Bitcoin Forum

Tesla brought 1.5 billion worth of bitcoins and at the same time the owner did this so that they can finally accept bitcoins as a form of payment. Now this is exceptionally amazing since, this year only Tesla did achieve such an amazing feat and Elon Musk apparently is doing a lot of good for the community , he even hosted a completion for people but let us just focus on the thing he did for bitcoins. This is an amazing opportunity since he would not only inspire people but you would also have a chance to buy things like Tesla using Bitcoins.

https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html (https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html)


They think it will help with more Flexibility and at the same time increase the cash returns .

BUT what am worried about is :
The market manipulation by Elon Musk that did happen this month on twitter , it was not only bad but at the same time it could mean that he plans to do such things in the future.

Even the author of the article seems to notice this :



This is certainly a good move but it just gives more scope for the market manipulation.

What do you guys think ?? Will this bring more Volatility in the market controlled by such Whales ?

IMO, I consider for now that it's good news and surely this might be the cause again that Bitcoin will surge price in the market and create another ATH which is my presumption is $50k within this month and most like rumored by some predictions.

I can't give some assumption in the future what will possibly happen, as long as Elon Musk helps the entire crypto give awareness from other investors and also might in institutional investors.  And probably more other private business sectors will follow the same as what Elon Musk did to accept Bitcoin as a way of payment.

He once gave a negative comment on Bitcoin last year on his Twitter post.
https://twitter.com/elonmusk/status/1340588909974200321?s=20

"Bitcoin is almost as bs as fiat money"

Good news for future adoption but what happen to the market now is bad IMO as it pump so hard and it could create a huge FOMO that could possibly make other investors who ride now regret their decision. I don't blame them sharing it to the public, they buy bitcoin because they invested it and want it grow in the long run, but we should be more careful especially the people who get FOMO as there's always the other side of this bull run.

Elon Musk has said in the past its important to have FUN while working, and you need a little more motivation than just $$$.

So thats probably why he does things ;)

There is a lot of huge names now in Bitcoin, and as more join no single one will have that huge influence or any
interest in crashing Bitcoin.

For as long as Bitcoin grows everyone is happy they found a hedge against the FEDs printing money like crazy.

And there you go, the official annual report of Tesla Inc. and let me quote,


https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

So not only confirming that they have invested $1.50 billion in bitcoin, in the near future we may see them readily accepting bitcoin as payment scheme.

This is welcoming news not just for crypto enthusiast, as well as the financial world as we all know that when Musk open his mouth, there could have been consequences, (whether good or bad.)

One thing is for sure.
It might have created panic and investors ride the wave but I doubt this will stay for a long period of time.

I still don't understand Musk's purpose in doing all of this.
Let's just hope it's really for something good that would increase usage and demand.

Thank you Angela.

In general, for everyone that is involved in crypto, it's a good thing because the richest person right now is endorsing the use of cryptocurrencies and I doubt if no one listens. It's going to create a ripple effect that would create more opportunities for everyone and is going to be for the people and not for those with power to create money out of thin air.

I look forward to even more companies buying BTC. I see a lot of Apple articles on when they are going to implement BTC. It can be the next big thing for sure.

Tesla doesn't have "the owner" it is s publicly traded company.  It has many people who on stock in it. 
Likewise, they didn't have to do this so that "they can finally accept bitcoins as a form of payment" - they could've accepted bitcoin as payment without buying ANY bitcoin, let alone $1.5 billion in bitcoin.

Any usage is good.  If Tesla is buying for their treasury, they aren't in it to trade, they are in it for other purposes, so why would this increase volatility?  If anything, bitcoin held by people not trading and who are using it as part of their portfolio and asset allocation decreases volatility.

What Elon Musk has been doing that resulted into big pumps of Bitcoin are welcomed manipulations though of course, there are some who are raising some concerns all because we have one man who has a great power to direct the movement of the market, and we know that a concentration of power and influence is not really that good most especially that we are working for decentralization. However, don't get me wrong because I myself embrace and welcome this rise of Bitcoin due to Elon Musk.

How is this going to be bad news? more companies holding Bitcoin as an asset means less volatility for the whales to manipulate. Price fluctuation will lessen and there's going to be less dumping that's going to happen. This news is such a win-win situation for all.


People should realize this now, especially those people who are still negative about Bitcoin's volatility.

