Bitcoin Forum

Elon Musk just announced that you can now buy a Tesla with Bitcoin. He also says that they will not convert the BTC to fiat.

https://i.imgur.com/UayRWNi.png

Yeah, I just saw his tweet, this is welcoming news for bitcoin holders, that is if they wanted to get a Tesla model or Lambo,  :). And Musk confirms that they are going to hold the BTC if someone buy from them. Could this fuel another rally to $60k or more? Let's see how it goes.

Be ready everyone because bitcoin is going to go up again with this Elon's tweet and with some influencers that are going to buy their Tesla with bitcoin, I might be wrong about my speculation but Elon's tweet can really do something with the prices of bitcoin. This will also be a good way for Tesla to accumulate more bitcoin which is going to get the prices of bitcoin to go up again, the problem is that they might sell a lot of bitcoin if a lot of Tesla is going to be bought this way because they still have to pay the car manufacturers and the raw material providers.

It's a normal direction. Let's see:
+ Publicity for Tesla
+ Publicity for Bitcoin
+ Tesla gets Bitcoin at "buy" price instead of the "sell" price and also "get rid" of the cars
- Bitcoin price will rise and maybe they would have liked to buy some more first

All in all, I may afford at some point to pay 0.1BTC for a Tesla car. I know, I'll have to wait a little more for the price to rise.

 ;D  Crazy good news.
This was expected after Tesla buying up $1.5 billion BTC.

I reserve ordered 4 CyberturdTrucks last year.
Mainly because I reckon the FSD feature will be worth more that the truck itself.

If (likely) Bitcoin hits $500k this year, the trucks wont even set me back 1 btc.

An UK acquaintance of mine sold his 5 btc in 2017 to buy a Lexus petrol-guzzler. (Which he cannot even give away today)

BTW Tesla is buying land in the UK for another Gigafactory...

The only two assets to have today; BTC and Tesla

Elon Musk's safe word: "Bitcoin".

That is the dream, a 0.1 btc for a Tesla car, but that will take a long time because AFAIK the price of a Tesla car is a bit expensive and if I estimate around 5 digit prices which means that bitcoin price has to be around 6 or 7 digit in USD before we can guarantee a 0.1 btc Tesla. To everyone who is planning to buy, this might be a sign for you to buy bitcoin now that the prices are not at the 60k USD price point.

It was inevitable to happen sooner or later, and we are going to see everyone who invested in Bitcoin, like Elon Musk, working hard to speed up Bitcoin mainstream adoption.
Tesla is accepting payment in Bitcoin only in United States for now but Pay but this option will be available to other countries outside US later this year.
Buying a car like Tesla without middleman sounds amazing.
 

It remains only to watch the growth of bitcoin. The Elon Effect will definitely push the price of bitcoin upwards, especially as Musk said in a note that the bitcoins received will not be converted to fiat. This is another bitcoin ad. I would like to believe that such advertisements will increase, and someday the time will come for the full adoption of Bitcoin everywhere.

The Tesla US site theoretically already displays the bitcoin option to make the purchase:


Although trying to get the same results on the US based website, and even setting the VPN to a US city, I currently cannot see the bitcoin payment option, even on the same model of car. Perhaps they’re still making adjustments, or I missed something.

In any case, it’s one of the most currently important show cases for bitcoin in the B2C area, and even more so under the prism of direct payments with no gateway platform involved.

see: https://www.bloomberg.com/news/articles/2021-03-24/you-can-now-buy-a-tesla-with-bitcoin-elon-musk-says

Bitcoin is changing the whole world. Now with his influence as a top business man, Elon Musk and Tesla makes people considering to at least trying to buy and hold bitcoin. Elon makes bitcoin become mainstream time to time. Those unknown people will educate them self with bitcoin and crypto. Thank you, Elon.

What about the law? You don't just give 0.1 BTC and receive a car, there are taxations you'll have to pay to the government. A car isn't a product that you buy in the local market, there are laws that must be enforced. I doubt that you can buy an electric car by only sending some bitcoins. I have never bought a tesla, I'm just saying.

I guess that's the reason why this is available on US only at the moment.

Elon indeed said that "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency" meaning that he will probably cover the purchase with fiat money so it's all by the book. Theoretically you can accept anything as long as you have enough cash to cover that and I guess that;s what Tesla will do. Keep stocking up on BTC, which is awesome from price point of view!

This is extremely bullish news and it is almost  unbelievable what bitcoin managed to achieve in only ~10 years and an answer to all those that claim bitcoin ain't the real money, if there are any of those left. 

But this is absolutely the right decision and I think many people will be interested in this.

The individual buying the Tesla will still be subject to the usual taxation laws, however. The IRS guidance on cryptocurrency taxes is available here: https://www.irs.gov/irb/2014-16_IRB#NOT-2014-21. Notably question 6. If you exchange your cryptocurrency for any other property (in this case, a Tesla), then you must calculate the fair market value in USD at the time of the exchange and compare that against the adjusted basis of the cost of your cryptocurrency. Essentially, if the bitcoin you spend on a Tesla are worth more in USD than when you acquired them, then you have a taxable gain as far as the IRS are concerned.

Tesla will obviously be keeping full customer records and reporting all income to the IRS.

You will probably pay tax for profit/income/whatever for the 0.1 BTC you "sell".
Tesla will probably act like they buy from you the 0.1 BTC and sell you the car, hence their income tax, the VAT, the customs will be paid like it would be fiat, since government needs fiat.
This would be imho the logical approach.

What I like about Elon Musk is that he believes in bitcoin as a currency and not like some other public figures who see it as an "asset" made for investment where it goes up in value and gives the investor some profit. Despite all his trollings at the end of the day this is an advertisement for bitcoin but as a currency, unlike other cases, so it is not just hyping bitcoin up.

I also saw the tweet today, yeah. Tesla already made an announcement before for accepting Bitcoin when buying Tesla. And now, it is really awesome to see that it is happening. And I was really surprised with the line, "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.". They bought a great deal of Bitcoin before, yes but I was expecting them to convert it to fiat after selling the cars with BTC. It looks like they really want to increase their investment in Bitcoin.  ;D

I anticipated this, but I'm surprised it happened so fast. It's only valid for US customers for now, I think, but if it gets available worldwide within this year, it's a big step. Another really cool thing is that they'll keep the money in BTC rather than convert it immediately to fiat. This means that Bitcoin will properly function as a payment method for a pretty big company. That being said, I don't know how this will stand with the authorities of various countries as well as with car dealers that actually sell Teslas. There can be serious obstacles tax-wise.

If tesla not convert btc to fiat, That's means tesla buying more bitcoin. Tesla still investing in bitcoin.Why not, The price of btc still increase and demand also increasing. Tesla also created a new demand of btc by accepting bitcoin.

They need to do this since they already put lots of money into it and they are not playing around with it. I think this is the start guys, we are seeing some big names promote Bitcoins to the public as if we are dreaming here. Yes! this is the reality and from here we will see some big changes in the price in the market in these coming days. so hold your horses and keep holding your BTC don't settle for the lower price.

I am not convinced on how he sees all this and on his motifs either. I don't say you are wrong, still...
* the huge quantity of Bitcoin was bought by Tesla as an asset and it helps their balance look good
* Elon Musk was also tweeting about Dogecoin (hyping), you know... (but here the discussion can be wider, since Dogecoin is imho better suited as a currency than Bitcoin)


Edit: rephrasing for clarity

Now, this is the reason why we saw the sudden bump in bitcoin's price. I was thinking that the correction would take any longer but thanks to Elon for that announcement.

Are there some folks that would be buying their tesla with btc?

Yup, that's really an interesting news and possibly one that might bump the BTC price yet again, hopefully to the much anticipated value of 60K. The tweet seems to be legit also which is great. It does look like something Elon will do, and I'm certain many more will be thinking about doing the same. We'll see...

If this is true, then this is super news. This is probably the first major step for the adoption of BTC in the world, and now every BTC owner can buy an electric car from Tesla. This is also a signal that very soon an unpleasant event will take place in the traditional financial sphere, and it is very likely that this is primarily due to the collapse of the dollar. In any case, the news is very good for crypto and for everyone who uses and owns crypto and even more so BTC.

