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Topic: Musk and Tesla's BTC conspiracy (Read 640 times)

member
Activity: 714
Merit: 16
May 18, 2021, 07:32:24 AM
#66
Elon musk should wasn't just aware of the emitting issues he raised so I will just call that an excuse, with all without him holding, bitcoin will continue to exist and I know all this will soon pass away and everybody will forget how it all started.
sr. member
Activity: 1988
Merit: 453
May 18, 2021, 07:01:37 AM
#65
Being honestly i really believe tesla will accept dogecoin as payment really soon, i am expecting this to show up anytime from now on

Possible. Else Elon wouldn't have put up the poll in Twitter. But unlike what happened when they started accepting Bitcoin, the decision to accept Doge (if it is ever taken) is going to be detrimental for Tesla. Dogecoin is a cryptocurrency with hardly any accountability. It can go up or down by 50% in a single day. And due to low liquidity, Tesla will struggle to convert Doge to fiat currency once they receive the payment. And as far as I know, none of the altcoins (including Doge) offers the same level of security offered by Bitcoin.
newbie
Activity: 1
Merit: 0
May 18, 2021, 06:28:59 AM
#64
Being honestly i really believe tesla will accept dogecoin as payment really soon, i am expecting this to show up anytime from now on
full member
Activity: 1498
Merit: 129
May 18, 2021, 06:23:15 AM
#63
People are getting tired of Elon Musk. He is a sneaky manipulator and enough is enough.

BTC will be fine but Musk and his Tesla's will see less sales, that's guaranteed, I wouldn't buy from such a narc even if he sold me his cars at half price!
Reduction in sales, that will not happen. Tesla would have seen more purchase if bitcoin is accepted. He is just being too enthusiastic about bitcoin forgetting some cons of mining bitcoin. Elon is known to always promoting something that is environmental friendly and as soon as he knows bitcoin mining using fossil fuel is growing, he makes such remarks
legendary
Activity: 1610
Merit: 1003
May 18, 2021, 06:13:00 AM
#62
yeah, this conspiracy point to doge. its just a theory, but it can be true.
he can manipulate it price, the greater one and the other. many people lose their mind to sell their coin, like controlling people just with one finger.

Get ready for the "here's why I'm wrong" bull run.

Nice flash sale on Bitcoin, I appreciate it Elon.

hope, as fast as possible.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
May 18, 2021, 05:04:06 AM
#61
Musk hasn't sold his bitcoins. HODL https://ibb.co/0MYK1CR
That's not how the stupid Twitter haters interpreted the tweet and now they are panic selling, let them sell at a loss and make them broke, I don't care about them, they did it to themselves, that's what you get if you follow a personality online like a cult, you become the sacrifice.
jr. member
Activity: 80
Merit: 4
May 18, 2021, 04:59:47 AM
#60
Musk hasn't sold his bitcoins. HODL https://ibb.co/0MYK1CR
full member
Activity: 1190
Merit: 117
May 17, 2021, 05:56:13 PM
#59
I think that Tesla already sold bitcoins.

But what I do not understand is why is the price is affected so much by his tweets. Who cares if Tesla stops BTC payments? How many cars they already sold for BTC? 10? 15? Or less?

This is INSANE!
It's not all about his tweets. The problem is that Bitcoin was already overbought at 60 thousand and many people knew it could correct so they had no buy orders set up at that level.
When Musk spew his hate and some people got scared and sold they sold into empty market.

When you have 1000 bitcoins and sell and there's only buy orders for 500 in the given range, the rest will automatically fill all the lower orders. If another big buy order is 2000 USD lower than that's where you'll sell your last coin. We are witnessing a domino effect that will stop when people calm down and realize it could be a good moment to buy again because what's done is done.

That's why it's called panic because people are not thinking straight. They are trying to get rid of bitcoin at all cost because there could be something wrong with it when reality nothing is wrong. It's the same Bitcoin they were paying 60000 USD for.

