Tesla now accepts Bitcoin

[livingfree]

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.

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[MCobian]

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.

[Renampun]

...

*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

[Ridwan Fauzi]

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.

[tippytoes]

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.

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.

[Shasha80]

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.

[Barry Mantle]

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.

[OcTradism]

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.

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.

[Kocret02]

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

[LogitechMouse]

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 . Anyway, lets just be ready in whatever may happen towards the crypto market .

[AniviaBtc]

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.

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.

[MoneyJ]

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.

[Trinx01]

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.

[rhomelmabini]

Looks like the Tesla effect 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.

[StartupAnalyst]

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.

[BaeSuzy]

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.

[big kid]

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?

[Golftech]

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.

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.

[isaac_clarke22]

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?
Who knows?

[Asuspawer09]

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.