Bitcoin price fall, Tesla CEO may loose community respect.

[alltalk]

Probably but once more, Elon Musk will not care about it. He doesn't have a problem with money. Regarding community respect, since he is rich and popular, there should be always people who follow him. So, it is not difficult for him to influence people's interests. I'm very sure that community won't really leave him.

[I-Bit]

What is the relation between Bitcoin price and Elon Musk? Bitcoin price fall is normal and this is likely on the cycle.
SO, it is not the fault of Elon
Even if Elon tried to speak about the rate of Bitcoin and the BTC dropped, it doesn't mean losing respect for him. He is still a popular and reputable person in the world.

[Noverteno]

Probably but once more, Elon Musk will not care about it. He doesn't have a problem with money. Regarding community respect, since he is rich and popular, there should be always people who follow him. So, it is not difficult for him to influence people's interests. I'm very sure that community won't really leave him.

Does not Elon Musk have money problems? How then to explain the sale by Tesla in the second quarter of this year of 75 percent of their bitcoins at a price of $29,000? Only disbelief in the price prospects of bitcoin? Still, it is most likely that this company has significant financial problems. But in any case, the authority of Elon Musk will fall after such actions of his company.

[Freemind]

Does not Elon Musk have money problems? How then to explain the sale by Tesla in the second quarter of this year of 75 percent of their bitcoins at a price of $29,000? Only disbelief in the price prospects of bitcoin? Still, it is most likely that this company has significant financial problems. But in any case, the authority of Elon Musk will fall after such actions of his company.

No, Elon Musk has no financial problems, but the sale (at a loss) of those Bitcoins has a very simple explanation, manipulation. When Tesla announced in 2021 that it would accept Bitcoin as a payment method, they knew very well that they would not, it was all designed to grow Doge. No one in their right mind can believe that the owner of some of the largest technology companies in the world did not know that electricity is needed to mine Bitcoin. Everything was scheduled, like this latest sale of Bitcoins.

[Astra]

Does not Elon Musk have money problems? How then to explain the sale by Tesla in the second quarter of this year of 75 percent of their bitcoins at a price of $29,000? Only disbelief in the price prospects of bitcoin? Still, it is most likely that this company has significant financial problems. But in any case, the authority of Elon Musk will fall after such actions of his company.

No, Elon Musk has no financial problems, but the sale (at a loss) of those Bitcoins has a very simple explanation, manipulation. When Tesla announced in 2021 that it would accept Bitcoin as a payment method, they knew very well that they would not, it was all designed to grow Doge. No one in their right mind can believe that the owner of some of the largest technology companies in the world did not know that electricity is needed to mine Bitcoin. Everything was scheduled, like this latest sale of Bitcoins.

Oddly enough, Elon Musk said at a conference on August 5 that buying bitcoin early last year and then selling it 90 percent this year at $29,000 made Tesla $64 million in profits. This confirms that businessmen in the first place are making a profit, and not maintaining a decentralized cryptocurrency. With the image of Elon Musk, everything will be all right. He will again write something positive about cryptocurrency on social networks and will again be on top.

[yohananaomi]

talking about Tesla CEO and bitcoin, I think Elon musk is one of big Investor in crypto currency.
But we know, bitcoin is owned by many people.
So, I don't think bitcoin and altcoin are depending on Elon musk, It's been just fomo

That's the advantage that Elon Musk has, with his cleverness in exploiting his fame as a well-known businessman who is able to make people believe what is said. even though we know as a businessman his main goal is to make profit and that has been done with many who are tempted by what he says, so that he gets the benefits to be able to make profits for himself and the company.
I agree with you guys, don't believe that crypto depends only on someone like Elon Musk though, because all opportunities are equal.

[de_prof]

In my opinion, the respect the crypto community has accorded the the Tesla CEO may come to a stop if the unresearched comments about Bitcoin on energy and the environment continue to affect investors, traders, and participants. In a recent tweet from Tesla CEO,
the value of Btc continue to affect the crypto market with many people loosing their investments as a result of the the statement on Btc mining and transactions effects on the environment. I think a through research should have been considered before accepting btc as a payment for Tesla cars. This is because the effects of mining and it's impacts on the environment were already existing before now. What do you think?

