Tesla no longer accepts Bitcoin payments

[buwaytress]

It's a self-fulfilling prophesy kind of situation. When traders see a tweet from Elon concerning Bitcoin, they expect everyone else to react to it, so they try to be the first to react, and inevitably start the chain. And once momentum builds, it keeps going, because short-term speculators activate, leveraged positions get liquidated, etc.

On a more fundamental level, this was pretty bad, because the enviromental FUD gets more and more attention, so potential institutional investors might decide against getting into BTC if it would get them bad rep.

I suppose it really has become that. I'd just imagined that hedge funds and family offices etc already have trades locked in -- with penalties for closing them early or urgently. But I suppose the penalties pale to the risk they perceive with a potential retail sell-off.

Crazy about this environmental FUD though, how it keeps getting cycled every year with fresh DANGER GLOBAL WARMING headlights.

[bbc.reporter]

@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.

[acener]

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.

And he stills pumping Doge isn't it funny how he choose what crypto to support.
I don't know what Elon sees in Dogecoin over Bitcoin it is just a meme coin and it already stop on development.

[nebuch]

Elon is smart guy. So, we don't really know what he is thinking now for the future as he did affected the crypto market since from the beginning of his investment and announced the acceptance of Tesla to Bitcoin payment. Unfurtunately, Elon announced Tesla suspended the acceptance of Bitcoin. After wards the market drastically crashed. I hope the market will recover soon.

[Maslate]

Elon is smart guy. So, we don't really know what he is thinking now for the future as he did affected the crypto market since from the beginning of his investment and announced the acceptance of Tesla to Bitcoin payment. Unfurtunately, Elon announced Tesla suspended the acceptance of Bitcoin. After wards the market drastically crashed. I hope the market will recover soon.

It depends on the gravity of effect on Elon's announcement before that Tesla will accept bitcoin, we might see the opposite here which is the dump, That's why I'm still not convinced that the market will recover despite seeing some positive rise today. The pump that we are seeing on DOGE now is quite doubtful, it could be another trap, so let's not ride with it as it will only make Elon feel he is very powerful.

[harapan]

Elon is smart guy. So, we don't really know what he is thinking now for the future as he did affected the crypto market since from the beginning of his investment and announced the acceptance of Tesla to Bitcoin payment. Unfurtunately, Elon announced Tesla suspended the acceptance of Bitcoin. After wards the market drastically crashed. I hope the market will recover soon.

The market is already on a path to recovery already. That FUD that Elon Musk and his company tesla spread was just temporary and I believe the community will get over it soon. I love how quickly the bitcoin community rose to the occasion and challenged elon Musk claims about Bitcoin negatively impacting with its energy consumption rate which is BS at best. Give it a rest. Just ignore your portfolio for a while and the market would recover before you know or you can add to your bitcoin position. This dip provides a nice opportunity.

[tbct_mt2]

I am so surprised that the adoption of Tesla has bigger effects on the price than PayPay adoption previously. Is is because Tesla is owned by Elon Musk and he has best impact rather than Tesla itself.

PayPal adoption is more important for Bitcoin than Tesla because the daily volume of transactions via PayPal is huge and their customers are globally. The Bitcoin adoption from PayPal is not perfect and I hope they will have improvements in the future. If improvements are announced, Bitcoin will have big support to climb higher.

Tesla, it is good to have Tesla adoption, without Tesla adoption, not bad at all.

[uneng]

So much possibilities on why Elon Musk retreated... I ask myself if he is trying to gang up with the beautiful people after going to that comedy TV show. He is blindly repeating the eco-terrorist speech that many of those celebrities globalists' sockpuppets repeat in sensible marketing propagandas full of catchphrases while ignoring the facts and the reality.
The guy was a bitcoin adopter and supporter, but after few days he is already spreading misinformation about the crypto currency. My only certain right now is that Elon Musk isn't a trustful individual.

[gabriela1999]

I think Elon is manipulating the market. He rely on his popularity and influence to adjust the market to bring him profits. Tesla announces Bitcoin acceptance and soon put the information to stop accepting payment by Bitcoin. He is trying to bring the market down to gather many bitcoin as possible.

[Hypnosis00]

I think Elon is manipulating the market. He rely on his popularity and influence to adjust the market to bring him profits. Tesla announces Bitcoin acceptance and soon put the information to stop accepting payment by Bitcoin. He is trying to bring the market down to gather many bitcoin as possible.

And he might believes himself that everyone will follow him but that is not the thing I saw. Many people are still standing away from Elon and ignore him. He never do good in crypto, he just only makes people to suffer losses.
And now that Tesla confirm of not accepting Bitcoin as payment, people and investors might laughing at him. At to figure it out that Elon Musk is just a joke in crypto. It soon to happen that nobody would like to hear his announcement and even to read his tweets.

[Bilgent]

Yeah, Elon Musk made a statement like that in one of his tweet unfortunately. He also stated that Tesla will start accepting Bitcoin payments again after renewable energies start being used fully. But he should have realized that his words could impact the market very badly.

[Lorence.xD]

I think Elon is manipulating the market. He rely on his popularity and influence to adjust the market to bring him profits. Tesla announces Bitcoin acceptance and soon put the information to stop accepting payment by Bitcoin. He is trying to bring the market down to gather many bitcoin as possible.

What can we do if he really did manipulate the market? Pretty sure that we will just be screaming into the void. Elon did some questionable moves there but knowing our place, we should just roll with the punches. It didn't have to necessarilly be bad for the market, the people just made it much worse because they overreacted to the news.

