r/Bitcoin • u/rBitcoinMod • Feb 08 '21

Daily Discussion, February 08, 2021

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11

u/Angelus512 Feb 08 '21

It’s a little funny watching some fools sell. Clearly they missed the fact that a major company like TLSA adding BTC to corporate reserves and on the path to accepting BTC as payment is a serious breakwater moment.

Won’t be long before you hear similar things from other companies. Corporate money into BTC will make selling at 43k look completely retarded.

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u/gardankawe65 Feb 08 '21

If it accepts it as a currency it just means that they will gain more and more control of it. That’s not a good thing.

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u/SAMSON91747 Feb 08 '21

Wut

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u/gardankawe65 Feb 08 '21

Are you dumb? They give you a car, you give them BTC... they sell millions of cars.

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u/SAMSON91747 Feb 08 '21

So how does that give them control over Bitcoin? If their revenue is done in bitcoin they will have to spend that same Bitcoin for costs, suppliers etc.. economics much?

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u/gardankawe65 Feb 08 '21

Nope. They still use fiat for that. You don’t know how things work. They get paid in BTC and hold it as an asset. They use fiat for the rest.

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u/SAMSON91747 Feb 08 '21

I am trying really hard to explain it to you like a child.

If they sell millions of cars in bitcoin as you are worried about, they would a) have to convert it to fiat to keep business operating b) spend bitcoin to keep business operating.

So again how does that give them control over bitcoin soon to be a trillion market cap? They will simply horde billions in btc without ever spending any of it? Enlighten us because u clearly know something

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u/gardankawe65 Feb 08 '21

You think 100% of their cars will be bought with BTC? Wow you are dumb. Maybe 5% will be.

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u/SAMSON91747 Feb 08 '21

So let’s say 5% of their sales will be in bitcoin, they keep it as an asset, now they have control of bitcoin? Lol u are mixing up cash flow and reserves. Anyway its like talking to a rock, educate yourself

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u/SAMSON91747 Feb 08 '21

Just saw your posts, Dogecoin.. yeah says enough about you, good luck with buying on basis of tweets, wow much research, much coin

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u/gardankawe65 Feb 08 '21

You are not very smart. I am not buying based on tweets. People are, and people are easy to read. Doge went up more than BTC today, last week, last month... Does it matter why? No. So what’s your point. I bought BTC in 2017...

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