Tesla now accepts Bitcoin

[NeuroticFish]

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 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

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[boyptc]

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?

[DarkDays]

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.

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...

[ven7net]

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.

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.

[worle1bm]

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.

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.

[Innerpumper]

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.

[taufik123]

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.

[pinggoki]

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.

[wxxyrqa]

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.

[(o)(o)ilikeboobs(o)(o)]

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.

[Kocret02]

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

[masterzino]

...
He also says that they will not convert the BTC to fiat.

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?

[Expecto]

...
He also says that they will not convert the BTC to fiat.

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

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.

[k@suy]

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...

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.

[mk4]

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

As I predicted, Elon Musk looks like it will make bitcoin a payment tool for Tesla.

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.

[Reosta_]

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.

[milani]

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.

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.

[abel1337]

From when Lambo to when tesla  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.

[adzino]

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.

-snip-

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.

[trigger1975]

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 …