This announcement has increased btc prices by almost 3% and now as per CMC the price chart are at $56.5k approximately.This will be followed by further rally if prices say crossing $60k mark soon within next week.But Tesla would surely not convert their btc holding into fiat due to profits it is making from intial investment of $1.5 billion.They will be getting btc in form of payment which will increase their net profits with increase in prices with time.He is genius and know what will be market reaction to his next move and act very wisely according to that.Btc is next big financial assest which he wants to own.

Will Elon also have a future exchange as will binance? and will compete fiercely. Cryptocurrency in the future is full of surprises. Even today Elon is entering with his tesla project to make bitcoin fundamentals really strong.

like impossible, because Elons is certainly focused on developing their Tesla car and Spacex projects. Elon is still very busy with this future project. elons have fundamental forces that can affect crypto prices very drastically. Bitcoin is the choice of Elons as a means of payment for its Teslanya car, this is the massive adoption of bitcoin by Tesla.

I've saw this tweet in my Twitter feed in which Elon Musk really tweet that the Tesla will now accept bitcoin on buying Tesla and I've been thinking why Elon Musk will do it, is these because that bitcoin is in the mainstream and the people are the one who are holding it so that he doesn't need to buy bitcoin anymore because people will pay him bitcoin for the Tesla? Or is it because he has another plan on it? But whatever it takes I am glad that this is a mass adoption again in which a very famous person is now supporting and announcing that their company is accepting bitcoin.

In my opinion, Tesla sets a real example for other companies and this is an important precedent in favor of Bitcoin and every cryptocurrency user. I believe that it is one thing to invest in cryptocurrency, and another thing to promote Bitcoin as a reliable means of payment. At least the purchase of electric vehicles with Bitcoin, as well as subscriptions to Time magazine with Bitcoin (also good news today), practically expands the infrastructure for using cryptocurrency.

Tesla bought $ 1.5 billion worth of Bitcoin and their adoption of Bitcoin made their Bitcoin accumulation even easier. I believe that accepting Bitcoin in one large enterprise will drive Bitcoin adoption in other businesses. Surely Bitcoin will continue to increase in value after a lot of businesses accept it. I also heard some news regarding miners reducing their Bitcoin miners' sales. Also yesterday, 14000Bitcoin were taken out of Coinbase.
All of the above data shows that Bitcoin's appeal has never diminished even though they have established ATH at $ 62,000.

As I predicted, Elon Musk looks like it will make bitcoin a payment tool for Tesla. because Elon Musk is currently more often in cryptocurrency and this can be an option for automotive lovers when they want to buy a Tesla car and don't have to pay with money. wow what a surprise this is

This is the best part! Tesla will now build a bigger holding every day.

I'm curious how this is working from an accounting point of view to the yearly reporting? Are they assigning the dollar value on the day of the sale or?

I must admit that I'm surprised with this news. It was obvious that Tesla were going to start accepting Bitcoin as a payment method. But not converting to fiat? It is really the best section in this statement. This news is another big contribution to the Bitcoin adoption.

It is really a great and interesting news, this might help on the boost of market of bitcoin indeed. A great service and less hussle also knowing that when you purchase a Tesla Car without converting it in fiat currency. A good idea to think for our co members here who have already enough bitcoin on their own to purchase their own tesla car. But on the other side Musk already confirms that they will going to hodl a bitcoin used to buy a tesla car which we didn't know if it is a long term or short term, most especially will have an impact on the market movement of bitcoin too, and for now we can't figured it out yet.

More like expected because Elon Musk literally said that they're already planning on implementing bitcoin payments after they announced the $1.5B purchase lol. The bitcoin payments was totally expected, but not the "not converted to fiat currency" part, which is a huge huge deal.

We are literally witnessing that Bitcoin is changing and shaping the future of the world now. Tesla is one of the biggest companies in the world and hearing such news from them sounds really great. This could also trigger other big companies too and we could see similar news from them in time.

Yes, fascinating news) I also saw in the Twitter today. this step was the really good one, and in my opinion the best among all others Musk's steps or decisions. It will have a great resonance in the crypto society and outside it. This news will be talked about and commented for long time)) will take the finger on the pulse and see what will be happening on the crypto market.

From when Lambo to when tesla  ;D Though it is pretty much expected that they will accept bitcoin as a payment to their tesla when they invested $1.5 billion in it, It is still nice to hear the announcement from Elon itself. Bitcoin could possibly rise because people won't need to sell it in order to buy a Tesla from Elon. Elon doesn't want people to cause dumping because of his product. What if Elon tells us they will accept bitcoin in The boring company? It would be nice to see an article with that news.

Sweet! It was last month I think I saw that a pilot page was up where they probably were testing and trying to integrate bitcoin payment system. Didn't expect them to complete it this quick! Best thing is, they aren't using any third party payment gateway or processor and they are keeping every bitcoin they receive instead of converting it to fiat. Now that is really interesting. As far as I have seen, most of the "well known" sites that accepted or used to accept crypto currencies always used a third party payment gateway where the they received the bitcoin and paid the merchant with fiat.
Lets see how it all turns out. I am sure a lot of people are going to buy tesla with bitcoin.

After 3 years out of BTC I'm back and checking all file backups for any version of a backed up wallet and if I find any Satoshi in some hidden change addresses – maybe now I'm not only going to find some Satoshis but hopefully a brand new f'in TESLA …  ::)

While you are going deep into your treasure hunt keep in mind all the possible bitcoin forks you may also claim if you are in control of the private keys of the Btc you eventually find https://www.bitcoinforks.io/

Good luck with that.

PS: once I read a useful guide here in bitcointalk on all btc forks and  how to claim them but cannot find it now by hand.

Thanks & thanks for the heads up about all the forks.  :)

The whole world is waiting for an announcement from Amazon. Just imagine how it affect the price!

This is definitely going to cause a price pump! Make sure you have stacked your satoshis :) Did you know you can buy and sell your BTC on our mobile app? Check it out: https://www.tap.global/

I agree mk4, its one thing announcing that they are taking Bitcoin payments
its another to publicly announce that those Bitcoin received as payment
will stay in a wallet and not be converted to FIAT. It backs up what generally
the big investors are getting into Bitcoin for, a hedge against inflation
and to hold for the future.

I get the same thing...no bitcoin option.

The bitcoin price will include all taxes, fees and delivery charges which Tesla will pay in fiat.  Not so hard to do.

I'm sure Bezos and Musk talk all the time.  It's coming.

I see Michael Taylor and Elon Musk too desperate for the BTC to rise, they are playing with people to make their investments grow, very careful this is going to end ugly in my opinion.

Great now the company is officially investing in bitcoin because I guess they will just hold the bitcoin payment they received in the company. It doesn't actually make sense accepting bitcoin and then just selling it. For sure the market price would change from time to time because the market is volatile. We know Elon Musk is an influential man in the cryptocurrency community and for sure we could expect that his tweets are just some types of hype but I guess it's great to see progress to this where other companies could potentially adapt bitcoin as well like Tesla.

Yes, this is the meaning of real adoption, keeping bitcoins without converting to fiat reflects Elon Musk's vision of adopting bitcoin, the rest of the company has accepted bitcoin as an additional method of payment, and some businessmen are only speculating as for Elon Musk, he is taking the path of real adoption of Bitcoin, and this will certainly be his Huge positive impact on Bitcoin.

Elon is a real pioneer, no way was he ever going to get left behind. It really doesn’t surprise me that he’s one of the first elites to really embrace bitcoin. I tip my hat to you Mr Musk.

Its such a big move and this is why people love Elon Musk. As the person behind Tesla, he himself announced what will be his moves regarding the Bitcoin and Tesla connection. This shows that they are ready to cater those Crypto-Millionaires and other people that is gaining their income through Cryptocurrencies. Elon likes to stay ahead of his competitors but its really hardly a competition when no one is following his footsteps in doing something better about it.

I agree with you. Elon Musk is being a real visionary. I admire what he is doing for bitcoin adoption and now even more as I saw he isn't going to convert btc to fiat from Tesla's sales. It's a good signal he truly worries about bitcoin's success, not seeing this only as a marketing strategy or a speculative scheme to make fast profit and exit.
By doing this he is helping the crypto community to grow larger and of course, helping bitcoin investors to increase their investments in value, as btc should go up with good news like this.

What a really nice news when it comes to adoption.Its good that Tesla is now accepting Bitcoin which is a good move and hopefully other companies would do it as well.
Somehow the price havent been reacting with this kind of news or fundamentals which im not really that much off surprise and what i do like the most into those
words that they wont really be making out conversions from bitcoin to fiat which does signifies that he isnt really just going for short term investment.

