02-08-2021, 08:48 PM
The $TSLA purchase of $1.5 Billion in BTC is a classic case of "Follow what I do, no
<!-- SC_OFF --><div class="md"><p>I have a ton of friends <em>(many who I warned about investing in DOGE)</em>, messaging me today with a narrative that Elon Musk somehow did <em>"something wrong"</em>, here. By pouring fuel on the DOGE fire, and sitting on the sidelines, all while making a move on BTC...</p> <h1>THIS IS HOW WHALES INVEST!</h1> <p>If you were going to be investing ~2% of your entire net worth on an asset, would you be pumping it up to the sky? Of course not...it's quite literally where the idea of <strong>FUD (fear, uncertainty, doubt)</strong> comes from. And the strategy of diverting attention away from your investment, to help ensure a lower entry point.</p> <p>A reminder that <strong>Elon is not new to the crypto space</strong>. He even gained his original wealth from Quick-2-Pay (now PayPal), and has been intimately tied into the digital payment community for FAR LONGER than most realize...which, translates to him fully knowing and understanding that DOGE was NOTHING MORE than a meme. Subsequently, also allowing him to recognize the value in BTC as a store/transfer of value....oh yeah, and he hates big gov., SEC, FTC, and basically all the other entities trying to slow him down.</p> <p>Investors for years have followed this tactic, which is why the saying <strong><em>"Follow what I do, not what I say"</em></strong> is so commonly regurgitated in investment circles. In the case of DOGE as a distraction, while Musk and $TSLA quietly accumulate their $1.5 Billion holdings in BTC, there is no difference.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BradlyL"> /u/BradlyL </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lfc9ah/the_tsla_purchase_of_15_billion_in_btc_is_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lfc9ah/the_tsla_purchase_of_15_billion_in_btc_is_a/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have a ton of friends <em>(many who I warned about investing in DOGE)</em>, messaging me today with a narrative that Elon Musk somehow did <em>"something wrong"</em>, here. By pouring fuel on the DOGE fire, and sitting on the sidelines, all while making a move on BTC...</p> <h1>THIS IS HOW WHALES INVEST!</h1> <p>If you were going to be investing ~2% of your entire net worth on an asset, would you be pumping it up to the sky? Of course not...it's quite literally where the idea of <strong>FUD (fear, uncertainty, doubt)</strong> comes from. And the strategy of diverting attention away from your investment, to help ensure a lower entry point.</p> <p>A reminder that <strong>Elon is not new to the crypto space</strong>. He even gained his original wealth from Quick-2-Pay (now PayPal), and has been intimately tied into the digital payment community for FAR LONGER than most realize...which, translates to him fully knowing and understanding that DOGE was NOTHING MORE than a meme. Subsequently, also allowing him to recognize the value in BTC as a store/transfer of value....oh yeah, and he hates big gov., SEC, FTC, and basically all the other entities trying to slow him down.</p> <p>Investors for years have followed this tactic, which is why the saying <strong><em>"Follow what I do, not what I say"</em></strong> is so commonly regurgitated in investment circles. In the case of DOGE as a distraction, while Musk and $TSLA quietly accumulate their $1.5 Billion holdings in BTC, there is no difference.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BradlyL"> /u/BradlyL </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lfc9ah/the_tsla_purchase_of_15_billion_in_btc_is_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lfc9ah/the_tsla_purchase_of_15_billion_in_btc_is_a/">[comments]</a></span>Kind Regards R