Musk and Tesla's BTC conspiracy

[rhomelmabini]

I think Musk is showing what he was and before he dives into Bitcoin as well as his company they didn't get much information about what Bitcoin does. Could be that they just enjoy shilling and not really putting effort on their own research.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

That wouldn't be impossible from this guy, I wonder if people will ever trust again his views about cryptocurrencies.

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[amishmanish]

Guys this is Elon Musk we are talking about. He is a smart man. In the past, he has mentioned a lot of times that he personally thinks that Bitcoin is quite clever.

This tweet was also a screenshot of an official company statement. It may just be that he is distancing Tesla from Bitcoin to avoid the negative PR about environmental concerns. Most of these concerns are actually fueled by promoters of centralized PoS coins which want to project themselves as the replacement in the current bull run. If a PoS coin or something being run on datacenter nodes can reliably and impartially keep trillions in value safe and locked, then of course we don't need BTC. The truth is that Bitcoin's PoW gives that underlying confidence and security.

If institutional investors and mainstream companies are ready to put value in something which is non-PoW, then that future will also be tested. If and when things actually come to this, we can only speculate what the outcome would be.

As far as his love for DOGEcoin is concerned, he probably just loves that he is single-handedly being able to wipe out debts for millenials who somehow stumbled upon DOGE and invested in it. If you are young and have made good profits on DOGE, just clear your debts and free yourself. Don't keep holding onto it. The biggest wallets and whales can dump at any moment and you'll be left regretting about all those unrealized gains.

[riiiiising]

I think Musk is showing what he was and before he dives into Bitcoin as well as his company they didn't get much information about what Bitcoin does. Could be that they just enjoy shilling and not really putting effort on their own research.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

That wouldn't be impossible from this guy, I wonder if people will ever trust again his views about cryptocurrencies.

Lol man you can't believe what you just said can you? Elon Musk perfectly understands what Bitcoin is, what it does and how it works. He knows that for years, maybe even for a decade. Even my grandma can explain Bitcoin quite well and you consider the possibility that Elon Musk didn't do enough research (best scientists in the world work for hm) to understand Bitcoin but gamble a couple billion dollars on it anyway.

[Steamtyme]

Yeah, market manipulation ~snip

He actually stated that Tesla sold off some of their BTC holdings earlier this year, 10% I believe at the first sign of profit. In the end anything from him is a business move with profit at the forefront. Longterm I'm sure he believes in the price that much I think is safe to say.

It seems like I was wrong about Elon Musk, I used to think he is a believer in bitcoin since he saw the technology and liked it. ~snip~
At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

I don't thin kyou were to far off, in general. Except it wasn't really only Bitcoin, I think he like some newbies use that as a term for crypto in general. Elon likes to be the center of attention, and will do/say just about anything as either a tantrum or troll to keep it such as calling a rescuer a pedophile repeatedly. He also doesn't care what some would consider market manipulation, I believe he was fined by the SEC for doing this through tweets after receiveing warnings.
Pretty sure his inflated Ego, sees an opportunity to profit and make himself the new face of crypto. You now be all revolutionary in a new field by jumping in and taking the spotlight. I think he's either working on creating a bunch of super farm locations with "clean" energy and/or he's trying to prop up the Doge community or some other shitcoin.

I can't say for sure but I can assure anyone who thinks he has been doing the things he's done that it's to help millenials find financial success.... you are just wrong. He is no saint and it's funny to see him put on a pedestal, the second coming of Bitcoin Judas maybe.

[ubercool]

I don't think any sneaky rich idiots can shake Bitcoin easily now. Musk understood that he can't manipulate the BTC prices and that's why he moved to Doge coin where he can do literally anything as it is a meme coin. Who knows, he might be pumping new meme coins now for his profit.

[Questat]

I don't think any sneaky rich idiots can shake Bitcoin easily now. Musk understood that he can't manipulate the BTC prices and that's why he moved to Doge coin where he can do literally anything as it is a meme coin. Who knows, he might be pumping new meme coins now for his profit.

