4 ms·

Pump and dump

• mumblemumble 5y ago
  It says right there that they are holding onto their bitcoin assets. Assuming that's true, there's no way this is a pump and dump, because there was no dump.
  • deleted 5y ago
    [deleted]
  • birdyrooster 5y ago
    Okay well then maybe not. I don’t imagine Elon would hurt TSLA to get a discount on BTC
  • cko 5y ago
    You can borrow against it, and that wouldn't be a taxable event. Not sure what % of your portfolio lenders allow though.
    • mumblemumble 5y ago
      It's not really about taxable events so much as possessing a financial interest. Using it as collateral doesn't get it off your balance sheet, nor does it negate the influence of any price swings. If anything, it intensifies them, since a downward swing (say, in response to a tweet saying you're no longer three rocket emoji Bitcoin, only two rocket emoji Bitcoin) might trigger a margin call.