Topic: Who says Tesla initiated last bull run is wrong (Read 369 times)

I have no idea who that guy is but I wouldn't give him any visibility because tweets like that are clearly meant to simply create a debate in order to get more interactions and thus more exposure, no matter whether it's good or bad. We really need to get rid of this stupid idea that cryptos, or bitcoin at least, have anything to do with Elon Musk or Tesla, we are way bigger than all that. We don't need them.

Well, there may be a possibility that if Tesla is one of the whales or one of the companies that holds up a huge amount of bitcoin, their movement can affect the market's movement also, but of course there is no concrete proof that they are the ones that cause the bull run, and even identifying which or what aspect affects the bull run, we can't do that or kmow that because that is the complexity of bitcoin. Even I don't know how or what factors will trigger the bull run, because if we kmow, we would abuse it. Of course, the thing we only know is that there is a certain period of time where we can anticipate the next bull run. The next question is: what if the bull run does not come at the anticipated time? What will happen to its investors? Will they be upset, or will that be the start of the downfall of bitcoin? We never know until it happens.

Well, it's about on how they see the influence of the company and Elon himself. So if Tesla is still holding a lot of Bitcoins and that makes someone have his confidence over holding Bitcoin then we can't blame him for doing that. If that's the capacity of his research and don't understand the common things about Bitcoin like the halving that has happened and impact that it has brought to the market, that person needs to do his/her own research before having a conclusion on whoever started the bull run. Maybe initiated it in a manner that have attracted retail investors and have seen the impact of what they do but that's just it. And in the long run, it's the actual effect of the halving and usual supply and demand.

You reckon Elon Musk and Tesla single-handedly launched Bitcoin to the moon last year? Nah, that's a bit like blaming the squirrel for the whole darn forest fire. Sure, they threw some gasoline on the flames with their big Bitcoin buy-in and all that Twitter hype, but there was a whole lot more going on. Big institutions were dipping their toes in the Bitcoin pool, folks were flush with cash thanks to the government printing money like crazy, and everyone and their grandma was suddenly a crypto expert. It was a perfect storm of factors, and Tesla was just one ingredient in the mix.

Tesla and Musk were definitely party starters. Their big Bitcoin buy and all the hype around it definitely got people excited. But then, things got messy. Tesla stopped accepting Bitcoin, China cracked down on crypto, and the party atmosphere kinda fizzled out. The real lesson here? Don't get caught up in the hype, whether it's a celebrity tweet or the latest hot investment. Do your own research, understand the risks, and remember, even the wildest parties eventually come to an end.

They are just playing manipulative role their since we see them trying to hype up but at the end they will end up trying to create something that can make people panic. That's why I don't believe on those people that Tesla play a huge role for that pump happened before. If they are out on the scene for sure we can still see bitcoin to rise since there is more legit institution that supports bitcoin and will not do what Elon Musk do.

He transfer on Doge because he know he can easily manipulate people there and he will don't need to spend a lot more since Doge market is quiet easy for him to manipulate. And look what happen now he abandon or stop hyping those coins because he's done milking it and for sure in future he might announce a new coin to support again.

I think that, with Bitcoin, bull runs and bear markets just happen, they don't need anyone or anything to happen. But some events can give a little push in this or that direction. The news about Tesla investing $1.5 billion into Bitcoin date back to February 7-8, 2021. There's a clear sharp spike on February 8-9, when the price went from $38,833 to $46,300 in a matter of a day. That spike, I believe, can be directly attributed to the Tesla news. So Tesla didn't initiate a bull run, but it gave it a push forward, just like it gave a push in the opposite direction when Musk announced backing away from Bitcoin.

With tesla or not, Bitcoin will always react when the timing is right, halving season and the four year cycle of Bitcoin is all that matters, every other jagons are just a plus, probably for people that believe in them, but not me, hype is real in crypto space but Bitcoin movement is all crystal clear in the charts.

Another thing that contributes here at least is excess money printing and Fed cut rate, but it all still goes along very well with the cycle movement of Bitcoin like perfect time, just like the upcoming US election but all these things are just a plus for me, I don't know about anyone else.

