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Author Topic: Who's gonna buy Tesla using Bitcoin?  (Read 1322 times)
Antonio_d1ego
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March 30, 2021, 08:40:52 PM
 #101

how will this purchase be tracked? if you pay not by card or in cash, how do they arrange everything
Oasisman
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March 30, 2021, 09:57:57 PM
 #102

how will this purchase be tracked? if you pay not by card or in cash, how do they arrange everything

Good question.
Well, the transaction will be recorded in the blockchain when you transfer your Btc to another address. So, that will serve as your proof of purchase. And of course it will be processed from a specific crypto payment processor before completing the signing of papers.
I'm not expert and haven't tried anything like this, but pretty sure these are some basic steps.
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March 30, 2021, 10:14:45 PM
 #103

I guess my answer would be both, I’d buy Tesla if Bitcoin reaches to a $100k. And that is if I own a lot of Bitcoin too, my priorities would be my daughter to graduate college first then I’d probably save more even if Bitcoin reaches to a $100k.
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March 30, 2021, 10:24:36 PM
 #104

how will this purchase be tracked? if you pay not by card or in cash, how do they arrange everything

Good question.
Well, the transaction will be recorded in the blockchain when you transfer your Btc to another address. So, that will serve as your proof of purchase. And of course it will be processed from a specific crypto payment processor before completing the signing of papers.
I'm not expert and haven't tried anything like this, but pretty sure these are some basic steps.
That's right, whenever we make a purchase we get the billing details. When we make a purchase with bitcoin, the transaction details along with the purchaser name gets added. Another thing it is clearly said by Elon Musk, those Bitcoins used by people on purchase won't be moved to fiat. It'll be stored in a separate vault. Therefore not much of transactions were involved. Checking a single transaction id itself everything can be connected with the purchaser.

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March 30, 2021, 10:27:12 PM
 #105

Of course if my Bitcoin is enough to buy Tesla, I will immediately use it to buy Tesla. There is no need to wait for Bitcoin to reach $ 100k first,
but the problem is that the amount of Bitcoin I have is not enough to buy Tesla. So for the time being my Tesla purchase will be postponed,
and it will be on my wish list. Hopefully I can collect Bitcoin so I can buy Tesla, even though if look at my current financial condition it seems
impossible. But as long as we have strong desires, there is usually a way to make our wishes come true.

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March 30, 2021, 11:42:27 PM
 #106

how will this purchase be tracked? if you pay not by card or in cash, how do they arrange everything

Good question.
Well, the transaction will be recorded in the blockchain when you transfer your Btc to another address. So, that will serve as your proof of purchase. And of course it will be processed from a specific crypto payment processor before completing the signing of papers.
I'm not expert and haven't tried anything like this, but pretty sure these are some basic steps.
That's right, whenever we make a purchase we get the billing details. When we make a purchase with bitcoin, the transaction details along with the purchaser name gets added. Another thing it is clearly said by Elon Musk, those Bitcoins used by people on purchase won't be moved to fiat. It'll be stored in a separate vault. Therefore not much of transactions were involved. Checking a single transaction id itself everything can be connected with the purchaser.
If the buyer doesn't want his main wallet to be connected to the transaction, It would be a smart move to use third-party services like a bitcoin mixer so that the transaction can't be detected and can preserve the owner's identity. In real-life, Doing paperwork and putting up legitimate information is inevitable so the only thing you can put into private is between the wallet address and you.

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March 31, 2021, 10:31:36 AM
 #107

Elon says Tesla would keep the coin, not sell it. Implying coins are worth more than money. So using coins to buy the car, you're doing a bad deal.

A car is the ideal thing to buy with credit, as long as you have a stable revenue to pay it off that is. Otherwise, you shouldn't be buying an expensive car anyway !

With the latest cut in price, leasing a Tesla Model 3 SR+ went from more than 600€/month to 299€/month, so even that is now an option, although still a bit too steep for me.
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March 31, 2021, 05:11:19 PM
 #108

If I had the opportunity to buy a Tesla using Cryptocurrencies, I would gladly grab it. I always thought of it as something useful since I would not have to think about its value and any current moment because paying with something volatile can be good for me in a number of ways. The Car that I have bought would not depreciate within a year or two so as long as its usable and already paid in whole in Bitcoin, that car is mine. If Bitcoin's value increases or even decreases, I already paid what I needed to accumulate so paying with Crypto can really be great.

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March 31, 2021, 08:07:22 PM
 #109

If I had the opportunity to buy a Tesla using Cryptocurrencies, I would gladly grab it. I always thought of it as something useful since I would not have to think about its value and any current moment because paying with something volatile can be good for me in a number of ways. The Car that I have bought would not depreciate within a year or two so as long as its usable and already paid in whole in Bitcoin, that car is mine. If Bitcoin's value increases or even decreases, I already paid what I needed to accumulate so paying with Crypto can really be great.

So instead of holding something that appreciates in value you'd rather buy an expensive car that quickly depreciates and has an expensive battery that needs to be replaced at your cost every few years?
 
The logic of this is beyond me Cheesy

You also believe that your tesla would not depreciate in the first 2 years which is pretty amazing Cheesy Every car depreciates in value and they lose the most in the first 2 years! Usually about 20%
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March 31, 2021, 09:56:06 PM
 #110

If I had the opportunity to buy a Tesla using Cryptocurrencies, I would gladly grab it. I always thought of it as something useful since I would not have to think about its value and any current moment because paying with something volatile can be good for me in a number of ways. The Car that I have bought would not depreciate within a year or two so as long as its usable and already paid in whole in Bitcoin, that car is mine. If Bitcoin's value increases or even decreases, I already paid what I needed to accumulate so paying with Crypto can really be great.