 A lot are complaining about bitcoin volatility, now that btc is more than 43k, are we still hearing these complaints? Tesla buying huge amount of bitcoin is actually great news. Why we need to be pessimistic about it, right? It means, more and more known companies are trusting bitcoin or crypto as part of their investments. And if Tesla will use crypto as part of their payment method, then the use case just increased.

It must be good for Bitcoin. Any time a big company invests in Bitcoin, the price goes up. So Tesla may drive the price to $50K.

I think you're right because there are some people out there who only wait for the price to increase even more before selling their BTC and also they're holding a huge amount of BTC as well. If they happen to sell their BTC after this event then Tesla really needs to hold their BTC for a long time or after the price will greatly increase again because they bought their BTC when the price was high. There is a good thing with their decision as well because if the price will continue to increase even after this announcement, their investors' investment would be safe as well.  

If Musk caused the spike , he can short it too, and buy back at 20% or more less. Which is good business from a money making point of view.
Just saying .

The impact from this move (from Tesla) may be even more than what we had from the PayPal adoption a few months back. It is not just the purchase and the volume involved that matters. The fact that Tesla moved a part of their cash reserves from US Dollar to BTC and bullion tells a lot about how the corporates feel about the ongoing stimulus measures. Everyone is afraid that the US Dollar is losing its purchasing power, due to the rapidly increasing M1 supply. Tesla has become the first corporation to use BTC as a store of value, and in the coming months we may witness a lot more of the corporations following suit. I won't be even surprised if mega corporations such as Google, MicroSoft and Amazon also do the same.

We see that after this news from yesterday, when the price of bitcoin was more than $ 39,000, today it has risen to over $ 46,000, that is, increased by about $ 7,000.
This news is, first of all, good because the leading company that implements high technologies, including one of the richest people in the world, began to openly invest in bitcoin, that is, they recognize the prospects for the development of cryptocurrency. For all people in the world, this is a very good sign to invest in cryptocurrency, especially against the background of the current inflationary processes of the common currency of states.

It will be my curiosity to see how Tesla will have their ToS for bitcoin used to by Tesla's products. How they will block all users with Bitcoin from dark markets or money laundering or frauds. I am sure they will have to include such strict rules to bind with the laws in the US.

This news is big as it is not simply for institutional investments, but also for real products, and future real adoption for bitcoin. Tesla is a company beyond financial companies, hedges, etc. and they is the next giant that take into actions, invest and adopt bitcoin.

Welcome Elon and Tesla to bitcoin ecosystem. When Moon?  8)

Too good we are, apparently, this helping the crypto community.

Elon Musk and Tesla are pushing the market to move extra miles. Crypto/Bitcoin holders will be happy, not those who are fans of fiat money.
Elon Musk prepares for future development and he knows that Bitcoin can potentially consider as a major currency be used in the future. And to anticipate such a huge change, they are taking the huge step first.

One of the richest men in the world knows what is better and what exactly he does to crypto means that we are into that someday.

Well, one thing is for sure, it has caused quite a surge in price in the past day which can surely be seen as a temporary pump. I'm not sure if that's healthy or not though, but I'd expect it to correct itself in the next few days. In the case of adoption though, Tesla accepting Bitcoin could be seen as a good move. Although at this point, Bitcoin might be seen as a "premium" currency of sorts, and would only be used in transactions worth big money (which hopefully doesn't happen). It's a good endorsement, yes, but I might want to see something that adopts it to everyday life though.

Except with the Market Manipulation which he has been doing quite frequently I do not see any other issue. By the way we as a community are aware about Market Manipulation by hidden Whales and after his investment we now know a Whale who is very vocal. The good thing about him is that through his twitter account he has been encouraging other celebrities and companies to invest in Bitcoin.

I won't be surprised if this trigger takes Bitcoin to six-digit level. What Tesla has done is historical. They are simply saying that with all the multi-trillion USD stimulus spending, US Dollar is not a reliable store of value. So they are converting some of their cash reserves from US Dollar to more reliable assets (it is clear if you read their statement). Now I don't think that other companies are going to ignore this news. US Dollar is facing some genuine problems related to inflation and anyone with a brain would keep their holdings of USD to a bare minimum.

