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Author Topic: Who's gonna buy Tesla using Bitcoin?  (Read 1324 times)
Cryptokobi (OP)
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March 24, 2021, 10:06:31 AM
Last edit: May 01, 2021, 12:54:18 PM by Cryptokobi
 #1

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

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March 24, 2021, 10:08:10 AM
 #2

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

Both  Grin, i'll wait untill it reaches 100k, then buy a new car Wink
That being said, i'm a fan of Toyota, so i might have to wait untill they accept BTC payments...

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March 24, 2021, 10:21:06 AM
 #3

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
Cryptokobi (OP)
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March 24, 2021, 10:25:05 AM
Last edit: March 25, 2021, 11:20:32 PM by mprep
 #4

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
Good Idea



Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
When Toyota will receive BTC the price can be $1M...

[moderator's note: consecutive posts merged]

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March 24, 2021, 10:27:51 AM
 #5

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
Don't have to do that because Tesla said that the bitcoin purchase isn't going to be converted into fiat which means that the Tesla cars that are going to be sold in that manner has a fixed bitcoin price but I do agree that waiting for the 100k USD is a bit of an attractive thing to not spend my bitcoin but if I were to have the bitcoin and the opportunity to buy a Tesla car, I think that I will be buying it.

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March 24, 2021, 10:40:30 AM
 #6

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
When Toyota will receive BTC the price can be $1M...


Likely Tesla is going to own Toyota.
(unless Toyota performs a solid state battery technology miracle magic)

Right you cannot even sell a used Prius. Gotta pay someone to haul it away.
Remember, Freemont used to be a Toyota factory.
Cryptokobi (OP)
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March 24, 2021, 10:46:48 AM
 #7

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I don't think so.
I'll use my BTC to borrow the $.
Borrow twice the amount needed. Half for the Tesla, half to buy some more BTC.

6 months the BTC will double or more.

You just got a Tesla for free!
When Toyota will receive BTC the price can be $1M...


Likely Tesla is going to own Toyota.
(unless Toyota performs a solid state battery technology miracle magic)

Right you cannot even sell a used Prius. Gotta pay someone to haul it away.
Remember, Freemont used to be a Toyota factory.
Tesla can buy Toyota only if it will be for sell... I don't see it happening in the next 10 years

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March 24, 2021, 10:48:43 AM
 #8

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

I do wish a Tesla, but I may have to wait for more. Maybe 10x higher pricing for Bitcoin for two reasons:
1. I don't have too much Bitcoin and I want to spend it better than "just a car"
2. My country doesn't have good enough charging infrastructure to actually make sense buy an electric car. Meanwhile I also hope that better batteries will be invented and built.

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March 24, 2021, 11:07:33 AM
 #9

Well, I also noticed about elon musk recent tweet. I am not going to buy tesla with bitcoin. I am holding a amount of btc. But, that's not enough to buy a tesla. Embarrassed
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March 24, 2021, 11:15:00 AM
 #10

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

Just a sequence is needed here! Wait for bitcoin to reach 100k and then buy a Tesla maybe! Lol!

Actually, car is a depreciating investment. Even though car has now become a necessity but still a car will depreciate its value over a period of time. So I would definitely like to go for a real estate investment rather than a car! For me a small hatchback is enough instead of a swanky Tesla!

But anyway, that's my way of thinking for sure!

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March 24, 2021, 11:27:58 AM
 #11

No doubt Tesla is ruling the electronic vehicle market and sales have increased in the past.Now Elon Musk announcement of Tesla accepting btc payments have surged the btc prices above by 3% and many will be willing to do so but I am not on that list because I have my own reasons for which I am not spending my Bitcoins for just purchase of Tesla.Here are some of my reasons.

List of Tesla cars and their prices 2021:

 MODEL:                     BASE PRICE:

1)Tesla Model 3.        $38,690
2)Tesla Model S.        $81,190
3)Tesla Model X.        $91,190
4)Tesla Model Y.         $41,190
5)Tesla Roadster.       $200,000   

So this is base price for some of the Tesla models and taking into consideration the depreciation effect there is average depreciation of 10-15% in EV industry so it can roughly be estimate that after 5-6 years the value of Tesla model will be less than half what you have spend.

Bitcoin prices are now at $56k and are recovering once again to cross $60k mark (which this news will surely take it to that) and they will be surging at high levels.In coming 5-6 years Bitcoins you are holding will be approximately 7-8 times more than your base investment or holdings.Suppose the Bitcoin prices reach $100k next year which will be double from $50k in 2021 then you could surely buy Tesla with that because you will be having both your Bitcoins and Tesla also if you are willing to have it.

