Tesla no longer accepts Bitcoin payments

[famososMuertos]

Tesla, Did you hear about that when?

So, they makes a billionaire investment and you think they didn't know it !!

There is rigged dark game;
it's a shame bitcoin falls into these "old-school late-market" circumstances because behind bitcoin there are not only corporations, there are common users who are being mocked by the media manipulation of El-On.

Here is a single winner, Tesla. Behind all this that has occurred in the first quarter of 2021 with reference to Tesla-El-On and Bitcoin, there is such a complex background that it requires having $1.5  (-10%) billion invested in bitcoin to do so.

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That is why bitcoin needs a true organic growth that includes everyone, the old whales, the institutional ones, miners and ordinary users, who are the ones who have the least bitcoin but are the ones who sustain the thousands of transactions that are made every second.

Hopefully that much "shine" and "doubts" from a single individual, is not so detrimental to bitcoin at the price and Trust level in the short term.

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[Trixoempire]

Elon musk just want attention for the media shock the market with Doge and now with BTC.
''Conceenred about the mining'' they ain't care any of that.

[ranochigo]

It's called virtue signalling. If they really cared about the environment from the start, they would've never endorsed Bitcoin or Dogecoin. The environmental impacts of both is fairly obvious, even if you've only got a superficial understanding of it. The only reason why they even ventured into Bitcoin from the start was to improve on their financial reports. I wouldn't be surprised if there is some insiders trading involved when it comes to this as well  .

[isaac_clarke22]

Not surprised by these, but we shouldn't feel bad about it. I was expecting it any time already, maybe a bit of different reason like "unstable" price.
Valve even adopted Bitcoin as payment method before but pulled it out due to instability.
Now to look at what happens now, it seemed like he didn't manipulate the market, but he manipulated a lot of investors to buy one.

[amishmanish]

Why all the panic on this tweet fellas?

This is what Bitcoin is made for. Bitcoin's PoW has energy costs. Everything else that has value has an energy cost. Tesla being a EV company, it probably wasn't a prudent thing to associate with Bitcoin because of the optics. This may even have been a board decision.

Look how Musk didn't say anything "personalized" about this like he does about things he actually cares about. It is just a screenshot of some official document. That is pretty much unlike Musk. I think he is basically doing the sensible businessman thing (prompted/ forced by his board considering that a lot of future financing for his Mars plans may depend on Tesla's success).

This is just Elon playing safe considering that too much is at stake. I don't think it is anything to panic about for Bitcoiners. Even if some do, this will be the perfect buying opportunity. As far as all this talk about cryptocurrencies using <1% energy are concerned, let us wait and see what happens when people start transacting billions of dollars in value on them. Till then, its all just unproven theory.

[virtualdn]

He is just a narc, a manipulator, he thinks he owns everything and is doing this as revenge when people told him he is manipulating the market. Nothing to worry, Tesla will lose a lot of sales and be happy, BTC is still going to the Moon!

[davis196]

link

I find it frustrating that Elon can so quickly jump from supporting Bitcoin to bashing it with poorly researched facts. That man must have some mood swings or something, and I wish he just stopped talking about crypto so the market could return to normal.

Elon is the "dogecoin king".He supported Bitcoin for a while,but now,he got bored and will return to his favorite baby-dogecoin.Obviously dogecoin mining doesn't pollute the environment at all and Bitcoin mining should be blamed for everything. Some of us saw this coming,but the majority of the crypto community was blinded by all the FOMO and price growth.
Elon Musk isn't that genius or visionary.Many people just overestimate his intellect,just because he is rich.

[Kakmakr]

Guys and Girls, just look at the genius of the statement that was made. The hidden agenda is so much deeper than most people have noticed. When the owner of a company that manufactures "renewable" energy, tells the Bitcoin scene to "clean" up their act and use more renewable clean energy, then you should immediately have seen his true goal.

He wants to sell more of the products that his companies are manufacturing ===> Batteries / Powerwall  etc.. etc..

Also, on the side he is also silently buying some Alt coin, like Shiba coin and then "announcing" it to the public ..that Tesla is going to accept that Alt coin for payment for their products. (So this announcement create hype and people start buying those coins and once it is pumped enough... Elon Musk simply dump his coins for a massive profit) 

[Kittygalore]

He is just a narc, a manipulator, he thinks he owns everything and is doing this as revenge when people told him he is manipulating the market. Nothing to worry, Tesla will lose a lot of sales and be happy, BTC is still going to the Moon!

I guess you could say that but hey at the least we can buy more bitcoin for us at a lower prices now that it has crashed big time. I think that these shenanigans they are pulling off is not a permanent thing to happen, we might see it available for purchase next year.

[wallet4bitcoin]

Elon musk announced bitcoin accepted news some days ago. And now he said tesla no longer accepted bitcoin. I don’t think this news will effect on btc market. I don’t know, how many car was persased with btc, But that was good hype. Hope we will see more hype soon. Btc is popular currency, I believe It’s will be valuable in every place.

