Posted on 02/09/2021 9:51:14 AM PST by jdsteel
Tesla (TSLA) blazes another trail by becoming the first non-fintech Fortune 100 company to load up on bitcoin (BTC-USD) — amassing a $1.5 billion stake in January. Its new cryptocurrency investment may be sitting on unrealized gains of over 37%, including an 18% run-up in the price of bitcoin Tuesday morning to $47,000.
According to Yahoo Finance calculations and data, Tesla’s volume-weighted average price in January was $34,200, which we use as a proxy for Tesla’s purchase price of bitcoin. Based on the $47,000 bitcoin price as of 4:30 a.m. ET on Monday, that represents a gain of roughly 37%, or an unrealized profit of $561 million.
(Excerpt) Read more at finance.yahoo.com ...
You still don't get it, and keep digging a deeper hole for yourself. You might as well stop. Facts are, people investing in Tesla and Bitcoin are successful. Plain and simple. You're on the sidelines moaning and complaining. I heard the same thing 20 years ago about Apple. I bought Apple stock in the teens and twenties, and it has since multiplied (and did repeat splits). Tried telling relatives, but they had a similar response like yours. There are companies that grow exponentially, and smart people get in on the ground floor. Tesla is similar to Apple and Amazon in that regard. You don't want to play the market, fine. But don't moan and complain about others that do.
“ Facts are, people investing in Tesla and Bitcoin are successful.”
Hmmmm....”successful”. That’s an odd metric not used in financial circles.
You’ve made money on a gamble that’s worked...so far. Good for you.
After 30 years in financial services I’ve seen that sort of thing. And I own Apple stock. That company makes sense. TSLA does not at the price it was a year ago, let alone now.
Any “hole” I am in is in your imagination.
And as far as speculative investments go I am in a few. But I don’t fool myself into minimizing the risk, or like you’ve said, believing my risk is ‘“nothing”.
Good thing I'm not using your financial "services"! I retired almost 20 years ago and make many times more now than when I worked. When firms offer financial "services" to me I decline, because those "services" are a form of gambling.
“ Facts are, people investing in Tesla and Bitcoin are successful.”
Hmmmm....”successful”. That’s an odd metric not used in financial circles.
You’ve made money on a gamble that’s worked...so far. Good for you.
After 30 years in financial services I’ve seen that sort of thing. And I own Apple stock. That company makes sense. TSLA does not at the price it was a year ago, let alone now.
Any “hole” I am in is in your imagination.
And as far as speculative investments go I am in a few. But I don’t fool myself into minimizing the risk, or like you’ve said, believing my risk is ‘nothing”. Perhaps “an acceptable amount of risk”.
No. I know your type. Failure at recognizing they're losing an argument, so they double down on their posts - and dig a deeper hole. Most people reading the posts will recognize your futility in pursuing a losing argument. Have fun with a last comment, because I will no longer waste time on you.
“Losing” an argument?
LOL.
Buh bye.
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