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[SCAMEXPOSER]

Different reactions trend on media following the suspension of bitcoin payment by Tesla company through her CEO Elon Musk.

CEO of Celsius Network Alex Mashinsky emphasized that bitcoin still has a lot of prospects and will do well even without the input of Tesla CEO Elon Musk, Mashinsky said bitcoin as the best performing asset class in the last 10 years . He reiterated that Musk can not have it both ways by dumping Bitcoin after making $300 million worth of profit from Bitcoin in the first quarter.
Share your views.

 

[Wisdom01]

I wonder why elonmusk would actually do such thing and i think bitcoin was already gaining more momentum till it starts dropping futher after his tweet ,and i dont think he can still influence bitcoin

 

[SCAMEXPOSER]

I wonder why elonmusk would actually do such thing and i think bitcoin was already gaining more momentum till it starts dropping futher after his tweet ,and i dont think he can still influence bitcoin

There are a lot of development after his tweets especially on using renewable energy for mining Bitcoin so there is every possibility for fast recovery in coming days or weeks..

 

[Wisdom01]

There are a lot of development after his tweets especially on using renewable energy for mining Bitcoin so there is every possibility for fast recovery in coming days or weeks..

He already created fear when he said that telsa are no more accepting bitcoin as payment method, why would he accept before ,knowing fully well that telsa might no longer accept again later

 

[Brain]

Bitcoin is an independent crypto which can do fine without tesla. It's not a right thing if one man can controo the fate of a crypto edpecially bitcoin.

Definitely, bitcoin can still do well without Tesla.. Tesla was just a part of Bitcoin and that's was it. So it wouldn't stop Bitcoin was blooming when the time comes. It is just a matter of time

 

[SCAMEXPOSER]

Definitely, bitcoin can still do well without Tesla.. Tesla was just a part of Bitcoin and that's was it. So it wouldn't stop Bitcoin was blooming when the time comes. It is just a matter of time

Tesla has strong effect on bitcoin let be sincere, if the company decided to sell off it holding it will crash down the price significantly.

 

[Razor1911]

Tesla has strong effect on bitcoin let be sincere, if the company decided to sell off it holding it will crash down the price significantly.

Yeah, the past all time high had a huge contribution from Elon Musk comments, and we should not forget that. When Elon musk tweeted that Tesla won't accept Bitcoin anymore, it plunged down by almost 25%>

 

[SCAMEXPOSER]

Yeah, the past all time high had a huge contribution from Elon Musk comments, and we should not forget that. When Elon musk tweeted that Tesla won't accept Bitcoin anymore, it plunged down by almost 25%>

Yeah, you can also see that recently when he announced that the company is likely to accept bitcoin again, the price has increased significantly.

 

[Niftyicon]

Maybe bitcoin doesn't need Tesla to exist but the market needs Tesla to look on bitcoin favourably. We can see that in the impact the news has had on the market.

 

[Josemendez]

Tesla is just a single entity and cannot be sufficient to affect the crypto market. Bitcoin will grow strong with or without their involvement.

 

[BullyMaguire]

Sure but it helps.. i think it's not tesla but elon himself.. since his influence has helped Cryptocurrency grow a lot this past few months. Because of his vocal support in it

 

[BullyMaguire]

As tesla is a big investment in Bitcoin and buy a big amount of currency and this is very important for Bitcoin but Bitcoin have it own worth of growing up at peak lavel and make huge little investing people which think is very important for any currency for gorw up.

Bitcoin is already going up when elon and tesla got involved.. they just boost it but still i think even without tesla it will still grow that much. Now it's recovering

 

[Josemendez]

Sure but it helps.. i think it's not tesla but elon himself.. since his influence has helped Cryptocurrency grow a lot this past few months. Because of his vocal support in it

Well , People have stocks in Tesla and they will have mixed feelings over Tesla involvement in crypto but the fact is that there is no particular company that can affect the progress of bitcoin.

 

[BullyMaguire]

Well , People have stocks in Tesla and they will have mixed feelings over Tesla involvement in crypto but the fact is that there is no particular company that can affect the progress of bitcoin.

That's right people who have own stocks in tesla has been seeing Tesla's investment in Bitcoin negatively but even it doesn't matter if tesla accept or not.. it's a car manufacturer that not everyone buys at anyways.. it's just elons influence that makes it have that effect because elon has accepted it means he actually have faith in it.

 

[Wisdom01]

the simple truth is that bitcoin has grown so big that it does not require any company or individual to grow or stay strong. The fact that there are a lot of institutional holders of Bitcoin is a clear indication that a single individual or company cannot make it dump so hard.

you are right getting it dump by only one person looks impossible , Bitcoin is one of a coin and I think it's actually not controlled by one person there are huge amount of whales ready to buy back the dip ,just incase one of the whales starts selling off ,this is why Bitcoin can't be compared to other smaller coin

 

[SCAMEXPOSER]

you are right getting it dump by only one person looks impossible , Bitcoin is one of a coin and I think it's actually not controlled by one person there are huge amount of whales ready to buy back the dip ,just incase one of the whales starts selling off ,this is why Bitcoin can't be compared to other smaller coin

Elon Musk dumping bitcoin I want to seriously affect the market so badly but if the likes of microstrategy firm and grayscale should dump their coins especially bitcoin no doubt the market could crash by more than 70% because they are the major Whales of Bitcoin and few other cryptocurrencies.

 

[Wisdom01]

Elon Musk dumping bitcoin I want to seriously affect the market so badly but if the likes of microstrategy firm and grayscale should dump their coins especially bitcoin no doubt the market could crash by more than 70% because they are the major Whales of Bitcoin and few other cryptocurrencies.

when Elon musk dumped Bitcoin then it still recovered again , but those micro strategy really holds a lot of Bitcoin , the news of them selling off alone would trigger many to start selling off their holdings in the bid to reduce the amount of loss that would be made from them

 

[hrony086]

Tesla has strong effect on bitcoin let be sincere, if the company decided to sell off it holding it will crash down the price significantly.

really

 

[Mariappa45]

Elon musk can't influence Bitcoin, Bitcoin has been in existence 12 years ago before he even invested first time with Tesla company early last year (2021). Even if he decides to pull off his Bitcoin investment he made through Tesla it wouldn't reduce the price of Bitcoin dipping very low, others still have reasonable amount of Bitcoin.