He do go for long term.Imagine a big company like this would really risk out their sales profit in forms of bitcoin?

It works for me on all models, once I configured it and get to the payment I do have card and BTC options, works with every model apart from the top model S, which has a mid-2022 delivery.
And yeah, I'm using a VPN as I'm not in the US.


He sees it as money and an option to get publicity and profit. At the end of the day, he is no different than the others who have invested in it and helped also with the value going up and offering people ways to invest in and we are the same in the long run. We keep coins to make a profit also, we use it when it's a better option than cash or cards, it's a tool that when used correctly it can be advantageous in both options.
I've stopped a long time ago believing that it will work as a currency alone, as I what fairly obvious I am not doing just that myself.

Now, the interesting part is going to be what bitcoiners will do?
Will they pay with BTC or will they stick to fiat and keep their precious coins in their wallets!?


LE, fixed quote.

It works for me on all models, once I configured it and get to the payment I do have card and BTC options, works with every model apart from the top model S, which has a mid-2022 delivery.
And yeah, I'm using a VPN as I'm not in the US.

[/quote]

VPN appears to be the key. Works for me now.

I completely agree with you on the matter that Micro transactions with btc will be a lot more significant. But if we are to examine society, you will discover that a lot of persons view on btc is that it is an investment choice/option and not something for everyday transaction. The time when people hodling btc will freely use it for their everyday transaction is still far. At the moment, most will only agree to use btc as a payment option for something big.

I like the idea, but it's pretty dumb to buy an overpriced electric car for Bitcoin, if you think about it.

It would be fine if you haven't had to wait a year for your Tesla. If I pay for it now, by the time I get it Bitcoin could be worth 3 times more. What's the point Elon?  :D

Also, I think like the new EURO emissions are made to force people into buying electric cars. I hate what the car market in the EU is becoming.

Point for him, Tesla will continue to accumulate BTC in the long run, as he mentioned that they are not going to convert it to fiat. So another wise move by Elon Musk to somewhat intentionally mentioned it, sort of marketing. And if someone will read it, he might swayed to buy his car with their precious bitcoin knowing that he is very much bullish about it. Win-win for him and his Tesla, very smart Elon!!

Both beneficial for bitcoin and also for Tesla.

We might see on the upcoming days some people who have bought their Tesla with bitcoin transaction. It's really no secret that he's all in for bitcoin and he's helping to keep bitcoin stay where it is right now.

We've seen the market increased after his tweet.

This is very good news for Bitcoin holders, as the Bitcoin price will be going up in a few days. With the news that Tesla has officially accepted
Bitcoin payments, this could be a trigger for an increase in the price of Bitcoin in the near future. The thing that caught the eye of Elon Musk's
tweets was Bitcoin paid to Tesla will be retained as Bitcoin, this means that Tesla indirectly buys Bitcoin. This is really amazing in my opinion,
I hope there are other big companies that follow in Tesla's footsteps, the price of Bitcoin can go up very fast.

*IMO the power of this tweet is not that powerful usually 'lol'...
But here is good news for Holder, it is possible that we will see Bitcoin price increase by a few percent in the near future, it might break $ 70k. *Tesla announced that believing in Bitcoin was the best news

This news will give a good effect for bitcoin at least there will be many people or company who will make a decision to accept bitcoin as a payment system. Yeah, we will see it sooner or later since bitcoin is more popular now and I see that bitcoin has already grown and we can compete with the gold.

But, there will an advantage for this way, we can buy the tesla car if we have let say 0.1 bitcoin and we bought it when bitcoin price is low. Yeah, I have regretted many time, before bitcoin price low $10.000 I have 0.5 btc I don't know if I still hold that amount until now maybe I can bought more than one tesla car.

If nothing else, this simple tweet from him is like endorsing bitcoin also. As he emphasized that they will not be converting it to fiat, which means, they are really serious in accumulating bitcoin. This shows that they believe the potential of bitcoin in the market. I am certain, some companies will follow thru. Sometimes, it only takes one big company to initiate the movement. And that is Tesla. We need more of this news, as bitcoin is in the red position right now. It may help in gaining again its value.

Even though I can't afford to buy Tesla right now, but I am very happy with the news that Tesla is officially accepting Bitcoin payments.
But at the moment it only accepts buyers from the USA, for those from outside America can wait until the end of this year if they want
to buy Tesla using Bitcoin. Usually if there are positive tweets from Elon Musk regarding Bitcoin, it will make the Bitcoin price pump.
Hopefully the Bitcoin price this week can at least go up again to the price of $ 60k.

I think this is good news for Bitcoin. It will stimulate the price increase of Bitcoin, and then it may be recognized by more and more big brands and improve the acceptability of Bitcoin in the world.

It is a wise adoption from Elon Musk and Tesla. They officially get bitcoin without relation to Coinbase for their orders. It is for Tesla investment into bitcoin.

About that news, it hits the market up a little bit but does not enough to bring the market to the temporary cap and break it to set up a new all time high. Bitcoin market needs a correction and good news now don't have much effects like months ago.

After very short bounce to $57,200, bitcoin fastly falls back to below $52,000.

Bitcoin now can be used as a purchase option for being in a large company. now let's see if Tesla starts using this as a purchase option will other auto companies catch up? we are waiting for many large companies to offer their products with payments using bitcoin. this must be great for attracting lots of loyal customers of the company

Right after this news, Bitcoin went up as high as $57,000 but hours after it made a huge dump and right now the price of it is at $52,000.

Although this has been a good news towards Bitcoin, the effect of it towards the investors didn't affect that much and its just a short pump and dump news like always. This is the continuation of the domino effect that those other companies had done. Accepting Bitcoin and other coins and now other companies are doing the same too which is beneficial to us especially to those Hodlers.

The next support is around $50,000-$51,000 after it broke down the $54,000 price support and the resistance is still the $57,000 price level. A good news in the future might took off Bitcoin to its recent ATH but I doubt that it will happen in the next weeks :D. Anyway, lets just be ready in whatever may happen towards the crypto market :).

This could possibly cause a pump in the bitcoin's price in the upcoming months, we never know.

But Elon Musk always affect the price of cryptocurrencies depending on his mood swings and trend in the market.

As a Technoking of Tesla, he really can push the adoption of bitcoin in this platform especially that he can somehow manipulate the prices of crypto in the market. This could possibly pushed the price of bitcoin to $70k, let's just observe and keep our eye on the market to see all the opportunities that are possible to grab on.

Well its really about time so that people have alternative to pay with cryptocurrencies. This step should have been implemented years ago. But things are still young and the nature of its price is very volatile to keep up. Should they consider stable coins would ease the problem for that.

This is another good news for the bitcoin community, Elon Musk really has a good name in cryptocurrency so even a single post from him can change a lot of things regarding cryptocurrency. I am just amazed at how early it happens because just a few months ago Tesla bought a huge amount of bitcoin.

Looks like the Tesla effect  (https://decrypt.co/62783/tesla-effect-fades-as-bitcoin-and-crypto-markets-slide) has fade this time because the market goes down even with the bullish thing. Is this somehow just a shakeout or will it continues to slide? I will stay on the sidelines until there's a good confirmation if it will goes a breakdown or a breakout.

Well, I guess that's to be expected. It’s a new great marketing hook from Elon Mask that promotes both Tesla electro cars and BTC. I won’t wonder if soon we’ll see the news that someone had bought Tesla car in BTC. Nevertheless I looked through their site: https://www.tesla.com and didn’t find any mentions that any model of Tesla is selling in BTC.

No surprise at all, even the twit from elon cant helped bitcoin from bleeding today. Right now, the support of btc $51k already reached and i think tomorrow the price of bitcoin will going down below than $50k.

That's great news! I'm not going to buy Tesla, but t's glad to see that big companies accepting btc. Interesting when Steam and PSN will accept btc lol. Also, what about other crypto?

Time for new players to jump in and join the ride, with how the market is now moving there's a big chance

that big players are working, after that surged back to $57K+ now it moving downwards again and just like

what you have said there's  also a chance to see more dip. Nonetheless it's normal with this invesment but

seems the timing is great after another tweet/update from Musk. Think out of the box and work with your

chances.

Is this another Elon effect that many investor will encounter soon for them to invest more into Bitcoin?
In any way, as long as it is adoption, it is an opportunity.
Maybe Lamborghini would follow the same as well soon? :D
Who knows?

