/biz/ - Business & Finance

>>24985230
Jesus fucking christ

The Great Conjunction

holy
fucking
shit

which fucking timeline did we just find ourselves in

>>24985230
>"bitcoin will never hit 20k....50k...100k....1M...."

Lol, looks like I found a new GEM on uniswap, BASE and rebase show high results, but you will stay poor idiot

>>24985230
AAAAAAAAAND... IT'S REAL

https://twitter.com/michael_saylor/status/1340665067570913280

Wuuuuur

I LOVE YOU MICHAEL PLEASE BREED ME LET ME HAVE UR BABIES NO HOMO

>>24985230
I'm not a BTC maxi, but god damn, I might just go all in!

>>24985289
That's pretty neat, Pajeet. NGL though, I'm looking forward to you finding the Toilet.

>>24985230
I don't know these reddit celebrities
QRD

holy shit. this might be the fucking DIAMOND bullrun

>>24985321
Imagine buying TSLA stock which is itself a BTC play.
Its like a 100x BTC buy.

>>24985341
Elon musk was on the disney channel “malcom in the middle”

Saylor was on MTV where he played practical jokes and skateboarded.

>>24985341
Elon Musk is literally the second richest person in the world.

>>24985366
Tesla and btc were the best plays of the year and now they're going to multiply their power

>>24985230
Didn't Teslon just say bitcoin was almost as bs as fiat?

This is all part of the big Tether scam rug pull of the century, coming soon.

>>24985466
read between the lines. that means its Better than fiat

So are they shilling the top again or what?

>>24985230
>B V L L I S H

https://twitter.com/elonmusk/status/1340678358456274948

proper link to tweet

>>24985230
Elon is not even a rocket scientist

>>24985230
weeee!

>>24985230
This simple twitter exchange is arguably more important than Fidelity, JPMorgan, CitiBank, Guggenheim, MassMutual, Ruffer, PayPal, PTJones, Druckenmiller, Ray "Maybe I'm missing something" Dalio, BlackRock, Square, MicroStrategy, etc.

This is pretty big guys. Pre-tty huge.

>be elon musk
>shit on bitcoin in tweet
>don't actually understand bitcoin at all

this cunt is the biggest narcissist on the planet. a black hole for suckers

i am literally pissing out of my ass

>>24985452
It was a joke setup for Doge.
Wouldn't take anything Elon says seriously.
Tweets are cheap.
All about action.

>>24985466
which means its not as bad as fiat. thats why he should buy bitcoin instead of holding fiat.

>>24985230
>P-please E-elon b-buy my T-Tether coins!
The top is in folks. He is making fun of you. He is calling you moron, imbecille, retard straight to your face and let the whole world laugh with him.

>>24985489
Didn't read the context of that tweet to be fair and balanced with you.

So he was genuinely repping BTC?

>>24985470
kekaroony how is this even possible

>>24985536

Musk has been personally invested for years

he is literally trolling right now to pump his bags

>>24985561
>>24985470

Nobody's talking about tether, you tether-obsessed freak.

>>24985230
DID YOU LISTENED BIZ?

>>24915991

>>24985230
Is this even real? This is literally the most retarded thing I've ever read

>>24985536
Yes anon, you are a smart boy. Elon is just a meanie who doesn’t understand your fee-fees.

Elon Musk is connected to Stellar directly or indirectly through Stripe.

Elon Musk Backs Stripe (2012)

Jed Working At Ripple, Stripe Deal Falls Apart and Jed Leaves Ripple (2013)

Stripe Provides Seed Funding For Stellar ( 2014)

Stellar Launches with Rocket Ship Logo. Stripe gets %2 of all Lumens ( 4% today after coin burn)

Keith Rabois is on the Stellar Board of Directors. He is connected to Elon Musk in many ways. The earliest tie goes back to the PayPal Mafia before Bitcoin was even a thing.

In May this year Stellar Board Member Keith Rabios showed how loyal he is to Elon Musk.

Stripe and Stellar seem even more tight when you look into AnchorUSD. This project is Co-Founded by Jim Berkley-Danz. Early Stripe Engineer. Also, offer a Payment API solution integrating Stripe/PayPal and Stellar/Bitcoin - Airpay.

There has even been public discussion between Elon Musk and (Stripe CEO/Stellar Advisor) Patrick Collison on twitter: bla bla tesla car

Elon Musk@elonmusk·Apr 4, 2019Replying to @patrickc and @TeslaGreat work with Stripe btw. Much needed.

>>24985604
It's really not.

>>24985582
When you buy Shitcoin you buy Tether. Elon knows this which is why he compares it to fiat. When you sell Shitcoin you recieve Tether and there are no guarantees you will ever get to redeem your tether for real money, because Tether is functioning like a central bank, printing money whenever bitcoin is about to cave.

>>24985617
The dude is screaming to the world that he is a bagholder. He bought funny tokens which have no backing at all. It's it incredibly retarded because he is obviously panicking, otherwise he would conduct his business decisions privately

>>24985674
>When you buy Shitcoin you buy Tether.
Based schizo.

>>24985677
>The dude is screaming to the world that he is a bagholder.
He's been buying hundreds of millions during the most bullish phase of Bitcoin in many months or even years.
Tell us all about what a doodyhead he is.

>>24985609

lol i'm not some maxi, i don't give a shit about boomer coin. but i can still recognize that elon musk is a retard who inherited his success. remember when he said there would be no more covid cases in the US by april 2020? LOL

Musk is enough of a maniac to try something like this

>>24985677
I love these nocoiners posts.
the realization that you missed out and will die in the camps must be horrendous.

>>24985674
Why go tether when you can just go fiat -> eth -> uniswap coin -> eth -> fiat on just about every exchange on the planet? You're only ever exposed to eth for 30 minutes while your transactions process if you're a cheapskate, or 3 minutes if you pay for more gas.

