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[AudraMiller]

Elon Musk was very vocal when he started to accept bitcoin as a form of payment at his company Tesla, however in a recent article it seems that Musk is not making a complete 180 turn and deciding to withdraw that acceptance of bitcoin as a form of payment. This is due to the cost to the environment that musk has noted crypto having, with there being a lot of energy usage for these coins. What are your thoughts on this and do you think this will cause a massive decline in the price of Bitcoin and other crypto?

 

[leithy]

There has been a large drop today, bitcoin down to circa $50000. Not all electricity generating is bad for the environment. Is Musk trying to buy bitcoin at a cheaper price by pulling down the prıce? Musk may not control crypto but it looks like he can manipulate the market.

 

[microunit]

Well this may call to the developers of these cryptocurrency to further improve the coins, as also I saw sometime ago that there were green friendly coins stuffs that are in the news and that they are the next generations of crypto

 

[BusyCat]

Well then I strongly believe bitcoin may come down soon , since Elon Musk started to refuse bitcoin payments. Lets see how it will affect the price.

 

[Maria98]

Elon Musk is a smart business man, i think he wants to buy bitcoin at low prices then come and sell at higher prices

 

[Yugocean]

Title and post are different, there is no clear information is Musk stopped accepting Bitcoin or not, you did not mentioned which article is the source of this information.

 

[highspeed]

Bitcoin has already had a setback due to the choice of Elon Musk, to abandon this cryptocurrency.
But I'm sure, his was certainly a wise choice ? ?
In fact, the mining of Bitcoin involves environmental damage, because the extractors of it, using fossil fuels as energy definitely polluting!!

 

[fadiation111]

Then it is possible that bitcoin price will fall down. It will be great opportunity for new investors to invest in btc. On the other side it might be possible that Elon musk is waiting for the price to come down and invest it in again to make profit.

 

[aryan4]

Although we do not know what Elon wanted to do, it affected the markets considerably. It has almost turned Dogecoin into gambling money, and it seems that what it says and its decisions can affect Bitcoin as well.

 

[Lobardi]

He is an influencer and can anytime say that I influence the price of the bitcoin but is hardly and seldom possible now because he us much invested in other things and therefore has less interest ij bitcoin and other memes people think that he is wanting more money they don't understand that he makes them fool only once in a year to be honest

 

[btaliat]

Though this event happened last year around September, its effect is still being felt up till now as Bitcoin has failed to reach its ATH after the announcement of Elon Musk. I may see this as a deliberate act of Elon to be buying at lower price in order to sell at higher price.

 

[BullyMaguire]

Though this event happened last year around September, its effect is still being felt up till now as Bitcoin has failed to reach its ATH after the announcement of Elon Musk. I may see this as a deliberate act of Elon to be buying at lower price in order to sell at higher price.

It's not about Elon anymore though. The bearish season was to be expected even without him although he contributed it was short-lived just like all his hype.. they aren't permanent. What's affecting the price now is the economy of every country

 

[magnus2022]

Elon Musk is a crypto whale. He is super materialistic. I don't think somebody like him has regard to the environment. I believe he should definitely give some kind of flimsy excuse to cover his real intentions. Elon Musk intentionally hype bitcoin to exploit it. Soon, cryptocurrency enthusiasts will not be taking him serious

 

[Omotunde]

Elon Musk is a crypto whale. He is super materialistic. I don't think somebody like him has regard to the environment. I believe he should definitely give some kind of flimsy excuse to cover his real intentions. Elon Musk intentionally hype bitcoin to exploit it. Soon, cryptocurrency enthusiasts will not be taking him serious

But it seems not to be happening because Elon Musk has a great influence on the cryptocurrency market . Recently after taking over the ownership of Twitter, the Dogecoin increased by over 10% which makes so many people to make a remarkable profit and this is because he is the dogefather. I would want to see.a situation where the crypto investors will not be taking him seriously any longer.

 

[Yugocean]

Every popular person has his / her influence in someway, One is free to dent, but market watches their movement. Remember, when Elon promoted "Signal" against "WhatsApp", people brought shares of a small known company Signal, and it's shares, which were hardly of few dollars, jumped tho thousands.

 

[Omotunde]

Every popular person has his / her influence in someway, One is free to dent, but market watches their movement. Remember, when Elon promoted "Signal" against "WhatsApp", people brought shares of a small known company Signal, and it's shares, which were hardly of few dollars, jumped tho thousands.

The influence of Elon Musk is not only felt on cryptocurrency space, but it cut across all other industries too because I could remember that some financial investors In other industries accused Elon Musk of influencing their investment to favour himself. I think that Elon Musk has become a force to reckon with in the financial sector of the world.

 

[Yugocean]

The influence of Elon Musk is not only felt on cryptocurrency space, but it cut across all other industries too because I could remember that some financial investors In other industries accused Elon Musk of influencing their investment to favour himself. I think that Elon Musk has become a force to reckon with in the financial sector of the world.

Anyone can say, but that won't make a proof, he just post what he likes, how this forces someone? So if someone is suing Elon, the case would be weak. Now Musk is neither accepting, nor objecting BTC or Doge, its just matter of time, he will himself tell, we have to keep asking, all crypto platforms are trying to influence Musk.

 

[Omotunde]

Anyone can say, but that won't make a proof, he just post what he likes, how this forces someone? So if someone is suing Elon, the case would be weak. Now Musk is neither accepting, nor objecting BTC or Doge, its just matter of time, he will himself tell, we have to keep asking, all crypto platforms are trying to influence Musk.

It is true that he post what he deemed fit but his decisions and tweets affect the cryptocurrency market and that is an established fact. He should be very careful with his post so as not to make jest of people's investment because it wouldn't speak well if people are losing huge amount of money following his tweet.

 

[BullyMaguire]

But it seems not to be happening because Elon Musk has a great influence on the cryptocurrency market . Recently after taking over the ownership of Twitter, the Dogecoin increased by over 10% which makes so many people to make a remarkable profit and this is because he is the dogefather. I would want to see.a situation where the crypto investors will not be taking him seriously any longer.

He does have a power for dogecoin sure . Because it's small and cheap enough that small investors can take the risk go with the hype he's creating and easily dump it after. It happened already. As much as i like the dogecoin community they are heavily dependent on him now.. it's their only hope for pumps because there's no stable utility on dogecoin yet

 

[Omotunde]

He does have a power for dogecoin sure . Because it's small and cheap enough that small investors can take the risk go with the hype he's creating and easily dump it after. It happened already. As much as i like the dogecoin community they are heavily dependent on him now.. it's their only hope for pumps because there's no stable utility on dogecoin yet

It is very obvious that pumping is going on presently and the Dogecoin is increasing steadily. It is a great advantage for those who already have the coins in their portfolio to quickly make huge profits because the Dogefather is on the matter already and he is making things work for the Dogecoin community.