Mdawgs Investments

Big move on Tesla today. Up about $17 today on news that they are now selling over 5000 new cars per day.

Quote: DRich

Big move on Tesla today. Up about $17 today on news that they are now selling over 5000 new cars per day.
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I'm pretty sure Tesla can only make about 1750 cars a day at max production, so something will have to give.

Quote: billryan

Quote: DRich

Big move on Tesla today. Up about $17 today on news that they are now selling over 5000 new cars per day.
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I'm pretty sure Tesla can only make about 1750 cars a day at max production, so something will have to give.
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That may be just at the California plant that they do 1750. This article states they built 479,700 cars this quarter.

https://www.cnbc.com/2023/07/02/tesla-tsla-q2-2023-vehicle-delivery-and-production-numbers.html

Quote: darkoz

Quote: MDawg

So my prediction of >100K already happened?

Bitcoin Price Spikes to $138K on Binance.US
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So did Bill Ryan lose the bet?
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If I was arbitrating it, I’m not sure how I’d rule. If the bet was ‘will there ever be an exchange that will ever have BTC LISTED at over $100k’, then Billy loses. Since I do not believe ANYONE was actually able to SELL a BTC for $128k, it was never WORTH over $100k.

It’s the same fallacy some have while selling their homes. They think if they list it for $1 million it is therefore worth $1 million. The value or worth is only truly determined upon an actual sale.

On any exchange of which I am aware, the prices reflect actual completed trades, not just asks.

For example I could put in a sell order at some ridiculously high ask for shares of AMZN or TSLA but unless someone buys at that price my ask price will not be reflected anywhere in terms of the price of the stock, will not show any change or movement.

Reading the article though it is unclear whether that 138K on Binance.US reflected any kind of completed trade.

When BTC hit 31K, a couple of my friends contacted me and proclaimed "The march to $80,000." I told them that more likely that BTC would dip back to 28K, then go up again from there. We haven't dipped all the way to 28K yet, but I expect that we will.

Bitcoin is now in the accumulating phase. This is the time to buy. It might reach say 34,000 but will also go down some and it will trade sideways all Fall and Winter so you will have time to add. The big move up in Bitcoin will come at the Bitcoin halving event which should be sometime in April 2024. This will begin the markup stage and when prices will start moving up. So if you buy in the fall or winter you will realize significant gains next spring and after the halving event.

That's what I believe will happen. Bitcoin between now and April 2024, 28,000 to 34,000 and then look for huge increases after April 2024

This volatility lately has been great, been raking about $5K every early morning in the market lately without really trying. Cha'Ching!

Stock market, not crypto. In BTC I remain a hodler.

Guys, there is a lot of opportunity here lately. Volatility is good for traders. Up and down, and right back to where it started, is the best and safest scenario actually. Hard to lose while that keeps up.