I agree that Bitcoin's price will go too high when it rises above $ 60k, and it is true that sooner or later there will be a correction. And what Elon Musk
did is only the trigger for finally Bitcoin corrections to a deep enough now. Many Bitcoin holders end up panicking, especially for new investors who
do not have investment experience in crypto, they will definitely be affected by what Elon Musk has done. Yet if we can be calm and do research
properly, we will surely understand that corrections do need to occur. It should be that the price of Bitcoin goes down there is no need to panic,
but make it an opportunity to buy Bitcoin, because I believe it won't be long before Bitcoin can go up again.
legendary
Activity: 2450
Merit: 4295
eXch.cx - Automatic crypto Swap Exchange.
May 17, 2021, 05:29:45 PM
#58
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.

Exactly, who talks down on what they have not just their money but that of their company invested into if not to create fud and present an opportunity to buy more when the price crashes lower. The whole fud game was getting boring since they just recycled previous fud but I'm quite impress with this one as it presented a true problem which is the electric consumption of bitcoin.

Elon is always full of suprises so don't be surprised if he comes up with a tweet on how to reduce this or solve this problem and get the people to trust him. Or probably he has another project he has interested in pumping which is quite environmental friendly than other cryptocurency currently (his words though not mine).
hero member
Activity: 3010
Merit: 794
May 17, 2021, 04:54:16 PM
#57
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
You cant stop people on not on doing that where they do bashed out even into that personal area already and wont stick out on where they should placed out or something we do called limit.

Basing off with Musks behavior then im not really that surprised on how the community been reacting to that but dont they think about the probabilities that all of these things are connected
into some sort of signal or shall we say a manipulative way on trying to make the market down?

We are already experiencing it at the moment but we cant point out fingers on whats the actual reason behind this decrease or sale on cheaper btc.
hero member
Activity: 2184
Merit: 531
May 17, 2021, 04:27:10 PM
#56
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

Isn't that what JPMorgan did a few years back? CEO tweeted how Bitcoin is stupid and that he'd fire anyone in the company if they traded bitcoin, next thing they are found to be trading.

Elon doesn't want Bitcoin, he needs company revenue on paper so he'll pump and dump, manipulate, tweet silly things, he'll do whatever it takes to show profit.

My opinion is that if he hasn't sold, he will, so don't count on his help or anything. Bitcoin survived without him for so long and it will keep on going long after he's gone.

I think that Tesla already sold bitcoins.

But what I do not understand is why is the price is affected so much by his tweets. Who cares if Tesla stops BTC payments? How many cars they already sold for BTC? 10? 15? Or less?

This is INSANE!

It's not all about his tweets. The problem is that Bitcoin was already overbought at 60 thousand and many people knew it could correct so they had no buy orders set up at that level.
When Musk spew his hate and some people got scared and sold they sold into empty market.

When you have 1000 bitcoins and sell and there's only buy orders for 500 in the given range, the rest will automatically fill all the lower orders. If another big buy order is 2000 USD lower than that's where you'll sell your last coin. We are witnessing a domino effect that will stop when people calm down and realize it could be a good moment to buy again because what's done is done.

That's why it's called panic because people are not thinking straight. They are trying to get rid of bitcoin at all cost because there could be something wrong with it when reality nothing is wrong. It's the same Bitcoin they were paying 60000 USD for.
member
Activity: 122
Merit: 13
Thermofinance.Com
May 17, 2021, 05:02:46 AM
#55
It's just a strategy to down bitcoin price, but I think soon something big will happen and bitcoin back on the road.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
May 17, 2021, 03:27:29 AM
#54
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.

Elon Musk's arguments made everyone laugh in the face. His companies SpaceX and Tesla use more electric power than Bitcoin.







