Tesla will accept $ because they're environment friendly

virtualdn

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Quote from: bryant.coleman on May 16, 2021, 09:00:16 AM

Quote from: gabriela1999 on May 16, 2021, 08:33:09 AM

He is like a clown. Manipulate the market to bring about your own profit. This is so embarrassing as a world billionaire. I think someone has paid for Elon so he posted the tweet lines that shake the market.

If he could manipulate the market with a few tweets and make billions out of it, then I wouldn't call him a clown. I would rather call him superman. It took Warren Buffett many decades to make the amount of money that Elon Musk made in a few hours with his manipulation of the cryptocurrency market. IMO, he is one of the most intelligent billionaires out there and I won't be surprised if he becomes the richest person in this planet very soon. That said, I don't think that what he is doing is something very ethical.

The guy is a clown there is no doubt about it. Also his bipolar behavior is very unpredictable. Mix that with a narcissistic ego and you have a bomb cocktail. Many will get burned with this guy, it's just a matter of time.

MFahad

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Quote from: virtualdn on May 13, 2021, 05:46:35 AM

Honestly guys, this guy Elon is a bad joke. He acted like a 10 years old kid, buying BTC and then realizing these are not good for the environment, he is making fun of all planet and treats us like...

I've lost my last grams of respect for this guy, he will never be for me anything more than a bad joke, a manipulating narcissist.

There it is, enough, the news is Tesla will accept $ because they're environment friendly. I'd never buy a Tesla car in my life even if they will accept carrots as a form of payment (which are environment friendly of course).

Tesla cars are already too much expensive to buy Wink

He wanted to stop accepting bitcoin for tesla and he used a baseless argument to quit bitcoins. Tesla shares are going down since the day he has done this tweet.

bryant.coleman

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Quote from: gabriela1999 on May 16, 2021, 08:33:09 AM

He is like a clown. Manipulate the market to bring about your own profit. This is so embarrassing as a world billionaire. I think someone has paid for Elon so he posted the tweet lines that shake the market.

If he could manipulate the market with a few tweets and make billions out of it, then I wouldn't call him a clown. I would rather call him superman. It took Warren Buffett many decades to make the amount of money that Elon Musk made in a few hours with his manipulation of the cryptocurrency market. IMO, he is one of the most intelligent billionaires out there and I won't be surprised if he becomes the richest person in this planet very soon. That said, I don't think that what he is doing is something very ethical.

gabriela1999

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He is like a clown. Manipulate the market to bring about your own profit. This is so embarrassing as a world billionaire. I think someone has paid for Elon so he posted the tweet lines that shake the market.

Sanugarid

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Quote from: virtualdn on May 13, 2021, 05:46:35 AM

Honestly guys, this guy Elon is a bad joke. He acted like a 10 years old kid, buying BTC and then realizing these are not good for the environment, he is making fun of all planet and treats us like...

I've lost my last grams of respect for this guy, he will never be for me anything more than a bad joke, a manipulating narcissist.

There it is, enough, the news is Tesla will accept $ because they're environment friendly. I'd never buy a Tesla car in my life even if they will accept carrots as a form of payment (which are environment friendly of course).

You guys should be well aware that Elon Musk is trying to manipulate the market price of BTC and if he's capable of pumping BTC just by his tweets, then we should always keep in mind that he can dump it any time he wants. Majority of investor in BTC follows the market trend and I think he's trying to take such opportunity into profit.Well, its not like he cares about BTC, it's all about profit and image after all

Ararbermas

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Quote from: AB de Royse777 on May 13, 2021, 05:52:16 AM

So everyone is blaming Elon now. My question is what would you do if you were filthy rich like him and you knew that it's easy for you to manipulate the market? What would you do if you knew that one positive tweet from you will skyrocket the market and one negative tweet will crash the market? I think you would do the same.

of course i will do the same.. But this guy elon is different and so very brilliant guy because he alway believing that using his tweet/post he can easily convince ppl to follow his path, and that is to manipulate the market up and down immediately . But how can you assure ppl around the internet will follow according to your plans if you do the same like what elon's doing ? I think its impossible and i know this elon is not alone except his fellow friends in social media.. Wherein for sure he has billionaire friends also like him that's why market always pump and dump after he post/tweet on social media.

