Take a break, friends. If x5 gains in 6 months isn't good enough: reevaluate your position.
People get desperate on the way down, no matter how high they climbed.
This idea that the next bear market won't be as bad as the last one because corporations are going to foot the bill is pretty ridiculous.
I don't tihnk they are going to foot the bill, but I do think that there ae more options than 2017 to stay in crypto and keep it ticking over through the pools. If Tesla aren't going to convert it to fiat, it means that they are either going to need gateways with their suppliers to spend it or, are prepared to sit on it - why sit when it can sit and earn?
Because the earnings will be shit when the underlying assets tank extremely hard.
By the way, I believe right now may by the first time when buying CUB makes any sense. The high inflation caused the crash in price. What it did was turn part of the value in one's initial investment into a stream of taxable income as an insult to injury, so I don't think anyone recouped what they lost if they held instead of dumping it.
CUB could still go down particularly if there is any considerable delay in the shipping of the Bridge or if users do not discover it in large enough numbers. (The latter we can help by advertising the shit out of it when it is released.)
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If anything I would just expect a higher peak with a higher bottom.
Nothing suggests this market is going to be much less volatile than before.
I suppose one can hope.
As far as Tesla is concerned: announcing you won't immediately transfer Bitcoin to fiat doesn't mean you aren't spending the Bitcoin. Operating costs are high. Seems like more of a marketing gimmick and shilling your own investments than anything else.
There will be volatility - but I also think that it is more likely that people will move to stables and then move back into BTC earlier than expected, bleeding less outside of the ecosystem.
To spend it, they will need to have some places to spend it - new gateways. I don't expect them to get a lot of BTC sales anyway :)
True... will be interesting though if 1 BTC is trading for a quarter mill.
I could also see them just selling huge chunks of BTC over the counter directly to other corporations so liquidity isn't an issue. I could also see them using the BTC as collateral for a loan somewhere else. There are a lot of possibilities I suppose.