Maybe that will help stop or slow down the free fall that’s happening in crypto. Bitcoin has gone from almost $60k to just under $40k in two weeks.
Glad I needed tractor tires and cashed out $300 a month ago.
I started with $250 and would probably be below that now. That $250 turned into $492 at one point and was $434 a day later when I pulled $300. After fees, that left $115 which went up to $136 but sits at $88 this morning.
Can’t complain though. Even if that $88 disappears, I made $50. Of course part of me wishes I’d have cashed out every penny when it was $492.
A close relative bought Bitcoin at about $500 and recently sold just below the drop at about $57k each.
Tell me how he made a mistake.
I’m hanging tight, bought soon after him. Apart from gov. intervention, we will see the $60k again. This year? Maybe not......
Your examples illustrate why Tesla’s decision not to accept bitcoin as payment for its vehicles makes business sense. That’s not inconsistent with Elon Musk’s statement about cryptocurrency.
Then again, with all the Fed’s printing we may ere long see something worse with our fiat currency.
You never go broke taking a profit.