Tesla now accept crypto payments | Bitcointalksearch.org

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Quote from: Odusko on January 31, 2022, 05:26:18 PM

Tesla have been on and of on cryptocurrencies adoption as payment

Yeah, they were. But one fact, they still have the investment with bitcoin. And AFAIK, they've just sold 10% of it and with the purchase they made, the average price of bitcoin when they did that was $31k so, it means that they're still in profit.

Quote from: Odusko on January 31, 2022, 05:26:18 PM

but since Elon musk is the now known doge father may be Tesla dogecoin cooperation will be a lasting one.

He keeps on talking about Dogecoin so it's really the best choice for him to accept payments only in Dogecoin. But I think it will change his mind and will start to accept payments again in bitcoin.

evichi

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This is good news for Doge coin holders and lovers. The adoption of Dogecoin as a means of payment is another 'plus' for the crypto space as a whole. Elon Musk have actually carved out a niche for himself in the crypto industry and will be remembered for this. Indirectly, he is also an inspiration for all those that look down on crypto as well as source of inspiration for industries/establishments. Currently, there are numerous coins/tokens that are named linking to things/pets associated with Elon Musk.

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Quote from: Odusko on January 31, 2022, 05:26:18 PM

Tesla have been on and of on cryptocurrencies adoption as payment but since Elon musk is the now known doge father may be Tesla dogecoin cooperation will be a lasting one.

Im sure with this and remember that it's only for merchandise so that being said that if the doge coin holders that wanna try to buy the tesla car must also convert their doge coin to the cash to buy the tesla car.
This announcement didn't mean a lot fot he doge coin holders. The adoption of doge coin by tesla on its merch store didn't give a very big impact to the doge coin.
that's why elon asking mcdonald to adopt doge coin as mcd has so many users that actively doing transaction in the store and this will be increasing the demand for the doge coin.
This doge father never feel tired to shill his doge bag. what a shame lol. The community known so well about this billionaire habit

Odusko

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Tesla have been on and of on cryptocurrencies adoption as payment but since Elon musk is the now known doge father may be Tesla dogecoin cooperation will be a lasting one.

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Quote from: peterpanda on January 18, 2022, 02:08:06 PM

Elon is benefiting more from this but what's the benefits of general people?

For elon he was getting more money as the price for his bag is increasing a lot as well as his company receive some profits from the merch sale and for the general people who have bought doge coin at the botttom and they get capital gain from their investment but it's so sad for people are hyping this coin and buy at the peak price. They may feel bad about it as they are losing their investment.

Quote from: peterpanda on January 18, 2022, 02:08:06 PM

Is it a benefit to buy tesla product with crypto currency? I don't think so because elon can deny crypto currency any time. It's his sweet well to list and delist.

It's merch and that's not the main product. You may need to read it again. If you know it carefully and then tesla didn't add doge coin to be its payment system for tesla car. it's not related to the tesla car payment gateway

izsara

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That is good news, from Elon musk and Tesla accepting cryptocurrency as a means of payment, which has added advantage to Doge coin price value increase in the crypto space.

what do you expect from there, don't be too naive because they just want profit.
wasn't it a few months ago in 2021 they did the same thing after that made the news they refused bitcoins for payments. and now they take it back.
only for those who are truly naive and his supporters who believe he is here for crypto. No, he's here for his own personal gain.

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Quote from: istiak2277 on January 18, 2022, 12:41:18 PM

Quote from: Wiwo on January 14, 2022, 04:44:29 PM

Tesla CEO Elon Musk has announced dogecoin adoption as payment for its products, this news came after Elon musk earlier tweeted about the done coin being a better payment option compared to Bitcoin. As we can recall that Tesla use to accept Bitcoin payments in the past before putting on hold its crypto payment gateway.
This announcement gave dogecoin a push-up in price as the coin gained 25% after the announcement.
Reference
https://cointelegraph.com/news/dogecoin-leaps-25-after-musk-announces-doge-payments-for-tesla-merch

This was totally expected because when elon introduced himself as dogfather then he must have a plan for doge. It was predicted before and now we are seeing its been live. I think its one of the first master stroke by elon about his doge plan. Very seen we could see that people can buy starlink data by doge coin. Like shiba Inu doge could also be accepted by many online ecommerce platform in the near future.

