Buying a Tesla with Bitcoin | Bitcointalksearch.org

South Park

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Quote from: Vishnu.Reang on January 04, 2021, 05:13:03 AM

Quote from: shoreno on January 03, 2021, 08:57:12 PM

damn tesla is getting cheaper and cheaper as bitcoin price sky rockets . most of the btc hodlers can soon own them self one ( a tesla car )

How many Bitcoiners own more than 1 BTC? Rpietila once calculated that around 350,000 do so. The link can be found below:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

The calculation is around 6 years old and I strongly suspect that the numbers might have fallen further over the years. Even if we take the same figure, it means that only 0.005% of the world's population own more than 1 BTC.

That number is definitely going down, many retail investors that bought their bitcoin when it was cheap are getting profits so high that it is almost impossible for them to resist the temptation to sell especially now that the pandemic has left so many people without their jobs and institutional investors are taking advantage of this by using their deep pockets to buy any coins that hits the market, and I think that at some point we will have to stop asking how many people are holding 1 BTC and instead ask how many are holding 0.1 BTC as the price keeps increasing.

hahay

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It seems easy to own a lot of bitcoins and of course those are successful people and in fact, when the bullrun occurs of course there will be lots of new billionaires. Therefore, those who have the desire to buy a car, house and or other things they can get from or from the increase in bitcoin and it cannot be denied because nowadays even those who don't even have 1btc, I think they can still own Tesla. at least less than 1btc and that's amazing because even in this 24h bitcoin price is already trading at $40,180.37 and maybe it will rally again.

finaleshot2016

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Since the current price of bitcoin right now is $40k then I think the price of Tesla right now would be 0.825 BTC.
As the price of BTC goes up, of course, Tesla will become less expensive for those who invested and tripled their money.

And besides, It's no big deal anymore if someone buys Tesla because many of the Youtubers are already getting it in just an instant. Elon is getting rich day by day.

Also, if you bought a car with bitcoin, after many years it'll only depreciate.

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Buying a Tesla with bitcoin is no more a big deal. Years back itself expensive cars were bought with bitcoin. I don't remember the guy, he bought a home and with the excess amount left due to the unexpected price increase he bought a Lamborghini.

fahmimajannat

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It's very good for future. If people gradually starts depending on btc buying goods it will be very good for future world. Not even tesla if people can buy their daily necessary products it will make peoples life more easier than before.
So It's very promising and futuristic.

bryant.coleman

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That is correct buying a car could either be a good investment or not. If you own a business or you use cars to go from one place to another for business purposes it could be a good investment. But buying one just to show-off and for fun or collection is not a wise move. My business professor at university used to tell us if you want to invest in cars make sure that you are buying one for business purposes, there are a lot of expenses in owning a car such as maintenance, gas, toll fees, etc. and if you are not using it to earn, the don't buy it.

Purchasing an automobile can never be an investment, unless you are purchasing antique pre-WW2 items. There is no luxury/sports car out there, which will not get depreciated as time progresses. And since that is the case, going by the default definition we can't classify them as any sort of investment. And BTW, having a Tesla is now like a status symbol. Forget about the investment. If you want to show off, then go for it.

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Quote from: ?? on ??

Quote from: el kaka22 on December 23, 2020, 11:10:49 AM

-snipped-

That is correct buying a car could either be a good investment or not. If you own a business or you use cars to go from one place to another for business purposes it could be a good investment. But buying one just to show-off and for fun or collection is not a wise move. My business professor at university used to tell us if you want to invest in cars make sure that you are buying one for business purposes, there are a lot of expenses in owning a car such as maintenance, gas, toll fees, etc. and if you are not using it to earn, the don't buy it.

Unfortunately the rental car services suddenly made even buying a car for business not really a smart move. After all you check having just one car and using that and you check rentals and check that and costs would be getting closer.

Now if you are a regular person who goes to work and comes home, like a 9-5 worker, you should try to find a way to use public transportation (well not in covid period lol) because that would be a lot cheaper, but let's assume that you bought a car so you can go to work and come home, and you could go around, basically just to make your life easier, sure that is not a good "investment" but also buying a ps5 is not an investment, buying netflix subscription is not investment, some things in life are not investment.

Yet if you are a business, and for your sales people and technical service on spot people etc etc, you need about 10 cars? Instead of buying them, renting them could be cheaper, between all the costs of cars, having 10 cars would be too much capital stuck with cars, while still paying a lot constantly to keep them running, whereas renting is none of that.

Dhoe

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But still not make any investor look crazy with bitcoin price, they still safety saving money in the bank and look not interested how increase price by bitcoin year by year, from the first at 2018 we need 8.5 BTC to buy Tesla but now just take 1 btc we can buy Tesla, so why crazy increasing bitcoin price not give impact for many investor and company wanna hold bitcoin and saving assets in cryptocurrency, what happen with them look dislike with bitcoin as best digital currency.

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Is purchasing a luxury car using Bitcoin a very good idea right now? All of us know that there is a very good chance that the Bitcoin prices may jump by a lot during 2021-22. If you spend all of your coin holdings for such luxury items, then you may regret after a couple of years. For cars, the net worth depreciates with time, which is exactly opposite to the case we have with Bitcoin.

