TESLA will re-accept bitcoin & SpaceX owns BTC, said Elon Musk. Ready for pump ?

Sithara007

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Quote from: OgNasty on August 02, 2021, 04:20:12 PM

I need a new car. I had hoped to wait for the cybertruck but my dodge might not survive that long. I’d probably sell it and buy a low end model 3 if they accepted Bitcoin. Since they don’t, maybe I’ll look around for some fun electric motorcycle or something to bridge my time gap. Would love to toss a coin to my Elon for a 3 though.

Why EV always mean one from Tesla? Please correct me if I am wrong. Why the other alternatives are not even considered? I know that Tesla is having a better battery technology and a higher range (524 km on a single charge). But I have checked the specs of some of the competitors, and they don't seem to be that bad. Take the case of Ford Mustang Mach-E. It's range is almost 70% of that of Model S. And the price is less than half ($36K vs $80K) of that of Model S. Also, if you are a short-distance traveler, then you can consider a hybrid vehicle such as Toyota RAV4 Prime.

OgNasty

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I need a new car. I had hoped to wait for the cybertruck but my dodge might not survive that long. I’d probably sell it and buy a low end model 3 if they accepted Bitcoin. Since they don’t, maybe I’ll look around for some fun electric motorcycle or something to bridge my time gap. Would love to toss a coin to my Elon for a 3 though.

Kusman

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The pump we have all been waiting for has been happening recently. But I don't know if it's related to these incidents. Because Bitcoin is not being affected by these kind of news very much anymore. The market is getting stronger every day and Bitcoin is also. I'm quite content about this rise in the market lately. And I hope to see it continuing for a long time.

lixer

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Quote from: fullhdpixel on July 29, 2021, 11:16:44 AM

There could be some people who mistake it as a bull news and end up buying bitcoin and maybe caused this increase we are seeing these days, but it is not really something that is going to really get way too much attention, it is basically a short temporary thing that people will eventually realize it is not a big deal.

Don't get me wrong I am not against the fact that Elon Musk is doing something that usually helps us, of course there are times when he hurt us as well but that is a bit more rare, however the fact that he is leading in most cases is not really a good thing neither for any of us, it is really a horrible situation that caused us to end up with a horrible drop when we let him do whatever he wants.

I also wouldn't want someone as crazy as him taking the charge neither, if the whole world sees bitcoin and crypto as something "yeah that Elon musk thing?" then I would be very upset about it since dude is a very spoiled brat that took whatever he wanted thanks to his daddies money, meanwhile most people I know in crypto are people who worked really hard to get where they are today.

Luqman

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Quote from: JillianTaft on July 22, 2021, 02:11:04 AM

What Musk said is no longer valid.

Valid or not, it doesn't matter. Whatever he said, not to support crypto community. Don't be too happy even he said sweet words or something promising for crypto future. I am not sure if he did it all for crypto existence, but he just tries to take advantage of crypto. He can change his mind any time, don't believe if he said to re-accept Bitcoin.

Quote from: JillianTaft on July 22, 2021, 02:11:04 AM

I will never buy any Tesla or Elon products in my life.

It is not a must to buy Tesla and Elon's products. I also never dream to buy them, not really necessary for me. There are a lot of car brands offering cheaper prices and using non-electric power. In my country, electric cars cannot be used since there are no public places to charge for car electric power. Spending money on Tesla will be a stupid decision.

Slow death

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it seems that lately the market has become very sensitive, anything is why people buy or sell, I miss the times when the news did not have much impact on price, since paypal made the announcement that it would be accepting bitcoin this market started to react It's fast to any news so much and that elon musk entered the scene and managed to manipulate the market when he wanted, now came false news from amazon where it made the price increase a lot. we are in pump and dump times

Quote from: STT on August 01, 2021, 02:36:11 PM

If Elon Musk or Tesla were the only reason to buy now or any other time it would be false.

now even fake news about amazon can make the price increase a lot

STT

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If Elon Musk or Tesla were the only reason to buy now or any other time it would be false. If the market rises just for this reason its actually going to end being a sell because all that positive is just theoretical in the future and its not enough to support the price. What Tesla actually would represent is the whole idea that any business could employ BTC in their balance sheet to some use, if thats true its a big deal and change for something that started off in someones garage as a project but so did Google and alot of other commonly used products. I think the story for BTC is alot less managed, more volatile and prone to upset part of which is Musk and his memes being completely unreliable; I wont be surprised when he scales out at some price some of the position because it was more risk to have then he realized and he felt the pressure.
I'm a bit cynical but I'd call it realism, he says he will use it and the environmental thing is mitigated enough and when price rises he sells enough that his balance sheet is less effected. That would just be a company action to expect imo.

Silberman

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Quote from: stadus on July 31, 2021, 04:25:20 PM

Quote from: Miaallen on July 29, 2021, 04:14:51 AM

A lot of guys in the Cryptocurrency world are tired of Elon his and that. I am just looking forward to a cryptocurrency community that doesn't give a damn about Musk's opinions on certain cryptocurrencies before they invest into or a time when his support for a crypto doesn't amount to greater accessibility.

