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    Bitcoin Daily Discussion, June 04, 2021

    June 04, 2021

    Bitcoin Daily Discussion, June 04, 2021

    Daily Discussion, June 04, 2021

    Posted: 03 Jun 2021 10:08 PM PDT

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Bitcoin Conference 2021 Livestream - Day 1

    Posted: 03 Jun 2021 08:04 AM PDT

    Elon Musk Bitcoin FUD - Tesla desperately needs a new market for its carbon credits

    Posted: 04 Jun 2021 01:03 AM PDT

    Elon Musk Bitcoin FUD - Tesla desperately needs a new market for its carbon credits

    There's a lot you could say about that idiot savant Elon Musk.

    For a start, he wouldn't have the connections to be where he is without South Africa's apartheid system.

    None of his companies make any money. None! All told. He's a glorified charity project who became a billionaire by taking a loss-accruing, government subsidy-funded company public. Just imagine how broken the system is for something like this to be normalized!

    He likes to take credit for things other people did. He claims to this day with a straight face he founded Tesla! Anything he gets involved in, he wants to position himself as the supreme leader/technoking/imperator/dogfather... This is exactly what he wants out of crypto. To somehow centralize it under his leadership. He knows that would never fly with Bitcoin. So he's flexing his clout with dogshit.

    His fossil-fuel-hogging rocket company was built on the ludicrous premise that humans could somehow "colonize" uninhabitable worlds.

    Anyone who knows anything about astrophysics knows how moronic it is to think we could somehow terraform an artificial atmosphere and live on frickin' Mars, a planet with toxic soil and next to no gravity exponentially more prone to asteroid impacts than Earth for its proximity to the asteroid belt.

    His gazillion plastic surgeries

    His connection to Jeffrey Epstein's madam Ghislaine Maxwell

    But forget all that. Let's just talk about his Bitcoin energy FUD. Why is he doing it?

    Very simple. 2020 was the first time that Tesla made any money. How did they do that? By flogging carbon credits to European car-makers to the tune of 400-500 million dollars per quarter. Without this money, Tesla still wouldn't have a positive cash flow.

    https://insideevs.com/news/438345/tesla-428-million-carbon-credits-q2-2020/

    https://thedriven.io/2021/05/06/teslas-carbon-credit-windfall-to-shrink-as-rival-car-makers-clean-up-their-act/

    Now with European car-makers decarbonizing, Tesla needs to create a new market for carbon credits - Bitcoin miners.

    So when people ask how could they not have done their due diligence on Bitcoin mining before investing, Tesla invested in Bitcoin precisely because they did their due diligence! They identified Bitcoin mining as the new market for flogging carbon credits.

    Bitcoin mining uses among the highest shares of renewable energy in the world

    Tesla invested in Bitcoin roughly the same amount of money they made last year selling carbon credits to show that they are taking a position and they now have a vested interest in Bitcoin. It's an investment to attain a semblance of authority over Bitcoin.

    Instead of just buying and then selling Bitcoin over energy FUD, because they're long on Bitcoin long-term, Tesla's FUD play was to pretend to accept Bitcoin for payments and then walk it back a month later over energy concerns AFTER selling a portion of their purchase to show a quarterly profit for Tesla.

    Please do share this across social media so that everyone becomes wise to this chancing prick's cynical gambit which has already cost average folks billions of dollars.

    More importantly, please stop trading based on an individual's opinion about Bitcoin. EVERYBODY has an ulterior motive. EVERYBODY has a self-serving agenda.

    submitted by /u/xcryptogurux
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    Meanwhile in the FED

    Posted: 03 Jun 2021 08:37 AM PDT

    The crash from $65k to $30k was the best thing that could ever happen to Bitcoin.

    Posted: 03 Jun 2021 04:04 PM PDT

    Think about it:

    • Endless institutions on the sidelines waiting to pour in money.
    • Crash happens.
    • More people hear about it in the news.
    • Bitcoin loses over half of it's value and continues to function as if nothing happened. Upgrades continue to be worked on (Taproot).
    • Analysts see that more people are buying the dip and HODLing than ever before.
    • Now buyers are able to get in at an even better price.
    • US banks will start offering Bitcoin products this Summer.
    • Banks in Germany are legally allowed to start on July 1.

    It's unstoppable

    submitted by /u/uni_tutor
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    Chinese State Media Indicates China Is NOT Banning Crypto Trading

    Posted: 03 Jun 2021 06:48 PM PDT

    If Wallstreetbets really wanted to make a statement, exit stocks entirely and enter Bitcoin.. Those diamond hands will be hodling a diamond hard asset indefinitely! ������

    Posted: 03 Jun 2021 08:46 PM PDT

    reminder Bitcoin is wayyy bigger than Tesla. Bitcoin has a bigger market cap, more daily volume, and bigger importance in the world.

    Posted: 03 Jun 2021 09:09 PM PDT

    We are bigger and stronger than tesla. Bitcoin is the new world reserve currency. It replaces the US dollar. Now that QE-infinite has beguan, everyone and every company in the world needs Bitcoin. This is why companies started buying bitcoin in the first place. Don't let the noise distract you. Bitcoin will become the single most valuable asset in the world.

