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@lixer. It is presenty very hard to trust Elon after his rug pull on bitcoin. It will certainly not be surprising anymore if Tesla sold another 10% of their total bitcoins held to test liquidity on the next quarters if there is another pump to $60k.
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@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.
What could be the reason why the stocks fell when they starting to accept bitcoin? I don't see the logical reason why it dumps, can you please explain that here? I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.
Maybe I would agree with this, at the end of the day, a company that is regulated and supported by the government can't go full crypto, that's why it's so frustrating to see people riding the FOMO without thinking that the government could still come to play and on Elon's business as well or they need support by the government. The bad news is coming now, maybe it's the end of Elon's game? I am not quite certain why Tesla stock is falling. However, if you read my post on my speculation on why Tesla bought and accepted bitcoin for payment, Tesla was summoned by the Chinese regulators on February because there were many complaints about the safety of Tesla cars. The stocks were being dumped already. Also, I reckon Ark Invest have also been dumping some of their Tesla stock because the market for technology and growth companies appear to be bearish. Microstrategy stock is also dumping. |
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It has begun. News media will publish and spread fud anything about mining and proof of work, an important component of cryptocoins. Whatever the people clicks more, that will be their storyline. It depends on you because it is sustained by you. Do not click it or help spread it. |
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@buwaytress. However, traders have to react. This makes Elon a very dangerous holder because of his instability. He might test the market’s liquidity again and dump on the 2nd quarter hehe. This discourages other institutional buyers from investing. Where would the new source of pumps come from?
In any case, if Elon is very concerned for the environment he should sell all of his coins and be gone.
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@Botnake. I shake my head. This is just another clickbait storyline from bitcoin news media. Tesla’s stock has been falling already since February, after they declared that they bought bitcoin and have begun accepting it as payment.
I speculate the real reason why Elon rugpulled bitcoin is because Tesla is seeking entry into the renewable fuel credit market. They have always needed those government perks for the company.
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@pooya87. I never said that Elon’s tweet would cause the beginning of the bear market similar to 2018. My post included a chart that shows what happened after a bearish divergence in the MACD when bitcoin’s price was on an elevated level. Also, I never said that this certainly indicates the beginning a bear market. What I am afraid of with Elon’s new position towards bitcoin is this might discourage other institutional buyers from buying bitcoin or if they had plans to buy, they would cancel it. In any case, there is also a bullish divergence in the RSI which might indicate that the dumps are weakening.  |
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Is appears that this government to shutdown bitcoin mining will the the storyline for the fud of 2021 with the government’s new mascot Elon Musk hehehe. I reckon Elon was certainly not careless when he decided for Tesla to stop accepting bitcoin. Everything was planned. Tesla has always needed government perks to keep the company running. EXCLUSIVE Tesla seeks entry into U.S. renewable fuel credit market
Tesla Inc (TSLA.O) is seeking to enter the multi-billion dollar U.S. renewable credit market, hoping to profit from the Biden administration’s march toward new zero-emission goals, two sources familiar with the matter said.
The electric car maker is one of at least eight companies with a pending application at the Environmental Protection Agency tied to power generation and renewable credits, the sources said. The EPA produces a list of pending applications with some details, but not companies' names.Source https://www.reuters.com/business/sustainable-business/exclusive-tesla-seeks-entry-into-us-renewable-fuel-credit-market-sources-2021-05-12/ |
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Elon rugpulled bitcoin by removing personal support and removing acceptance from Tesla. Vitalik rug pulled Shibcoin by dumping on market and donating the Eth profited to India’s covid relief fund. Who is the hero and who is the villain?  Three months after Tesla said it would begin accepting the cryptocurrency Bitcoin as payment, the electric carmaker has abruptly reversed course.
In a message posted to Twitter on Wednesday, Elon Musk, Tesla’s chief executive, said Tesla had suspended accepting Bitcoin because of concern about the energy consumed by computers crunching the calculations that underpin the currency.
Read in full https://www.nytimes.com/2021/05/12/automobiles/tesla-bitcoin.html
Ethereum’s co-founder Vitalik Buterin, who became the world’s youngest known crypto billionaire less than two weeks ago, has donated over $1 billion in crypto to the India Covid Relief Fund and a range of other charities.
He made the donation by offloading massive amounts of dog-themed meme tokens, which he was gifted by the creators of Shiba Inu coin (SHIB), Dogelon (ELON) and Akita Inu (AKITA). These cryptocurrencies have taken off following Dogecoin’s staggering rally of the last few months. Though built around similar memes, these copycats have much larger token supplies.
In a single transaction, Buterin donated 50 trillion SHIB tokens worth $1.2 billion as of May 12, 16:37 pm E.T. to the India Covid Relief Fund set up by Indian tech entrepreneur Sandeep Nailwal.
Read in full https://www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/?sh=3c03daaf6548 |
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@tromp. It appears Grin’s experiment and theory on its monetary is being proven reasonable by Elon Musks actions hehehehe. Everything about hoarding as centralization pressure and whales having an unfair economic advantage and influence over everyone are shown to be real. I am waiting on the most dangerous, Michael Saylor to influence bitcoin’s development.
