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When using a credit card to buy bitcoin, what's the worst that can happen when you profit every time?
Schedule for Week of February 23, 2025
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The key reports this week are January New Home sales, the second estimate
of Q4 GDP, Personal Income and Outlays for January, and Case-Shiller house
prices...
52 minutes ago
4 comments:
Ask Elon Musk.
The 10 step perpetual motion plan to accumulate an infinite fleet of Tesla cars for free:
1. Use credit card to buy bitcoin.
2. Tesla buys bitcoin and drives price higher.
3. Sell bitcoin.
4. Repay credit card.
5. Buy Tesla stock with the leftover profits.
6. Post how well your plan is working on social media.
7. Watch Tesla stock soar as others do what you did.
8. Sell Tesla stock at a higher price.
9. Buy new Tesla car with cash.
10. Repeat.
Everybody wins! And wins! And wins! Once again, what could possibly go wrong? ;)
Step 9 should be Buy new Tesla car with bitcoin!
Already sold the bitcoin in step 3. However, since there is apparently never a bad time to buy bitcoin...
9a. Use cash to buy bitcoin back.
9b. Wait a few minutes so bitcoin can further appreciate.
9c. Buy a Tesla car with bitcoin!
Your way is definitely better! You’ll be able to buy a more expensive Tesla each time. ;)
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