Tesla destroys bitcoin :-[ - page 6.

CryptopreneurBrainboss

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Quote from: Ebede on May 13, 2021, 12:23:38 PM

Now i understand the concept of everything you are saying, this Elon is person that is against cryptocurrency, from what i read and understand about cryptocurrency, i found out crypto can not be destroy by any one even to manipulate it is not possible, this crypto everybody on Earth is talking today is a plan of one man which is Satoshi nakamoto and only him as i may think only him has the key of crypto,

Nobody has the key to cryptocurency or bitcoin to be more specific to just shut it down if that's what you meant by Satoshi having the key to bitcoin. If he was to resurface today, I doubt if he'll have much influence on the market unless he was to cause fud by dumping those 1million coin he mined early in the days, which will send a wrong signal of the founder of the biggest innovation in the 21 century dumping his plans.

Bitcoin is a community project that has constantly been improved by the community. It's the closest to decentralization we can ever get in the industry. In regards to the recent news from Tesla, I just believe it's an attempt to manipulate the market and nothing else.

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.

Streets 2.0

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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.

Altcoinsintel

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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.

It was closer to 21% drop if you count the recent top, which is double from what you say. Not something to shake me off though, however the lower low seems to be very important.

Jazzi Mahesh

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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.

Ebede

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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.

Now i understand the concept of everything you are saying, this Elon is person that is against cryptocurrency, from what i read and understand about cryptocurrency, i found out crypto can not be destroy by any one even to manipulate it is not possible, this crypto everybody on Earth is talking today is a plan of one man which is Satoshi nakamoto and only him as i may think only him has the key of crypto, the necessary documents belong to him also, so whoever that come in respect of destruction of cryptocurrency will have the format before anything, in summary it's not possible for the so called Elon to destroy crypto.

NeuroticFish

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Quote from: Welsh on May 13, 2021, 09:47:21 AM

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.

Well, most of the news I hear about Tesla is that they won't make the number of cars they planned or that they earn more from carbon certificates than from cars.
All in all, they're not where they should be, or would like to be, hence my statement.

Although the ideas are good, I don't see any breakthrough there. The industry still has its disadvantages because they still rely on overly expensive and ineffective batteries (for the job), although I don't deny that the cars do look good (not the truck though).

And Tesla is not SpaceX. And Tesla is not only Elon.

serjent05

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Quote from: DarkDays on May 13, 2021, 11:24:19 AM

It is an indirect effect but one that did start with Tesla. Unfortunately, only the strong hands buy in the dips while everybody else hurries to sell. hopefully the market stabilises soon.

We had seen this scenario so many times. And every time Bitcoin price collapses it bounces back reaching another all-time high. This is just a normal trading dip, nothing new, nothing to panic. Actually, we should be happy because Bitcoin is on sale with a huge discount.

DarkDays

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Quote from: TastyChillySauce00 on May 13, 2021, 08:05:57 AM

Trust me, panicking is the reason for dump to become more longer, it's just 10% dip and we're still around $50K, remember just few years ago bitcoin priced around $8K what's with all the fuss?
If the reason of the dump is truly because of tesla, for sure the market gonna be recovering once many people realize that they don't really need bitcoin to be accepted as payment method for buying tesla because it's just unnecessary at the first place and the market will be moving on.

The market started dumping as soon as Elon Musk tweeted about Tesla no longer accepting BTC payments. This in relation to the US stock market downing due to inflation has contributed to many panic selling.

It is an indirect effect but one that did start with Tesla. Unfortunately, only the strong hands buy in the dips while everybody else hurries to sell. hopefully the market stabilises soon.

Ecol

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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.

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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

He didn't kill Bitcoin; instead, he tarnished his reputation in the crypto world, and many of us, including myself, are now disappointed in him. It's clear that Elon Musk or his team didn't do any study on Bitcoin, and one of the fundamentals of cryptocurrency is to do your own research, which they didn't seem to do. They claim that Bitcoin uses a lot of energy, but in fact, a lot of energy is wasted on other non-sense stuff just to keep us entertained.

