, the meme-inspired cryptocurrency. Tesla last week also "suspended vehicle purchases using bitcoin," out of concern over "rapidly increasing use of fossil fuels for bitcoin mining." The price of bitcoin dropped about 5% in the first minutes after Musk's announcement.
Musk has since been hitting back on Twitter against users who are critical of his cryptocurrency stance. Influential venture investor Fred Wilson, a founding partner of Union Square Ventures, tweeted Friday: "He's playing games. It is hard to take anyone who does that seriously. I've lost enormous respect for him over the last year because of it."
Wilson added, "Deep respect for what he does with his talents. Less for what he does with his tweets."as payment to launch 'DOGE-1 mission to the Moon.' His endorsements have helped boost the price of the coin, pushing acceptance among some traders.
Can you decide whether to invest or not on the basis of a tweet?
If this isn't market manipulation I don't know what is.
Elon Musk is profiteering by blatantly manipulating his Bitcoin holdings, in publicly broadcasting his trading intention. The enormous size of his holding naturally will have the result that he wants.
Who didn't see THAT coming?
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zerohedge
In everything I do, I believe in challenging the status quo. I challenge the status quo by providing client-focused and goal-driven web design services at affordable rates. I happen to design great websites. Will you like to get one for yourself or your business?
I've finally reached the 'Who cares?' stage with this guy.
Good!
U can sell all in your fuckin wallet and u buy doge don’t shitpost about btc lol
We're sick of him trying to influence the respective crypto markets to save face. The regulator needs to step in and stop all this mess he is causing an fine him for market manipulation. He had the knowledge Doge was going to get crushed on SNL after promoting it.
Tardigrade$$$$$
Omaha_88 -Elon Musk suggests Telsa is dumping bitcoin. -Elon Musk clarifies Telsa has not sold any Bitcoin. I'm confused!
My theory is this. A person of influence cannot directly try and influence a stock price, since stocks are SEC regulated. So, tie the stock price to an unregulated asset like Bitcoin and dogecoin and you can manipulate the stock price by proxy. 🤔
Asperger's pump and dump is not reliable
He did confirm that he wasn’t, but you won’t show that part will you!
Because 1) I have been begging elonmusk to do so and 2) Elon realized how sophisticated of an open Ponzi scheme bitcoin is chamath and jack are still living in illusion Long $ipof $psth $ipod $cciv $tsla
Omg
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Brutal reporting. He’s since stated that is not the case.
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Anything to do with e-RMB and TESLA investments there?
Fake news. Gfys CNBC🖕
This Article headline is misleading. WTF are you doing. You’re manipulating things not elonmusk
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To me elonmusk response was just like any regular guy would to the whole context..Surprise many made it out more than that
Fud they are holding report relevant news
digitalassetbuy That’s a great idea, That will save planet.
ElonWeDon’tNeedBitcoin “You Need Bitcoin Updates”
Elon didn't know before hand that bitcoin consume a lot of energy when he bought billions of them on the previous month. And he suddenly realised it now. Who would believe that. He spend most of his career in clean energy sector and he's genius
Good , bring bitcoin down , so much better coins out there
Dumping or dumped
Welcome to primetime CryptoWhale
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He already sold all his holding at the top price. Poor immature investors are trapped by him. It is also happened in TESLA
Cool. Now dump Tesla. Trash cars
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Good morning
Already dumped I guess.
Elon is trash “A potential sale comes just days after Musk said the company planned to hold rather than sell the bitcoin it already has.”
Elon just gained millions of people that hate him. Good luck Tesla. Crypto would correct soon anyway, why did he attach that to his name, what an idiot
Pure market manipulation 😬
Everyone suggests that Everyone is dumping Tesla and fElon.
Everyone will eventually dump bitcoin and other such ilk
How else is Tesla going to make a profit.
SECEnfDirector
Elon musk is a market manipulator since he tweeted he would bring tesla private.
StockShaman Bitcoin SV is the solution to massive scaling.
Hi CNBC, consider looking into $ASS. ❤️ cryptogem cryptocurrency cryptotwitter assfinance
Bitcoin doesn't care if Elon or Tesla own it.
Iv already considered my btc ($4400 fiat) lost, we’ll talk again in 5 yrs
he’s not the world
Elon is smart , why in the world would we keep supporting bitcoin when it harms the earth, when it's lots of other cryptos that do a better job and don't cause the harm that bitcoin does , if we put or support behind something else we can have a better future.
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Meh, this week it’s down next week it’s up to $70,000 because everyone bought in. Musk isn’t the only billionaire in $BTC Whatcha gonna do?
His shareholders should dump him, is he accountable to them for short term trading in BTC ? What's the objective of Tesla company ?
StandWithElon
This guy Elon should be arrested, period
VW will destroy TESLA anyway!
I’m thinking Bitcoin is dumping him
He’s confused
That can’t surprise anyone, let’s be honest.
This makes me to think 'many follow like Sheeps'. Bitcoin depending on one person? Bitcoin is nothing, only people who made money talk bla bla bla. 45k one coin where you cannot do anything with it even if you get it physically. Think smart invest somewhere else the same money
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Who’s ready for musk on primtime with congress
Good. BTC is idiotic as currency for actual mercantile exchange. It's only a trading product. Nothing more.
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He is probably doing the same with doge... i am not an idiot...i sold 2 Weeks ago EVERYTHING and now invested in súper discounted bios that last month went -80%
Lol buy the dip Lmfaoooooo
elonmusk calado é um poeta, deveria responder por manipular o mercado com declarações tendenciosas.
