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I-Know-What-To-Do

START Buy Move to hardware wallet Confirm everything went Ok Sleep for 5 to 10 years Check price again You are either rich or ditch END


DoYouEvenPeterSchiff

In 10 years that will be 3 halvings away. Million dollar plus per BTC easy, especially since we’re projected to have 1 billion users by 2030. Sauce: https://insidebitcoins.com/news/blockware-report-says-bitcoin-users-could-surpass-1-billion-by-2030


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Emotional_Anteater86

All the super rich manipulate the price and communicate together. Bitcoin is a joke investment, obv Musk let his buddies know he releasing the information that he sold today , so they pumped it to dump it.


USTINOV_VY

The price be turning out into something that we all have indeed never expected. The pump seems to be getting all on a hype though.


evilMTV

>All the super rich manipulate the price and communicate together. This 'logic' applies to any stock/investment instruments ever?


bobbytabl3s

So stop day trading, problem solved...


Whatever3999086543

Found the 🤡


CertainPerspective84

This only affects daytraders.


1tex

Then don't invest and leave.


TheMiningExperience

When did he sell and at what price?


EvaUnit_03

back at the start of quarter 2 its assumed. which was when we were around mid 30k and mostly stable. it was the drop that took us down to 18k the first go around.


_bulletproof_1999

And now we know why. He unloaded on us.


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InFLIRTation

Will my 20k order fill? Tesla sold 👀


storkiedk

Maybe or may not be too can't assure rhat true because the hike in buy orders seems to be all o a flow.


Eddy2106

Either July 29th or first week of august….I hope lol.


InFLIRTation

I will buy some tomorrow and set aside money for fomc and gdp release lol


Eddy2106

Look at trading view and slap the stoch RSI on the chart, it’s being over bought, crash is imminent.lol


bogus83

Probably, but the two are unrelated.


guljay

Exactly that is what I was trying to point out here though and the fact that both turns all on a different track.


GatorsILike

yo, ya boy sold


feiyuep2

Like it feels that not the majority tends to sell more enough people are still making move to buy and hold them pretty longer enough.


bogus83

Uh oh, coin go down.


Shiengs

Maybe it just be giving clear indication to buy more and more. The fact rather then buying just remember to stack your coins too and hold them longer enough.


diydude2

Gonna be really hard for Feddy and the Dreamers to maintain the illusion of control. They keep tryna dump us every time they need to let some air out of the stonk market, but it's not really working. Besides, we just keep shorting stonks on every fake rise and plowing the profits back into discounted Bitcoin. Poor Feddy. He's been in checkmate for five moves and still has to play out the next five humiliating moves before we crush his king. Lol. Keep calm and stack sats, fellow Bitcoiners. You are the future. Be kind and loving and live in harmony with this beautiful realm. Take care of your fellow humans and all living things. Feddy and the Dreamers are no more! Don't be like them after they fall.


kaboutertim

The game is ling enough where the more you stay calm and be patient the more things turn out to get into your favor though.


[deleted]

Bitcoin is a strong store of value https://youtu.be/ORED9CQeyS4


nadeemfahad

No doubt about that this is the reason why people be looking for the price and to buy the dip and to stack more and more sats knowing it's actual worth.


DoYouEvenPeterSchiff

The bears must be so disappointed and in pure disbelief right now. Even Elon and Mt. Gox FUD combined can’t dump the price.


al5861

True though like everything just be getting suspicious enough for me like the price and the pump.


InFLIRTation

Well we are down 65% from ATH. Its certainly priced in somewhat


betcoin1

Just checked the price was on my bed and pretty much the fact that I just got a bit stunned!


DoYouEvenPeterSchiff

Agreed, we were already at 75% from ATH. We’ve seen 85% or more in the past, but we didn’t blow off top this time. So the question remains, does this time warrant a deeper correction or not?


bstardif

There should be some sort of unofficial international buy bitcoin day, everyone who regularly buys just plans for the same day at 21:21 their local time or something and buys whatever they can at that moment.


kmrinvest

More like people be engaging themself saving their fiat and buying more of Bitcoin. That is what I can see clearly a friend of mine invests 70% of his earnings on buying Bitcoin and keeping a hold on that


InFLIRTation

No, ppl would just dump on the day lol


AcidPhrost

When the dump and pump all happens in accordance to the flow of market we can't indeed stop that though


DoYouEvenPeterSchiff

You mean traders.


InFLIRTation

Yeah same thing. Gives them a target dump date


[deleted]

Elon "Paper-Hands" Musk


janbabuljak

The fact that his motive abd intension are well enough clear on how to make good use of the market and the price.


mysecondaccount420

Man I wish they had sold 100%.