[buwaytress]

Ah, so that's what happened. I actually just made a sell yesterday and then thought as I just saw prices now just over 12 hours later I'd saved myself a tidy sum by selling early, instead of waiting til today.

Anyway, if Elon really has this much sway over Bitcoin, then perhaps there is a lot more retail power left in the markets, unlike what people have been suggesting about institutionals. Or are hedge funds also listening to Elon's crock?

[iTradeChips]

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I find it frustrating that Elon can so quickly jump from supporting Bitcoin to bashing it with poorly researched facts. That man must have some mood swings or something, and I wish he just stopped talking about crypto so the market could return to normal.

Perhaps ADD or ADHD. Whatever the case, his understanding of bitcoin and the energy stuff is nonsense and shows that he is uninformed.

i don't even think he's doing all the research, there are people that does things for him and the company, and they give him suggestions, i really think he is just a face they put up to the public.

You know that scene where the CEO is given piles of paper to sign on by his secretary. And the CEO just simply reads the front page and then signs the rest of the document without reading the rest of the transcript? I mean that scene always shows up on many films, tv shows, and documentaries. And that is the image that went in my head when Elon Musk signed the document from their marketing team that Bitcoin payments will be suspended for the meantime due to environmental issues. I think this decision has been talked about, debated, fought for, by the pros and cons of cryptocurrency in his board of directors and then once they have voted then submitted the final draft to be signed by Elon himself. The life of someone who has managers to manage for you.

[NeuroticFish]

1. Stocks were falling and I strongly believe that they had more effect on the price that this tweet.
2. I do think that Tesla is playing pump and dump games on the market. With that amount of money they can earn better than attempting to build cars.
3. Yet again Elon farted and all the Bitcoin community talks about it. When will this mindless behavior stop?

[maxreish]

Its another trick to manipulate the market price. If he supported bitcoin back then and then pulled back what he said before, isnt a disappointment to some of his supporters who are expecting that Tesla will continue to patronize and support it?

And the fact that bitcoin is very much affected with his statement regarding bitcoin payment removal, most of the altcoins were bloody red, too today.

[stompix]

1. Stocks were falling and I strongly believe that they had more effect on the price that this tweet.

Pretty interesting is that although BTC was the target in that tweet other coins who basically have no mining have been hit just as hard from XRP to LINK, this was a moment when the whole diversifying your stash thing should have proven to be useful, but no, even if the cause of all was a key aspect in the design of all those altcoins it didn't matter.  It's like BMW taking a hit because of a bad rice harvest in India, more than interesting it's quite funny, seems like all those claims of the markets finally maturing and with serious investors onboard are highly overrated, the vast majority of traders are still acting like headless chickens that get decapitated at every tweet.

As for stocks, I don't think this could be related, indeed coins have started to follow the same pattern so when there is a dump on the stock market we do have some consequences here but that would apply only to the decline on Monday when stocks went down and continue to go like this after closing a way better than expected week on Friday. But there has been no serious decline that would trigger such an enormous and hopefully!!! short-lived dump.

Like it or not we're still in a fragile market when a tweet can collapse the price by this much. And it's not just Tesla or Musk, remember how some weeks ago we had some anonymous tweeter account spreading rumors about investigations on major exchanges in the US, and again we had a dump.

[Maslate]

lol.. so those guys who trusted them because they got hype maybe are not happy now. Probably it's just his technique to make the market drop again, and sadly we will see a lot of newbies here who will panic because of this bad news. Anyway, nothing will lose from Elon as he definitely has made millions if not billions of money shilling.

[virtualdn]

lol.. so those guys who trusted them because they got hype maybe are not happy now. Probably it's just his technique to make the market drop again, and sadly we will see a lot of newbies here who will panic because of this bad news. Anyway, nothing will lose from Elon as he definitely has made millions if not billions of money shilling.

He is the same as McAfee right now, not a difference! Elon went from hero to zero. His credibility is busted. I'm glad it happened because people finally can see his true face, a master of manipulation!

[jesselui]

This is proof why you shouldn't trust guys like Elon. If you buy or sell according to the words of such people, this will be the end. Elon continues to make money again.

[yohananaomi]

Elon musk announced bitcoin accepted news some days ago. And now he said tesla no longer accepted bitcoin. I don’t think this news will effect on btc market. I don’t know, how many car was persased with btc, But that was good hype. Hope we will see more hype soon. Btc is popular currency, I believe It’s will be valuable in every place.

what @elonmusk says is full of meaning, because what is said is inversely proportional to the first and second. @elonmusk is trying what this is doing for the purpose of indeed getting the bitcoin market going down and he will make decisions with the aim of profiting from that downturn.

nothing is pure anyone who has any other purpose than what is said other than is seeking the profit behind it. We must understand that as large investors in a company that is also large, of course what is done with the aim of seeking profit from what will happen. but bitcoin is a coin that no one can control and will be able to handle the situation properly in due time.

[imstillthebest]

they drop the support of btc but they are looking for another crypto and that could be dogecoin because elon holds this too but whats the differrence of doge to btc when both are crypto that uses electricity  .
i guess he only wants to promote his other coin again  . dogecoin hodlers are you ready ?