Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Tanimariya on March 26, 2021, 01:31:45 PM
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
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@Tanimariya of course, Tesla has no plans to convert the Bitcoins it gets from selling its cars into fiat, I don't know if they've said it before or not, but I already assumed they weren't going to convert it to fiat. Tesla knows exactly what it is doing, first with the huge investment they made several weeks ago and now accepting Bitcoin as a payment method. It is about accumulating all possible Bitcoins as soon as possible and hold them until the price exceeds X amount.
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Although such as this easy to use Cryptocurrency to buy Tesla, It may not apply in my country. Because Crypto is not legal as a means of payment and is not money. So, this kind of thing still cannot be applied. However for the countries if possible, it will be much easier isn't it? But, ow can they assume with the market changing?
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@Tanimariya of course, Tesla has no plans to convert the Bitcoins it gets from selling its cars into fiat, I don't know if they've said it before or not, but I already assumed they weren't going to convert it to fiat. Tesla knows exactly what it is doing, first with the huge investment they made several weeks ago and now accepting Bitcoin as a payment method. It is about accumulating all possible Bitcoins as soon as possible and hold them until the price exceeds X amount.
I d rather expect Tesla and musk having long since been "covertly" in BTC since his first big business was PayPal thus naturally at first sight / news of such asset he would :jump on to the train" and tesla Acceptance of BTC is just acceptance of another payment method boosting their sales keep also in mind that tesla gpu cards are good for mining crypto too
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A long time ago, however, the Telsa company invested about one and a half million bitcoins. If Telsa has different types of cars and different types of things in their company, if they accept bitcoin transactions, then maybe the bitcoin price will improve more. Telsar is for such a huge investment but the price of Bitcoin has improved so much.
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@Tanimariya of course, Tesla has no plans to convert the Bitcoins it gets from selling its cars into fiat, I don't know if they've said it before or not, but I already assumed they weren't going to convert it to fiat. Tesla knows exactly what it is doing, first with the huge investment they made several weeks ago and now accepting Bitcoin as a payment method. It is about accumulating all possible Bitcoins as soon as possible and hold them until the price exceeds X amount.
Exactly, still now they have no intention to convert their Bitcoin to fiat. Few weeks ago, they have invested huge amount of $ in purchasing Bitcoin, i can remember they are now almost 60% gainers after their investment. Few days ago, they finally announced that from now they will accept payment with Bitcoin for purchase Tesla. They are trying to accumulate more % of Bitcoin for future as it's supply is limited.
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I think this news will further raise the price of Bitcoin and Tesla, since this person is very popular and it seems to me that he is on the right track and is doing everything right.
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Smart move, not surprised they won't sell to fiat (yet). Their business is highly competitive, each company looking for an edge. Acquiring Bitcoin, plus allocating $1.5B from their balance sheet, is an edge
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Anyway, now that I think about it, I see no problems buying a Tesla with cryptocurrencies, not just Bitcoin, for years there have been several companies that sell them, and not only Tesla, but many different brands. In some cases they are used cars but in good condition, and sometimes they are totally new, and the companies that I say send all over the world, so I don't see a problem in this regard. That is why I do not see problems or restrictions if someone wants to pay for a Tesla with cryptocurrencies.
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If it were me, I wouldn't buy Tesla Cars with bitcoin. I would buy the fixed fee with whatever it was. 4 years ago I bought a car with btc exchange myself and at that time the price of the vehicle was 3 btc (of course the price of btc was 5-6 thousand dollars) I think now and I regret it unavoidably. I wish I hadn't bought a car but I would have stopped btc in my hand. I do not want to buy a vehicle with btc in order not to experience this regret.
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@hasyurt that is the eternal dilemma, or one of them. Is it time to buy something with my Bitcoins or will it go up a lot in price in a few days?. We have all asked ourselves that question, but if I have learned something it is that we cannot always be doubting and waiting, we also have to live life and enjoy what we can. But I completely understand what you said.
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Elon Musk is the biggest supporter of Bitcoin at the moment. I saw a news a few days ago that he has bought a lot of Bitcoin and a few days ago he tweeted on his Twitter page Bitcoin will be able to buy cars of his world famous company. He is really supporting Bitcoin in a very good way.
