Post
Topic
Board Bitcoin Discussion
Re: Tesla destroys bitcoin :-[
by
finaleshot2016
on 13/05/2021, 16:16:26 UTC
Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns
Inexplicably, after this event, Really after this event, I feel shaken; if only relying on media to grow, bitcoin will collapse at some point!

https://www.coindesk.com/bitcoin-tesla-50k-environment-concerns
He didn't kill Bitcoin; instead, he tarnished his reputation in the crypto world, and many of us, including myself, are now disappointed in him. It's clear that Elon Musk or his team didn't do any study on Bitcoin, and one of the fundamentals of cryptocurrency is to do your own research, which they didn't seem to do. They claim that Bitcoin uses a lot of energy, but in fact, a lot of energy is wasted on other non-sense stuff just to keep us entertained.

Besides, it's just a simple correction for me; I've seen a lot of dumps in the last few years, and I won't be scared by this simple dump.
Read this, BTC uses renewable energy. https://coinshares.com/assets/resources/Research/bitcoin-mining-network-june-2019-fidelity-foreword.pdf