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.
I can definitely see the optimism but it is just at a time like this when the market is barely surviving with Elon Musk saying more things is just making people despise this guy.
TBH I think it is really pathetic how the market can react to a guy's tweet and collapse everything that was built. It is annoying to see that a small reaction in people's opinion trickles down in a major domino. It does say something about the market - I suppose next time we need to build it better, stronger.

Elon Musk is trying to regain a bit of his reputation after breaking the crypto uptrend with other, more mellow-looking tweets

https://twitter.com/elonmusk/status/1394170030741413888
newbie
Activity: 25
Merit: 6
May 17, 2021, 02:39:46 AM
#53
Get ready for the "here's why I'm wrong" bull run.

Nice flash sale on Bitcoin, I appreciate it Elon.

Man, I hope you're right, and also that the flash sale lasts until I get paid on Thursday  :-P
hero member
Activity: 1246
Merit: 588
May 17, 2021, 02:35:59 AM
#52
Yeah, market manipulation so they can buy the dip. That's the power of whales....we have seen this happen before so its not new
 Its funny how bitcoin hodlers always wail and panic about every dip.


Probably the biggest whales right now in the market. We sure can't defeat them so if you want to take advantage of the current situation it is always better to stay close and follow his lead or you just take a deep breath. we've always had that saying 'Keep your friends close but keep your enemies closer".

It is all a numbers game. It's either you react to it or take advantage of it. Whatever may be his motive it is still a good call to risk your asset that is how investment does works right?
legendary
Activity: 2030
Merit: 1189
May 16, 2021, 03:57:16 PM
#51
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.
I can definitely see the optimism but it is just at a time like this when the market is barely surviving with Elon Musk saying more things is just making people despise this guy.
TBH I think it is really pathetic how the market can react to a guy's tweet and collapse everything that was built. It is annoying to see that a small reaction in people's opinion trickles down in a major domino. It does say something about the market - I suppose next time we need to build it better, stronger.
member
Activity: 275
Merit: 11
May 16, 2021, 03:40:41 PM
#50
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

Isn't that what JPMorgan did a few years back? CEO tweeted how Bitcoin is stupid and that he'd fire anyone in the company if they traded bitcoin, next thing they are found to be trading.

Elon doesn't want Bitcoin, he needs company revenue on paper so he'll pump and dump, manipulate, tweet silly things, he'll do whatever it takes to show profit.

My opinion is that if he hasn't sold, he will, so don't count on his help or anything. Bitcoin survived without him for so long and it will keep on going long after he's gone.

I think that Tesla already sold bitcoins.

But what I do not understand is why is the price is affected so much by his tweets. Who cares if Tesla stops BTC payments? How many cars they already sold for BTC? 10? 15? Or less?

This is INSANE!
sr. member
Activity: 1820
Merit: 436
May 16, 2021, 02:48:36 PM
#49

THE CONSPIRACY
I don't think this is all about the environment, I think its a market manipulation for an intended bullrun in the dogecoin and the people would blindly follow. For a while now  the dogecoin has been targeting to make a $ in market price and i think this is that plan in motion. He has claimed to be the father of dogecoin and what won't a father do for his ward Being! Being a phenomenal figure for Musk and the long list if environmentalist to appraise this course.

Enough of Elon Musk and these bullsh*t.

I mean for me it's too obvious the reason for fossil fuels is obviously just a cover-up and  I don't think it is the real reason why they do it, and probably many people will agree with me.

This fossil fuel thing is obviously something that Elon musk knows or they know already before even they announce that they will invest in bitcoin for sure.

A lot of dogecoin holders believed that dogecoin will be the online money or the cryptocurrency that people are gonna use in the future because it is suitable to bitcoin in that aspect and I think maybe Elon is going in that way after dropping the price of DOGE is might pump it again.
copper member
Activity: 2562
Merit: 2510
Spear the bees
May 16, 2021, 01:59:44 PM
#48
Get ready for the "here's why I'm wrong" bull run.

