Bitcoin doesn't care about Tesla and Amazon

[michellee]

Bitcoin can work on its own and it doesn't need any big companies like that, they are saying that they will going to adapt but ended up leaving bitcoin behind.

Look at bitcoin now, its price is increasing without those things, hoping that we can see more increase in bitcoin in the market.

If you think that bitcoin only needs big companies to prevail in the market then you are wrong, it can make its own uptrend.

Yes, bitcoin does not need a big company. But those big companies can adopt bitcoin to their payment system and introduce bitcoin to the public. That will help the bitcoin popularity since the big companies will influence the other companies, whether it is small or big companies. We can not deny that because the more companies can adopt bitcoin and use bitcoin, that can make bitcoin become mainstream and maybe the popularity will increase more than now.

Bitcoin price now increases and gets attention from investors from the companies, so it will be good if investors can invite more people to follow their way to invest in bitcoin.

Bitcoin does not depend on big companies, even though big companies decide not to adopt Bitcoin, it will not make Bitcoin die. Since
the beginning Bitcoin has run without the help of big companies, without the help of big companies Bitcoin can eventually attract the interest of
many investors. But if there are big companies that adopt Bitcoin, of course it will make the development of Bitcoin much more rapid.
It must be admitted that the influence of large companies is large enough to make Bitcoin more popular,  it would be nice if large companies
wanted to adopt Bitcoin. But as time goes by, big companies will also be interested in investing in Bitcoin, if they see the Bitcoin price going up.

Indeed. Those big companies can fully adopt bitcoin plus many people from many countries also adopt bitcoin and use it in their daily life. In that case, that will benefit bitcoin, which is the presence of bitcoin will help them solve the finance for their people. It is like problem-solving for people who want to earn money from the ways that bitcoin offered. The popularity of bitcoin will rise with the help of many people using bitcoin because they will suggest to their friends, relatives, or family to follow them to use bitcoin. It will attract the demand for bitcoin will also increase and the price will go up.

[Obito]

Yeah, Bitcoin doesn't care about Tesla's or any other company's, person's etc. actions from now on. And Bitcoin doesn't need this kind of things to develop more. This kind of actions or news just helps the price increase a little. The increase rate was much higher in the past but not anymore.

As long as the people that are participating in the market doesn't get easily swayed or moves solely based on rumors or news of companies making a move in the bitcoin market and even the cryptocurrency market in general.  I agree regarding the increase rate being much higher this time because bitcoin becomes more renowned and more people are introduced to it.

[Vishnu.Reang]

I wonder why they really fascinated with how bitcoin cares for those reasons. Bitcoin isn't a person, it's an asset so it always becomes more valuable when hype goes so trending and the price is quickly changing depending on how the speculations affects it's specific demands. News and other prominent persons of interest is the biggest keys to make btc price abruptly rising, regardless if it's from Amazon, tesla or whatever biggest company may ride with the trend.

Agreed. Adoption by Amazon or Tesla is not much important for the long-term future of Bitcoin as an asset, or as a currency. But it matters a lot for people like us who are investing in cryptocurrency. At one point or the other, we need to sell some of our coins. And increasing adoption and acceptability of Bitcoin will make sure that we will end up with good profit when we do so. But overall, for Bitcoin it is immaterial. Irrespective of the adoption level, the future belongs to Bitcoin. Amazon will be forced to accept BTC at some point in the future, if they don't do now.

[ilovealtcoins]

Bitcoin is a decentralized coin that rises from near zero value so it has a value that grows over time based on the algorithm and the 'stock to flow' model. Tesla and Amazon are the only drivers of Bitcoin's rise in value and not its determinants. Bitcoin development does not depend on these two companies.

[Tahsin Kabir Kollol]

It is true that Bitcoin is not dependent on Tesla and Amazon, but in many cases, these large corporations temporarily influence Bitcoin in the decisions of different individuals. These organizations motivate their followers to take a variety of actions by top-level individuals and, among both positive or negative comments, influence them. However, these issues have a temporary effect. However, these issues have a temporary effect. Although the decisions of organizations like Tesla and Amazon about Bitcoin have a lot of influence on the public which has a lot of positive or negative effects on them, they cannot control or influence it completely.

