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/biz/ - Business & Finance

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28095015 No.28095015 [Reply] [Original]

>Uses money from own asset bubble to buy top of another asset bubble
This guy will either become President of Earth or hang himself in federal prison after being revealed as the millennial redux of Bernie Madoff or Enron.

>> No.28095181
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28095181

How do you buy 1.5bn of btc and the price only moves up when you announce that you bought it?
Also why is doge still pumping? Tesla literally just announced they have interest in btc, not doge. It makes no fucking sense.

>> No.28095192

>>28095015
bitcoin isnt even 1/4th of its market cycle

>> No.28095294

>>28095181
doge typically pumps with bitcoin

>> No.28095385

>>28095181
believe it or not if you call 1800coinbase or 1866binance you can buy from reserves OR they can set you up with a slow buy in

do you really fucking think groups like grayscale just log in with their fuckign email and market buy millions and billions worth of cones like we do?

>> No.28095439

>>28095181
the price has been rising for months. The announcement caused shorts to cover.
Basically he can now sell you his BTC and have a hefty ROI
>>28095192
Myspace wasn't in the 1/4th of its market cycle either.
BTC is simply useless. The technology of crypto currency is worthy investment but BTC is the purest example of a Keynesian beauty contest
Very good name. Bit Coin... sound cool.

>> No.28095456

>>28095015
If things go well he'll be the millennial version of adolf hitler.

>> No.28095495

>>28095181
they buy slowly with algos during time when u have 100 threads on biz about tether and bullshit like that

>> No.28095536

>>28095181
Elon musk assets are traded by AI and algorithms mostly too.

>> No.28095595

>>28095439
gentlemen I present to you 0 IQ

>> No.28095631

>>28095181
Probably been acoomulating since Tesla opened in China. Free solar and battery storage in exchange for direct payments from miners before it ever hits the market. I'm more curious what they need that much liquidity for and why they would want direct exposure like that.

>> No.28095670

>>28095595
Explain why.

>> No.28095795

>>28095631
I bet he bought literally the same day he changed his twitter bio with a single order. I don't think he has good financial acumen. He's a hype man.

>> No.28096002

Bet he bought it from a whale for less than 10% of the exchange - listed value

>> No.28096109

>>28096002
this, whales dont buy on exchanges, they trade directly between each other

>> No.28096259

>>28096109
If Elon was trying to buy BTC from me I'd say fuck no because it'll obviously squeeze a good 10-20% as soon as he announces he's bought BTC.

>> No.28096336

>>28095181
>This guy thinks elon just aped in 1.5bn spot btc
you're ngmi child, sorry brain too smooth

>> No.28097110

MEMECOIN IS MONOPOLY MONEY and central banks will ban its use the moment it becomes a threat to their own currencies.
You saw what happened to GME stock once a single broker restricted trading? Bitcoin will drop to literally zero once central banks move against it.

>> No.28097367

>>28097110
True. Buy the digital yuan or embrace accelerationism and hope the New World Order decides to use BTC.

>> No.28098754

>>28097367
>Buy the digital yuan
how?