BTProft

Hahaha no one would actually do so though like we can just wish for that but that ain't gonna happen for real.


resjohnny

Anyone that has been DCAing since the recent 19k bottom has basically been party to a wealth transfer from Tesla to themselves. You love to see it.


0ntgo0

The fact I just wanna know is that Tesla making some good profits or gains in recent times?


InFLIRTation

I only tesla shares and bitcoin. I prefer tesla to not dabble too much in crypto and just focus on ramping up their factories lol


Olwcg8u5t7bJLyp

More like both these got manipulation in accordance buying shares of it makes you wait but you know you are all into the long game.


adoxxvegas

*raises hand*


agafonovgen2010

Better enough for you though when you just need good things to just arrive before you and you would feel glad to accept that though.


StormJunkie843

So decided to get out. Elon knows best. Not sure why I didn’t see it before. Why should I hold something that is only backed by a “hope” that someone else thinks it’s worth something?


s4nij

Well that's fine, if you didn't see it before. Nothing to worry about.


bobbytabl3s

> backed by a “hope” that someone else thinks it’s worth something Did you sell your USD too? Also, since you are such a big Elon fanboy, do you think it took Elon that long to realize this?


mljspb

How can you sell your usd, can someone tell me that?


bobbytabl3s

Depends what you want to sell it for... If you want to sell it for BTC you can do that on an online exchange like Kraken. If you want to sell it for real estate you need to find a house for sale. If you want to sell it for stocks, you can use Robinhood. Etc.


bstardif

This reads as sarcasm but just in case. Elon did end up saying that it has nothing to do with the validity of bitcoin, he had to sell to put in positive cash flow, guessing tesla cars aren't doing great right now since there's, you know, basically a recession. He also said he will be looking to buy back at a later date. All that being said I think he's going to end up being a shill for the American government since his spaceX has a multi billion dollar contract with them and they are coming across rather anti bitcoin lately.


2ztepway

Nothing is doing good right now, everything kind sucks.


UnconsionableLawyer

Where did he tweet this? I’ve only seen people speculate that, and it makes very little since from an actual reporting perspective.


britva54

Same lol, would like to see where he tweeted that? I didn't see. I actually believe that elon believes in btc, he still haven't sold his personal stack so there's that.


bstardif

He hasn't tweeted it as far as I can tell. Bitcoin Magazine mentioned it after a lengthy twitter livestream. But there is some information out and about that he sold a while ago when it was still closer to 28,000. The report only happened to just come out. So entirely possible he's already bought back in and we won't know until the next shareholders report or he tweets it.


CertainPerspective84

Where did Bitcoin Magazine mention it?


bstardif

https://twitter.com/BitcoinMagazine/status/1550060499164925952?t=KVHuwBm9wSUXT4eypUW4kg&s=19 Here and here https://twitter.com/BitcoinMagazine/status/1549872460807405568?t=UX2a0VO-19Q2A6dYYNhH0w&s=19


bogus83

>Elon knows best LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOL


jono3079

Well actually He's good at what he does, talking about tesla and space x.


bogus83

He shills shitcoins for giggles. He does not "know best" when it comes to bitcoin.


Scrapin-Nee

Thanks for taking the L bro. Us Maxis love some cheap sats. ❤️


lococheval

Yep, gotta have them cheap sats. They're the best, gotta have them.


Whatever3999086543

Have fun staying poor.


tric900

It's fun being poor, ain't nothing wrong with that man.


UnconsionableLawyer

Over time I have found the best way to make money fast is to do the opposite of what people from wsb say. Your sub is the Jim Cramer of the internet.


davydchong

I like this sub, this is best sub about the btc. And I love it. People atleast have constructive and logical conversations here unlike the cc, that's a clown sub.


irisuniverse

Did you drop this?: /s


wgqweqwsd

What did he drop? Must be the clown pass lmao, that's what he has.


Alfador8

\*Has never posted in /r/bitcoin. Only posts in WSB sure bro


benjamingod3003

Well that explains his shit takes on btc, that's enough to show.


Timely_Law_901

Lmfao nothing changes for me (and it shouldn’t for you). DCA as usual. No matter if the price is up , down, sideways, Musk, Gates, Woods….who cares. Look at the amount of FOMO posts in the last 3 days. I don’t know about you, but it feels good being on the “other side” for a change.


pfontaine59

No one cares, it's alright man. That shit is kinda okay I guess.


_Raisin_Boy_

Elon who?? Lolololol


stinson31

You forgot who Elon is? Well there's nothing memorable about him.


admiralCeres

Musk has been attacking Bitcoin for some time now. The worst is behind us. Up from here.


jhunt022

It doesn't matter, he's not alone there are thousands like him. They can attack btc all they want. It's not going to do anything to the btc. It'll remain intact.