Ellon Musk tweeted that cryptocurrencies are as bs as fiat money,but he doesn't mind accumulating both crypto and fiat.AFAIK,he also tweeted that money(crypto or fiat) are just an informational system,used for resource re-allocation.
Anyway,this is a pretty bullish move and it will have an impact over the crypto markets.I'm not sure how big the impact will be,compared to the Paypal crypto adoption,since Paypal is a financial company,and Tesla has nothing to do with the financial markets.I'm a little bit skeptical about this news actually pumping the BTC price to 50K or more.Maybe Bitcoin price will pump to 40K USD and will have strong resistance to stay above that level for a long time.

I personally think that BTC is becoming more of a store of value (like gold) than one that's used as currency (like cash). I think its deflationary nature is a headwind for BTC being used a currency and it's rise right now also prevents that. I know that I'm not spending any of my BTC at the moment with upside of holding much bigger right now

IMO, institutional support should mean that these gains are here to stay as they're going to buy and store and hold - these guys aren't going to be in and out and can move a ton of money.

We've just saw already the effect of Tesla buying Bitcoins.
New ATH and most of the top coins did the same too movement too. Going upwards.

Its just quite ironic that he is tweeting about Dogecoin in this past few days to weeks but he didn't bought any of them or even Ethereum :D. Anyway, expect more of this kind of news in the next weeks maybe. This might create a domino effect and it can cause the Bitcoin as long as the other coins to go even higher. $50,000 might be possible this month :D. Just one big catalyst more and it will happen :).

Yes, but I still believed that there are still people who uses it as a currency, because if everyone will just HODL on it, then we can't really enjoy Satoshi's invention, after all it is supposedly used to be a micro payment system.

That is there plans, and it's good for the market though, store of value or currency, depends on how we see bitcoin will be, up to us, crypto enthusiast.

Honestly speaking its good move for now even he is inspiring many other business tycoons to grab this opportunity before its too late. He is obviously a whale now. In future if he speaks little bit negative about btc that would impact the market very badly that's the only concern.

 elon musk already gave way for btc buyers to earn because after he encourage everyone to buy a btc in his tweets , he then followed it up later by buying billions worth of btc but  if we are worried why not sell early or sell now before the suspected manipulation happen ?  are we going to get scared and give up what we started because of this reason  . i dont think elon musk is trolling anymore and if he is only up for manipulating the markets he dont need to buy billions worth of btc but he can manipulate the coins by his tweets  .

We can consider this a good news, Tesla is one of the famous company/institution in the world. Having them on cryptocurrency world means a lot!

Good news for Tesla too with all the free marketing in newspapers. Its all over the media in all the financial papers obviously but also the rest.

And CMC is giving Tesla props too, saying THANKYOU basically:

https://i.imgur.com/CJbF3bM.png

Good news if you think about adoption since it's in the top corporations list, bad news if you think about the number of coins only one entity now holds. But overall, this is just massive. Props to Elon Musk for sparking the potentially next insane BTC bull run.

It is good for a short term but on a long term, I don't think so. Imagine if a lot of big fishes flock to the bitcoin market, the prices will go up definitely but in the long term, the small fishes wouldn't get anymore bitcoin because either the prices are too high or there isn't a lot to go for many.

I would argue that Paypal's move was larger because it reaches far more people, and gives Bitcoin a use-case we didn't expect. I know the way they're handling it is far from ideal, but letting people hold and potentially spend their coins within their platform (which a lot of people already use) increase demand and trust. I feel like that move is what actually sparked this meteoric rise in the first place.

On the other hand, Tesla is just another company jumping in, they just happen to be the biggest one thus far. I actually see this as an inevitability; if it wasn't them, it'll be someone else.

I still don't like how erratic Elon Musk is, especially now that he has a legitimate reason to pump Bitcoin's price. He probably holds more power than any individual in the crypto space right now, and I'm legitimately terrified of what he can do with that power. Someone correct me if I'm wrong, but he can get away basically scot-free if he decides to pump then dump BTC, right?

Shower thought. What if Elon Musk’s participation in Bitcoin isn’t only as an investment? What if he will employ his own company, Solar City, to power ASIC mining farms in the United States? THEN miners will be converting energy from the sun into digital cryptocurrency. 8)

I think its good as it showcases to other mainstream as well as investment companies that Bitcoin/Crypto is a viable option as an investment. Bitcoin is absolutely soaring and i'm not even sure if there's going to be a correction for this. A lot more people are going to consider investing into crypto, just like the 2017 crypto boom where people were literally investing into anything with the word "crypto" on it. Hopefully a bit smarter this time.

