Bitcoin crashes as Elon Musk tweets Teslas can’t be bought with crypto
Tesla had previously purchased billions of dollars worth of the cryptocurrency
www.independent.co.uk
Elon Musk causes bitcoin crash announcing Tesla cars can no longer be bought with cryptocurrency
- Thread starter Charlemagne
- Start date
www.independent.co.uk
Does this mean they have to shut down some of the power generating facilities that they have brought back up just to "mine" crypto currency? CC is Gresham's Law in action. Elon is smarter than he looks (low bar, I knowBitcoin crashes as Elon Musk tweets Teslas can’t be bought with crypto
Tesla had previously purchased billions of dollars worth of the cryptocurrency
)...Musk has done some great things with Tesla and Spacex etc... in many ways he's a visionary, in many ways he's an idiot. So be it.
But this is blatant and outright market manipulation. Buy a thing (bit coin) talk it up using your huge media presence, and convince your loyal fans to buy it (So they can use it to buy your cars). Then conveniently change your mind after making a butt ton of $$. You can bet he dumped every penny's worth of BItcoin at a massive profit before he had this great moment of awakening. He tried to manipulate Tesla stock but made the mistake of forgetting about insider trading laws, this time he's found something with an an unregulated market. It's like the Hunt brothers trying to corner the market in silver, a game as old as money itself.
Remember Elon fans, Elon only cares about himself. He has no loyalty to you. If he thought he could get away with it he'd gladly melt you down and turn you into rocket fuel if it would get him to Mars faster.
But this is blatant and outright market manipulation. Buy a thing (bit coin) talk it up using your huge media presence, and convince your loyal fans to buy it (So they can use it to buy your cars). Then conveniently change your mind after making a butt ton of $$. You can bet he dumped every penny's worth of BItcoin at a massive profit before he had this great moment of awakening. He tried to manipulate Tesla stock but made the mistake of forgetting about insider trading laws, this time he's found something with an an unregulated market. It's like the Hunt brothers trying to corner the market in silver, a game as old as money itself.
Remember Elon fans, Elon only cares about himself. He has no loyalty to you. If he thought he could get away with it he'd gladly melt you down and turn you into rocket fuel if it would get him to Mars faster.
Elon is driving down the value of bitcoin to buy more and then announce you can buy Tesla with bitcoin to drive the value up again.
It was great. I bought in more to a few alt coins. One is up nicely, the rest will follow in a bit.
He would have to report it as its part of the company balance sheet. The real question is how much did he buy after. Wall St has been trying to drop its price for months now to drive out retail investors. Doing so with a tame financial press and govt connections(see XRP legal) so they can set the rules.
It isn't working well. The shook out a few weak hands but most are in it for the long haul.
Thanks! He owns 1.5 billion in Bitcoins, he has no interest in a dip except to buy more. I have been buying too
Interesting to see what happens with SEC vs Ripple. It will be a benchmark case.
I saw a report he sold 10% of the holdings. No report on a dip buy yet.Thanks! He owns 1.5 billion in Bitcoins, he has no interest in a dip except to buy more. I have been buying too
Looking bad for the SEC. The Judge is calling them out on various things. Not letting run over things. Word is they want to settle now.
Buy Cardano.Thanks! He owns 1.5 billion in Bitcoins, he has no interest in a dip except to buy more. I have been buying too
Bitcoin consumes 'more electricity than Argentina'
The rising value of Bitcoin leads to ever-higher energy consumption, researchers say.
www.bbc.com
Cardano is unfortunately not available on Coinomi. I cannot log in my Coinbase wallet because of their terrible services. I opted for ETH, DASH, Digibyte, and BNB. I am still a baby and learning!
That is a pretty arrogant comment considering he probably achieved more just today then you will your entire life lol.Elon is smarter than he looks (low bar, I know
They have been working on it for years. Scare tactics and manipulation. As if people enjoy seeing their savings going down because the service fees are higher than their interest rate at the bank.