[chitchat]

In bitcoin 10 years journey many comes and quits the community. I think people are over reacting on Musk decision, in my opinion he is just another member of crypto community. To me btc at 48k its just another great buy call.

Buy when everyone fears to buy - Warren Buffet

[Sithara007]

So much possibilities on why Elon Musk retreated... I ask myself if he is trying to gang up with the beautiful people after going to that comedy TV show. He is blindly repeating the eco-terrorist speech that many of those celebrities globalists' sockpuppets repeat in sensible marketing propagandas full of catchphrases while ignoring the facts and the reality.
The guy was a bitcoin adopter and supporter, but after few days he is already spreading misinformation about the crypto currency. My only certain right now is that Elon Musk isn't a trustful individual.

Elon Musk is anything but an eco-terrorist. He is just a clever businessman and want to use the cryptocurrency sector for his own benefit. For all these years, he never cared about the environment. Now all of a sudden, he becomes concerned with the electricity usage of Bitcoin mining pools. I am not sure whether he is going to stick with Dogecoin for long. I have strong suspicion that ultimately his aim is to come up with his own shitcoin. Those who accumulate Dogecoin due to FOMO are going to regret about it later.

[sapnu]

Elon Musk is clearly unreasonable with this action and it has affected bitcoin's value ever since. Just take a look at how much influence he has to investors considering he is a billionaire, that maybe the reason why bitcoin's price went down right after Tesla announced that they wouldn't be accepting bitcoin as a mode of payment anymore. Nevertheless, life must go on and we should take advantage of the temporary price drop and start buying as much as we can because bitcoin will surely come back stronger once it is able to recover from this current crisis.

[CryptoFan313]

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CryptoFan313

[uneng]

So much possibilities on why Elon Musk retreated... I ask myself if he is trying to gang up with the beautiful people after going to that comedy TV show. He is blindly repeating the eco-terrorist speech that many of those celebrities globalists' sockpuppets repeat in sensible marketing propagandas full of catchphrases while ignoring the facts and the reality.
The guy was a bitcoin adopter and supporter, but after few days he is already spreading misinformation about the crypto currency. My only certain right now is that Elon Musk isn't a trustful individual.

Elon Musk is anything but an eco-terrorist. He is just a clever businessman and want to use the cryptocurrency sector for his own benefit. For all these years, he never cared about the environment. Now all of a sudden, he becomes concerned with the electricity usage of Bitcoin mining pools. I am not sure whether he is going to stick with Dogecoin for long. I have strong suspicion that ultimately his aim is to come up with his own shitcoin. Those who accumulate Dogecoin due to FOMO are going to regret about it later.

At this point I don't doubt he comes to twitter and start badmouthing dogecoin anytime. Maybe he really has future plans for his own crypto currency, as his goal is to colonize another planets, the appeal used to call the attention of investors may be that he is going to create the first Mars' currency or the first interplanetary currency.
Anyway if I were one of those whales following his tweets like they were sacred words I would be very careful, because to follow an unstable influencer like Elon is similar to investing in ponzi schemes.

[taufik123]

At this point I don't doubt he comes to twitter and start badmouthing dogecoin anytime. Maybe he really has future plans for his own crypto currency, as his goal is to colonize another planets, the appeal used to call the attention of investors may be that he is going to create the first Mars' currency or the first interplanetary currency.
Anyway if I were one of those whales following his tweets like they were sacred words I would be very careful, because to follow an unstable influencer like Elon is similar to investing in ponzi schemes.

Before the big hyip like this time, elon had already promoted Doge that he liked this coin meme because it was unique. The end of 2020 to 2021 is the revival of Dogecoin that Elon keeps on tweeting.

Regarding the volatility of Elon and about bitcoin payments that Tesla is no longer accepting, maybe that is a decision that should be taken. This decision has indeed made cryptocurrency worse because many people were disappointed. However, I am sure that in the future Elon will bring cryptocurrency even better and more and more adoptions will be made.

[$crypto$]

~

Before the big hyip like this time, elon had already promoted Doge that he liked this coin meme because it was unique. The end of 2020 to 2021 is the revival of Dogecoin that Elon keeps on tweeting.

Regarding the volatility of Elon and about bitcoin payments that Tesla is no longer accepting, maybe that is a decision that should be taken. This decision has indeed made cryptocurrency worse because many people were disappointed. However, I am sure that in the future Elon will bring cryptocurrency even better and more and more adoptions will be made.

At the start of Tesla announcing it about accepting bitcoin payments it made the atmosphere even more emotional meaning that many welcomed it because the big institutions have now glanced at bitcoin in their business and it made bitcoin prices hold up and some of Elon musk's tweets have also created huge hype from doge coins and this is what most relied on to be made hype and it is true that the price of Doge is now still staying above the high, but is it possible with the hype of someone who is considered to be weak too?

With Tesla's decision, many panicked so it happened the market crashed a bit and I don't know if it recovers after this crash is over?

[Golftech]

Elon Musk is clearly unreasonable with this action and it has affected bitcoin's value ever since. Just take a look at how much influence he has to investors considering he is a billionaire, that maybe the reason why bitcoin's price went down right after Tesla announced that they wouldn't be accepting bitcoin as a mode of payment anymore. Nevertheless, life must go on and we should take advantage of the temporary price drop and start buying as much as we can because bitcoin will surely come back stronger once it is able to recover from this current crisis.

There are many factors that needed to consider but following your sentiment, he's a billionaire and those who

are following him have their own speculation regarding to this move, it's affect in form that there are Bitcoin

holders who sold their assets to wait for Musk next move, we can't conclude just more on self assumptions  in

regards to this current fall.