Tesla destroys bitcoin :-[ - page 5.

virasog

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Quote from: Ecol on May 13, 2021, 11:18:50 AM

Elon cannot destroy anything. He's not strong enough. It may create a short-term manipulation, but it is an inevitable fact that the bitcoin and crypto world will dominate in the long term.

Its true that bitcoin wont be effected in the long run by Elon Musk but we need to remember that he has a 54.5M Followers on his twitter profile. If his positive words can pump the bitcoin, it can also dump the bitcoin with his negative words. We have already seen some negative effects of his tweets recently and he can move the current market. Sad

isaac_clarke22

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Quote from: YanBitMoney on May 12, 2021, 11:05:46 PM

~

Media is making it look like that companies control Bitcoin's price, but if you've been here before like 2018 or something, you'll realize that there were more events that liked "destroyed" Bitcoin but still managed to rebound.
From 20k to 4k back in the days was one. This drop isn't anything new anymore, OP.

mrjoy15

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Elon Musk do what he can, but is there any way we can retaliate on his proposal to Bitcoin. Few crypto enthusiastic guys canceled their Tesla Cybertruck order, and sold out their TSLA stock. Honestly, I don't think this is just a small portion and won't make any changes. However, people should short TSLA as we did long with Bitcoin.

verita1

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Some argue that Elon was pressured to say that "Tesla has suspended vehicle purchases using bitcoin."
Motivating the price of bitcoin to drop so that companies buy bitcoin at a lower price.
Bitcoin has already gotten used to these moods. We often search the news to find out what's new to understand these price drops.

In my opinion we must be aware that if a lot of money is made with bitcoin and cryptocurrencies we must demand the use of the most environmentally friendly networks, we need to act against the effects of climate change and support the leaders of this cause so that the planet is the big winner.

carlfebz2

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Quote from: mk4 on May 12, 2021, 11:54:56 PM

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.

Exactly!

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.

Asuspawer09

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Quote from: YanBitMoney on May 12, 2021, 11:05:46 PM

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

I mean yeah the news is not that great and really has a negative effect on the market price of bitcoin bringing it down to 50k$ but I don't think that could kill bitcoin at all.

yeah for sure, we did see bitcoin reach up to 40k$ without the help of Tesla, because we did past the 50k$ because of the Tesla announcement of accepting bitcoin as a payment method when buying a Tesla car.

I don't know if the tweet or the reason is acceptable for some of the investors but it's not that bad that this happened but its just gonna delay the growth of bitcoin or passing the 100k$.

pixie85

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Quote from: imstillthebest on May 13, 2021, 10:53:00 AM

Quote from: pixie85 on May 13, 2021, 10:32:04 AM

He did not make Bitcoin and he won't destroy it, be real people!

its them not he because tesla is a company .
they cant destroy bitcoin as a whole but they can make a huge damage if they own a big portion of it .

Quote

How much did Bitcoin rise right after his tweet? 10%? Before him we had serious gains and we would have serious gains without his tweet.
Seriously, how many people actually bought a new Tesla with Bitcoin? 10? 20? It looks like a joke figure compared to Tesla's annual revenue. They don't need you to buy their cars with your coins and you don't need them to pump bitcoin!

its rise was not 10 percent its more than that but before them we have paypal and others that also contribute big in the growth of bitcoin .
i only knew 1 people in this forum that bought a tesla with his bitcoin but theres millions of rich people outside that can do the same with thier btc .
they need us because we are costumers and we need them because they can contribute in btc .

By him I mean Musk because Musk IS Tesla. You can believe that this company is doing it on its own, but in reality there's a CEO who pulls all the strings. By saying that Tesla did something you're saying Musk, just like when you say Amazon did you mean Bezos.

Right after his tweet doesn't mean a month later. It means within a day or two because that's a direct reaction to him announcing it. Musk was only one of many contributors. Hedge funds bought more than him.

1 person on the biggest bitcoin forum bought a Tesla? You're basically proving my statement.

arapgeceleri

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I don't think tesla can destroy bitcoin, but it's sure to affect it very badly. We see that it does more harm than it destroys, and this loss affects the market negatively. people may want to withdraw from the market. this will be due to telsa and elon musk. new investors will not want to come. newcomers will want to go out too. affected the market badly.

online73

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What is the meaning of the decadent sentiment - Bitcoin cannot be destroyed, not a single Tesla, or in collusion with someone, will ever be able to do it. We should be happy that the market allows us to buy at good prices, and not throw our anger at Tesla.