>>24985674
>he thinks elon, saylor or any other whales are buying/selling on exchanges using tether, on OTC with hard fiat
this fud is so stale and weak

>>24985706
>Tell us all about what a doodyhead he is.
He is realizing that tether have no reserves for the >$20 billion USDT they have in circulation. In other words there is no way for him to exist the market unless he can find a greater fool to dump his shit on.

>>24985677
>He bought funny tokens which have no backing at all.
Jesus christ.

Bitcoin is backed by universal independent verifiability.
How is this still not clear to you after all these years?

oh jesus its literally a real conversation

what the FUCK

>>24985230
I ALWAYS WILL BE A POOR FUCK
HAVE NO MONEY TO BUY BTC
I AM DOOOOOOOOOOOOOMED

Whale Talk.

>>24985536
If Michael actually gets to talk to him he might actually understand it

>>24985758
>He is realizing that tether have no reserves for the >$20 billion USDT they have in circulation.
He bout bitcoin, not tether.

Are you having a stroke?

>>24985747
>Why go tether when you can just go fiat -> eth -> uniswap coin -> eth -> fiat on just about every exchange on the planet?
Ya, or fiat => BTC on any fiat on-ramp on the planet.

B.L.D
Buy

>>24985283

FUCK ELON DONT BUY
DONT BUY
I DONT WANT PUMP
GOD JUST LEND ME SO TIME
PLEASE
OH FUCK
ITS BOUT TO HAPPEN
SHIT

>>24985773
Put everything you can in now. Don't think becoming a millionaire. Think gains. If you can x10 that's still x10 what you have now. Step by step you'll escape poorfag hell

People's bailout.

>tfw sold all my Tesla stock in july to buy BTC

Should have just refinanced my home and dumped everything into TSLA and BTC

>>24985829
YOU HAD ELEVEN YEARS

>>24985797
>Ya, or fiat => BTC on any fiat on-ramp on the planet.
Yeah, that too. I really don't understand the hype of stablecoins, they have literally zero utility for me. And if you know anything about volatility suppression, they're going to be worth what they say they are right up until they're worth zero. Terrible long term hold.

>>24985848
I habe about 40 us fiat and 10 usdt. I want to fuckin swap it, but i cant.

CHILL FOR ONE MOMENT
realistically, how long would it take to set up an OTC deal with various exchanges to buy bitcoin? and does he need anything to make these transactions?

>>24985326
stop replying to ads

>>24985470
I kek'd

>>24985758

>VÖRF MUH TETHER ÖRF

>>24985757
> A June 2020 report by Sino Capital noted that “USDT is a very popular way for Chinese crypto investors to enter the market with most exchanges offering a range of OTC options.” Sino Capital CEO Matthew Graham told Decrypt that, “OTC transactions including and especially with respect to USDT are an ‘open secret’ in China.”

>>24985886
>I really don't understand the hype of stablecoins
Judging by the Tether fudders itt, it's more of a collective mental breakdown than a hype.
Here we have two extremely rich people talking about buying Bitcoin, and all they can think is "hurrrr but don't they know Tether is an scam?????"

It's seriously disturbing to watch.

>>24985536
He's smarter than you.

>>24985906
>all they can think is "hurrrr but don't they know Tether is an scam?????"
"they" referring to the tether fudders.

>>24985886
I AM A FUCKING ZOOMER WITH NO MONEY RREEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>24985903
are musk or saylor Chinese?
Chinese like USDT because it's not shit yuan. Musk and Saylor and other US institutions are spending real, actual, USD. drop your weak fud and kys

>>24985906
>tether spergs
this is exactly unhinged how these nocoiners have gotten.
what should society do about them?

>>24985991
>what should society do about them?
First of all study them.
Their logic is completely bankrupt, even worse than Bitcoin maxis who think cryptos should be valued in sats.

>>24985470
You being sarcastic?

If not google DeFi, and then compare stablecoin market caps with Bitcoin over the last year. E.g. Bitcoin stagnated as DeFi bullrun/stablecoins rose.

30k soon

TYLER WINKLEVOSS JOINED THE CHAT

Buy it now

looks like top is finally in

>>24985230
>join me in my pump and dump

>>24985536
fuck off newfag

OOOOOHHHHH BABY IT'S GETTING REAL!
Yes I am an unabashed Winklevoss fanboy.

>>24985955
Stop wasting time retard. Get a job, start putting it all into BTC. If you work hard for a year you might be a wholecoiner by the end of 2021.

>>24986085
NONONONONONONONO

>>24986085
HAHAHAHAHA

>>24985991
It's why the investment opportunity exists in the first place. Their rationlizatoins die eventually and they buy in eventually, if everyone understood Bitcoin all at once, there'd be no way for you to make ROI.

>what should society do about them?
They're the ones that make you money.

double top or rocketship?

>Elon Musk doesn't know about bitcoin

Didn't he co-found Paypal? Wasn't Paypal the most common way people bought them back in 08-10?

>>24986085
>>24985230
DO IT ELON GOD DAMN IT DO IT!

THIS IS THE ULTIMATE BULL RUN.

The top is in. Reminds me of that Portnoy guy.

>>24985230
no way TSLA would do this, elon doesnt own 51% stock to vote it right?

>>24986102
Do you know what front-running means?

>>24986085
I find it interesting that Tyler is effectively saying he can easily find sellers who want to offload 100b worth of BTC. Presumably guys who think Elon is the sucker in this situation.

>>24986182
are you retarded?

>>24986189
>the top is in

lol nope. We are just getting started

>>24985550
Tell that to the SEC lol

>>24985797
>He bout bitcoin, not tether.
How will he sell his >$1 billion worth of shitcoins without using stablecoins? By finding someone who buys it directly from him without middle hands. If he wants to sell them on the market he will receive tethers and we all know what will happen in that case.

>>24986189
And where is Bitcoin compared to around the Portnoy thing?

>>24986228
It's where LINK was just before it crashed.

>>24985980
USDT is used because exchanges tried to avoid legal issues by not trading in fiat currencies.