I've seen the post where to buy bitcoin when the market price of bitcoin is around 100k$ which I think the best thing to do and probably your gonna need to convert your bitcoin at some point especially if you're already in a very high profit because the cryptocurrency market is just so risky so there is always a potential to lose your profit when the market goes down.

Still, it's great news for the bitcoin community seeing a giant company like Tesla adopt bitcoin, I cannot see a lot of people to used bitcoin in buying a Tesla but for sure in the future or when the bitcoin reaches a very high market price in the market we are surely going to see a lot of people using this option.

It just a mess if companies accumulate high bitcoin volume the same as whales where bitcoin prices could be manipulated.

That’s amazing! It seems that in our near future we will have an opportunity to pay BTC everywhere.

Tesla has reflected their bitcoin payment terms and FAQs (see below). Amongst the things they mention:

-   Prices reflected in bitcoins will vary over time (logical). They will remain stable on the site during a certain timeframe, after which they may change in any direction (i.e. if you take some time to complete the order, the bitcoin price displayed may expire, and you’ll need to retrieve a new bitcoin price).

-   Bitcoin TXs will be considered as completed after n confirmations (being n a value at Tesla sole discretion, which is obviously not going to be 1, but the concrete current n value is not reflected in the documents I’ve read so far).

-   One should pay the exact amount in bitcoins.If you pay less, you’ll need to pocket out the rest as a due amount, but if you overpay, … you will not have a right to a refund for the excessive amount! (which does not rule out they wont compromise, but the terms are the terms ...)

-   They comply with AML, and warn you that your data could be passed on to related government agencies.

-   If you require a refund (i.e. giving something back), Tesla reserves the right to decide whether they do it in bitcoin or fiat. The customer is the one that assumes the risk of depreciation (i.e. you bought a Tesla yesterday at 56K/BTC, and you might get reimbursed in fiat with a 51K/BTC ratio).

It doesn’t mean it will happen, but it may (although it would really go against making the case for paying with bitcoin).

See:
https://www.tesla.com/assets/pdf/btc_terms_and_conditions_en_US.pdf
https://www.tesla.com/support/bitcoin

Since Tesla invested in Bitcoin, I have predicted Tesla will adopt Bitcoin by accepting Bitcoin payments. The thing that surprised me was that Tesla
did not plan to convert Bitcoin to fiat after receiving payment for the purchase of Tesla products. This will make the number of Bitcoin owned
by Tesla continue to grow, as if Tesla really wants to invest in Bitcoin in the long term.

I already predict it almost a month ago And i also comment about it on bitcoin talk forum but most of the users thought that I was saying just for nothing. But lots of legendary member, hero, sr, full member also agreed with it. They say that elon mask is giving us hint that he could be accept bitcoin to purchase tesla product.  We also predicted that if elon mask approved bitcoin then god knows when bitcoin reached. But though bitcoin in ath after that news bitcoin is in little bit correction which is normal. But people thought elon is behind this red market. I think we Shouldn't be panic about this market correction just wait and see where bitcoin Reached. And thanks to elon mask it is a huge steps as a biggest company in this world.

Elon Musk made the tweet and you cannot expect them to add everything in their website as soon as he post something. Since Tesla invested billions in bitcoin it was a matter of time they started accepting bitcoin and other similar coins to purchase their products. The funny thing is that everyone i asking Elon Musk is whether he will be allowing Doge coin  :D.

If Tesla can invest a billion dollar in bitcoin then they can hold the coins they are making selling the cars and they keep on growing but they need to be careful as the market is really volatile and you need to be smart when you are dealing in a market like this. Musk does have all the confidence in the world and there was a time he was struggling when his companies were not giving him the profit and i am sure they will not be taking much risk.

In my opinion if Elon keep doing this it will be very good for future of bitcoin.

Because when the big company like Tesla want to Buy bitcoin with big amount and want to accept bitcoin for their payment.

I'm very confident the price of bitcoin can't go below than $40k anymore, especially going down like 2017-2018 period it will never be happen anymore.

If the scale is huge, such as Tesla, which can use Bitcoin to make direct payments, then more companies will consider how to eliminate middlemen to create processing systems, how to legally and compliantly accept Bitcoin directly, and how to settle payments based on digital assets. Tesla's attempt will lead traditional finance to re-examine the financial system in the Internet era and accelerate the shaping of the digital financial system.

Tesla and bitcoin again. Want to Buy a Tesla With Bitcoin? It Ain’t Easy (https://www.coindesk.com/tesla-bitcoin-payment)

To make and finish a payment within 30 minutes, customers will have to accept most expensive fees at top 1 or 2 MB of the mempool. If price of bitcoin is soaring, the fee will not be cheap certainly.

Tesla describes bitcoin payment method in Bitcoin - Terms and conditions (https://www.tesla.com/assets/pdf/btc_terms_and_conditions_en_US.pdf). They have yet described about exchange rate of BTC to US dollar when a customer clicks on Buy. I know it will be a fixed rate at the time of Buy click and the rate will be fixed in 30 minutes. However, Tesla should rewrite their guide.

Is that what it really meant? From what I understand, you will have to complete the whole buying process within the time frame given before the BTC price changes. It wasn't clearly mentioned if it should be confirmed on the Bitcoin network.

This is what their FAQ says:
^ Based on that, customer payment doesn't have to confirm within the next three blocks.

Definitely time change. This is the proof that Bitcoin is slowly climbing to the peak of business world where big institutions and personalities are there. Elon and Tesla are popular so not difficult to evangelist the world about Bitcoin as a method of payment and a method of good asset to hold. Its up the Bitcoin holder if he/she will convert his Bitcoin to fiat, hold Bit coin, or use it as a method of payment. This will gonna hit the door of car and business industries. Possible, few more years the world is in Cryptos adoption.

Tesla is really adding more value to bitcoin so what should we be expecting? A rise in market value? I think certainly yes. For me this should be a more perfect time to accumulate bitcoin for the interest of the future.

I’m not sure if it is just to attract possible customers or investors but I think it’s a great strategy for Elon Musk to accept Bitcoin as a form of payment if they purchase Tesla. It’s an advantage to Bitcoin and other cryptocurrencies to be really known and accepted by people who still does not believe in cryptos, but the downside is that since Tesla owns a couple of Bitcoin already, I just hope he would not withdraw them all or the market would go ga-ga if that’ll happen.

a good signal for bitcoin holders in the future bitcoin will be even brighter and bitcoin is worth saving for the next year. Tesla is one of the largest companies in the world, there is a possibility that other bear companies will follow in Tesla's footsteps.

- It's not a good signal, it's just a little promotional event, instead of accepting bitcoin, I prefer them to invest money in bitcoin because a large corporation always gets a lot of attention, they will bring in many of their allies, as a result the value of that investment will increase very quickly and this is why I prefer them to pour money rather than an acceptance. Too many companies are already accepting bitcoin and investors will not apply this payment method, so there's no need for more, the final destination should be capitalization

Ride the wave. Best decision taken so far by a giant enterprise. We need to know now how many units will be bought using Bitcoin. I think someone will quote my post in the future to remember the fact that he bought a Tesla with >10x its price, just like the famous pizza ;)

yes, I've read those tweets. I posted that tweet on my Instagram account too to address my friend who is really into stocks and skeptical about bitcoin. LOL.
it's even better when he said that it will be retained as bitcoin. since it uses blockchain, we will know that is true or not in the future.
the owner of the first tesla-bitcoin should make it as an NFT  ;D
also, Elon's tweet about DeFi gave us some fresh air during the dip yesterday.

Great news for all bitcoiners, slowly bitcoin is taking over the world like alot of people envisioned during those early days when it was still cheap and under the radar, more financial establishments will continue to accept it with time, we are looking at a global adoption wow, it would be so nice to have at least one bitcoin before it becomes adopted globally, 7billion+ people and just 21 million bitcoin? Bitcoin might hit even $200k hopely.

 I'm really excited about Tesla giving their customers the option to pay with Bitcoin because it's great for their brand. Bitcoin is really amazing and I can't wait for people to realize how easy and secure it is to buy with it.
One day, everyone will be using Bitcoin. It'll definitely be here sooner than people expect.

This is one of the best news for Bitcoin. Tesla is like it is making a big effort for Bitcoin price to reach greater levels.  ;D  Firstly, they have bought huge amount of BTC (which is valued  $1.5 billion) and now they started accepting Bitcoin on their car sales. And they won't even convert it to fiat which shows they are intending to increase their investment.

