Bottlepay Launches Bitcoin Twitter Payments, Reddit, Instagram Come Next


, with speculation about his true identity focusing on a number of cryptography and computer science experts, mostly of non-Japanese descent. claimed to be a 37 year-old male who lived in Japan; however, some speculated he was unlikely to be Japanese due to his native-level use of English and his bitcoin software not being documented or labelled in Japanese. Log in to your WTOP account for notifications and alerts customized for you. The electric car company disclosed Monday that it purchased $1.5 billion in Bitcoin and expects to accept Bitcoin payments in the future. Stocks finished up Monday, with the three major U.S. indices posting record highs.

  • The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2.
  • The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments.
  • A deadline set by many countries to go carbon-free by 2050 has led to rising adoption of zero-emission vehicles and Tesla has been at the forefront of this transformation, selling long-range battery electric vehicles .
  • To build a foundation layer of digital scarcity so robust and trusted that it can support a whole skyscraper of technology on top.
  • At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy.
  • “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital.

They are distributed monthly and used to weight your vote on polls. To me, Ethereum represents a much more flexible approach to designing sound money. In particular, because ETH itself doesn’t need to be sound money, it can remain a speculative asset while sound money is built on top of it as a token. Through on-chain network effects, this sound money can be built into many different applications natively. This thread is a sterling example of the tech illiteracy that plagues beaxy crypto exchange your average retail crypto speculator. Because I hold coins with better technology, and a lower market cap for potential higher returns. Bitcoin is being built as a nuclear proof base layer of a technology stack that will hopefully carry trillions in value. The base layer must be extremely robust, decentralised, and censorship-resistant. To build a foundation layer of digital scarcity so robust and trusted that it can support a whole skyscraper of technology on top.
Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness. Brent crude futures settled down $3.83, or 5.9%, at $60.79 a barrel, after hitting a session low of $60.50. The shift lower came after U.S. crude oil stocks rose and gasoline inventories fell in the most recent week, according to trading sources citing data from industry group the American Petroleum Institute. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. It also didn’t bitcoin reddit quite line up with Tesla’s Monday regulatory filing, which said the company bought Bitcoin after changing its investment policy in January. The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. social media analysis could be used to predict the price of smaller cryptocurrencies. ”I suspect there are entities out there right now mining social data for insights,” Gilbert said.

I Just Bought A $2,000 Bitcoin call Option From A Stranger On Reddit For $300

was a joint pseudonym for Craig Steven Wright and computer forensics analyst David Kleiman, who died in 2013. Wright’s claim was supported by Jon Matonis and bitcoin developer Gavin Andresen as well as cryptographer Ian Grigg. .” In September, the account posted another message saying it had been hacked, raising questions over the earlier message’s authenticity. continued to collaborate with other developers on the bitcoin software until mid-2010, making all modifications to the source code himself. He then handed over control of the source code repository and network alert key to Gavin Andresen, transferred several related domains to various prominent members of the bitcoin community, and stopped his recognized involvement in the project. Regarding the pirate chain as a “trading asset”. The US dollar accounts for 80% of the world’s trade, but contributes only 25% of the world’s gross domestic product.
Lightning Network is taking huge strides, and you know the best thing about Lightning? Such is the power of having a robust base layer and auto trading kick innovation up the stack. I am interested in reasons and opinions of people that are bullish on crypto, but do not own any Bitcoin .

”I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. ”I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. The moderator then went on to explain that there could be a number of reasons for the current status of OP’s account.