>>24986200
>hey elon buy my bags
>elon please buy our bags as well
anon, nobody is this dumb, not even Musk

>>24986228
Just look at what he did to chainlink.

>>24986211
If nobody wants to sell his Bitcoin you can still buy 100billion worth of them. Just need to buy at a higher price

>>24986178
The current top is as you can see just printed tether, there is no real money behind these trades. The tether supply is now $20 billion. The only way the supply grows like that is if there is no dollars to reedem your tethers.

>>24986085
Is this real life
as in
is this physical reality happening right now?
or is this some sort of clown world fever dream

>>24986260
kek, I bet in the replies you will also find some Poo offering Elon his bags

>>24986225
>How will he sell his >$1 billion worth of shitcoins without using stablecoins?
OTC
In chunks.
Or simply on any fiat ramp exchange.

But this conversation isn't even about selling.

>>24986247
>>24986269
He bought a lot more Bitcoin than Chainlink, derpaderps.

>>24986211
Tesla's marketcap isn't the same thing as Tesla's balance sheet. Tesla's balance sheet refers to Tesla's cash on hand. So it's not 100B worth of btc liquidity, it's more like a billion max, more like a couple million. I haven't looked at Tesla's latest SEC filings.

If Elon moves into bitcoin expect a 10x easy

>>24985230
TO THE MOONA AYAYAYAYA

>>24986211
There are now more than $20 billion teethers than can’t leave the exchanges. Yeah there is a lot of money wanting out, but can’t.

>>24986252
What exchanges? I don't even know of an exchange other than uniswap that doesn't do fiat and connect directly to your bank account.

>>24986298
tether is the only reason im not 100% on bitcoin, its shady as fuck and hides organic growth

>Are such large transactions even possible?

this is some fucking psycho shit
this makes me believe in astrology, and like the fuction planetary conjunction really does have an effect on our reality

>>24986085
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>24985470
idk why but i imagined you saying this as a mental hospital patient with the hands tied down so you can't injure yourself.

>>24986356
fuck off /tv/

>>24986300
I can't believe this is happening right in front of my eyes either

IF THIS HAPPENS IT IS THE END
WHY I AM NOT A BOOMER? WHY?
I was born too late.

>>24986306
>OTC
>In chunks.
>Or simply on any fiat ramp exchange.
>But this conversation isn't even about selling.
OTC markets still recruit using exchanges and they don’t trade in fiat. They need to find a physical entity and sign over bitcoins directly in exchange for dollars. Not that that is ever going to happen. People with money are generally not retarded, a few are, but thpically you need more than stupid luck to become a billionaire.

>>24986428
>OTC markets still recruit using exchanges and they don’t trade in fiat.

Sorry, but you just said "exchanges don't trade in fiat".
My god.

>>24986308
Balance sheet isn’t just cash.

>>24986428
Dunno about US services, but on Bitcoin.de you can directly purchase Bitcoin with Fiat, no Tether or exchange involved, because you're buying directly from people

>>24986260
see
>>24985532

You're literally front-running the institutions. Like buying Google pre-IPO. When you buy a stock, even the first day it hits the exchange - you're not early, you're late. You've just bought the banks/institutions bags. This opportunity has NEVER happened before, and it's happening in real time. Get it?

ELON needs to this shit to be at $30K before going all in , let's go boyz

>>24985230
This kills the bear

>>24986466
>Dunno about US services, but on Bitcoin.de you can directly purchase Bitcoin with Fiat
There are tons of exchanges, including in the US, that are fiat onramps.

How is this such news to people?
What the fuck kind of dimension did I end up in?

>>24986300
>>24986398

Don't know why it's so hard for people to understand. Does anyone have a good reason to keep money in any other asset class? This is all incredibly unsurprising and in ten years people will be like

>Yeah that was obvious wasn't it?

>>24985230
Why are they doing this in public?
Now the elites will rugpull BTC?

can someone explain to a newfag why this is so huge? Elon hasnt said he is going to do anything, just asking if it were hypothetically possible. The guy is a nutcase anyway

>>24986352
It’s not what you think. They trade in USDT. To you it looks as though you are trading USD -> Btc but it’s really USD->USDT->Btc.

>>24986551
Elon is a loose cannon, always has been.
Like Trump, he just speaks his mind in public, consequences be damned.

>>24986558
bitcoin runs on hype

>>24985706
>>24985759
>>24986085


you are a bunch of massive retards, Elon Musk doesn't give a fuck about BTC he's just making fun of that idiot bagholder lmao

>>24986442
>he still doesn’t get it.

>>24986558
Tesla is the biggest thing in stonks, Elon just talking about this is huge in and of itself.

>>24986598
he was making a DOGECOIN joke idiot, imagine fudding btc on 2020

>>24986598
Notice how your tweet is older than OP's tweet?
Bet you didn't.

>>24986601
Says the guy unaware of fiat-crypto exchanges.
My fucking GOD.

>>24986606
>DOGE
https://twitter.com/elonmusk/status/1340588909974200321

This was posted 7 hours ago you stupid fuck

>>24986581
Coinbase does fiat, binance wouldn't even let me sign up because I'm american. How do I short binance?

>>24986558
Earlier he tweeted a Bitcoin meme. Then he tweeted how Bitcoin is bs. The thing is neither of the tweets budged the price so he very likely was testing if it really is all just dumb hype or if there's actual strong money in this. Now he knows the answer and actually seems interested in buying. Also Michael Saylor is a CEO of a billion dollar company with technological knowledge. He might actually convince Elon if they talk to each other.

>>24985991
>what should society do about them?
Vax them against CO-CO-CO-COVIDNINETEEN

>>24986598
fake af

>>24986638

>>24986638
Anon, I...

>>24986636
So what? Oh, he's gonna change his opinion because a dude who is bagholding billions ion BTC says so? Ok chang

>>24986600
but everyone knows about btc at this point. what is he actually adding.

So what will happen to xrp of bitcoin explodes on price? Once cryptos become mainstream won't normies realize that waiting 1hr for a can of coke at the vending machine is unfeasible?