Nice flash sale on Bitcoin, I appreciate it Elon.
hero member
Activity: 2184
Merit: 531
May 16, 2021, 01:53:30 PM
#47
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

Isn't that what JPMorgan did a few years back? CEO tweeted how Bitcoin is stupid and that he'd fire anyone in the company if they traded bitcoin, next thing they are found to be trading.

Elon doesn't want Bitcoin, he needs company revenue on paper so he'll pump and dump, manipulate, tweet silly things, he'll do whatever it takes to show profit.

My opinion is that if he hasn't sold, he will, so don't count on his help or anything. Bitcoin survived without him for so long and it will keep on going long after he's gone.
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
Need A Campaign Manager? | Contact Little_Mouse
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.
hero member
Activity: 2982
Merit: 610
May 14, 2021, 10:31:42 AM
#26
I don't think any sneaky rich idiots can shake Bitcoin easily now. Musk understood that he can't manipulate the BTC prices and that's why he moved to Doge coin where he can do literally anything as it is a meme coin. Who knows, he might be pumping new meme coins now for his profit.
Well, that obviously to say that Bitcoin can never be controlled and manipulated by anyone. He comes in crypto in shilling Doge which we know that this coin has no market value, then he moves to Bitcoin which he believes that he can control it but somehow, he just realizes that he can't.

I don't say any conspiracy in BTC but it was too clear for us that Elon Musk has no intention to go along with the market as a decentralized platform. What he wants ( base on my observation) is to take control of the market. But he even to forgot how it was becoming impossible and no way he will succeed his true intention. 
hero member
Activity: 1078
Merit: 504
May 14, 2021, 10:13:40 AM
#25
I don't think any sneaky rich idiots can shake Bitcoin easily now. Musk understood that he can't manipulate the BTC prices and that's why he moved to Doge coin where he can do literally anything as it is a meme coin. Who knows, he might be pumping new meme coins now for his profit.
legendary
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May 14, 2021, 09:56:50 AM
#24
Yeah, market manipulation ~snip
He actually stated that Tesla sold off some of their BTC holdings earlier this year, 10% I believe at the first sign of profit. In the end anything from him is a business move with profit at the forefront. Longterm I'm sure he believes in the price that much I think is safe to say.

It seems like I was wrong about Elon Musk, I used to think he is a believer in bitcoin since he saw the technology and liked it. ~snip~
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.
I don't thin kyou were to far off, in general. Except it wasn't really only Bitcoin, I think he like some newbies use that as a term for crypto in general. Elon likes to be the center of attention, and will do/say just about anything as either a tantrum or troll to keep it such as calling a rescuer a pedophile repeatedly. He also doesn't care what some would consider market manipulation, I believe he was fined by the SEC for doing this through tweets after receiveing warnings.
Pretty sure his inflated Ego, sees an opportunity to profit and make himself the new face of crypto. You now be all revolutionary in a new field by jumping in and taking the spotlight. I think he's either working on creating a bunch of super farm locations with "clean" energy and/or he's trying to prop up the Doge community or some other shitcoin.

I can't say for sure but I can assure anyone who thinks he has been doing the things he's done that it's to help millenials find financial success.... you are just wrong. He is no saint and it's funny to see him put on a pedestal, the second coming of Bitcoin Judas maybe.
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May 14, 2021, 08:25:33 AM
#23
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.

Lol man you can't believe what you just said can you? Elon Musk perfectly understands what Bitcoin is, what it does and how it works. He knows that for years, maybe even for a decade. 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
legendary
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May 14, 2021, 01:07:51 AM
#22
Guys this is Elon Musk we are talking about. He is a smart man. In the past, he has mentioned a lot of times that he personally thinks that Bitcoin is quite clever.

