Topic: Btc price drop 12% after Elon musk tweeted Tesla won't accept bitcoin (Read 340 times)

He knows that most of the people in this world don't have their own thinking capability so he is doing better things from his perspective but is that really too dump people are there even in the bitcoin community who came here for the decentralization or those weak hands who have no idea about bitcoin, just invested because Elon Musk invested now they are selling because he told its against the world?

Isn't it obvious that the guy is trying to make money off Bitcoin if he hasn't already? I don't understand why he would even make a fool out of himself cos that's what I see. He made the adopting Bitcoin news months back and said he invested billions, now announcing again with an even more ridiculous excuse of Bitcoin energy consumption like a company like Tesla never did their due diligence of Researching on Bitcoin before Investing which to me is a new LOW for a company like Tesla and Elon Musk.

We know in crypto one of the keyword is DYOR. IMO, he must have Invested, Took profits, and decides because he can Crash the price again.  

Elon thinks that Bitcoin will die out if he doesn't endorse it. He is going to be terribly disappointed. At the most, this bearing phase is going to last for 1-2 weeks. After that we'll be above $50,000 per coin and the next bull run should take it above $100,000 level. Elon fanboys are running to accumulate as much DOGE as they can. I want to see their reaction when Dogecoin loses 80% of its value, once the hype subsides.

I don't mind it since drops can be happening any time even without Elon's tweet. 12% declines seems to find normal in a volatile market and in fact, after that short dump, it pumps back again.

We don't be afraid of Tesla company won't accept Bitcoin because there are a lot of companies around who accept Bitcoin's payment. If they we're going to leave out from crypto, I think that is much better than to keep manipulating the market and as well as the minds of innocent individual. 

From the very beginning , I did not buy any of His words in regards cryptocurrecy now i know that I'm earning everything.

He is clowning the people inside the market and i Hate that Damn attitude that people still believes on that.
Not that Big correction because bitcoin is just drops a little an starting to recover now again .meaning tesla is not that really a big Input in market.
Well doge climbing 19% overnight? looks like His plan is working.

but as a businessman, there may be certain expressed intentions to be able to take advantage of what is said. Now it remains how everyone can not get carried away with what he says so that what is done for a certain goal is not achieved. all businessmen will do whatever is necessary to be able to benefit from what can be done and maybe according to him it is a natural thing.

He strongly believes that what he has said so far knows the impact, therefore he uses it so that what he wants can be achieved properly. and it cannot be blamed, it remains all to do not be too affected by what is said, because what is said has a certain motive.

This is what everyone is hoping but for the past several years he has the ability to influence markets and i am sure he is enjoying that notoriety and he keeps on doing that.

His words moved the price of Bitcoin to new levels and now his green house love turned the tide in the opposite direction. I doubt whether he is booking his profit as well before making this announcement of removing Bitcoin as a payment for Tesla.

I do not think it is possible that elon musk does not know this. We're talking about a person like Elon Musk, and he's considered a tech genius. and such a person may not have just noticed bitcoin's electricity consumption. this raises question marks in my mind. It is surprising and sad that he hasn't noticed it for so long and has made such a decision now. This decision has already created very negative effects on the market. This is another sad issue. elon musk started to hurt the market.

He can be really an interesting person sometimes. Because his reasoning for Tesla's putting an end to Bitcoin payments is really ridiculous. I think there is no way that he didn't know the high electricity consumption thing for BTC mining.

Perhaps the statement of Elon Musk did not have much influence on the fall in the price of Bitcoin, but, nevertheless, the American indices also sagged, and his words have no influence on them. Bitcoin is not Doge, for a long time not a single person in the world, even the greatest, can influence it. I, nevertheless, tend to argue that the fall in the rate of Bitcoin was influenced by the fall in the rate of American indices, somehow it sounds more plausible.

ever since Doge made a move because of the power of tweets, I've never been interested in following him. I only monitor and enter the market with more useful coins or tokens with caution, because they are very messy. Now, after his tweet about btc had a pretty strong impact even though I'm not sure everything that happened was simply because of that, there are other things that have a strong influence like the whales' play
Well, here are the facts, we must always be prepared for extreme price changes, even if it's just a rumor.

I have been watching what Elon Musk has done in the last few days in a truly amazed and frustrated way. He thinks he is the owner of this market and acts as he wishes. this is very false. Millions of people opposed him, and now there are millions of people who do not like Elon Musk and do not even want to hear the name tesla. He is making very wrong moves and should be withdrawn from the market as soon as possible.

