Bitcoin price fall, Tesla CEO may loose community respect.

[Confero]

There's no need to blame Elon Musk when the Bitcoin price crashed yesterday, even if that was the impact of his tweet on Twitter. If we didn't listen to Elon Musk's words and didn't have to sell our Coins, then the price wouldn't go down. But this is what is called fluctuation, the price can go up and down very quickly.  The important thing is, we can benefit in every situation and condition that occurs.

[mlawson71]

Unfortunately a whole lot of people do listen to his tweets and do sell their Bitcoins.

[Toshko]

Do not hate on Elon Musk. No PR is bad. On general - he promoted crypto currencies with his reach and will continue to do so. This is good for the long term both for Bitcoin and for Altcoins.

[Freemind]

Do not hate on Elon Musk. No PR is bad. On general - he promoted crypto currencies with his reach and will continue to do so. This is good for the long term both for Bitcoin and for Altcoins.

I don't know what you think, but I think it's useless to promote something and then try to sink it. Also, the biggest problem is not that Tesla does not accept Bitcoin as a payment method or that the market goes down, for me the problem is that they take people for idiots saying that they did not know that Bitcoin consumes so much energy to be mined. I still think it was a "tactic" to give Doge more visibility.

[Logitech50]

the time, the company described the investment as part of Square’s ongoing commitment to bitcoin," noting that "the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.

[zilzylian]

-snip-
What do you think?

After seeing the decline in the price of BTC that has occurred in May to date, it seems that Elon had planned this before he intended to accept payments using BTC, he had done his research and actually he already knew that miners were using fossil energy, wind and solar, but he persisted. accept BTC then, in a long time, we will see some companies accept BTC for payment, maybe Alibaba will accept BTC for payment.

[lepbagong]

-snip-
What do you think?

After seeing the decline in the price of BTC that has occurred in May to date, it seems that Elon had planned this before he intended to accept payments using BTC, he had done his research and actually he already knew that miners were using fossil energy, wind and solar, but he persisted. accept BTC then, in a long time, we will see some companies accept BTC for payment, maybe Alibaba will accept BTC for payment.

In fact, he actually uses what he has in him with many followers on social media and as a business person, to be able to influence people to follow the rhythm of what he wants and all are persuaded to join. but all do not know that there is a certain intention that is to seek profit for himself.

all ways to influence people may be done with good ethics and can indeed be used as a guide not only to confuse and benefit personally. this method certainly will not be good for the future of crypto, fortunately there are still many who are not affected by his words, so it does not worsen bitcoin.

[gotbounty]

in a long time, we will see some companies accept BTC for payment, maybe Alibaba will accept BTC for payment.

I am not sure about this, but it is not impossible. We must see how the progress of Bitcoin adoption first, also how good the reputation of Bitcoin in the future. If the reputation of Bitcoin is getting better in the future, it is possible for Alibaba to adopt Bitcoin as a payment tool there. But if it is getting worse, Alibaba won't be too brave to accept it as a payment tool.

[Cryptoz]

Tesla's community will not be influenced by this kind of market situation.
There is no consideration why they should be. If they think that Bitcoin drops because of the CEO of Tesla, it is not exactly 100% right. We know that there are several FUDs that make Bitcoin prices always fall down. And we can see how Tesla is still big because their community even not care to BTC

[Freemind]

Bitcoin and the rest of cryptocurrencies have gotten where they are thanks to the crypto community, not thanks to Tesla, or Alibaba, or any global company. Elon Musk went into crypto to make money and control Doge's supply for economic interest, not to make cryptocurrencies better known to the world. His bad practices and manipulations begin to have their consequences, every day fewer people believe in his words, and it is the best for everyone, we do not need toxic people.

[mlawson71]

Elon Musk has so much money that I doubt he cares much either way. It's the community that needs to let go of him, I think.

[UNIVERSE]

They won't. Tesla is a big global company that has a big community and also numerous followers, as Elon Musk is also the CEO of it. We know how powerful Elon Musk is. By his statement on his Twitter, he can give a very big influence on the price.
And what he does to Bitcoin will not make their fans turn to lose faith in tesla.

[Freemind]

Elon Musk has so much money that I doubt he cares much either way. It's the community that needs to let go of him, I think.

I don't think these things have anything in common, money doesn't give you people's respect. If we read a little history in all the countries of the world the richest are usually the most hated, and not because of envy, but because of the way they have made their fortunes.

They won't. Tesla is a big global company that has a big community and also numerous followers, as Elon Musk is also the CEO of it. We know how powerful Elon Musk is. By his statement on his Twitter, he can give a very big influence on the price.
And what he does to Bitcoin will not make their fans turn to lose faith in tesla.

Yesterday, Elon Musk said he was considering Tesla accepting Bitcoin as a payment method again, Elon's influence is inconsistent, and that is not positive for a person with so many followers around the world. Today I say yes but tomorrow I will say no.

[Anonylz]

Elon Musk has so much money that I doubt he cares much either way. It's the community that needs to let go of him, I think.

I don't think these things have anything in common, money doesn't give you people's respect. If we read a little history in all the countries of the world the richest are usually the most hated, and not because of envy, but because of the way they have made their fortunes.

They won't. Tesla is a big global company that has a big community and also numerous followers, as Elon Musk is also the CEO of it. We know how powerful Elon Musk is. By his statement on his Twitter, he can give a very big influence on the price.
And what he does to Bitcoin will not make their fans turn to lose faith in tesla.

Yesterday, Elon Musk said he was considering Tesla accepting Bitcoin as a payment method again, Elon's influence is inconsistent, and that is not positive for a person with so many followers around the world. Today I say yes but tomorrow I will say no.

One thing I conclude for Elon musk even then was that, everything he does was for him to make profit which should be the case. An Elon musk cannot claim they didn't know how Bitcoin was being mined and how much energy consumption it needs and yesterday a new story of even spaceX owning some amount of Bitcoin all along with it been made public and that Tesla might start accepting Bitcoin again.
I believe the guy is trying to be relevant everywhere because he knows with his status, he will be listened to.

[mlawson71]

I completely agree. There is no way he was not aware. He's a man with enormous resources and people working for him would've researched that for him and presented him with reports.