>>24986673
>So what?
He was joking around, trying to say Doge is better than BTC.

>>24986674
>what is he actually adding
Again: TSLA is the biggest thing in stonks.

>>24986670
It says Bitcoin right there, bagholder.

>>24986581
>he thinks OTC and whale orders go through USDT/BTC pairs on binance
just stop anon, your embarrassing yourself. I'm embarrassed for you.

>>24985230
ITS HAPPENING

>>24986085

>>24986691
dont know if fudder or completely retarded

>>24986684
Once Bitcoin becomes mainstream, so will lightning networks

>>24986658
Lmao you are stupid

>>24986749
cope

>>24985289

Weak caste, gaurav

>>24986746
You cryptocucks are mentally ill, you are literally so detached from reality it's scary

>>24986658
>very likely was testing

this
I would say subconsciously as it's clear he is starting to undersatand fiat (in real time just like the rest of us) but still doesn't understand the economic engine/cycles. Once he wraps his mind around this, which shouldn't be difficult as he's all about first principles, I could see him being extremely bullish. He is PRECISELY the archetype to be a huge proponent.

/biz/ I'm dumb and don't know what this means. Should I be buying Tesla or BTC? Or both?

>>24986182
you must be trolling. Paypal only started crypto purchases 2 months ago, and bitcoin didn't exist in 2008.

>>24985230
That would be nuts. Imagine how pissed off the Jewish bankers would be...

>>24986804
You are seriously demented.

See >>24986671
He was joking about Doge being superior to BTC.
Even when showed directly why that's the case, you still don't understand.

>>24986674
Eveyone knows about Bitcoin.
Probably less than 1% of people understand Bitcoin, or fiat much less the economy.

Musk and Saylor have many similarities, and Saylor is exactly the type of person to red pill Elon. It's pretty clear to me that Elon is intrigued and wants to learn.

>>24986919
Elon has a Bitcoin mining farm in Texas you rube.

>>24986913
Seek professional help. You are interpreting things in a completely twisted way because your brain is detached from reality.

>>24986804

Explain to me fiat, and how the economy works in its regard in relation to credit. You are the one detached from reality.

>>24986974
Why would I waste my time talking to someone who's mentally ill? Take your pills dude

>>24986967
He posted those tweets back two back, anon.
Six minutes apart.

>Bitcoin is almost as bs as fiat
>one word: Doge

Take your meds.

>>24985312
>Tysons Corner, VA
NoVAfag, lol.

>>24986919
Elon has been making fun of cryptos for years now, that's how deeply detached from reality you are.

>>24986956
yeah source

Musk is accumulating HEX according to top sources

>>24986974
fiat is backed by the force projection of the country that issues it.
Its money backed by threat of violence, basically extortion on a global scale

>>24986749
Explain your reasoning and how this is more efficient than xrp

>>24987015
I'm pretty sure you are losing your ability to read and interpret text. Elon Musk is making fun of cryptos, like he always does. In this reality, making fun of something means that thing is absolutely stupid. Seek professional guidance.

>>24985674
>When you buy Shitcoin you buy Tether.
I'm all over shitcoins and I haven't touched USDT since 2017. What shit hole scam exchanges are you using?

>>24987052
If he is, he's making even more fun of fiat.

>>24986997
That's what I thought. If you genuinely want to learn, look up Ray Dalio's economic engine video. Look up the burrito index as well. It's a 101, but is a rabbit hole from there. Good luck.

>>24986919
see
>>24985921
He's been researching it for years and>>24986956
We gotta get that boomer money in. They're stubborn old hags that don't even know why they are hoarding so much USD.

>>24987048
>>24986684
There are tons of currency alternatives that function "better" than BTC.
It doesn't matter, BTC is the most known and can be improved all the same.

>>24987069
Sure, he's making fun of both, but he's been making fun of Bitcoin since forever.

>>24987075
Meds. Take them.

>>24987048
Bitcoin is real money and lightning network is cheap

>>24985401
Don't tell me you actually believe this

Musk rules the world with fiat as the standard, if he used his fiat to buy king shitcoin and pump our bags and it became the new standard he wouldn't be on top of the totem pole anymore, early adopters would. so why would he be interested in doing this

>>24986494
I know, I've literally never owned tether. Bought BTC / eth with fiat direct then traded shitcoins on those respective pairs

>>24987148
>he's been making fun of Bitcoin since forever.
wow what a meaningful statement

>BTC is shit
>I'm joking, BTC is actually shit

This is what you think he's doing.

>>24987033

That’s for the tip Guarav

HYPERBITCOINIZATION

>>24985536
he's trolling you moron

he's a fan but won't openly say it

>>24987027
No, he's never antagonized it, he's merely mentions it (usually DOGE). The most negative thing he's ever said about Bitcoin has just been tweeted regarding Bitcoin being almost as bad as fiat.

Okay, now Elon Musk is wrapping his head around the fact that fiat is flawed. Was this a talking point a year ago? No. We have an unprecedented massive worldwide inflationary event happening exponentially and with nothing to stop it. I wasn't in Bitcoin until a few months ago. We are all coming to these conclusions in real time and Bitcoins value prop is being hammered into peoples skulls at this point.

>"Is such a transaction even possible"
Doesn't scream "making fun of Bitcoin to me", it screams "I don't really understand Bitcoin, can someone explain this to me?"

Read in between the lines.

>>24987148
>he's been making fun of Bitcoin since forever.
not at all... back this up faggot.
He's always been skeptical/hesitant, but admits the value and potential. Mostly he gets hung up on the legality aspects.

>>24985737
>remember when he said there would be no more covid cases in the US by april 2020? LOL
That was correct, though.

I have no idea what that even means
How do I profit off this without buying bitcoin

don't elon will buy otc that's for sure

>>24987214
>Guarav
Gaurav is an Indian and Nepalese male name. The name literally means honor.

>>24985528
This is undergrad level intellect. Elon knows more about rocket science than you could ever imagine

>>24986671
Which means he confirms that
BTC > fiat.

