money in to make more money. Whether you steadily grow 5% per year or do +300% one month and -200% the next, there's no difference to me, other than personal risk appetite.
    The main difference is that companies produce products/services and generate cash whereas Bitcoin just sits there doing nothing. 
    No one has ever become poor by giving
  • prowla
    prowla Posts: 14,215 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    HansOndabush said:
    That's because Bitcoin is a speculative asset, not an investment.

    Aren't all shares too, and the price of gold?
  • Scottex99
    Scottex99 Posts: 815 Forumite
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    thegentleway said:
    Scottex99 said:
    HansOndabush said:
    That's because Bitcoin is a speculative asset, not an investment.
    What's the difference?

    You're putting money in to make more money. Whether you steadily grow 5% per year or do +300% one month and -200% the next, there's no difference to me, other than personal risk appetite.
    The main difference is that companies produce products/services and generate cash whereas Bitcoin just sits there doing nothing. 
    Bore off you. Google some of the DeFi projects and see what they do
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