This is something that I do remember happening , he haven't been stable with his idea of cryptocurrencies, he did support dogecoin and some other things too but at the end we I see by his recent doings he did all of that to attain some profits from the market which is indeed very low and the funny thing is : He knows very well what he is doing since he did commented after something like "what else did you expect to happen".

Now the thing is , I considered this guy in the positive section when we did think about the people but he have done something that people of the market are not only scared of but also it's bad for real , he Manipulates the market time and again. Now this shows the whales that it's all good to do and they also might get influenced and somehow we are stable and we are moving forward nicely and this might ruin all of the plans.

If he is thinking of accepting them as a form of payment , no doubt he is helping in Adoption but this is not what the community needed right now.


I did not know this fact lol ! Amazing though.


This is a fair idea and I do think you should put it on Twitter and tag him. I do believe that the only way to solve the mining situation is to be sustainable and use renewable sources of energy this might be something that needs a lot of investment at first but it would not only make it healthier for the world but your cost of electricity would be nil!


We have to for sure keep a close eye on him !! He is planning something big for sure !

A company as big as Tesla, decided that investing in $ 1.5 billion in Bitcoin was good news. This will be a trigger for other companies to be interested
in investing in Bitcoin as well. I believe Tesla is an investment in the long term, so there is very little chance of manipulating the Bitcoin price
in the market. Even the price of Bitcoin will continue to rise with this news, it is proven that now the price of Bitcoin has reached $ 46k.
Even though a few days before Bitcoin was still under $ 35k.

1,5billion  :o that's a huge amount to invest, no wonder btc is firing up since yesterday, how is it not a good thing, this is what btc community have been yearning for, fresh money to come into the space, and who else can invest such huge amount of money than the Man himself, the richest man in the world  8) this guy knows the right place to put his money. 

I see this as a good news for sure. Because after they bought an incredible amount of Bitcoins and announced it, Bitcoin price went up too sharply and reached a new ath, 48k dollars. I think the price will not be affected for a long time but this shows again how the prices of cryptos can be manipulated so easily.

When we refer to mass adoption what were we actually referring to? what do we mean when we say so? Is mass adoption not when platforms, industries, companies and so on starts embracing Bitcoin hence using or seeing it as means of payment? If that is correct (which I think it is, in my own understanding) then I don't think there is anything to worry about in the case of market manipulation, why will you think of manipulating the market when you can use Bitcoin to buy what you want. This means that, people who have been holding Bitcoin will now learn to use it freely without worring about the government, because I believe for a company like Tesla to do so, means they did their homework and fulfilled all regulatory compliances. Therefore, in my own opinion, this is a very wonderful news for everyone in the crypto space, and this will also act as a motivation to other platforms, industries and sectors whether big or small, to embrace Bitcoin and see it as a means of payment, thus leading to more mass adoption.

TBH, it's good for now and don't know what will happen next. But, recent tweets from Elon is just done to welcome those who buy Dogecoin in Fomo at top level. But Elon is more positive on Bitcoin and even regret for not becoming a hodler of Bitcoin in the past. Also, Elon musk previously said in an interview that he used dogecoin just for meme , on the other hand, now more searious about bitcoin which indicates that it won't become a problem in the long run.

To me i see this move to be beyond moving the market like wales. I see this as a trail blazer and a pace setter. being the first publicly traded company to invest in Btc means he has created a new way of investing for others to consider.

By being objective about my analysis, i feel this would create an enormous growth for btc. In the coming months, we shall see how other entity will follow suit. Congrats to the btc community.

---

Which is very true. We all know that Dogecoin is created purposely to be used for jokes. So, making fun with it by anybody shouldn't be an issue because that is its original purpose.

But, btc is not created for joke nor for entertainment, so its for serious investment such as this by Tesla.

Hence, while Dogecoin is for serious joke, bitcoin is for serious investment by serious entities like Tesla.

[moderator's note: consecutive posts merged]

see how Elon musk leads opinion...
I agree with Dogecoin as a people currency because of its low fees and large amounts while Bitcoin is more inclined as an investment asset. Elon musk takes bitcoin and dogecoin seriously but he brings doges like jokes to keep his followers entertained.

