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The other day I was thinking about Tesla employing guy from the Wall street and now all it looks as they capitalizing on Elon fame, people gullibility and and i
by NiceWayToDoIT 6y ago
The other day I was thinking about Tesla employing guy from the Wall street and now all it looks as they capitalizing on Elon fame, people gullibility and and inflating economic balloon by mimes.
Basically idea is simple if you have a billion to spare, you buy something very cheap, then you say that that will be most important thing in the world. Many people buy it, and then you sell your share.
Don't get me wrong I love what Tesla and SpaceX do, but in this game I can envision that Elon wins, and many other ordinary people will lose.
In some way I consider all this - very, very wrong.
- chill1 6y agoI think you fundamentally misunderstand why a business might buy an asset like Bitcoin. It's certainly not to participate in a pump and dump scheme - as you seem to be alluding. It takes time for a corporation to build up a position in something like Bitcoin. And it will take time to unwind that position. This is clearly a long-term hedge.
- NiceWayToDoIT 6y agoI hear you, the same way the GameStop was a long term position.