They really have to adapt to the trend. I've remembered companies that became popular once but didn't avail to go along with the trend until they've been replaced by a newer company that's more into tech and got them kicked in the industry.

Tesla is just doing it right. And Elon being the iron man and aware of the technologies that are emerging these days, sure knows how to walk the talk.

Well, because in the first place --Tesla company is holding a lot of bitcoin, they want this because they understand that bitcoin is good for storing value and Elon Musk is a clever business that when it comes to money, he invest whatever he wants. That is included in his tweet that the bitcoin they receive will not be converted into fiat. So this is expecting that there could be a hype of bitcoin for the next few months. However, but for me, I will not buy bitcoin to pay Tesla immediately, I will store it and wait for the price to double and get Tesla for free.

It exciting news but it all the doing of the pandemic which shows to the world how vulnerable fiat was and Tesla company and their investors with the inclusion of their CEO (Elon) understood that fiat currency have a negative real interest which is the reason why they allow people to buy their product using Bitcoin since Bitcoin proves to be hedge so they (Tesla) can increase their Bitcoin holding instead of using their Tesla money to invest more in Bitcoin.

This is a mutual advantage, pushing Bitcoin price up at the same time will increase Tesla sales. They are not the first car manufacturer to accept Bitcoin though so they need to catch up with their competitors for unit sales in Bitcoin. Imagine if more car manufacturers will follow the same step, it will be huge.

This is really amazing to see how Tesla could contribute to Bitcoin's future developments, while $100k wasn't yet happening. As people converts their btc to fiat, more transactions will come in between digital and physical currency. Demand will also rise so we will be experiencing massive buy orders, once Volume will tend to increase.

Thought I had seen him make a tweet earlier about this. Anyway, thanks to Elon Musk for supporting Bitcoin. I don't just see a user in him, I also see an ambassador, a supporter! Bitcoin just keeps having these great wins! There's more adoption and surprise packages to come.

When Tesla announced in February that they had made a Bitcoin purchase worth $1.5 billion, it was mentioned that they will make Bitcoin available as one of the payment options for Telsa cars. Apart from that, I don't think that Elon has tweeted about accepting Bitcoin as a mode of payment. But the most important thing here is not the acceptance by Tesla. They have stated that they will keep BTC as such and will not convert it to fiat currency. That is going to be huge.

It will boomed bitcoin, imagine how much more money will show up and how big the industries to

embrace this system. Tesla will open the door and start something that new adoptions will take place,

Not just for TESLA but for the entire crypto market as we know that once Bitcoin strikes those alternatives

who also have good supports follow the lead.

Except the purchase and accepting Bitcoin as a mode of payment, sometime about a month ago, he changed his twitter bio to "#bitcoin" or something like that. That actually caused a surge in price of about $7k. He's being helpful... That's the best I can tell.

First we need to differentiate the actions from Telsa to those from Elon Musk. Tesla had purchased $1.5 billion worth of BTC in January and that resulted in the second bull rally in recent months (from $33,000 to $62,000). Elon on the other hand makes some tweets related to Bitcoin, but has explicitly stated that he doesn't own any Bitcoin personally (apart from the BTC0.25 that he received as a gift many years ago).

It's really surprising how bitcoin got alot of adoption starting from last year to this year, Tesla had shown interest in bitcoin at first then invested a very huge amount of bitcoin which I believe there are already making  insane gains out of it and now Elon Musk stated tesla will be accepting bitcoin as payments and the bitcoin received as payment won't be converted to fiat that means there will hodl any bitcoin been paid to them, this is great in the sense that bitcoin adoption is growing and also more investors are also coming in, it really obvious that the adoption of bitcoin by many companies is also contributing to the massive pump of bitcoin.

This is a new beginning to the way we exchange goods and services. Digital currencies will rule the future

This is very bullish news and also this means that Elon musk know the importance of bitcoin and he want to collect as many bitcoins as possible.
However, just to be a little curious on his statement, how will we know whether he has converted the bitcoin to fiat or not , which he got from tesla sales ?
Is there any black n white way or system to know this ?

It really shows that bitcoin has a huge potential in the future because of the mass adoption of bitcoin in different applications especially in business. I want to see more of it in the future because it'll surely pump BTC's price and I bet it'll be more profitable if you still holding your BTC now. I'm a lil bit excited about what will happen in the future and I guess that many people who prioritize traditional assets will surely buy bitcoin in the future.

Wow, this a wonderful development to the bitcoin community and the entire cryptocurrency ecosystem because a milestone has been reached. Tesla is one of the top technology companies in the world yet they are accepting bitcoin - that is a huge development for us as bitcoiners. Bitcoin is finally going mainstream on full HD in this year 2021. With huge companies like Tesla backing and accepting bitcoin sky is the limit for bitcoin.

This is a good news for Bitcoin users then like us, I mean if a big company like Tesla started to acknowledge Bitcoin and starts using it then surely, other company will follow and it will create a domino effect. Hopefully this will be an eye opener to banks as well.

There is nothing unusual about paying with Bitcoin, which is normal and logical for Tesla. The highlight is that it is particularly emphasized that these bitcoins will not be exchanged for legal tender. In other words, users do use Bitcoin to buy cars. Then, with the expansion of the cryptocurrency market and more institutional endorsements, the payment channel for enterprises is opened up. Bitcoin will complete the process of value storage in a few years. That is, it ends its high-speed upward trend. At that time, there would be no possibility of doubling several times, nor the possibility of cutting in half. After the value reserves of gold may be reached, the myth of creating wealth will not continue. But digital currency has become popular among the general public.

This news will surely have effect to the price because now we will have another place where bitcoin will be holded...people who want to buy tesla will not have to convert their bitcoin to fiat and also elon mask said that he will not convert as well...i dont know if this is his real intention but surly this will make the price move.

Well, there is no doubt that Tesla's adoption of bitcoin for electric car payments will fuel a new trend and more and more institutions will accept bitcoin by validating a new regulation. That means the higher the value of bitcoin. I predict the next trend for lots of new speculative opportunities and new ATH is possible.
Tesla and Elon have been the focus of attention this year in the crypto space!

After Tesla poured $ 1.5 billion into bitcoin and entered this micro revolution.  Their ambitions are predictable, and Elon has broken the inherent barriers to bitcoin.  Surely with this good news, Tesla can sustain it, they will accumulate more bitcoins and increase their stock impedance.  That means the value of bitcoin will move in a new direction.  Hopefully, in addition to electric cars, other types of bitcoin will also help bitcoin expand in both value and popularity and become a major driver for bitcoin to be accepted around the world.

Tesla is actually setting up standards for other companies to follow thereby increasing the market volatility of bitcoin. In the nearest future other companies like Tesla would also start accepting bitcoin as a means of payment for commodities purchased and services rendered. The future indeed is crypto.

To fit in to the season of block chain harvest it would be pretty cool if everyone buys bitcoin on matter how small a quantity the can afford which indeed would appreciate massively in the future so as to meet up with future societal trends
..

As I understand, you can buy Tesla with Bitcoin only in US. I've checked Tesla webpage for UK and Belgium, and the only option to pay were EUR and GBP. Funny, that you can order Tesla just by using credit card, which I doubt has a that size daily limit.
Maybe this option is available in other, more cryptocurrency friendly, countries. But I think it will be like with PayPal - available only for US.

Bruh, in his tweet he has stated that bitcoin payment method outside the US will be available later this year, although I know that maybe elon musk is talking about a developed country or first world country that's outside the US but it's still outside the US since the regulation betweet each country really differ so it's not as easy as it seems since he's also dealing car in this case which considered as luxury stuff for some countries.

Sorry, I was inattentive. I saw that Tesla accepts Bitcoin, but havent checked his tweets below.
Tell, do I understand it right - it is only announced that Tesla can be bought using Bitcoin, and there were no real deals right now? So it is more like just an intention to sell for Bitcoin and today it is still impossible to transfer Bitcoin and get a car? (I dont want to go through all these order procedure till the stage where you need to pay for Tesla. Dont want register on tesla.com atm)

With current price volatility of bitcoin I don’t think it’s a good idea to accept bitcoins. Nonetheless it’s a welcome move for bitcoin adoption as mainstream payment method. More companies will jump in as price of bitcoin gets stable. Soon, other giants should start adopting as well, which should stabilize the price of Bitcoin even more.