Current bitcoin price falls because it's bearish season.
I think bitcoin price didn't depend.on Tesla CEO.
Bitcoin has been owned by many investors.
So, keep hold, bullish will happen two years again.

[Arkann]

Analysts point to the intensive integration of the cryptocurrency market into the traditional financial system.  In their opinion, this creates certain risks for global financial stability, since turmoil in the cryptocurrency market may spill over to stock markets.

[Yuliya Nekrshevskaya]

In my opinion, the respect the crypto community has accorded the the Tesla CEO may come to a stop if the unresearched comments about Bitcoin on energy and the environment continue to affect investors, traders, and participants. In a recent tweet from Tesla CEO,
the value of Btc continue to affect the crypto market with many people loosing their investments as a result of the the statement on Btc mining and transactions effects on the environment. I think a through research should have been considered before accepting btc as a payment for Tesla cars. This is because the effects of mining and it's impacts on the environment were already existing before now. What do you think?

As for Ilon Musk, like everyone else, he is looking for his own profit, it is not worth putting him on a pedestal.
Tesla's last report for the second quarter states that Tesla continues to store bitcoins and does not sell them, although at the current price of BTC this led to a small loss.

[Muneeb22]

Bitcoin is a great market and this time the BTC price is down but soon the price go high becasue soon the whales will start to invest in this market and that time the market make a big pump and the BTC will touches the $200,000 this time and with the BTC all the crypto coins will make great high also.

[nakmantu99]

Bitcoin is a great market and this time the BTC price is down but soon the price go high becasue soon the whales will start to invest in this market and that time the market make a big pump and the BTC will touches the $200,000 this time and with the BTC all the crypto coins will make great high also.

200K USD , I think It's too far to talk about this.
Bitcoin is very potential but need long time to hit more 200 K USD .
Maybe It will happen  more fiver years again.
But we need free money if we want to hold.

[VictorN]

In my opinion, he might not loose the respect of the community but instead the community would loose their trust on bitcoin and the crypto currency if its price can be easily affected by the statements and common tweets of a single man. It shouldn't be like this. Decentralisation means absolutely zero control on price and now we are seeing the total opposite with the statement of a single man with influence. That is not a good image for bitcoin and the crypto space all together.

[vegasus]

Do you mean Elon Musk to lose the respect of the community?
I think Elon Musk doesn't care about the community's respect. Elon Musk only predicts about the price, he can't guarantee about the future price of a crypto coin. So, if the price can't be the same as his prediction, it is not his wrong since he only predicted. However, Tesla also invested in Bitcoin, but Elon Musk feels not worried.

[lepbagong]

Do you mean Elon Musk to lose the respect of the community?
I think Elon Musk doesn't care about the community's respect. Elon Musk only predicts about the price, he can't guarantee about the future price of a crypto coin. So, if the price can't be the same as his prediction, it is not his wrong since he only predicted. However, Tesla also invested in Bitcoin, but Elon Musk feels not worried.

Actually, whatever Elon Musk does is just an opinion and it is possible that his opinion has elements to benefit him (remember he is a businessman who wants to stay profitable) and it can't be avoided, but what is wrong is reading his tweet when responding.
they should want to understand that at this moment Elon Musk can't provide his support to lift the doge so he doesn't fall, so he can't do that if the bear market has come.
but i agree that elon musk's trust in crypto is very high and he does a lot of it and he always needs crypto to support his work.

[Arkann]

Bitcoin is a great market and this time the BTC price is down but soon the price go high becasue soon the whales will start to invest in this market and that time the market make a big pump and the BTC will touches the $200,000 this time and with the BTC all the crypto coins will make great high also.

200K USD , I think It's too far to talk about this.
Bitcoin is very potential but need long time to hit more 200 K USD .
Maybe It will happen  more fiver years again.
But we need free money if we want to hold.

Bitcoin has been and remains the main player in the cryptocurrency market since the first moment of its release.  Many large investors who previously did not even think about buying it are investing their money right now.