Tesla stops car purchases with Bitcoin

[Midy]

I hope that Tesla will not sell bitcoin in the near future, because since Elon Musk issued a statement not accepting payments using bitcoin, the cryptocurrency market is currently experiencing a significant decline, if the Telsa company is going to sell bitcoin you can imagine for yourself how the next crypto market will be.

[electronicash]

I hope that Tesla will not sell bitcoin in the near future, because since Elon Musk issued a statement not accepting payments using bitcoin, the cryptocurrency market is currently experiencing a significant decline, if the Telsa company is going to sell bitcoin you can imagine for yourself how the next crypto market will be.

i can imagine its the same result. the news says tesla did not solve any of their btc holdings. although this isn't something we can confirm.
when tesla announces he isn't accepting  BTC anymore for purchasing tesla cars, is anyone really who owns a bit of bitcoin wanting to buy tesla car? we in crypto only want lambo as far as i know. we don't says tesla when prices moons.

[michellee]

I hope that Tesla will not sell bitcoin in the near future, because since Elon Musk issued a statement not accepting payments using bitcoin, the cryptocurrency market is currently experiencing a significant decline, if the Telsa company is going to sell bitcoin you can imagine for yourself how the next crypto market will be.

I doubt that because I am sure Tesla will want to make a big profit from bitcoin. Even if the bitcoin price now is at $44k, Tesla will wait for a while and maybe they will buy more bitcoin at this price. But we do not know what price they bought bitcoin because they do not tell us about that. Bitcoin will still survive in this bloody market, even if Tesla stops car purchases with bitcoin because many companies will start to integrate their payment with bitcoin. I am not worried about the red market now because I believe bitcoin will increase again, no matter if that needs more than a month to rise.

[emersonlogan62]

Is tesla has stopped sales of cars by means of bitcoins then how does it matter to anyone? You can sell your bitcoin and just buy the car with real money. He is shilling so hard for dogecoins that he forgot everything else and I don't know why he is doing all this but he is looking like a villain right now after the prices have dropped as low as 39k as I last checked.

[Psynthax]

I hope that Tesla will not sell bitcoin in the near future, because since Elon Musk issued a statement not accepting payments using bitcoin, the cryptocurrency market is currently experiencing a significant decline, if the Telsa company is going to sell bitcoin you can imagine for yourself how the next crypto market will be.

Volume of btc market in 24 hours is 71 billion dollars, even if tesla try to dump all their posession the market will be shakened yes but it's only temporary, actually if telsa want to dump their btc right now it's gonna be fine for our market, better to let the market experience dump for temporarily than letting them influence the pyschology of the people in the market through their fud. once they sold all their btc posession no one gonna care about tesla, the market better of without such group that manipulates the market through fear.

[xSkylarx]

I don't understand why this caused a dump and their reason for it is not even making sense. They should already know at first how bitcoin are mined and how it affects the environment, they just probably want to buy more at cheaper price so they just spread negativity about it. More people just lose trust on him on how he can manipulate the market the way he wants. And who would buy a tesla using bitcoin where it is a good long-term investment. If I can afford to buy it, I would just pay in cash.

[ropyu1978]

This month, the news about Tesla and Elon Musk is endless, because one tweet they are all nervous. ''
Even though we are not rich people who can buy luxury cars from Tesla ''
So why are we having a hard time, we are just bitcoin collectors for change ...
whatever twet elon musk in twiter, and tesla say ,, let him say what he likes ..

[Silberman]

There are many speculations out there why Tesla stops accepting BTC.

1. People are not buying or Booking for cars and willing to pay with BTC, it is stupid to pay BTC when you are sure the price will go up in future.

2. Is that Tesla is looking for Government fund and with all these noise around environment and Climate change and what Tesla and Bitcoin stands for, the company need to take a stand

The second option is a very popular one because as we know Tesla depends on the government funds that it receives so this is one part of the truth, however to me this is plain manipulation of the market, and we know this is right, just take a look at the price today and how much it has gone down, the whales are laughing all the way to the bank knowing how easily people can panic and how fast the price of bitcoin can go down and will buy most of those coins at an incredible discount.

