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Author Topic: Is Tesla going to accept BTC again soon?  (Read 385 times)
FinneysTrueVision
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August 27, 2021, 04:21:57 AM
 #21

The green energy percentage is sort of nebulous. There is no definitive way to determine how much mining energy is considered green energy. It is really just up to Elon Musk to decide if he wants them to accept it again. Once all the different studies are in agreement that the majority is green energy I think they will probably begin re-accepting it, otherwise it would be a bad look.

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August 27, 2021, 04:27:13 AM
 #22

at first i was interested in things related to elon but now i don't really follow and even still not interested about what he does be it positive or negative about btc. because his statement is always changing all the time and can not be trusted completely.
the issue of whether elon and tesla will return to accepting bitcoin after the energy consumption problem is resolved I'm not sure if they will care or not. they seem to care about this but on a closer look I'm not sure about it. because Elon only cares about his world not with btc.
even if renewable energy solves the problem of mining this won't guarantee it will be friendly to btc, but it doesn't matter because elon is there or not I don't really care about that, although indeed with him he can at least have a good influence on btc because influencers like him have a lot of followers.
I never believed what he said, it was all lies. He is trying to manipulate the market without good intentions with bitcoin. He despised everyone who put their trust in him. And now, all the news about tesla and Elon no longer affects the market. Everyone recognized his true nature. The future of crypto and bitcoin doesn't need tesla and elon. Everything is fine without them.

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August 27, 2021, 04:48:07 AM
 #23

At the B-word event, and on other occasions, Elon said Tesla was going to accept BTC again when its mining would have become "greener" (at least 50% of green energy usage).


That was another lie made by Elon Musk. It was the time to think that Elon Musk is here in crypto just to show who really he is. Several times that he said that, too many times making tweets for accepting Bitcoin but too unfortunate it all just a lie and I think, there is nothing left a trust for him. Maybe he is good outside crypto but certainly not in here.

"Mining become greener" that probably he is not in mining, as he never knows the situation. Maybe it was best to talk straight that he waits for the price of Bitcoin to reach $100k and sell his Bitcoin, that might be real.
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August 27, 2021, 07:33:57 AM
 #24

The impact is still quite serious, and Bitcoin, as the most popular currency among cryptocurrencies, coupled with Tesla brand car products, is of high quality. Accepting Bitcoin will also increase the utilization rate of Bitcoin. It will further promote the development of virtual currency, promote currency growth, reduce energy consumption, increase the market value of virtual currency, make virtual currency a circulating currency, and make it more acceptable in the market.
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August 27, 2021, 09:48:13 AM
 #25

Instead of accepting bitcoin, I think that he's more of buying bitcoin than accepting it as a payment. And aside from bitcoin accepting it through Tesla.
He should do better with his shilling of Dogecoin and start accepting it through Tesla and other companies that he owns. That does makes sense if he's really a lover of doge.
Doesnt really matter because this is just a matter of preference neither he would shill out bitcoin or doge then its up to him but the thing here is that the community is really highly reactive on whatever

things that he's tending to do and its none of our business on what he would do into his company and into his money. We are free on things that we do see that would be giving advantage.

Important thing here is that you do know on when to get in when hype is on peak and when to get out when its starts to be bitter.
It is about standing what he's talking about Dogecoin. He's been a fanatic and leader for his own Twitter community and keeps on saying good things about it. I'm not a hater of Dogecoin but that makes more sense as he gave some words about bitcoin that have some valid points. Yeah, he won't care what we say and that's why it's all about what I think that what's more probable. Whether Tesla accepts bitcoin or not again, what I'm pointing is his passion for Doge which isn't a secret.

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August 27, 2021, 11:09:43 AM
 #26

After the logic Elon Musk gave for the removal of Bitcoins from Tesla, there is technically no reason to revert it back and accept BTC. If he actually announces something like that, he is just manipulating the market.

I wish we could discuss why we need Tesla to accept Bitcoins or Does it actually matter at all if Tesla accepts BTC?

I might be missing something here but how does Tesla or any company accepting Bitcoins change things? You can convert your BTC into fiat and then buy Tesla or any car you want.

Yes if a company like Amazon accepts BTC, it would help a lot. This is because a car is not something you regularly buy but at Amazon you make regular purchases.

