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Author Topic: Want to Buy a Tesla With Bitcoin? It Ain’t Easy  (Read 5601 times)

Offline Trumpet

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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #15 on: March 28, 2021, 10:42:23 AM »
@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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #15 on: March 28, 2021, 10:42:23 AM »

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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #16 on: March 28, 2021, 10:47:54 AM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #17 on: March 28, 2021, 01:25:38 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #18 on: March 29, 2021, 12:37:43 AM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #19 on: March 29, 2021, 01:41:43 AM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #20 on: March 29, 2021, 10:44:48 AM »
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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Offline ice18

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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #21 on: March 29, 2021, 11:18:49 AM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #21 on: March 29, 2021, 11:18:49 AM »


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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #22 on: March 29, 2021, 11:46:02 AM »
@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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Offline mlawson71

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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #23 on: March 29, 2021, 02:04:44 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #24 on: March 29, 2021, 02:07:39 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #25 on: March 29, 2021, 02:41:03 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #26 on: March 29, 2021, 03:35:16 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #27 on: March 29, 2021, 08:18:01 PM »
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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Offline pealr12

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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #28 on: March 29, 2021, 10:28:11 PM »
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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Re: Want to Buy a Tesla With Bitcoin? It Ain’t Easy
« Reply #29 on: March 29, 2021, 10:48:33 PM »
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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