I remember that Tesla CEO pumped Doge so much, I believe that was his focus at the time, so we can say that him talking about Doge makes the coin to come back alive even stronger, I was one of those who use to believe that Doge coin will remain one of the cheapest old crypto coins but I was wrong, and that's Doge coin, not Bitcoin.

At that time, Musk wisely took advantage of the situation and caught this wave of hype, and at that moment he became “one of the people” for the community, simultaneously advertising Tesla and all his other projects received a huge portion of advertising and recognition. Many users wanted to see another crypto enthusiast in their idol, but it turned out as usually, the media often wrote news and often made up tall tales, several years have passed and where is Musk now? He’s still busy with his projects and he doesn’t care about crypto.

I definitely think that the last bull run was not started by Tesla and Tesla didn't contribute to a serious acceleration in the bull run. The reason for this is that, although there isn't a very high transaction volume in the cryptocurrency markets compared to other financial markets, no single company can have an impact on new money inflows to the cryptocurrency markets. Yes, perhaps Elon Musk has the opportunity to create a movement in the markets due to his manipulation power as well as being the largest shareholder of a company like Tesla but still the power of a company owned by Elon Musk alone will not be enough to start a bull period.

On the other hand, if we consider the previous bull markets, we shouldn't forget the fact that we have always seen very serious bull runs with the inflow of money into the cryptocurrency markets, this money flow is achieved with a big scenario and companies can only help this movement to occur more rapidly. In other words, a small acceleration may have been created by Tesla during the bull period but it wouldn't be correct to claim that the last bull period was started by Tesla.

I remeber that Time very clearly and they didn’t initiate the bull market because it was already rallying however when word got out that they bought $1.5B it started a huge pump. Bascially people were copying what Elon was doing and were borrowing money to buy bitcoin and doge coin.

And when he had the SNL it marked the top of Doge. Because he didn’t pump it as people expected and when he removed the option of using bitcoin to buy teslas because it used non renewable energy the price started to decline. Then when he started to sell it got worse.

These crypto youtuber twitter medium influencers always talking out of their own ass, but unfortunately newbies trust them because they see large following and maybe some displays of wealth and think that a person is a financial guru. This guy is also likely an Elon Musk fanboy which makes his opinion even less valuable, especially an opinion involving Tesla.

I can't agree more with you because a bull run is not triggered by only one or two factors, back then as you already mentioned, the bull run started due to halving, and institutional adoptions, but Tesla's involvement was also a good factor because they invested a whopping amount of $1.5 billion dollars in BTC. And that news really triggered the price and we all know some factors take some time to impact the market. Just like now, ETFs do not have an instant positive impact on the BTC price, but when BTC crosses $80 or maybe reaches $100k people will still say ETF's adoption was the main factor that initiated the bull run.

While that's not true, the real player/reason is halving, if halving is not there then I don't think we would see a bull run after equal intervals of time, it might become hard for us to judge the market in the short and long term as well. Things might become hard but I can say Tesla initiated the last bull run but if I say only Tesla initiated the last bull run that would be wrong. What do you think?

PS: I never said in past that Tesla initiated Bull run.

the bull run starts itself from the year to halving and ends at the ATH
its the market cycle

as for temporary events.. such as speculative FOMO and FUD
the elon drama was in early 2021 not 2020.. and initiated by media announcing the SEC filing. rather than elon first

drama of the start of 2020 was covid

Elon didn't caused the Bull run, rather he contributed to it. Given the nature of the Bitcoin market, it is almost impossible for a single company or a person to manipulate the price to a great extent. The Bull run was a cumulative effort of many people or organisations. There was also a great amount of positivity around the market due to halving as well.

Also if I am not wrong, Elon wanted to promote Doge over Bitcoin and he was succeeded to a great extent. Elon himself made millions using the influence of his Twitter account.

Yes you got the point all they did was they played very smart and they knew that post halving there would be bull run and they just leveraged that advantage and played manipulative games like initially stating they will accept Bitcoin as payment,  later making an U turn and whatever Elon Musk has done with crypto is a big gamble wherein a group of people gained immense wealth wherein others lost it. But at the end Elon Musk gained as he bough at less and made headlines when the prices soared he dumped it and dissociated himself.