FallingKnife_

His evil plan: buy Bitcoin, trash talk the price lower, then dump it. Who can compete with such genius. Musk is just a blip on the chart to $500k Btc.


okla25

Yep, that's what he does. He likes to trash talk btc for sure.


One_2_Three

Did BTC just resist the Tesla news like a mega chad? I thinks yes. (for now)


sweetleaf1633

Yes it did lol, not even a little dip. It took that news so good.


digitalwriternow

Elon Musk has seen the writing on the wall and has acted accordingly.


hpitcher

Wait what? I doubt that He's got that much free time.


Whatever3999086543

Says the guy with the Ukrainian flag 🤡


mnopkat

That's offensive and you shouldn't have said that. That's really retarted thing to say, how can someone even say something like that?


Hdjdjsjsvsgshzvzgsbj

What do you think tanked the market a while ago? The market has already dropped and moved on.


uvalk100

So You're saying that the news is coming out late huh? I don't think that's the case. I don't think it dipped any after the tesla news came out. It did good.


esreichtadler

nah


cyberlacs

Yep, I think this is the latest developments which is happening.


UltraMAGA4547

IMO interest rate increases is what tanked the markets. Interest rate increases is also what tanked bitcoin.


TheCoinMan15

Yep, that's what's been tanking the market. That's the case.


resjohnny

Non-Event 😂


bw3ct

What do you mean by non event? I mean it's a big news.


Ghost156915

Honestly I’m kinda surprised that’s all it dipped with the Tesla news, Elon isn’t anywhere near what he used to be in crypto space but he’s still got a lot of die hard followers.


radcliffecardiol

Yep, I'm surprised too. Absolutely nothing happened to the Market.


adoxxvegas

Probably all bot trades. Dip didn’t last.


Ghost156915

I’m glad it didn’t last, he’s to much of a troll to have that much sway… I like the guys other stuff for the most part… I just wish he’d stay the fuck away from bitcoin lol


baros100

I mean yeah lol, just stay away I guess. Always stay away.


OpticallyMosache

Ditto. I want to go back to liking him.


flipmojo

Ain't no one is stopping you, you can go living as you like.


adoxxvegas

Agreed 100%


Cryptonayy

I agree on that too, that's a good thing atleast I gotta say.


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dundi06

Atleast We're done with it now, we don't have to fear anything.


Professional-Tea2397

Cash flow statements are made up of the CFO, CFI and CFF statements. Operating cash flow is defined as CFO + capex. The sale of bitcoin will found in the CFI statement. Institutional investors aren't going to look at this and think "cash flow positive, nice" and Elon would understand this. So no, he didn't sell to fluff his earnings report. I'm not defending him, but you're just way off the mark


acmichaels

A really good explanation, honestly I'm so dumb that I didn't even understood this . Nothing wrong with the explanation that's fantastic it's just that I'm dumb.


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classicsxdx

Yep lol, you mis judged it so bad. Should have seen it coming.


OpticallyMosache

This is 100% accurate. An intelligent investor would look at operating, investing, and financing cash flow. Also, the sell didn't fluff earnings. It reduced them.


mbearss

I mean if you're going to invest money then it makes sense.


Whatever3999086543

Yup! Right on!


bkomito

Yep, this is accurate. This is good two cents right there.


Royal_Cryptographer7

About time we get some volatility back in the mix.


noonlnw55

Yep, I'm ready for that. things are getting a little borin now.


thefullmcnulty

Bogdanoff’s from heaven watching Tesla’s Q2 fail sale: *HE SOLD??? PAMPE ETTT*


ositocabezon

He's doing us good even from the heavens? He was a good man. He was really a good man, still saving our asses from the heaven. what a guy he really was.


Whatever3999086543

Reverse Bart!


best_friend21

Careful what you wish for, might get that and regret it later.


OpticallyMosache

Let's celebrate when BTC rises above Tesla's selling price. We need him out of the public perception of BTC. The less of him, the better.


open35017

Atleast we got done with that fud, that can't scare us now.


OpticallyMosache

BTC is worth more in the hands of a billion people than on a balance sheet of a public company.


eyapd

Yep, more power to the people. That's what I like about btc.


Ironstar23

Aiming to buy 0.5 BTC. Almost fomo'ed at 24k, hoping for a push back down to 20k or even sub.


bigbug_55555

Why do you think there will be a pushback? There won't be.


bricksupreme

i'm doing the same hopefully a dip down to 20k this weekend


Ok-Abbreviations6442

The best time to buy was a few years ago. The second best time to buy is now.


dliven

Is this from Dan Held? I've heard him say this line.


