Will you give your BTC to Elon for Tesla Car? - page 2.

Bergkampsballs

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Activity: 145

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Quote from: RickDeckard on January 09, 2021, 05:40:31 PM

What I imagine that would happen is more activity and BTC being exchanged. This must be something that happens whenever a sought after service announces that they will start accepting BTC as a way of paying. It would be good for BTC but I'm not too sure if Tesla shareholders would like the idea ...

Just out of curiosity, why do you think it would be a negative move for Tesla share holders?

RickDeckard

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Quote from: ChrisPop on January 09, 2021, 02:14:16 PM

Quote from: kentrolla on January 09, 2021, 01:57:57 PM

Also how long will a person keep on holding till ages? Everyone's vision is to live a rich and luxury life you need a car, house & lot of stuff if his/ her dream car is Tesla then they will surely go for that. See holdings only works for those who are planning for long-term, so go ahead.

Buying a liability instead of holding Bitcoin? I don't think that's a move a financially educated person would do. At least not if the BTC he is selling for the car is a significant part of his net worth, but I agree. There are some people who would liquidate everything just to own the car they dreamed about in their childhood.

What I imagine that would happen is more activity and BTC being exchanged. This must be something that happens whenever a sought after service announces that they will start accepting BTC as a way of paying. It would be good for BTC but I'm not too sure if Tesla shareholders would like the idea ...

DIA7

hero member

Activity: 1442

Merit: 602

Quote from: ChrisPop on January 09, 2021, 02:14:16 PM

Quote from: kentrolla on January 09, 2021, 01:57:57 PM

Also how long will a person keep on holding till ages? Everyone's vision is to live a rich and luxury life you need a car, house & lot of stuff if his/ her dream car is Tesla then they will surely go for that. See holdings only works for those who are planning for long-term, so go ahead.

Buying a liability instead of holding Bitcoin? I don't think that's a move a financially educated person would do. At least not if the BTC he is selling for the car is a significant part of his net worth, but I agree. There are some people who would liquidate everything just to own the car they dreamed about in their childhood.

yep getting a car is like getting another son to support especially in our country when you spend more then $5k to buy an old beater that been on the road for 20years that was sold for far less money brand new twenty years ago and not to mention their maintenance cost and insurance gas etc.

And no I wouldn't give my btc for a tesla especially for the time being.

ChrisPop

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Not your Keys, Not your Bitcoins

Quote from: kentrolla on January 09, 2021, 01:57:57 PM

Also how long will a person keep on holding till ages? Everyone's vision is to live a rich and luxury life you need a car, house & lot of stuff if his/ her dream car is Tesla then they will surely go for that. See holdings only works for those who are planning for long-term, so go ahead.

Buying a liability instead of holding Bitcoin? I don't think that's a move a financially educated person would do. At least not if the BTC he is selling for the car is a significant part of his net worth, but I agree. There are some people who would liquidate everything just to own the car they dreamed about in their childhood.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

actually for me, this must be seen in terms of the benefits of Tesla based on the environment in which they live. because not all are suitable for us here. Moreover, where I live, which is located quite far from the city and still not reached by car facilities. and of course in my country no one has a Tesla yet. in fact the price of Tesla is much more expensive than the house we live in. and it will sound very funny

So personally the bottom line comes back to the benefits, if only for the lifestyle, maybe we don't deserve a Tesla yet.

tinopener

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Activity: 224

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Elon Musk getting involved is a double edged sword for me.

Good that he is raising awareness about Bitcoin.

Bad that he got a rap from the US SEC for Tesla price manipulation - the same US SEC that is putting off approving a Bitcoin ETF* because of potential price manipulation.

I bet the US SECs ears prick up when Musk says this sort of thing.

*I am personally interested in a Bitcoin ETF so if I need to sell my immediate Bitcoin for emergency cash, I could top up in my retirement fund with a bitcoin proxy such as an ETF.

kentrolla

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Catalog Websites

This is purely depends on us BTC is something which gives you a millionaire opportunity if you are all set for that then obviously we want to live a lavish life right?

Also how long will a person keep on holding till ages? Everyone's vision is to live a rich and luxury life you need a car, house & lot of stuff if his/ her dream car is Tesla then they will surely go for that. See holdings only works for those who are planning for long-term, so go ahead.

Bttzed03

legendary

Activity: 2114

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https://bitcoincleanup.com/

Asking the few people who has BTC to spare and buy a Tesla.

source

Nothing wrong with spending it I guess but let him buy more from the market. He and his company got plenty of fiat to convert to BTC anyway.

Topic: Will you give your BTC to Elon for Tesla Car? - page 2. (Read 289 times)