Well, the tweet of Elon Musk was somehow like a test to them how would the people react. I think it has been set up to analyze the brainpower of the bitcoin community and how much would a simple statement influence them and in what ways? On this part, I was very disappointed when I saw that bitcoin’s price went down because of the tweet he did. Like he never said he will stop joining cryptocurrency. He said that he will find an alternative to bitcoin with lesser polluting energy consumption.

^ Rumored either ADA or XRP.
However, I don’t really think why did Elon Musk tweeted it but one of the angles I see is that based on his tweet it seems like Elon Musk is looking for an alternative coin that they will then considered rather than BTC. Most likely are the coins that use less energy or uses renewable energy. It is really funny how he did say that BTC is bad for nature well in fact, he uses fiat which is being produced and created using polluting energies, and yes of course trees being cut off from the forest! Elon Musk must be reasonable on that part or probably this guy has a different agenda.

Communities will not be able to cheat twice this way. And because of these events, most of him will simply be disappointed in Elon Musk and finally stop looking at him as an idol who understands everything. First of all, he worries about himself and his companies, so he just doesn’t care about bitcoin and everyone who is connected with it, it is clear to everyone who thinks with his head. As for the fall, this phenomenon is unlikely to drag on, since besides Tesla, a lot of companies are interested in bitcoin and they will not go anywhere. I doubt that all after Elon Musk I will get rid of them at a loss.

Character wise, Elon Musk is failing it on this tweet. We all know the Elon Musk is the most influential and richest man in the world. But it doesn’t mean that he has to let people go through his way. Look at the people now, a lot fo them couldn’t even sleep though it is a part of the field.

In my opinion Elon Musk is associating with people who own the game of the Bitcoin and had negotiation with them so they all benefit with it. I know the capacity of Elon Musk’s decisions and I know that this guy isn’t acting crazy. He has an agenda that we have know so we can also get along or at least avoid being affected negatively.

There are gossips that says Elon Musk is planing to rebuild a coin inspired in Bitcoin but has lesser energy cost and all sources are renewable. Besides from that, there are also saying that if that happens the nodes (bitcoin inspired) could be release in the space so it would live longer than anything. But yes of course, we have to see it first to believe.

It's quite obvious that the people who joined prior to the 2021 bull run got to know that Elon was manipulating the prices of most of the coins since the beginning. As soon as he started shilling a shitcoin (doge), we know that this guy can do more harm to the space than doing good. Many of the projects (including bitcoin) are spending years of time for R&D and bringing in a new protocol change whereas the development of a shitcoin like doge hasn't been active for over 1-2 years in github. I predicted the harmfulness by these institutional investors 2 months back in one of my post but sadly many people in the comments believed those institutions would bring them profits. I wouldn't be surprised if Saylor moves against the market and dumps his coins at some point of time in future, though it's quite certain there could be a possibility for the same.

People who wear the suites are playing with the livelihood of millions of people and probably it does cause adverse effects in the future i.e today many newbies got rekt in the bloodbath and indeed had a bad thought towards bitcoin on the whole. Satoshi initially wanted the coin to be independent and work against the governmental and powerful centralized bodies but its certainly true that the people are again handing over the power to centralized institutions for ruining such a groundbreaking technology.

Hopefully the 2021 investors would turn against these seasonal market manipulators to create a healthy market for bitcoin towards the long term. On top of that, the current bitcoin dominance stands at around 40% which vibrates the 2018 altcoin market and this does indeed prove how bitcoin is weakening against shitcoins solely because of Elon's manipulation.

Now this got me curious what crypto would Elon play next?
He has played a lot with Doge now with BTC I wonder if people would still continue to follow and play along with his plans.
And also curious how much would the price would increase ones they announced that they are asking BTC again.

I wonder what's the feeling of having the power to cause panic on the market lol. He can literally choose where to buy at his preferred market price if he wants.

However, we shouldn't take this as a thing that will last forever. The continuous action of him like that can only be lasted for long on some altcoins that he will shill but not on the steady and large community in bitcoin.

A 12% drop in bitcoin's price is nothing compared to how much bitcoin grows in the past several months. Come on Elon, just do what you want and the community is all ready to ride your future actions.

His market manipulation will not last long because most of us have been frustrated and are aware of his market intentions. If he just uses crypto to increase his wealth, many people will lose interest in following him. Most small investors followed him for the sake of profit; however, now that they believe Elon Musk has misled them by market manipulations, some will unfollow him.

The market always crashes when BTC crashed, that's what I've noticed about the crypto market. BTC is really the OG.