Leviathan.007

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Elon Mask is not acting like a 10y old kid and Tesla is not trying to be environment friendly at all. Actually, for people like Elon Mask growing his money is really important. He is saying bitcoin will consume too much energy and it's not environment friendly while they accept fiat and fiat is damaging the environment much more than bitcoin. He is actually very smart and by he know his tweets can effect the market so he will try to manipulate the price by tweeting. Whenever he feel like it he will make positive tweets and make the price rise and whenever he wants he will write negative tweets to make the price fall is short term. However, bitcoin is much bigger than this and people like Elon Mask who abuse people will make only temporary effects.

decodx

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It is unfortunate that Musk called his company "TESLA".
Nikola Tesla was was a great inventor and futurist whose dream was to provide free energy to everyone on earth. It was an idea based on physics and the energy of nature that he considered to be a main source of the endless supply of electricity, which would be able to provide power at any time, anywhere. Unfortunately, having been misunderstood at the time, his research never got past the development stage, as he died in January of 1943 in a small hotel room in New York, alone, rejected and poor.

Musk could learn a thing or two from the life of this great man.

ampu

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Elon Musk is very crooked to have stopped accepting Bitcoin when in February his company bought $1.5 billion and added Bitcoin as payment. Tesla took a $250 million profit at the end of April when Bitcoin peaked at $65,000. I don't think his company bottomed out so soon when the news broke that it stopped accepting Bitcoin.
Apparently, their behavior is market manipulation. Elon Musk has traded his reputation for money and caused many people heavy damage.

zanezane

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What are we gonna do if he suspends it? Our whines won't do anything to change his mind, maybe he has a business plan that involves selling green energy and the reason for quitting in the market is so he can sell it to the mines around the world, kind of like taking his hiatus in the market as a hostage and I am sure that people are going to buy it.

Yogee

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Quote from: pixie85 on May 13, 2021, 05:02:46 PM

Quote from: Yogee on May 13, 2021, 12:32:31 PM

Quote from: pixie85 on May 13, 2021, 12:14:40 PM

...
As far as I know it's illegal to manipulate the market like he did.

He bought BTC, tweeted about it, price rose, he sold, tweeted that he doesn't like it anymore, price dropped.

Cryptocurrency market is not regulated like stocks so I doubt he'll be indicted for tweeting about what Tesla did. The company bought BTC and we found out about that when they filed a report. The company also announced accepting BTC as a payment method. Lastly, they decided to suspend it and willing to resume after bla bla bla.

Those who got caught by the dump may feel cheated but it's also their fault for speculating and buying from someone's tweet.

The company has a CEO who is held responsible.

Musk bought BTC and Doge privately as well and used the company to pump his private investments.

Assuming that he bought privately, is there any specific policy that prohibits Elon from buying cryptocurrencies that his company also buys? Do you have any proof that he also forced Tesla to convert part of their assets to BTC without board approval so he could also pump his bag? I'm looking for strength in your argument that he illegally manipulated the market.

macson

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Quote from: Charles-Tim on May 13, 2021, 06:12:13 AM

Quote from: Kittygalore on May 13, 2021, 05:54:55 AM

I don't get the reason though, I mean bitcoin uses the same electricity as any household or factories which means that bitcoin isn't the reason why there is high emissions, the real problem is the energy source, I have seen a few users say this and I do agree that it is true because if we still use fossil fuel and oil, it won't make a difference if the activity of bitcoin is reduced because we are still emitting pollutants.

Elon musk knew about PoW Bitcoin mining and electricity cost before (or can he tell people that he did not know that bitcoin mining uses electricity), he just want to manipulate the market and likely find Doge to be the coin to use.

The screenshot of Elon's conversation with Jack on Twitter clearly shows that Elon knows quite a bit about Bitcoin mining. with him continuously pumping Doge~~shit~~coin, i'm 100% sure Elon wants to make Doge~~shit~~coin an environmentally friendly cryptocurrency that Tesla accepts Cheesy

Vishnu.Reang

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Quote from: Amph on May 13, 2021, 03:25:10 PM

wake up he just did it so he can buy cheaper bitcoin now...

Nope.. it looks as if he is done with Bitcoin. Tesla has made around $1 billion in profit from Bitcoin after their investment in January 2021. Now they will probably repeat the same with Dogecoin. But I strongly suspect that eventually Elon will come up with his own cryptocurrency. All this drama about high electricity usage is just an excuse to dish out his own version of cryptocurrency. At least for a brief period, I have to admit that Elon successfully managed to fool everyone here in the cryptocurrency sector.

Alucard1

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Well that is how Elon Musk can do in the market, being Elon Musk, as one of the richest man in the world, he can really manipulate and persuade a lot of beginners in the world of crypto, so they keep on doing such things because of his own benefits, he just keeps on pushing Dogecoin to the moon and we cannot blame him just because of that, he is just doing things that will help him and his company as well. We can also earn some money by what he is doing just like me, I already earned huge profit from investing in Dogecoin, I wouldn't invest it in the long term because I don't think that manipulated coin would not be too good in the future, but at least I got benefits from the current situation.

