What’s your big gamble? (Volume 3)
Discussion
Mr Overheads said:
egomeister said:
MikeStroud said:
It's strange he bought $1.5Bn of btc on 8th Feb and now is dissing his own investment and won't accept it as payment. Doesn't look very clever at all unless: (1) he is doing an obvious market manipulation ready to buy more but surely that's illegal? or (2) he's spotted an opportunity to create a GreenBitcoin to rival the current DirtyBitcoin, i.e. one created only with green energy.... maybe he has a plan to do something with the likes of hydro powered ARB ? or (3) he's plain mad.
A little from column one, a little from column three I think, but don't expect the SEC or anyone else to do anything about it.Looking back at Mikes post, I am perhaps too quick to write off option 2. It's entirely plausible he would create a crypto as another means of generating profit (from everything except car production). Of course there would be some hefty pre-mining allowing him to cash in... TeslaCoin anyone?
MikeStroud said:
Mr Overheads said:
NuckyThompson said:
Milkbuttons said:
I'm guessing there's a few of us in here with ARB and I'm sure most of us are nursing a loss rite now, any ideas on your target exit price are you holding for the medium/long term?
If it goes back over 200 il prob cash out then, I expect Bitcoin to go back on the up from now after musk has had his fun. His manipulation of crypto should really affect Tesla’s share price IMO as if he decides to take Bitcoin as payment and then a month later realises it’s not environmentally friendly it kind of shines a dim light on the CEO of a major company pushing environmentally friendly products. Hi Everyone,
The hornet's nest has been officially kicked, as the richest man in the world stunned social media last night with the announcement that Tesla will no longer accept bitcoin as payment for cars, citing environmental concerns.
If it were anyone else, we'd just write this off as FUD and move on, but seeing as how Tesla's involvement in bitcoin drove the price up from around $36,000 to where we are now, this is more than a bit unnerving for those of us who are exposed to digital currencies.
It's a bewildering about-face to say the least, as they only just started accepting bitcoin 50 days ago. Did they not know how Bitcoin worked at that time?
In fact, when Jack Dorsey came out with a report on how Bitcoin mining incentivizes renewable energy, Elon Musk was quick to agree. That was just three weeks ago!!
Adding to the absurdity of the situation is the clarification that Tesla will not be selling off their bitcoin holdings, but will instead be keeping them until the digital currency can improve its carbon footprint.
Many who are familiar with the technology were quick to point out that hodling bitcoin is tantamount to using it for transactions, at least as far as energy consumption goes. Either you're in, or you're out, a part of the network or not.
What struck me was the corporate language used in the announcement, which reads more like something off a PR desk than something the meme master would have written himself.
This is a detail that has many questioning whether someone else is pulling the strings here. Some have suggested Cathy Wood from Ark Invest is behind this, but I don't believe that. She's knee-deep in Bitcoin herself.
The far-right media outlet ZeroHedge wrote an article implying that it may have been China. Crypto maven Naomi Brockwell sees it as a hat tip to the Environmental Protection Agency in order to gain favor for Tesla's bid to enter the multibillion dollar renewable credit market.
To me though, this is just Musk being Musk. We've seen him intentionally manipulating financial markets so many times before that it's not even funny.
It's very likely that he's looking to buy more at a cheaper price. Don't hate the player, hate the game.
As I said the other day, wouldn't be surprised if their holding went up on a dip.
egomeister said:
MikeStroud said:
It's strange he bought $1.5Bn of btc on 8th Feb and now is dissing his own investment and won't accept it as payment. Doesn't look very clever at all unless: (1) he is doing an obvious market manipulation ready to buy more but surely that's illegal? or (2) he's spotted an opportunity to create a GreenBitcoin to rival the current DirtyBitcoin, i.e. one created only with green energy.... maybe he has a plan to do something with the likes of hydro powered ARB ? or (3) he's plain mad.
A little from column one, a little from column three I think, but don't expect the SEC or anyone else to do anything about it.Who has a greater influence on the markets? Musk or Buffett?
As for verbal diarrhoea who is worse...Trump or Musk!
Musk plays a very good game and it is sad that people are still so keen to follow his take, which as you point out is used to manipulate the markets. I am pretty sure Musk will have a change of heart and be buying more Bitcoin as soon as the market drops
As for verbal diarrhoea who is worse...Trump or Musk!
Musk plays a very good game and it is sad that people are still so keen to follow his take, which as you point out is used to manipulate the markets. I am pretty sure Musk will have a change of heart and be buying more Bitcoin as soon as the market drops
JontyR said:
Who has a greater influence on the markets? Musk or Buffett?
As for verbal diarrhoea who is worse...Trump or Musk!
Musk plays a very good game and it is sad that people are still so keen to follow his take, which as you point out is used to manipulate the markets. I am pretty sure Musk will have a change of heart and be buying more Bitcoin as soon as the market drops
To me Musk has more influence. Buffett just seems to be fairly quiet about his investing. Few billion here few billion there. As for verbal diarrhoea who is worse...Trump or Musk!
Musk plays a very good game and it is sad that people are still so keen to follow his take, which as you point out is used to manipulate the markets. I am pretty sure Musk will have a change of heart and be buying more Bitcoin as soon as the market drops
I think Trump is a bit worse. Musk comes out with some crap as well but Trump wins it. As much as I hated Trump I believe he is one of the few presidents who didn’t start any wars while in power. His only been gone 5 mins and Israel and Palestine are already back at it again.
