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Topic: Musk and Tesla's BTC conspiracy - page 2. (Read 640 times)

hero member
Activity: 1484
Merit: 928
May 16, 2021, 01:50:01 PM
#46
From the little experience am having and from my research I believe tesla ban on bitcoin can not be parmanent I believe is just temporary because tesla is also holding huge amount of bitcoin the only thing I believe is that Elon musk is just trying to manipulate the market right from beginning since Elon musk posted about bitcoin I believe it was not a good idea but must people really think he is supporting bitcoin and bitcoin will pump hard but after pumping bitcoin he decided to dump it again which I believe is manipulation which is very bad. I believe billioner a are about take over bitcoin which is very bad because they will definitely be controlling the market which is bad.
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
May 16, 2021, 12:36:51 PM
#45
Tesla still owns over two billion dollars in Bitcoin so they are just playing a manipulative game to buy Bitcoin at a lower price.
Tesla and some bitcoin investments of elon to be exact.

Selling of the companies investments to take profit is really normal and it doesn't really affect bitcoin price. But the reason of tesla suspending bitcoin payment due to the kind of energy use for bitcoin mining is really suspicious and unreasonable.

While most bitcoin miner used is already 76% renewable energy. Gold and other mineral mining is one of the most destructive industries. And the paper printing money cost a lot for the environment due deforestation.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
May 16, 2021, 12:15:33 PM
#44
Tesla still owns over two billion dollars in Bitcoin so they are just playing a manipulative game to buy Bitcoin at a lower price. I don't believe a rich person suddenly knocks over his rice bowl. So don't worry, after this price drop Bitcoin will soon grow and reach $100,000 or $200,000 as predicted by traders.
hero member
Activity: 1414
Merit: 574
May 16, 2021, 09:40:23 AM
#43
IMHO, Lolli wrote the greatest answer to Elon's stupid announcement.
I know that most of us are deeply pissed off by the way he behaved: too much inconsistency from him and too many changes in a short amount of time. I kindly ask you to respect the man though, there is no point in attacking him personally. I know we are right in defending btc from his false accusations, I know that, but stop attacking the guy on a personal level. Every attack like that, even if you are right, will put on the wrong side.  Wink

To be honest I see another point of Elon's unstable behavior in his investment with Bitcoin.  Before the issue of Elon invested in doge or other cryptos.  Tesla was not glimpsed by the rich in the crypto world.  However, the crypto segment is those who have super big money so by acting in such a way, this is all just to boost Tesla's popularity in crypto owners.  An interesting marketing strategy, by investing in Elon, is able to bring out Tesla's branding well in the Crypto market.
newbie
Activity: 100
Merit: 0
May 16, 2021, 08:21:55 AM
#42
Its looks like Elon Musk to me same the person Pump And Dump , when he want to make money from BTC he posted BTC is good and when he want to buy BTC at low price and sell at high he posted BTC is not good , why you said earlier that you are BTC in your balance sheet as investment and buying doge coins for son , you are nothing but pump and dump
legendary
Activity: 1316
Merit: 1481
May 16, 2021, 08:09:49 AM
#41
IMHO, Lolli wrote the greatest answer to Elon's stupid announcement.
I know that most of us are deeply pissed off by the way he behaved: too much inconsistency from him and too many changes in a short amount of time. I kindly ask you to respect the man though, there is no point in attacking him personally. I know we are right in defending btc from his false accusations, I know that, but stop attacking the guy on a personal level. Every attack like that, even if you are right, will put on the wrong side.  Wink
hero member
Activity: 1288
Merit: 504
May 16, 2021, 07:56:52 AM
#40
Even my grandma can explain Bitcoin quite well and you consider the possibility that Elon Musk didn't do enough research (best scientists in the world work for hm) to understand Bitcoin but gamble a couple billion dollars on it anyway. Cheesy
Are you serious about the grandma thingy or its just an exaggeration of the fact because, I'm out here wondering what era us your grandma from to have such claimed knowledge of bitcoin. Well  let's not get too fancy.

