Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Master107 on May 13, 2021, 04:16:20 AM
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Tesla Inc. Chief Executive Elon Musk said the company has suspended accepting bitcoin as payment for its vehicles.
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal,” Mr. Musk said Wednesday on Twitter.
Bitcoin’s value against the dollar fell more than 5% after Mr. Musk’s tweet.
Tesla earlier this year began to accept the cryptocurrency as payment for products sold in the U.S. The company also made a big financial bet on bitcoin when it bought $1.5 billion worth of the cryptocurrency in the first quarter. Tesla has since sold some of those holdings, a move that boosted first-quarter earnings. Source (https://www.wsj.com/articles/elon-musk-says-tesla-suspends-accepting-bitcoin-for-vehicle-purchases-11620858838?mod=e2fb&fbclid=IwAR2kJG-um0w8RApFFx__-XDH51mjqFrjITibIHYuaIjjiQnZRADKz_TBqpY)
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I don't know what you guys think, but I think Tesla and Elon Musk are treating people like idiots. Nobody at Tesla knew how Bitcoin is mined?. Did Elon Musk think that Bitcoin was mined with batteries from a remote control?. I can not believe it...
My question now is: Has Tesla put its Bitcoins up for sale before the announcement and waited for the price to drop to buy again?. I think the answer is very simple.
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I don't know what the current state of Bitcoin can be. Because of the various good news bad news about Bitcoin is currently being heard the most. Tesla has suspended bitcoin transactions. But let's see what the future holds.
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I don't know what the current state of Bitcoin can be. Because of the various good news bad news about Bitcoin is currently being heard the most. Tesla has suspended bitcoin transactions. But let's see what the future holds.
Tesla has not suspended Bitcoin transactions, it has suspended the acceptance of Bitcoin as a payment method for its cars. The good news is that Tesla didn't even start to accept it, so there's nothing to worry about. I think it's been pretty clear that it was all a manipulation to give Doge more visibility, let each draw their own conclusions.
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A few days ago, Elon Musk's Tesla cars could be bought with Bitcoin.Then the price of bitcoin increased a lot But now he has announced again that his Tesla cars cannot be bought with Bitcoin.Since then, the price of Bitcoin has started falling again.Will the market price of Bitcoin fluctuate in the hands of Elon Musk?I think the value of all cryptocurrency coins will go up again.
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A few days ago, Elon Musk's Tesla cars could be bought with Bitcoin.Then the price of bitcoin increased a lot But now he has announced again that his Tesla cars cannot be bought with Bitcoin.Since then, the price of Bitcoin has started falling again.Will the market price of Bitcoin fluctuate in the hands of Elon Musk?I think the value of all cryptocurrency coins will go up again.
The good news is that a lot of people (but not enough) have already realized what Tesla and Elon Musk have done with Bitcoin and Doge. The bad news is that there are still people who will act on Elon Musk's words, especially when it comes to Doge, rather than make reasoned decisions for themselves, when those people lose their money (and many have already) they will realize their mistake.