24 May 2021, 08:05 pm
(Photo : Screenshot From Commons.Wikipedia.org) Elon Musk Talks to Crypto Miners About Renewable Usage Saying It Is Potentially Promising as China Drops on Crypto
Elon Musk back to being a Bitcoin bull? With the fluctuating prices of crypto and Elon Musk suddenly deciding to pull out Bitcoin from Tesla s payment, it s fair enough to say that it s been quite a tough week or at least the second half of the month. With first-time traders scrambling around with massive losses selling their coins at really low prices and long-time traders holding due to the familiarity of volatility, there s definitely been a lot of movement in crypto.
12 May 2021, 08:05 pm
Elon Musk has recently announced that Tesla will no longer accept or trade using the cryptocurrency, Bitcoin ($BTC) because it is using coal as an energy resource to mine its coins which is not environmentally friendly. Musk explained that Tesla would not sell $BTC as well, and would look for alternatives to the coin until it uses a sustainable energy alternative.
Tesla and Clean Energy
(Photo : Mark Brake/Getty Images) ADELAIDE, AUSTRALIA - SEPTEMBER 29: SpaceX CEO Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars.
12 May 2021, 08:05 pm
(Photo : Screenshot From Commons.Wikipedia.org) Tesla Stops Bitcoin Use | Mark Cuban s Mavs Will Continue to Support Crypto Citing Shrinking Big Bank as Beneficial
With the whole cryptocurrency blowing up as more and more people become not just aware but now also involved in the cryptocurrency, one struggle is that it will gravely impact the environment. Elon Musk has just recently given quite a statement about cryptocurrency and Tesla.
Elon Musk on Tesla s Bitcoin Use
According to Elon Musk s tweet, Tesla has reportedly suspended vehicle purchasing through the use of Bitcoin due to a matter that has been widely discussed. The post notes that they are now concerned about the rapidly increasing utilization of fossil fuels for Bitcoin mining as well as transactions.
(Photo : Screenshot From Commons.Wikipedia.org) Tesla Bull Explains How to Handle Volatility with $TSLA
For those new to trading and investing and are thinking about investing in Tesla, one of their early investors who is oftentimes very vocal about his investment strategies posted a thread explaining how to deal with volatility. Volatility can be very scary especially for first-time traders when big changes happen.
What is Market Volatility
For those that aren t really familiar with what volatility means, it is basically the drastic shift in prices. Let s say the price is slowly going up then drastically goes down! This is what is called bearish. Volatility when the prices drastically go up and down and this can be scary for most first-time investors.