Don’t be a fool, he will do the same with doge ! And you will deserved to be dumped on WTFelon BTC bydogeandgetrekt
i didnt know the word 'indeed' was a suggestion
digitalassetbuy Dumping Bitcoin and reinvesting in dogecoin
digitalassetbuy Here is the word sustainability again like you said.
run it back, turbo
Dump and buy dogecoin
“Elon Musk suggests Tesla is dumping the only thing that ever made them money.”
It’s better to think of $TSLA as a hedge fund and Elon as a hedge fund manager. He makes money from tax credits, crypto …not selling cars!
Just received 32 Monero coins in my Exodus 🥰 Thank you so much AirdropXMR
TeslaForThe_Win elonmusk has not done anything different than MM's, inaccurate reporting based on BS reporting and Consumer Reports does on a regular basis. Cuss me... I'm a grown ass woman, I don't do high school drama. $TSLA Tesla
And he will buy more silently by creating a dip 🤣🤣🤣
BUY $SHIB if you want revenge on Felon Musk! Kill off his doge coin! SHIB SHIBARMY $btc BTC Bitcoin p.s VitalikButerin just burnt 45% of his Shibtoken 🔥🔥🙌🏼
Don’t worry, they’re just testing liquidity
Hedge Funds are doing that shit forever in collaboration with the big TV stations, and the SEC looks to the other side!!! Elon is against the big guys that are squeezing us for a long time. Ex. Good companies are showing record earnings, and the stock decrease double digits!
Get some $ASS elonmusk
Start selling ya’ll
let‘s see the price of Tesla down to zero，kick the fucking Elon Musk out of market，shame of he
Dump $TSLA
Fine I hope they sell it and I hope Tesla goes out of business anybody who can mess with Average working peoples retirement money by tweeting doesn’t deserve my business and doesn’t deserve the wealth that will come from bitcoin.
Good job 👏
motisxrp CNBC The headline is exaggerated
This is pure media spectacle. That is all.
Shocker
selltsla
That's actually good to get rid such whales , he lacks due diligence I hope tesla doesn't crash too
BUY THE DIP
Lol.. I thought that they were the best store of value and that good was a boomer commodity ? 😂😂😂😂
Just so that Tesla can buy back at 25K 🙄
Good then, no weak hands allowed !
Please dump it
You’ll destroy their maxi hearts with an XRP elonmusk
Well, his reply is a bit ambiguous really & if it does suggest it, won't he be locked up soon for market manipulation by his previous tweet saying tesla haven't sold any of their bitcoin I dunno, this is all screaming the McAfee days so who knows 🤷🏼♂️
One man show is not good for the community. Market manipulator should be controlled by the authority.
Maybe Tesla can't survive off something that's not tangible.
_B_I_O_T_E_C_H_ 😂😂😂Sorry $BTC a lot better crypto out there than an overpriced dumpster fire!
Why Sec did nothing regarding Elon Musk's manipulation?
People making financial investments based on the whims of a spoiled brat billionaire probably deserves what they get.
I think Elon thinks that He is undervalued
biffdogecoin It's amazing how people still don't get elonmusk, he ONLY cares about doing the RIGHT thing.. not what makes him or ANYONE else $. Just look at the open-source patents w/Tesla And did he sell all of Tesla's BTC before making the announcement Nooo, bc he's not like the rest.
and it will be the only profit they make this quarter
Hello CryptoWhale. This publication is centered on your tweet and elonmusk's response. Yes, there have been steps on Elon's toes but this is getting too far. If we stand for the people, then be sure many of these people are going down with the crash. Cc DogeCoin
biffdogecoin The BTC maxis talking about 'market manipulation'. Explain this? haha
johnscharts $BTC is down approx 9% since yesterday. If $BTC can be so easily manipulated it is not worth investing in. But was this statement from elonmusk CEO approved by the Board of Directors in compliance with the SEC settlement dated 9/29/2018. Maybe they should be selling $TSLA
People needs to stop listening to elonmusk! It makes all the sense now. He got Tesla into Bitcoin to just make his earning look good! Maybe SEC does need to investigate Elon. The man is genius, but his ethics and antics are poor!
Crypto goes to zero .
doge xrp ada
Another manipulation of market by this crook. Where is SEC_Enforcement ?
Succeeded in creating name for self, but 'cryptoed' many into hardship with unguided tweets. Let's hope all ends well for the empire &world economy at large
CEO of publicly traded company already fined for 20M by SEC for fraud ...manipulating BTC DOGE n who knows what else to hide the fact that $Tesla is on way to bankruptcy like Wirecard due to fraud & criminal activity WhereRuSEC
elonmusk is annoying and needs to stfu about crypto. Stay focused on reducing the price point of your cars and not manipulating crypto markets.
johnscharts Officers of publicly traded companies openly manipulating prices in public forums like it’s a dick measuring contest. Great days we are living in boys.
Ya right he probably already dumped everything, now just waiting for the correction he inflicted
Your headline should add “and switching to dogecoin” DogecoinRise
😅😅😅😅😅
Great time to buy then
Hey tesla. Your human man baby Elon is ruining your brand reputation. Get control of your boy.
Even billionaires like 'real' money more😂. Or maybe he just had a coke free day, first one in a longtime and he had a clear moment, makes sense though😜
oof
I feel really really bad for the middle class people that bought in at the all time highs. Absolutely wrecked if it doesn’t bounce back and it may not. I still have my btc, can’t get rid of it until I’ve hit losses to avoid short term gains taxes and effects on my annual income
Dump bitcoin and go all in on dogecoin, make me a millionaire. 😀
Gotta find some news.. 😂
Tesla should never have “mingled” with Bitcoin, imo - Tesla is not an investment firm and should stick to cars, batteries/energy storage, and solar power.
BTC doesn’t need Elon
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