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August 27, 2021, 11:20:45 AM
 #27

Bitcoin prices have been volatile from the beginning investors get more profit by being volatile tesla began accepting bitcoin in transactions. Tesla suspends transactions in cryptocurrency at the time musk said cryptocurrency mining was more environmentally risky, so he would refrain from using it even if elon musk and tesla cut bitcoin investment rates there will be no impact on crypto and the market will rise based on demand. They are thinking of using bitcoin to improve them.
Didn't they already dropped the suspension for accepting bitcoin as a means to purchase their cars? I think there were articles already that said that mining isn't bad for the environment so I don't get why they still haven't done the right thing and accept bitcoin. This is just my theory but I think that this has some relation with Tesla in China, Elon is the slave of the government there so they might've asked him to abandon bitcoin or something.

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August 27, 2021, 12:22:32 PM
 #28

Honesty, I don't see any reason to get trapped into Tesla and their accept/reject bitcoin payment system. They should be accepting bitcoin payments if there will be demand from customers to pay with bitcoin otherwise they will lose their popularity and that's why I guess they will accept bitcoin payments again. But still, Elon is currently trying to pump doge and if they accept bitcoin there will be less attention to doge, so I guess currently and with the current situation they will not accept but soon they will due to the demand from customers.

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August 27, 2021, 02:24:30 PM
 #29

Elon is not a hero for bitcoin but he is a troublemaker in the bitcoin market,
but it doesn't matter if Tesla takes bitcoin as payment again, but don't be too trusting and bother with the opinions that Elon talks about bitcoin
and I'm sure bitcoin will continue to run and reach new ATH above 60k $ without tesla and elon
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August 27, 2021, 10:57:01 PM
 #30

Forget tesla.
they have bought low and gradually selling now till the dust. panic selling incoming now, people are talking another shit about amazon and thats a delicious ride for those who setting this a little drama to pump it up to get dropped to the lowest value in a year.

they are no longer interested (they never did) in bitcoin since the first day , its all bullshit.
Who told you that Tesla is selling bitcoins gradually? They are still holding the bitcoins they have bought. As far as I know, they only sold like around 10% of the coins to test the liquidity and that was like few months ago. So stop spreading rumors? Even if they end up selling their coins, it will affect the market, but that is going to be just a short term effect. The market will gradually recover. The amazon "shit" you are talking about was already addressed by the amazon team. They said they won't be accepting crypto currencies anytime soon.

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August 27, 2021, 11:18:21 PM
 #31

I really don't care if they do. The first time already was not real to me. Accepting for Bitcoin to be used for payment of Tesla cars and then waking up to discontinue the use of Bitcoin as payment. At some point, it felt like Tesla did'nt even want to accept Bitcoin. However, that has made me skeptic about what is said. If they choose to accept it a second time, I hope that they be serious about this time.
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August 28, 2021, 09:10:07 AM
 #32

In this case, the right question should be when Tesla or SpaceX will accept Doge coin, as Elon Musk was also responsible for the bull-run for Doge. It was a Hype we shouldn't wait for more consequences from it .
Well, he did have some power over Bitcoin as well, as when Tesla invested in Bitcoin, it triggered positive movement and helped Bitcoin to reach new heights, and, combined with China's mining restrictions, the announcement about Tesla stopping to accept Bitcoin was impactful. As for dogecoin, I don't think it'll be accepted as payment by Tesla, as the momentum for that decision is lost. I remember him making a poll on Twitter on whether Tesla should start accepting Doge, and the vast majority voted 'yes', but he decided against it anyway.
As for Bitcoin, it's indeed hard to make proper assessments as many mining farms operate illegally or at least undercover (pretending to be doing something else), and it isn't always easy to find out where your electricity is coming from (at least, in my country), so a reasonably accurate estimation is indeed hard to put together, as others have pointed out.

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August 28, 2021, 09:43:32 AM
 #33

Im not sure that the main investors was happy about this decision in the past. I dont think that Tesla will accept crypto anytime soon
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August 28, 2021, 01:17:32 PM
 #34

Nobody cares about buying a Tesla, they care about the announcement of such a thing driving the price up.

Well, of course, only a few will really take the opportunity to buy such a car by paying with BTC, and most would like to see EM announce again that his company is once again allowing payments with green BTC. But it's hard to believe that he can believe the story of how BTC mined in the US is much greener than those that were mined in China, because as you yourself wrote, the facts point to a completely different situation.