Kong Hey Pakboy

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Quote from: doomistake on January 04, 2021, 11:05:04 AM

Mass adaptation of Bitcoin will happen if we are going to spend our Bitcoin on smaller businesses that accepts Bitcoin as a payment, like online stores, grocery stores, supermarkets, etc... Buying a tesla would just make Elon Musk much richer but a good advertisement as well since he also promotes Bitcoin, but my opinion is that we must help the most needy first to achieve the cashless society that we all want.

Indeed. Inviting and encouraging small businesses to buy and accept bitcoin and other cryptocurrencies as a payment method would definitely help bitcoin's mass adoption, instead of purchasing a tesla that will not benefit most bitcoin users. This will help every country become a cashless society that would also be useful during the pandemic of COVID-19 to avoid any physical contact.

doomistake

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Mass adaptation of Bitcoin will happen if we are going to spend our Bitcoin on smaller businesses that accepts Bitcoin as a payment, like online stores, grocery stores, supermarkets, etc... Buying a tesla would just make Elon Musk much richer but a good advertisement as well since he also promotes Bitcoin, but my opinion is that we must help the most needy first to achieve the cashless society that we all want.

fullhdpixel

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Quote from: Vishnu.Reang on January 04, 2021, 05:13:03 AM

Quote from: shoreno on January 03, 2021, 08:57:12 PM

damn tesla is getting cheaper and cheaper as bitcoin price sky rockets . most of the btc hodlers can soon own them self one ( a tesla car )

How many Bitcoiners own more than 1 BTC? Rpietila once calculated that around 350,000 do so. The link can be found below:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

The calculation is around 6 years old and I strongly suspect that the numbers might have fallen further over the years. Even if we take the same figure, it means that only 0.005% of the world's population own more than 1 BTC.

It is not about how many bitcoins do you have, it is more about how bitcoin became more and more expensive the longer we go, and that is why we are talking about tesla vs bitcoin pricing, tesla is not a bad car, you could have always bought some old used Hyundai car loooong ago, you can find cars under 5 thousand dollars if they are used enough.

However we are talking about one of the most advanced, electric, everyone loves, high tech, and brand new out of the factory car here, and having 1 bitcoin worth that much is important. This is not about lets all buy a tesla for one bitcoin, if we all sold our bitcoin and bought it, the bitcoin price would crash, it is more about comparison. Next stop is having the same market cap as gold, I want that to happen, obviously gold doesn't fall that easily, at least not that much, so in the long run we will have a hard time but I am sure we will reach it.

Vishnu.Reang

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Quote from: shoreno on January 03, 2021, 08:57:12 PM

damn tesla is getting cheaper and cheaper as bitcoin price sky rockets . most of the btc hodlers can soon own them self one ( a tesla car )

How many Bitcoiners own more than 1 BTC? Rpietila once calculated that around 350,000 do so. The link can be found below:

https://bitcointalksearch.org/topic/distribution-of-bitcoin-wealth-by-owner-316297

The calculation is around 6 years old and I strongly suspect that the numbers might have fallen further over the years. Even if we take the same figure, it means that only 0.005% of the world's population own more than 1 BTC.

rollingdice

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Maybe it's to risky to assume that the Tesla will cost 1 Bitcoin in 2021. I'm not sure if Bitcoin will reach $50,000+ this year.

shoreno

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damn tesla is getting cheaper and cheaper as bitcoin price sky rockets . most of the btc hodlers can soon own them self one ( a tesla car )

but i dont think most of them will buy a wheels because they either already have a wheel for transport and dont want a special type of car because that only adds to the expense they have but instead they can buy something with thier btc that is more worth it like a house and lot or buy materials to renovate and make their old houses look brilliant .

CarnagexD

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Quite interesting yet not surprising how a single bitcoin who wouldn't even be able to buy a box of pizza 15 years ago is now able to buy a Tesla 3, known for being a luxury car worth thousands of dollars. Old hodlers of the coin must be having fun with their millions now that bitcoin is reaching ever greater heights.

Quote from: Shasha80 on January 03, 2021, 03:58:59 PM

The development of the Bitcoin price is indeed very crazy, it can be seen from the comparison of the Tesla price with the Bitcoin price.
I am optimistic that in 2021 it only takes 1 BTC to buy a Tesla, therefore today many rich people realize investing in Bitcoin is much more
profitable than investing in banks or Gold. Therefore I will HODL the Bitcoin that I have for at least the next 10 years as a retirement plan.

There is a lapse of a few years for every ATH, so I don't think bitcoin will retain a 31k price all throughout ths period. A lot of people will cash out for instance which will significantly affect the value, not to mention price corrections coming in.

Shasha80

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The development of the Bitcoin price is indeed very crazy, it can be seen from the comparison of the Tesla price with the Bitcoin price.
I am optimistic that in 2021 it only takes 1 BTC to buy a Tesla, therefore today many rich people realize investing in Bitcoin is much more
profitable than investing in banks or Gold. Therefore I will HODL the Bitcoin that I have for at least the next 10 years as a retirement plan.

kpierce77

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Quote from: Spaffin on January 03, 2021, 09:54:04 AM

In any case, buying a car using cryptocurrency makes life much easier for a person. I have long been looking for any information about the possibility of buying a car using cryptocurrency in my country, since cashing out a large amount of cryptocurrency is associated with quite big difficulties. The infrastructure for cryptocurrency users needs to be expanded, and since environmentally friendly cars remain in trend today, for cryptocurrency users, buying with Bitcoin is only a plus.

