Tesla Invests $1.5B in Bitcoin

Discussion in 'Digital Currencies' started by hawkeye1, Feb 8, 2021.

  1. hawkeye1

    hawkeye1 Active Member

    Joined:
    Dec 26, 2020
    Messages:
    108
    Likes Received:
    112
    Trophy Points:
    43
    Location:
    Perth
  2. Lucky

    Lucky Well-Known Member Silver Stacker

    Joined:
    May 27, 2011
    Messages:
    519
    Likes Received:
    303
    Trophy Points:
    63
    Location:
    Western Australia
    Hopefully one day he will spend that on silver bullion
     
  3. hawkeye1

    hawkeye1 Active Member

    Joined:
    Dec 26, 2020
    Messages:
    108
    Likes Received:
    112
    Trophy Points:
    43
    Location:
    Perth
    lol, I don't think many institutions are that interested in Gold & Silver.
     
    Lucky likes this.
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,554
    Likes Received:
    1,906
    Trophy Points:
    113
    Location:
    Singapore
    musk is surely hoarding silver for his solar panel company along with battery raw materials and semiconductors for his EV company.

    look at platinum price, the way it is going up is like something bad is about to happen, looks like people are hoarding and preparing for something big ;)
     
    Lucky and leo25 like this.
  5. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,766
    Likes Received:
    2,037
    Trophy Points:
    113
    and Rhodium :eek:
     
  6. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,766
    Likes Received:
    2,037
    Trophy Points:
    113
    If Musk want's electric cars to succeed he better start investing in nuclear power. It seems the Chinese are the only ones that understands this.
     
    sgbuyer likes this.
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    4,241
    Likes Received:
    5,427
    Trophy Points:
    113
    Location:
    Oz
    It interesting to watch how the crypto markets react to anything Elon says or does.

    Imagine if he issued his own crypto currency...the "MUSK"......for whatever reason....demand would be HUGE just cos it's Musk.

    upload_2021-2-9_18-48-53.png
     
    66rounds and whay like this.
  8. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

    Joined:
    Sep 15, 2009
    Messages:
    2,555
    Likes Received:
    234
    Trophy Points:
    83
    Location:
    Adelaide
    ...there was a mention of gold ;)

    [​IMG]
     
    Lucky likes this.
  9. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    10,674
    Likes Received:
    2,780
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    building 1000 of nuclear power plants, need lots of yellow cakes
     
    leo25 likes this.
  10. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,532
    Likes Received:
    4,341
    Trophy Points:
    113
    Location:
    昆士蘭
    Why’s that?
     
    Last edited: Feb 9, 2021
  11. Number 47

    Number 47 Well-Known Member

    Joined:
    May 31, 2018
    Messages:
    320
    Likes Received:
    436
    Trophy Points:
    63
    I'm going to put my tinfoil hat on... just for a minute.

    Elon ... he's got a lot of faithful followers who'll follow his lead.

    I wonder if there's any motive other than investing behind his move?

    Price plateaus, Elon jumps in with a lazy 1.5B
    Will it cause a buying frenzy?

    Was their any basis to the claims Elon owned Bitcoin?
    From Wikki
    Sahil Gupta, former SpaceX employee, published a blog that Nakamoto may be Elon Musk. In a tweet dated 28 November 2017, Elon Musk denied he was Nakamoto.

    Surely not ... ok I'll remove my tinfoil hat now
     
  12. LiverBird

    LiverBird Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    396
    Likes Received:
    431
    Trophy Points:
    63
    Mate you were on to something. CoinMarketCap have just listed the Model3 (Tesla) coin lol.
     
  13. LiverBird

    LiverBird Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    396
    Likes Received:
    431
    Trophy Points:
    63
    Yes, please remove it lol.
     
    Number 47 likes this.
  14. Number 47

    Number 47 Well-Known Member

    Joined:
    May 31, 2018
    Messages:
    320
    Likes Received:
    436
    Trophy Points:
    63
    Great .... another boat I'm going to miss, last time I looked at digital coins I was stumped at the digital wallet part. I bet it goes crazy too.
    Screenshot_20210209-195810_DuckDuckGo.jpg
     
  15. LiverBird

    LiverBird Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    396
    Likes Received:
    431
    Trophy Points:
    63
    Nah, it's not real coin mate. Just CoinMarketCap having a bit of fun.
     
  16. Number 47

    Number 47 Well-Known Member

    Joined:
    May 31, 2018
    Messages:
    320
    Likes Received:
    436
    Trophy Points:
    63
    :D .... it had me
     
    LiverBird likes this.
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

    Joined:
    May 25, 2018
    Messages:
    3,554
    Likes Received:
    1,906
    Trophy Points:
    113
    Location:
    Singapore
    The trouble is it will take 10 years to build and by then we’ll be using hydrogen from NG instead.
     
  18. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,532
    Likes Received:
    4,341
    Trophy Points:
    113
    Location:
    昆士蘭
    Source? I can't find it.

    Edit to add: somebody else might have to ask @Bullion Baron that question. I'm pretty sure I'm on his ignore list. :p
     
  19. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    21,532
    Likes Received:
    4,341
    Trophy Points:
    113
    Location:
    昆士蘭
    This is all I see mentioned in the annual report:

    https://www.sec.gov/ix?doc=/Archive....htm#ITEM_5_MARKET_FOR_REGISTRANTS_COMMON_EQU

    No mention of any of those other asset classes, I lifted that from the last paragraph of page 33.

    I'm calling BS on the bit about Tesla opening the doors to gold.
     
  20. neonuke

    neonuke Active Member Silver Stacker

    Joined:
    Jul 29, 2013
    Messages:
    592
    Likes Received:
    106
    Trophy Points:
    43
    Location:
    Melbourne

Share This Page