Tesla stops car purchases with Bitcoin

in LeoFinancelast month

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I have talked about Elon many times and although most people don't share the same opinion as i do about him, history itself shows i may be right. In case you are from a European country and now you are waking up and checking up on markets you only see red, here is why

Elon and Tesla announced that they suspended the car purchases with bitcoin because basically, he wants to protect the environment. To be more exact, they state that they are concerned about the increase in fossil fuels for btc mining.

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At the same time as you can read above, they don't dish on btc and cryptos and they are also looking for new cryptos with more sustainable energy-wise mining transitions.

After Tesla's announcements regarding btc around $365.85 billion dollars were wiped out of markets so i think it's about time you understand the power that Elon has to manipulates markets.

We have seen him doing the exact opposite when he bought btc and said that they will be accepted btc for their cars and we have also seen him pumping dogecoin to the moon. This should be a lesson to you all that basically says don't bother with this kind of people and don't let them manipulate you as well.

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Now i have stated this multiple times already but i consider Elon very smart and a really really good businessman. Aside from that, i don't really think of him as a "good" person or "ethical" to say at least and I'll explain right away what i mean.

Elon says that basically our environment is more important and i definitely agree with that but many people say that isn't exactly the same regarding energy consumption and check below what i mean. I don't know though whether these comments speak the truth or not.

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Now let me tell you my own argument. If he believes what he says why he doesn't sell all of the bitcoin that Tesla bought? Keeping them means that he does harm the environment or he maybe doesn't actually care about it?

Hypocrisy at its fullest. Two other things that crossed my mind after seeing that move are the following. He either tries to manipulate once again the market to drive down btc's price and then he intends to buy more publicly or in incognito mode or maybe he knows something that we don't regarding upcoming regulations so he makes sure not to get "hurt".

All in all i think he has now shown his true colors to all of you that had him as a god. He is nothing but a very good businessman that he cares about making more money and achieving his goal without caring about all of you who blindly follow him and buy whatever he tells you.


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I would ask him where the electricity to recharge Tesla cars batteries coming from? From renewables? I doubt it.

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For that no for sure.
But Tesla Energy department creates renewable solar energy. Enough each year to power all their cars in the world.

Even if renewable energy is not used to charge the cars, they are putting more solar energy on the market than they consume with the cars

the thing is, if we was so pro about protecting the environment why he doesn't sell all of his btc immediately? Also, tons of guys in his comments are saying that 75% of the mining energy is renewable and other similar examples. Heck even binance posted a diagram :P

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I'll share my reply on you other comment to start this reply :

"Yes, but he said something about an increase in Fuel energy. Maybe something changed few days ago ?

Because while the 75% of renewable is totally true, sometimes even around 80 or more, maybe this changed now for some reason ? I don't know, a region of the world where the fuel energy price lowered and boom the people started lining Bitcoin because it became profitable ? That could make the renewable energy become like 70% just since few moments. "

Because the chart of Binance is from march, so there is probably some difference. I still didn't find anything saying that the fuel energy in mining actually increased but that's what they said. They probably have a reason :
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The other tweets are totally out of context. The guy saying that it's already debunked is right, but it seems that something changed, that's at least what is said by Tesla.

Maybe he doesn't want to flood the blockchain because they would make tons of transactions if they wanted to sell it. If a lot of new transactions are flooding the chain, the fees could go higher, and if the fees go higher, mining become more profitable and that could bring even more miners.

That's just a theory.


And maybe as I said before, maybe they stopped just few time until the renewable-fuel ration get closer to 75% (if it really came lower these days) to start again accepting Bitcoin as payments, so they don't want to sell it at all, just wait before accepting it again !

And there's at least a third possible reason, somebody has a plan and they're going to make huge money with that.

Let's see what the future will tell about it

to add to this if i remember correctly a couple of months ago in a region of China due to the high energy consumption from mining with those fuels that he mentions they banned the whole mining operation in that area and told the miners to go to some place else :P

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Strange operation from them :')

That should be a huge loss :")

Elon Mush is a witless actor whose job is to manipulate markets for his puppet masters. Every word he utters is bullshit. Total twat.

He clearly knows Tesla isn't going to hit projections and the stonk price will hit the shitter so his memeing his companies into profits

 last month (edited)

I don't think he knows anything at all really - he just reads the script he is given.

Scott Wolf anyone?

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Cool how they have matching wives too...

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Wow, am like totally unaware of so many things lately...

This is disheartening, but at the same time, I never trusted Elon, lol. I'm not just saying this, he runs a fuckin company, and for me institutions jumping all in at once is really not a good idea... My take is that he'll dump and that will be a good thing, why? Because he'll be giving it back to the people.

It's better having an individual market running than have it manipulated.

He either tries to manipulate once again the market to drive down btc's price and then he intends to buy more publicly

Could be true, cutting off profits to buy more, he is a business man, couldn't expect less.

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Loved the Elon on weed picture.
Gooday!

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!wine

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LOL his jusy fudding the price so they can buy back their position they sold what a load of shit

at least he knows how to make money :P

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Do you know somewhere to watch about increasing of fuel energy into btc mining ?

If this is true and with a high rate I could possibly understand it. That's why he said he's waiting for the rate to come back to accept btc payments again. That would explain why he's holding !

They're looking for other crypto consuming less ? Great news, Soon buying Teslas with Hive ?

He is nothing but a very good businessman that he cares about making more money and achieving his goal without caring about all of you who blindly follow him and buy whatever he tells you

I learned at over time. As many, I used to like him. But that's just like we can have for Obama. When he's in public they try to be "cool", and that works.
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But for their job it's totally different. And they often are some c*nt. I don't know Obama enough (but when you're president there are always dirty stories), but Musk did hundreds of things that prove he mostly just want more money.

Do you know somewhere to watch about increasing of fuel energy into btc mining ?

i would say google it just to be certain. Elon posted this

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and binance replied with this

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Yes, but he said something about an increase in Fuel energy. Maybe something changed few days ago ?

Because while the 75% of renewable is totally true, sometimes even around 80 or more, maybe this changed now for some reason ? I don't know, a region of the world where the fuel energy price lowered and boom the people started lining Bitcoin because it became profitable ? That could make the renewable energy become like 70% just since few moments.

There is more to this than meets the eye. I think before we assume one thing or another we should wait to see what happens over the next few days

(and no, I'm not defending Elon. I think he's a shithole like most ultra rich people. But this seems fairly fishy, that's all. I'm curious what is going on behind the scenes)