[btc_angela]

It is true that Bitcoin is not dependent on Tesla and Amazon, but in many cases, these large corporations temporarily influence Bitcoin in the decisions of different individuals. These organizations motivate their followers to take a variety of actions by top-level individuals and, among both positive or negative comments, influence them. However, these issues have a temporary effect. However, these issues have a temporary effect. Although the decisions of organizations like Tesla and Amazon about Bitcoin have a lot of influence on the public which has a lot of positive or negative effects on them, they cannot control or influence it completely.

Short term is the keyword, remember when Tesla confirmed that they have bitcoin as a hedge in their balance sheet? after that confirmation the price rocketed to $50k-$60k, but after that short term effect and because of Elon Musk himself, the price plummeted to lowest low for his year. But the effect is long gone now, bitcoin has been on the uptick as of the last 10 days and we are heading to $45k maybe in the next coming days. So those influencers and news has an effect, but if it is a negative one, it will not last that long.

[Silberman]

Bitcoin is a decentralized coin that rises from near zero value so it has a value that grows over time based on the algorithm and the 'stock to flow' model. Tesla and Amazon are the only drivers of Bitcoin's rise in value and not its determinants. Bitcoin development does not depend on these two companies.

It is true that bitcoin doesn't really depend on them but it will be silly to not think that they could in fact have a way to have an effect on the price of bitcoin, and since we know that the majority of people only care about the price of bitcoin and do not really care about the underlying technology then the effect of those two different companies is even higher than what it would be otherwise, so even if you do not care about the effect of those two companies that doesn't mean that many other people do.

[AndySt]

It is true that Bitcoin is not dependent on Tesla and Amazon, but in many cases, these large corporations temporarily influence Bitcoin in the decisions of different individuals. These organizations motivate their followers to take a variety of actions by top-level individuals and, among both positive or negative comments, influence them. However, these issues have a temporary effect. However, these issues have a temporary effect. Although the decisions of organizations like Tesla and Amazon about Bitcoin have a lot of influence on the public which has a lot of positive or negative effects on them, they cannot control or influence it completely.

Short term is the keyword, remember when Tesla confirmed that they have bitcoin as a hedge in their balance sheet? after that confirmation the price rocketed to $50k-$60k, but after that short term effect and because of Elon Musk himself, the price plummeted to lowest low for his year. But the effect is long gone now, bitcoin has been on the uptick as of the last 10 days and we are heading to $45k maybe in the next coming days. So those influencers and news has an effect, but if it is a negative one, it will not last that long.

I don't think that the latest news about Elon Musk and Tesla can affect the strategic behavior of the bitcoin price. The market is trying to find a point of equilibrium in the current situation and anything can happen now. It cannot be denied that the market was very overheated before and therefore the behavior of the exchange rate price was influenced by short-term phenomena such as Chinese events and Tesla's behavior about the purchased portion of bitcoins. Now events from other market sectors should be superimposed on the market, and only after that it will be possible to talk about the short-term behavior of the exchange rate. I am afraid that we are waiting for some correction at the end of the summer, caused by more fundamental factors than the behavior of Elon Musk and Tesla.

[Sithara007]

Short term is the keyword, remember when Tesla confirmed that they have bitcoin as a hedge in their balance sheet? after that confirmation the price rocketed to $50k-$60k, but after that short term effect and because of Elon Musk himself, the price plummeted to lowest low for his year. But the effect is long gone now, bitcoin has been on the uptick as of the last 10 days and we are heading to $45k maybe in the next coming days. So those influencers and news has an effect, but if it is a negative one, it will not last that long.

That depends. Elon/Tesla played a large part in the correction from $64,000 to $28,000. The prices only recovered due to another rumor involving Amazon (and the subsequent statement from Amazon, which was interpreted as friendly towards Bitcoin). If the trigger from Amazon was not there, then the prices would he remained suppressed. So you can't really claim that if the prices go down as a result of negative news, the impact will last only for a few weeks or months. In the end, it will depend on the overall market condition.

[bitterguy28]

https://www.forbes.com/sites/martinrivers/2021/07/27/bitcoin-didnt-care-about-tesla-and-it-doesnt-care-about-amazon-either/?sh=48dd020513b8

of course bitcoin cares nothing about Tesla and Amazon because us people whos investing in this coin has care.

though Tesla is not part of our concern now yet Amazon is really a  big thing for us to be relief when the acceptance happens.

hope the finally Amazon will accept bitcoin or other cryptos .

