A Tesla Theory

So, when I first heard of Tesla selling 10% of their Bitcoin stake, I was conflicted and didn't know how to take it. This was even after seeing Elon's Twitter response stating that this was proof of liquidity.

I slept on it. I do my best thinking while sleeping. And I woke up without conflict in my mind. In fact I was quite excited (no, not in that way!).

Here's my theory:

Elon is a very, very smart man. In 2018, he negotiated with the board a compensation plan that included no salary but provided for the option to acquire Tesla shares based on a schedule that includes 12 tranche's that are unlocked based on Tesla's performance. Upon unlocking the final tranche, he would beneficially own (including shares he already owns) 28.3% of the outstanding TSLA shares (~$188Bbased on today's prices!).

Now Elon has basically met these requirements, the biggest goal was to get TSLA to a $650B market cap, and they're at $666B now. To unlock the remaining 6 tranches, he basically has to hodl their market cap above $650B for a period of time.

So let's say you are a smart Elon. You see power of Bitcoin in the face of the most fragile and manipulated economy to ever exist in the history of man... You see the growing competition in the electric vehicle space... You want to not only maintain your current market cap but smash it to the moon. You go to your board and tell them you want to convert a significant portion of their $20B war chest into Bitcoin. Now Elon wants to buy A LOT ("Are such large transactions even possible?"), but based on discussions, some goal posts are put into place (eerily similar to his compensation schedule). Their first purchase must be limited to $1.5B. It must hodl it's value over the length of a quarter AND must prove to be liquid in case TSLA needs the cash.

These goal posts have been met. Perhaps there's a few more that we're not aware of... But if the theory hodls true, meeting those goals will lead to LARGE future purchases of Bitcoin to add to their treasury....

But this is just my humble theory and your thoughts appreciated!

submitted by /u/obsidience
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Murphs going to war with BTC, Aussie Crypto Shillionaire, Strayacoin mate! (Satire)

submitted by /u/chrisfirgaira [link] [comments]

Hardware wallet transaction

I’d like to know when you send cryptocurrencies to a hardware wallet if you need the wallet connected to the computer until the transaction is done or you just need the address and not having the hardware wallet conected all the time.

submitted by /u/DCLLondon
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source https://www.reddit.com/r/btc/comments/n0x43j/hardware_wallet_transaction/

I think I already know the answer that I do not want to know

Pretty certain I do NOT want to know the answer to this.

Today sent 60 some odd BCH to BTC Segwit address on coinbase exchange, from my Ledger Nano S (Dont ask!) - Am i hooped? Is this something a BCH miner can recover?

submitted by /u/Confident-Divide667
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source https://www.reddit.com/r/btc/comments/n0ytqc/i_think_i_already_know_the_answer_that_i_do_not/

How market cap works, and the reason Bitcoin will DOUBLE in price overnight. (HODL)

Earlier today I read Lyn Alden's article about how market caps and the price of an asset is set: (https://www.lynalden.com/market-capitalization/)

The tl;dr for the article, is that for a one trillion dollar asset to go to two trillion dollars, and by extension DOUBLE in price, an additional one trillion dollars of fiat does not need to flow in. It is possible that only 10B of fiat could flow in, and the price and market cap of Bitcoin could potentially double. The only thing that matters is the price that people are willing to sell, and the price which people are willing to buy.

What is going to take us to $100k+ in 2020 is likely to be a sharp move upwards, instead of a slow crawl like we have been experiencing.

How you might ask?

Suppose a traditional mega-corporation like Wal-Mart, a sovereign wealth fund, or a central bank in came out and announced that they now had a Bitcoin position. Almost immediately we would see a massive price appreciation which could be upwards of 100%.

Why is this? Well, within a few hours of the news, HODLers, would be instantly validated, feel like the Bitcoin prophecy is coming true, and would be unwilling to sell my own bitcoin for anything less than $100k/coin.

Meanwhile, buyers, sensing that they are late to the party, and also feeling safer about taking a larger position now that X has purchased, would start to fomo in, and the notion they held just hours before of "$50k is too expensive" would be replaced by "$100K is a good price!"

I know this sub talks about it alot, but you can view this as another reason why it is critically important to HODL your Bitcoin, and not trade in and out of it. The price appreciation will come sharply, and seemingly out of nowhere. You do not want to be in the middle of trading shitcoins when this white swan event inevitably happens.

submitted by /u/HaveFunStayingRich
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What happened? Bought $50 of BCH on BitPay and got like $37.5?

I thought BCH had low fees? Did BitPay charge me? I didn’t see a ‘your fees will be...’ section. Did the crypto company Simplex charge me? Yikes... did I fuck up somewhere? Sigh.

submitted by /u/CreeyoLeelo
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source https://www.reddit.com/r/btc/comments/n0xjaf/what_happened_bought_50_of_bch_on_bitpay_and_got/

Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data

submitted by /u/AXEL_Network [link] [comments]

source https://www.reddit.com/r/btc/comments/n0yrr4/alleged_366m_bitcoin_mixer_busted_after_analysis/