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Author Topic: Who's gonna buy Tesla using Bitcoin?  (Read 1322 times)
Cryptokobi (OP)
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April 04, 2021, 10:42:18 AM
 #141

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

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April 04, 2021, 11:49:55 AM
 #142

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

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So, if reselling Tesla with Bitcoin is simple, I'll probably buy Tesla with it if I have enough money. And what if I'm beginning to lose interest in this car and want a new one? I'll probably sell it, but I'd prefer to be paid also in cryptocurrency.

This is a fantastic opportunity to purchase these products using cryptocurrency to avoid paying taxes, and I'm sure you'll agree. However, in my country, there are few charging stations, and if there are, they are likely to be prohibitively costly. If your Tesla breaks down, you'll have to order parts from abroad, and only a few people know how to repair a new-gen vehicle such as Tesla.
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April 04, 2021, 11:58:32 AM
Last edit: April 04, 2021, 12:12:09 PM by virasog
 #143

The market has buyers and sellers. So I'm sure someone will pay for Tesla's car with Bitcoin. I think Bitcoin is just a means of payment. As far as I know, Americans have a habit of paying off an item in installments rather than buying it outright. If Tesla allows installment payments in Bitcoin, many people will choose this option.

Not many people use bitcoin so they may not use bitcoin as a form of payment to buy tesla. Also when we know that bitcoin is rising, it is better to wait for bitcoin to reach 100,000 - 150,000$ and then buy a Tesla car form bitcoin.

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April 04, 2021, 12:13:15 PM
 #144

I am not sure that the strategy of Tesla and Elon Musk personally includes the sale of the cheapest cars  Grin But it is irrelevant if Tesla maintains and strengthens its current market position, then after a while, when electric cars occupy a dominant niche in the market, we can expect to produce cars at even lower prices. Because at this point in time, Tesla's products are not so cheap, and even part of the price is covered by government subsidies, which, however, are slowly beginning to be canceled, as for example in the UK and not in every country a person can afford such a purchase.

When I am spending $35,000 or $45,000 to purchase a brand new car, I am at least expecting a vehicle that I can use for 10-15 years without major issues. But with Tesla, I need to replace the battery every 5 years or so, and it is going to cost me at least $10-15K. I understand that they have developed some batteries which can last much longer. But they are not allowed, since these batteries are prone to overheating and explosions. They need to improve their battery technology.
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April 04, 2021, 12:56:02 PM
 #145

People already know value of bitcoin due its rapid increase. I don't think people use btc to buy a car. it's better to use fiat currency than bitcoin. 

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April 04, 2021, 01:00:28 PM
 #146

Such news events as the sale of Tesla for Bitcoin greatly contribute to the popularization of cryptocurrencies. Unfortunately, most people are still distrustful and biased towards cryptocurrencies and such news shows that large corporations trust these assets, which means that ordinary people can also be trusted.
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April 05, 2021, 09:24:14 AM
 #147

No way I am going to buy a depreciating asset with my bitcoins.

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April 05, 2021, 09:48:07 AM
 #148

People already know value of bitcoin due its rapid increase. I don't think people use btc to buy a car. it's better to use fiat currency than bitcoin. 
same thing really to pay whether using bitcoin or fiat but it's true that people would think twice when buying car with bitcoin unless they got some bitcoin left as an investment they not gonna buy tesla using bitcoin which they was used for investment.
I personally not gonna buy anything like tesla until I got rich and the cost of buying tesla feels like buying peanut to me, the price of car usually go down in no time anyway.

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April 05, 2021, 10:07:07 AM
 #149

I am not sure that the strategy of Tesla and Elon Musk personally includes the sale of the cheapest cars  Grin But it is irrelevant if Tesla maintains and strengthens its current market position, then after a while, when electric cars occupy a dominant niche in the market, we can expect to produce cars at even lower prices. Because at this point in time, Tesla's products are not so cheap, and even part of the price is covered by government subsidies, which, however, are slowly beginning to be canceled, as for example in the UK and not in every country a person can afford such a purchase.

When I am spending $35,000 or $45,000 to purchase a brand new car, I am at least expecting a vehicle that I can use for 10-15 years without major issues. But with Tesla, I need to replace the battery every 5 years or so, and it is going to cost me at least $10-15K. I understand that they have developed some batteries which can last much longer. But they are not allowed, since these batteries are prone to overheating and explosions. They need to improve their battery technology.

Value for your money is very important, that's a good attitude before you spend any amount from your savings, Bitcoin
is a good asset and we never know how high it can go from here.

If ever you decide to buy Tesla make sure that you already maximized the value of your holdings as you can really enjoy
the profits from your initial investment buying anything you like.

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April 05, 2021, 10:42:53 AM
 #150

When I am spending $35,000 or $45,000 to purchase a brand new car, I am at least expecting a vehicle that I can use for 10-15 years without major issues. But with Tesla, I need to replace the battery every 5 years or so, and it is going to cost me at least $10-15K. I understand that they have developed some batteries which can last much longer. But they are not allowed, since these batteries are prone to overheating and explosions. They need to improve their battery technology.

Car manufactures does not produce cars right now that will run for 10-15 years without major issues. You say you dont want to replace Teslas battery every 5 years and spend $10k+. Ok then, buy a diesel or petrol car and change oil/oil filter/microfilter/fuel filter every 10-15k kilometers. As well as pay for fuel more. How much will your every service visit cost? 300-500 USD 2-3 times per year. Compared with Teslas electric engine, there are so many moving parts in regular engine that might die. I think you havent thought about these facts at all.

At least name 1 brand new car that will run for 10-15 years, which I will use daily and all I have to do is to change oil and filters.

