A look beyond BTC's price...

in LeoFinance2 months ago

Everyone could see that coming. Maybe not so soon but like the dude said...it was inevitable....

World's richest man and proud owner of Tesla motors, whose tweets alone are enough to affect the entire crypto market did what he thought it would be best for himself and his company. His company bought 1.5 billion dollars worth of BTC and showed everyone how things get done.

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A huge step towards mass adoption.

We've seen many corporations / institutions acquiring BTC the last couple of years so seeing another huge firm like Tesla making an announcement about their latest acquisition shouldn't be a surprise. But it is. Why? Because they also announced that they'll be accepting BTC as a form of payment for their products. Plain and simple...Not BTC conversions to USD that would still be huge news, but direct BTC transfers so that their customers can purchase a brand new Tesla car.

And just like that the best performing digital asset will have a real life use case and will become part of our daily routine.

Why is it important that it's Elon behind all this?

How many times have you tried to convince family members or friends or even colleagues to have a look at cryptocurrencies and that it would be wise for them to invest some FIAT money in a digital asset, regardless if it's BTC or ETH or even HIVE...

I've tried like a thousand times and 99% of those times I failed miserably. Why? Because governments make sure that their puppet journalists will misinform the audience that is watching the news as much as they can regarding cryptocurrencies.

Every now and then a news about a guy who kidnapped a shipowner's daughter and demands a ransom of 10 mill USD to be paid in BTC so that they will release her...or drug lords who do business only if they get paid in BTC so that nobody can trace them...or news about the dark web and how everyone's using various untraceable cryptocurrencies so that they can buy illegal stuff etc...a propaganda against crypto.

And that's where Elon comes into play. You see this is the richest man f the world we are talking about. A guy who doesn't even need BTC yet he has a vision, and it's exactly because of people like him technology has made giant steps forward. So what is it that made him invest in BTC after all? That I can't tell but exactly because he's dumb just like Peter Schiff clearly stated, he must have realized that crypto might be the future currency of Earth.


A must watch...

Now news can't hide shit. This time this isn't about a kidnapper...nor a drug lord...nor about some famous criminal. It's about the richest man on Earth that heavily invested in BTC...it's about a massive firm that offer their clients an unthinkable up until now way to purchase their products.

And this is how a turning point looks like. Even my father asked me earlier today: "You think it's a good idea to throw some money in BTC?" and trust me on that...if my father asked me something like that, a guy who has been super conservative his entire life then thousands of fathers / uncles / brothers asked that very same question today.

This is why it is important that it was Elon and mot some random rich man...

On a side note: What do you think BMW / HONDA / MERCEDES...you name executives are doing right now? My guess is that they called a board and trying to figure out what just happened and if they should follow Elon's lead...

And that's how it starts...the domino effect...

Have a good one people.

Cheers!

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Great news that is good for the whole crypto world.
How I'd love to read a tweet though where Musk announces that he's also accepting HIVE as payment. Wouldn't that be great? :)
!BEER

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I already see quite a few big companies start accepting BTC as payment for all sort of products and services.

The same thing that happened with gold. They took it out of the plebs hands and gave them bank notes.

Now they're willing to pay people with shiny products in exchange of their Bitcoin. Somehow history repeats itself.

The currency of earth he said... Man, we never learn. When Satoshi called it the future of money nobody rushed to buy it, when the meme lord says it BTC spikes $5,000 in a day.

I guess it's in our DNA, the middle and lower class, to sell cheap and buy high.

By the way, in my #askleo post of today I asked whether anyone would buy Tesla with BTC and no one said yes.

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I wouldn't buy anything with BTC right now.

2021 Q4 I wouldn't buy anything with it, either, except for stonks, which I'd hold for a year until BTC and ETH are done correcting.

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When do you think correction will occur?

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About a year after the blow off top. The depth of the correction can be expected to be around 84%.

Many alts will correct for much longer and some will be be left to die in the wilderness.

It seems to me that it is still too early to compare gold with bitcoin. And believe me, not every person at the level of DNA laid buy-sell

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Now they're willing to pay people with shiny products in exchange of their Bitcoin. Somehow history repeats itself

Not exactly the same thing but I get your point. Back in the day everyone possessed gold. Your grandma your parents maybe even you...just a hundful of people compared to world's population have access to BTC for now let alone that due to slow transaction times it can't be used to super markets or grocery stores...but for purchases like Tesla car...maybe a house...etc...

So most likely they won't buy shitty products but most likely something of value

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I was referring to how the paper money got created. It's true, buying a house with BTC makes much more sense than a cup of coffee. However the tendency is still towards the rich putting their hands on most of it.

