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Author Topic: Who's gonna buy Tesla using Bitcoin?  (Read 1324 times)
veznata
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March 26, 2021, 06:14:33 PM
 #61

at this moment I wouldn't do it. I believe price of BTC will grow further. buying Tesla for bitcoin now is the easiest and perfect option for those who live in a country with heavy crypto restriction. they may buy some cars and sell it in order to spend the money in their native country.
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March 26, 2021, 06:21:03 PM
 #62

If possible here in my place, why not? who even doesn't want a car, not unless you're from japan which owning a car is too much expensive.

But not for now, I can buy more needed things and investments instead of owning a tesla right now.
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March 26, 2021, 06:23:55 PM
 #63

I must be in the level of Musk and the likes of him for me to be able to have such huge amount of btc, and no, I won't be buying Tesla with my precious btc, that will be a huge amount of btc to let go for a car,
Lol, now am beginning to think spending btc on goods is not going to be that easy after all.

DarkDays
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March 26, 2021, 06:36:18 PM
 #64

You will only make Elon richer in the near future,so no not buying a liability Tesla. If you want to buy car use fiat and keep your BTC’s. Big companies are fomo’ing now, this is one of their strategy to gain more Bitcoin in exchange for the services or products that they produce.
Well those customers are trading in their bitcoin for a car. Is it  a fair trade? Embarrassed
So you can see where Tesla is going with this and accumulating as much bitcoin as they can for an exchange in a tangible object.
Accepting BTC as payment does not only eliminate the error in thinking that BCT is just a digital coin with no value but it shows the world, and those that can afford to buy a Tesla with BTC that there is a real market to expend crypto to accumulate real world assets.

In other words, it gives people the confidence they need to start considering BTC and crypto in general as something more than what some people label it as 'scam'. It is a great way to support BTC and get that competitive advantage... So it is a win-win fro both BTC and Tesla
Karunur
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March 26, 2021, 06:55:32 PM
 #65

I also love to buy Tesla using Bitcoin, before 2030 I think I can achieve it.  Smiley
mazdafunsun
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March 26, 2021, 08:17:33 PM
 #66

To allow btc payments for tesla cars is just pure genius, people who are invested in crypto with high degree of probability also like new tech which includes Tesla. Not to mention to cult around Elon Musk . I would love to see how much they will sell with crypto.

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March 26, 2021, 08:43:46 PM
 #67

Hopefully they are successful at taking some orders with btc.  Only legitimizes the currency more. 
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March 26, 2021, 08:48:20 PM
 #68

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes
Tricky question, but I think I would rather hold till bitcoin hits $100k+ before I will think of selling them off(if I had one, lol), cuz at $100k I would able to purchase about two tesla's, so instead of dumping now and running away with one tesla I would  hold and be patient enough till bitcoin hits that $100k then I will just just two tesla at once, I'm big fan of tesla though haven't seen any in country yet, it will be so cool to be one of the first to ride that baby.

BIT-BENDER
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March 26, 2021, 08:57:14 PM
 #69

Would you buy Tesla using your Bitcoin or you will wait to $100K?  Roll Eyes
First and foremost, enough with Tesla and bitcoin, I know rich men magnetize attention, that's why it's Tesla and bitcoin are so much correlated by many at this point, I think investing in bitcoin for purchase of property is orthodox, now is about ensuring you maintain a futuristic bitcoin wallet for as long as you draw breath, passing the passion also to the next generation.
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March 29, 2021, 10:48:15 AM
 #70

I believe that serious Bitcoin investors are not going to do it. If you spend fiat money on buying a Tesla, you are spending an asset that depreciates fast, on the other hand if you spend Bitcoin you are spending an asset that appreciates. Sure someone will end up buying one with Bitcoin but it's not a very smart decision. It is better to hold Bitcoin and exchange depreciating fiat.

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Cryptokobi (OP)
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March 29, 2021, 10:59:23 AM
 #71

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

I guess that's what makes it worth buying the Tesla when your investment in bitcoin already has its huge profit and then probably around a 100k$ meaning 1 bitcoin can buy Tesla.