[imstillthebest]

''

of course bitcoin cares nothing about Tesla and Amazon because us people whos investing in this coin has care.

though Tesla is not part of our concern now yet Amazon is really a  big thing for us to be relief when the acceptance happens.

hope the finally Amazon will accept bitcoin or other cryptos .

if only bitcoin can speak we will know if what is its opinion when giant companies invest in it but pretty sure it will say something negative because companies could have other intentions on why they accept bitcoins  . amazon could pump the btc price but what if they will also change thier mind after wards like what tesla did ? the dump that it will cause can be much higher .
 lets hope im wrong . amazon is said to accept btc but they could accept alts too because some would prefer it for micro transactions  .

[tygeade]

Sometimes I wonder why the media is always saying that Bitcoin’s price went up because of Tesla and Amazon or maybe one of these big influencers, because I really don’t see it that way. Of course I do know that these people can make an impact, such as Tesla making a billion dollar investment in the cryptocurrency market, but then you can’t saying that every move they make is affecting the market.

We were already looking forward to an increase even before these companies into the picture. The halving alone was enough to lead to up trend, and moreover there are times Bitcoin goes up and down, so it doesn’t have anything to do with these companies.

[Sithara007]

of course bitcoin cares nothing about Tesla and Amazon because us people whos investing in this coin has care.

though Tesla is not part of our concern now yet Amazon is really a  big thing for us to be relief when the acceptance happens.

hope the finally Amazon will accept bitcoin or other cryptos .

Agreed. I never understand the mentality of people who claim that adoption by PayPal, Ebay, Amazon.etc is detrimental for Bitcoin. Who are they to decide that? If Bitcoin is not used for payment, then what is the purpose in holding it? You can claim that Bitcoin is being used as a speculative investment asset and there is no requirement to be used in payments. But I disagree. The value for Bitcoin comes from its usage. If Bitcoin is not used for payments, then it's value will disappear gradually.

[Betwrong]

According to its Q2 summary, Tesla reports that's holds $1.3billion Bitcoin. Price fluctuations can be caused by a number of factors but definitely not entirely on Bitcoin whales (Elon, Saylor) or Rumors from Amazon. Some factors influencing Bitcoin price include; demand and supply, political events, changes in the Bitcoin community, mass media, government regulations etc. For the newbies and weak hands, here "it's important to remember and understand that Bitcoin a very volatile asset class, You have to be comfortable with the swings and you have to be comfortable also losing your money." -Anjali Jariwala

https://twitter.com/DocumentingBTC/status/1420873248011661313?s=19

Imo, once we mention "demand and supply" nothing else should be talked about as equivalent factors. All events we can think of affect demand and supply, and the price is determined by the balance between them.

~
The irrational nature of the market is one of my least favourite things about it. It makes it harder for me to keep hope

When we can't understand something - we tend to call it "irrational". I'm not saying I understand the market, but I wouldn't go so far to call it "irrational". I think there's always some rational reasons for the price fluctuations, but it's not easy to figure them out, even post factum.

[19Nov16]

https://www.forbes.com/sites/martinrivers/2021/07/27/bitcoin-didnt-care-about-tesla-and-it-doesnt-care-about-amazon-either/?sh=48dd020513b8

of course bitcoin cares nothing about Tesla and Amazon because us people whos investing in this coin has care.

though Tesla is not part of our concern now yet Amazon is really a  big thing for us to be relief when the acceptance happens.

hope the finally Amazon will accept bitcoin or other cryptos .

And this is a real proof that the bitcoin market is very strong, not affected by big companies and even banned from many countries, more than $750B marketcap certainly makes bitcoin not easy to get rid of.

[Vishnu.Reang]

And this is a real proof that the bitcoin market is very strong, not affected by big companies and even banned from many countries, more than $750B marketcap certainly makes bitcoin not easy to get rid of.

If anything, the recent fluctuations show the weakness of Bitcoin. Hundreds of billions of USD in market cap was wiped out in a matter of few weeks, just because of a few tweets and rumors. Bitcoin market hasn't yet reached the required maturity and until then we will have to deal with such wild fluctuations. And remember that the statement from Amazon was interpreted as somewhat encouraging for the cryptocurrencies. Else, in all probability we would be having another round of bloodbath in the market.

[Silberman]

Sometimes I wonder why the media is always saying that Bitcoin’s price went up because of Tesla and Amazon or maybe one of these big influencers, because I really don’t see it that way. Of course I do know that these people can make an impact, such as Tesla making a billion dollar investment in the cryptocurrency market, but then you can’t saying that every move they make is affecting the market.

