Topic: Tesla destroys bitcoin :-[ - page 4. (Read 1357 times)
I have always hold the belief that Bitcoin is too big now to collapse just because a company has refused to accept it even if it's the company of the richest man on the planet. Bitcoin didn't even react when POTUS (Trump) in his Twitter called it a big scam, then no matter what someone says, the value of Bitcoin will always stay and never plummet unless some sort of catastrophic event takes place
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.
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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.
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.
Actually not, the first question is, will bitcoin rise this far if not because of Elon Musk's support? My answer is no, Elon hype bitcoin then later DOGE, so it's just normal that bitcoin will dump when it left by Elon but that did not make the market collapse, and even if the price will fall, at least we enjoyed a bull run and bitcoin reach a new ATH.
Bitcoin is volatile, it has a bull and bear market, we enjoy where we are now, but be always smart not to fall for the manipulators.
Bitcoin is volatile, it has a bull and bear market, we enjoy where we are now, but be always smart not to fall for the manipulators.
I dont think Tesla withdrawal can destroy BTC. BTC went to 50k$ without tesla support, MUSK joined the party when BTC was already up. It was good buying opportunity and I am happy that I bought some BTC on 48k$ yesterday.
Buy when everyday fears to buy
Buy when everyday fears to buy
The history of Bitcoin has experienced more horrible events such as the MTGOX exchange having $84 million in Bitcoin stolen in 2013, Binance, Bifinex being hacked, China, India banning Bitcoin in 2017... We were here and saw the most recent Bitcoin price drop of 50% in a few days in March 2020.
Tesla just dropped Bitcoin 12% and it's not too bad. Bitcoins are indestructible and never die.
Tesla just dropped Bitcoin 12% and it's not too bad. Bitcoins are indestructible and never die.
Maybe Elon is enemy i think
It doesn't work that way. In the first place, Tesla does not own bitcoin, bitcoin was used by Elon to hype the market, but Bitcoin will survive even without Tesla. Besides, Tesla is not the biggest in the market, there's a lot of big company that will eventually adopt with bitcoin and it's nice that we know this early the real color of Elon Musk.
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
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
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.
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 was just surfing across the instagram and I came across one of the crypto related page on my feed and saw this image and wanted to share on this thread.Every time the market is down the panic sellers get into this trap and think now btc is going to crash and is most probably dead.
Bitcoin don't need any single company or rich individual to grow in the market and people holding it will eventually be the real gainers in coming days.This market is not for some panic sellers as they contribute worse to these corrections.
12% is enough to create an unhealthy environment. You have to understand that there are a lot of new investors and they all want to increase their capital with bitcoin. But with such tragedy, many newcomers have been blown away. Long term investors may not be affected, however, it is 100% novices are being in the depth of pain
Its an investors dream, that's why Bitcoin is so lucrative to traders. Its fallen a little over 10%, and the Tesla announcement is likely going to effect Bitcoin in the short term rather than the long term. I don't understand all the doom, and gloom. Their message which, I've said smelled like an attempt to improve PR relations, wasn't even that bad. New users probably suffer the most, and might panic sell after an influential business has discontinued payment of Bitcoin, but Tesla isn't vital to Bitcoin adoption, nor is Tesla the likely candidate for most Bitcoin users to buy a car from.
At the moment I think we doing the damage our selves, not Tesla!
If you remember back in the day when markets were volatile a 10% was normal and we moved on, now Tesla pulls out and we giving them free coverage on the forum, TV stations , the list is endless and we keep giving bitcoin a bad picture, let's move on bitcoin is a free market and people will always jump ship,it's normal.
If you remember back in the day when markets were volatile a 10% was normal and we moved on, now Tesla pulls out and we giving them free coverage on the forum, TV stations , the list is endless and we keep giving bitcoin a bad picture, let's move on bitcoin is a free market and people will always jump ship,it's normal.
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.