About Elon Musk having the best scientists, of cause he does or can but still, could get financial bad advice. You know, it's more like a scale to balance kind of thing. He checks his company and what it stands for (being the promoter of renewable energy sources) and here he is representing a field that consumes a significant amount of fossil energy sources.

I guess he only came to the realisation of this complications after that tweet of Tesla accepting bitcoin as it came down with some negative responses from critics. For one, it was just an investment and now, its about the idea he came with.

Other way to look at it is, it being a conspiracy to buy the dump and also assist the growth of Dogecoin. No doubt his got a lot accumulated already.
jr. member
Activity: 93
Merit: 1
May 16, 2021, 06:23:03 AM
#39
I hardy believe that Tesla cares about the environment more than about its revenue. It's more like an attempt to manipulate the crypto market. 
sr. member
Activity: 1050
Merit: 286
May 15, 2021, 12:19:42 PM
#38
This news is already everywhere and I also think the same thing that Elon Musk is not really concerned on the welfare of the environment instead he is doing it for market manipulation just like what a typical whale would do. He also admitted it already that he is the father of dogecoin but imagine seeing him abandon dogecoin because he already got what he wanted, imagine how many people who believed in him and in dogecoin would suffer. Best of luck for those who invested on dogecoin nevertheless, I know many will still stick to bitcoin because it has a much more better reputation and history compared to dogecoin.
sr. member
Activity: 1064
Merit: 350
May 15, 2021, 07:31:37 AM
#37
I think also that the main goal was manipulating the market indeed. If Elon Musk really cares about renewable energies to be used, then why he didn't state it in the first place? Is there a logical reason for it? I don't think so.
sr. member
Activity: 1610
Merit: 264
May 14, 2021, 02:18:15 PM
#36
Too bad that there's almost nothing that we could do for this. People following him are blind and just would do what he is hyping up.
People blaming Musk, but it is people's reaction that causes these. Now people would start buying Doge just because Musk put up a poll in Twitter on if people would like Tesla to accept Doge, and majority said yes.
full member
Activity: 862
Merit: 100
May 14, 2021, 12:06:07 PM
#35
I think Musk is showing what he was and before he dives into Bitcoin as well as his company they didn't get much information about what Bitcoin does. Could be that they just enjoy shilling and not really putting effort on their own research.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.
That wouldn't be impossible from this guy, I wonder if people will ever trust again his views about cryptocurrencies.

It doesn't make sense if he doesn't know about Bitcoin and whereas he knows very well about coin Doge. If you play crypto, 1 coin that you know will not be enough for you to see or learn about it because many other types of virtual currencies are studied without any fees from that private. Elon Musk has taken definite action to make these Tweets even though don't be too sure about all the tweets he makes. This can be a trap for others.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

it might have been thought of by them to make their own coins like Teslacoin. but it cannot be confirmed by one or two people without a clear source of truth. Let's see if this is the case with the new virtual currency.

full member
Activity: 1330
Merit: 147
May 14, 2021, 11:50:11 AM
#34
Greatfully bitcoin price is not fall sharply, I guess the current price situation will not lead to the previous dump 2018 ago. There will be many instutional investor who still hold their bitcoin although they are in lose situation. They will believe that sooner or later bitcoin price will be surge again and even pass the previous all time high. Because I believe many people have known bitcoin and they will accept it as an investment place or as a currency.