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Elon Musk is the biggest supporter of Bitcoin at the moment. I saw a news a few days ago that he has bought a lot of Bitcoin and a few days ago he tweeted on his Twitter page Bitcoin will be able to buy cars of his world famous company. He is really supporting Bitcoin in a very good way.
We know that the price of the currency that Elon Musk supports rises overnight.You said that Elon Musk currently fully supports Bitcoin and tweeted about Bitcoin on his Twitter page.So it goes without saying that the price of Bitcoin may soon exceed 70,000$ The price of Bitcoin has been rising very fast lately.
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Elon Musk and his company Tesla are trying to accumulate as much bitcoin as possible in different ways . On Twitter, Elon Musk has driven the price of bitcoin to unprecedented heights with his statements about bitcoin support, and I am sure that he has a certain plan to get the maximum profit from investing and selling cars for bitcoins.
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How can I buy a tesla car because I have no bitcoin and my country bitcoin strictly prohibited. But tesla car with bitcoin is very difficult to me . But it's a easy methods of american people where tesla model car available and bitcoin also available.
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@Tanimariya of course, Tesla has no plans to convert the Bitcoins it gets from selling its cars into fiat, I don't know if they've said it before or not, but I already assumed they weren't going to convert it to fiat. Tesla knows exactly what it is doing, first with the huge investment they made several weeks ago and now accepting Bitcoin as a payment method. It is about accumulating all possible Bitcoins as soon as possible and hold them until the price exceeds X amount.
Your word is a very logical word. But I think I saw this kind of news a few days ago. The way it was written in that news is how many of his cars can be used now with bitcoin.I think he is going to increase the spread of transactions through Bitcoin in this way.
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Exactly @Trumpet, but Tesla has not only made Bitcoin and cryptocurrencies in general known to many millions more people. Their plans are not to sell the Bitcoins they earn from selling cars. Tesla's plans are to accumulate as many Bitcoins as possible, perhaps to be the corporation that has the most, and perhaps in the future to be able to compete with some whales.
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Exactly @Trumpet, but Tesla has not only made Bitcoin and cryptocurrencies in general known to many millions more people. Their plans are not to sell the Bitcoins they earn from selling cars. Tesla's plans are to accumulate as many Bitcoins as possible, perhaps to be the corporation that has the most, and perhaps in the future to be able to compete with some whales.
I completely agree with your opinion. the fact is that Tesla will have enough fiat funds that they will receive for selling cars for all sorts of costs associated with car production and taxation, and Bitcoin can be safely stored until the time when it can rise to $ 1,000,000. ;)
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Yeah, Teslareceie payment using Bitcoin. ANd I am still confused about the calculation using the Bitcoin itself. It may be converted to their recent rate or with the rate itself by Tesla. However, this has been a good mass adoption of Bitcoin to be on of the payment methods
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On this field I doubt there will be any special treatment they will hire a third party provider like there are not enough of them. More and more business startups are opening up as payment processors Hashbon which is launching soon is an Example
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Yeah, Teslareceie payment using Bitcoin. ANd I am still confused about the calculation using the Bitcoin itself. It may be converted to their recent rate or with the rate itself by Tesla. However, this has been a good mass adoption of Bitcoin to be on of the payment methods
I assume that the price will be the one that Bitcoin has in the market at that moment. If Tesla adds special fees or some kind of commission, I think it could backfire for them. The simplest thing for the buyer and seller in this case is to use the market value of Bitcoin to make payments, otherwise the prices would rise too high.
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Elon who is the CEO of Tesla is the one who drive btc price to its current value and its only the beginning most companies will also follow Tesla once they got clear regulation about bitcoin this year. I wonder how many companies wanting today to purchase btc all over the world.
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@ice18 there are many companies waiting. In my country there are 2 who have publicly said that they want to buy Bitcoin, but since there is no clear legislation (yet) on this, they cannot buy. The smart thing in the European Union is to make the same legislation for all member countries, but something tells me that unfortunately they will not do it, since each country as always has its own interests.