I believe Tesla just played a very manipulative role as they didn't solely initiated last bull run but they cashed in at the right moment and made people believe that they would accept Bitcoin as payment which created FOMO and they cashed out at the right moment and tried burying Bitcoin. We cannot believe anything Elon Musk states as we already witness the state of Doge which was once considered to break $1. Big businesses just look for benefits and take advantage of situations.

Ops one significant event in Bitcoin history should be El Salvador's Bitcoin adoption a and I expected that to appear as one of the significant events that affected the price of Bitcoin at one point or the other.

Secondly, we should know that,  both Tesla Elin Musk and what have you have no role in the Bitcoin market and pricing at some point,  although there may be short-term Bitcoin market forces and cause of volatility but then afterwards,  bitcoin will always correct back to its previous price,  and possiblyall-timee high.

For me I would sum up and say whale movements and speculation on the media, did more to affect the price of Bitcoin at the time or started the bull run and of which, Tesla was one one the whale investors with a better share of crypto currency investment well worth over millions of dollars in value.
I learnt then of how Elon Musk stopped accepting BTC as payments for Tesla electric cars then and it was after liquidation of a huge chunk of crypto asset, if not all, that BTC gained much attention and investment still.

Although it was a manipulative show by Elon who would then advertise Doge coin as his new found interest, he sure put a lot of spot light on cryptocurrency and dominated the media space and news channels until he acquired Twitter among other businesses and investment that caused the media stir.

Since associated with Elon Musk, people probably thinks that anything Elon Musk advertises must have good value hence why i am sure the moment Tesla accepted bitcoin more people got interested and trusted bitcoin

While i agree that tesla had some impact on bitcoin’s price it is far away from being the driving factor of the bull run people who say that it was what initiated  bull run are delusional especially knowing that the previous halving happened during that time

I think he contributed to the bull market because of the coverage that Elon does especially in the SNL.  I think the media can manipulate just whichever they want the market to go. It's always about informing the public what is going on.  If the media does not mention Bitcoin on TV or in the news, the public will not make a big fuzz to check into it.

If the media announced it on TV Blackrock and SEC already have approved spot BTC ETF and explain the significance of it, it would make a piece of news but so far nothing has been said about that news on mass media. But they made it mixed with the fake announcement.

No, I talked about 2020 and 2021. I am not saying that Tesla did not contribute, but did not started the bull run.

Bitcoin all-time-high since 2017 was in November 2020. It got to $29300 in December 2020. It got to $41950 in January 2021 before it fall and Tesla drama began.

What I said is that Tesla did not started the bull run, it is very wrong that Tesla started it. Can we say the media helped? I will say they also contributes but not in relation to Tesla that started the bull run. The bull run started in 2020.

I think they played a part. After all they bought a lot of bitcoins back in 2020, which pumped the price of bitcoin drastically. Whether you think they caused bitcoin to pump or not you gotta give credit where it is due as they played a role in bitcoin's rally 3 years ago, although of course, we know they only did so because they were trying to manipulate the market into choosing Dogecoin or whatever the fuck Elon's siding himself with during the time. Personally I'm not a fan of him as well, and I hated how he did Twitter dirty all cause he wanted to profit off of it even though the previous formula worked for the site anyway, among the stupidest things he did trying to claim internet points and cementing himself as the cool meme man.

But at the end of the day, they bought bitcoins, they considerably increased bitcoin's value when the people's just about to regain their confidence in the crypto market. They marketed cryptocurrency through their social media and allowed crypto payments (which they then redacted anyway but whatever) so they still did something. I agree with you in the fact that they weren't the cause for the bull run as it's rarely the case for crypto to pump in value over a single reason anyway, but they deserve the credit in this one and I think you should hand it to them.

Although I wouldn’t blame Elon much about this because it was actually the media that spread this kind of stereotypes just to get naive people to FOMO something that Tesla it self was doing when they jump into this space during a an already full blown bull run. Sadly some people followed it and the correction of price then due to either demand or supply made them believe that an entity like Tesla can manipulate bitcoin. Elon used this to cash in on his shitcoin as people followed him there think if he can move bitcoin then he can push doge higher but as usual you know how it is ended


Sorry but do you think those behind this Tesla or Elon himself wouldn’t be owning bitcoins at this point of time when bitcoin is proving is worth day in day out as fiat continues ti struggle. In my perception they actually hold bitcoin secretly the same way I believe some government officials have secretly bagged it too.