So this is bullish as fuck.

>>24986665
It’s not fake stupid faggot go on his Twitter

>>24987210
>>24987228
>If the person who makes fun of my stupid token investments is extremely successful it means he secretly likes it

You people are mentally broken. It's probably already too late for you

>>24987125
I would love to trust you but from your past posts in this thread it's evident that you talk like a fag and your shit's all retarded

This guy literally thinks that bitcoin stores energy in the coin and can release it later.

This has to be fake, what year is it doc!!

>>24987302
stfu nigga

>>24987305
Are you drunk right now?

Democrats smell money. Here comes the regulation.

>>24987305
no, it's too late for you. cope elsewhere you seething poor moron.

>>24987305
I don't think you understand Elon's eccentric sense of humor.

>>24987316
And im 100% serious. Michael thinks that all the energy used to mine bitcoin is actually stored in the coin and can be transported and then converted back into energy. There's a video of him saying this stupid shit on Twitter. It blew my mind.

>>24987316
MONEY FUEL IS VALUE
RREEEEEEEEEEEEEE
IF HAVE NO BITCOIN THAN MAKE YOUR OWN BETTER AND FASTER RREEEEEEE

So, uh I decided to make my own crypto. And I will release it here.

>>24986085

Tyler is saying he will sell his stack to elon, knowing his remaining stack will be worth even due to this solidifying btc into the mainstream

>>24985230
i1m not emotionally ready for $1million btc

>>24987385
holy shit you may be the dumbest person in this thread

>>24987346
>>24987336
>>24987359

Elon is an incredibly successful entrepreneur, he already made it years ago. He's been consolidating his wealth for years now, and yet here you are imagining he will move a single cent of his hard earned money into a literal chinese scam that has no substance and no backing.

>>24987390
Rip to me, a retard
>>24987400
It will close a door to wealth in my case, I hodl 0.0006 btc. Good luck anons.

>>24986967
Imagine being a nocoiner in 2021. I'm glad I have 1 and I feel poor as fuck.

>>24987034
Exactly right, fiat is latin for "Let it be done". Monetary policy has allowed for the extreme wealth gap and fiat being inflationary at 7%, and now looking at 15% conservatively. It means the boom and bust cycles.

Ironically, thinking about Bitcoin means thinking about first principles (which Elon gives as the reason for his success).

So, analogously; Elon was simply told electric batteries (fiat) were expensive, until he designed less expensive batteries (Bitcoin).

It means challenging preconceptions, and not settling for the status quo but being a part of the emerging flux of evolution fueled by our ingenuity. Or, you can settle for the inherently broken system.

To bring this back to first principles again,

If you could design a medium of exchange, would you design it to be centralized and highly inflationary??? Or would you design it to be a programmable, borderless, sleepless and TRUSTLESS.

>>24987385
if you understood that then you are the under 100 IQ'r faggot

>>24987385
it's stored economic energy and to convert it back to electric power you just have to exchange it.

>>24987316
you can purchase the same amount of energy used to mine the coin, with the coin, and still have some left over

>>24986176
>They're the ones that make you money.
very salient point.
enjoy when they capitulate at 1m

As an aside. I work in a law firm that specializes in estate planning. Its hard to believe how ruled by envy and greed the average normie is...you should see the fights that happen between siblings. I don't mean obvious things like fighting for a larger piece of the pie, I mean driven to self-destruction because "my sibling did better in life than me". eyeopening and directly related to seething nocoiners.

>>24987425
>literal chinese scam that has no substance and no backing.

I just took a 3k loan to buy more BTC. Fuck it.

>>24987425
So you're drunk and upset, got it.

>>24987385
>you can't buy electricity with money
wow

>>24987420
>>24987440

Lmao, how am I the stupid one when he actually thinks you can convert energy into bitcoin and back to energy. Either you both are super retarded and think this as well or you misread what I wrote

>>24987440
Nocoiners are getting desperate anon. Ignore them

>>24987472
https://www.investopedia.com/news/top-bitcoin-mining-pools/

It's a chinese scam that's been centralized in china for years now.

>>24987385
HAHAHAHAHA

I hope you are joking. This has to be a joke right. If this is sincere..

MY GOD

How little people understand Bitcoin.

DEAR LORD

>>24985230

This is some high level pajeet shilling by Saylor.

>>24987075
Burrito index is fucking garbage meaningless meme bullshit kys

>>24987517
>It's a chinese scam that's been centralized in china for years now.

>>24987489
>>24987457
>>24987446

He LITERALLY thinks that you can convert energy to bitcoin and bitcoin to energy. Go to his Twitter and look at him say these things.

>>24987494
energy into bitcoin -> mining or sell btc for power
bitcoin to power -> sell bitcoin and buy power
is your mind blown yet?
no he doesn't think you can burn BTC and produce joules you fucking retard.

i have been ranting about this for years tho.
you can skip gas and coal buffer plants which are responsible for 41% of greenhouse gas production and use sustainable energy sources in overcapacity and store excess production in bitcoin.

bitcoin can save the world.

>>24987580
>go to twitter
I'm not gay
just show me

>>24987027

100% Elon owns BTC even though he makes fun of it

>>24987472
Oh no he's retarded

>>24987540
No bro it's for real, the guy who bough 1.3 billion dollars worth of bitcoin thinks you can transmit energy more efficiently by converting energy to bitcoin, sending it over a like, then deconverting it back to electricity. I was shocked when he said this, I had to watch it 3 times to make sure I was hearing him correctly

>>24985230
Would GRT pump even harder if Musk boy did it?

>>24987580
dude, Saylor is way way out of your reach, if you are not able to META-THINK you will not understand Saylor .

>>24987626
>surveyed less than 40% of the miners
electric production not even cheapest in china anymore
yeah...

>>24987580
You're really not understanding the concept here. This guy is way fucking smarter than you. You're a fucking idiot who thinks he's smarter than a tech billionaire.

