View Single Post
Old 03-01-2021, 02:31 PM   #2776
dino7c
Franchise Player
 
dino7c's Avatar
 
Join Date: Jul 2011
Exp:
Default

Quote:
Originally Posted by Winsor_Pilates View Post
Turning your investment into a depreciating asset is definitely cashing out.

The rise of bitcoin is largely due to people who have it cheering on it's rise.
If enough people were to sell out, they'd no longer care about it going up and therefore it wouldn't.

Now I have no idea if enough people will buy Tesla's with Bitcoin for that to be a concern, but it's certainly not transferring.
No they would be transferring their BTC from their BTC account into Tesla's BTC account. It wouldn't be cashed unless Tesla cashed it out.
__________________
GFG
dino7c is offline   Reply With Quote