Well, that obviously to say that Bitcoin can never be controlled and manipulated by anyone. He comes in crypto in shilling Doge which we know that this coin has no market value, then he moves to Bitcoin which he believes that he can control it but somehow, he just realizes that he can't.

I don't say any conspiracy in BTC but it was too clear for us that Elon Musk has no intention to go along with the market as a decentralized platform. What he wants ( base on my observation) is to take control of the market. But he even to forgot how it was becoming impossible and no way he will succeed his true intention. 

[nightxglow]

Well, actually i kinda believe what tesla say, about worrying the bad impact to the environment. They might be true, since tesla really concern about the environment, like making those electrical cars. However, I'm not sure that might be the sole reason behind the decision of not supporting bitcoin payment anymore. There might be more into it, but well, the reason they choose is really good, making a good image for the company as well, although it surely receive some backlash. I'm not sure whether elon musk really want to manipulate the market, but he surely has the power to do so. I'll just wait and see how this goes, but still believing in bitcoin and won't just give it up just because some news from outside.

[avikz]

I am not sure whether it can be classified as a conspiracy really. Because Tesla's market value has also gone down by 20 billion over the past few days. So it doesn't seem to be a conspiracy to me.

Tesla is a publicly traded company. So Elon can't make decisions alone. After his announcement of accepting bitcoin, Tesla has faced a lot of criticism from the activists around the world. He was really forced to step back and withdraw bitcoin as a payment method. Obviously people are free to think but that's my version here!

[dothebeats]

I'm tired seeing Elon and Tesla being on the front page of any news that is cryptocurrency-related. At this point he's just playing Monopoly and using twitter to influence people to do the same thing as he does. Most of his actions have ulterior motives, and we all know it's profit, especially on what he's currently doing with doge. I respect that but to the point that he's trying to manipulate everything is just extremely scummy.

The recent move to disallow bitcoin purchases on Tesla due to concerns on the environment is just overused. Tesla, being an electric car manufacturer should have been at the forefront of reducing carbon footprints. Why is it that they only realize now that bitcoin is still a major contributor to that problem, even though bitcoin miners are already moving to renewables for sustainable hashing? It just doesn't add up.

[Streets 2.0]

The masks were dropped, and it became clear to everyone who thinks with their own heads why Tesla was buying bitcoin so publicly against the backdrop of all these noble and useful statements for the market. I think now no one will blindly believe the statements of this manipulator and will be more careful. Well, wisdom comes with experience, I hope we all became smarter and wiser after these events and the market will no longer rely on such statements.

[LogitechMouse]

One move from him and we saw him as a big supporter of cryptocurrency. We saw this when he hyped DOGE and because of that, Bitcoin and other cryptos did made some movements.
Now one move from him and we see him as a market manipulator. Instant change of things right .

Well, the environment reason that he shared is purely bullshit. TBH, I don't really like Elon since he started to hype DOGE but I like him with regards to his business and his future plans especially the colonization of Mars. Now we see him as a bullshit market manipulator.

Overall, we see bad news as opportunities right??  I just hope that you bought some Bitcoins near the $48,000-$50,000 so that you can gain some short term profits Congrats to us. What can I say about Elon now that he made this? Just bullshit.

[capcaypro]

I want to be angry by seeing this situation but there is nothing I can do. These billionaires left me with nothing to do, because with the power of their money, they are free to do whatever they like.
but I will not be sure that with this there will increase the purchase of Tesla. because for me bitcoin is like a treasure and when it is bought it will be very unfortunate and I don't know for other people but there will be some people who think the same as me.
it is not impossible that if this keeps happening I will be able to see people suffering even more from this manipulation

[fiulpro]

I don't know what he is trying to do.
But at the same time the guy does have a company dedicated to cars that run on electricity, he have done a couple of things in the past to actually help out the earth. I do think that he was not able to cope up with the criticism that came with the acceptance of Bitcoins form the counter.
But now he did start something with doge coin and if he still does the same thing again after 1 month just how he Manipulated Bitcoins and how the company got out after taking huge profit dumping the whole network. I do think he should be reported and people should actually black list the guy.

