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Thread: Bitcoin....who's gotten into it?
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07-21-2022, 06:16 AM #10401
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07-21-2022, 06:55 AM #10402
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07-21-2022, 06:55 AM #10403
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07-21-2022, 06:58 AM #10404
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07-21-2022, 07:26 AM #10405
Unfortunately for shareholders ^^^this^^
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07-21-2022, 08:04 AM #10406
I know very little about corporate accounting, but it sounds shady as fuck to realize a loss and call it earnings
Originally Posted by blurred
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07-21-2022, 08:29 AM #10407
Sell digital assets for $80 you bought for $100 still gets you $80 of cash flow.
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07-21-2022, 08:46 AM #10408I drink it up
- Join Date
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Bitcoin....who's gotten into it?
What now?
Cash flow does not equal earnings. TSLA sold because it felt a little pinched by liquidity. They also say that the bitcoin they sold was sold at a gain, but that the bitcoin they kept represents a $100M unrealized loss, making their BTC portfolio looks a bit ugly and their balance sheet also a little less pretty.
The way they said it makes it seem like they accounted for that loss through the income statement after the sale, but it isn’t clear to me whether that is always the case and I don’t know how GAAP wants you to treat BTC “investments.” (Does GAAP know how? Somebody who knows should weigh in here, I refuse to dive into GAAP for non-work related purposes.)
Are they just marking to market off of the total portfolio and then realizing gains off of individual BTC? I can’t quite puzzle how that even works…. (It doesn’t, it’s all the same)focus.
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07-21-2022, 08:46 AM #10409
100 cash outflow on purchase, 80 cash inflow on sale.
Shouldn’t have impacted accounting earnings though, assuming it was MTM, as the decreases would have hit the income statement in each quarter
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07-24-2022, 11:11 AM #10410
This is pretty hilarious:
https://web3isgoinggreat.com/single/...oke-gone-wrong
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07-26-2022, 02:32 PM #10411
Bitcoin....who's gotten into it?
I saw Novogratz talking about more regulation needed. If the SEC follows through they will put Coinbase and most “tokens” out of business. Be careful what you wish for and I wouldn’t be in any stablecoin or token right now.
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07-27-2022, 11:06 PM #10412
BTC is going nowhere. But like gold, could be diluted away w paper BTC by tradfi. Im buying
Eth surging. Picked it up at 900. Took a flyer on some hbar the other day.
Iso20022 is the new system away from swift apparently. New standard. Xrp heavily positioning to be that leader in cross border payments
We're all gonna die.
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07-27-2022, 11:08 PM #10413
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07-28-2022, 08:18 AM #10414I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
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07-28-2022, 08:29 AM #10415
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07-28-2022, 10:03 AM #10416
“If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset.
Because the token still exists and is in limited supply just as before. Nothing has changed.
What NFT is doing to the concept of asset, few understand.”
https://mobile.twitter.com/taschalab...748938?lang=en
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07-28-2022, 10:49 AM #10417
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07-28-2022, 12:38 PM #10418
So who buys my Praxis rx Token? It's worth more since I lost the skis!
It's a war of the mind and we're armed to the teeth.
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08-01-2022, 06:11 PM #10419
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08-01-2022, 07:33 PM #10420
Good luck nabbing those peeps in Russia, Georgia etc.
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08-02-2022, 07:44 PM #10421
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08-02-2022, 07:46 PM #10422
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08-02-2022, 10:15 PM #10423
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08-02-2022, 10:19 PM #10424
Saylor now focusing on BTC more than his company. Same w Dorsey. We shall see.
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08-03-2022, 03:11 AM #10425
H's still got laserish eyes on twitter. Very curious, wonder if he got pushed out due to bear or it was his idea like Dorsey.
In any case, he's a smart guy and already done good work organizing the bitcoin mining council. I have some mixed feelings about someone with that much bitcoin having so much influence, but what can you do? He is a net positive for bitcoin adoption and will promote favorable regulation for it. But he goes on vehemently about other cryptos being securities. Popcorn time.Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
Henry David Thoreau
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