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Tesla no longer accepts Bitcoin due to climate impact

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Re: Tesla no longer accepts Bitcoin due to climate impact

#11

Post by Aqua »

lwhi wrote: post #2

I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

Absolutely. If anyone believes this bs they're just enabling and encouraging musk to continue manipulating markets as he pleases. People will now start praising his decision but make no mistake, I don't know what was the real reason behind it but sure as hell it wasn't climate change and the way musk goes about releasing information that is moving markets is contemtable

Re: Tesla no longer accepts Bitcoin due to climate impact

#12

Post by input_sh »

lwhi wrote: post #2

I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

> I see this as market manipulation.

Absolutely. Any mention of cryptocurrency by Musk or his companies instantly reflects on the price and there's no way in hell Musk doesn't know that. Happened with Dogecoin like a week ago (after his SNL appearance), happening again.

Re: Tesla no longer accepts Bitcoin due to climate impact

#13

Post by amelius »

ptsneves wrote: post #3

Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy

We need proof of CO2 scrubbing.

Re: Tesla no longer accepts Bitcoin due to climate impact

#14

Post by cvak »

lwhi wrote: post #2

I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

Well, they might saw the backslash in environmentalist community, that used to be their main supporters. That's imo a pretty big sudden information.

Re: Tesla no longer accepts Bitcoin due to climate impact

#17

Post by arcticbull »

lwhi wrote: post #2

I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

Yeah, he's just enacting retribution on the SEC for the tweetsitter they appointed due to him ... manipulating the market. ($420 funding secured, anyone?)

Re: Tesla no longer accepts Bitcoin due to climate impact

#18

Post by pydry »

lwhi wrote: post #2

I see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.

He effectively got away with doing it on TSLA why not try it out on BTC and doge coin too?

Or maybe he sees something coming in crypo the rest of us don't (e.g. regulatory crackdown).

Re: Tesla no longer accepts Bitcoin due to climate impact

#19

Post by kgwgk »

arcticbull wrote: post #10

So far, Elon/Tesla: 1. Bought a bunch of Bitcoin. 2. Announced they were going to accept Bitcoin, sending the price up. 3. Sold a bunch of Bitcoin to pad out otherwise poor earnings, citing their goal of "testing liquidity of the market." 4. Announced they were going to stop accepting Bitcoin, sending the price plummeting. As though he didn't know the environmental impact a week ago? As though he didn't check for liq…

Maybe there was a 3b we don’t know about yet.

Re: Tesla no longer accepts Bitcoin due to climate impact

#20

Post by float4 »

ptsneves wrote: post #3

Hope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy

Cardano
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