Edited by Aiminghigh123 on Sunday 16th May 09:19
Edited by Aiminghigh123 on Sunday 16th May 09:19
GPH said:
Although I'm not invested in AMGO anymore as i went mining instead.... if I had money to spare i would be happy to put it back in following the vote by the creditors and Court ruling in the past few weeks.
With regards to the Court hearing on Wednesday to finally approve the scheme - as others have said - I think the last minute change of mind by the FCA is purely because they were criticised by the likes of Martin Lewis and the MPs and the Judge will not like them changing tactics having been given their opportunity to object in the first hearing.
Now saying nonsense like Amigo have not consulted with their customers over the amount of money to be refunded is a joke. This is not a trade union negotiating salaries for its employees. The Amigo offer was take it or leave it and 95% voted to take it.
It is clearly a tactic to try and get more money put in the pot and perhaps reduce the Directors share options rewards so I'm sure a compromise will be reached and it will go ahead as forcing Amigo into administration will get the customers nothing so then the FCA will look like morons.
The main reason for my post was to print this letter from the Financial Ombudsman to Amigo this week which is in support of the scheme and will be presented in Court. This should be the final nail in the coffin of the FCA objection.
https://www.financial-ombudsman.org.uk/files/30352...
I'm optimistic that the judge will find in favour of Amigo; not long to go now!With regards to the Court hearing on Wednesday to finally approve the scheme - as others have said - I think the last minute change of mind by the FCA is purely because they were criticised by the likes of Martin Lewis and the MPs and the Judge will not like them changing tactics having been given their opportunity to object in the first hearing.
Now saying nonsense like Amigo have not consulted with their customers over the amount of money to be refunded is a joke. This is not a trade union negotiating salaries for its employees. The Amigo offer was take it or leave it and 95% voted to take it.
It is clearly a tactic to try and get more money put in the pot and perhaps reduce the Directors share options rewards so I'm sure a compromise will be reached and it will go ahead as forcing Amigo into administration will get the customers nothing so then the FCA will look like morons.
The main reason for my post was to print this letter from the Financial Ombudsman to Amigo this week which is in support of the scheme and will be presented in Court. This should be the final nail in the coffin of the FCA objection.
https://www.financial-ombudsman.org.uk/files/30352...
Edited by GPH on Saturday 15th May 14:13
ANIC is another one of those I had on my watch list for months but didn’t go in
Lab grown meat is quite possibly the future given environmental benefits. ANIC takes stakes in companies in that sector, so the big drop on the recent fund raise is odd seeing as they need to raise funds to make additional investments. Yes you are diluted but you have a smaller piece of a bigger pie
Lab grown meat is quite possibly the future given environmental benefits. ANIC takes stakes in companies in that sector, so the big drop on the recent fund raise is odd seeing as they need to raise funds to make additional investments. Yes you are diluted but you have a smaller piece of a bigger pie
Edited by Adam. on Sunday 16th May 21:25
Adam. said:
Lab grown meat is quite possibly the future given environmental benefits. ANIC takes stakes in companies in that sector, so the big drop on the recent fund raise is add seeing as they need to raise funds to make additional investments.
I completely agree.I'll be soon taking my profits out of crypto and a large portion will be going into lab grown meats.
Insurancejon said:
currently only 0.11% down on EUA currently.....but really starting to wonder whether to move it to something better.
Whats everyones thoughts on what happens next with it. I've tried reading LSE but it just fries my brains trying to spot the intelligent post
All we know is they are selling some stuff (for which you'll get a divvy) and keeping some other stuff. Beyond that it is all conjecture.Whats everyones thoughts on what happens next with it. I've tried reading LSE but it just fries my brains trying to spot the intelligent post
Whilst we may not multi bag I think we will get a healthy divvy (the bod state a "significant" divvy) this summer. Then whatever they keep they will develop with a partner (Rosgeo and the Japanese to fund it??) and either sell or mine themselves.
For me this would be a good outcome, "significant" divvy now and more money expected in the future.
I don't think we will get the return some say but I do think we will get far more than most shares return.
All my opinion, dyor etc, no one knows as no one has any information to make a considered valuation.
egomeister said:
It's possible that he had Aspbergers before his appearance of Saturday Night Live, but it's equally likely that it's the latest in a long line of spoof and misdirection...
Looking back at Mikes post, I am perhaps too quick to write off option 2. It's entirely plausible he would create a crypto as another means of generating profit (from everything except car production). Of course there would be some hefty pre-mining allowing him to cash in... TeslaCoin anyone?
Call me cynical or old fashioned but I wouldn't go anywhere near the guy or anything he is involved in. Looking back at Mikes post, I am perhaps too quick to write off option 2. It's entirely plausible he would create a crypto as another means of generating profit (from everything except car production). Of course there would be some hefty pre-mining allowing him to cash in... TeslaCoin anyone?
I can see a Ratner in the making. That TV appearance the other day, the moonwalk and striptease, one day his castle will crumble to the ground.
Skyedriver said:
Call me cynical or old fashioned but I wouldn't go anywhere near the guy or anything he is involved in.
I can see a Ratner in the making. That TV appearance the other day, the moonwalk and striptease, one day his castle will crumble to the ground.
He's starting to ring the alarm on the cringe-meter. I can see him making a reallllly big embarrassment of himself. Who's going to want to sniff his crack then..I can see a Ratner in the making. That TV appearance the other day, the moonwalk and striptease, one day his castle will crumble to the ground.
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