Musk is very sharp minded and he is also accepting this payment because he knows value of Dollar has been depreciated over time and its no fun in getting USD rather he would ask for btc payments which will surely boost the companies profit with increase in prices and he will be holding btc supply as well.So be smart and save your coins for the future.

Quote
He might be asking for btc payments to Mars two way trip and colonization so save for it 😄.


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March 24, 2021, 11:35:09 AM
 #12

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes
^ If I am not in hurry I will.
But I will prefer to choose HODL than spending using to buy a new car, once I saw my profit was doubled that is the time I will buy a new car but not Tesla.
Ferrari is my dream car. When they will accept BTC?
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March 24, 2021, 12:49:09 PM
 #13

No, I don't want to buy Tesla using bitcoin. I prefer to buy a house than a car, and even if I want to buy a car, I will buy an economical car that I can use in the city, even if I have many bitcoins. Buying a house and rent it will give me additional income, which can help me to increase my money amount Grin

If you buy a luxury car, you need to think about the registrations, the fee every year, and the spare parts if the car needs a change or damage. Even if you have a lot of money, that will need some allocation to take care of that cars. But that will be up to you because every people will have their own plan.

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Cryptokobi (OP)
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March 24, 2021, 12:57:55 PM
 #14

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes
^ If I am not in hurry I will.
But I will prefer to choose HODL than spending using to buy a new car, once I saw my profit was doubled that is the time I will buy a new car but not Tesla.
Ferrari is my dream car. When they will accept BTC?
In 2027 maybe Smiley

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March 24, 2021, 01:10:26 PM
 #15

Everything is actually marketing, it achieves its goal of capturing interest in some people to think about buying a car with bitcoin, unless you have plenty of it is not really the best investment destination.

In any case, if there is something that is depreciated in value after being acquired, it is a car, not counting maintenance expenses.

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March 24, 2021, 01:14:19 PM
 #16

To be honest, if I have enough Bitcoin to Buy Tesla then most likely would attempt to buy one. Doesn't matter the current price. Because I thought is, use bitcoin for life. Who knows that I will alive until Bitcoin reaches $100K? We don't know exactly when it would happen. I am sure a few millionaires will buy Tesla with Bitcoin since there is an opportunity. A big company that accepts Bitcoin like Tesla is a great adaption for Bitcoin. That's how some other big companies would attempt to accept Bitcoin for payment.

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March 24, 2021, 01:39:30 PM
 #17

If I find value in the Tesla, I don't mind sacrificing my BTC for it.
It makes sense to me spending my money on things I need to feel and touch that is the value I derive from stacking up my bitcoin. It is still considerable If I have enough BTC I will definitely spend few of them on Tesla.
Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes

Both  Grin, i'll wait untill it reaches 100k, then buy a new car Wink
That being said, i'm a fan of Toyota, so i might have to wait untill they accept BTC payments...
Lol, has there been any news of recent linking Toyota to cryptocurrency? There has to be a foundation for a roof to be placed. I would love to see this as well.


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pinggoki
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March 24, 2021, 01:56:52 PM
 #18

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes
Due to that Tesla is now accepting bitcoin as a method of payment through their customers meaning a lot of people or probably potential customer will try to buy this Tesla products through the used of bitcoin, but if you were going to ask me if I will be use my bitcoin in order to buy Tesla then probably know because there's a big chance that the bitcoin will surge again the price so it would be better if we will not use it for now to buy products and just use it as an investment for now.

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molsewid
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March 24, 2021, 02:15:25 PM
 #19


Just a sequence is needed here! Wait for bitcoin to reach 100k and then buy a Tesla maybe! Lol!

Actually, car is a depreciating investment. Even though car has now become a necessity but still a car will depreciate its value over a period of time. So I would definitely like to go for a real estate investment rather than a car! For me a small hatchback is enough instead of a swanky Tesla!

But anyway, that's my way of thinking for sure!
A practical decision despite of the good offer that Tesla was giving to everyone. The mere fact that you can have a chance to buy a Tesla car with the use of bitcoin without converting it into fiat was already a good service but to think of a Tesla car was also expensive i will also wait for a bitcoin to have a worth of $100k each. And also, a car is depreciating in it's value so does it mean that bitcoin is more valuable than Tesla car, i think i'll think of it harder.
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March 24, 2021, 02:21:19 PM
 #20

Hi there Cryptokobi, just found that tweet by Elon at https://twitter.com/elonmusk then immediately I have been amazed at how bitcoin could be used to buy an innovative car of tesla. This could be the reason why tesla bought a lot of bitcoin a couple of months ago. However, he iterates that bitcoin received as a payment for a tesla car will remain a bitcoin. This shows that Tesla has a very storing confidence that someday the bitcoin price will skyrocket to the moon. The next probable post is "Do you want to visit the Moon or Mars? you could do that with just a couple of bitcoin" LOL.
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