Michelob Ultra Now Promoting Bitcoin

However, we already know that optional privacy is not privacy. For example, ZCash is often mistakenly advertised as a privacy coin. Less than 1% of ZCash transactions are private. As a result, crypto tracking companies such as Chainanalysis can document over 99% of ZCash transactions based on the resulting metadata . Treasury Secretary bitcoin reddit Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, previously appeared to remove the post.
bitcoin reddit
A Reddit user claiming to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it. Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. “I am a software dev working at R&D at Tesla in California, over bitcoin auto trading the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. Bitcoin developer Peter Todd said that Wright’s blog post, which appeared to contain cryptographic proof, actually contained nothing of the sort. Bitcoin developer Jeff Garzik agreed that evidence publicly provided by Wright does not prove anything, and security researcher Dan Kaminsky concluded Wright’s claim was ”intentional scammery”.

Bloomberg

r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization. According to Bottlepay, a user needs only to tweet for the feature to send a specific amount of sats to another user’s account. Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter. Dec 5th Update, whaleclub is a scam and they stole $20,000. — Still using coinbase though, and giving money to founders. I think it has the potential to go up significantly.
bitcoin reddit
The social media platform doubled its valuation to $6 billion as it raised $250 million in Series E funding from existing and new investors. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, according to Reuters. The user posted a link to the Post’s story and appeared to corroborate it. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik.

Tesla Buys Bitcoin; Reddit Stocks Retreat

The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales. Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital.
bitcoin reddit
Despite a recent pullback, its stock has soared 650% in the last year, helped also by a cult following for CEO Elon Musk. Gold prices slipped on Tuesday as the U.S. dollar strengthened along with Treasury yields, while markets awaited comments on economic health from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day. Safe-haven gold is highly sensitive to rising bond yields as they raise the opportunity cost of holding the bullion. Gravity-defying GameStop, which has seen a stellar rise in its stock price of more than 2,640% in 2021, is not expected to report impressive results on Tuesday when it will announce both fourth quarter and fiscal 2020 earnings after the market closes. Goldman Sachs and other investment banks have pledged to ease up on junior bankers before.

Sharing Of Ideas, Tips, And Strategies For Increasing Your Bitcoin Trading Profits

”I would expect it works best for medium sized market-cap cryptos and using more sophisticated sentiment analysis techniques on the comments than frequency counts.” The last two years have seen global financial institutions from JP Morgan to Goldman Sachs buy into bitcoin, cryptocurrencies and blockchain technology. Once thought of as an alternative piece of financial technology, overheard bitcoin-related coffee shop chats are now more likely to involve startup CEOs and finance executives than grassroots libertarians and economic revolutionaries. ”It’s a sign that bitcoin has matured and is starting to hit the mainstream.” Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions fall along with the price. I write about how bitcoin, crypto and blockchain can change the world. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. US Treasury Secretary Janet Yellen last week vowed to protect investors but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. Tesla said it started purchasing bitcoin in January. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December.
”I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. Per the company, in the coming months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle https://forexarticles.net/beaxy-crypto-exchange/ TSLAinsider posted on Reddit last month,” the post read, asreported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement.

A message to TSLAinsider was not immediately returned. Tesla did not immediately respond to an email to its press office. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself. See here for a complete list of exchanges and delays. “I have no idea what will happen once this reaches the newspapers crypto trading but I think the price will explode even more,” the user wrote. This list does not constitute an endorsement by /r/BitcoinMarkets. Please do your own research before selecting an exchange. With Bitcoin, you can see exactly where the funds are at all times due to the nature of blockchain. Moons reward posters, commenters, and moderators for their contributions to the subreddit.
It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it. The power of social media users on forums such as Reddit’s WallStreetBets to band together and move prices has come into focus in recent weeks after a surge of retail buying helped fuel wild rides in shares of GameStop and other so-called meme stocks. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original.|
Reddit No Longer Cares About The Price Of Bitcoin And Thats Bad


