Mo City
Active Member
OT: Coinbase (COIN) goes kablooey. Opens at +52% LOL!
Please do not respond. Maybe start a coinbase thread.
Please do not respond. Maybe start a coinbase thread.
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Selling BTC to buy COIN will be regretfulOT: Coinbase (COIN) goes kablooey. Opens at +52% LOL!
Please do not respond. Maybe start a coinbase thread.
Well, that $100B of purchases had to come from somewhere and I dare-say that a lot of investors interested in $COIN are likely also into $TSLA, so maybe a few had to sellOT: Coinbase (COIN) goes kablooey. Opens at +52% LOL!
Please do not respond. Maybe start a coinbase thread.
Definitely sold on the series, aka Oxford or serial, comma. To wit, this gem from a hit piece in today’s New York Times:
"Welcome to the Silver State, where Elon Musk, a cryptocurrency tycoon and a brothel owner are using a symbol of Americana as a social media recruiting tool."
The Next Level in Office Amenities: Wild Horses (Published 2021)
The mustangs at a Nevada office park are an example of the outrageous perks that businesses dangle to impress job candidates, but wildlife advocates are pushing back on efforts to market them.www.nytimes.com
Is it really? We talk about razor thin margins legacy deals with. 15k discount means someone is losing money. Can't give a 35% discount and call their margins razor thin if they are still making money.
Yeah...but good ole genius Gordo says "Tesla picked the low-hanging fruit of entering the world's largest three auto markets - US, China, Europe - and their sales grew just 2% quarter-over-quarter...' blah blah blahTesla Gigafactory Shanghai Made Model 3 Is March’s Best-Selling Midsize Sedan in China, All Types
In March 2021, Tesla achieved significant success in the Chinese market by producing and delivering a record high number of vehicles. The company also reached another milestone and the Tesla Model 3 became the best-selling mid-size sedan in China of all vehicles sold in the segment.www.tesmanian.com
The data showed Model 3 sales in March reached 25,327, an 85% increase over the prior month. This high sales volume allowed Tesla to achieve another milestone: Model 3 became China's best-selling midsize sedan of all new vehicles registered in the world's largest automotive market.
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Confession:Any money invested in any of those things is money not invested in TSLA. I don't get it.
There are plenty of other crypto that could serve very well instead of fiat, some have 3rd-gen blockchain, others are "stable-coins", i.e. not supposed to change in value too much, so I wouldn't say the concept is dead, it's just not evolved enough yetConfession:
My hard core skepticism to BTC softened after Tesla bought into it because I decided to take a closer look.
Conclusions:
BTC will never be a currency. Period. End of story. It's just a "store of value", similar to gold.
Once you digest this and ignore the pie-in-the-sky nutcases who believe digital currencies will completely replace fiat currencies issued by governments, the blue smoke and mirrors go away. There is some clarity.
Bottom Line:
I can actually see BTC tripling by 2025 or so and continuing to ascend after that. More major institutions will follow Tesla. The thing is, unless something weird happens, TSLA should do even better in that time frame with much less downside risk. The map for TSLA is clear. (1) The 4680 battery ramp will violently turn the ground-transportation world upside down. (2) If FSD achieves true autonomy in a couple of years, take #1 and multiply x 10. (3) Beyond 2025, battery storage margins and profits will go next-level. (4) Finally at some point, AI + software dwarf everything else.
I was only speaking of BTC. In due time, next-gen blockchain options could emerge and actually be useful for society at large.There are plenty of other crypto that could serve very well instead of fiat, some have 3rd-gen blockchain, others are "stable-coins", i.e. not supposed to change in value too much, so I wouldn't say the concept is dead, it's just not evolved enough yet
I don't know much myself, but started to self-educate when I bought some $DOGE for shts and giggles
This is unexpected. A net of 3 ETFs have unloaded their TSLA holding since April 6th.Quick update, 6 weeks later there are now 268 ETFs with exposure to TSLA. The rate of acquisition has slowed down significantly. This can last till 2022.
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Use crypto thread please and thank youI was only speaking of BTC. In due time, next-gen blockchain options could emerge and actually be useful for society at large.
oopsLook at the headline for the article/link that that excerpt was pulled from...
Well 3 shorts went out of business in that time.This is unexpected. A net of 3 ETFs have unloaded their TSLA holding since April 6th.View attachment 653768
Can’t say I really care if XPEV tanks. They stole Tesla autopilot data, so they’re dead to me. I am rooting for NIO though, although I don’t own the stock (I’m 100% TSLA )Once again, EV stocks down the crapper, no doubt the pre-market dump was the MM's, but otherwise they've been given a huge macro assist today - what about the poor $XPEV crowd, their new car revealed, looks OK, the result = -7.6%
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