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This ain't gonna change anytime soon...this is how it has been and this is how it will be in the near future. At least now poor fellas got a chance

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This man is no fool, he has long been involved in the world of cryptocurrencies judging by his bizarre posts on Twitter before today. Most likely now yes, institutions, small, large, medium-sized companies will run after the hunt for Bitcoins, there is no turning back now.

Este hombre no es tonto, desde hace tiempo está involucrado en el mundo de las criptomonedas a juzgar por sus extrañas publicaciones en Twitter antes de hoy. Lo más probable es que ahora sí, las instituciones, las pequeñas, las grandes, las medianas empresas salgan corriendo tras la cacería de los Bitcoins, ya esto no tiene marcha atrás.

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More info why you see this.

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And I wish I would have bought some freakin dogecoin under a penny, dang.

This would be a worse feeling.

Whew, this was an intense read!
Such propaganda against cryptocurrency sucks , and the traditional and backward governments imbibe this controversy theories, the Nigerian government for one has put a ban on crypto transactions , not long bitcoin flies to space on a Tesla!
It's becoming evident , that Cryptocurrency Is the future.. thanks for this post !

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The domino effect is so strong
you see Btc rising but the Altcoins
are moving so fast.
I realized the most important factor right now
is to get involved with crypto.
Even $#!tcoin benefits from all of it by him.

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Can't argue with that. Even the worst shitcoin pumps and if it doesn't it soon will...

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Exactly the same thing I thought since elon musk if they are going to listen to him because he is an influential person and has a lot of money, the domino effect of him on the masses regarding cryptocurrencies was huge so expect it....

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I read that Apple is looking to buy some BTC and given the amount of cash they have, it makes sense to diversify a little. A second major company following suit would be massive for adoption.

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Bitcoin is becoming what it was born to be: a "force of nature" within the financial market.

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That is definitely a huge step forward, as it hits a big group of Tesla fans, which might have not seen BTC as a change but see Elon as guiding light.

Still, I see BTC as a value storage,rather than a way to pay for a depreciating asset. For sure I would use BTC for a rental property or land, but that would be it.

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I said yesterday that is move by Elon/Tesla doesn't just profit bitcoin alone but the entire crypto sphere. Certainly people's attitude towards crypto will change; their curiosity will be spurred even higher. This is a big win for the entire industry.

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thank's you

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Sounds like BTC is going to see ATH everyday for a while.
Don't even think a seasonal correction is on the menu, or very delayed.
So much money coming and bound to overflow in other coins, enjoy these times guys.

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I can't even imagine the number of people searching info about Bitcoin.

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That should be a good post. Dig deeper and make one!

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Elon is always a man of the future. I wonder why he didn't get into cryto before now. Indeed, we have to dig deeper to gather some knowledge beyond the price.

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So many corporations now riding the wave hehehe, AT&T is even allowing bitcoin if necessary to pay your phone bill. This is the future. Ive tried to convince family as well and they still dont see how the USD is heavily depreciating

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And that's how it starts...the domino effect...

People respect success and Elon has that in spades as the world's richest man. The news today just amps up the rate at which bitcoin is going mainstream. Not just bitcoin, but the entire crypto industry just got a whole lot more street cred with the normies.

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whos elon why everyOne fouse on him

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He's the richest man on Earth. Owner of SpaceX and Tesla companies among other things.

He's nobody...

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hahah you are to rich Person on the EARTH because you have Family

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If you ask me if the future is bright on cryptocurrency. i'll tell you it's brighter. Let's forget about the FOMO and all isn't this a great thing to venture into either you're a investor or just a normal person who wants to be safe from the so called CENTRALIZED government.

Even most people are not aware of the advantages it has. They focus only on the disadvantages, fiat too has its own advantages and disadvantages too and has been that way right from the beginning.

I don't see why anyone would not want to get involved in the crypto world. I'll be glad to be part of the dumb people who buy now.

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I don't see why anyone would not want to get involved in the crypto world.

It's because they don't feel safe. They're used to recover passwords with a click of a button a insert new ones...

They need to act as a bank themselves...

And most importantly they are not used to have "virual money"...they need paper in their lives...

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They need to act as a bank themselves..

We all surely do.

they need paper in their lives

Hope it won't be too late before they realize holding Paper isn't worth it. It is prone to wear and tear. Also loses value with time.

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Oh I know...and they are about to find out soon...

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elon knows what he is doing and i believe he is involved in cryptos for far too long

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Involved in crypto in one thing and go public...another ;)

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true! i guess he waited for the right moment!

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