Not everyone is really following Elon Musk, as you said, a lot of guys are tired of him anymore, these are the people who followed him and realized that they are just riding the hype without a good future potential. Bitcoin has been successful already before Elon Musk made an announcement about Tesla's acceptance, so it should not all be attributed to Elon as there's more adoption that would result in real demand for bitcoin in the future.

It is true that there is a lot people that are getting sick of him because they can see very clearly that he doesn't really care about this market, he only cares about himself and what he can get out of this market and while that by itself is not wrong because most traders are going to have that very same mentality, at the same time he is not above about using every single resource he has available and exploit it and this means that he's using newbies all over the market in order to increase the benefits for himself.

Jating

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Quote from: stadus on July 31, 2021, 04:25:20 PM

Quote from: Miaallen on July 29, 2021, 04:14:51 AM

A lot of guys in the Cryptocurrency world are tired of Elon his and that. I am just looking forward to a cryptocurrency community that doesn't give a damn about Musk's opinions on certain cryptocurrencies before they invest into or a time when his support for a crypto doesn't amount to greater accessibility.

Not everyone is really following Elon Musk, as you said, a lot of guys are tired of him anymore, these are the people who followed him and realized that they are just riding the hype without a good future potential. Bitcoin has been successful already before Elon Musk made an announcement about Tesla's acceptance, so it should not all be attributed to Elon as there's more adoption that would result in real demand for bitcoin in the future.

And bitcoin enthusiast are not that dumb, we have seen what Elon Musk is up to so now we stay away from his tweets as we grew tired of his antics specially when he suddenly made a u-turn against BTC. So we really can't attributed the current rise of the price to him. Investors suddenly pour their money in the last 10 days resulting to a massive increased in the price. And even after his meeting with Jack Dorsey, we didn't see enough push. So lets forget about him for a second and look in the future, adoption will be coming in the next 2-5 years.

stadus

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Quote from: Miaallen on July 29, 2021, 04:14:51 AM

A lot of guys in the Cryptocurrency world are tired of Elon his and that. I am just looking forward to a cryptocurrency community that doesn't give a damn about Musk's opinions on certain cryptocurrencies before they invest into or a time when his support for a crypto doesn't amount to greater accessibility.

Not everyone is really following Elon Musk, as you said, a lot of guys are tired of him anymore, these are the people who followed him and realized that they are just riding the hype without a good future potential. Bitcoin has been successful already before Elon Musk made an announcement about Tesla's acceptance, so it should not all be attributed to Elon as there's more adoption that would result in real demand for bitcoin in the future.

Silberman

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Quote from: janggernaut on July 28, 2021, 07:04:48 AM

Quote from: Silberman on July 26, 2021, 11:25:59 AM

The damage to his reputation is done, quite honestly unless he can sign an address containing all his coins I am not going to believe he is holding any coins because his actions do not make sense otherwise, he sold that 10% to see if he could do it without crashing the market, once he knew this was the case he sold his stash and then bought again after he created a lot of FUD and the price went down, so I do not real care if Tesla is accepting bitcoin or not, he manipulated the market and made it crash so many people will make an effort to avoid his products in the future.

Whatever you and others said about Elon, either he manipulated the price, shilling with it, or whatever he did, remember, he was the one who make bitcoin price rose so high atm. Even if you have 1000 btc, people won't buy or even don't care about it. You and almost all people on this forum (inc me) are nothing compared Elon. He has "power" to make people believe him and then they started to buy btc and btc will be skyrocketed.

I agree that his power his tremendous but at the same time the more he uses his power the more people will realize that he is manipulating the market, and obviously people that have a lot of experience in this market are not going to fall for his tricks, but there are so many newbies brought by the bull run that we experimented that they think they can earn money by following him, not understanding that Elon is just using them and will discard them as soon as he can make even more money on this market at their expense.

fullhdpixel

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Quote from: dezoel on July 29, 2021, 03:47:16 AM

If people still believe that this increase is due to Elon talking about these things then I have nothing to tell you anymore. I am not guaranteed to say that it is because of him or not, I can't give data why people end up buying bitcoin, not like we can ask every single person who bought bitcoin in the last week why they bought it. However even if, EVEN IF, it was all because of him, we should not say this, we should not talk about it, we should not give him the right to manipulate the market however he wants.

Why do most people think that Tesla accepting bitcoin will make bitcoin go up? I mean it is basically the bitcoin that was already bought changing hands, what makes bitcoin go up is people end up buying bitcoin and in this scenario there are nobody buying bitcoin, just bitcoin owners giving their bitcoins to Tesla instead of keeping it themselves. This is why I honestly think that Tesla accepting bitcoin is not a big news and it will not make bitcoin change anything at all, it will not even move in price at all, it is totally useless information.