[quocsi]

According to the latest information. Tesla has stopped buying cars with bitcoin. Billionaire Elon Musk announced on Twitter that Tesla officially "suspended buying cars with Bitcoin" because of concerns that Bitcoin mining is adversely affecting the environment. This has had a huge impact on the bitcoin market.

[quocsi]

According to the latest information. Tesla has stopped buying cars with bitcoin. Billionaire Elon Musk announced on Twitter that Tesla officially "suspended buying cars with Bitcoin" because of concerns that Bitcoin mining is adversely affecting the environment. This has had a huge impact on the bitcoin market.

With the announcement of Tesla to stop buying cars with bitcoin, it has strongly affected the global bitcoin market. Bitcoin price immediately fell 5% a few minutes after the announcement of the Tesla CEO. Up to now,  Bitcoin  continues to drop by 12%, trading around $50,000, dragging other coins like Ethereum, Dogecoin "plunging" along and making the whole cryptocurrency market red.

[Botnake]

According to the latest information. Tesla has stopped buying cars with bitcoin. Billionaire Elon Musk announced on Twitter that Tesla officially "suspended buying cars with Bitcoin" because of concerns that Bitcoin mining is adversely affecting the environment. This has had a huge impact on the bitcoin market.

That's their way to manipulate the price.. you can ask yourself, they are a big company, a successful one and you think they didn't know that in the first place? They are trying to make people look stupid here, so they can make easy money.

[sapnu]

Their reason on why they started removing bitcoin as a mode of payment on buying cars is obviously just for the sake of covering up the truth on what they are doing right now. They are trying to manipulate the market and trick people into moving in another altcoin which is Dogecoin which was oftenly advertised by Elon Musk himself and considering himself as the father of Dogecoin. Right now, bitcoin is experience a massive dump and a huge dip and many are already getting into the state of panic but I think they should just keep on holding because at the end of the day, bitcoin will still keep on winning surely.

[conected]

I hope that Tesla will not sell bitcoin in the near future, because since Elon Musk issued a statement not accepting payments using bitcoin, the cryptocurrency market is currently experiencing a significant decline, if the Telsa company is going to sell bitcoin you can imagine for yourself how the next crypto market will be.

- Well, if Tesla has a need in selling all their bitcoin, the next scenario we can imagine is a not so good day series for bitcoin, the bullish waves coming back will be very weak and most of the time we will step into the bearish waves and be quite nervous. However, if they decide on this selling strategy, many people will also be brave enough to buy back what Tesla sells at low prices, bitcoin has never been short of buyers, Tesla's disrespect will lead them to miss out on this game and lose their credibility

[ven7net]

People who have been in the crypto market for a long time understand that such statements are nothing more than manipulation. In other words, this kind of news and action is created to lower the price of an asset and buy it at a lower price, and against to raise the price of an asset and sell it at a higher price. As for buying Tesla cars for BTC, to be honest, I personally do not know of a single case of someone making such purchases. Moreover, as far as the price of BTC is concerned, I believe that its price is controlled and when needed it will grow even more than it was before.

[Questat]

The real reason behind the sudden drop in price?

Guess what? Yesterday Tesla announced that the company will no longer accept car purchases with Bitcoin.
Who's surprised?

Then, got to be puzzled and ask what is really the intention of Elon Musk in the crypto community? If that He and Tesla refuse to accept Bitcoin, the more they never accept altcoins.

A lot of flooded tweets and news talking about this and Elon Musk's manipulation of the crypto market. People are blaming him but I think this dump is not all about Elon Musk and Tesla, may we could say that dumps just had comes and it triggers more by Elon Musk's tweets.

[RealMalatesta]

I don't understand why this caused a dump and their reason for it is not even making sense. They should already know at first how bitcoin are mined and how it affects the environment, they just probably want to buy more at cheaper price so they just spread negativity about it. More people just lose trust on him on how he can manipulate the market the way he wants. And who would buy a tesla using bitcoin where it is a good long-term investment. If I can afford to buy it, I would just pay in cash.

