/biz/ - Business & Finance

He's literally posting that to see if he can fuck with the BTC price like he could with Dogecoin and its retarded community. It's a power thing for him to stroke his ego.

saged

>>29101982
1.5 billion of his money is on board so that's good with me

>>29101982
He or someone he is associated with clearly owns Doge and BTC - they pumped it using the community and are now trying to get it to dump.

>>29101982
But he is onboard. He is just fucking who he is and he is not your avg joe dude, it's fucking Elon Musk..alien hybrid. He see's things through a different filter than regular humans

>>29101982
Central bankers are sweating though. The more people know terms like "fiat currency" the closer we get to a popular revolt.

>>29102157
ye with DMT

>>29101982
>$1.5 Bn from the company that is the only public one he owns.
>imagining for 0.5 seconds or more that he believes it is a fugazi.
All money is a fugazi. Do you need this translated to low IQ?

>>29101982

Think about what you are saying....almost ass BS as fiat....less BS than fiat. Idiot.

>>29101982
>I am an engineer

>>29101982
he is literally complimenting Bitcoin. he's insulting Fiat. He's saying fiat is more bs than bitcoin fucking reading comprehension

>>29102172
based.. nice old cartoon for me to save.

>>29102106
the man can invest 1.5 billion, lose it all, and not notice, it's the same as your average /biz/ poster putting $5 into the latest shitcoin

>>29102251

bitcoin exists in a belief system as is, just seperate bitcoin from the idea of making money. pretend that the us dollar didnt exist, and there was just bitcoin. instead of barter trade you use bitcoin as an intermediary currency. do you see why now gold is useful? its because when i trade my car for bitcoin we know the bitcoin has no economical use case. instead if i trade my car for gold there is an economic reasons. like for example if it wasnt gold but oil we start to understand what makes money money. there is not much belief involved in a gold society just that it was deemed a perfect fit as a medium of exchange because there was no other; you could make a good fiat currency but it is known that fiat doesnt survive when power shifts in politics. and then we go full circle to why bitcoin was invented to try and be a wannabe currency with a supply cap. people bet on bitcoin as an economy that doesnt exist but 'will' exist in the future!!

>>29101982
So this is what takes for fags like you to panic sell? No wonder you retards couldn't make GME go to the moon

So what was the rationale behind Elon wanting all the Doge whales to sell to him? It was a weirdly autistic technocrat demand for control from what I saw but I didn’t look into it

>>29102172
no theyre not lol
central banks dont care the only one affected is the BIS cryptocurrency is literally a davos project youre gonna use gryptogurrency its been decided for us

>>29101982
Do people really not get that he does this because he's making billions as a one man pump-n-dump?

>>29101982
He’s “not an investor” but his company certainly is. Lawyer talk and tax write offs.

He is saying Bitcoin is better. He keeps his money in fiat. What’s stopping him from putting billions more in. If anything this is so he can buy more.

FIAT vs BTC, one has fractional reserve banking and the other doesn't. Exposing the jewish monetary system is based

He’s right. Bitcoin relies on the dollar. The dollar is a horrible fucking measure of value as it is. Who gives a fuck about bitcoin? Are we going to measure the value of bread in BTC if fiat goes away? And will it be cheaper than how expensive bread is now in fiat?

Gold is the ultimate measure of value. Bitcoin could go to $1,000,000 per coin and it would make gold any less valuable.

>>29103238
I meant BTC could go to $1,000,000 per coin and it wouldn’t make gold any less valuable

>>29102086
Sorry bud you can't say the s word here

saged

>>29102315
The average IQ in this thread is literally double digits. These retards are so fucking stupid it's actually disturbing. How is it even possible to be this bad at reading, and still have the capacity to use the internet?

>>29101982
The more I hear from this guy the more I think he's a retard

>>29103325
But I can

Sage sage sage you stupid nigger

>>29101982
Almost as BS meaning it's literally just a symbol of value, a mark in a ledger. The only difference is that it's decentralized. Everyone knows that, if they're not retarded.

>>29103596
may i use the C word?
cringe cringe cringe cringe cringe

>>29101982
That's why the Ethereum blockchain exists. Someone tell him to look at the number two spot. It's right below bitcoin.

>>29101982
Tesla bought it so they can write off unrealized losses (yes look it up) Elon is panicking now that it keeps going up and will have to pay taxes

He's removing himself a little bit bc he knows he might have to dump BTC pretty soon. Tesla being so heavily invested in an energy guzzling asset like BTC is a bad look. Tesla will rake in big short term gains then pull out a significant portion

>>29102106
>his money
lol

>>29101982
Didnt he say this weeks before TSLA bought BTC

>>29104061
yes he was fudding to buy lower

>>29102106
Pennies to Elon

>>29102315

Well it is.

Bitcoin cant be printed out of thin air and atleast backed by something

Whats the USD again? Literally paper from jews...jews that print it when they need it but make us work for it

>>29105228

USD is backed by the military industrial complex

>>29102415
Didn't he invest Tesla's money though and his stock holders are the ones who get screwed if BTC tanks?

>>29101982
I mean there's technology behind it, technology infused money is the future, but it ain't gonna be bitcoin or any of your shitcoins really. The government wants to track your purchases, they're going to make something in which they can do that. Maybe an alternative will rise to counter the tracking, so there's hope yet, but no government is adopting this shit and you can't beat the government. This is a petty and futile attempt, and in the end all we're helping is pedophiles and money transfer scammers.

>>29105733

Which is why Tesla stocks are down 7% since he bought btc

>>29103776
>write off unrealized losses
>UNREALIZED
You don't even need to be an accountant to *realize* how much of a fucking smoothbrain you are

>>29102172
They intentionally do this. Hilarious people say bezos hoards his wealth don't even know basic economics.

Bezos like Elon would prefer to send all of his fiat away, for a higher return than inflation, and they do. This stimulates the economy.

>>29101982
This autist needs to quit twitter before more people realize he's full of shit and he gets kicked out of Tesla.

>>29102157
>He see's things through a different filter than regular humans
take off your tin foil hat
he is simply a "master trader"
build things people want and make money
he also makes money through government loop holes
i wouldnt doubt that he understands that religious and nationalistic religious control is finally coming to an end and the next phase in humanity is rule by trade
whoever or whatever offers the best will be on top
apple has been doing this for over a decade and uses the government is shady schemes

>>29102333
checked
too bad the normies wouldnt understand

>>29103860
>Tesla being so heavily invested in an energy guzzling asset like BTC is a bad look

you dumb fucking nigger. Just go back, you stick out like a sore thumb

>>29102157
Take Elon’s dick out of your mouth for just one second.

>>29102315
>>29103493
ESL?

Is this the bottom?