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This is the first time a big company has done something of that sort, the mechanism will probably be simplified over time.
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Tesla is not showing any plan to convert their crypto into fiat and they are seeming positive about crypto. They are taking it as a investment in the crypto market.
But even if i want to buy a tesla car woth crypto ot will not be possible for memas ot is not legal to use crypto in our country.
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Tesla is not showing any plan to convert their crypto into fiat and they are seeming positive about crypto. They are taking it as a investment in the crypto market.
But even if i want to buy a tesla car woth crypto ot will not be possible for memas ot is not legal to use crypto in our country.
I believe that this problem can be solved only through personal communication with a legal and official distributor, to whom you directly pay for the purchase of a car with bitcoins, and they will deliver the car to your home.
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This is the first time a big company has done something of that sort, the mechanism will probably be simplified over time.
Yes, as a big company, Tesla has thought of good things for the advancement of cryptocurrency, Tesla is very enthusiastic about the members of the crypto community, I don't know much about the Tesla company, but I am sure they will collect some Bitcoin and will not just sell it, in the future. we will see Bitcoin can be accepted anywhere as payment
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I believe that this problem can be solved only through personal communication with a legal and official distributor, to whom you directly pay for the purchase of a car with bitcoins, and they will deliver the car to your home.
do you believe that Tesla even though him have bought a lot of bitcoins and will practically accept payments with bitcoin, not necessarily. because it is not easy to set up a payment device with bitcoin for a certain value because it requires authorization which might actually complicate payments, compared to what has been done so far with normal transactions.
I feel sure that there will be preparations before going there and it is not easy to do so quickly.
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Tesla cost a fortune from my point of view, although I like the idea of being able to buy Tesla with btc however I don't think I will be able to do that, that's a huge amount of btc that will be put in to buy 1 Tesla.
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Tesla cost a fortune from my point of view, although I like the idea of being able to buy Tesla with btc however I don't think I will be able to do that, that's a huge amount of btc that will be put in to buy 1 Tesla.
Tesla is a very expensive electric car, and I think only certain people can afford it. However, we cannot deny that because of the CEO of Elon Musk, the price of some Crypto Coins can go up, including the price of this Bitcoin.
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Tesla is a very expensive electric car, and I think only certain people can afford it.
Now, with Bitcoin, everyone can try their luck to collect Bitcoin and hold it for several years. Who knows, then Bitcoin is enough to buy a Tesla car. Elon Musk really gives a chance for all people to buy his car. Especially, Bitcoin user or crypto user, they now have a chance to buy a Tesla car with their assets.
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I believe that Bitcoin still has huge upside potential while the value of Tesla cars will decrease over time. Right now is not the time for us to use Bitcoin to buy Tesla, now is the time to sell Tesla and invest in Bitcoin ^^
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Tesla as an entrepreneur and a businessman with a high semce of humor in business and business forecasting (from my own view) he has this idea that the price of bitcoin will go very high in the future, and having not join the system earlier before now, he wants to use all he can to accumulate as much bitcoin as he can before the price goes X. The view of bitcoin in the long run will make him more profits than ever, so he wants to posses as much as possible, so he won't be left behind before that time comes.
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I believe that Bitcoin still has huge upside potential while the value of Tesla cars will decrease over time. Right now is not the time for us to use Bitcoin to buy Tesla, now is the time to sell Tesla and invest in Bitcoin ^^
Me too, I think bitcoin is more potential and profitable than Tesla. I personally prefer invest in bitcoin than to buy Tesla with bitcoin. Bitcoin value will increase but Tesla car will decrease. That's my opinion.
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I believe that Bitcoin still has huge upside potential while the value of Tesla cars will decrease over time. Right now is not the time for us to use Bitcoin to buy Tesla, now is the time to sell Tesla and invest in Bitcoin ^^
You might be right, Tesla now has some challenging competitors that might reduce its dominance on the market. However, if you already own a Tesla, I would say enjoy it :D
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
My own and so I think it's what they're doing to get cryptocurrency they're doing to get the price of the electric car in cryptocurrency I think it could fall under some kind of trickery. Besides, I think Tesla is a very sharp and wise man. He has a lot of knowledge about crypt in his head.