12% is enough to create an unhealthy environment. You have to understand that there are a lot of new investors and they all want to increase their capital with bitcoin. But with such tragedy, many newcomers have been blown away. Long term investors may not be affected, however, it is 100% novices are being in the depth of painBitcoin is not related to Tesla,sure Elon Musk impacted the price when he invested in Bitcoin first and is also doing the same now by saying he will not accept Bitcoin as a form of payment for Tesla cars but I think he intentionally is doing this to make the price go down and buy even more Bitcoin at a cheaper price thus increasing his capital.In the end the price will skyrocket again and novice investors should not be scared of such price swings.
12% is enough to create an unhealthy environment. You have to understand that there are a lot of new investors and they all want to increase their capital with bitcoin. But with such tragedy, many newcomers have been blown away. Long term investors may not be affected, however, it is 100% novices are being in the depth of pain
It is a test as to who deserves the big profits, now if these new investors think that when they bought bitcoin, they can already profit really quick then they deserve to lose their investment because they are greedy. Bitcoin alone will not be a good money making machine, if you don't have the patience then you won't be able to get a profit out of it. 
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.
12% is enough to create an unhealthy environment. You have to understand that there are a lot of new investors and they all want to increase their capital with bitcoin. But with such tragedy, many newcomers have been blown away. Long term investors may not be affected, however, it is 100% novices are being in the depth of pain 
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
nothing will destroy Bitcoin, including Tesla and Elon....Bitcoin is controlled by all of us, the news about Tesla only make small corrections and after that everything will return to normal, within 24 hours after that news spread the Bitcoin price was still stable at $49k-$50k. 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 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
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 will recover soon but it is Tesla which will be destroyed if elon musk fuds about bitcoins. Elon Musk tweet wipes $14bn off Tesla's value. People will hate Tesla if Elon Musk keep on targeting bitcoins and promote Doge.
That's certainly not a good publicity for bitcoin. But on the other hand I heard Elon is now thinking about accepting Dogecoin which is the most surprising. Isn't doge also using PoW just like Bitcoin? I thought he was searching for a non-PoW coin to accept for his cars.
Anyway I never liked his cars so I don't really care.
I wouldn't get one if he was throwing his cars for free.
Anyway I never liked his cars so I don't really care.
I wouldn't get one if he was throwing his cars for free.
Oh, come on now! I know the consensus is Elon is a fool, and everyone involved in Bitcoin has to hate him, but seriously he's much more than a car manufacturer. I'd say his more prolific, and impressive work is with SpaceX. So, although it does annoy me they have come out with this announcement, I won't just discredit him out of spite. I do believe this was a calculated effort to improve their brand reputation, though which just shows we the lack of courage they actually have. Since, they definitely don't have the proof that Bitcoin uses any more energy than several other industries out there.
I agree here. I mean, I think he's a bit of an idiot and and egomaniac (not sure if that's the right word) but he has done a lot of really good engineering that will help the future of electric vehicles and space travels.
You can't have it all. Geniuses are hard to work with and even harder to live with. And everyone was happy when he pumped crypto, so we should also be happy he can also dump it. It takes a world to make crypto:)
New people who had just recently jumped in into this market will usually freak out when they do saw such dips in price just because of some news and thinking that -12% drop isnt something
that you should panic on and by just looking into the history itself then you can eventually tell that this is just a normal day here on crypto.There might be some news attached to it but doesnt mean
that it would be the end of everything. Market price does make out corrections and its a typical thing and you should get used to it because if you do let your emotion do control you anytime
then its hard in terms of investment decisions.
that you should panic on and by just looking into the history itself then you can eventually tell that this is just a normal day here on crypto.There might be some news attached to it but doesnt mean
that it would be the end of everything. Market price does make out corrections and its a typical thing and you should get used to it because if you do let your emotion do control you anytime
then its hard in terms of investment decisions.
This is a normal human reaction to a decrease in the price of his investment. But you rightly said that this is normal for a person who has just started investing, for an experienced investor, such a reaction is unacceptable.
Everyone who chose bitcoin for investing understands its advantages and prospects, he expects in the future that bitcoin will be very expensive in the future. And Tesla is not capable of destroying bitcoin, these are just manipulations for which someone will have to answer, I hope.
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