Elon is benefiting more from this but what's the benefits of general people? Is it a benefit to buy tesla product with crypto currency? I don't think so because elon can deny crypto currency any time. It's his sweet well to list and delist.

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Quote from: Wiwo on January 14, 2022, 04:44:29 PM

Tesla CEO Elon Musk has announced dogecoin adoption as payment for its products, this news came after Elon musk earlier tweeted about the done coin being a better payment option compared to Bitcoin. As we can recall that Tesla use to accept Bitcoin payments in the past before putting on hold its crypto payment gateway.
This announcement gave dogecoin a push-up in price as the coin gained 25% after the announcement.
Reference
https://cointelegraph.com/news/dogecoin-leaps-25-after-musk-announces-doge-payments-for-tesla-merch

This was totally expected because when elon introduced himself as dogfather then he must have a plan for doge. It was predicted before and now we are seeing its been live. I think its one of the first master stroke by elon about his doge plan. Very seen we could see that people can buy starlink data by doge coin. Like shiba Inu doge could also be accepted by many online ecommerce platform in the near future.

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Quote from: Wiwo on January 14, 2022, 04:44:29 PM

this news came after Elon musk earlier tweeted about the done coin being a better payment option compared to Bitcoin

The different between doge coin and bitcoin is doge coin being used as payment for tesla merch and bitcoin for its main product. If elon was thinking if doge was a better option and why he doesn't accept doge coin as main payment system for tesla. it seems like that he was testing

Quote from: Wiwo on January 14, 2022, 04:44:29 PM

As we can recall that Tesla use to accept Bitcoin payments in the past before putting on hold its crypto payment gateway.
This announcement gave dogecoin a push-up in price as the coin gained 25% after the announcement.

The pump can sustain for longer and it's dumping again right now. The reason is due to the bitcoin consumes a lot of energy. So many bitcoin miners are also moving to use green energy but it seems like that elon didn't even think about it again right now. This announcement is not so big and i thought that it was being used to pay tesla car but it's only merch.

Gudhal Untu

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This is a good and mutually beneficial step, after hearing that Tesla accepts cryptocurrencies it will make Tesla actively discuss the very large cryptocurrencies community and of course this will be a start for other companies that will soon accept cryptocurrencies.

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It looks like another pump. Let's place bets on how long it will take for Mask to cancel accepting dogecoin. In this news, the negative point is that after paying in doge, the product loses its warranty, and this looks like cryptocurrency discrimination. This news did not impress me and created even more doubts.

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Quote from: tvplus006 on January 16, 2022, 01:32:08 PM

Quote from: Mauser on January 16, 2022, 03:06:18 AM

...But who knows how long tesla will actually accept doge, it might be only a few weeks. I remain sceptical for now.

In this case, the price of Doge will decrease more than it has now increased after Elon Musk tweet. After all, we remember how much the price of bitcoin decreased when it was banned as a means of payment for the purchase of Tesla. And given that the capitalization of BTC is 40 times larger than Doge, such a drop in price can be fatal.

This situation is very likely. After all, it was exactly this same story with acceptance and then the abandonment of Bitcoin payment in Tesla.
Elon Musk playing with the price of Dogecoin is very dangerous. As you can see, you can earn a lot from it, but the risk of loss is also very high.
At any moment, the price could dive for a lot more than it has now risen.

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Quote from: Wiwo on January 14, 2022, 04:44:29 PM

Tesla CEO Elon Musk has announced dogecoin adoption as payment for its products, this news came after Elon musk earlier tweeted about the done coin being a better payment option compared to Bitcoin. As we can recall that Tesla use to accept Bitcoin payments in the past before putting on hold its crypto payment gateway.

I seem to have heard of this too before tesla accepts doge / btc . will people be easily tempted by just this statement? I think with what previously happened at Doge, many people are aware that influencers or famous people are not a guarantee that a coin will go up.

When an investment advice is announced by a public figure like Mr. Elon, even it's a bullshit, people will react by FOMO. And this is how such a big influencer can reach his greedy goals easily.
Note that in his announcement, he didn't mention why Doge is better than bitcoin as a payment method. If so, then why other businesses don't use it the same way.

Although it's easy to discover that it's a hype declaration by just asking two questions:
1- Why Mr. Elon chose Doge from more than 16k cryptocurrencies in the market?
2- What's his opinion about the Doge's inflationary supply?