This tweet was also a screenshot of an official company statement. It may just be that he is distancing Tesla from Bitcoin to avoid the negative PR about environmental concerns. Most of these concerns are actually fueled by promoters of centralized PoS coins which want to project themselves as the replacement in the current bull run. If a PoS coin or something being run on datacenter nodes can reliably and impartially keep trillions in value safe and locked, then of course we don't need BTC. The truth is that Bitcoin's PoW gives that underlying confidence and security.

If institutional investors and mainstream companies are ready to put value in something which is non-PoW, then that future will also be tested. If and when things actually come to this, we can only speculate what the outcome would be.

As far as his love for DOGEcoin is concerned, he probably just loves that he is single-handedly being able to wipe out debts for millenials who somehow stumbled upon DOGE and invested in it. If you are young and have made good profits on DOGE, just clear your debts and free yourself. Don't keep holding onto it. The biggest wallets and whales can dump at any moment and you'll be left regretting about all those unrealized gains.
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No God or Kings, only BITCOIN.
May 13, 2021, 11:06:54 PM
#21
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.
hero member
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May 13, 2021, 10:51:13 PM
#20
Elon Musk just shows the world that he can't be trusted with his words, he is more like a chameleon that can change at any given time, how is is possible that a company as big and successful as Tesla didn't do any dip research on btc mining before getting involved! That's a lie and everyone can smell it a thousand miles away, unfortunately many crypto enthusiast believe in him and took him serious.
legendary
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May 13, 2021, 10:40:57 PM
#19
It seems like I was wrong about Elon Musk, I used to think he is a believer in bitcoin since he saw the technology and liked it. It wasn't that far fetched considering his statements about bitcoin before the FUD began.
But in the end it turns out that the difference between Musk and McAfee isn't that much actually. They both started praising bitcoin and ended up participating in shitcoin pumps to make millions out of the pump and dump altcoin market then just left with their pockets full of newbie's cash.
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.
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May 13, 2021, 10:34:22 PM
#18
As a result of this manipulation Tesla has just lost a potential customer: me.
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May 13, 2021, 09:44:41 PM
#17
I knew that it's not always good news, from the very start, I already believe that Elon is a big manipulator, he is rich but he is using his influence to serve his personal interest and that would not result in real adoption. So now he is destroying bitcoin to promote DOGE, I don't think he will be successful with that, people will always trust bitcoin more than any other coins, so expect that when Bitcoin drop, DOGE will also dump.

Oh, that would be a disastrous attempt, promoting DOGE at the expense of Bitcoin. As Bitcoin has been regarded almost all as the King of Crypto, and everybody knows the meme coin, that even the founder already sold his share and does not want to be part of the coin anymore. Anyway, as an innovator and inventor I would admire the accomplishmens of Elon. But I guess that his stint with cryptocurrency will be forever be remembered by the supporters of Crypto with disdain and raised eyebrows.
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May 13, 2021, 07:37:41 AM
#16
Here's a reply from lolli.com. I believe this is just the first of the many actionable response to come
Interesting! Funny enough I was just making this claims a while a go with no actual proof and now, Lolli has come up to make claims and point out some possible underlying ideas behind the recent Musk and Tesla's BTC conspiracy that resulted  in the bearish move observed today.
Claims: https://twitter.com/trylolli/status/1392612268316135424?s=19
Its only a matter of time before you find other crypto investors coming up to make there claims and  decline from buying Tesla's as well.

Its only natural to understand that we are in a constant state of evolution and should the only available source of energy be renewable sources and produced in adequate amount, it would receive a lot of patronage. You don't expect bitcoin mining to halt because it has not been able to switch to renewable sources.
hero member
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May 13, 2021, 07:37:05 AM
#15
I knew that it's not always good news, from the very start, I already believe that Elon is a big manipulator, he is rich but he is using his influence to serve his personal interest and that would not result in real adoption. So now he is destroying bitcoin to promote DOGE, I don't think he will be successful with that, people will always trust bitcoin more than any other coins, so expect that when Bitcoin drop, DOGE will also dump.
hero member
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May 13, 2021, 07:06:57 AM
#14
Here's a reply from lolli.com. I believe this is just the first of the many actionable response to come