If someone is saying Tesla initiated the last bull run, I am sure they will say ETF approval initiated the upcoming bull run. But the true fact is Bitcoin market has been corrected after the ETF approval. Non of the company bought any Bitcoin from the market. They already had Bitcoin or they gathered Bitcoin by OTC deal from exchanges like Coinbase and Binance.

I understand that such a company could manipulate the market. But that's not something permanent. They could move the market with positive or negative news. It won't stay for long. So, yes. I agree with your statement as well. I do not think Tesla initiated the last Bull run.

haha OP don't get so bothered about some random person on social media making a false claim. Nobody serious would make the claim that Tesla initiated the bull run, considering that the main part of the bull run started like two months before Tesla bought Bitcoin.

firstly your rest of post talked about 2020.. the elon drama was 2021
first part of 2020 was the "covid blues" where there was no FOMO hype, and instead reasonable low for that first part of 2020 leading to the halving

now to get to the point

elon didnt scream bitcoin drama in february 2021.. it was news media that did

tesla had to file SEC docs about its purchase of bitcoin in december 2020
news media read it and announced in february 2021 to the masses which sparked the drama.. so media sparked the speculative drama in february 2021 based on a SEC filing about a december 2020 purchase.

I don't think the tweet need to be taken seriously, the guy just spitting some non-sense without any argument. As far as I remember, the last Bitcoin bullrun is April 2021, and if I am not mistaken at the time tesla - in this case in Elon Musk -  accepting crypto payment and shilling Crypto, Bitcoin is already in a bull run. What Tesla do is riding the wave in the event of Crypto emergence in the difficult time of Covid. I doubt that Tesla has ever give any significant effect -good or bad-  to Bitcoin price.

Tesla's role in Bitcoin price fluctuations was over-exaggerated. In fact, I would say that Tesla had almost no real effect on the price. The ups and downs were mere corrections and Elon Musk never really believed in Bitcoin, he just loved the attention from our community and just really wanted to make it seem as though he is bigger than he really is. The man has a huge ego, in other words.

Bitcoin has been gradually going up over the years. That is the most important factor.

Years from now, Musk will be stuck with his worthless fiat that nobody will wish to accept anymore, and the rest of us will have his Bitcoin, that he so foolishly sold.

I see that as a win.

not completely bitcoin bullrun last year tesla effect. Even without Tesla it would be possible to touch the high price of Bitcoin. Indeed, Tesla has a big investor attraction but it doesn't have that effect, even though there is a slight positive influence on Bitcoin, there is a willingness to want to dump Bitcoin in a big way, which can be said to be FOMO yourself.

Once we are dealing with the social media, we should expect to see a lot of garbage there because some are just there to make muse and cause people to fear or believe in fake rumours, Tesla cannot be the reason for bullrun nor any other influential organization, the bitcoin halving and the market supply in relation to it's demands makes the market rise on a high volatility and the aspect of the bull emerges than the bear, during this period, anyone is free to partake and join in the opportunity for the bullrun as they take advantage in the market just as Tesla or any other entity did then.

Elon and tesla has great contribution on doing the manipulation that makes bitcoin sky rocket but I don't think that they started it. They just started to increase the buying pressure of the high bitcoin price before. Elon surely did market manipulation, even without his bitcoin manipulation strategy, he manipulated doge so much. I remembered the days where every elon tweets about doge, the market go crazy and pump the price of doge. It's an obvious manipulation.

These influencers are trying to make crap about who started the bull market, saying that apple will engage on cryptocurrency. I doubt it, really.

Right? Tesla didn't kick off the bull run, they just rode the wave of hype that was already there. They did add some fuel to the Bitcoin fire but in the end their moves seemed to create more drama than help. It's a mixed bag and not exactly a hero move for Bitcoin i think

I really do not think Tesla initiated the last bull run let alone Elon Musk hype but rather a manipulation to control the market for their own benefit. The Bitcoin market was just fluctuating on hype and fomo based on Elon Musk d Tesla's interference. Although it gave a little price push up but it was not sustainable to hold the price of Bitcoin high for a long run coupled with the fact that China banned Bitcoin and it drastically affected the market for a long time before the bounce back.