Very good news for crypto users. It gives a positive vibe nowtime,  people will focus more than before and step by step BTC will go ahead. The decision of Elon will make the world easy for BTC those who banned BTC yet can understand the value or possibilities of cryptocurrencies. May be the world will be more familiar for BTC oneday.

This is one the coolest news. Hope for this news bitcoin price will increase more. It gonna touch $70k soon. If i have Bitcoin then i can buy a tesla car. Hope in the future i will buy tesla.

I would say it is both good for Tesla and for Bitcoin. It is good for Bitcoin because now that Tesla accepts Bitcoin as payment since we know how popular Tesla is, this will attract more users in the Crypto industry resulting in massive adaptation. Besides, this will lead other large companies to follow Tesla and accept Bitcoin as payment as well. Moreover, I think it will be easier for Tesla to sell their cars in this way because it is very convenient. The benefits of tesla here is that it could be a direct investment in Bitcoin and this could possibly generate a bigger profit.

Not converting the btc to fiat? then they will keep holding the btc? Then how about in their financial report? how can they report their income or profit if the currency is not converted?
But well, i don't know is that great or bad idea for the company, since the stock price is really volatile. How if they experienced loss for selling the products just because the btc price decreases? Is there any way to prevent that? if not, then it might be bad for the company. And i don't think the management or investors may like that idea.

very correct thinking from you, that what you say in outline certainly makes sense. The company certainly needs bookkeeping that can record it if a purchase occurs, if a purchase uses bitcoin, of course, the amount paid using bitcoin needs to be immediately changed to fiat. otherwise, there could be a difference with the receipts provided because we know that bitcoin changes in price very quickly.

but for investment, it may still be acceptable because usually large companies also invest a lot in stocks and dollars. to seek profit in the future. so if changed to Bitcoin it is clearly more useful and more profitable. because bitcoin is a very profitable investment for the long term.

I don't know maybe the reason could be that they want to increase their investment into Bitcoin. I guess the number of people who would like to buy Tesla with BTC won't be even close to the ones who buy with fiat. Hence, they may want to add the income to their 1.5 billion-dollar investment. Otherwise, I don't see any better reason to keep it as BTC.

It seems to me that in any country, any tax return can contain information that a company or a person owns a certain amount of cryptocurrency. The state itself decides how to tax this asset or not to tax it at all. If there are no such laws, then the tax will not be charged. On the other hand, every person, as well as the company, has the right to sell their goods for any Fiat currency, as well as exchange goods for goods. Thus, if a person buys a car from Tesla using Bitcoin, then this can be perceived as an exchange of goods for goods. At least on the legal plane, this issue is completely resolvable.

yes, with Tesla accepting payments using Bitcoin, then this will make Bitcoin more popular and of course that will make a lot of people start to investing in Bitcoin, so the price of Bitcoin will increase very high and of course the price of altcoin will increase too, so we will get a lot of profit from investing in cryptocurrency at this time.

Just wait and for sure Elon Musk will reveal someone who used Bitcoin to buy Tesla car/s  it's not impossible since

there are many elite investors who are in his circle who also have Bitcoin assets, time will come and a transaction

will be there, additional advertisement for both side, Bitcoin to attained more recognitions while Tesla as company

will also gain it shares for more publicities coming from crypto investors.

It is the smart thing to do I think. Because it is very likely for the price to reach at least 100k dollars in this year. While there is a huge anticipation about it, why would I also buy a Tesla now?

Considering how famous Tesla and Elon Musk is all over the world right now, having bitcoin as a mode of payment will surely benefit both sides. Like for instance, as Tesla accepts bitcoin as a payment, they have all the capability to hold it and wait till its value grow more while bitcoin is gaining much attention since it is being recognized by a globally popular company. Afterwards, bitcoin will also be noticed by huge companies all over the world and as it gains attention, the demand for it will increase which will soon result on having a higher value and higher recognition that it has before.

Found It : https://bitcointalk.org/index.php?topic=2836875.0

this news is bullish but it was inevitable after Elon Musk's publicly expressed interest.
I think the question now is not when will a new big tech company invest in bitcoin but rather which one?

does this include a profitable strategy from both sides between bitcoin and Tesla?
see now with this news I think the price of bitcoin will soar and the stock price of Tesla also has a high increase. So this is a great move for the second promotion

Tesla already has close to 100% unrealized profit from their first investment in Bitcoin (which was done in January 2021, for a total amount of $1.5 billion). So obviously if the Bitcoin prices go up, then it is going to benefit Tesla. Another important point to note here is that Tesla has announced that they are not going to convert their Bitcoin revenue to fiat currency. So eventually, their Bitcoin stash is going to go up further.

lol srsly? people who buys tesla with bitcoin more specifically definitely not gonna go around shouting that they bought tesla, this statement that says tesla accepts bitcoin itself coming from elon musk, maybe it's different in various country that only allows buying tesla through third party meaning they don't follow the idea of the tesla company itself since they are different entity but elon himself said that you can pretty much buy it seamlessly in the US. To be short, whether you can buy it or not using bitcoin totally depends on your location.

The point of the news is not to sell, but to reserve the currency directly! This is to regard Bitcoin as the most direct currency, and the impact of this event must be extremely far-reaching. Because it means that the consensus of Bitcoin will be greatly improved in the future. A global top ten giant company directly intervened in Bitcoin, and it did not treat Bitcoin as a speculative product, nor did it treat Bitcoin as a product. A long-term investment in commodities, instead of directly using Bitcoin as currency and directly using Bitcoin's monetary attributes, this returns to the original intention of Bitcoin. Once this experiment is widely accepted and succeeds, it will have epoch-making significance. The meaning is that Bitcoin is finally full of wings. In the context of the serious over-issue of global currency, Bitcoin's perfect currency properties finally bloomed with the most dazzling glory. It does not need to be huddled in the international market and be attacked and insulted by various speeches , But walked to the front of the stage in an open and fair manner, becoming a lightly important link in the international financial trading market.

Elon Musk is one of the top person that is rich and because it's influenced it's easier to him to invest also regarding with the bitcoin by his investment on the bitcoin and post on the social media sides the bitcoin pumps immediately, it's easier to him to gather the bitcoin and at the end, he influences the use of Bitcoin to buy it's a very good car that's one his investments.

This gives another hype to the community especially the market of cryptocurrency.

It does actually, looking how tesla and bitcoin price movement in the market when they did announce such news already gave us the answer. And since Tesla is accepting bitcoin directly as a form of payment already, now I wonder will other big US companies would do the same. Hmmm. can't wait how other companies would react...   ::)

I think that this move by Tesla not converting bitcoin to fiat is going to benefit them and considering that they are going to stash this bitcoin, I am positive that the prices are going to soar higher in the next coming months and years and to anyone who still doesn't want to get into bitcoin, I think that this is one of the many signs that you should get in because with the current situation, the only way for bitcoin is to go up.

It's just matter of time, maybe in the next 5 years many companies already accepting it since integrating it is now hassle-free because paypal and it opens up a company to wider potential customer so why not if we're looking from business perspective. what i'm waiting is now the big company from other continent, like asia whether they gonna accept crypto or not.

Thanks to this, the price of bitcoin just literally took off like a Spacex rocket.

Very bullish news for bitcoin 🚀. Adaption is here, after Elon's announcement not only a few days after Paypal also release news that they opened crypto payments in 29M merchants. Bitcoin is getting stronger and now more institutions are using bitcoin for their businesses. Let's keep holding!

By the way, I wonder what they are going to do with such a stock and what the storage time limits may be and what are the conditions for a potential conversion? Because I understand when this stock of bitcoins is used in operational activities, because as far as I remember, Tesla started accepting payment in bitcoins and some stock could be quite useful. But since the conversation is about storage...

I still recommend Bitcoin to all my friends, customers and family. In my opinion, some of the risks holding bitcoin on a long term perspective has decreased in the past few months. All around the world, financial institutions are going for blockchain technology and accepting Bitcoin as a trustworthy payment method for their products. Guessing PayPal could also adapt this strategy and start to offer wallets to merchants.

Agree with you on this, there is always a percentage of risk in every investment and this risk is a bit higher when you deal with crypto but seeing big boys investing so much money into BTC is reassuring imo. I don't think istitutional investors will staying inactive when their investment value decreasing and will put in place every measure they have at their disposal to defend their positions.