He's explaining it at a more meta level. He's painting a narrative. Man you are a fucking brainlet.

> Reminder you have to be over 18 to post here

WHAT DOES THIS MEAN
SHOULD I BE BUYING BTC
SHOULD I BE BUYING TESLA STOCK
HOW DO I STOP BEING A POORFAG
GOD I'M DEPRESSED

>>24987517
S E E T H E
E
E
T
H
E

>>24987626
Yes BTC mining is owned by China. But since America is on the decline, China basically owns the world at this point. So I don't see anything wrong with investing in Chinese assets.

>>24985230
Elon is unironically more likely to get into xmr or Epic.. privacy bois, privacy

>>24987673
Same.
But I don't even have any money.

>>24987425
>>24987305
>>24987148
>>24987052
>>24987027
>>24986997
>>24986967
>>24986804
>>24986691
>hurrr Elon is making fun of crypto

Please tell us what you think that means.

>>24987557

Try the Chapwood index.
The Fed gives CPI, which is a basket selected a la carte. Remember, technology is inherently deflationary!

So, what is inflation to you? And why isn't it food, real estate, stocks, education and annuity streams? In other words why isn't it everything that matters most in life? You could buy a retirement with a bond 10 years ago - that same bond costs 10x as much today. What is a retirement worth to you (What is freedom worth to you?). Is real estate not important to people? Because of real estate I'll be retired at 40. Is shelter not important? Food?

What is inflation to you?
>that's a rhetorical question

>>24987628
post the fucking clip so we can make fun of you more for misunderstanding him, or gtfo.
>>24987626
why do people think this is new or special info? this doesn't mean china owns bitcoin. worst case if the try to fuck with it, it creates a hardfork that everyone ignores, but they won't because they'd kill their own profitability. now fuck off.

>>24986598
the joke here is that bitcoin is more legitimate than the fiat banking system, which agrees with the idea that he moves into btc over fiat currency

>>24985528
Was quite literally lead Engineer of the first falcon rocket

>>24987310
You don't have to trust me.
There are tons of chains that work "better" than BTC atm, but it's pretty meaningless unless something catastrophic happens to BTC.

>>24987580
It's a metaphor you fucking imbecile. He posits that money is the greatest form of energy we have. As a metaphor. An abstraction. Fuck.

>>24987591
fuck you green facist, go do your green utopia somewhere in africa and take your antifa scum with you, i dont pay for your bs co2 tax

>>24987721
This anon gets it.

Notice how we're all talking about Elon and BTC and Tesla stock and Michael Saylor. Please understand the meta here. THEY ARE FUCKING MARKETING BITCOIN THAT IS WHY WE HAVE THIS THREAD OPEN NOW ITS WHY THERES SO MANY REPLIES HOLY SHIT BIZ IS DUMB.

>>24987786
what are you smoking? whatever it is it's bad for you apparently.

REEEEEEEE WHY IM SO DIRTY POOR
LIFE IS NOT FAIR
NOT FAIR!
WHY I AM A FUCKING ZOOMZOOM

>>24987786
based
>>24987821
dilate tranny

>Rpx?

>>24987831
bitcoin still has room for 100,000x so just put $10 into it and maybe you make it

>>24987818
OH.
PUMP AND DUMP?
Not buying.

imagine not having atleast 1 bitcoin in 2021

kek

>>24986869
Newfag detected. A long fucking time ago, buying BTC was often done sending money via PayPal with your address and praying you weren’t getting scammed

>>24987849
They all fight for his money. Desperately.

>>24987589
>>24987592
>>24987666
>>24987652
>>24987774


https://twitter.com/boy_xrp/status/1340438166751354880

Transcript:

"you can only move electricity 500 miles and you lose 6% in the first transaction. try to move 500 million dollars of electricity from new york to tokyo. heres how you do it. you take the 500 million, convert it to bitcoin, send the bitcoin the tokyo for 3 bucks, convert it back into electricity. and by the way, the magic is not just that I did a transfer for 3 dollars instead of 300,000 dollars with gold, it would take you a month and 300 grand with gold, the magic is that I can put the 500 million dollars 30 years into the future and not lose a nickel of the energy. That is the beauty of this entire network." - Michael Saylor

This isn't a case of him being metaphorical or "meta-thinking" or a super-genius tech billionaire. This is a case of a fallible human completely misunderstanding what he is dealing with.

>>24987635
IF musk said ."Red shoes are cool as fuck" you will see a 7000% increase i sales of red shoes .

>>24987874
I am nineteen. I was too young when the shit started.

>>24987849
are XRP schizos really this stupid?

>>24986085
AND NOW PETER SCHIFF TOO
THIS IS ACTUALLY FUCKING HAPPENING RIGHT NOW

>>24987894
>Money is energy?
He is retarded or yes?

>>24987859
Anon I...

The billionaires are not pajeets. Imagine not buying and holding BTC at this point. You just have to hold through these next couple years. I'm starting to feel bad for you guys. You must be poor or something.

cringe.
I don't even know what will happen to bitcoin anymore. Line go up or down?

>>24987894
i'm pretty sure he meant you buy the electricity locally produced with bitcoin. it's all in your head.

he means the energy market can surpass physical limitations between overproduction and underproduction in time and distance.

>>24987917
>he needs new buyers
imagine being this retarded

>>24987917
They are pumping the hype
>>24987818
Listen to him

>>24987917
I hate these ponzi responses to bitcoin, as if all the normies are not participating in a nationwide ponzi AKA the 401k.

If you aint always bullish on Btc you dont understand the value and will be left out in the gutter. its a Crypto. it will be so volatile you cant keep up . Youwill have paper hands and be in all wojak threads.

>>24985230
Holy fuck. Saylor is a fucking giga Chad!!!!

>>24987894
I understand why you would misconstrue the statement, and I also understand why you would want to.

All I can say to you is this: you had 12 years.