Besides, it's just a simple correction for me; I've seen a lot of dumps in the last few years, and I won't be scared by this simple dump.
Read this, BTC uses renewable energy. https://coinshares.com/assets/resources/Research/bitcoin-mining-network-june-2019-fidelity-foreword.pdf

Ridwan Fauzi

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That is a bad information for crypto currency sphere. Bitcoin has decreased a day ago and touched $46000 barrier. Seem like Elon Musk is trying to manipulate bitcoin price movement even for crypto price as a whole. Because there was a sign bitcoin price will fall since its pricd just failed to passed the previus all time high $65000 and that is why Tesla announched that they will remove bitcoin as a tool to buy their stuff. I hope there is no company which follow Tesla because it will give a bad effect for bitcoin price movement.

imstillthebest

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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 .

matchi2011

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Quote from: ubercool on May 13, 2021, 09:40:15 AM

Either you're completely new to the crypto market or you don't read and check the authenticity of all the news..
We have already seen more BTC going out of coinbase today as well as Micheal Saylor announcement of more BTC buying. This is nothing in a crypto market, it's just to shake people like you and another opportunity for rich people to buy more.

Indeed, those big whales see this as another good opportunities to buy more from those weak holders that being shaken
after seeing this market downfall.

You need to learn more deeper and enhance your skills in sorting news that affects or influenced the trends, don't let those
big investors to keep playing with your emotions, try to learn from them and succeed.

nightxglow

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He won't really destroy bitcoin, but well the news will surely make impact to the price. But still, everything doesn't revolve around tesla, don't make as if tesla will control everything. It's only one of the factors out there that can affect bitcoin, in fact, a lot more people will still invest and believe in bitcoin, without caring anything about tesla at all. Don't worry, bitcoin is not that weak, we should believe and stop making or following tesla, elon musk or others similar figures. Just believe in our own decision and thoughts.

pixie85

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

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!

Quote from: Trixoempire on May 12, 2021, 11:46:54 PM

If Death Note was real he would kill Elon for this nonsense.

Does this qualify as death threat? Cheesy

cr1776

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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

Is this another "Bitcoin is dead" moment? Some people are acting as if it is.

aysg76

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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

So bitcoin was dead before Tesla started accepting Bitcoin or Elon showing concern towards environment? Not at all.You should probably change your title beacuse Tesla or we can say that so called market manipulator Elon tried to create FUD about Bitcoin in the market.This is not the new thing as people panic sell their coins after such news and then incurr loss but most of the whales invest at this time to gain profits in the long run after recovery.You should not be shaken because Bitcoin will soon recover as it has been in the past and you will regret of losing the opportunity to invest at these times.Just check past charts if you any doubts and then understand these types of Fomo and FUD's about the market.Elon is following the same path as Tesla has already made huge profits by selling their fair share of investment and now dumping the prices to invest at cheap prices.

Findingnemo

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Quote from: NeuroticFish on May 13, 2021, 01:31:19 AM

Quote from: Findingnemo on May 13, 2021, 01:26:42 AM

Be a man not a stupid, Elon Musk is using everyone for his benefits.

Correct. I don't know what game is Tesla playing, but all this sounds against the logic of their previous investment: selling some and telling they sold, now no longer accepting Bitcoin ... it already sounds like they've sold more than they've announced and now they're dragging the price down to buy back.

On the other hand, I think that the last correction is more related to what happens on stock market than to this not-that-important announcement (since, let's face it, how many would give up Bitcoin for a car?)

It seems Elon already sold BTC to DOGE since he knows that these stupid investors will follow all of his words so he is going to hard dump the DOGE at some points.

Elon Musk also can be the possible reason why we see a 10K dump on BTC price but since the market is more bigger than Elon musk's influence the price will get back to its position sooner.

Welsh

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Quote from: NeuroticFish on May 13, 2021, 01:31:19 AM

Quote from: LoyceMobile on May 13, 2021, 01:23:01 AM

Bitcoin doesn't care about that ~~small~~ car manufacturer wannabe.

There, I've fixed it for you Wink

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.

ubercool

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Either you're completely new to the crypto market or you don't read and check the authenticity of all the news..
We have already seen more BTC going out of coinbase today as well as Micheal Saylor announcement of more BTC buying. This is nothing in a crypto market, it's just to shake people like you and another opportunity for rich people to buy more.

Topic: Tesla destroys bitcoin :-[ - page 6. (Read 1427 times)