Traderbtcc

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AFAIK the media news are part of fundamental analysis (F.A),bitcoin its actually the same for every asset or commodity that is trading in the financial market, good news pushes prices upwards while bad news make the prices plummet, tesla stopped accepting bitcoins that's why the price of bitcoin dumped,but that doesn't mean it will collapse the recent dip was cause tesla stopping people from using bitcoin to purchase their vehicles when the media brings a good news you will bitcoin recover from this dip and pump back up.

TimeTeller

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Quote from: Wawa2013 on May 13, 2021, 05:33:10 PM

Quote from: thesmallgod on May 13, 2021, 03:54:12 PM

That is to show you that the media have both positive and negative influence on the price of bitcoin. However, maybe because you are new to crypto. 12% fall just because of the Tesla tweet about bitcoin is not that big deal as you think. It will surely recover back

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.

kawetsriyanto

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Once again Elon Musk and his company try to manipulate the crypto market and take advantage of it. Damn!!
I assume that Elon Musk is getting more understanding of how to take advantage of crypto. He did a trial on Dogecoin, then he tries to take more on Bitcoin. However, it cannot destroy Bitcoin as Elon isn't the Bitcoin creator. He also cannot control fully all Bitcoin supply and the crypto market around the world. What he did just take a temporary impact, it won't last a long time.

Wawa2013

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Quote from: thesmallgod on May 13, 2021, 03:54:12 PM

That is to show you that the media have both positive and negative influence on the price of bitcoin. However, maybe because you are new to crypto. 12% fall just because of the Tesla tweet about bitcoin is not that big deal as you think. It will surely recover back

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.

dikistutmazsabri

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It is quite wrong to rely solely on the media to grow. It is healthier to grow with the support of the media and with the support of different fields. only hollow growths are experienced thanks to the media. This growth will disappear in a short time. but what the tesla did is a little strange. giving support first and then suddenly changing his mind does not seem realistic to me. bitcoin is hurt, but it doesn't take long to recover.

Kayum10029

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Quote from: Jazzi Mahesh on May 13, 2021, 01:41:11 PM

Tesla has suspended vehicle purchases using Bitcoin, citing concerns over the cryptocurrency’s effect on the climate, the company’s CEO Elon Musk announced on Twitter.

Only few amounts of people are preferring to invest in bitcoin with car tesla. So don't to be fear about Elon musk announcement. Market would be corrected within a few days. May be it's a elon musk tricks from government agencies/ security exchange commission (SEC).

Fredomago

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Quote from: Streets 2.0 on May 13, 2021, 02:14:24 PM

I'm even glad that companies like Tesla will get rid of bitcoins now. Because if they had such opportunities, they continued to increase their share of investments in bitcoin later, the same thing would happen. only the losses to the market would be greater. In general, the reason for the sale seems to me very far-fetched, most likely the matter is simply in problems in the company itself, and the environment is just an excuse not to look too "bad" in the eyes of the community. Calm down - someone else will definitely take the place of Tesla, and no matter how long the price falls, it will find the bottom and then someone will buy all this free volume of currency for a very attractive price.

And we all seen that from the past. Bitcoin falls to the point that many got dissapointed and left this indutry, then bounce happened and unexpected businesses and personalities start to acknolwledge Bitcoin existence.

Currently this downfall may find it's deep and begin to recover little by little, we never now what really is the plan behind and who's creating this artificial fall.

No relevant information connecting this point, Bitcoin is Bitcoin and it will stand and rise back!

Mankov

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Google:

Elon Musk SEC

There where already some cases.

Didn`t know that. Thought he is a good guy.

Now, my opionion about him changed 180 degrees.

notfairchild

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Something to learn today. You can't trust Musk, how come he has just figured it out about the impact of Bitcoin on environment? It was all planned.

thesmallgod

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That is to show you that the media have both positive and negative influence on the price of bitcoin. However, maybe because you are new to crypto. 12% fall just because of the Tesla tweet about bitcoin is not that big deal as you think. It will surely recover back

examplens

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Quote from: Jazzi Mahesh on May 13, 2021, 01:41:11 PM

Tesla has suspended vehicle purchases using Bitcoin, citing concerns over the cryptocurrency’s effect on the climate, the company’s CEO Elon Musk announced on Twitter.

I am curious, how many Tesla cars are sold using Bitcoin?
maybe there is no interest in his product, so it is not a big pity if he excludes Bitcoin as a method of payment.

Quote from: CryptopreneurBrainboss on May 13, 2021, 03:25:37 PM

I won't be surprised if we find out the government are behind this, those guys are capable of doing anything just to keep staying or having power over the mass which bitcoin is a threat in the eyes.

he just wants to manipulate the price to make a bigger profit for himself, which is already working with Dogecoin. There is nothing more than that.

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