This is frankly a good news to hear of course because knowing Tesla when it comes to popularity, for sure many people have already been thinking to get engage into Bitcoin now that a very well known company gets their interest upon buying $1.5 billion worth of Bitcoin that gets the financial community and crypto community on hype with this happening. It is good because first of all the owner himself clarify that this is getting ready for the future accepting Bitcoin as a mode of payment which we are all have been dreaming for a massive adaption of Bitcoin usage and be accepted as a mode of payment. With this, we can say that it is just so good despite the fact that Bitcoin gets even more expensive making it real hard to purchase even a small part of it.

Personally, it is both a good and a bad news, why you ask? Well it is good because of the fact that it pumped the price of bitcoin, sufficient to even force it to reach an ATH, plus the publicity this caused urged more people to buy bitcoin, be it veteran investors or plain-old newbies.

It is also bad because there is yet another whale we are at the mercy of to be worried about. Yes it's Elon, yes he's very supportive of the coin and is not going to be easily swayed against bitcoin, but people, one click of a button and he'll cause a huge crash on the market. You have to think about that.

What I love most about this news is that they want to use as a method of payment. Some times, we most times forget then sole purpose of Bitcoin because of the price pumb.
Additional, we hope the Tesla CEO won't use this means to manipulate the price of Bitcoin

The only way he can manipulate the price is to dump all their holdings, but I doubt that he will allow that to happen. It is obvious that Elon is here to used bitcoin as their main reserve asset investment and as you have said if they are going to allow it as payment method in the future, doesn't make sense to manipulate it as it will have drastic effect on their business decisions.

This news hasn't sink it as well, and it could again set a precedent for other mega companies on whatever sector to join bitcoin and do what Elon Musk did here, not just for himself but for the investors of his company as well.

Indeed, BTW there are some new or rumors of apple's going to accept crypto as a payment gateway which is spreading a huge hype for bitcoin. If that becomes true and Apple do so, than market bullish trend will hype up again as Tesla and Apple is getting into crypto world. TBH, Bitcoin is more than a serious invetment assets and its adoption is going on.

Certainly a good thing for all of crypto adopters; seriously, when he started hyping cryptocurrencies like Dogecoin and Bitcoin I was suspecting he’s up to something and then later he said he only owns very small amount of Bitcoin that a friend sent him years back, and I think he said 0.25 BTC or so, and he also said that he doesn’t own any Dogecoin but he keeps on hyping this particular coin lol.

Isn’t it possible that he secretly owns some of these coins but don’t want to open up about it and have decide to keep it a secret? I mean apart from this $1.5 billion that his company invested, a personal investment I mean.

Many do think that it's not good for adoption. But this is what we like before, a company that adopted and bought bitcoin. Then, we'll think about manipulation.
In that news, what do we really want? if a company buys, we can't stop them from doing it. A company as big as Tesla can buy many as they can.

I agree to you, who are we to force them not to buy? They have a lot of money so they can accumulate more not because they are reportedly bought 1.5B coins we can stop them for everything that they wanna do, there's a lot of whale in the market the only difference is these whales doesn't publicly announce they bought huge amount but they can sell anytime that they wanted. But companies adapting bitcoin is good and will create influence to other people and companies.

Anything that is good news to bitcoin will also be good for adoption, it outweighs the cons, like manipulation because these companies are investing not to get involved in playing the price but rather they see bitcoin as an instrument for their reserve assets. I do hope that those who see negative things about Tesla involving themselves in crypto with that huge investment will understand the rationale behind.

Tesla's investment of $ 1.5 billion in bitcoin should definitely be taken as very good news for cryptocurrency and, above all, to increase its liquidity. This is a direct example for imitation primarily by business structures, which is still lacking in decentralized cryptocurrency.
Also, a very large contribution to the development of a decentralized cryptocurrency will be the introduction of Bitcoin payment for the purchase of Tesla cars. The use of cryptocurrency as a means of payment, and above all bitcoin, is already critically lacking for its further development.

The effect of TESLA buying Bitcoin in large quantities makes the Bitcoin price even more bullish,  this is a positive thing and I am sure Bitcoin holders
want it. TESLA is a large company that can certainly have a big influence on the crypto world, therefore what TESLA is doing can definitely make other
big companies start considering investing in Bitcoin. If this happens then massive adoption will occur, it will even make some merchants consider
making Bitcoin a payment option.

side that could be seen as advantageous for the development of bitcoin by what Tesla did. we clearly know that the exchange market between Tesla and Bitcoin is competing. I agree with you that large companies that buy will affect many sectors and many other companies will also buy bitcoin. but from a business point of view there could be something we don't know about what Tesla is doing. in the end we will find out what it means to buy a lot of bitcoin, not now.