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May 13, 2021, 06:57:37 AM
#13
Well this should be a wake up call for all of us that not every investor would surely stay for good others are just here for the profit so you should get used to those scenarios.
Everyone is free to do what they want to their crypto no matter how much they invested it is their money it is their investment plan it doesn't matter if their small time or big time investor we are all free to do what we want.
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May 13, 2021, 06:50:06 AM
#12
People are getting tired of Elon Musk. He is a sneaky manipulator and enough is enough.

BTC will be fine but Musk and his Tesla's will see less sales, that's guaranteed, I wouldn't buy from such a narc even if he sold me his cars at half price!
Yes sir you are absolutely right because we are getting tired of Elon musk tweet. A few days ago he allowed bitcoin as his tesla business but today he declare bitcoin a unfriendly for his businesses and $ friendly and accept $ his business plafrorm.
hero member
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May 13, 2021, 06:42:55 AM
#11
That's what OP might want us to think of this situation, he must be a full time Elon hater. The sales of Tesla will still go up because people are still going to buy it with fiat and just because people are using crypto doesn't mean that we are special people, there are millions of customers that will pay fiat.
Hate is a very strong word, I won't use that on a person neither would I hate on anyone or anything without a reason. Besides, Elon Musk is what we could describe as a success and you don't hate on success. You admire it, envy it and use it to motivate yourself. So, hating on Musk is far from it to me, but I dislike the fact that his actions can create some mush turbulence in the market. That sh*t ain't cool no more.

Do you really think he will see a significant reduction in sales? I don't think there are that many people who were going to buy Tesla with bitcoin or are upset about this (even if they were going to buy it in fiat) and are no longer going to do so because of this.
On this, there are people that would always want to buy with fiat and as much, we have those that would prefer to stay anonymous on their transactions and buy with crypto, in this case, bitcoin. Kicking bitcoin out after a previous acceptance brings some sentiments to the Tesla market and in turn affects the bitcoin investors who would have preferred this option.

So, i do think it would have some effect on the Tesla sales though, I doubt it would be significant. One thing is for sure, fossil fuel isn't stopping anytime soon, altcoins too still use fossil fuel in mining though, it isn't significant as compared with bitcoin yet and then, not accommodating more medium of payment becomes a limitation. Variety is beauty.
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May 13, 2021, 04:11:49 AM
#10
I also don't think that it is related to fossil fuels being used for Bitcoin mining. If you were thinking like that, then why did you start accepting Bitcoin payments in the first place? This is nothing more than a market manipulation.
legendary
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May 13, 2021, 03:54:34 AM
#9
This is obviously clear that Elon Musk is manipulating the market, what he just declared can result to bear market, we have even noticed the bear market since like a day ago. Elon knows much about how bear market works, he knows that big blow on Bitcoin could really result to bear market that may set Bitcoin to decreased below $50000, that may also lead to other cryptocurrencies to begin to fall in price, even very possible Bitcoin to decrease below $40000. I am thinking he is planing in a way Doge will be accepted for Tesla payment, if not thinking that way, he really still just want the market to abruptly fall. If care is not taken, this can be the beginning of the usual bear market, but let us see how it goes as some others whales are still there to make sure market price is not really affected.
legendary
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May 13, 2021, 03:34:37 AM
#8
Same here. Totally surprised by the price yesterday, over 10% crash right now and it was worse even a few hours ago.

I don't think this is a big conspiracy though, just a guy who loves having an effect on the market and wanting to remind people as such. Remember when he also caused a crash a few days ago on DOGE when he laughed about doge being a hustle?
hero member
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May 13, 2021, 03:08:39 AM
#7
Yeah, market manipulation so they can buy the dip. That's the power of whales....we have seen this happen before so its not new
 Its funny how bitcoin hodlers always wail and panic about every dip.




