OILERMAN Posted February 23, 2021 Report Share Posted February 23, 2021 Man what does Buffet and Gates know about investing! OilerTitanHybrid, and wiscotitansfan 1 1 Link to post Share on other sites More sharing options...
9 Nines Posted February 23, 2021 Report Share Posted February 23, 2021 (edited) 31 minutes ago, OILERMAN said: Bill Gates: I'm Not Bullish on Bitcoin https://www.bloomberg.com/news/videos/2021-02-23/bill-gates-i-m-not-bullish-on-bitcoin-video What will be most funny is if Musk makes many more Bitcoin purchases for Telsa (he strikes me as one who would do that just to demonstrate defiance) as it goes down, and it fully crashes. Then the other shareholders oust him over it. Tesla has already almost given up all its gains year to date. It has been steadily falling, and the gap down today, since the bitcoin purchase was announced. Many businesses analysts pointed out how bad it looked for Musk to put $1 billion into bitcoin sine it indicated he had nothing better to do with the money, which raises concerns that Tesla might be running out of promising operational investment / capital spending projects to fund, which is the opposite situation in which a "growth" company with a 200 forward PE ratio should be. Edited February 23, 2021 by 9 Nines Link to post Share on other sites More sharing options...
abenjami Posted February 23, 2021 Report Share Posted February 23, 2021 3 hours ago, 9 Nines said: What will be most funny is if Musk makes many more Bitcoin purchases for Telsa (he strikes me as one who would do that just to demonstrate defiance) as it goes down, and it fully crashes. Then the other shareholders oust him over it. Tesla has already almost given up all its gains year to date. It has been steadily falling, and the gap down today, since the bitcoin purchase was announced. Many businesses analysts pointed out how bad it looked for Musk to put $1 billion into bitcoin sine it indicated he had nothing better to do with the money, which raises concerns that Tesla might be running out of promising operational investment / capital spending projects to fund, which is the opposite situation in which a "growth" company with a 200 forward PE ratio should be. I actually have a theory that Tesla stock has tanked since Musk's bitcoin announcement because lots of shareholders don't want to own a car/battery company that is gambling assets on crypto. Link to post Share on other sites More sharing options...
abenjami Posted February 23, 2021 Report Share Posted February 23, 2021 @Supdawg What is my ideal entry point for BTC in this dip? Link to post Share on other sites More sharing options...
Supdawg Posted February 23, 2021 Report Share Posted February 23, 2021 (edited) 4 hours ago, abenjami said: @Supdawg What is my ideal entry point for BTC in this dip? 41-42K Edited February 23, 2021 by Supdawg Link to post Share on other sites More sharing options...
OILERMAN Posted February 23, 2021 Report Share Posted February 23, 2021 Where is the bottom for this "Abenjami crash" OilerTitanHybrid, and abenjami 1 1 Link to post Share on other sites More sharing options...
Supdawg Posted February 23, 2021 Report Share Posted February 23, 2021 8 hours ago, OILERMAN said: Man what does Buffet and Gates know about investing! Let's be honest, Buffet doesn't know jack shit about technology. And Gates is really clueless about Bitcoin. OILERMAN, and Bongo59 1 1 Link to post Share on other sites More sharing options...
OILERMAN Posted February 23, 2021 Report Share Posted February 23, 2021 Link to post Share on other sites More sharing options...
Supdawg Posted February 23, 2021 Report Share Posted February 23, 2021 (edited) Every single time. Bitcoin goes up, it's a scam. Bitcoin goes down, I told you so. Rinse repeat 100s of times over the past decade. Bitcoin only goes up given long enough time frame. That's all you need to know. This might be helpful to someone reading. Edited February 23, 2021 by Supdawg titanruss 1 Link to post Share on other sites More sharing options...
pat Posted February 23, 2021 Report Share Posted February 23, 2021 8 hours ago, OILERMAN said: Bill Gates: I'm Not Bullish on Bitcoin https://www.bloomberg.com/news/videos/2021-02-23/bill-gates-i-m-not-bullish-on-bitcoin-video His argument is that Bitcoin is anti-social and prone to use in money laundering and terrorism. You know, like a commodity Link to post Share on other sites More sharing options...
OILERMAN Posted February 23, 2021 Report Share Posted February 23, 2021 20 minutes ago, patsplat said: His argument is that Bitcoin is anti-social and prone to use in money laundering and terrorism. You know, like a commodity An unregulated uncontrolled one Supdawg 1 Link to post Share on other sites More sharing options...
9 Nines Posted February 23, 2021 Report Share Posted February 23, 2021 (edited) 6 hours ago, abenjami said: I actually have a theory that Tesla stock has tanked since Musk's bitcoin announcement because lots of shareholders don't want to own a car/battery company that is gambling assets on crypto. Oil companies did the same thing in the 1970s: real estate development: theme parks, master planned communities, consumer goods: oil products and additives, automotive products etc. and they were punished for it, but at least those were viable operations, not some valueless combinations of 1s and 0s in the ether. Also, putting billions into such a black-hole, sends a message Tesla has no viable projects in the future. Edited February 23, 2021 by 9 Nines titanruss 1 Link to post Share on other sites More sharing options...
Supdawg Posted February 23, 2021 Report Share Posted February 23, 2021 Tether FUD RIP Bongo59 1 Link to post Share on other sites More sharing options...
pat Posted February 23, 2021 Report Share Posted February 23, 2021 1 minute ago, OILERMAN said: An unregulated uncontrolled one Yes, it is engineered to be the perfect commodity. It's quite an anti-social investment and you will be welcome to mock me for that hypocrisy. Supdawg 1 Link to post Share on other sites More sharing options...
9 Nines Posted February 23, 2021 Report Share Posted February 23, 2021 I still remember in a 2016 campaign rally, bitcoin said, "I could stand in the middle of 5th Avenue and fall to $0 and I wouldn’t lose bitcoiners' support.” pat, Jamalisms, OILERMAN, and 1 other 1 3 Link to post Share on other sites More sharing options...
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