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Elon sure has a lot of power lol
Michael Saylor also has a lot of power on bitcoin and also the biggest whales. They can influence the bitcoin economy and it appears Elon’s actions might create the beginning where they can also influence development. This is because of bitcoin’s monetary policy. The whales will have the economic advantage and influence over everyone. |
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Was there another liquidity test from Tesla again hehehe? This will certainly appear to be an Elon rugpull on bitcoin if they are dumping. In any case, I posted this in a press subforum thread. It might not be a bear market yet, however, this might indicate that we might be near the beginning. The last time there was a bearish divergence with MACD in an elevated level for the price of bitcoin was on January 2018.  |
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I heard that Giga Chikadze is ready to jump in next UFC 262 in featherweight or lightweight category if some fighter drops out and he will support his teammate Beneil Dariush. Bookmakers made Dariush a big favorite against Tony Ferguson and I expect to see bloody interesting 3 rounds, but my main bet is going to be Charles Oliveira to win. Man is ready and eager to fight, he also asked UFC to allow him to fight in just finished card UFC Vegas 26 because he is still staying in United States. You can listen to his latest interview: https://www.youtube.com/watch?v=2EMLRoXDQ4kThere might be 3 bloody rounds for El Cucuy vs. Beneil Dariush hehehe. I predict El Cucuy to be removed from the UFC after another loss. How many fights more in his present contract? Also, Dana’s purchase of Chandler’s contract from Bellator is an indication that Dana has shuffled down Gaethje and El Cucuy from the line for championship fights. |
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@Theb. Agreed. This might be only the bitcoin news media trying to create hype for clicks and hits again. If we are being realists here, bitcoin’s pumps are beginning to weaken.
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~
However, what is bitcoin doing to help the economy and how would taxing bitcoin miners affect it? It is arguable that the bitcoin and cryptospace markets are helping the real economy because these coins and tokens are used predominantly as speculative investments.
I think even if they, BTC and other cryptos, are purely speculative investments(I personally don't think so, but let's imagine this is the case), they are still helping the real economy because when people have more things to spend their money on, it's good for the economy in general. CMIIW. That is hardly a good argument because those more things being spent on are not producing any goods for society. It is also not used as a medium for payments. It is only commonly used as something similar to casino chips for gambling on other something similar to casino chips. What I mean is it's always good for the economy when people have more things to spend their money on, regardless of the utility of those things. $600 tickets on the Rolling Stones and the likes are not producing any goods for society either, same goes for collectibles(just one example: more than 5 billion Hot Wheels models have been sold, making it a multibillion-dollar market). Although it's hard to imagine how to utilize those tickets, car models and whatnot, the fact that people are willing to spend money on them makes people to want to earn more money, meaning to work more, contributing to the development of the economy. I'll say it again, rephrasing a bit my previous comment: imo, even if BTC and other cryptos are just collectibles, it's good for the economy that they exist. If it is producing the currency that powers our gambling habits, I would surrender to your argument and agree hehehe. In any case, yes if bitcoin mining produces jobs and creates new types of industries then you are correct. |
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Only if ppl use Bitcoin for all sorts of electronic interactions of value - Bitcoin is sustainable
I am supportive of the people who want bitcoin as a form of digital cash, however, it cannot be because of its monetary policy. Everyone should accept that it is a great success as a form of speculative investment and asset for value growth during bull markets. There was one small line of code Satoshi was told to inject - and had beed set to get phased out later: max_block_size - a capacity (limiting) parameter That's just not needed at all, but still cripples btc - not bsv It just makes Bitcoin fully efficient - and nobody would argue about energy any more I was talking about bitcoin’s monetary policy. The size of the blocks is only a small part of why bitcoin is being used substantially as a speculative investment than a real currency. Wei Dai has written about this on 2013. https://www.lesswrong.com/posts/P9jggxRZTMJcjnaPw/bitcoins-are-not-digital-greenbacksAlso, BSV is a scam and you are being annoying. Stop mentioning this in discussions. |
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@Kakmakr. Are those streams for 100% free if I have not made the bets through Stake?
In any case, also another sport that has a growing fanbase in the forum is the NFL. Fans of MMA will also love the controlled savagery of this hehehe.
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This is not our regular and ordinary cryptospace success story because he is not a nerd and he did not make his millions in bitcoin or ethereum. He is a real banker who made his millions in a memecoin hehehe. Sometimes the man upstairs has a sense of humor.  A managing director is said to have quit Goldman Sachs in London after making millions at Dogecoin.
Sources say that Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in London, has resigned, allegedly after making money on Dogecoin the cryptocurrency championed by Elon Musk whose value rose 72 times between the start of January and late last week.
Neither Goldman Sachs nor McMahon immediately responded to a request to comment on his exit, but colleagues confirmed his departure. It's thought that he may be starting a hedge fund.Read in full https://www.efinancialcareers.com/news/2021/05/goldman-sachs-london-md-dogecoin |
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Only if ppl use Bitcoin for all sorts of electronic interactions of value - Bitcoin is sustainable
I am supportive of the people who want bitcoin as a form of digital cash, however, it cannot be because of its monetary policy. Everyone should accept that it is a great success as a form of speculative investment and asset for value growth during bull markets. |
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@Lucius. Read what I was trying to talk about. It is not about the banks, it is about mainstream and bitcoin news media manipulation. The banks can accept or reject the cryptospace in any type of market, however, the news will media create the storylines that will give them the most clicks and hits. Presently it is bullish stories hehe. Agreed that the bear market will not happen overnight but the bear can pounce within weeks also. The last time there was this bearish divergence in the MACD in an elevated level for bitcoin was the beginning of the bear market of January 2018. |
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@Reatim. The biggest whale in the world is playing with dogecoin. It appears that this matters much more than the technology. The maximalists can cry that dogecoin does not have independent mining or active development but did that stop the pump? SpaceX launching satellite Doge-1 to the moon next year
– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space
To the mooooonnn!!Source https://mobile.twitter.com/elonmusk/status/1391523807148527620 |
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