Tesla destroys bitcoin :-[ - page 3.

eXtremal

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Quote from: Ludmilla_rose1995 on May 13, 2021, 10:18:48 AM

The decline in the price of bitcoin is not that big. you have never felt a decline in bitcoin price by 80 - 100% and followed by a decline in other altcoins. If you panic about today's decline, you should stop investing.

Before entering cryptocurrency trading we have been reminded that cryptocurrency investment is fraught with risk. They're the ones coming in because of Elon Musk, it's only natural that they're upset with Elon Musk. However, I have experienced bitcoin fall even Cut loss at 80% in 2018, I hope 2018 will never happen again.

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Quote from: boyptc on May 13, 2021, 03:15:20 AM

It might be a big deal today but tomorrow it won't be.

You know why? because bitcoin is known to be one of the most resilient assets that we ever had. Just compare this when Microsoft had also announced the same before.

But what's with it right now? looks like nothing happened and bitcoin continued to thrive.

Bitcoin will continue to grow, even if Elon Musk stays out of bitcoin. I prefer healthy bitcoin growth, technologically evolving and then rising slowly, rather than a hard pump, and so will it. Elon Musk just came to hype. After a few days they suspended the payment of bitcoins and then they confirmed they had not sold any bitcoins. But, no one knows the truth, I hope the market recovers soon, and Tesla is right to support the development of bitcoin in the absence of an unhealthy strategy.

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Elon Musk has been bessed to his true nature, his arrival with bitcoin was just to do a short pump, and in the end they broke him - this cost new people a lot of money. I hope the market recovers soon, or Elon Musk won't be trusted by many anymore.

matchi2011

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Quote from: Vishnu.Reang on May 17, 2021, 09:36:07 AM

As far as I can see, Bitcoin is not destroyed. It is still thriving, although the exchange rates have dipped below $50K. Elon should worry about his crappy Tesla EVs. From what I heard, a number of major automobile manufacturers are going to enter the EV sector in a big way. There will be more competition, and there is a chance that the overpriced Tesla cars will be destroyed soon by other manufacturers such as Toyota and Volkswagen.

He might just diverting and trying to collect more cheap coins if that competition is on it's way Musk are preparing for much
wider participations might be bringing something big to this industry.

We can't conclude what inside is mind for now we are seeing impacts from whatever move he's doing along the way, but sooner
or later it will reveal what his real position.

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Quote from: hazenyc on May 18, 2021, 04:56:54 AM

Why then did Bitcoin literally crash after his post that Tesla won't accept Bitcoin anymore? Isn't that manipulation per definition? I would say so.

Why do people get manipulated so easily? Bitcoin is not about Tesla. Ok, people no longer can buy car with a Bitcoin. So was? Not everyone dreamed to do it. This is not a manipulation, but herd instinct. One dumb started making big deal from it, other pumped that, which caused to a panic sale. I dont even think that many has bought tesla using Bitcoin. From my point of view, this is not a manipulation, but shortsightedness of some individuals.

hazenyc

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Quote from: Sithara007 on May 16, 2021, 12:02:27 AM

Quote from: hazenyc on May 14, 2021, 08:39:44 AM

For me it could also have been a coordinated attack. I would like to know whether right before his tweet there were some suspicious shorts on Bitcoin in the market or whether he really posted that message against Bitcoin without letting anyone know in advance.

These things were planned well in advance and Elon is not some innocent little kid like many would like to believe. There is no point in looking at the orderbooks for Bitcoin, as BTC is very difficult to manipulate. If you really want to find out who benefitted from this, then I would advice you to check the exchanges where Dogecoin is being traded. For the past several months, whales have been accumulating DOGE. And the price was being kept artificially at a high level, even before this tweet. It is possible to manipulate a coin such as DOGE, which has very low liquidity. But the same is not possible with a cryptocurrency such as Bitcoin.

Why then did Bitcoin literally crash after his post that Tesla won't accept Bitcoin anymore? Isn't that manipulation per definition? I would say so. If some guys placed shorts with leverage 100x shortly before Musk made that Tweet, you can imagine how much they made from that. Bitcoin lost like 12% or so? 100x that 12% and give it a $10 million underlying... That's a lot of money!