Just forget Elon Musk and whatever that will do against dogecoin. Because many people will only believe to bitcoin, they will only see that bitcoin is a promissing place for their money. Take a look to the dogecoin chart, if there is a good news come especially from Elon Musk then its price will go up drastically but it won't take for a long time and you can see a huge dump will happen, it is really different when I see in bitcoin price movement.
hero member
Activity: 1890
Merit: 831
May 14, 2021, 11:48:52 AM
#33
I don't know what he is trying to do.
But at the same time the guy does have a company dedicated to cars that run on electricity, he have done a couple of things in the past to actually help out the earth. I do think that he was not able to cope up with the criticism that came with the acceptance of Bitcoins form the counter.
But now he did start something with doge coin and if he still does the same thing again after 1 month just how he Manipulated Bitcoins and how the company got out after taking huge profit dumping the whole network. I do think he should be reported and people should actually black list the guy.
sr. member
Activity: 854
Merit: 252
Betking.io - Best Bitcoin Casino
May 14, 2021, 11:34:19 AM
#32
I want to be angry by seeing this situation but there is nothing I can do. These billionaires left me with nothing to do, because with the power of their money, they are free to do whatever they like.
but I will not be sure that with this there will increase the purchase of Tesla. because for me bitcoin is like a treasure and when it is bought it will be very unfortunate and I don't know for other people but there will be some people who think the same as me.
it is not impossible that if this keeps happening I will be able to see people suffering even more from this manipulation
legendary
Activity: 2576
Merit: 1043
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May 14, 2021, 11:18:14 AM
#31
One move from him and we saw him as a big supporter of cryptocurrency. We saw this when he hyped DOGE and because of that, Bitcoin and other cryptos did made some movements.
Now one move from him and we see him as a market manipulator. Instant change of things right Cheesy.

Well, the environment reason that he shared is purely bullshit. TBH, I don't really like Elon since he started to hype DOGE but I like him with regards to his business and his future plans especially the colonization of Mars. Now we see him as a bullshit market manipulator.

Overall, we see bad news as opportunities right??  I just hope that you bought some Bitcoins near the $48,000-$50,000 so that you can gain some short term profits Smiley Congrats to us. What can I say about Elon now that he made this? Just bullshit.
full member
Activity: 490
Merit: 101
FRX: Ferocious Alpha
May 14, 2021, 11:16:56 AM
#30
The masks were dropped, and it became clear to everyone who thinks with their own heads why Tesla was buying bitcoin so publicly against the backdrop of all these noble and useful statements for the market. I think now no one will blindly believe the statements of this manipulator and will be more careful. Well, wisdom comes with experience, I hope we all became smarter and wiser after these events and the market will no longer rely on such statements.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
May 14, 2021, 11:04:41 AM
#29
I'm tired seeing Elon and Tesla being on the front page of any news that is cryptocurrency-related. At this point he's just playing Monopoly and using twitter to influence people to do the same thing as he does. Most of his actions have ulterior motives, and we all know it's profit, especially on what he's currently doing with doge. I respect that but to the point that he's trying to manipulate everything is just extremely scummy.

The recent move to disallow bitcoin purchases on Tesla due to concerns on the environment is just overused. Tesla, being an electric car manufacturer should have been at the forefront of reducing carbon footprints. Why is it that they only realize now that bitcoin is still a major contributor to that problem, even though bitcoin miners are already moving to renewables for sustainable hashing? It just doesn't add up.
legendary
Activity: 3080
Merit: 1500
May 14, 2021, 10:46:50 AM
#28
I am not sure whether it can be classified as a conspiracy really. Because Tesla's market value has also gone down by 20 billion over the past few days. So it doesn't seem to be a conspiracy to me.

Tesla is a publicly traded company. So Elon can't make decisions alone. After his announcement of accepting bitcoin, Tesla has faced a lot of criticism from the activists around the world. He was really forced to step back and withdraw bitcoin as a payment method. Obviously people are free to think but that's my version here!
sr. member
Activity: 700
Merit: 251
May 14, 2021, 10:40:42 AM
#27
Well, actually i kinda believe what tesla say, about worrying the bad impact to the environment. They might be true, since tesla really concern about the environment, like making those electrical cars. However, I'm not sure that might be the sole reason behind the decision of not supporting bitcoin payment anymore. There might be more into it, but well, the reason they choose is really good, making a good image for the company as well, although it surely receive some backlash. I'm not sure whether elon musk really want to manipulate the market, but he surely has the power to do so. I'll just wait and see how this goes, but still believing in bitcoin and won't just give it up just because some news from outside.
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