    New coiners don't realize bitcoin's true power. They laugh, they joke, they shitpost.
    An electric car aint gonna do you much good once hyperinflation starts.

    submitted by /u/hyperinflationUSA
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    If Bitcoin doesn't even stay stable against an internet troll, how are we supposed to survive against entire governments?

    Posted: 03 Jun 2021 11:21 PM PDT

    Can people please stop using trading bots that’s triggered by this guy’s tweets? Thank you.

    Posted: 03 Jun 2021 07:46 PM PDT

    People might hate him here but it’s the community’s fault not his really. This is decentralization!

    Posted: 04 Jun 2021 01:26 AM PDT

    Too relatable ��

    Posted: 03 Jun 2021 02:14 PM PDT

    Regarding the new Bitcoin FUD from Elon...

    Posted: 03 Jun 2021 10:34 PM PDT

    I think this is the right response.

    Although this newest tweet hints at a reversal soon.

    Anyway... Fuck you, Elon.

    submitted by /u/simplelifestyle
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    MARA Pool is seriously dropping the ball, a total embarrassment

    Posted: 03 Jun 2021 09:55 PM PDT

    Using the Momentum to #shorttesla?

    Posted: 04 Jun 2021 12:52 AM PDT

    Maybe we should use the actual downtrend of TSLA Stock to short it?

    Its just kind of the same thing Musk is doing with BTC.

    submitted by /u/Administrative-Unit2
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    Can we start Banhammering posts about Elon already?

    Posted: 04 Jun 2021 03:08 AM PDT

    Opinions about Elon's opinions about Bitcoin do not need to occupy more than one or five at most threads.

    submitted by /u/Gwerks71
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    Elon the Grifter is getting more an more irrelevant for Bitcoin

    Posted: 04 Jun 2021 02:08 AM PDT

    His recent tweets made the price dump 3.5% which is nothing for Bitcoin and the Bitcoin community is really starting to hate him for his fuds. He will regret his actions for sure.

    submitted by /u/pravonijekrivo
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    Elon Musk manupulate Tesla Stock

    Posted: 04 Jun 2021 01:53 AM PDT

    With Tesla holding bitcoin on its balance sheet Elon Musks Tweets effect the price of the Tesla stock, how is this not market manipulation and why is he not in Jail?

    submitted by /u/Equibitgaming
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    Bitcoin only for people with "Iron Stomach", says Kraken CEO Jesse Powel

    Posted: 04 Jun 2021 12:41 AM PDT

    Andreas M. Antonopoulos educates Senate of Canada about Bitcoin (Oct 8, ENG) 2014

    Posted: 03 Jun 2021 04:34 PM PDT

    Dr. Adam Back: Bitcoin’s 200% returns generally occur on 12 days per year. The rest of the days are relatively flat. Time the market at your own peril.

    Posted: 03 Jun 2021 10:50 AM PDT

    This is from a super interesting podcast with Preston Pysh, Plan B and Adam Back. Worth a listen.

    https://link.chtbl.com/BTC028

    submitted by /u/Crafty_Supermarket15
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    Miami Mayor on how the City is hosting the Bitcoin 2021 Conference and h...

    Posted: 04 Jun 2021 12:41 AM PDT

    Bitcoin is loved in China

    Posted: 03 Jun 2021 09:23 PM PDT

    Tesla not so much as their May sales were down 50% from April ... ruh-roh.

    --- And Tesla guy then lashes out at Bitcoin??

    submitted by /u/oldude1985
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    Study: Nearly 57 million people expected to buy cryptocurrency next year.

    Posted: 03 Jun 2021 06:48 AM PDT

    Imagine how EASY it is for Musk to make both $ and BTC

    Posted: 04 Jun 2021 03:19 AM PDT

    Hmm I have some money laying around, better buy some BTC.

    Opens Coinbase. Hmm price too high, I don't like it. Post 💔 meme. Price crashes. Ok that's better. Click buy. Wait 2 weeks. Price higher again. Sell everything at a win. Post another meme. Market crashes. Buy more BTC. Rinse and repeat.

    Oh I want to send a spaceship to Mars today. Post ♥️ BTC tweet. Market up. Sell everything. Afford to build a spaceship. Crypto market crashes. Lol, later nerds

    submitted by /u/PracticalKebap61
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    A break away from worrying about the market and discussion on what bitcoin intends to achieve

    Posted: 03 Jun 2021 11:51 PM PDT

    Having been part of crypto mostly as a passive observer for 4 years, I feel there is something that needs to be said about bitcoin which is not being said loud enough.

    https://scientific-nomad.medium.com/speculating-about-bitcoins-price-in-dollars-you-couldn-t-be-more-wrong-85e0bebc58c3

    Views are my own, More than willing to take comments and criticism.

    PS: Its on medium but I am not a member and its not behind a paywall, I don't earn from any reads and don't intend to. If you think my views are legit and need to be heard please share them.

    submitted by /u/mindhunter_007
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