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Although this announcement is good for the overall growth of btc but the actual implementation of this can only be carried out by the rich and wealthy people in the world, I can never dream of this, lol, it is not for hustling guys like me :D
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It has been implemented or Elon Musk is still interested to use this?
if the customers can pay Tesla with Bitcoin, how is the mechanism? It will fix to rate or use the fix Bitcoin amount?
Maybe there must be clear einfmration about this.
However, the plan of this Bitcoin implementation is goodenough
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Elon Musk has a special contribution behind the growth of Bitcoin. It was then found that the Telsa company he owns has given Bitcoin acceptance in terms of transactions. When Elon Musk invested in Bitcoin in this way, it was seen that there are other rich people who also support Bitcoin.
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I'm not entirely sure why Tesla hasn't officially said anything, but I imagine a conversion of the USD price to Bitcoin will be done to buy the cars. At least that would be the most logical thing to do, but I suppose we will have to wait for official news and I hope there are not too many fees involved.
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No matter whether you can only buy a Tesla car with Bitcoin or just the information that you could do it, there are huge advantages for those who invested in Bitcoin.
It would be best to only have the option of only being able to buy it in bitcoins and at some point you will be able to buy 2 or 3 Tesla's for one Bitcoin. 8)
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yeah of course it will not be easy. We must consider the rate. Moreover, we must also consider where we live. because some countries may ban bitcoin that is used as a currency or payment transaction. This happens in my country whether Bitcoin is not a currency so if we use it for transaction methods and as a currency, as money, it is forbidden.
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The Telsa company has supported Bitcoin and whether the electronic vehicles they have invented can be purchased through Bitcoin. Elon Musk has really made it different from all the other cars in his company. Telsa has been seen supporting Bitcoin but the price of Bitcoin has increased a lot. It is seen that those who work in cryptocurrency must be able to buy a car from it with a little currency transaction.
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
You are right that cryptocurrency is being researched all over the world nowadays and cryptocurrency is being used as a very well known and trusted method of money transfer. People are more attracted to the cryptocurrency that Tesla cryptocurrency invests in Bitcoin. The way cryptocurrencies are growing all over the world, it can be said without any doubt that very soon cryptocurrency will act as a daily necessity of human daily life.
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Bitcoin has a tendency to rise again even after waiting extra in the market with the current maximum wavelength. This is because various large investors and companies approve bitcoin. So Bitcoin has been calling for investment in the bitcoin currency since Tesla approved it. At the same time, he has gained confidence in every event.
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Bitcoin is just a cryptocurrency, it doesn't really have its own speaker to call for investments in it. Various private companies and individuals have though.
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It's just beginning that you can buy Tesla with Bitcoin. Bitcoin is now spreading it's field in dimension and it's here a start. In the near future, we can buy more things with Bitcoin. When an organization like Tesla comes forward to accept Bitcoin, other organizations will also think to consider it later that will be a milestone for crypto.
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Bitcoin has a tendency to rise again even after waiting extra in the market with the current maximum wavelength. This is because various large investors and companies approve bitcoinThe way cryptocurrencies are growing all over the world, it can be said without any doubt that very soon cryptocurrency will act as a daily necessity of human daily life.
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A few days ago I saw a tweet from Tesla Elon Musk. There were two that anyone could easily buy his company's cars with Bitcoin.I think he has become fully involved in the commercial use of Bitcoin. Because he is giving the advantage of buying his car that anyone can easily buy his car through bitcoin.
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We know that tesla is one of the most popular company in the world.elon musk is the founder of tesla.we know that tesla car is very expensive, Because it's product is very high level to another company. otherwise bitcoin is one of the most popular coin in cryptocurrency world.So if we try to earn it lot of, i hope it will possible.
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A few days ago I saw a tweet from Tesla Elon Musk. There were two that anyone could easily buy his company's cars with Bitcoin.I think he has become fully involved in the commercial use of Bitcoin. Because he is giving the advantage of buying his car that anyone can easily buy his car through bitcoin.