It makes no sense for an intelligent man to perceive the facts so wrongly, and to believe that crypto mining has such devastating effects on the environment. He sold us that story, but I don't believe it's true - besides, his companies still own BTC, so it's a bit hypocritical to say "I don't want transactions with BTC, but I don't mind having it in a crypto wallet."

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August 28, 2021, 08:44:55 PM
 #35

In this case, the right question should be when Tesla or SpaceX will accept Doge coin, as Elon Musk was also responsible for the bull-run for Doge. It was a Hype we shouldn't wait for more consequences from it .
Well, he did have some power over Bitcoin as well, as when Tesla invested in Bitcoin, it triggered positive movement and helped Bitcoin to reach new heights, and, combined with China's mining restrictions, the announcement about Tesla stopping to accept Bitcoin was impactful. As for dogecoin, I don't think it'll be accepted as payment by Tesla, as the momentum for that decision is lost. I remember him making a poll on Twitter on whether Tesla should start accepting Doge, and the vast majority voted 'yes', but he decided against it anyway.
That was a nice move in the sheme for Doge Hype. Musk played the role of Doge adopter in an excellent way moving the market in mess toward a useless cryptocurrency like Doge. I turned the question towards Doge (over bitcoin) as a way of mockery towards those who still believe in the effeciency of Tesla and other Elon's companies.
Yes Tesla mayb going to accept BTC as a way of paiement earlier or later, but for now, this move will only happen if Elon use it as a strategy to get more community trust in addition to money profit. Note that Elon Musk owe investors millions of dollars (God knows how much exactly) and didn't yet start generating profits from all his announced projects .

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August 28, 2021, 09:52:12 PM
 #36

Soon, no, even Elon Musk has realized the ways to solve the problem of Bitcoin mining, but it will take more times to realize.
Moreover, what we are expecting from it? Its good news that suddenly turned into bad news or FUD?
They can make the decision differently shortly and this will really give influence certainly to the crypto world, because he is Elon Musk, with its big power.

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August 29, 2021, 04:26:37 AM
 #37

The real question is "does it even matter?".
I'd say not at all, not for bitcoin and bitcoiners and not for Tesla itself. Accepting bitcoin payments was only an advertisement for their company and their stock value and it did its job when they first started the advertisement. But as Elon Musk started FUDing bitcoin his credibility declined and people will ignore him. Additionally even if Tesla starts accepting bitcoin it won't change their sales so it won't have any benefits either.

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August 29, 2021, 01:06:57 PM
 #38

if you ask if tesla will accept bitcoin again,, for now i am no longer interested in following the tesla company, the reason is because elon musk has no stand, his tweets often change, sometimes he posts negative things about bitcoin, and sometimes he also posts positive things about bitcoin, for that reason I personally am not very interested in following them anymore..
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August 29, 2021, 01:21:17 PM
 #39

if you ask if tesla will accept bitcoin again,, for now i am no longer interested in following the tesla company, the reason is because elon musk has no stand, his tweets often change, sometimes he posts negative things about bitcoin, and sometimes he also posts positive things about bitcoin, for that reason I personally am not very interested in following them anymore..

I probably hate Elon and Tesla more than you do, but still I understand that there is some benefit in Tesla accepting Bitcoin. I have no plans to purchase a Tesla vehicle anytime in the next 10 years, but let other Bitcoin users have the freedom to do that spending some of their coins. Tesla still have a lot of BTC in their cash reserves and it makes perfect sense for them to accept BTC again. Bitcoin has already provided them with $1 billion in profits. If they resume accepting Bitcoin, then hopefully Elon would keep his mouth shut this time and will not create chaos in the market.
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August 29, 2021, 01:50:21 PM
 #40

At the B-word event, and on other occasions, Elon said Tesla was going to accept BTC again when its mining would have become "greener" (at least 50% of green energy usage).

I don't really care what Tesla and crazy liar Elon Musk will do next but I know they are still holding a lot of Bitcoin and they can try to manipulate price few more times for making profit.
It's more likely he will try to create his own version of ''better Bitcoin'' like many before him tried and failed, so maybe we see him accepting payment for Tesla in his own coins.
I would prefer if they never accepted Bitcoin in the first place than creating circus show after that with his statements and removing support.

Is there a website or some on-chain indicators that could give that type of information?
No, you can't precisely measure how exactly green Bitcoin mining is and all this eco talk is just commercial for Elon kissing asses for carbon credits and globalist agenda.
All you can find is approximate amount of miners that are using power coming from hydro plants and that is not an easy task, especially measuring percentages.

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