Institutional acceptance of Bitcoin is not as influential as a government acceptance of Bitcoin because if the government accepts Bitcoin definitely all the institution  under the government would follow suit and that would drastically cause an increase in bitcoin  price compared to when a single institution decides to accept Bitcoin as a means of legal tender. So I think to some extent the bull started with Tesla's acceptance but could not sustain the price for a while coupled with the fact the stopped the acceptance which made the situation worse and it gotten worst when Chinese government banned their citizens from mining Bitcoin.

Isn't that a thing of the past? why the need to bring it up? I mean even if some people thought of that, it will not be more than a handful of not very informed people so i don't see why it should gain attention.
Everyone or almost everyone knows bull run comes after btc halving, what usually triggers the price is unknown. At least am yet to see a particular event that was considered as the main reason why the bull run started. There are several events that usually occurs during the bull run so i guess it is hard to attribute it to just one.

Tesla alone hasn't initiated the last bull run but played a significant role. It was not only Tesla but at that time PayPal also announced the feature of buying bitcoin via PayPal. This doesn't mean that Elon Musk and Tesla played the game fairly. Elon Musk was tweeting and using Tesla to make Bitcoin pump and dump , he used his influence to artificially push people to buy Bitcoin and Doge, then when price reached a high level, he sold his coins and told you that Tesla is no longer accepting Bitcoin payments and then price went down. This is what Elon did.

If people really think a company like Tesla, whose followers are deep into buying stocks and are afraid of Crypto can initiate a Crypto/Bitcoin bull run, then are completely wrong.
Read my statement again. Most of the time, they were negatively impact Bitcoin by saying they are going to sell a bit or by not buying more.
Saylor is the guy who is the real one.

Elon Musk joined this market in the last bull run and with his big fortune, people believe he will boost Bitcoin a lot. It is their belief like now they have similar believe with Bitcoin Spot ETFs.

They are similar but not completely the same because Bitcoin Spot ETFs are bigger than Elon Musk, Tesla or SpaceX. They are systematically bring more capital to Bitcoin market. If one Bitcoin Spot ETF stops, others will continue to operate. People will switch their capital from a closed ETF to other ETFs and I expect total capital will be the same, not decrease.

I do not agree that Tesla initiate the last bull run, they simply cash in on the hype of it because the news was all over the place. Of course their entry also added fuel to the price of Bitcoin because Bitcoin thrives on fundamental. So while they cannot take credit for initiating the bull run, the play their role in sustaining the momentum just like every other key player.

In all, I was not impressed with their entry into Bitcoin because their overall activities harmed Bitcoin more than it helped it.

Tesla initiated the last Bitcoin bull run? Rubbish.

I saw this on Twitter yesterday. You can see it yourself: https://twitter.com/rovercrc/status/1754146791576985665?t=oYWn43cKg08NR--EAR3gDg&s=09

Bitcoin was at $3800 in March 2020. It fall abruptly from $8000 to $3800 in just an hour or so and increased back to $5500 not quite long. 2 weeks to halving 2020, bitcoin was around $8200 and its price was not far from that after halving. After halving, bitcoin later increased over $19000 and fall back to $16900 or so.

Michael Saylor, Grayscale, institutional investors and retail investors all played their own part as some people also continue to fomo. No Tesla until the price of bitcoin increased above $43000. Tesla bought bitcoin around that price and bitcoin price increased above $50000. Later it got to $63500. Before bitcoin get to $63000, Tesla accepted bitcoin for payment.

Elon Musk later said Tesla will no longer accept bitcoin for payment and the price of bitcoin deceased below $46000. He later said Tesla will accept coin that is using 1% of bitcoin energy for mining. We all knew he was manipulating and only wanted to make people know about doge. He accepted doge. He only manipulated bitcoin price.

Later China banned bitcoin mining and bitcoin got below $30000.

Like 6 months after, bitcoin increased to $69000 which was the all-time-high of no Elon Musk influence as it was before.

How is Tesla the cause of the bull run? It is just rubbish to praise what manipulated bitcoin price when it is even not what that started the bull run.