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Quote from: YanBitMoney on May 17, 2021, 04:06:39 AM

From hero to hater just after tweeting is real. Indeed! lol

btw, I didn't think this post would get this much attention

What if it did? and I took the attention. Cool

Quote from: Ecol on May 17, 2021, 04:35:16 AM

It must be admitted that elon has the biggest role in increasing the price of bitcoin this much. Now we are angry with Elon that bitcoin is falling, yes, but if it was not for him, we would never have seen these places.

He did influenced a lot when bitcoin has reached to $62k and he really did well helping bitcoin reach that price due to his influence and now the game is changing on his terms.

Vishnu.Reang

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As far as I can see, Bitcoin is not destroyed. It is still thriving, although the exchange rates have dipped below $50K. Elon should worry about his crappy Tesla EVs. From what I heard, a number of major automobile manufacturers are going to enter the EV sector in a big way. There will be more competition, and there is a chance that the overpriced Tesla cars will be destroyed soon by other manufacturers such as Toyota and Volkswagen.

ropyu1978

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Tesla Inc was founded by Elon Musk, Martin Eeberhard, and Mark Tarpening, but I don't think Tesla can destroy bitcoin, even though Elon Musk said bullshit wants to close bitcoin, but bitcoin will grow, and it will grow forever,, price drop That's normal. .
don't be easily provoked by public opinion ..

Ecol

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It must be admitted that elon has the biggest role in increasing the price of bitcoin this much. Now we are angry with Elon that bitcoin is falling, yes, but if it was not for him, we would never have seen these places.

YanBitMoney

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From hero to hater just after tweeting is real. Indeed! lol

btw, I didn't think this post would get this much attention

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Quote from: Issa56 on May 16, 2021, 02:56:40 PM

Elon musk joined bitcoin just to dump and manipulate bitcoin

He may already join years ago, but he didn't publish it to the public. But now, he is very active to talk about Bitcoin, Doge, or other crypto coins. I can understand if you suspect he joined only to manipulate and take advantage of his popularity. However, a person like him will be always there, everyone must remember we have John McAfee before. So, this is a challenge that must be deal by crypto market and all the users. This just make a crypto market be stronger and all the users more trust in crypto.

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Quote from: humanvelocity on May 16, 2021, 11:09:55 AM

To be honest it was a really smart move by him if you ask me.

He's smart and he knows how to play the market and he treats it like a game which he manipulates easily.

Quote from: humanvelocity on May 16, 2021, 11:09:55 AM

He made so many people get interest in bitcoin and invest in it which increased the value and sold all of it and made soon decent money out of it lol. It is funny how people blindly sell their coins in loss because certain situations like this, Just be patient guys and give it time to grow its not always gonna happen overnight is it.

You've said it! they are selling because of the FUD that has been spread by him and they don't think that bitcoin will recover afterwards. And there's a likely that it will eventually go back to $50k, $60k and so on.

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Quote from: YanBitMoney on May 13, 2021, 12:05:46 AM

Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns
Inexplicably, after this event, Really after this event, I feel shaken; if only relying on media to grow, bitcoin will collapse at some point!

https://www.coindesk.com/bitcoin-tesla-50k-environment-concerns

There is too much talk about Tesla. Even though Elon is making a difference, the focus should be adjusted. The Tesla effect is turning negative, and that doesn't have to be. There is so much good about Bitcoin and Elon is above that, it shouldn't be compelling. Please pay attention to all the news and don't let the negative guide us so strongly. Watching and analyzing is okay.

Quote from: mk4 on May 13, 2021, 12:54:56 AM

You're shaken just after a 12% drop? Lol you must be totally new here. If you're THAT easily affected by negative press, you probably shouldn't be investing in the first place.

I think, you got it.

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Quote from: Fredomago on May 16, 2021, 03:03:14 PM

Musk is a businessman so what to expect from such kind of mentalities, he already enjoyed the profits that he gained after doing some stuff online and attract newcomers to this field of investment.

Take time and not to rush with conclusion, there's always good thing to happened along the way, best to work with it.

Elon Musk has made a lot of doubts on investors especially novice investors who mostly trade on bitcoin investments while they messed up themselves, it's clear he will make new speculations about prices, later on, I think if we continue to look at him then he will definitely get caught up in the current thing after Tesla banning bitcoin payments is going to be a very deep panic.
In fact, I will continue to see how the plot of this drama will continue to see from some conclusions about bitcoin in the future. If it recovers then Elon Musk has bought and will get a bigger profit.