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May 13, 2021, 01:56:33 AM
#6
The whole situation and circumstances scream manipulation to me. I’m not sure what he’s up to, but it’s safe to say he’s got a plan and will profit from it. That or maybe he just has a wacky idea and wants to pursue it. When Tesla did announce they were accepting BTC it felt underwhelming. Maybe he wants that announcement to make a bigger splash when he’s ready.
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May 13, 2021, 01:54:22 AM
#5

Do you really think he will see a significant reduction in sales? I don't think there are that many people who were going to buy Tesla with bitcoin or are upset about this (even if they were going to buy it in fiat) and are no longer going to do so because of this.

That's what OP might want us to think of this situation, he must be a full time Elon hater. The sales of Tesla will still go up because people are still going to buy it with fiat and just because people are using crypto doesn't mean that we are special people, there are millions of customers that will pay fiat.
legendary
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May 13, 2021, 01:52:01 AM
#4
~ I don't think this is all about the environment, I think its a market manipulation for an intended bullrun in the dogecoin and the people would blindly follow. For a while now  the dogecoin has been targeting to make a $ in market price and i think this is that plan in motion. He has claimed to be the father of dogecoin and what won't a father do for his ward Being! Being a phenomenal figure for Musk and the long list if environmentalist to appraise this course.
He had a poll whether or not Tesla should accept DogeCoin prior to that for the environment tweet. He's trying to hit two birds with one stone buying BTC at a discount and helping pump Doge to $1. I wouldn't be surprise if the next tweet is you can now buy Tesla using Doge.
legendary
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May 13, 2021, 01:49:12 AM
#3
People are getting tired of Elon Musk. He is a sneaky manipulator and enough is enough.

BTC will be fine but Musk and his Tesla's will see less sales, that's guaranteed, I wouldn't buy from such a narc even if he sold me his cars at half price!

Do you really think he will see a significant reduction in sales? I don't think there are that many people who were going to buy Tesla with bitcoin or are upset about this (even if they were going to buy it in fiat) and are no longer going to do so because of this.

legendary
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May 13, 2021, 01:41:31 AM
#2
People are getting tired of Elon Musk. He is a sneaky manipulator and enough is enough.

BTC will be fine but Musk and his Tesla's will see less sales, that's guaranteed, I wouldn't buy from such a narc even if he sold me his cars at half price!
hero member
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May 13, 2021, 01:31:12 AM
#1
A CAUSE TO THE FALL

I just woke to the realisation of a bitcoin market on a downtrend and was wondering what could be the reason. Little did i know it was a Musk and Tesla manipulation of the market on the rise. Musks and Tesla has been the reason behind bitcoin and cryptocurrencies surging at many levels.

Tesla and Musk which has over $1.5billion worth of bitcoin investment and had recently started accepting bitcoin as a medium of payment on its investment plans has just gone the far length of putting a halt to that channel with a tweet from the looked up to figure which explains the recent fall in the bitcoin market.


Source: https://twitter.com/elonmusk/status/1392602041025843203?s=19

It seems the company only got to discover the health implications of using fossil fuel and a non renewable source of energy just now of which Tesla is not driven on. It might also interest Musk to know that, its not only the use of fossil fuel that pollutes the environment and there are far other elements to the effect too. Even he Musk is involved in a space program that produces emissions and films, polluting both space and the earths atmosphere at large.

THE CONSPIRACY
I don't think this is all about the environment, I think its a market manipulation for an intended bullrun in the dogecoin and the people would blindly follow. For a while now  the dogecoin has been targeting to make a $ in market price and i think this is that plan in motion. He has claimed to be the father of dogecoin and what won't a father do for his ward Being! Being a phenomenal figure for Musk and the long list if environmentalist to appraise this course.

Enough of Elon Musk and these bullsh*t.
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