It seems like someone has done it before. but if it's Tesla, it will be quite big and positive news for the crypto community. moreover Elon Musk himself also likes bitcoin or crypto in his own way. So yeah, if this were to happen this would be great

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Quote from: Psynthax on December 20, 2020, 10:29:40 AM

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

And yet people do not get it, they see the price of bitcoin moving on the short term and they only think about the volatility of the market but they seem unable to think on the long term and how bitcoin goes only in one direction when you consider that time frame and that is up, while the dollar they love so much and any fiat currency only goes in one direction which is down, and if anything the speed at which fiat is moving in that direction is only bound to increase with time.

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Quote from: kryptqnick on January 03, 2021, 08:28:58 AM

Does the Tesla price remain the same (in USD), and will it remain the same? Because otherwise it might be both Bitcoin going up and Tesla price going down, so they get to meet faster. I don't think I'll ever buy a car because I'm against them, but Tesla is better than most because at least it's environmentally friendly. I think 1 BTC for 1 Tesla in 2021 is a real possibility, given how good things seem to be going and how close it already is to reality. But another question is whether a person would actually be able to buy a Tesla paying directly with Bitcoin or will there remain a need to convert it into fiat.

Tesla isn't as good for the environment as you might think. Its batteries need to be replaced every few years and they cannot be recycled in full.
The process of making these cars isn't completely free of CO2. You can't produce a car without polluting the environment and is there such a huge difference between driving a CNG vehicle and an electric? It's cheaper to make a CNG car and electricity doesn't come from the environment. Most of it is made in coal or nuclear power plants. Also, teslas are way overpriced and full of bugs.

Imran232

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You know what elon mask announced now we are going to add bitcoin litecoin ethereum as a payment method tobbuy tesla product. Now just you think what will be happen in crypto currency market. I think it could be a biggest news for crypto currency market. Just after announced that only 1% of Tesla and SpaceX share holder comes to invest in bitcoin just how much price it can be reach. Though today bitcoin is already crossed $34k+. And if we see that people are buying tesla through bitcoin it will be party time news for crypto. But i think very soon we can buy luxurious house Through 1 bitcoin. Or we can buy most expensive tesla car by 0.1 btc very soon. Hope for the future.

Spaffin

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In any case, buying a car using cryptocurrency makes life much easier for a person. I have long been looking for any information about the possibility of buying a car using cryptocurrency in my country, since cashing out a large amount of cryptocurrency is associated with quite big difficulties. The infrastructure for cryptocurrency users needs to be expanded, and since environmentally friendly cars remain in trend today, for cryptocurrency users, buying with Bitcoin is only a plus.

kryptqnick

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Does the Tesla price remain the same (in USD), and will it remain the same? Because otherwise it might be both Bitcoin going up and Tesla price going down, so they get to meet faster. I don't think I'll ever buy a car because I'm against them, but Tesla is better than most because at least it's environmentally friendly. I think 1 BTC for 1 Tesla in 2021 is a real possibility, given how good things seem to be going and how close it already is to reality. But another question is whether a person would actually be able to buy a Tesla paying directly with Bitcoin or will there remain a need to convert it into fiat.

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Quote from: decodx on December 27, 2020, 03:59:26 AM

Quote from: iv4n on December 25, 2020, 01:54:48 PM

Great! I will wait Tesla to be 0.1 BTC, and I will buy it! Of course, I will have to spend an additional 0.01 BTC for papers and transport, but who cares!

It's very interesting for me to see the progress of Bitcoin on examples like this one! And can you imagine that rise from 10k BTC for pizza to 1 BTC Tesla car!? That's huge my people, and I think it will become even bigger than it is! Nothing seems impossible when you do so much in so short period of time, in the next 5 years we will see a big boom of crypto on the global stage, and I believe that next halving will push the prices even higher! It's still not too late to buy!

This is a good plan. I'm also going to wait, but I'm not going to buy a Tesla, but a more reasonable car (for example, a Mercedes S class or something like that).

But what I would like to see is a graph showing how many Teslas we need to buy one bitcoin. Grin

I agree to buy a reasonable car rather than buy an expensive car that we don't really need. A car will be the transportation for us to give a short time to go to someplace, and if by having a reasonable car is enough, it is better to buy that car, so we don't have to spend much money. Many things will be more important for our lives than just to buy an expensive car. But if your purpose for buying the expensive car is because you want to show off to people how much your money, then I am sure you can do that.

TheUltraElite

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Quote from: Fortify on December 27, 2020, 04:35:53 AM

Like the 10,000 bitcoin pizza, nobody will want to spend any bitcoin with all these price rises because you never know if it will be worth 20% more a few days later.

Money value once objectified loses its importance over time. Same with pizza, cars and so on. That "rich life" motto might seem like a dream but the point is the intelligent trader does not waste time on that. You can very well buy a Lambo or a Tesla and hope for a big status symbol in your city. But truth is, most countries in the third tier dont have roads accommodating driving a sports car or a Tesla.

Eventually when the street dog pisses on your super rich car's side, you will get infuriated like anything but wont be able to do anything about it - sad truth of the world.

Is it not better to spend that money somewhere else and buy an medium class car that wont burn your entire wallet but still give your decent wheels to ride on?

