Reddit User Claiming To Be Tesla Insider Now Says Bitcoin Posts Were Not True

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Similar call for regulations were issued from Christine Lagarde of the European Central Bank and Janet Yellen, Secretary of the U.S. Regulations will likely outlaw any private usage of BTC. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of “white-listed” vs. “colored” bitcoins. Well, you will only be able to use it outside of countries crypto trading that ban unregistered addresses. Alex Gladstein, a champion of human rights and Bitcoin maximalist, laid out his thesis on the NLW podcast . Unfortunately, it is inevitable that Bitcoin becomes a speculative tool of Wall Street, in a two class system of registered and unregistered Bitcoin addresses. Bitcoin will also always retain its transparency that is required for its immutability.

Now I look at all these videos and feel intense scorn for them. Especially bitboy crypto, who is making wild fucking claims like “btc drop to 17k”, “cheapest altcoins to make you rich”, “insane breakout to $300k”. Thank god everyone in this sub says no one knows anything, I immediately got the message and massive FUD came in. News articles that do not contain the word “Bitcoin” are usually off-topic. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

In December, crypto lending platform BlockFi announced plans to team up with Visa to offer a credit card that rewards users with BTC. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December. About a week ago I signed up for Bitflyer as it seemed to be recommended to people living in Japan and submitted my personal info and JP bank account info. It’s no secret that Robinhood can get away without charging fees because they sell your data to hedge funds and massive money movers.

reddit btc

Everyone who buys BTC on Robinhood is giving them data that enables them to further manipulate the market – in addition to funding the negative media that just started coming out of nowhere recently. Think of the timing of all this bad press, it basically started the day that everyday people started receiving their stimulus checks. I have seen few comments in bitcoin auto trading Bitcoin Core GitHub repository, Lot of reddit posts but lot of things missing. Moons reward posters, commenters, and moderators for their contributions to the subreddit. They are distributed monthly and used to weight your vote on polls. I know this sub has been talking about this a ton, a few top page posts saying what an unreliable source these guys are.

The bitcoin Time

Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space. Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC . 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.

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. 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 reddit btc 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. “I suspect there are entities out there right now mining social data for insights,” Gilbert said. “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.” “It’s a sign that bitcoin has matured and is starting to hit the mainstream.”

Reddit Doubles Valuation To $6b Amid Wallstreetbets, Gamestop Frenzy

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. “Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. The funds will be allocated towards developing Lolli’s mobile application, scaling to support a growing user base, and international expansion. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. After waiting for things to be confirmed today I tried opening the app to find that I had been logged out. Our new 0.3 release brings big quality of life improvements, including fully featured keyboard navigation, improved hotkeys, a depth chart module, a clock module, longer-lasting user sessions, new config options and more. Last October we released our new native application Cryptowatch Desktop, a response to the bloated, CPU-intensive web applications crypto traders are stuck with today.

reddit btc

Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. Create your free account to unlock your custom reading experience. We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked outrage from privacy concerned groups .

Why Is No One Talking About The Actual News From Tesla: They Run Their Own Nodes

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 $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. “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$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit user claiming automated trading to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, 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$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month.

For instance, ZCash is often erroneously touted as a privacy coin. As a result, crypto tracking companies such as Chainanalysis are able to document over 99% of ZCash transactions based on the resulting metadata . 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. The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. 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. Tesla did not immediately respond to an email to its press office.

Wall Street does not like the privacy aspect because it generates revenue based on asset flow. It matters more to Wall Street that $100 billion worth of transactions are conducted in BTC valued at $10k, than $1 million worth of transactions valued at $100k. Institutions earn their keep not by hodling, but by making money as the middleman. Dec 5th Update, whaleclub is a scam and they stole $20,000.

Thoughts On My First Ever Trade Btc Long

It also didn’t 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. 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. 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. GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January. GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales. Grapevine, Texas-based GameStop’s shares have skyrocketed this year as retail traders bet against Wall Street hedge funds that had shorted the stock. Contrary to what people might say, there’s nothing wrong with putting stimulus money into the stock market — if it’s the right financial decision for you.

And since I am interacting with people in various crypto chats, and see how most of them think Bitcoin Cash is a cheap copy, many are ignorant and don’t know the details of blocksize debate, many hate Bitcoin Cash. In my recent post about me finally understanding why some people were telling Bitcoin Cash is the real Bitcoin I was accused that I was supporting Bitcoin Cash for many years, and I am posting this to get more upvotes. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. 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. 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. In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse. Rsk is the most secure smart contract network in the world and enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions.

The Origin Of The bitcoin Citadel Meme

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. The investment bank responds to complaints of a long-hours culture, while rival Citi starts Zoom-free Fridays. Private sector PMIs, Eurozone consumer confidence, and COVID-19 news in focus in the day ahead. Intel CEO Pat Gelsinger offers an update tone on the company’s relationship with Apple. Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. President Joe Biden’s $1.9 American Rescue Plan will certainly give the economy a jolt, but he may regret not spending the money differently. In 2020, COVID spending raised the federal deficit to $3.1 trillion in 2020 from $1 trillion in 2019. 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. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview.

  • Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC .
  • 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.
  • GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January.
  • I write about how bitcoin, crypto and blockchain can change the world.
  • 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”.
  • Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space.

I’m just getting started in crypto and have seen many posts encouraging me to DYOR. This makes sense as it’s the approach you’d take with any investment but there seem to be few trustworthy bitcoin/crypto news sources. Most of what I’ve found is widely speculative or just plain cheerleading. I know folks in this space tend to be skeptical of mainstream sources but it’s hard to make informed decisions without quality, fact-checked information – the type most investors base their decisions off of. 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. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial reddit btc news outlets including Reuters and Bloomberg picked it up this week. Not long after the surprise announcement, attention 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. 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. 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.

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. The user posted a link to https://forexanalytics.info/beaxy-exchange-overview/ the Post’s story and appeared to corroborate it. It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post.

“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 beaxy crypto exchange investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. 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.

It was left up in r/bitcoin, where the cryptocurrency is discussed. 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. “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 United States Dollar accounts for 80% of the world’s transactions whereas it only contributes to 25% of global gross domestic product. From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades. We now know that the monetary policy behind USD is fatally flawed.

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