Wow, that's incredible. I was very amazed that it happened so rapidly. Even then I was very delighted and believed it could transpire. But did not expect so quickly. Tesla put forward the value of bitcoin more  ;D

This is just a sign of things to come. This decade (2021-30) belongs to cryptocurrency, and already we are witnessing huge strides made by Bitcoin as far as mainstream adoption is concerned. First it was paypal wich accepted Bitcoin in its platform. Then Tesla came up with the idea of a multi-billion USD investment in Bitcoin, followed by accepting it as a mode of payment for the purchase of its EVs. Now Mastercard is bringing cryptocurrency in to it's network. It is possible to make payment with BTC on Visa. In short, the revolution has started and all you need to do is to hold on to your coins for some more time.

I also recommend btc for holding. Big company starting to invest in btc. I think, They not publish their investing news to publicly everytime. Lot of companies starting to invest in btc, People inspired to invest in btc from them. It’s will be a major reason of btc pump.

Listed companies need to publish the details of their investments, in a monthly or quarterly basis. However, private companies are not required by the law to do so. So if some of the companies that are not traded in the stock market are purchasing or accumulating Bitcoins, then we may never know about it (that is unless these companies themselves reveal their holdings). That said, I believe that the next pump will be caused by individual investors from the United States, and not by institutional investors.

Do you think that Investors are attracted to Bitcoin for no reason?
Seeing the rising price of Bitcoin and its demand, various companies have invested in Bitcoin for their own profit. Some companies have invested in Bitcoin to advertise their own products, example-PayPal. Elon Musk has invested in Bitcoin. He naturally wants the price of Bitcoin to go up so he is working hard for the promotion and adoption of Bitcoin. Elon Musk has assured that the bitcoin obtained from TESLA will be held for the future, It will definitely impact positively in Bitcoin ecosystem, I applaud his intentions.

I was going to buy a Tesla Cybertruck anyway.  The ability to do so with Bitcoin is just icing on the cake.  Not to mention that Elon is going to hold the Bitcoin and not exchange it for fiat, and you have a win-win for everyone. 

I can't wait to get my hands on my Tesla.  Been a long time coming.

You can follow my Tesla Cybertruck purchase using Bitcoin here:
https://bitcointalk.org/index.php?topic=5326636.0

When I heard this news, I was not surprised. Musk expressed his love for Bitcoin earlier. He bought a large amount of Bitcoin as a reserve investment. I think this time he used this move to raise the Bitcoin again. The currency's market has caused its price to rise again. I hope that one day I can also buy a Tesla with Bitcoin.

This adaptation is really good, imagine in the future people pay cryptocurrency more rather than fiat money.

For large payments, that doesn't require immediate confirmation, Bitcoin can be used at a lower cost compared to fiat currency. The transaction fee is still quite high (median fee stands at around $10 even now), but it is possible to get the payments confirmed in 4-5 hours even if you pay a fee of less than $1. For large purchases (such as Tesla Model S, which costs >$80,000), paying in Bitcoin can be more cost-effective, easy to process and safer compared to more traditional forms of payment.

If tesla does not convert BTC to fiat, That means tesla buying more bitcoin. Tesla still investing in bitcoin. Why not, The price of BTC still increases,s and demand also increasing. Tesla also created a new demand for BTC by accepting bitcoin. Buy Bitcoin At Shiftal (https://www.shiftal.com/).

This is not just love, but a good business plan. We all know that with each year and mileage increase the car looses its value. Even after being bought the car immediately obtains "used" status and looses in value. While almost every day we see Bitcoin price growth or at least showing stability. For example, if you buy Tesla for 1 Bitcoin today, the company gets $59k worth asset, if they hold, then in half a year it might be that a person has bought a car for $70k and companies assets has increased. Buying power of 1 Bitcoin has increased and inflation does not affected it.

Could possibly, they're not gonna be happy if public could see how they diversify their investment and to invest in crypto that is considered as high risk by some could make controversy within the company itself not to mention the public.
It's certainly good for holding aswell seeing its growth from the chart, people keep focusing on the pump and dump that happens quite short term but forget how bitcoin has performed over a decade.

I would imagine that any method of sending BTC would work just fine so long as it shows up in the blockchain.  I can confirm this once I make payment for my Tesla, but I don't see why they would require anything other than you sending BTC to an address they provide like every other Bitcoin transaction in the history of retail crypto sales. 

I don't understand what you don't understand.  Someone accepts BTC, you send them BTC.  Where it comes from would seem to be a moot factor so long as it isn't stolen BTC.

I am not surprised if Tesla accepts bitcoin, because Elon Musk is already in cryptocurrency maybe this is Tesla's strategy of accepting payments in bitcoin so that both of them have an extraordinary point of view in the eyes of crypto lovers. So I think it's a great merger of an auto company with crypto

It only proves that Elon Musk was open minded to adopt such crypto trend to become one of the mode of payment in tesla company. I guess he was the first businessman openly announce of accepting bitcoin as a payment on his business and knowing that requiring to exchange bitcoin into fiat is not already an issue.

Well he only proves that he was a business man and accepting bitcoin was his one of the business strategic plan. Also bitcoin was a good investment too so he really did a wise decision in this matter.

Are there any real cases of people buying Tesla with Bitcoin or this option is only available and no one yet used it?
I'm checking https://www.tesla.com/ for US market and it allows only to pay in US dollars. Neither car, nor accessories I can buy with crypto. It is mentioned that there must be a "Bitcoin symbol" next to "order" button (https://www.tesla.com/support/bitcoin), but I dont see it.

Well, they will do what Grayscale and Microstrategy does, store it for a long time and sell some of it from time to time and then buy back some out of the profit and increase your stash of bitcoin. I am sure that they have their ways to make money out of this.

Noone would spend btc for a car #hodl

Big applause for Tesla company and Elon Musk always promoting with bitcoin and doge coin, without him maybe Doge coin never have higher price above 0.4$ and never get chance with higher profit with doge coin, But he looks consistent with Doge coin only as promoting and never try except doge and bitcoin as his tweet every time.

They don't need to purchase any BTC from the market. They are already accepting Bitcoin as a payment for their EVs, so there is a net inflow of coins. But these are initial days and we don't know what percentage of the sales are using BTC. In their Q1 statement, they have already made it clear that the value of BTC they are holding is around $2.48 billion. Let's wait until the next statement to see how much their holdings increase during the 3-month period.

In my opinion, if Elon keeps doing this it will be very good for the future of bitcoin.

Because when a big company like Tesla wants to buy bitcoin with a big amount and want to accept bitcoin for their payment.

I'm very confident the price of bitcoin can't go below than $40k anymore, especially going down like 2017-2018 period it will never be happen anymore.

So it is the best time to buy Bitcoin at top p2p crypto exchange like Shiftal (https://www.shiftal.com/referral)

what @elonmusk does with his Tesla is something very clever, it is better for him to accommodate bitcoins through Tesla sales than he himself has to buy bitcoins, because it reduces the costs that have to be incurred for all transaction fees when buying bitcoin.

on the other hand, of course, for those who want to buy Tesla, it will obviously make it easier because there is no need to exchange it first for fiat, which obviously costs nothing. both parties benefit equally in this case and of course this will reduce the authorization to be simpler, only one cost and not two times, of course it is very profitable.

This is really good news happened to the bitcoin community, we also had seen the impact of this Tels that accepts bitcoin as payment with the increase of the value of bitcoin. Hoping that we can see another big company that will accept bitcoin as a means of payment and if that would happen another good news again and bitcoin will pump once again.

Tesla has done a really great thing by providing a new buying option to its customers which is with Bitcoin. But interestingly, I still haven't seen anyone bought a Tesla in this way. If someone makes an opening, I think that we will see its continuation.

Tesla company have publish they hold much bitcoin assets on their wallet, one side become good news but other side could be bad news when their company get problem sell bitcoin with higher amount make impact with bitcoin and altcoin going dump, still want to see how Tesla company keep hold their bitcoin payment accepted.

It was already late when I heard the news about Elon Musk. I just read it here in the forum few days after. I believe this whale gives a great help for the publicity of Bitcoin. Of course, this can be also a good reason for the price of Bitcoin to rise. I want to keep holding my bitcoin. I am also thinking that any other big business may follow this mode of payment if Tesla earn positive result through this strategy. In that case, Bitcoin will keep on becoming more expensive than today.