Probably even great when the market price is going to drop after you make a purchase, I mean bitcoin is not yet ready for spending since the market price of bitcoin is just pumping and pumping over the years, so spending your bitcoin at this moment is not actually the best thing to do since you could just lose profit and giving it to Tesla, but I guess it just the same because you do not have the risk of investing in bitcoin anymore.

Still, it's a great thing to have or for Tesla to accept bitcoin, it could easily pump the market price in the market and also help for the bitcoin adaptation.
Why not? why using fiat and not Bitcoin?

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nebuch
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March 29, 2021, 12:25:18 PM
 #72

Buying Tesla with Bitcoin seems good for those who have 5Btc or more than 10BTC. I think it is not necessary to buy Tesla car if we aren't a big fan of Elon and the car. Much better to hold Bitcoin and wait until 100k than buy a car then after 5 years become cheaper than the day you bought. Bitcoin is a safer place where there's no car accident and unnecessary things that could damage the car by natural calamities.
Cryptokobi (OP)
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March 29, 2021, 01:16:17 PM
 #73

Buying Tesla with Bitcoin seems good for those who have 5Btc or more than 10BTC. I think it is not necessary to buy Tesla car if we aren't a big fan of Elon and the car. Much better to hold Bitcoin and wait until 100k than buy a car then after 5 years become cheaper than the day you bought. Bitcoin is a safer place where there's no car accident and unnecessary things that could damage the car by natural calamities.
What if it will not reach $100K?

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2double0
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March 29, 2021, 02:06:52 PM
 #74

A smart person knows the value of his investment and when an investment is in bitcoins, a smart investor will never give importance to materialistic things over btc as bitcoin has become a very mature investment for any investor for which nobody will give importance to buying Tesla but to wait longer ans gain more on their investments.
TedMosby
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March 29, 2021, 04:11:42 PM
 #75

I haven't read news regarding the first Tesla buyer who bought the car with Bitcoin yet.
I think Tesla did it for marketing purposes. But I do believe that Tesla really accepts Bitcoin as a payment method.
We already have "Lambo" things for a long time to represent wealth from cryptocurrency.
Tesla's move to accept Bitcoin could strengthen their brand image. "When Tesla" for now.
At least, now they have additional coverage for their market, which is cryptocurrency users.

Seems like Tesla licking Bitcoin, and vice versa  Grin You know the name of this position. lol
Expecto
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March 29, 2021, 05:07:17 PM
 #76

I think buying Tesla with Bitcoin is not very logical thing to do as long as you don't have a high amount of BTC. I would rather HODLing it than spending on a Tesla. And of course there will be some people who will prefer buying one. The reason behind it could be finding out how it makes one feel.  Grin

best123
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March 29, 2021, 05:20:35 PM
 #77

I will buy Tesla if I have  need for it. Keeping it to 100k will be awesome too. I will choose based on my scale of preference. The pronouncnment of buying Tesla through is very big boost to Bitcoin and cryptocurrency.
milani
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March 29, 2021, 06:27:28 PM
 #78

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 😄.



Yes, the prices varying in this diapason that you mentioned. And lots of people are able to buy at least the model 3 without using their BTCs. The only thing in case someone has no such amount in dollars but has Bitcoins, he will get the opportunity to buy a car. From this point of view it is suitable. But from another point of view, on what needs to spend Bitcoin, in this case it may be inappropriate.
Nikole Fischer
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March 29, 2021, 07:42:51 PM
 #79

I would wait until 100k and then count how many Teslas I can buy in Bitcoins.  Grin Grin Grin
Ibrahim60
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March 29, 2021, 08:44:01 PM
 #80

In the present time bitcoin is the most potential and good coin. Its price is now so much volatile. I also thought that bitcoin price will hit $100k in the end of this year. In my personal logic, tesla car which one i want to buy now if i buy this in the end of the year then its(car) price not gonna high. Its(car) price must be down some. On the other hand it is 80% sure that bitcoin price will increase more. So I am not buying now tesla car by my bitcoin. I will buy tesla car when bitcoin price will hit $100k or more. 

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