Wind_FURY

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Bitcoin actually saves the electricty/energy companies from wasting energy/electricity, and it only uses 120 TWh every year from the 160,000 TWh generated, which 50,000 is wasted every year.

Electricity/energy wasted is electricity/energy NOT USED. Because the large amounts of electricity generated can’t simply be stored. We don’t have the technology to store large amounts of energy.

https://twitter.com/BTC_Archive/status/1391747174950752260

Quote

Bitcoin Energy Consumption:

The world produces 160,000 TWh every year. 50,000 TWh is wasted.

#Bitcoin uses 120 TWh.

AB de Royse777

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Quote from: DoublerHunter on May 13, 2021, 03:02:41 PM

Quote from: isaac_clarke22 on May 13, 2021, 02:21:01 PM

Quote from: AB de Royse777 on May 13, 2021, 05:52:16 AM

~

Guess celebrity will always be celebrity. Still like a normal person you can come across everyday.
Agreed that it is people's reaction that affected the market. They let someone else get into their heads and decided to do the same as the said person. While we can't blame people because anyone would have that hidden dream to be as rich as Musk, but they're being driven that easily.

^ Like what? I don’t really think that he is being reasonable at this point.

Obviously he is not reasonable at all. Clearly he is manipulating to make his bag heavier. But I do blame him for doing that. It's human nature to make gain, to take opportunity. I blame those who are buying when he is making a positive tweet and selling when the market is crushing. People need to learn and use their own judgement, do their own due diligence before making any investment. Do not respond to a hype.

dikistutmazsabri

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I am of the opinion that elon musk is extremely silly. First it was surprising to me that he gave so much support to bitcoin and bought bitcoin and suddenly he thought that bitcoin was harmful to the environment. If so, how did he not notice this before? did that come to mind overnight. I feel like something is happening that we don't know. This behavior affected the cryptocurrency market considerably.

pixie85

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Quote from: Yogee on May 13, 2021, 12:32:31 PM

Quote from: pixie85 on May 13, 2021, 12:14:40 PM

...
As far as I know it's illegal to manipulate the market like he did.

He bought BTC, tweeted about it, price rose, he sold, tweeted that he doesn't like it anymore, price dropped.

Cryptocurrency market is not regulated like stocks so I doubt he'll be indicted for tweeting about what Tesla did. The company bought BTC and we found out about that when they filed a report. The company also announced accepting BTC as a payment method. Lastly, they decided to suspend it and willing to resume after bla bla bla.

Those who got caught by the dump may feel cheated but it's also their fault for speculating and buying from someone's tweet.

The company has a CEO who is held responsible.

Musk bought BTC and Doge privately as well and used the company to pump his private investments.

My bet is he's going to keep doing it with other coins. First he buys something else like Cardano, tweets about it o pump it and sells with a profit, then he decides he's going to build a new Tesla power plant to mine Bitcoin so that it's eco friendly again.

The only funny part in all this is Tesla's stock has been dropping like a rock for the last few weeks. Maybe the board spanked him for touching crypto? Cheesy

Shasha80

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Quote from: ?? on ??

he will not stop to always develop strategies to enrich himself with the business he is running and involves cryptocurrency. why not from the start if he could infer Bitcoin's bad effect on the environment. I think Elon's strategy this time is to make billionaires hesitate so that they can't get Bitcoin at a cheap price like it is now before he can get it first to be able to accommodate it in large quantities.

Yes it's all a marketing ploy by Elon Musk to buy cheap coins by creating negative news to cost a market downturn. I believe tesla researched about Bitcoin before they made those investments. They already knew about it for a fact. They bought bitcoin, sold 10% at the top, announced it. Then market crash. Then rinse and repeat again while adding to his doge coin bag which he would tweet and pump after the correction ends. Bitcoin might be POW but majority of miners use renewable energy.

Elon Musk made negative news after Tesla took profit when Bitcoin price was at its peak. This is very visible Elon Musk wants the price of Bitcoin to fall,
then Tesla can buy more Bitcoin at a low price. And proven successful, now the Bitcoin price has fallen to a price below $ 50k. I'm not surprised Elon Musk
did that, because he is indeed an businessman who is always looking for profit by doing various kinds of marketing strategies.

dotherightthing

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it's a sad fact, but until we have nuclear/green power world wide, crypto mining usage is bad for the environment. pow, its greatest strength is its greatest flaw. you guys should have seen the writing on the wall a long time ago that this was inevitable. I still love bitcoin but it is what it is. the good news is, bitcoin is far from done.

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