The extra dump wasn't because of this, but there is always a "reason" for getting out, if people are going to start getting out and stop with the crypto hype the reason is not important, as long as they can find one people claim that's the real reason whereas the real reason is always the same; people not making as much money anymore and they want to get out with either their profit or at least what they have.

I am still in profit, I will be in profit as long as it is over 10k+ and I am not going to get out until the price drops under 20k, but even I would get out if I see like 17k when I wake up one day, that is the real reason, people who sell because it goes down and just wants to focus on something else, I personally do not see a reason to keep gambling with the money I already have if I fear that the price may fall down even more in the near future, it is not because of Elon or someone else, it is because of the price itself, the more it goes down the more people will sell and the more people sell the more it will go down.

[wahyu wida]

The real reason behind the sudden drop in price?

Guess what? Yesterday Tesla announced that the company will no longer accept car purchases with Bitcoin.
Who's surprised?

Then, got to be puzzled and ask what is really the intention of Elon Musk in the crypto community? If that He and Tesla refuse to accept Bitcoin, the more they never accept altcoins.

A lot of flooded tweets and news talking about this and Elon Musk's manipulation of the crypto market. People are blaming him but I think this dump is not all about Elon Musk and Tesla, may we could say that dumps just had comes and it triggers more by Elon Musk's tweets.

We probably don't know what Ellon really wants to do at this point. but he is a clever person who can see opportunities and can hypnotize many people in the crypto world, whatever his words seem to be a direction for crypto enthusiasts, we will understand after something happens, and it seems he is not an easy person to read

[Sithara007]

We probably don't know what Ellon really wants to do at this point. but he is a clever person who can see opportunities and can hypnotize many people in the crypto world, whatever his words seem to be a direction for crypto enthusiasts, we will understand after something happens, and it seems he is not an easy person to read

IMO, Elon's influence is on the wane. The next time he attempts some manipulation like this, the results won't be in his favor. This time it worked, because cryptocurrency users were not expecting him to suddenly come against BTC and promote DOGE. Now coming to his real intention, it is difficult to say exactly what he want. Some are arguing that he want to dish out his own cryptocurrency. Others are saying that he want to pump Dogecoin and in the long term want that shitcoin to topple Bitcoin from the position as no.1 cryptocurrency. 

[Silberman]

According to the latest information. Tesla has stopped buying cars with bitcoin. Billionaire Elon Musk announced on Twitter that Tesla officially "suspended buying cars with Bitcoin" because of concerns that Bitcoin mining is adversely affecting the environment. This has had a huge impact on the bitcoin market.

That's their way to manipulate the price.. you can ask yourself, they are a big company, a successful one and you think they didn't know that in the first place? They are trying to make people look stupid here, so they can make easy money.

What many people do not seem to realize is that despite all the good publicity that Elon receives his companies are not profitable and receive a lot of money from the government, to me this seems an obvious money grab, also it seems Elon is going to try to take over this market and maybe use dogecoin as the coin to try to make this a reality, but I think this is where he is going to fail and his aura of a genius will dissipate and it is likely his companies even begin to fail because of it.

[nrvasquez]

We probably don't know what Ellon really wants to do at this point. but he is a clever person who can see opportunities and can hypnotize many people in the crypto world, whatever his words seem to be a direction for crypto enthusiasts, we will understand after something happens, and it seems he is not an easy person to read

IMO, Elon's influence is on the wane. The next time he attempts some manipulation like this, the results won't be in his favor. This time it worked, because cryptocurrency users were not expecting him to suddenly come against BTC and promote DOGE. Now coming to his real intention, it is difficult to say exactly what he want. Some are arguing that he want to dish out his own cryptocurrency. Others are saying that he want to pump Dogecoin and in the long term want that shitcoin to topple Bitcoin from the position as no.1 cryptocurrency. 

The fact is that Elon has hurt a lot of the mentality of traders and also young investors out there, see where he is able to easily turn things around like this. Well, if he can give you the greens, then he can pick them up anytime. but I believe what you say, that in the future, if Elon does something, it won't be the same again