Actually not everyone can buy Tesla with Bitcoin. This option is available only for US customers/citizens/in USA.
As a European, I can not buy Tesla with bitcoin in its official dealership. I can not go to US tesla.com and order car there.
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It's just beginning that you can buy Tesla with Bitcoin. Bitcoin is now spreading it's field in dimension and it's here a start. In the near future, we can buy more things with Bitcoin.So Bitcoin has been calling for investment in the bitcoin currency since Tesla approved it. At the same time, he has gained confidence in every event.
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@bitbit97 those are Tesla's internal policies, but they don't matter much. There are several sites on the net that are dedicated solely and exclusively to the sale of cars and that only accept payments with crypto, not only with Bitcoin. And yes, it is also possible to buy a Tesla (among many other brands) and they ship anywhere in the world in about 30 days. So I think that while Tesla doesn't make things easy, it's not a problem either.
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Bitcoin is now spreading it's field in dimension and it's here a start. In the near future, we can buy more things with Bitcoin. it doesn't really have its own speaker to call for investments in it. Various private companies and individuals have though.
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Bitcoin is really very flexible because Elon Musk understands the future of Bitcoin very well and it is certain that this will be very valuable in the next year.
Big companies like Tesla buy Bitcoin at a very high price and certainly at a very high price now, but in the next year Bitcoin price will definitely be expensive again and that is definitely felt.
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A few days ago I saw a tweet from Tesla Elon Musk.Because he is giving the advantage of buying his car that anyone can easily buy his car through bitcoin.
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Bitcoin is now spreading it's field in dimension and it's here a start. In the near future, we can buy more things with Bitcoin. So I think that while Tesla doesn't make things easy, it's not a problem either.
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A few days ago I saw a tweet from Tesla Elon Musk.Because he is giving the advantage of buying his car that anyone can easily buy his car through bitcoin.
I think It is a good thing for bitcoin and altcoins. Crypto currency already more popular now, because many famous person have supported and invested in bitcoin..Elon musk accept bitcoin for Tesla payment. That's good.
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It is my dream that i have a Tesla car. And it is possible if i hold Bitcoin from 1 year. But unfortunately i am not a lucky person.
But the early holders of Bitcoin are now Billionaires. It is possible to buy a tesla car with Bitcoin because tesla is accepting Bitcoin as a payment method.
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It is my dream that i have a Tesla car. And it is possible if i hold Bitcoin from 1 year. But unfortunately i am not a lucky person.
But the early holders of Bitcoin are now Billionaires. It is possible to buy a tesla car with Bitcoin because tesla is accepting Bitcoin as a payment method.
don't focus on Bitcoin alone. there are a lot of interesting projects on the cryptocurrency market that can make you a rich person and then you can afford tesla. The fact is that you need to be very careful and constantly monitor the trend of the cryptocurrency market.
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Crypto currency already more popular now, because many famous person have supported and invested in bitcoin.I saw a tweet from Tesla Elon Musk.Because he is giving the advantage of buying his car that anyone can easily buy his car through bitcoin.
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Bitcoin is now spreading it's field in dimension and it's here a start. In the near future, we can buy more things with Bitcoin. So I think that while Tesla doesn't make things easy, it's not a problem either.Big companies like Tesla buy Bitcoin at a very high price and certainly at a very high price now, but in the next year Bitcoin price will definitely be expensive again and that is definitely felt.
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I think Elon Musk, owner of the world famous car manufacturer Tesla, has contributed a lot to the change in Bitcoin.Because Bitcoin's market has changed a lot since he took over. Because he is currently investing heavily in the bitcoin platform. And I saw a tweet from him that day that if anyone wants to buy his car he can buy his cars via Bitcoin. It's a lot bigger than I think for Bitcoin.
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
Yes, I have read it. Elon musk announced you can buy Tesla with bitcoin. But US government don't agree with this. I think It will be problem if the government don't accept crypto currency for payment methods. Maybe at the coming year, It will happen.
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Elon musk's tesla car already exchanged by bitcoin which already made bitcoin more acceptance and popularity. Most of the car company already decided to allow bitcoin as their business systems. But our country don't allow cryptocurrencies as buying products and services.
