How much of that is jumping on the bandwagon, just to make quick bucks from the recent hype?
Tesla: Invested in 2021.
Fidelity: planning to launch Bitcoin ETF in 2021.
Goldman Sachs: Starting a cryptocurrency trading desk soon - same headline as in 2018, when they quickly abandoned such plans as crypto markets plummeted.
…
I have been following BTC since the very beginning.
What I see now is what has happened before many times. The only difference is that this time there are much more people involved and almost everybody knows about BTC so it gives an impression of a big issue. But it is completely normal in the history of BTC.
Another difference is that now many people invested money they couldn´t afford lose, or even they took loans to buy BTC. That’s why the panic is massive now.
You just have to hold. It will raise again.
My 2 cents.
Elon tweets this 40min ago :
All cryptos going up again. This is a damn casino.
Please tell me that everything is not green for this…
It depends on several factors IMO. Do you believe in DeFi or in FIAT? Do you want to make just money or change something? Is it a scam or actually a technology that is a masterpiece? Are you scared about inflation and the current stock market? Do you believe in Gold?
It’s nice to see the mining cartel in action. If things are that centralized, why do we even bother with PoW?
haha! Probably not 100% because of that tweet but surely it helps to bump them.
This is a relief bounce. Elon&Saylor are pumping good news, everybody is back in fomo and long. Many were long at 60, 50, 46, 40 and got liquidated at 30k or lost at least 50-60% of their portfolio. But there is still a lot of BTC at the exchanges unused waiting. So we will see if this BTC will get used and people will get soon rekt again.
It is a bubble. And a bursting one, like other times before. I did not say it scam. Time to hop back on is in a few months, by time averaging the purchases, and wait for the next bubble.
The fact is all cryptos keep being priced in USD/fiat…
Just to give a bit of perspective, the people Elon talked to only represent 10% of the current hash rate and most are already publishing the source of their electricity.
I still believe that Elon has something in mind with all this narrative around energy-efficient mining and it is probably planned.
Perhaps Tesla CFO has also pointed out to him that their shareholders are not very happy about the USD1.5Bn of BTC on Tesla balance sheet being devalued by his earlier tweet and he is trying to row back from those comments? If I recall BTC made up a significant chunk of Tesla profit in Q1
And while only realized increase in value (when BTC is sold) would be reported in earnings, decrease in value are always included (even if not realized).
So it could really drag down Tesla earnings (though I assume analysts would anyway discount it, but the press would have a field day).
Well he is back to talking about dogecoin 
I guess he does not have a plan after all.
Tesla purchased at $34k if I recall well, so they took $100m in profit and are still positive today, pretty good I must say, shareholders should be happy.
He should probably stick to being Technoking. Let him loose with finance, economics or looking after shareholder’s interests and he seems like a loose cannon
Would be interesting to read the Master of Coin’s opinion…
Hi Lumo,
nobody will be able to predict the future. If you are looking for a consolation and that makes you happy…another bubble might grow in a couple of months/years. Good luck!
well thank you. the goal was only to discuss and share opinions, of course no one has a crystal ball
sure… everything will be fine… just hodl.
We are again at a crucial point, in addition crypto is decoupling from NQ