Actually, without any major purchases made by Tesla, if you look at the halving of bitcoin this year is the year of the rise of bitcoin so this could have been known by @elonmusk as the head of Tesla. Until now we also have to admit that the influence of Tesla is still felt and will make bitcoin increase from the Halving effect more quickly to be realized. hopefully this will also increase altcoins can also move.
we will soon continue to see a sharp increase in all coins because everything seems to be moving from old coins or just entered the exchange. This is certainly a positive aspect and hopefully it can last a long time.

If Tesla bought bitcoin because of Flexibility doesn't that means they gonna utilize it for remmitance and not just for investing or bagholding?
In my opinion, this massive buying is good for the crypto market since this gonna make many people aware of the existence of cryptocurrencies that have many benefits if taken advantage properly. Though some people might oppose this because they think it's gonna centralize bitcoin supply to certain companies but without this the cryptocurrency market will definitely grow at slower rate than it is right now

The news was that Tesla's Stock is dipping due to Elon buying BTC. It would look as if Elon is fucking with his investors, $50B is wiped out. I just read it on https://cointelegraph.com/news/50b-wiped-from-tesla-after-btc-buy-but-mastercard-and-twitter-surge

Its shareholders are selling and probably buying BTC as well. It says that they could be stacking BTC as a reserve. It must be a good thing for Bitcoin.

Its a good one for sure and actually its not just Tesla who bought bitcoin.. Big Companies are Buying into Crypto-Mania and There are at least four big reasons corporations are diving in.

I'm not worried about this, Bitcoin is not that easy to manipulate. Yes, Elon stirred some movement, but he can't do this forever, sooner or later the market will tire of it. More and more people are realizing that Elon is just trolling when he talks about Dogecoin.

And it's unlikely that he would manipulate the Bitcoin market for personal gain, he's already the richest man in the world, what's the point?

Unless, he wants to gain much much more under bitcoin so he can use more and more money for his science and space endeavors. You know, make some strategies for him to get more and more money. He knows well that the market will not treat him buying bitcoin very lightly and it shows in the decrease of stock price of Tesla. But he does not really case I think because he still have billions to use for his projects and has Bitcoin to give him extra boost in case the crypto increased in price.

for now it is very good for bitcoin because in the end the market can pump up to the moon. But we don't know what Elon Musk's plans are next, whether it will be good for Bitcoin or not. because with the huge investment he has now, he can do anything.

Imo it's a good news for Tesla at first And for investors in second step, from 34k $ to 48k$ in 24h it's a surprise ! Elon Mask now contol the market And encourage other investors to buy bitcoins And then the price Will rise into the sky.. Elon think about the future of Tesla And for sure after few years it Will be able to see bitcoin in Banks.

I don't understand what others are thinking, they may have the point for their opinions but it's not always that anything that they want to think about the market can happen. Many were told that there should be a mass adoption just as it's happening right now.
But when it did, there are those that don't like it and who are thinking that it isn't good for the bitcoin community.

Elon musk is so much into cryptocurrency, because he knew the worth of the digital currencies. So that, he invested in bitcoin.

That is because they don't understand what will happen if there is huge market adoption. They don't want the price to continue rising because they just messed up.

With what Tesla has done, I definitely find it great. They are helping a lot for crypto to attract attention and the other big companies will follow. And maybe, or it is possible that the price will soar high more as it takes. Could be unfortunate that we can't able to see the price of Bitcoin in dip again.

IMHO, I think it's not bad because Tesla is a big company, and buying bitcoin with that amount brings more positive results on Bitcoin price as we experience nowadays, So overall it's not bad I believe that Tesla knows that Bitcoin and other cryptocurrencies are very volatile that's why they are aware of the risk associated in it.

By the way, they said that Elon Musk is manipulated the market, What kind of manipulation? Manipulation in a form of a tweet? I dont think so, what I believe is that investors are already aware of what they are doing and because cryptocurrency is very speculative in nature and investing in it is like a gamble. I think that was the reason they want(investors) to gamble, thats why invest only that you can afford to lose.

This is good news for the wolf of crypto, it really pumps bitcoin, and hoping that this would be the start of mass adoption, this news may also attract some other company to do same as well as many people to buy bitcoin.
Yeah for sure, they know about that thing in cryptocurrency, before they have used a huge amount of money they have done research first about the crypto world.