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It should come as no surprise that the US government makes it difficult to buy Tesla cars with Bitcoin, the government would stop receiving money in taxes, so maybe they should create new taxes. But it is not really a problem either, people can buy cars (of all brands) with Bitcoin and many other cryptocurrencies on many Internet sites, there is no complication.
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Bitcoin is now really liked by Elon Musk because indeed he really loves DOGE coins, every tweet on social media always provides writing or pictures about DOGE.
It seems that Elon Musk is very impressed with DOGE and Bitcoin, the proof is that his TESLA car company accepts payments using Bitcoin when someone buys a TELSA car.
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That is actually the best strategy for Elon and Tesla to get profit from manufacturing cars and at the same time shill Bitcoin and Doge for a much more profit from cryptocurrency that was actually a very clever way of marketing.
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I believe that everyone should draw conclusions from this statement, because it would be stupid if Tesla starts converting Bitcoin into fiat funds, as well as the stupidity of cryptocurrency users who will spend Bitcoin at the present time to buy a car. The fact is that Bitcoin has much more value than it is today, and everyone who spends it today will lose a lot.
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Many people are currently buying Bitcoin from Tesla Elon Musk. But I think buying Bitcoin from Tesla is not an easy task. Anyone can buy Bitcoin from Tesla if they want to. There are a few steps to go to buy Bitcoin from here. As this brother discussed through this post. I thank you on behalf of everyone for making such a beautiful informative post.For those who are interested in buying Bitcoin from Tesla but do not know how to buy it, I think they will definitely benefit if they read your post.
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Elon Musk is a smart person and has many ways to make what he manages to get a big profit. Elon Musk also invests heavily in BTC, Maybe with the announcement Elon Musk wants big investors to enter this investment. Thus, it will indirectly increase the price of BTC, and will also increase the productivity of the Tesla car company. But I believe buying Tesla with BTC will remain difficult, because the price of BTC is constantly changing, there will definitely be many changes in the calculation later here.
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Elon Musk is a smart person and has many ways to make what he manages to get a big profit. Elon Musk also invests heavily in BTC, Maybe with the announcement Elon Musk wants big investors to enter this investment. Thus, it will indirectly increase the price of BTC, and will also increase the productivity of the Tesla car company. But I believe buying Tesla with BTC will remain difficult, because the price of BTC is constantly changing, there will definitely be many changes in the calculation later here.
As far as I know, the one who has invested in Bitcoin has been Tesla, not Elon Musk, unless he did so later in a personal capacity. And yes, Elon Musk is a smart guy, nobody can doubt it, but no matter how smart he is, he will have to comply with the laws like all companies in the United States, and bureaucracy will come into play at that time.
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
Yes, I have read it. Elon musk announced you can buy Tesla with bitcoin. But US government don't agree with this. I think It will be problem if the government don't accept crypto currency for payment methods. Maybe at the coming year, It will happen.
Many news channels are now reporting that Tesla has refused to accept Bitcoin as payment for its electric vehicles. Here, the reason can be both the attitude of the US government and its tax authorities to the process of settlements with bitcoins, and doubts about the further price growth of bitcoin itself.
We see that further Bitcoin price growth has slowed down, while ethereum and other promising altcoins are growing very quickly. At the same time, the dominance of bitcoin has already dropped to 41.5 percent. After some time we will be able to assess these events, now we can only observe them.
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The other reason might be, that people are not interested to buy Tesla exactly with Bitcoin and prefer to hold, probably.
We all know that after the car leaved manufacturer gates, it instantly receives a "used" status and looses 10-20% of its value. Imagine you buy 1 tesla for 1 Bitcoin that cost, for example $60. The next day Bitcoin price goes up and already cost $62k, but you have an asset that cost $60k-10%=$54k only. That is a huge loss. That is I think buying Tesla with Bitcoin was not a popular choice of payment.
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Well, I guess with Elon's recent tweet about Bitcoin, there is no buying of a Tesla with Bitcoin even if some wanted to. Why would anyone even want to buy a Tesla with Bitcoin?
The other reason might be, that people are not interested to buy Tesla exactly with Bitcoin and prefer to hold, probably.