We were already looking forward to an increase even before these companies into the picture. The halving alone was enough to lead to up trend, and moreover there are times Bitcoin goes up and down, so it doesn’t have anything to do with these companies.

This is done because they want to create false expectations, we must remember that even if the purpose of the media is supposed to inform the public with the facts this is not true anymore, they want to get clicks, they want to be seen, they want to become news themselves and how can they achieve this? By giving outrageous news, that's how, so they create a narrative that the price of bitcoin now is completely dependent on big companies like that and people are going to read their articles and watch their videos to see why this is the case, when in fact the price of bitcoin just has its own dynamics and doesn't obey anyone.

[taufik123]

This is done because they want to create false expectations, we must remember that even if the purpose of the media is supposed to inform the public with the facts this is not true anymore, they want to get clicks, they want to be seen, they want to become news themselves and how can they achieve this? By giving outrageous news, that's how, so they create a narrative that the price of bitcoin now is completely dependent on big companies like that and people are going to read their articles and watch their videos to see why this is the case, when in fact the price of bitcoin just has its own dynamics and doesn't obey anyone.

some of the big media have a strong influence on bitcoin fundamentals and many are manipulated. the news that is issued sometimes slightly corners bitcoin. all arranged in such a way. FUD is widely spread and then some Good news is also spread to control market fundamentals. Bitcoin doesn't care about anyone, it's single bitcoin and doesn't depend on anything else.

[Distinctin]

Sometimes I wonder why the media is always saying that Bitcoin’s price went up because of Tesla and Amazon or maybe one of these big influencers, because I really don’t see it that way. Of course I do know that these people can make an impact, such as Tesla making a billion dollar investment in the cryptocurrency market, but then you can’t saying that every move they make is affecting the market.

We were already looking forward to an increase even before these companies into the picture. The halving alone was enough to lead to up trend, and moreover there are times Bitcoin goes up and down, so it doesn’t have anything to do with these companies.

This is done because they want to create false expectations, we must remember that even if the purpose of the media is supposed to inform the public with the facts this is not true anymore, they want to get clicks, they want to be seen, they waniat to become news themselves and how can they achieve this? By giving outrageous news, that's how, so they create a narrative that the price of bitcoin now is completely dependent on big companies like that and people are going to read their articles and watch their videos to see why this is the case, when in fact the price of bitcoin just has its own dynamics and doesn't obey anyone.

Tesla is trying to manipulate the crypto market just like what Elon Musk also did. But unfortunately, things don't come out exactly what's on their plan. Even Amazon has leave a big impact on bitcoin but later on, the price still recovers.

This just proves that bitcoin is not relying any one or any big company to create an upward trend. Remember that China has also leave a huge impact into bitcoin and resulted into a long dump but through positive news and great opportunities offered to bitcoin, its price still manage to recover.

[wheelz1200]

At the beginning of this year, Tesla announced that it would accept Bitcoin as a payment for car purchases, and the price of Bitcoin has skyrocketed as a result. In May, after Musk announced that Tesla would no longer accept Bitcoin as a payment option due to environmental concerns, the price of Bitcoin began to dive. At the beginning of July, Musk said that Tesla would resume accepting Bitcoin in the future. Last week, Amazon issued a message to recruit people in charge of digital currency and blockchain products, which aroused people's attention. Therefore, many people would think these news caused changes in the price of Bitcoin.

Trendlines act as support and resistance levels once widely recognized by traders, creating either a floor for price-action recovery or a ceiling for downward momentum to resume.

But bitcoin price fluctuations are largely affected by technical indicators rather than basic events. Bitcoin's short-term upward trend began before Amazon's job advertisement was announced, and the pace of the trend does not seem to be affected by news reports. These news will affect Bitcoin's short-term price fluctuations. In the long run, Bitcoin will not care about Amazon's recruitment information or Tesla's sentiment to cause price fluctuations.



https://www.forbes.com/sites/martinrivers/2021/07/27/bitcoin-didnt-care-about-tesla-and-it-doesnt-care-about-amazon-either/?sh=48dd020513b8

Back in the day these announcements would shake the price for sure.  Now, meh.  Alts get affected with major business linking themselves to a particular crypto, but it's almost expected when you hear them linked to bitcoin.  I mean it's pretty inevitable now if they want to be relent in terms of the crypto sphere they will need to accept bitcoin to some degree.