Quote

Would Bitcoin survive if it was kept only as a rather rare store of value, like gold, or does it need to be used regularly like currency to retain it's pure to future buyers? It will be interesting to see.

No need to use it regularly if your local shopkeepers dont accept it - plain and simple.

Leviathan.007

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Tesla is super famous and it's progressing itself but the graph you made here will show how bitcoin is growing much faster than tesla. I like the graph you made here and according to what you made here and the ATH we saw during this cycle, we can wait for see 1 Tesla for less than a half bitcoin. Th crazy thing about tesla is it's growing externally over time but due to the bitcoin demand all over the world, one bitcoin getting more valuable than tesla.

Fortify

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Like the 10,000 bitcoin pizza, nobody will want to spend any bitcoin with all these price rises because you never know if it will be worth 20% more a few days later. Would Bitcoin survive if it was kept only as a rather rare store of value, like gold, or does it need to be used regularly like currency to retain it's pure to future buyers? It will be interesting to see.

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Quote from: iv4n on December 25, 2020, 01:54:48 PM

Great! I will wait Tesla to be 0.1 BTC, and I will buy it! Of course, I will have to spend an additional 0.01 BTC for papers and transport, but who cares!

It's very interesting for me to see the progress of Bitcoin on examples like this one! And can you imagine that rise from 10k BTC for pizza to 1 BTC Tesla car!? That's huge my people, and I think it will become even bigger than it is! Nothing seems impossible when you do so much in so short period of time, in the next 5 years we will see a big boom of crypto on the global stage, and I believe that next halving will push the prices even higher! It's still not too late to buy!

This is a good plan. I'm also going to wait, but I'm not going to buy a Tesla, but a more reasonable car (for example, a Mercedes S class or something like that).

But what I would like to see is a graph showing how many Teslas we need to buy one bitcoin. Grin

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Quote from: samcrypto on December 25, 2020, 04:58:59 PM

Bitcoin price continues to rise and it can really buy many things considering that we are on a peak price again, and we all know that Bitcoin price is more volatile than Tesla so this is going to be an exciting chart to see for sure. Use bitcoin base on your goals, right now I’m confident that we can buy many things through Bitcoin, many already adopted Bitcoin.

Amen brother, having a goal is the best way to utilize your bitcoin, but be careful, having a goal to focus on sometimes lead to a tunnel vision, you might have bought a Tesla right now but the price suddenly shoot up to another ATH to the point that you can buy that same Tesla for quarter of the price that you paid for.

NavI_027

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Oh boy! I hope we reach that far soon. And given that I was able to save 1 btc before such kind of price reached, d*mn I will instantly become a millionaire here in our country! Forget about the Tesla, a fish farm is what I wanted the most hehe Grin

.

Quote from: Psynthax on December 20, 2020, 10:29:40 AM

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

Preserve its value, wow big word. Dude don't be overwhelmed by the fact that bitcoin's price continue to rise recently because lots of ups and downs happened in the middle before we reached the new ATH and future bloodbaths might happen as well.. Crypto is still volatile, it will never change. So don't be complacent, always be careful when investing.

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Quote from: Psynthax on December 20, 2020, 10:29:40 AM

this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

With so much price instability, I wouldn't say bitcoin has any history of preserving value. That's not why people are buying it. People are FOMOing into it for gains, not to preserve value, which is entirely different than what is going on with crypto right now. (Interestingly, also TSLA as a stock, which ties in with the opening post.)

AicecreaME

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This shows that bitcoin’s price really do increase over time. Its value is growing and indeed a very good option for long-term investment. This matter tests your skills, patience, and strategy when in comes to buying and selling. Holding bitcoin WISELY could really bring you a good amount over certain period of time.

Way back 2017, bitcoin’s price peaked that’s why majority of users sold their btc and used the money for another investment. Which is a good thing if they were able to maximize the money and generate more profit in return. On the other hand, it’s such a big loss to those who just use their money for luxuries and didn’t hold because of the fear of missing out, most especially now that bitcoin hit and passed its previous peak record.

It would really be a great news if ever a bitcoin would equate to a latest unit of tesla. This would mean that the bitcoin’s price have a really great potential.

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Quote from: inoes on December 23, 2020, 07:10:58 PM

I don't know anyone can predict Huh

. but towards the end of the year we know that usually people tend to sell their assets for the holidays.

that means if you have need to watch the various news site to get the latest news about crypto. There are some instutional investors that bought billion worth of bitcoins. A few days ago grayscale was adding $500 million dollars worth of bitcoin into its portfolios.
The reversal trend is happening and people didn't have intention to sell their assets for holiday. They are still actively pumping the market.

samcrypto

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Bitcoin price continues to rise and it can really buy many things considering that we are on a peak price again, and we all know that Bitcoin price is more volatile than Tesla so this is going to be an exciting chart to see for sure. Use bitcoin base on your goals, right now I’m confident that we can buy many things through Bitcoin, many already adopted Bitcoin.

qwertyup23

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This is an interesting chart, OP.

When I first started in this forum last June 2017, the price of one (1) bitcoin was running around $4,500-$5,000 and the latter price was already considered a bullish run. Now, the price index/history of bitcoin showed that its price constantly increased throughout the years to the point that you can already buy a Tesla Car for less than two (2) bitcoins.