There could be some people who mistake it as a bull news and end up buying bitcoin and maybe caused this increase we are seeing these days, but it is not really something that is going to really get way too much attention, it is basically a short temporary thing that people will eventually realize it is not a big deal.

geegaw

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Quote from: Hippocrypto on July 28, 2021, 11:33:53 PM

Whatever the announcement that they made from tesla or from Elon Musk, it's very important to do fact check in everything. Ready for pump or not, that still depends with the market because investors nowadays were to tricky about their moves.
Those news that tried to create a hype like this, has no good outcome in terms of Bitcoin's price but rather caused some panic due to main stream media news exaggeration.

Give up checking and skimming all the information then go with your instincts, a clown is deliberately doing a circus and borrowing our powers to make things bigger, interfering with their show will cost us a relatively large amount of money because of their popularity, instead of becoming part of the clown's network, I give up this faithful role and return to my true self. Independent of analysis and obviously the pump is not renewable by Elon Musk, it reproduces by volume, desire and belie

Miaallen

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A lot of guys in the Cryptocurrency world are tired of Elon his and that. I am just looking forward to a cryptocurrency community that doesn't give a damn about Musk's opinions on certain cryptocurrencies before they invest into or a time when his support for a crypto doesn't amount to greater accessibility.

dezoel

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If people still believe that this increase is due to Elon talking about these things then I have nothing to tell you anymore. I am not guaranteed to say that it is because of him or not, I can't give data why people end up buying bitcoin, not like we can ask every single person who bought bitcoin in the last week why they bought it. However even if, EVEN IF, it was all because of him, we should not say this, we should not talk about it, we should not give him the right to manipulate the market however he wants.

Just because this dude said bitcoin and doge is awesome we should not seen that huge increase at the time, just because he said bitcoin is bad for the planet we should not have sold it, and just because he decided to re-accept it doesn't mean we should increase it again. All of these are manipulations and allows him to tweet whatever he wants to make the most money he could.

Hippocrypto

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Whatever the announcement that they made from tesla or from Elon Musk, it's very important to do fact check in everything. Ready for pump or not, that still depends with the market because investors nowadays were to tricky about their moves.
Those news that tried to create a hype like this, has no good outcome in terms of Bitcoin's price but rather caused some panic due to main stream media news exaggeration.

rodskee

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Quote from: Sithara007 on July 27, 2021, 11:10:20 PM

His millions of followers may still worship him, but I don't think that anyone in the cryptocurrency sector takes him seriously anymore. He had his chance to earn the respect from tens of millions of cryptocurrency users and we thought that he was different from the other billionaires like Buffet and Gates.

He earned the respect of crypto community but that is in the past before he shows his true identity as troll and clown.
making statements here and there with two different meaning and different approach.

Quote

But in the end he turned out to be even worse than them. If he wanted to opposed BTC, then he could have done that from the beginning. I felt like it was a stab from behind, when he initially spoke good about Bitcoin and then reversed his stance in a few days saying that the energy consumption is too high.

He did not opposed btc completely and that is the shitest thing he does, because every word he delivers towards bitcoin is a clear strategy of cleaning his name so if at some point he detract the statements he will comes clean again because of the slight different meanings.

Wilhelm

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Yeah let's listen to a dude that put a car in space about renewable energy.
And Teslas still require a fossil fuel powerplant to operate.
But out of sight is out of mind.

If Elon was a true renewable energy guru then he would immediately stop tesla products from being sold in the US because only 20% of US power is renewable.

Apparently he only holds bitcoin to a higher standard

janggernaut

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Quote from: Silberman on July 26, 2021, 11:25:59 AM

The damage to his reputation is done, quite honestly unless he can sign an address containing all his coins I am not going to believe he is holding any coins because his actions do not make sense otherwise, he sold that 10% to see if he could do it without crashing the market, once he knew this was the case he sold his stash and then bought again after he created a lot of FUD and the price went down, so I do not real care if Tesla is accepting bitcoin or not, he manipulated the market and made it crash so many people will make an effort to avoid his products in the future.

Whatever you and others said about Elon, either he manipulated the price, shilling with it, or whatever he did, remember, he was the one who make bitcoin price rose so high atm. Even if you have 1000 btc, people won't buy or even don't care about it. You and almost all people on this forum (inc me) are nothing compared Elon. He has "power" to make people believe him and then they started to buy btc and btc will be skyrocketed.

Obito

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Quote from: Sithara007 on July 27, 2021, 11:10:20 PM

His millions of followers may still worship him, but I don't think that anyone in the cryptocurrency sector takes him seriously anymore. He had his chance to earn the respect from tens of millions of cryptocurrency users and we thought that he was different from the other billionaires like Buffet and Gates. But in the end he turned out to be even worse than them. If he wanted to opposed BTC, then he could have done that from the beginning. I felt like it was a stab from behind, when he initially spoke good about Bitcoin and then reversed his stance in a few days saying that the energy consumption is too high.

Even if the cryptocurrency community won't take him seriously, that is still a million followers and even a hundred thousand of those followers can be enough to move the market plus it's not like the community is a hive mind that won't believe what Elon says, some of them will see the benefit of this trend that Elon made.

Topic: TESLA will re-accept bitcoin & SpaceX owns BTC, said Elon Musk. Ready for pump ? (Read 705 times)