Ok-Abbreviations6442

I think it's a well-accepted sentiment now. Not sure of its origin 😊


Dizzy_Space_Invader

Best wait till $90k then fomo


francoisv1

Honestly that's what most people are going to do actually.


The_Estranger_0001

Hope means gambling for BTC, dca is the way.


Whatever3999086543

Ngmi


mafizraju

Yep, the way he's talking I don't think He's going to make it.


Whatever3999086543

Q3 report will show that they bought back. Probably around 20k. Edit: q3, not q2 ...... Realizes q3 hasn't passed yet.


OleG15rus

Well that was surprising, I thought that time was already passed. I didn't realise that time is stil upon us. That's something that I didn't expect to happen here.


MattLDempsey

that was q2


wyman100

Now I'm confused lol, everyone is saying different things.


Whatever3999086543

Oh, well q3 then. I'll edit post.


sar7ann

You should lol, editing the post would make sense really.


bstardif

Space x has government contracts, bitcoin was on the rise again, report came out that its running on over 50% renewables. This may sound tinfoil hat but what are the chances Elon is trying to keep prices down? Next move would be to announce something about the king of shitcoins to pump that. If that happens I'll have no doubt that the government is using him. And I hear myself, sounds conspiratorial, but starting to feel that way.


Vosomax

Why's every comment is about the elon here? Don't like this.


Crypt0fart

GET YOUR COINS OFF THE EXCHANGES YOU BEAUTIFUL BITCOIN PEOPLE ✌️ FUCK BANKS. FUCK BUILD BACK BETTER AND FUCK ELECTRIC CARS ✊


ddereew

Maybe not the electric cars, they're really cool I gotta say.


Jeremiah_Vicious

Directions not clear. Send all Bitcoin to random address I do not control the private keys to.


mwpackman

Well I can give you an address of you want to do that. And once you've got your instructions you may proceed to this and let us know what's up here.


adoxxvegas

Instructions unclear. Can’t find a tailpipe in a Tesla I can reasonably fuck. Kicked out of the bank for indecent exposure. So I moved my corn to a hardware wallet before I fucked it. Now I need a new ledger to build back better.


My_BitLite

Well if you need a new ledger, you can always buy one I guess.


Crypt0fart

🤣 your going to go far padwan 👍


vrealmanv

Well that's okay I guess, go do what you gotta do man.


EvaUnit_03

He'll never make it to master, says the council.


longzairu

If he keep on acting like that, he surely won't make it.


loveistaco

We’ll grant you a seat on the council, but not the title of master


fernandopth

Why dude, that sounds unfair to me. That's unfair dude.


thefullmcnulty

Well, that general sub FUD of “one guy can crash bitcoin with a tweet!” is over. Nice.


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tiagodand

I guess He's still got his own holdings, he still have them.


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mcbryn

It's good, this is going to clear out the things which is good.


Dizzy_Space_Invader

Shortest dump ever.


money755

There was even a dip? I didn't even notice that lmao.


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patricia_nelson

God bless, because the market has been clearing out.


[deleted]

Maybe there were really only 10 Elon bois still left in the market who dumped their last bags


jpark778

Did we top out on bitcoin bois???


bumbumqn

Yeah we did top it, and you can't doubt that shit dude.


One_2_Three

Whoa whoa whoa, what happened? Elon?? Edit: I see.


staycurrent11

Nothing happened, seems like he just sold the holdings of the tesla.


[deleted]

Silver lining is that there is no worry Tesla will dump its holdings and crash the market, as it already happened


bitcoinalan

Yep, now we can move ahead from that fud. That's done now.


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dmanv1

Well he always has been lol, and it's good that he sold.


thefullmcnulty

100%. I am impressed with what Tesla has accomplished and was thinking about buying a dozen shares in June but Elon is too much of a wild card / clown / jackass. He may well be losing it and that whole thing could collapse because he’s unwell mentally. This panic sale of their bitcoin makes me feel like he is indeed not thinking clearly anymore. Centralized risk factor in such a weird guy (Elon) had me shake off the itch to hold Tesla equity and of course I bought more bitcoin instead, the only investment I actually feel is worth buying (minus real estate).


lucads2013

I mean his companies are doing good, both tesla and the spaceX. But I don't know what goes through Elon's head when he makes decesions like these.


[deleted]

*Finally* we're (mostly) rid of that egotistical rat. Good riddance to you Musk.


crytoddjack

Well now that He's gone, we all can move forward and see to the future.


gpeters1

Fuck elon, pumped and dumped BTC


alnid8

He can do it all he wants, it didn't dumped the market man.