>>24987894
HAHAHAHAHA YOU ARE THAT FUCKING DUMB JESUS CHRIST ON A STICK
do you also believe he thinks he can literally transmute 500 mil into bitcoin?
never change /biz/

>>24987938
Yes I am. And I am zoomzoom. I have 0.0006 of btc. And that's it.

>>24987894
ok that's a weird way to explain it, but would need to question him to tell whether he is retarded or just used to have to simplify things liberally when presenting them

>>24987894
its all okay we all have had our moments.

>>24987894
REEEEEEEEEEEEEEEEE You're NOT FUCKING GETTING IT.

...wait you're trolling me lol fuck you dude. No more bait posts for me

READ THIS .

>>24987917
>>24987959
>>24987973

SCHIFF VS SAYLOR INCOMING

>>24987937
everyone knows electric power is transformed to heat and expunged into the environment in bitcoin miners you are not getting it back literally.

someone must run overproduction in your area and sell electricity for bitcoin.

schizos just need to take their meds.

>>24987894
You realize that the digital world relies on electricity right? The world of code needs something to fuel it. The digital world isn't fairy dust. In that sense it's both a metaphor and a technical fact.

What exactly do you think Saylor believes? Did you listen to the entire interview and come to this conclusion? Dude honestly, you're being a complete idiot.

Christ on a popsicle stick.

>>24987988
Fuck off.
>12 years
>12 years
>12 years
Zoomers (me including) fucking hate you. We was too young for this.
ITS UNFAIR ZOOMERS RISE UP

>>24988021
no1 cares about your scamcoin, goldstien

>Total stock market cap is 83 trillion
>Total crypto market value is 700 billion
So why haven't you bought crypto yet when the sky is the ceiling

>>24988034
ITS A TRICKERY TO FOOL YOU
ITS PUMP AND DUMP GAME

>>24988049
>tfw had plenty of time but have been a poorfag all my life
These feels are even worse.

>>24987996
I'm so sorry. I am millennial. I've seen some shit man. Luckily I have a software job so I can afford lots of BTC.

Sincerely good luck fren.

>>24987894
>convert it back into electricity
He's talking about buying electricity. Like futures or something.

>>24988034
jesus this is getting cringe

>>24988034
schiff is such a fucking retard. i would not be surprised if he secretly owns millions worth of crypto.

>>24986466
It’s one thing selling 1 btc and 100,000 btc.

>>24988034
schiff is absolutely retarded at debates. like 10 iq. i like the guy overall but anyone on the btc team will own him no matter how dumb. schiff is driven by pure hatred for btc so much so i'm not sure if he isn't unconciously trying to market it because he realized it is actually what gold should have been.

https://www.youtube.com/watch?v=q8R71WGO3qU

>>24988021
I bought $40k of ripple with usd though this is wrong

>>24986670
Dogecoin outperformed btc this last week 2 to 1.
It's up 44% to btc's 22%.
Threadly reminder dogecoin is most stable coin as 1 doge = 1 doge.

>>24985401
Forbes rich list shows him to be #31.

>>24988049
its true
LMAO YOURE FUCKED

Fug. My father talked about buying a fair supply of BTC back in early 2011. Now I remember it.
FUUUUUUUUUUUUUUUCK

>>24988034
schiff is coping

>>24987673
Buy HEX sir

TSLA balance sheet is negative.

>>24988155
I might have a heart attack from this shit
The feeling is too much to bear

>>24987733
Stfu burrito brainlet

>>24988113
He has a gold business. He can't fuck over his clients and everyone he led into gold. His tweet poll where he mentioned his son investing was very telling. It's his way of being right (through himself or his son) either way.

>>24988049
You should have been mining on your Athlon x2 64 when you were 10, but you were too busy playing games and being a dumb kid.

>>24988034
Schiff is gonna rip saylor apart and Elon will laugh at cryptos as usual.

>>24987849
DOGE transacts in 2 seconds.

TWO FUCKING SECONDS

>literally all altcoins including Riple into the trash

>>24987948
>>24987988
>>24987992
>>24987997
>>24988003
>>24988011
>>24988043
>>24988105

>billionaire says something that is batshit crazy
>horde of billionaire cock-suckers emerge, believing billionaires to be infallible, perfect, divine beings

Do you think jack ma is a super-genius as well?

>>24988155
same happened to me i wanted to buy on gox but family talked me out of it. and i let them so the blame is all mine.

>>24988153
Yes I am. And I understand this. Came to realization that the only hope is to godspeed study crypto and 'nomics to churn one more coin into the market.

>>24985230
Oof fucking cringe

>>24986692
The whales, including the miners, use USDT, yes.

>>24988231
Just cope.

>>24988231
i think you are the only one autistically retarded enough on this planet to think anyone wants to extract electric power from bitcorn. the only one.

>>24988133
He's actually very rhetorically gifted. When it comes to Bitcoin he's cornered into the "intrinsic value" line - which is insane at this point. But in debates, even when he loses he can still provide a good case.

The Ammous debate was much better, Vorhees is awful at debate.

>>24987438
i dont espouse the reddit spacing meme but your formatting is straight cancer.

>>24988247
DIEDIEDIEDIE FUCKING DİE UNHOLY SHIT
>>24988237
I feel you.

>>24988266
>>24988275

"#Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy." - Your lord and savior, Michael Saylor.

>>24987635
Maybe. Nothing can stop grt from pumping.

>On Tuesday, San Francisco-based Layer1 announced it has raised $50 million from billionaire Peter Thiel and others to move forward with its plan, which includes running its own power sub-station and purchasing solar and wind energy produced on the plains of West Texas.

Bitcoin is going to be about who has the cheapest energy and the best tech, period. Thiel's plan is solar and wind and a custom chip fabrication.

But go ahead keep believing in any currency that is unhitched from real work in the physical sense... DOGEcoin has better fundamentals than ripple

>>24988231
If my options are a billionaire vs a nocoiner biz brainlet. I'll take the billionaire everytime. It's fine though. You'll see in time.

>>24988319
Who says you can't have fun on Twitter you derp.

