"Elon is bad for crypto"
A welcome return to form on Instagram for Kelly Slater this weekend when he put Elon Musk, creator of Space X, Tesla, PayPal etc, to the sword for suggesting, vaguely, that Tesla might sell its store of Bitcoin, a decision that would probs send the price of the crypto-buck spiralling downward.
See, in Feb, Tesla announced it had bought a bill-and-a-half of Bitcoin and said it would accept Bitcoin as payment for its electric cars. Price went up etc.
Then, in May, Musk said they weren’t gonna take Bitcoin for cars ’cause the currency’s “insane” energy use was “hurting the planet.”
Price went down.
From Kelly’s IG story,
“Elon Musk and Tesla Motors proudly bought $1.5B worth of Bitcoin for around $34K in Feb. Elon comes out this week and says BTC mining is bad for the environment and they dump their bitcoin for an estimated $804M in profits (but he’s still pushing dogecoin, a useless shit coin).
“So a guy who owns an energy company doesn’t understand this stuff before he buys it? Has no problem taking the profits. Does he have an issue with kids mining cobalt in the Democratic Republic of Congo to build batteries? He could probably address and potentially help solve the real energy issues (68 per cent of the energy produced in the US, for instance, is wasted … seems like a bigger issue to me which would solve any BTC problem).
“I think Elon’s board and backers hate crypto and what it’s doing for the average investor and pressured him to put out a statement which they knew would inevitably tank bitcoin. I hope the SEC is taking a good look at this (and all of them who might be buying the dip today and this week in their private accounts). Interesting times. But Elon is bad for crypto.”
No reply from Musk, as we went to press.
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Reading all these dumbfuck normie comments….. glorious. Every one of you are greedy fucks and the big reason why guys like that make even more money off of your own arrogance and greed. Oh well subreddit your ass off and stay in your rut. “Oh but it’s about diversity and change”……ha ha ha, doubtful you ever wake up….the social network matrix has you by the short and curlies.
Just wait till the batteries wear out….you want to make some serious money, figure out how to recycle the materials.
🐐. ….. . . ………. …. . . … .
I’m not interested in what Musk builds and sells. Electric cars are farcical, a fad which will eventually fail. However, when it comes to things financial, I’ll listen to the richest man on the planet before I listen to a surfer. Somehow, it just seems a logical choice.
Electric cars are not a fad lol. Sure Tesla is overvalued but calling electric cars a fad is incredibly dense.
Oh and also the fact Tesla makes billions by selling regulatory credits to other companies so they can pollute. The hypocrisy is strong.
Or taxes to be levied and control to be exerted…
Yes Thanks. Your Mum says hi.
Kel leaving himself open for a savage burn from Elon:
Who are you anyway? Did I once fuck your girlfriend or something?
Hi Kelly!
does this affect chaturbate tokens, asking for a friend…
Gritcoin..where do we buy?
Kelly brags about having astronaut friends that snipe surf spots for him from space and then shits on the guy sending them up.
Sounds about right
Fact: Elon is a market manipulator of the highest order who only cares about his own pocket, just like Kelly.
Possible truth: Elon is trying to put Kelly out of business cos he hasn’t been invited to a wave pool party and/or surf lessons like heaps of other rich guys.
Rumour: Elon is a member of the KKK, aka the Krush Kelly Krew.
Probable truth: Kelly (and his wOsl bosses) lost some money (or didn’t make as much as they’d hoped) because of Elons’ market manipulation.
Fiction: Elon and Kelly are both out to save the world through green energy usage.
I’m shocked that Kelly is talking about one of “green energy’s” dirty little secrets.
I thought Kelly would’ve been talking about Project Ibelli today (which is a lot more important than that other crap).
I’ve got a feeling that Chas is taking us all for a ride.
If you search on Google it says nothing about BG supporters involvement in it.
All official info traces back to ‘Surf Splendor Podcast Network’ to sell their Splendor brand Valpocalypse t-shirts, as well as Chas and Dave personally, and it’s only ‘reported on’ by BG.
No wonder he chose that fucked sticker design so he can ignore BG and all on the genuine BG commentary team. He’s just a user and taking the piss, while lining his pockets with t-shirt money.
If there’s anyone we should be questioning, its Chas.
Doge…
Bong for breakfast today? You sound a little paranoid.
Hahaha
Not at all
Got the flu (hopefully it’s CoViD) so am off the William (and excessive lagers). Nothing but orange juice (with a touch of tequila) today haha.
It’s true though, Chas has been rather deceitful about this issue by the looks, hence the sneakiness with the splendor shirts and shitty (non BG) sticker. His backers are obviously non-BGers and just as bad as Elon and Kelly.
When he talks of ‘the people’ it must be his wifes cocktail crowd and capitalist hippy widebrim wearing book promoters that he’s referring to and not the honest BG comment crew.
This needs to be investigated further…
History teaches us all successful People ™’s movements obfuscate underlying power structures.
Turned it into Gritcoin
Surfer on a soap box, which is balancing on another soap box, supported by yet another….it’s soap boxes all the way down for Kelly.
The SEC has repeatedly stated that bitcoin and/or cryptocurrency is not a “security”, and therefore not subject to regulation by the SEC. Wake the fuck up Kelly. The only reason Kelly is butthurt is because he has to have invested in Bitcoin based upon Elon’s statement about Tesla accepting Bitcoin as a form of payment. Now that Kelly’s investment is on a downward trend, and he’s once again saddled with an investment that provides little more value than how much MDMA he can buy on the Dark Web with Bitcoin, he complains. What I really find amazing is that Kelly would admit to being average at anything, let alone investing.
Over the past 10 years no asset class has out performed bitcoin. Who’s the one who’s average?
It’s not an asset class. It’s what the regulatory bodies would call a form of payment and store in value.
So don’t be naive and fall into the quagmire in assigning cryptocurrency the label of asset class. It’s not subject to the same laws and regulations as compares to traditional asset classes equities, fixed income, money market instruments, real estate, commodities & futures.
All are subject to the same laws and regulations, and therefore comparing the performance of cryptocurrency doesn’t work.
Enron outperformed too, until it didn’t.
Edit: haven’t seen you around these parts before Onedimensionalman. How’s the foot Kelly?
Lol I’ve had people like you telling me it was a bad investment at $1,000, $3,000, $10,000… now we’re at $45,000 and it’s the same old shit from the same old people. My naiveté has now also payed for my son’s college!
Re: the semantic bit that you decided to comment on. In retail investing, all that matters to the layman is that they can buy it and sell it on Robinhood, Charles Schwab, etc. Whether a nerd comes along and gives his opinion doesn’t change shit and that it’s outperformed ANYTHING and EVERYTHING I could have purchased for my retirement savings.
May I ask if you’ve done your due diligence and tried to do your own research?
Invests in de-regulated “currency” and wants regulators to intervene, he really is a dumb motherfucker
when you think Kelly is worth way more than $50 m was more that a $100m when with Qiky…how much money do you need, or how much money do you want….GREED!
I’m not sure how I feel about myself after realizing I mostly agree with something Kelly said. Generally shame and self loathing so far
Could it really be? Could Kelly make such a wonderfully disastrous decision as to put his future financial security into Bitcoin? Oh I hope Elon sells! I Do!