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Author Topic: Buying a Tesla with Bitcoin  (Read 773 times)
samcrypto
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December 25, 2020, 09:58:59 PM
 #41

Bitcoin price continues to rise and it can really buy many things considering that we are on a peak price again, and we all know that Bitcoin price is more volatile than Tesla so this is going to be an exciting chart to see for sure. Use bitcoin base on your goals, right now I’m confident that we can buy many things through Bitcoin, many already adopted Bitcoin.

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December 25, 2020, 10:36:26 PM
 #42


I don't know anyone can predict  Huh. but towards the end of the year we know that usually people tend to sell their assets for the holidays.
that means if you have need to watch the various news site to get the latest news about crypto. There are some instutional investors that bought billion worth of bitcoins. A few days ago grayscale was adding $500 million dollars worth of bitcoin into its portfolios.
The reversal trend is happening and people didn't have intention to sell their assets for holiday. They are still actively pumping the market.

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December 26, 2020, 11:57:54 AM
 #43

This shows that bitcoin’s price really do increase over time. Its value is growing and indeed a very good option for long-term investment. This matter tests your skills, patience, and strategy when in comes to buying and selling. Holding bitcoin WISELY could really bring you a good amount over certain period of time.

Way back 2017, bitcoin’s price peaked that’s why majority of users sold their btc and used the money for another investment. Which is a good thing if they were able to maximize the money and generate more profit in return. On the other hand, it’s such a big loss to those who just use their money for luxuries and didn’t hold because of the fear of missing out, most especially now that bitcoin hit and passed its previous peak record.

It would really be a great news if ever a bitcoin would equate to a latest unit of tesla. This would mean that the bitcoin’s price have a really great potential.
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December 27, 2020, 07:00:46 AM
 #44

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point


With so much price instability, I wouldn't say bitcoin has any history of preserving value. That's not why people are buying it. People are FOMOing into it for gains, not to preserve value, which is entirely different than what is going on with crypto right now.  (Interestingly, also TSLA as a stock, which ties in with the opening post.)

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December 27, 2020, 07:44:57 AM
 #45

Oh boy! I hope we reach that far soon. And given that I was able to save 1 btc before such kind of price reached, d*mn I will instantly become a millionaire here in our country! Forget about the Tesla, a fish farm is what I wanted the most hehe Grin.

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

Preserve its value, wow big word. Dude don't be overwhelmed by the fact that bitcoin's price continue to rise recently because lots of ups and downs happened in the middle before we reached the new ATH and future bloodbaths might happen as well.. Crypto is still volatile, it will never change. So don't be complacent, always be careful when investing.
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December 27, 2020, 08:46:06 AM
 #46

Bitcoin price continues to rise and it can really buy many things considering that we are on a peak price again, and we all know that Bitcoin price is more volatile than Tesla so this is going to be an exciting chart to see for sure. Use bitcoin base on your goals, right now I’m confident that we can buy many things through Bitcoin, many already adopted Bitcoin.
Amen brother, having a goal is the best way to utilize your bitcoin, but be careful, having a goal to focus on sometimes lead to a tunnel vision, you might have bought a Tesla right now but the price suddenly shoot up to another ATH to the point that you can buy that same Tesla for quarter of the price that you paid for.

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December 27, 2020, 08:59:26 AM
 #47

Great! I will wait Tesla to be 0.1 BTC, and I will buy it! Of course, I will have to spend an additional 0.01 BTC for papers and transport, but who cares! Smiley
It's very interesting for me to see the progress of Bitcoin on examples like this one! And can you imagine that rise from 10k BTC for pizza to 1 BTC Tesla car!? That's huge my people, and I think it will become even bigger than it is! Nothing seems impossible when you do so much in so short period of time, in the next 5 years we will see a big boom of crypto on the global stage, and I believe that next halving will push the prices even higher! It's still not too late to buy!

This is a good plan. I'm also going to wait, but I'm not going to buy a Tesla, but a more reasonable car (for example, a Mercedes S class or something like that).

