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Author Topic: Bitcoin price fall, Tesla CEO may loose community respect.  (Read 7896 times)

Offline Bobcrypto

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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?

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Offline Review Master

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #1 on: May 13, 2021, 09:33:23 PM »
What do you think?

TBH, Elon Musk is just playing with the emotion of general people and spreading just fud without any research. Just look into the included picture where we can clearly see that bitcoin only has 0.13% for annual CO2 emmission globally as compare to others. Also, many miners already started to use green engery for mining as those are great for both mining and environment. This is just one kind of fuds and nothing else which is already happened in the market previously. No one cares about spaceX rocket launch effect or gold mining which is literally deforesting and eating the mother earth. But Elon needs to make this type of fuds so that he can adopt dogecoin and pump more which is ridiculous.

More Details of this picture in here: https://hashoveride.medium.com/we-need-to-talk-about-the-climate-problem-in-bitcoin-mining-34b1985bd67a
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Offline nicecrypto

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #2 on: May 14, 2021, 08:11:29 AM »
In my opinion and as far as I am concerned, Elon just confirmed his true Business mind. It is all about him making profits and nothing else because like you said,

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?

An organization like Tesla should have done their research on Bitcoin even before investing, so for him to come out after Investing, Making and taking profits off Bitcoin to now make this king of trash comment about Bitcoin and energy consumption, I believe he is just manipulating the market and I wonder what will happen to Dogecoin after all this hype. 

Offline Anonylz

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #3 on: May 14, 2021, 08:51:38 AM »
No question about losing community respect because that has already happened and coupled with the lies cos I see his tweet as lies. Certainly, you would expect an organization like Tesla to have done their research on an Investment opportunity like Bitcoin which has been around and they must have had good knowledge about, to now turn round even after investing, and I agree with you @nicecrypto they must have taken profits since he announced that they invested or is he going to tell us he invested and didn't make profits? to now come and say this about bitcoin. I too think it is a low point for Elon musk.

Offline Delgboke

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #4 on: May 14, 2021, 11:36:37 AM »
In my own side of view based on the matter on ground concerning the statement coming from Tesla CEO concerning Bitcoin mining and investment, don't people think that the statement made by Tesla CEO has internal issue may be they want the price of Bitcoin and Cryptocurrency to drop so that they can acquire more coins and tokens for their own benefit before people will notice what is happening so may have sold out there own coins in their own power. So I think people should be more careful on what they hear from such people before loosing their investment.
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Offline masterrex

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #5 on: May 14, 2021, 02:54:36 PM »
I think it doesn't matter because Elon is not relying on cryptocurrency because he's involved in a real-world business he is a tycoon the second richest person on earth that's why Elon Musk doesn't need that respect from the crypto community and the same also the Crypto community and industry doesn't need Elon Musk respect because the crypto industry can survive without Elon Musk so let us remind ourselves that it's pure nonsense the crypto market can easily react to the information around the world like the Israeli Palestinian conflict the ongoing tension was already uncontrolled and big powers are already involved that might lead to a very serious problem maybe that was part of the reason why the market goes down. and not all are about Elon Musk's statement. peace   

Offline Senin

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #6 on: May 16, 2021, 06:31:34 AM »
This will depend on the subsequent actions and statements of Elon Musk regarding the cryptocurrency. Now many are perplexed by his contradictory statements about bitcoin. Most likely, if he again speaks out positively about him and the market starts to rise again, he will be forgiven for saying that bitcoin mining is causing harm to the environment. I agree that this is some kind of rash step by Elon Musk, or it was simply influenced from the outside.

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #6 on: May 16, 2021, 06:31:34 AM »


Offline TomPluz

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #7 on: May 16, 2021, 07:19:31 AM »


I used to greatly admire Mr. Elon Musk because I fully know his immense success as an entrepreneur and when he started to use his huge influence to make sure that Bitcoin and Dogecoin get the credit they deserved I was then cheering him on. However, when things started to get foul like his decision to let go of BTC as a payment option for tesla's cars due to the fossil energy that mining of Bitcoin is into without first vetting on whether the question can be legit or not, my admiration turned into disappointment. I am sure that there is a big pressure pushed against Tesla and Elon that is why they decided to stop support for Bitcoin. Anyway, Tesla and Elon will never be equated with the life and support with Bitcoin. Hell, he has never been part of the Bitcoin story anyway...he is just a guest in this industry.

And when a guest is not behaving well, we usually send that person home. Goodbye, Elon may you have a great time in your Mars.



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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #8 on: May 17, 2021, 05:51:10 AM »
Virtually every cryptocurrency community gained the trust of Tesla Company executives, more respectfully had to continue various tweets. However, the current situation has not heard such a buzz of popularity or respect. In my opinion or many cryptocurrency users think Tesla was interested in bitcoin transactions. But no one used Bitcoin to buy Tesla's cars. So approved, but not a bitcoin transaction. That's why Tesla CEO Elon Musk has suspended Bitcoin.

Offline monig18

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #9 on: May 17, 2021, 07:24:57 AM »
These people/companies  are playing with people's emotions and money.Due to their created FOMO and FUD many peoples are loosing their Accumulated capital.First They Pumped and Dumped Dogecoin .Then There was a turn of shibu. Now Bitcoin is crashing Badly due to their act.That's why they are loosing Respect.These companies/peoples become a symbol of fear.

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #10 on: May 17, 2021, 04:04:44 PM »
Bitcoin prices have plummeted since Elon Musk posted about Bitcoin on his official Twitter page.That Tesla will no longer support Bitcoin. Since then, the value of bitcoins has begun to decline. Many now say that Elon Musk is the regulator of Bitcoin.But I believe the bitcoin market will turn around again.
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Offline Review Master

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #11 on: May 17, 2021, 05:16:54 PM »
Many now say that Elon Musk is the regulator of Bitcoin.

Those are panic users who just blindly follow any influencers statements without any research and eventually thunking like that those influencers are the only one who can do anything by their statements. But they're in the wrong thinkings because many people will come into this market and left behind, but bitcoin won't stop for those. So it's right that market will rebound soon.
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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #12 on: May 17, 2021, 05:31:29 PM »
Respect is earned, if Elon Musk wants the crypto community to respect him, the first thing he should have done is not treat the crypto community as if we were idiots. No one with at least one neuron believes his latest statements that he did not know how Bitcoin was mined, that seems to me another insult to the community. If Elon wants respect he must earn it.
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Offline mahadev

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #13 on: May 17, 2021, 05:33:35 PM »
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?

I think It's just market strategy because Elon musk will pump other coin, maybe doge or ripple.
Keep calm, negative issue will effect temporary.
I think at this week we will see the market will green again, No worries about crypto currency market.
Keep calm and hold your coin or buy more and hold them
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Offline gurunanakji777

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Re: Bitcoin price fall, Tesla CEO may loose community respect.
« Reply #14 on: May 17, 2021, 07:53:18 PM »
I would say the recent Elon statement about Bitcoin is childish. I believe he gains huge respect from the crypto community but now his tweets are damaging the market to some extent and he should be wise enough while tweeting as it can harm other traders as well. I feel soon traders will not react to Elon's statement that would be a better approach for this crypto market.

 

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