I just hope the trend continues in the future as I am excited as well for the future of bitcoin's price.

iv4n

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Great! I will wait Tesla to be 0.1 BTC, and I will buy it! Of course, I will have to spend an additional 0.01 BTC for papers and transport, but who cares!

It's very interesting for me to see the progress of Bitcoin on examples like this one! And can you imagine that rise from 10k BTC for pizza to 1 BTC Tesla car!? That's huge my people, and I think it will become even bigger than it is! Nothing seems impossible when you do so much in so short period of time, in the next 5 years we will see a big boom of crypto on the global stage, and I believe that next halving will push the prices even higher! It's still not too late to buy!

slapper

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We will definitely have a chance to see 1 bitcoin = 1 tesla model 3. But whether you spend your bitcoin to buy this new technology. Tesla has been one of the pioneers of high technology for many years, along with bitcoin. And it will be more wonderful if Elon Musk decides to open Bitcoin payment gateway. His eagerness mitigates investors who doubted him in the past

With the current momentum, there is nothing that can block us from achieving even further result in the price of bitcoin. This is not just a big pump, it is a pure bull run with real money from institutional investors and bitcoin enthusiast. And as a result, many people are paying attention to bitcoin and tend to believe that it is an outstanding asset better than gold. And from my point of view, bitcoin has the possibility to reach $50000 at the end of 2021. So many factors support us at the moment.

Will you choose to become a pioneer investor? Or will you choose to be manipulated by the later FOMO?

inoes

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this is one of the media to lead the opinion that buying bitcoin is enough with a few bitcoins, no need to spend a lot of dollars. This is one of the factors that makes the price of the BTC pump.
So for 2021 how many bitcoins?
I don't know anyone can predict Huh

. but towards the end of the year we know that usually people tend to sell their assets for the holidays.

kawetsriyanto

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The big dump of BTC price in 2018 really sometimes make us feel worried every time going to invest in BTC when the price is high. We can see how the value of BTC is increasing in some years only. But will it continue or back to the bottom again?

Quote from: masterzino on December 20, 2020, 10:18:50 AM

So let's hope that the next row not be

December 2021 - $4,265

Cheesy

Nah, I would like to see:

December 2021 - $44,265

It will be so funny if the BTC prices back to the bottom price again and meets $4,265 in 2021. So the graphic will be only up and down at a certain rate after 3-4 years and will be repeated like this. If this happens, maybe there will be no investor again when the price is high Grin

let's hope for the new break of BTC, let's hope that BTC will be really changing this and next years to be higher and higher again.

Kopetunto

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Elon musk is really not kidding, to be honest I said elon musk twitter was hit by a hacker attack,
but he is a real Bitcoin fan, Tesla accepts Bitcoin of course it gives something that must have for Bitcoin,
hold bitcoin for a long time!.

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Tesla could be the next generation of cars, I think they have come into market waaaay before anyone else which is why they are getting this much attention and when all the other car manufacturers becomes purely electric and the cars that run on gas will be a thing of the past, at that moment tesla can still grow because let's face it they are probably tiny compared to goliaths of car industry, but we need to realize they are still just a car.

And usually what happens is that if you buy a car, you want to use it, there is a reason for you to buy a car, you go from your home presumably to work for example, or something else, who knows maybe you want to UBER and so forth, and see THAT as an investment, the reason why you got the car should be something worthy and save you money.

However if you own a car for just owning a car, that is really the most horrible "investment" anyone could make, it is not an investment at all, just because it is Tesla doesn't mean it was a smart decision, it is still an idiotic move to get a car for investment purposes, get the shares of tesla instead.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Princejebs on December 22, 2020, 03:29:16 PM

Some days ago, he shill Dodge which made it to rise by 30%, he will always do whatever favour his portfolio and never turn his back on Tesla. Invest wisely bro.

If someone is still listening to these celebs in order to plan their investments then they are biggest fools in the game. You dont listen to others to put in your own money. Rather do your own research before investing - is that not common sense? It is but people dont use it - the reason being that it is very easy to blame others in case the investment does not work out instead of blaming themselves.

Point is that you can buy Teslas, Lambos, - dont matter to anybody but of course the ones who built that car will. They want their products to be sold. Their CEO showing up a nice bullmove on the markets draws the attention from the bitcoin whales. Thats why they do that.

Oceat

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Quote from: nemey on December 21, 2020, 10:18:48 PM

A very interesting illustration. And it does seem that the longer the price of Bitcoin is getting higher, so maybe the more you delay investing in Bitcoin, the more expensive the price will be and the harder it is to get. then make the most of the time. And maybe in 2021 the value of Bitcoin will be much higher than Tesla.

Maybe it's higher than Tesla but we don't know yet what would be the final price of Bitcoin next year, so we'll just have to guess for now. But if you're a long term hodlers, I think it's time for you to own a Tesla and the price of Bitcoin might surpass the price of Tesla, who knows? And since Bitcoin is kind of slow in pace of growing I think there's a plenty of time to hodl and earn Bitcoin until it reaches a new ATH.

Princejebs

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I have no thing against Elon musk and his strong supports for cryptocurrency especially bitcoin but I'm not comfortable with his way and influence towards the market.
Some days ago, he shill Dodge which made it to rise by 30%, he will always do whatever favour his portfolio and never turn his back on Tesla. Invest wisely bro.