R


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April 05, 2021, 09:47:06 PM
 #151

I don't think anyone would be interested in spending their Bitcoin to buy a Tesla car. Elon Musk himself has stated that he will not spend the Bitcoin earned through the sale of Tesla cars, he said that TESLA will hold that Bitcoins for the long term. I don't think anyone would agree to lose their Bitcoin in such a bullish market. Bitcoin prices will skyrocket soon, and 100k is very reasonable within the end of this year.

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April 05, 2021, 10:23:50 PM
 #152

I don't think anyone would be interested in spending their Bitcoin to buy a Tesla car. Elon Musk himself has stated that he will not spend the Bitcoin earned through the sale of Tesla cars, he said that TESLA will hold that Bitcoins for the long term. I don't think anyone would agree to lose their Bitcoin in such a bullish market. Bitcoin prices will skyrocket soon, and 100k is very reasonable within the end of this year.
Maybe someone holding a large number of Bitcoins might show interest buying a Tesla with Bitcoin. As in the post, Elon Musk is clear about the Bitcoin holding. The bitcoins that are got through the Tesla sales will never be converted to fiat. Those are long term holdings, and this act will give more confidence and positive note on Bitcoin for users who fear about using cryptocurrencies.

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April 06, 2021, 05:50:35 PM
 #153

I don't think anyone would be interested in spending their Bitcoin to buy a Tesla car. Elon Musk himself has stated that he will not spend the Bitcoin earned through the sale of Tesla cars, he said that TESLA will hold that Bitcoins for the long term. I don't think anyone would agree to lose their Bitcoin in such a bullish market. Bitcoin prices will skyrocket soon, and 100k is very reasonable within the end of this year.

I think the price of $ 100,000 for Bitcoin is far from the limit. It is quite possible that soon we will see prices an order of magnitude higher.
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April 06, 2021, 05:55:32 PM
 #154

Even if I wanted to, can't afford to buy one. Hoping that I'll be able to increase my portfolio holdings and take advantage of the current situation in the market especially the altcoins. I just hope the this bullish will continue and able to overcome the resistance before the correction hits.

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April 06, 2021, 07:13:50 PM
 #155

The market has buyers and sellers. So I'm sure someone will pay for Tesla's car with Bitcoin. I think Bitcoin is just a means of payment. As far as I know, Americans have a habit of paying off an item in installments rather than buying it outright. If Tesla allows installment payments in Bitcoin, many people will choose this option.
I think the chances of this happening are very low, as we know the price of bitcoin can move very rapidly and depending on how much bitcoin you have you could end up buying a Tesla at a certain price and then the price of bitcoin begins to go down and you could end up with a debt that you cannot pay, I prefer the current model, let the people that actually have the money to buy a Tesla with bitcoin, to me this is a very smart movement because it could come to replace Lamborghinis as the preferred car to buy to signal your bitcoin wealth.

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April 06, 2021, 07:28:03 PM
 #156

I planned to have a car of my own because it will be very nice but I will still hold but like you said when it reached $100k I can change my scale of preference then but for now, holding is the key.

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April 06, 2021, 09:20:57 PM
 #157


I am not sure that the strategy of Tesla and Elon Musk.

Well, the strategy is to sell an asset that will eventually depreciate in value and accept payment that could appreciate in value in the future. It's a win-win situation for Elon as Bitcoin continues to soar higher price.
Not everyone would risk to spend their Bitcoin to buy an expensive car, but I believe there are a few individuals who are willing to do it.  Just like that man who bought $103,000 Tesla car in 2013 using Bitcoin.

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April 08, 2021, 07:56:14 PM
 #158

In the future, I hope to buy a Tesla car with my bitcoins,
However, I have a few bitcoins Now, I'm waiting for bitcoin to reach high prices and then I hope to buy Tesla with bitcoin.  Smiley
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April 11, 2021, 06:44:16 PM
 #159


I am not sure that the strategy of Tesla and Elon Musk.

Well, the strategy is to sell an asset that will eventually depreciate in value and accept payment that could appreciate in value in the future. It's a win-win situation for Elon as Bitcoin continues to soar higher price.
Not everyone would risk to spend their Bitcoin to buy an expensive car, but I believe there are a few individuals who are willing to do it.  Just like that man who bought $103,000 Tesla car in 2013 using Bitcoin.
The strategy is extremely obvious, not only that he has claimed that he is not going to sell for fiat the bitcoin that he gets, maybe Tesla as a company is going to keep buying bitcoin but it seems that now they are concentrated in trying to get all the bitcoin that they can by selling cars and it is not a bad strategy at all as it should be very obvious now that if you buy a Tesla right now you're going to pay more of it with bitcoin than what you will do in just a few years.

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April 11, 2021, 07:09:43 PM
 #160

Even if I wanted to, can't afford to buy one. Hoping that I'll be able to increase my portfolio holdings and take advantage of the current situation in the market especially the altcoins. I just hope the this bullish will continue and able to overcome the resistance before the correction hits.
Don't be scare about tomorrow becasue the business of bubbles are still much pretty available for those who keep into bitcoin promise. You might look down on yourself but greater is the little bitcoin you will hodl soon and Tesla won't be a big challenge for your to own. In my opinion, our country still have alot of challenges in it charging and with this am not going into the market to check the price of Tesla car but will do that in future.
Better hold bitcoin and buy Tesla with your cash money, this bad way if you want to but car with bitcoin because bitcoin price always potential grow up one or two year later, but cash money is worth to buy every thing. Just they way when have company accepted bitcoin never purchase your bitcoin to buy everything, hold and keep your bitcoin investment safety until really back to higher price.
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