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Quote from: Mauser on January 16, 2022, 03:06:18 AM

...But who knows how long tesla will actually accept doge, it might be only a few weeks. I remain sceptical for now.

In this case, the price of Doge will decrease more than it has now increased after Elon Musk tweet. After all, we remember how much the price of bitcoin decreased when it was banned as a means of payment for the purchase of Tesla. And given that the capitalization of BTC is 40 times larger than Doge, such a drop in price can be fatal.

Kodok Bencot

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This is a good idea so that it makes us optimistic and excited to keep cryptocurrencies, I'm sure this will have a big impact and be a domino effect for other big companies to immediately accept cryptocurrencies.

Mauser

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Oh wow, seriously Elon Musk is back at it manipulating crypto markets? How are people still falling for that? I do like SpaceX and the Tesla cars, but I don't like how Elon Musk uses his twitter account to promote or banish crypto projects. He has a huge followership that will buy anything he prompts without thinking twice. We know that Elon Musk is one of the whales behind the doge coin market, so promoting it will benefit him directly. But who knows how long tesla will actually accept doge, it might be only a few weeks. I remain sceptical for now.

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Quote from: tvplus006 on January 15, 2022, 07:25:07 AM

Quote from: vv181 on January 15, 2022, 02:27:21 AM

...But somehow I believe that at least they will accept Doge for some long period of time, maybe last longer than when Tesla accepted bitcoin back then. I assume, that he has been consistently "shill" Doge, so I think it might stay for a while.

Everything can change at the moment when Elon Musk creates his own cryptocurrency and starts promoting it as the main Tesla brand. Then he will find many reasons to remove Dogecoin, as he previously did with bitcoin, as a means of payment for Tesla merch.

Yeah sure, nobody knows what he wants to do with all of this. But in terms of probability, I believe as far as I am concerned, Musk won't create another cryptocurrency noting the consistency he attained into Dogecoin that has been known since 2019. So, I think it will have a higher chance that Doge will keep being accepted in the merchandise shop. He was also questioned in regard to creating a cryptocurrency back then.

Quote from: https://twitter.com/elonmusk/status/1393749019478970368

@long_elon
Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?

@elonmusk
Only if Doge can’t do it. Big pain in the neck to create another one.

Johnyz

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That is good news, from Elon musk and Tesla accepting cryptocurrency as a means of payment, which has added advantage to Doge coin price value increase in the crypto space.

Accepting dogecoin by Elon Musk as well as Tesla is obviously a good thing for the Dogecoin. And obviously it is good for all the cryptocurrency. Though we cant get the result instantly. We have to wait for a long time for the good result.

They did a dry run on accepting DOGE when buying Merch and I think it went well, this adoption is indeed a great opportunity for DOGE and for sure it will create another hype for this meme token which I think will begin once the market recovers. Though this news doesn’t move the price of DOGE that much, maybe the hype is not there yet but soon it will come, better to have some DOGE now while it is still cheap.

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Quote from: Wiwo on January 14, 2022, 04:44:29 PM

Tesla CEO Elon Musk has announced dogecoin adoption as payment for its products, this news came after Elon musk earlier tweeted about the done coin being a better payment option compared to Bitcoin. As we can recall that Tesla use to accept Bitcoin payments in the past before putting on hold its crypto payment gateway.
This announcement gave dogecoin a push-up in price as the coin gained 25% after the announcement.
Reference
https://cointelegraph.com/news/dogecoin-leaps-25-after-musk-announces-doge-payments-for-tesla-merch

Well we have to be careful here, Tesla only accepts Dogecoin as payment for their merch and i guess the sales volume of their merch is very low compared to their sales volume for cars. One of the reasons, or at least a factor that increased the bullrun of last year was the announcement that Tesla accepts Bitcoin as payment, not only for their merch but also for their cars. Of course people are crazy enough to buy Dogecoin just because Elon Musk made another tweet about it, but that news is very small in comparison to the one of last year. I am not sure, if Tesla will ever accept Dogecoin as a payment method for their cars.. in the end it's just a sh*t-coin.

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Elon Musk's strategy is great. what i was thinking, elon musk before making about crypto i think he had bought bitcoin first before tweeting the price soared. for Tesla car payments I think they are thinking back. because the price of coins that always go up and down, of course, you will not use payments via cryoto.?

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