We all know that after the car leaved manufacturer gates, it instantly receives a "used" status and looses 10-20% of its value. Imagine you buy 1 tesla for 1 Bitcoin that cost, for example $60. The next day Bitcoin price goes up and already cost $62k, but you have an asset that cost $60k-10%=$54k only. That is a huge loss. That is I think buying Tesla with Bitcoin was not a popular choice of payment.
As you mentioned, it wouldn't make any sense to lose profits on something that will lose value immediately you buy it, and now that he has even worsened the case with his new tweet about not accepting bitcoin, then no need for further discussion.
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The man changes his opinions the way others change their socks, and he plays with the market like it's his personal toy, without a second thought about all the little people caught up in it. It's not a good look.
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The man changes his opinions the way others change their socks, and he plays with the market like it's his personal toy, without a second thought about all the little people caught up in it. It's not a good look.
That for Elon Musk all this is nothing more than a game and he thinks that Doge and Bitcoin are his toys is something that I have been saying for weeks. And the problem and the worst of all this are the people who have invested without practically knowing what they were doing. I'd like to know what those who bought Doge during their last ATH think now, I hope they can at least recover the investment.
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Elon Must has stopped buying Tesla with Bitcoin and declared to accept Dogecoin instead of Bitcoin. That's why the recent correction with panic among the crypto users.
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I see that the attitude towards Elon Musk after his last statement that Tesla is stopping selling its electric cars for bitcoins has changed dramatically on this forum. If earlier he was characterized as an intelligent person who popularizes cryptocurrency, now it is almost only negative to speak about him, and even he is credited with cooperation with the SEC and governments.
I can't say what caused him to change his mind about bitcoin, apparently, this is the result of some kind of external influence on him.
Nothing, this kind of news has a temporary effect and the market should bounce back soon.
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TESLA is very open to Bitcoin and Elon Musk is very open to DOGE Coin. And for the Bitcoin Pump and Dump problem, it is indeed very easy to plan for a famous person like Elon Musk.
I think in the future Bitcoin and DOGE will be paired with TESLA car payments because Bitcoin and DOGE are so loved by Elon Musk.
And i think maybe Ferrari,Bugati and other super car will accept Bitcoin and Doge for it purchases .
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In the past days Elon announced that tesla will not accepting bitcoin and then he tweeted "Do you want Tesla to accept Doge?". Seems Elon is trying to manipulate the price but hey there's no problem if tesla accepts Doge because doge is a money, it would be cool if he accepted it to buy cars.
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In the past days Elon announced that tesla will not accepting bitcoin and then he tweeted "Do you want Tesla to accept Doge?". Seems Elon is trying to manipulate the price but hey there's no problem if tesla accepts Doge because doge is a money, it would be cool if he accepted it to buy cars.
There are several sites on the net where we can buy cars, including Tesla, with many cryptocurrencies. If you use Google you only have to search for "buy Tesla with cryptocurrencies", you will see that there are many options, that if, you have to bear in mind that not all of them are legit, of which I have seen in several years there are 2 that are totally legit.
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Sounds complicated as of now because tesla doesn't like Bitcoin for their car. For me if I have 5 Bitcoin I will not buy Tesla. Much better to buy another brand that are not so much advance. The police will catch Tesla car drivers along the way. But why? Because Tesla car is so advance that you can even sleep while your car is running heading to the inputted destination. The police may charge reckless driving.
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Currently there are many changes in the cryptocurrency market. Bitcoin prices have dropped a lot. Bitcoin prices are expected to rise again. But I think at the moment the price of Bitcoin will go down and the investment will increase the most. Because when the price of bitcoin goes down, all the rich people in the world start buying bitcoin. The company Tesla is currently suspending Bitcoin. So there have been some changes in the cryptocurrency market. I think the future is long and beautiful for the community.
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Now its impossible to buy Tesla with Bitcoin as Elon takes a U-turn from his statement and saying Tesla will accept Bitcoin for Tesla cars. So for now interested buyers can not buy Tesla. Let's see if Elon changes his mind again in the future but the main concern is the mass adoption of BTC if the adoption will increase might be he will reconsider again accepting BTC for Tesla.