[Ridwan Fauzi]

Greatfully bitcoin price is not fall sharply, I guess the current price situation will not lead to the previous dump 2018 ago. There will be many instutional investor who still hold their bitcoin although they are in lose situation. They will believe that sooner or later bitcoin price will be surge again and even pass the previous all time high. Because I believe many people have known bitcoin and they will accept it as an investment place or as a currency.

Just forget Elon Musk and whatever that will do against dogecoin. Because many people will only believe to bitcoin, they will only see that bitcoin is a promissing place for their money. Take a look to the dogecoin chart, if there is a good news come especially from Elon Musk then its price will go up drastically but it won't take for a long time and you can see a huge dump will happen, it is really different when I see in bitcoin price movement.

[iphone5s]

I think Musk is showing what he was and before he dives into Bitcoin as well as his company they didn't get much information about what Bitcoin does. Could be that they just enjoy shilling and not really putting effort on their own research.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

That wouldn't be impossible from this guy, I wonder if people will ever trust again his views about cryptocurrencies.

It doesn't make sense if he doesn't know about Bitcoin and whereas he knows very well about coin Doge. If you play crypto, 1 coin that you know will not be enough for you to see or learn about it because many other types of virtual currencies are studied without any fees from that private. Elon Musk has taken definite action to make these Tweets even though don't be too sure about all the tweets he makes. This can be a trap for others.

At this point I'm wondering whether he is going to also create a shittoken too, maybe TeslaCoin to dump on idiots and make a couple of million dollars out of thin air.

it might have been thought of by them to make their own coins like Teslacoin. but it cannot be confirmed by one or two people without a clear source of truth. Let's see if this is the case with the new virtual currency.

[isaac_clarke22]

Too bad that there's almost nothing that we could do for this. People following him are blind and just would do what he is hyping up.
People blaming Musk, but it is people's reaction that causes these. Now people would start buying Doge just because Musk put up a poll in Twitter on if people would like Tesla to accept Doge, and majority said yes.

[judas]

I think also that the main goal was manipulating the market indeed. If Elon Musk really cares about renewable energies to be used, then why he didn't state it in the first place? Is there a logical reason for it? I don't think so.

[sapnu]

This news is already everywhere and I also think the same thing that Elon Musk is not really concerned on the welfare of the environment instead he is doing it for market manipulation just like what a typical whale would do. He also admitted it already that he is the father of dogecoin but imagine seeing him abandon dogecoin because he already got what he wanted, imagine how many people who believed in him and in dogecoin would suffer. Best of luck for those who invested on dogecoin nevertheless, I know many will still stick to bitcoin because it has a much more better reputation and history compared to dogecoin.

[sujon5]

I hardy believe that Tesla cares about the environment more than about its revenue. It's more like an attempt to manipulate the crypto market. 

[CryptocurencyKing]

Even my grandma can explain Bitcoin quite well and you consider the possibility that Elon Musk didn't do enough research (best scientists in the world work for hm) to understand Bitcoin but gamble a couple billion dollars on it anyway.

Are you serious about the grandma thingy or its just an exaggeration of the fact because, I'm out here wondering what era us your grandma from to have such claimed knowledge of bitcoin. Well  let's not get too fancy.

About Elon Musk having the best scientists, of cause he does or can but still, could get financial bad advice. You know, it's more like a scale to balance kind of thing. He checks his company and what it stands for (being the promoter of renewable energy sources) and here he is representing a field that consumes a significant amount of fossil energy sources.

I guess he only came to the realisation of this complications after that tweet of Tesla accepting bitcoin as it came down with some negative responses from critics. For one, it was just an investment and now, its about the idea he came with.

Other way to look at it is, it being a conspiracy to buy the dump and also assist the growth of Dogecoin. No doubt his got a lot accumulated already.