Chrystora123

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Quote from: nemey on December 21, 2020, 10:18:48 PM

A very interesting illustration. And it does seem that the longer the price of Bitcoin is getting higher, so maybe the more you delay investing in Bitcoin, the more expensive the price will be and the harder it is to get. then make the most of the time. And maybe in 2021 the value of Bitcoin will be much higher than Tesla.

very curious, maybe we will see 3 Tesla model S priced at 1 Bitcoin in 2021 (who knows)..

Quote from: Wind_FURY on December 22, 2020, 02:32:06 AM

Elon Musk has also been memeing about Bitcoin. Is he looking for his own dip? Cool

Elon Musk is an innovator who adopts the "why so serious" notion. every "joke" post he posts about Bitcoin or Doge give a good price impact on that both crypto asset. look foolish!! but I love his ability to entertain his 40 million followers on Twitter..

Wind_FURY

legendary

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Haha. There's currently a bear market for the TeslaCar/BTC market. Short TeslaCars! Buy the bottom for 3 TeslaCars per Bitcoin on 2022!

Elon Musk has also been memeing about Bitcoin. Is he looking for his own dip? Cool

kaya11

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SOL.BIOKRIPT.COM

I live how this portrays on why should we buy bitcoin, for those who've bought it already and kept on holding well you deserve a tesla car. This graph urges me to buy btc now but I guess I am already too late. Many years from now may a Tesla 3 would just cost a portion of BTC.

nemey

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Catena X

A very interesting illustration. And it does seem that the longer the price of Bitcoin is getting higher, so maybe the more you delay investing in Bitcoin, the more expensive the price will be and the harder it is to get. then make the most of the time. And maybe in 2021 the value of Bitcoin will be much higher than Tesla.

Ridwan Fauzi

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How many bitcoin to buy 1 tesla in 2017 ago? I guess it was 1.5 btc because it same right now.

This pointed out that bitcoin has many functions, Elon Musk will make a huge transaction in bitcoin whilst bitcoin by most people have been used as an investment place. At least this is a characteristic that distinguishes bitcoin from other investment places. You will make the statement if you invest your money in gold although the same with bitcoin that has been successful to reach a new all time high this year. You will not say 20 ounces gold can buy 1 tesla, because it is an investment place only, no more than that. You can't send your gold to other people even you can't use it as a means of payment because there is no merchant who will accept it although they know gold and how valuable it is.

AjithBtc

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Vave.com - Crypto Casino

Similar price comparison for products happen often. This time its with the trending Tesla. In future scenario could change in the positive as well as on the downward direction. If the market is always on the bullish trend then its isn't real. Most of the users here could've offered for a Tesla, if they've known about the present growth of bitcoin few years back.

jademaxsuy

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Buying Tesla with bitcoin is not new because the owner of tesla company had been already expressing before of their willingness to accept btc as an option for payment. The owner of tesla company is also a bitcoin enthusiast and that is one good thing for bitcoin market to be recognize with big establishments accepting bitcoin. I do hope that there could be more establishment around the world to accept bitcoin as mode of payments or expresses to utilize bitcoin as digital currency.

bittick

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Cryptocasino.com

I do believe if 1 bitcoin will give us 2 tesla at the end of next year. Im still having two digits of BTC right now and I could buy so many tesla in the future. It's very good to see that bitcoin will be much more expensive than tesla in the future. Im still waiting for the comparison for bitcoin with lambo. It looks like we will need 5 bitcoin to buy lambo next year. Grin

interesting

ReiMomo

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Duelbits - $100k Bonus/week

Quote from: ice098 on December 21, 2020, 05:07:48 PM

Maybe you should put the 2017 bitcoin price, we all amaze and surprise that time, I have a bitcoin that time and I am very very surprised that when I saw my wallet it shows that 20000usd, so I plan what will I do to that money, now when bitcoin hits 24k I don't have any bitcoin left poor me, I didn't spend time to save bitcoin, but now I am step by step saving my money and making it bigger and bigger each day by trading, wishing that at the end of 2021 I will have bitcoin.

Lol, we're just the same story. I don't have left bitcoin on my wallet I almost spent most of them during a pandemic when the time I almost need.
And now, I saw bitcoin pumping up too much and considering that this is a new ATH but how can I convert that I don't have bitcoin left in my wallet. If I could back time, I guess I will spare a large amount of bitcoin or accumulate as much as I can to buy not only tesla and also my dream house.

We prove as of now that bitcoin price was increased year by year. So I guess it is worth it to hold bitcoin for a long time and wait until there's a new ATH again and break the previous all-time high.

ice098

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Maybe you should put the 2017 bitcoin price, we all amaze and surprise that time, I have a bitcoin that time and I am very very surprised that when I saw my wallet it shows that 20000usd, so I plan what will I do to that money, now when bitcoin hits 24k I don't have any bitcoin left poor me, I didn't spend time to save bitcoin, but now I am step by step saving my money and making it bigger and bigger each day by trading, wishing that at the end of 2021 I will have bitcoin.

sana54210

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It is a bit weird to calculate it like this, we have picked December as the price and that does make it sound like price is a bit harder to calculate this way. For example, highest of 2018 was around 15-16k and that would mean a lot less bitcoin required, or highest in 2019 was around 14k so that would mean a lot less, and in 2017 December it was 20k so it was A LOT less, and yes in 2020 we have reached the highest ever so we are at around 24k right now and it costs only 1.5 bitcoins to buy, but do not forget that it was never really that far gone and it was never really that great, in 2020 we had 3.8k in march as well, if we calculate from there we would require a lot.