>>24988344
" #Bitcoin isn’t just an investment, it’s a way of life." - Your lord and savior, Michael Saylor.

>>24988247
Jesus Christ of fucking course the literal who from chinknance Chang Chong had to step in.

NOBODY KNOWS WHO THE FUCK YOU ARE YOU STUPID CHINK CRINGEFAGGOT

>>24988319
Schizo level of crypto understanding.
>>24988320
And how does this pump work? They just back up their tokens with fiat and halt the emission for a moment?

>>24987917
he is seething hard

>>24988372
This triggers you, doesn't it?

>>24988142
t. low iq brown hands

All in BTC
https://www.youtube.com/watch?v=iyLdoQGBchQ

>>24988227
Schiff believes in holes in the ground, poisoned rivers, deforestation, and hair plugs. Nice.

>>24988133
You think Schiff would spend so much energy on bitcoin if he didn’t like it? Bitcoin is a gold mine to him, it’s the only way he stays relevant and gets to be an influencer. He’s a paid shill for bitcoin, make no mistake

>>24988151
https://www.theguardian.com/technology/2020/nov/24/elon-musk-bill-gates-tesla-share-price-microsoft

>>24988200
Checked.
Why not just tell his clients to buy both if he's actually interested in protecting their wealth (hint: he's not). Gold will never go away, and is a good hedge against the crazy inflation we are seeing due to ridiculous printing. Crypto is a new asset class that will eventually have total market cap in the multi-trillions, probably quadrillions, and is currently sitting at 2/3 of a trillion. It's one of the most obvious investments you could make, and it only takes 4-5 brain cells to see it.

>>24988231
keep digging faggot, it couldn't possibly be that your dumbass misunderstood the meaning of a simple sentence and now your backpedaling hard
if saylor truly believes btc is redeemable for energy, why isn't he marketing as such elsewhere? shit if I could buy a few sats to charge my phone, that'd be a multi billion a year industry. he'd be all over that.
I don't even care if you're trolling at this point, I'm so amused at the idea someone actually thought that's what he meant.

>>24988231
Why are you still here. I can't believe you have to do this, but go listen to the video again in its entirety. Or create a thread or post and see if you get different takes. This has nothing to do with Jack Ma or an argument from authority fallacy. Either have an issue with abstract thinking. BTW he also calls Bitcoin a swarm of cyber hornets. Now seriously fuck off because I've never wasted so much time responding to such inept statements.

if I'm understanding this correctly I have to put in a minimum of $238 for a miniscule amount of btc? Is that right? Is there a different way I should be doing this?

>>24988574
Proof that banks are taking over crypto.
We need to start an exodus to the new government-free crypto.

>>24988132

Thats why you do it OTC

>>24988645
retarded, isn't it?

>>24988574
yes, you should not be using robinhood. not your keys, not your crypto. they don't actually let you send "your" crypto off their platform. and your investment won't be insured the same way stonks are if robinhood fucks off and dies.

>>24988383
>>24988525
>>24988540
>the horde of billionaire cock suckers continue to suck his cock, as he is an infallible, perfect, divine billionaire, never capable of misunderstanding like us humans

You all must be pajeets, judging by how you place yourselves inside of caste systems. The lowest of the pajeets love to worship the upper caste.

Dear Santa,

This year for christmas I wish for people to stop replying to bad bait

t. Tiny Tim

>>24988574
>buy crypto on robinhood
at least use Coinbase, jesus

i'm not even trying to shill my bags here because bitcoin is my biggest holding, but elon is involved in solar projects for a reason. he very likely isn't a fan of bitcoin's energy consumption if there is a viable alternative. i could potentially see him gravitate towards a proof of stake coin, i.e. eth. then how ridiculous would it be to have public companies a la tsla and mstr endorsing their preferred coin on their balance sheets

>>24988693
You're big cringe bro. If bitcoin doesn't seem obvious and inevitable to you there's truly nothing I can do.

>>24988683
what should i do instead?
I don't know what I'm doing fren im sorry

>>24988834
Are you white?

>>24988827
>I am so tribal that if you even question someone that I view as a fellow tribesman, I will lash out

>>24988034
livestream it

>>24988834
noobs use coinbase. really simple, and they give you $50-100 worth of free shitcoins for watching some videos about shitcoins.

once you're comfortable there, kucoin and kraken. kucoin doesn't force KYC, and kraken has XMR.

>>24988767
thank you, I'll look up coinbase now. Unless you have a better recommendation?

>>24988693
but you are infallible, rando shithead anon? you, among everyone else in this thread have gleaned the true meaning from his words?
its you who are misunderstanding, with hilarious results.
10/10 though I really got some chuckles out of this

>>24988896
No I'm gonna help him if he's part of my tribe. Slightly different.

>>24988817
Solar is still expensive but would ultimately be precisely the sustainable mechanism to obtain Bitcoin as hydroelectric power is amongst the only affordable mechanisms now to capture it.

ETH isn't trustless/decentralized. Amongst *countless* other factors which is why no institutions are buying it.

>>24988945
Cashapp is good for fomo buys.

>>24986102
Ordinarily, I would agree, but this whole institutional FOMO thing is really the next stage of the bitcoin cycle. It just takes a few movers like these to open the floodgates to establishing the credibility that larger investors need to on-ramp crypto.

>>24988817
PoS vs PoW - the rules make more sense with the latter. Cheap energy supremacy is a worth while goal even outside of crypto mining!

>>24988953
>The billionaire who said batshit insane things isn't the fallible one, thats impossible, he is a billionaire!
>no, its the one who pointed out the batshit insane thing he said that is the one who is wrong

So basically you are saying the crowd is always right and you should always go with the crowd like a fucking pleb?

>>24986300
What's so hard to understand? Bitcoin's market cap is so small compared to gold or other commodities. It doesn't take much to make it explode with all the inflationary fiat floating around out there looking for a home.

>>24989031
No one said he's infallible you retard. You don't even understand what a metaphor is. Fuck off.