I think it is good that the Tesla buys 1.5b worth of bitcoin because of this happening the bitcoin arise and set a new ath and due to this happening many people gets more interested on bitcoin. The mass adaptation that has been brought by buying 1.5b of bitcoin by tesla makes the new all time high of bitcoin and still the hype of it is there that's why the bitcoin is continuing to pump up. Overall I am seeing this as a good thing, because this become an eye opening to everyone.

How can Tesla buying in billions worth of Bitcoin be bad??? As suggested above, it actually reinforces crypto as a suitable (though, volatile) investment avenue for business alike. Since this happened the BTC market has started to move even further.

Obviously, this is all +ve and not at all negative. People are encouraged to read about crypto if they're not yet aware of it and companies as large as Tesla (dare I mention Apple) are definitely thinking hard about this.

Personally I believe in the freedom of speech and no man, famous or not, should be denied the right to express himself no matter the subject. It is a free market after all and we are all supposed to be grown-ups. People who invest based on other people opinions need to learn the lesson as soon as possible or else they would find the consequences of not doing due diligence at 30-50 years old where the risk is much bigger.

If Elon believes in Bitcoin, it is common sense for that to reflect both on Tesla's balance sheet and on his social media. I do believe Musk is going to start a trend in corporates and not only. I mean why not  expose at least a few percentages of the cash in your company on an assymmetrical risk reward opportunity that also happens to have strong fundamentals and price history?

Remember, do your own diligence and practice sound risk management.

It is good because it will make the market price of bitcoin pump for sure and for even bitcoin holder we could easily make a good profit and probably hold for even longer.

At the same time, it's riskier for companies to be in bitcoin as they invested in bitcoin for potential profits holding a big amount of bitcoin for this company for sure they will gonna hold for long term.

But it could easily be manipulated when companies are holding big chunks of bitcoin, so just make sure that you are holding bitcoin when the price skyrocket because of this companies.

They think it will help with more Flexibility and at the same time increase the cash returns .

BUT what am worried about is :
The market manipulation by Elon Musk that did happen this month on twitter , it was not only bad but at the same time it could mean that he plans to do such things in the future.

-snip-
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I doubt he has "manipulated" the market. At least not yet. We could say he is manipulating the market if he started promoting crypto currencies after tesla invested in bitcoin. We have been seeing him being a big fan of crypto currencies and promoting them before all these happened.
But who knows what his intention might be. Maybe he is testing the market to see how much influence he can extert before starting to make profit out of it. But lets all take it in a positive way. Let us imagine he is a good guy trying to promote the usage of crypto currencies.

Yeah definitely a good move for entire bitcoin community; Elon Musk was saying the other day that he’s going to buy dogecoin and show full support to the coin if the big holders should sell their coins, I think he’s just starting to play some tricks here or whatever.

Anyway, as for his company Tesla investing that huge amount of money on bitcoin, for now I am going to say that it is good because the market will start increasing now that they have done that and also since he’s a big influencer who has been linked to several bullish markets this year, that will push lots of his followers to start buying Bitcoin since they have seen him buying it.

I do not know why OP want us to compare whether Tesla buying bitcoin is good or bad. The action is a plus for bitcoin and that is evident the way the price is rushing to attain new all time high. Today price went to $50,000 and that is beyond widest expectation. Nobody believed price will get this far from the way the coronavirus pandemic destroyed economic activities from 2020 till now. It is even looking like it will go higher in days ahead. Tesla's involvement is timely and good support.

The price goes up due to F. A, it's normal whenever there's a good news about how bitcoin is accepted or bought by a big industry the price starts pumping immediately most times its fomo, people don't want to miss out on the pump, I can remember when PayPal accepted bitcoin that was the beginning of this crazy pump ;D, anyway IMO even without tesla buying bitcoin it would have still hit the $50k  mark, it was always going to happen although it would have taken a bit longer to happen maybe a few weeks or a month.

I think Tesla's purchase of BTC is certainly very good and is probably a signal to other big companies that it's time to buy cryptocurrencies. We have all been talking about the adoption of crypto all over the world for a long time, and right now we can see the beginning of this process. This is just great news and we will probably see other large companies and funds start buying crypto, which will send the price of BTC and other cryptocurrencies to the moon. But no matter how it goes on, we always need to remember about the risks when investing and make our investments thoughtfully.