So, know that bitcoin always has lows and highs, we can't calculate it based only on highs or lows, we need to calculate from the averages. And I believe 2020 has been the best year on average price.

vaultman

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Activity: 493

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BountyMarketCap

I think that in 2021 the cost of a Tesla car in bitcoins will be less than one bitcoin. Now there are all the prerequisites for the growth of the value of bitcoin, as well as the viral infection of the entire population, which is only gaining momentum every day, like a snowball, which cannot but affect the price of bitcoin. Even if this does not happen in 2021, in any case it is only a matter of time.

CryptoLogo

sr. member

Activity: 656

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www.fintropy.io

I saw this rather strange tweet from Elon Musk. To be honest, the first thing I thought was that it was hacked again.
But if this is not so, then I am sure the scammers will not miss the opportunity to take advantage of this statement in order to once again try to deceive people with the free distribution of bitcoin and cryptocurrency.
Be carefull.

Noctis Connor

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This could be an eye opener for other big companies to start accepting bitcoin as a payment method too, not only elon musk because he also believed into bitcoin not only he is an ex ceo of dodge coin but he knew already the potential of bitcoin that is why he already said that. if i am also a business owner i will start accepting bitcoin to know people that not only credit card are existing for payment method but also other internet money where they can easily earn from trading and other activities.

Mauser

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Activity: 1974

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A tesla is my dream car. I hope one day I can afford to buy one. The cars look awesome and are good for the environment. If I had enough bitcoins I would instantly buy on. Would be nice to know if anyone here actually bought one. Maybe post a picture with your tesla?

avikz

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Quote from: TheUltraElite on December 21, 2020, 03:30:12 AM

I mean I understand the craze here, but you guys shifted from Lambos to Teslas too soon. Grin

Exactly! We used to see Lambo as a comparison back in 2017 bull run! It seems Tesla has become more trendy nowadays because of the technology and advantages over Lambos. Bitcoin should be spend for something more logical, you know! 😀

But I believe an investor should never buy a car like Lambo or Bugatti or koenigsegg because these are just wastage of money! These kind of cars are not practical unless someone has a shitload of money and don't know how to spend them! Bitcoin is a logical asset class and it must be spent for practical things like Real estate! I indeed converted some of my bitcoin holdings back in 2017 to pay off the token amount to purchase my first apartment.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

I mean I understand the craze here, but you guys shifted from Lambos to Teslas too soon. Grin

Talk about accumulating bitcoin, No, you want Teslas and have wet dreams of the same. Rather see this as the opportunity to sell some bitcoins and book a profit. We are holding nicely at 22K and might reach 25K soon - my realistic price assumption for now.

But seriously, if you want to spend your bitcoin, be logical and stop dreaming of cars. Be logical and think how you can spend it on things you need and not what you are greedy about.

Om.monata

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Quote from: BTC_Mouse on December 20, 2020, 09:29:15 AM

2018: 8.5 BTC = 1 Tesla
2019: 4.8 BTC = 1 Tesla
2020: 1.5 BTC = 1 Tesla
2021: Huh

BTC = 1 Tesla🤔🤔

"Bitcoin is my safe word"
Elon Musk 🚀

it's really funny and entertaining. maybe 2021 to the next 5 years 1 tesla = 0.5 btc, this looks crazy but we hope it can happen so that bitcoin always increases Grin

error08

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It is a good idea to buy a Tesla using bitcoin as a reserve fund, after bitcoin reach $37k then it's a guarantee to get one due to there are some additional fees such as options and taxes but the best option for an electric vehicle is the long-range that cost over $45k. Unfortunately, Tesla, Inc. doesn't accept payments via bitcoin, perhaps Elon Musk will change his mind in the future to accept bitcoin as a payment method by cooperating with one of the many crypto firms.

Final payment is accepted via:

Electronic check (direct debit) in your Tesla Account
Wire transfer
Personal or cashier’s check at time of pick-up, with your Reservation Number (RN) and name in the memo line source

crzy

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Both of this are growing really great and we know Tesla is becoming an expensive company but its amazing to see bitcoin grow over time and I’m confident that the cost of Tesla will become less of Bitcoin, Time will come and honestly, I don’t want to spend my Bitcoin on Tesla especially the price keeps on growing.

pixie85

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It can be confusing but:

-there are many different tesla models
-a new tesla from previous year is going to be much cheaper. You can buy new 2019 models in 2020 and save some money
-the value of USD/tesla was also different in 2018 because of inflation and stuff
-teslas are overpriced. Even a stupid set of alu rims for a tesla costs 2000 USD.
-their price varies from country to country. In Germany a new model 3 costs 43000 EUR so 52000 USD
https://www.tesla.com/de_de/model3/design#battery

Ryker1

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Quote from: BTC_Mouse on December 20, 2020, 09:29:15 AM

2018: 8.5 BTC = 1 Tesla
2019: 4.8 BTC = 1 Tesla
2020: 1.5 BTC = 1 Tesla
2021: Huh

BTC = 1 Tesla🤔🤔

Well, that is a good observation of the bitcoin price and buying tesla is very possible if you can able to store bitcoin within that year's range in your cold storage wallet. If you noticed, it begins in the year 2018 which is we experienced a massive drop after the new ATH comes in the year 2017. My conclusion is this, even bitcoin will drop, it will always end up at a higher price, and also as I see it here, it follows in a halving time.
It proves that holding your bitcoin is worth it to wait, after 10 years even though how many teslas you want you can afford it once bitcoin becomes more expensive in the market. Indeed, it is a nice graph, thank you for sharing this.