As with any new market, Bitcoin is still susceptible to volatile price movements. Until Bitcoin, and cryptocurrencies in general, become more mainstream, more people will need to learn how to open a wallet and send the funds. While it is not a complex process, it still requires a level of understanding. I have always intended bitcoins as something to buy and hold in terms of an investment.
Bitcoin’s governance over its consensus is non-existent, just one big clusterfuck. I accept that it’s useful as a baseline coin to trade against but that does not mean it’s safe from being outcompeted by coins that have better defined protocols. Just because it’s big doesn’t mean it’s the coin with the lowest risk either. All the infrastructure that is being laid out for Bitcoin right now can instantly switch to another cryptocurrency if people feel so inclined. AOL, MSN and Myspace may thought they owned the internet infrastructure but turns out the were merely swatting on it until the next big thing threw them out. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open cryptocurrency discussion. This happened long before the creation of Bitcoin Cash. Today, r/btc users can discuss any cryptocurrency topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are both still heavily censored. I hate how I have to think so much and time the mempool in order to efficiently send money. I just send it, and it’s always confirmed in the next block.
bitcoin reddit
I have a coinbase account that I am reasonably happy with, but for various reasons related to BTC itself and specific to coinbase, I found it difficult to “trade a position”. I also wanted a bit of leverage, nothing crazy but I wanted to risk all of the capital for a auto trading 5x return rather than try and make 20%. The social media platformdoubled its valuation to $6 billion as it raised $250 million in Series E funding from existing and new investors. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure.

Did A Reddit User Have The Scoop On Teslas Bitcoin Move?

Buying crypto on exchanges that don’t let you have your own keys or transfer your crypto to your own wallet???? Tesla CEO Elon Musk has promoted Bitcoin and other digital currencies on Twitter recently, including dogecoin. The dog-themed cryptocurrency is up more than 1,500% year to date. The key to the currency we use every day is privacy, as well as substitutability and ease of use. Privacy is the best of all cryptocurrency digital currency options in the Pirates chain . Pirate Chain is the closest digital iteration of cash and the best form of digital currency ever available . Privacy is a very important feature of everyday money. Credit cards provide a slight pseudonym from the public given by the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin, which offers optional privacy as a patch.

  • Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter.
  • social media analysis could be used to predict the price of smaller cryptocurrencies.
  • The base layer must be extremely robust, decentralised, and censorship-resistant.
  • “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month.
  • Gold prices slipped on Tuesday as the U.S. dollar strengthened along with Treasury yields, while markets awaited comments on economic health from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen later in the day.
  • This thread is a sterling example of the tech illiteracy that plagues your average retail crypto speculator.

However, we already know that optional privacy is not privacy. For example, ZCash is often mistakenly advertised as a privacy coin. Less than 1% of ZCash transactions are private. As a result, crypto tracking companies such as Chainanalysis can document over 99% of ZCash transactions based on the resulting metadata . Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, previously appeared to remove the post.

Bitcoin Slot Machines? A Patent Could Make Them A Reality

”Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. ”Send me a PM before you make your next move please.” China’s Geely Automobile Holdings Ltd said on Tuesday it and its parent Zhejiang Geely Holding Group will form a joint venture for electric vehicles and launch a new brand called Zeekr, after beaxy crypto exchange its profit fell 32% last year. In a stock exchange filing, Geely Automobile said the venture will work on research and development, purchase and sale of smart electric vehicles under Zeekr brand. Geely Automobile and parent Zhejiang Geely Holding Group will jointly invest 2 billion yuan in the new venture.

Create a free account to unlock your custom reading experience. Pirates chains are an excellent exchange medium, and for both programmed rarity and privacy, there are also tremendous value propositions as “assets” that should be included in everyone’s portfolio. Wall Street doesn’t like the privacy aspect because bitcoin reddit it generates revenue based on the flow of assets. What’s important for Wall Street is that $ 100 billion worth of BTC is worth $ 100 billion, rather than $ 100,000 worth of $ 1 million worth of trade. Financial institutions earn their retention by making money as an intermediary, not by being out of control.

