Elon Musk & Tesla dumping Bitcoin for Dogecoin

[Dameon Farrow]

Overreactions like a MF'er

yep this is the main takeaway. Everything else is overthinking. Easy money when folks overreact and then come back to their senses.

 

[Master Teacher]

yeah I know , GameStop too huh ?

Gamestop already squeeze, that was last year

you was suppose to buy at 4 dollars in february and sell at 400 in December that was the squeeze

yall always late to the party

Gamestop has it stand as ZERO DEBT, the share holders saved the company, so know they can restructure the business into something else, which is what the people holding the stock are banking on right now

yall don't stay abreast with whats going on in the market

cryptyo is for dumb nikkaz, cuz all you have to do is follow the emotions of twitter, its easy, but the problem is he can go bad just as easy

 

[YouMadd?]

Elon the god handing out crypto Ls to all the broke boys.

 

[karim]

I don't get it. Dogecoin looks like a joke to most people, but he believes in it, and he's operating on a level higher than most. He could be con artist, naïve, or knows something we don't.

He's just blatently manipulating the market and getting away with it because cryptocurrencies are unregulated assets. He basically transferred peoples stimulus cheques into his pocket when he sold off part of his bitcoin stash a couple of weeks ago. Now he's causing another crash and will probably buy another currency for cheap which will then rocket skyhigh once people find out about it. Rinse and repeat

 

[BigMoneyGrip]

Elon is a troll

 

[calixprynce]

Gamestop already squeeze, that was last year

you was suppose to buy at 4 dollars in february and sell at 400 in December that was the squeeze

yall always late to the party

Gamestop has it stand as ZERO DEBT, the share holders saved the company, so know they can restructure the business into something else, which is what the people holding the stock are banking on right now

yall don't stay abreast with whats going on in the market

cryptyo is for dumb nikkaz, cuz all you have to do is follow the emotions of twitter, its easy, but the problem is he can go bad just as easy

I see why you got woat

you are a broke bum nikka , you ain’t got shyt

 

[se1f_made]

weak hands lol

 

[AJD]

Hell of a run, looks like it’s over for Bitcoin

You know nothing fools keep exposing yourselves









Just bought more ETH

 

[Vandelay]

Elon is a troll

I've known people like Elon. This 100%. It's a game to him.

 

[Umoja]

It is kind of funny that people will complain about capitalism whilst putting their eggs in the basket that is easily manipulated by someone who benefits from capitalism.

shyt is going to end up like search engines and social media platform. The beginning stage has many floating around. As the casuals enter the game, they will go to one source in particular.

 

[RammerJammer]

You know nothing fools keep exposing yourselves









Just bought more ETH

I was just bs’ing, I’m no crypto expert

 

[Rack4K]

*buys more cardano*

 

[A.V.]

*buys more everything*

 

[Professor Emeritus]

Scathing article from Coindesk

David Morris: Musk Learns Crypto Doesn't Need a Savior - CoinDesk

 

[Professor Emeritus]

Of course it is. I am saying a lot of companies may not adopt it as a payment method if its carbon footprint isn't addressed.

this is environmentalist drivel. The largest concentration of mining is in China which no one gives a fukk about. The size of normal electronic transfer systems used all over the world dwarfs bitcoin a thousand fold.

No one actually gives a fukk except the people complaining about the shortage of high powered processors (like people that want a PS5)

So are you saying that all of his is lies?

"A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to Cambridge’s Centre for Alternative Finances."

"A paper from 2018 from the Oak Ridge Institute in Ohio found that one dollar’s worth of bitcoin took 17 megajoules of energy, more than double the amount of energy it took to mine one dollar’s worth of copper, gold and platinum. Another study from the UK published last year said that computer power required to mine Bitcoin quadrupled in 2019 compared with the year before, and that mining has had an influence in prices in some power and utility markets."

“Bitcoin would not be able to fulfill its role as a secure, global value transfer and storage system without being costly to maintain,” reads a defense against bitcoin criticism from Ria Bhutoria, director of research at Fidelity Digital Assets."

"“Computers and smartphones have much larger carbon footprints than typewriters and telegraphs. Sometimes a technology is so revolutionary and important for humanity that society accepts the tradeoffs,” wrote investor Tyler Winklevoss on Twitter."

So even crypto advocates are admitting it has a giant ecological footprint. That's not too big a deal right now while crypto is a fringe currency that's barely circulated compared to fiat dollars, but if it becomes dominant, then what? Why not address a really serious question?