FlightyPouch

sr. member

Activity: 1638

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This is just amazing. And it just not prove that you can buy a Tesla if you hold your bitcoins for a long time, it just proves that the more patient you are,t he more things you can achieve or buy in the next few years. Just imagine how things would roll in the next few years, I don't think Tesla would be the only goal, right?

jossiel

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Simply yet informative and precise comparison for just buying 1 tesla with bitcoin's price from the past and the current.

We're all getting a goosebumps seeing how much bitcoin's worth right now. And IIRC, there's also an image that shows how many groceries you can buy with 1 bitcoin in the next years and with the current.

This only shows that we're all heading up, there will be a stoppage and correction but it still leads to show that bitcoin is going upwards. 0.5BTC = 1 Tesla soon? Grin

StyleForceOne

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Quote from: BTC_Mouse on December 20, 2020, 09:29:15 AM

2018: 8.5 BTC = 1 Tesla
2019: 4.8 BTC = 1 Tesla
2020: 1.5 BTC = 1 Tesla
2021: Huh

BTC = 1 Tesla🤔🤔

"Bitcoin is my safe word"
Elon Musk 🚀

The funniest thing is - you could buy a tesla with 10 BTC just in march of this year, now you need only 1,5 BTC - that is crazy

bitbunnny

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This example shows how unpredictable Bitcoin could be and confirms that is still the best investment on long term and gives you back the most if you are patient enough.
I'm still quite surprised with current high Bitcoin price that is still rising but some analysts predict this might be just the beginning of the long time period of price rise that might end at 300000$ which still sounds exaggerated to me.

Kakmakr

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The Manufacturer's Suggested Retail Price (MSRP) for the entry level Tesla 3 is about $37,990..... not $36,200 as shown in the graph. If you continue quoting the Dollar value into the future, you would end up seeing $100 000 for the entry model... (devaluation of Fiat currencies) Tongue

I am saving up for my first Tesla 3 now.... but I do not want the entry model. Grin

.... I want the Tesla Model S and it is going for about $70 000 ...so Bitcoin must triple it's value for me to buy one of those. Grin

(Will build a charging station while I wait) Roll Eyes

The Sceptical Chymist

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Jeez OP, you're only going back to 2018 in pricing that Tesla. I remember a time in 2015 when it would have taken a hell of a lot more bitcoin to buy that $36k model--and there are members here who are even more old-school and can recall when bitcoin was worth pennies.

I'm still having a hard time believing bitcoin is where it is right now, and I'm hoping that the price doesn't start going exponential like it did leading up to the end of 2017. But all that aside, I do find it interesting to see that Tesla compared to how much BTC it would take to buy it through the years. IMO it's much better than using a Lambo, since as far as I know you can't actually buy a Lambo with bitcoin, but you can buy a Tesla with it. Plus I'd much rather have an electric vehicle than some penis-envy car like a Lamborghini that guzzles gas (unless they've changed that, but I doubt it).

fiulpro

hero member

Activity: 1890

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I really like the graph you made 😂 I do think if someone saves up one day for sure the value of 1 BTC will be equivalent to 1 tesla no doubt.

- Government is accepting bitcoins more and more
- Pandemic have shown the fragility of the government institutions
- Banks are not the preferred method of investments anymore
- Gold and other investments are showing hyperinflation therefore not a plausible investments there too
- There are better at home jobs when it comes to bitcoins and other cryptocurrencies

Literally so many reasons , one can only imagine the height bitcoins will reach in a while. Let us wait till that time.

You know at this time it's really funny that some people are trying to manipulate the market by posting posts such as : https://www.google.com/amp/s/www.fool.com/amp/investing/2020/12/20/why-i-wont-buy-bitcoin-and-you-shouldnt-either/
But these are the kind of people who hold bitcoins and no one even knows about it 🤣

Psynthax

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Activity: 2366

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this picture really shows how bitcoin really preserve its value and even goes beyond huh? meanwhile the traditional paper money have a hard time retaining its value bitcoin keeps on increasing its value and now we see only takes 1.5 for a tesla.

I guess never once people in the past thought how big potential btc really has. the paper money really feels like bad investment at this point

masterzino

hero member

Activity: 1218

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I love that kind of graph, but you forgot to add at the beginning:

December 2017 - $18,888

So let's hope that the next row not be

December 2021 - $4,265

Cheesy

Nah, I would like to see:

December 2021 - $44,265

BTC_Mouse

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2018: 8.5 BTC = 1 Tesla
2019: 4.8 BTC = 1 Tesla
2020: 1.5 BTC = 1 Tesla
2021: Huh

BTC = 1 Tesla🤔🤔

"Bitcoin is my safe word"
Elon Musk 🚀

Topic: Buying a Tesla with Bitcoin (Read 846 times)