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Elon Musk no longer accepts Bitcoin for payment for the purchase of a Tesla electric car. Even the announcement on its Suspended BTC for Tesla made the Bitcoin price dump. I hope there is more good news from Tesla for Bitcoin, so it will definitely have a positive impact on Bitcoin.
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Currently the price of Bitcoin has come down a lot and with it the price of all coins has been steadily declining. Elon Musk supported it by buying Tesla with Bitcoin. However, he has now suspended the announcement due to which the price of Bitcoin has come down a lot. However, we are hopeful that the price of Bitcoin will pump again in the future.
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I don't know about that. What reason will it have to rally that much again?
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Elon Musk supported it by buying Tesla with Bitcoin.
What?? Elon Musk buying Tesla with BTC? I never heard the issue. ;D
I only heard that Elon Musk announced Tesla accepted BTC, which means we can buy Tesla with our BTC. But it was several weeks ago, Tesla doesn't accept Bitcoin anymore. People suspect that Elon Musk and Tesla were playing with crypto users at that time, he was probably trying to pump the price of Bitcoin.
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The final decision is that Tesla doesn't accept anymore the payment with Bitcoin. This decision is really surprising only happening in several months.ANd this is what makes people panic sell because Tesla doesn't accept BTC and this really gives high influence. many people will think that Tesla will only take profits and then sell all BTC
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The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
Tesla is not making it attractive to pay for a model S, 3, X or Y in BTC.
This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems – as the manufacturer has no plans to convert the cryptocurrency to fiat.
More
(https://www.coindesk.com/tesla-bitcoin-payment)
Elon musk has refused it. He said not accept bitcoin for Tesla payment.
We don't until when, but I think Elon will accept bitcoin and crypto for Tesla payment at the coming future.
Bitcoin is good payment method, maybe for now, too many been rejected by companies and countries.
But I believe It will be accepted at the coming future.
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I think they invested in bitcoin and dogi coins without understanding Tesla's plan, they are now slapping their foreheads. Elon Musk announced the suspension of cryptocurrency adoption in contrast to his acquisition of the coveted bitcoin. And he also said he would never buy or sell his acquired bitcoin. Since then, the market has been down, which is currently continuing. This is of course part of his game with cryptocurrency. However, all investors will want to restore the market.
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When I see what Elon Musk is doing in the market, I will never buy Tesla with either bitcoin or cash. The man is interested in space and technology, yes, but he manipulated the crypto money market a lot. It didn't suit him at all. If the market seems to improve a little, he will say doge doge and continue the manipulation. I hope he doesn't. Because it hurts him too.
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When I see what Elon Musk is doing in the market, I will never buy Tesla with either bitcoin or cash. The man is interested in space and technology, yes, but he manipulated the crypto money market a lot. It didn't suit him at all. If the market seems to improve a little, he will say doge doge and continue the manipulation. I hope he doesn't. Because it hurts him too.
There are much better cars than Tesla, with better features and even at lower prices. When people become obsessed with Tesla, it reminds me of everyone who buys an iPhone just because of the logo. They may believe that having these things makes them part of a social elite that would never accept them. It is incredible to see how some brands know how to attract masses.
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I don't have enough funds, so i don't want to buy Tesla. Rather i would like to buy a normal Car if the market goes up and soars like couple of weeks ago. :)
Recently, Elon Musk declared that from now they won't consider payment of Tesla buying with Bitcoin. He is focusing on a Meme coin. He has less knowledge about Bitcoin and its mining. BTW, Bitcoin will bounce back without the help of Elon no doubt but can take time.
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I don't have enough funds, so i don't want to buy Tesla.
Don't you have much money got from STC reward, mate?
I think it is more than enough to buy more than 1 Tesla sports car. ;D
He is focusing on a Meme coin.
I don't think a person like Elon Musk will focus on investing or trading a Meme coin. What he does now, is to focus on spreading FUDs about Bitcoin. He wants people to feel afraid about their Bitcoin future. Then, he can take advantage once people sell all their Bitcoin to the market. :D