This news is quite old now however i would really like to know if anyone really bought Tesla car using bitcoin ? Do we have any such data where we know how many people used bitcoin to buy tesla products ?

Expect that to happened once there are more supporters and more adoptions that may take palce,

Tesla is well-known behind Musk and with him very vocal supporting crypto there are many followers

of him that may divert their attentions and investment to this system, the value may pumped more

as you said due to many users and holders.

This is good news for bitcoin holders, because with a tweet from elon musk the price of bitcoin will go much higher than now, here we can realize that bitcoin and cryptocurrency really influence the support of someone who is most popular.

From the below statement, it seems that tesla registered a sale of $101 Million in the form of bitcoin. So it means that people are intersted to buy tesla with bitcoin.
Some people interpret this statement as tesla sold some bitcoins which is not true.

I think this is a very good thing because its easy and faster, maybe safe :))  and a lot of people have BTC and can't convert them, can't cash out from different reasons. To buy a Tesla with BTC is like GOD grabbing you by hand when you needed most.
And hopefully Elon does not have some hidden and dirty things in mind and let the future buyers with empty hands.
Otherwise, good job

elon musk has announced that buying a legitimate Tesla car with bitcoin is proof that bitcoin is the first choice in the future, it does not rule out the future of many big businessmen to accept bitcoin as a medium of exchange and the future of bitcoin is getting brighter.

of course this news is very good. besides being a new innovation I also find it quite useful for bitcoin users myself :)
because I think now many have used bitcoin and this deserves to be a reference for all because I think in the years to come there will be a lot of goods or services that can be paid for with this bitcoin.
considering the growth of bitcoin which is getting better and better, I think things like this could happen

Here in Calgary Alberta ,Canada , you can buy a house through your local realtor.
Len Wong realty advertises that they accept bitcoin.
Of coarse it's all going to be KYC, and AML procedure ,but if your a straight shooting tax paying citizen, who profited by investing in BTC, go for it .

Bitcoin is ideal for payments such as this one, which involves large amount of money and those that don't need instant confirmation. But the KYC/AML rules are a concern. If we are making a payment from out personal wallet, then that wallet will be flagged and analyzed for possible money laundering. This can be a concern for many of the users who have large numbers of small transactions. It may not be easy to explain all of these transactions.

Wouldn't the fee charged for transactions be higher than the normal fiat. Except for p2p exchange but sending it directly from your wallet would be way more  expensive and the charge for gas fee higher than fiat

How long Tesla Company and Elon Musk have magic for their tweet last Doge become most pump after their promotion, I think if Tesla keep consistent with bitcoin and doge coin best chance to see all time high price for both coin. Now Tesla accepted payment using bitcoin and most working how to promote and make bitcoin keep growing up more.

This is a welcome development for bitcoin and soonest a lot of other car manufacturers will also start accepting it.Also other big organizations and manufacturers of other products will borrow a leaf and join in the acceptance of bitcoin and other crypto

Tesla cars can now go with bitcoin. Elon is constantly pushing Bitcoin. I have seen various companies around the world have invested in Bitcoin. Elon has since accepted Bitcoin for Tesla. Bitcoin prices will not go down so easily.

In fact, this has been predicted for a long time, when Elon Musk tweeted more often about crypto, this was a signal Tesla would use crypto. and it is proven that now the Tesla company accepts bitcoin. So there is such a deal between Elon Musk and Bitcoi

In addition to Tesla investing in Bitcoin, and Elon Musk clearly advocating for crypto, there is now another tech giant who bought BTC.

The headline of the Coinmarket cap article reads "Mercado Libre, the 'Amazon of Latin America,' Buys Bitcoin Worth $7.8M"
Here's (https://coinmarketcap.com/alexandria/article/mercado-libre-the-amazon-of-latin-america-buys-bitcoin-worth-7-8m?utm_source=activecampaign&utm_medium=email&utm_content=&utm_campaign=mktg-daily-newsletter&utm_source=ActiveCampaign&utm_medium=email&utm_content=Another+Big+Firm+Buys+Bitcoin+%F0%9F%9A%A8&utm_campaign=Newsletter+Thurs+6th+of+May&vgo_ee=UnMG%2B5eF2878fH4aSJe%2FUkzkASpiHornD%2Fz2wZTd1jg%3D) the full length article you can enjoy.

For sure this is an interesting take and perhaps many of us expected to see happening over the months and years to come, but perhaps now, given the market conditions this is a an unexpected surprise.

Will this help pump the market back to a new ATH?

I still haven't heard about anyone buying Tesla with Bitcoin yet. It seems really interesting to me to be honest. I would expect many people would be interested in it already. I wonder what the reason behind it is. Maybe people choose to wait for the price to reach much higher levels. Or maybe there is another reason that I don't know of.

This news has become the conversation of many people here, Elon is very influential in the growth of market price movements, not only in Bitcoin, he has also invested in one of the Altcoins that can increase its price many times. From this I realized that the whales had a very big influence on the ups and downs of market prices

I have read that there are people who buy Tesla cars using one of the altcoins but I have forgotten what the name of the altcoin is but what is certain is that Tesla can be bought using real bitcoin.

It is possible that if Tesla wants to develop also not to accept only bitcoins, but there is the possibility of providing an opportunity to be exchanged for bitcoin first with the help of Tesla. Anything is possible, but this is a very good development from Tesla to be able to accept payments in bitcoin.

it is clear and certain that Tesla will benefit if someone buys directly with bitcoin, because he does not need to search and buy, which obviously requires a broker and additional fees for every bitcoin purchase, there will be no fee if he receives bitcoin directly. This is a smart way that Tesla did to accommodate bitcoin.

Tesla elon musk famous car company which already accepted bitcoin as their transactions systems. If you have Bitcoin then you can but Tesla car. Elon musk a Bitcoin investor who permit Bitcoin as his company transactions system.

very body have thanks full for Elon Musk and Tesla Company because with them Doge raise all time high price, not any reason why have to worry with Elon Musk and Tesla impact because doge coin break out more higher price and many people earn much profit. I see doge is not stopping to raise on higher price and keep worth to get much profit.

But if it's not ideal to the place you live.

It's not wise to buy a Tesla car. Although if you're living to a place where your roads and infrastructures are better than what I'm worrying.

It's a good condition to drive one Tesla car and use your bitcoin buying it or you should keep holding it and wait until the price goes on high, and that's the time you'll be buying a Tesla.

Elon musk tweeted already bumped dogecoin to till today.but he helped Bitcoin market arisen because when tesla accepted bitcoin as their payments systems then Bitcoin market increased a lots.

Tesla accepted bitcoin and become investor in other side, because when payment using bitcoin they have make an investment for the future and give more profit by bitcoin keep growing up, I think good ideas for Tesla want to accept bitcoin as payment currency maybe they can hold bitcoin until have higher price.

Elon Musk has invested in Bitcoin so he wants the price of Bitcoin to go up further. He has played an important role in the adoption of Bitcoin. I hope that more investors will inspired by Elon Musk and will be encouraged to accept Bitcoin as a payment method. But through social media he spreads rumors which is not desirable at all. I admire his knowledge and I am a fan of his SpaceX tec but I don't like his influences on Twitter at all.

After this news, elon and his company have a lot of bitcoins. So he won't let his price go down. If not, of course. Not only elon but other big companies have invested in bitcoin. I don't think they let the price go down.

They won't let the price go down until they've taken some profits which has been always the normal next move by these companies. In some other news, this news might not be related to Tesla but just another company owned by Elon, the SpaceX announced accepting Doge, lol.

--> https://www.reuters.com/business/finance/spacex-accepts-dogecoin-payment-launch-lunar-mission-next-year-2021-05-09/

This came as no surprise to me, its only natural that they should. For a company that have got over a billion dollar of there investment in bitcoin, they surely see the potential in it and using it as a medium of payment helps them to buy pass the charge that would have come with them buying bitcoin directly as this would be sorted out by the customer.

Its a wise decision for sure and I wonder why Warren Buffett and his crew aren't think of it this way other than seeing it as a commodity that doesn't follow a growth pattern that they consider sustainable.

This is why Tesla and Musk would always stay ahead because, they are about the investment of the future and don't live in the moment. Before you realise it, they are already reaping. Merchants accepting bitcoin now arr visionary and you should be too.

I don't get what Elon Musk wants to do with cryptomarket
One day he promotes Dodge coin and the other day he says Dodge coin is fraud.
I think he's just having fun lol...