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Quote from: humanvelocity on May 16, 2021, 11:09:55 AM

To be honest it was a really smart move by him if you ask me. He made so many people get interest in bitcoin and invest in it which increased the value and sold all of it and made soon decent money out of it lol. It is funny how people blindly sell their coins in loss because certain situations like this, Just be patient guys and give it time to grow its not always gonna happen overnight is it.

Better to analyze the situation before doing anything, it's another cycle and those who sell with losses will realized that the market
will bounce back,

Musk is a businessman so what to expect from such kind of mentalities, he already enjoyed the profits that he gained after doing some stuff online and attract newcomers to this field of investment.

Take time and not to rush with conclusion, there's always good thing to happened along the way, best to work with it.

Issa56

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Elon musk joined bitcoin just to dump and manipulate bitcoin tesla is still holding huge amount of bitcoin so I see no reason why they should stop accepting bitcoin I believe Elon musk just have to leave cryptocurrency for us and stop manipulating price for us bitcoin price have never been like this before and I believe if Elon musk continues like this bitcoin will definitely dump but he will also lose his value and respect people are giving him which will also affect his business.

humanvelocity

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To be honest it was a really smart move by him if you ask me. He made so many people get interest in bitcoin and invest in it which increased the value and sold all of it and made soon decent money out of it lol. It is funny how people blindly sell their coins in loss because certain situations like this, Just be patient guys and give it time to grow its not always gonna happen overnight is it.

Cling18

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Quote from: YanBitMoney on May 13, 2021, 12:05:46 AM

Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns
Inexplicably, after this event, Really after this event, I feel shaken; if only relying on media to grow, bitcoin will collapse at some point!

https://www.coindesk.com/bitcoin-tesla-50k-environment-concerns

Bitcoin has a strong foundation and it couldn't be destroyed by a single person no matter how influential and famous is he. Drop and dump like this is normal especially if people are panicking. Bitcoin has been through a lot and it faced lots of rejections before so I must say that Bitcoin is strong enough to face destructions like this.

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Quote from: Wawa2013 on May 15, 2021, 07:49:08 PM

Quote from: TimeTeller on May 13, 2021, 06:48:46 PM

Quote from: Wawa2013 on May 13, 2021, 06:33:10 PM

Quote from: thesmallgod on May 13, 2021, 04:54:12 PM

~

People who are affected by the negative news related to Bitcoin, may indeed be new to the world of crypto. For me, who has been in the crypto world
for more than 5 years, I think the negative news made by Tesla is not a big thing to worry about. After all, a 12% decline in prices in 7 days is still
normal and there's no need to panic. I am also optimistic that in the next few days Bitcoin will recover. So this is indeed the strategy that Elon Musk
did to make the Bitcoin price fall and Tesla could buy Bitcoin at a low price.

We don't know his real motives here. But yes, maybe, he is now secretly accumulating bitcoin again.
But in any case, bitcoin will not be destroyed just because of him.
Bitcoin survived for more than a decade, and Elon just joined crypto recently.
He may have influence in the market, but he is not the ultimate factor that can decide whether bitcoin will die or not.
Bitcoin will go up again in no time. Just don't panic as a lot of big companies are already involved in this market.

Indeed, no one knows the true motives that Elon Musk has done, only he knows it. But I do agree with one thing, that whatever Elon Musk does
with his influence, will not be able to make Bitcoin die. The current drop in Bitcoin price is only temporary, as many new investors panic to see
the Bitcoin price drop below $ 50k. Even though old investors like me should think that the current decline in Bitcoin prices, is a good opportunity
to buy more Bitcoin. So just be patient, in the end the price of Bitcoin will go back up again.

I don't believe you don't see what's driving him to do those crazy things, his goal is to accumulate the gaze of the majority of crypto participants, attack bitcoin so the whole community revolves around him and promote dogecoin personal investment. This show is running very smoothly, Bitcoin is dumped while doge has small rallies, value is increasing again amazingly but nothing can destroy people's opinion of bitcoin, doge's value always needs to be connected to bitcoin, take a big round and Tesla will talk about bitcoin again

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