But what I would like to see is a graph showing how many Teslas we need to buy one bitcoin.  Grin

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December 27, 2020, 09:35:53 AM
 #48

Like the 10,000 bitcoin pizza, nobody will want to spend any bitcoin with all these price rises because you never know if it will be worth 20% more a few days later. Would Bitcoin survive if it was kept only as a rather rare store of value, like gold, or does it need to be used regularly like currency to retain it's pure to future buyers? It will be interesting to see.

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January 03, 2021, 05:56:12 AM
 #49

Tesla is super famous and it's progressing itself but the graph you made here will show how bitcoin is growing much faster than tesla. I like the graph you made here and according to what you made here and the ATH we saw during this cycle, we can wait for see 1 Tesla for less than a half bitcoin. Th crazy thing about tesla is it's growing externally over time but due to the bitcoin demand all over the world, one bitcoin getting more valuable than tesla.

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January 03, 2021, 06:11:56 AM
 #50

Like the 10,000 bitcoin pizza, nobody will want to spend any bitcoin with all these price rises because you never know if it will be worth 20% more a few days later.
Money value once objectified loses its importance over time. Same with pizza, cars and so on. That "rich life" motto might seem like a dream but the point is the intelligent trader does not waste time on that. You can very well buy a Lambo or a Tesla and hope for a big status symbol in your city. But truth is, most countries in the third tier dont have roads accommodating driving a sports car or a Tesla.

Eventually when the street dog pisses on your super rich car's side, you will get infuriated like anything but wont be able to do anything about it - sad truth of the world.

Is it not better to spend that money somewhere else and buy an medium class car that wont burn your entire wallet but still give your decent wheels to ride on?

Quote
Would Bitcoin survive if it was kept only as a rather rare store of value, like gold, or does it need to be used regularly like currency to retain it's pure to future buyers? It will be interesting to see.
No need to use it regularly if your local shopkeepers dont accept it - plain and simple.

R


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January 03, 2021, 06:50:18 AM
 #51

Great! I will wait Tesla to be 0.1 BTC, and I will buy it! Of course, I will have to spend an additional 0.01 BTC for papers and transport, but who cares! Smiley
It's very interesting for me to see the progress of Bitcoin on examples like this one! And can you imagine that rise from 10k BTC for pizza to 1 BTC Tesla car!? That's huge my people, and I think it will become even bigger than it is! Nothing seems impossible when you do so much in so short period of time, in the next 5 years we will see a big boom of crypto on the global stage, and I believe that next halving will push the prices even higher! It's still not too late to buy!

This is a good plan. I'm also going to wait, but I'm not going to buy a Tesla, but a more reasonable car (for example, a Mercedes S class or something like that).

But what I would like to see is a graph showing how many Teslas we need to buy one bitcoin.  Grin

I agree to buy a reasonable car rather than buy an expensive car that we don't really need. A car will be the transportation for us to give a short time to go to someplace, and if by having a reasonable car is enough, it is better to buy that car, so we don't have to spend much money. Many things will be more important for our lives than just to buy an expensive car. But if your purpose for buying the expensive car is because you want to show off to people how much your money, then I am sure you can do that.
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January 03, 2021, 01:28:58 PM
 #52

Does the Tesla price remain the same (in USD), and will it remain the same? Because otherwise it might be both Bitcoin going up and Tesla price going down, so they get to meet faster. I don't think I'll ever buy a car because I'm against them, but Tesla is better than most because at least it's environmentally friendly. I think 1 BTC for 1 Tesla in 2021 is a real possibility, given how good things seem to be going and how close it already is to reality. But another question is whether a person would actually be able to buy a Tesla paying directly with Bitcoin or will there remain a need to convert it into fiat.

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January 03, 2021, 02:54:04 PM
 #53

In any case, buying a car using cryptocurrency makes life much easier for a person. I have long been looking for any information about the possibility of buying a car using cryptocurrency in my country, since cashing out a large amount of cryptocurrency is associated with quite big difficulties. The infrastructure for cryptocurrency users needs to be expanded, and since environmentally friendly cars remain in trend today, for cryptocurrency users, buying with Bitcoin is only a plus.