So instead of holding something that appreciates in value you'd rather buy an expensive car that quickly depreciates and has an expensive battery that needs to be replaced at your cost every few years?
 
The logic of this is beyond me Cheesy

You also believe that your tesla would not depreciate in the first 2 years which is pretty amazing Cheesy Every car depreciates in value and they lose the most in the first 2 years! Usually about 20%
There are car brands which do depreciates more than the other but when it comes to investment or something then this isnt something worthy to be discussed on because we are talking
another things on here and car purchases arent included on that one.Its just a part of our daily live needs and  wants but when it comes to investment and using up their Bitcoin
then thats the time i would say that it wont really be worth.If we do know the possibility of bitcoins price increase in the future or simply talks about store of value
then we wont really be considering on spending up those coins but rather spending our fiat directly without affecting your bitcoin holding.
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March 31, 2021, 10:21:50 PM
 #111

Not me obviously, I've held a my share of bitcoins but that isn't enough to probably buy me a Tesla, even their cheapest ones. So what I'm going to do is to hold these earning, probably DCA them as soon as price dumps to make sure they are alive and kicking, and when the time comes where I can afford such vehicle, I'd still not buy it because I know there are other ways I can spend these earnings that will guarantee me profits. A car that luxurious is just another liability, and besides, long as I can go to point a to b and my car is not a busted piece of scrap metal I don't care.
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March 31, 2021, 11:45:21 PM
 #112

This depends on if I need a car, or maybe another car. If I had the BTC  and needed the car, I'd buy the car. However, trust that you will feel maybe sad if after buying the car and then boom, Bitcoin doubles up in price. You'd imagine how you could have either owned two Tesla cars or own one and still have a good sum of money left.



 

 

 

 

 

 


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March 31, 2021, 11:53:15 PM
 #113

Anyone who owns enough Bitcoin to buy a Tesla then no doubt, I'm sure they will buy it and unfortunately I don't own it. Regarding about $100k I'm sure everyone is waiting for that moment, but it looks like the milestone will take a little longer and I'm not sure it will happen this year. So yes, everyone naturally wants both but unfortunately, not everyone has the opportunity to have them. Sad

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April 01, 2021, 09:39:01 AM
 #114

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

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Everything is good, but in my country there is no infrastructure for electric semi-cars. Gladly, but not now because it doesn't make sense.
Buying for BTC is a very good option ...
What country is it?

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April 01, 2021, 10:12:44 AM
 #115

Yes, bitcoin is cash, not  asset to hold,
Yes maybe i bought tesla Smiley
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April 01, 2021, 11:12:50 AM
 #116

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

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Well all I could do now is wait for the price to go higher even if I  wanted to buy a new car I couldn't afford it.
But if I could and I really want then why wouldn't I do it after all I earn that money might as well enjoy it just make sure that you have enough money for your family too.

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April 01, 2021, 03:16:04 PM
 #117

Buying a Tesla with bitcoin will most likely be a great sales gimmick, to generate attention around Tesla.
But I think only a few people will use the paying methods, as most people who hold enough bitcoins to buy a Tesla, understand that the real value of bitcoins is much higher than the dollar price bitcoins has right now.
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April 01, 2021, 03:35:26 PM
 #118

For me myself, i will just keep my bitcoin instead of buying tesla. First, i'm not a fan of car, like, i don't really care about newest car, new technology in car etc. Of course i know electric car is great, and better for the environment. However, instead of asset, i think car is an expense. The cost to maintain it, the cost to charge that electric car, and another unexpected cost that might happen, which of course is not cheap at all.
But, bitcoin in other hand will or might keep increasing if we hold it, a bigger profit for me. However, i think for some people, buying tesla using bitcoin might look cooler for them, and great for flexing as well lol.

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concept2
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April 01, 2021, 03:49:32 PM
Last edit: April 02, 2021, 08:49:00 AM by concept2
 #119

If I had enough money, I would spend my bitcoin to buy Tesla Model in order to show my respect and support to both bitcoin and Tesla. They have fought very well this year and the previous year.  Roll Eyes
 
In fact, I doubt that there are many who just intentionally want to use bitcoin to buy anything, even a Tesla Model. Using bitcoin right now is considered silly, thoughtless since the price of bitcoin continue rising without having any trouble from the bear market. According to a variety of sources ,experts anticipate that bitcoin has a good chance to surpass its current peak (which is $60000) and head to the new ATH.

This year is such a gift to bitcoin enthusiasts and the cryptocurrency. People are paying their attention on all kind of digital assets, and it seems that NFTs are in their favor now. Remember to take a small profit which equivalent to your initial deposit. In fact, many people have bought new house, new cars with the money they make from cryptocurrency.  Tongue
geegaw
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April 01, 2021, 04:17:28 PM
 #120

For me myself, i will just keep my bitcoin instead of buying tesla. First, i'm not a fan of car, like, i don't really care about newest car, new technology in car etc. Of course i know electric car is great, and better for the environment. However, instead of asset, i think car is an expense. The cost to maintain it, the cost to charge that electric car, and another unexpected cost that might happen, which of course is not cheap at all.
But, bitcoin in other hand will or might keep increasing if we hold it, a bigger profit for me. However, i think for some people, buying tesla using bitcoin might look cooler for them, and great for flexing as well lol.
Most people will vote for holding, instead of exchanging Bitcoin for a Tesla electric car because car technology will evolve very rapidly every year, the Tesla electric car will gradually decrease in value in the following years, even when we sell it, our capital is not recovered too much, wasting money in such a way is not good. While on the opposite side, although bitcoin may also decline, overall the yearly trend is still a slight increase, as long as we have enough time with it, bitcoin will always promise to create the profit is quite good

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