Bloomberg

The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments. Not long after the surprise announcement, attention https://forexhistory.info/brokers/beaxy-exchange-overview turned to a Jan. 2 post from a Reddit user named “TSLAinsider” who had claimed to have a hot tip about Tesla’s move into the cryptocurrency market. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed.
From an investment perspective, people have been rewarded for saving US dollars as savings over the last few decades. The monetary policy behind the US dollar turned out to be a fatal flaw. A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. “It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013. It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair.

The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales. Yields rose after the Fed last Wednesday said that the U.S. economy is heading for its strongest growth in nearly 40 years, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation. At the same time, Fed officials have refrained from expressing any concern about the recent pickup in yields, saying the move reflects optimism about the economy. “The market is still coming to terms with the fact that this Fed is going to be focused on maximizing employment and is going to let inflation run,” said Patrick Leary, chief market strategist and senior trader at Incapital.
It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from bitcoin reddit the 24-year-old political science student stating he was “high on acid” when he wrote it. The power of social media users on forums such as Reddit’s WallStreetBets to band together and move prices has come into focus in recent weeks after a surge of retail buying helped fuel wild rides in shares of GameStop and other so-called meme stocks. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original.
A message to TSLAinsider was not immediately returned. Tesla did not immediately respond to an email to its press office. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself. See here for a complete list of exchanges and delays. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. This list does not constitute an endorsement by /r/BitcoinMarkets. Please do your own research before selecting an exchange. With Bitcoin, you can see exactly where the funds are at all times due to the nature of blockchain. Moons reward posters, commenters, and moderators for their contributions to the subreddit.

Meaning Of Trading In Bitcoins

”I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. Per the company, in the coming months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle hummingbot auto trading TSLAinsider posted on Reddit last month,” the post read, asreported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement.
bitcoin reddit
I’m not trying to promote or bash any particular coin or any particular sub or community. (Yes I’m aware I just bashed doge lol) But I can confidently say bitcoin cash and r/btc are the closest thing to what I remember the original magic internet money and it’s respective subreddit being. I fell in love with the idea of bitcoin when I first discovered it. I still only had an infantile grasp of crypto concepts but was always willing to learn more. Recently I’ve been trying to get caught up on what’s going on in the crypto world (which is daunting! There’s a lot going on!). In May 2019, Wright started using UK libel law to sue people who denied he was the inventor of bitcoin, and who called him a fraud.
The social media platform doubled its valuation to $6 billion as it raised $250 million in Series E funding from existing and new investors. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, crypto trading according to Reuters. The user posted a link to the Post’s story and appeared to corroborate it. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik.
This trend would eventually lead a single Bitcoin to be worth $1 million by 2021. From then, there will be apparently no good way to express Bitcoin‘s value in dollars, as the dollar is no longer used. In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left. The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago. – A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300. I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped. Volkswagen and BMW’s plans to grab market share in the fast-growing electric car market and challenge Tesla could shift the dial for their cheaply priced shares. A deadline set by many countries to go carbon-free by 2050 has led to rising adoption of zero-emission vehicles and Tesla has been at the forefront of this transformation, selling long-range battery electric vehicles .

The bitcoin Time

Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this ”weird” niche—the suits are firmly in control and the Big Money has arrived. But bitcoin isn’t ”weird” any more and its ”magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest. At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview.
Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. As the post was focused on bitcoin, the tipper may benefit from a grey area in oversight and enforcement, as the US Securities and Exchange Commission does not treat the cryptocurrency as a security, one expert said. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here. It was left up in r/bitcoin, where the cryptocurrency is discussed. Now I’m reading about off-chain transactions and off-chain verification. Literally billions of “altcoins” or “shitcoins” or whatever you wanna call them.
bitcoin reddit
”I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. ”I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. The moderator then went on to explain that there could be a number of reasons for the current status of OP’s account.
The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial news outlets including Reuters and Bloomberg picked it up this week. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars. But bitcoin discussion on Reddit is bigger than r/bitcoin. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post.
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