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January 03, 2021, 06:01:37 PM
 #54

You know what elon mask announced now we are going to add bitcoin litecoin ethereum as a payment method tobbuy tesla product. Now just you think what will be happen in crypto currency market. I think it could be a biggest news for crypto currency market. Just after announced that only 1% of Tesla and SpaceX share holder comes to invest in bitcoin just how much price it can be reach. Though today bitcoin is already crossed $34k+. And if we see that people are buying tesla through bitcoin it will be party time news for crypto. But i think very soon we can buy luxurious house Through 1 bitcoin. Or we can buy most expensive tesla car by 0.1 btc very soon. Hope for the future.
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January 03, 2021, 06:39:39 PM
 #55

Does the Tesla price remain the same (in USD), and will it remain the same? Because otherwise it might be both Bitcoin going up and Tesla price going down, so they get to meet faster. I don't think I'll ever buy a car because I'm against them, but Tesla is better than most because at least it's environmentally friendly. I think 1 BTC for 1 Tesla in 2021 is a real possibility, given how good things seem to be going and how close it already is to reality. But another question is whether a person would actually be able to buy a Tesla paying directly with Bitcoin or will there remain a need to convert it into fiat.

Tesla isn't as good for the environment as you might think. Its batteries need to be replaced every few years and they cannot be recycled in full.
The process of making these cars isn't completely free of CO2. You can't produce a car without polluting the environment and is there such a huge difference between driving a CNG vehicle and an electric? It's cheaper to make a CNG car and electricity doesn't come from the environment. Most of it is made in coal or nuclear power plants. Also, teslas are way overpriced and full of bugs.

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January 03, 2021, 07:30:41 PM
 #56

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

And yet people do not get it, they see the price of bitcoin moving on the short term and they only think about the volatility of the market but they seem unable to think on the long term and how bitcoin goes only in one direction when you consider that time frame and that is up, while the dollar they love so much and any fiat currency only goes in one direction which is down, and if anything the speed at which fiat is moving in that direction is only bound to increase with time.

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January 03, 2021, 08:14:34 PM
 #57

In any case, buying a car using cryptocurrency makes life much easier for a person. I have long been looking for any information about the possibility of buying a car using cryptocurrency in my country, since cashing out a large amount of cryptocurrency is associated with quite big difficulties. The infrastructure for cryptocurrency users needs to be expanded, and since environmentally friendly cars remain in trend today, for cryptocurrency users, buying with Bitcoin is only a plus.
It seems like someone has done it before. but if it's Tesla, it will be quite big and positive news for the crypto community. moreover Elon Musk himself also likes bitcoin or crypto in his own way. So yeah, if this were to happen this would be great
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January 03, 2021, 08:58:59 PM
 #58

The development of the Bitcoin price is indeed very crazy, it can be seen from the comparison of the Tesla price with the Bitcoin price.
I am optimistic that in 2021 it only takes 1 BTC to buy a Tesla, therefore today many rich people realize investing in Bitcoin is much more
profitable than investing in banks or Gold. Therefore I will HODL the Bitcoin that I have for at least the next 10 years as a retirement plan.

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January 03, 2021, 09:37:00 PM
 #59

Quite interesting yet not surprising how a single bitcoin who wouldn't even be able to buy a box of pizza 15 years ago is now able to buy a Tesla 3, known for being a luxury car worth thousands of dollars. Old hodlers of the coin must be having fun with their millions now that bitcoin is reaching ever greater heights.
The development of the Bitcoin price is indeed very crazy, it can be seen from the comparison of the Tesla price with the Bitcoin price.
I am optimistic that in 2021 it only takes 1 BTC to buy a Tesla, therefore today many rich people realize investing in Bitcoin is much more
profitable than investing in banks or Gold. Therefore I will HODL the Bitcoin that I have for at least the next 10 years as a retirement plan.
There is a lapse of a few years for every ATH, so I don't think bitcoin will retain a 31k price all throughout ths period. A lot of people will cash out for instance which will significantly affect the value, not to mention price corrections coming in.

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January 04, 2021, 01:57:12 AM
 #60

damn tesla is getting cheaper and cheaper as bitcoin price sky rockets . most of the btc hodlers can soon own them self one ( a tesla car )

but i dont think most of them will buy a wheels because they either already have a wheel for transport and dont want a special type of car because that only adds to the expense they have but instead they can buy something with thier btc that is more worth it like a house and lot or buy materials to renovate and make their old houses look brilliant .
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