Do you plan to pay for your TM3 with Bitcoins?

[Flekoun]

For anyone who have some Bitcoins. Do you plan to sell some of these to buy your TM3? It is really tempting as the price skyrocketed like 10x this year alone and we can expect even more next year. Also TM3 is one of few things I would imagine to sell a portion of my bitcoins for Anyone have same feeling?

 

[BinaryField]

The way Bitcoin has developed lately, this is like asking if anyone plans to buy their car with casino chips.

 

[bswn1]

I could pay for my M3 purchase with BTC and ETH only but I won't.

 

[Pkmmte]

I'm hoping to hold on to my BTC, NEO, ETH, and DOGE until I can comfortably buy a Roadster instead.

 

[SageBrush]

It is really tempting as the price skyrocketed like 10x this year alone and we can expect even more next year.

Pimp much ?

 

[Iluvpcs]

I wouldn’t - interest at 2-3% better than speculation of new trading funds. I’m hoping for 20k in 1-2 yrs btc. LTC to 250, and eth to at least 1k. I’d be super happy with DOGE at .01

 

[dhanson865]

I don't know any safe way to pay for a tesla with bitcoin. I don't have enough to buy a car outright but if I did:

* Tesla won't accept it directly
* Bitpay won't let me put more than 10,000 USD on a visa debit
* Exchanges aren't trustworthy in my opinion

I don't see any safe way to do it unless Tesla will take multiple $9,000 or so chunks from the Visa followed up with a payment from what I have in checking.

I mean I guess I could just get a car loan and pay that back out of checking while paying interest but it doesn't feel like "paying for it with bitcoin" if I have to finance it and dribble out the bitcoin over months or years time. Especially since my car loan and home loan won't accept payment from my visa, so I'm forced to wash it through other bills that will and pay the big loans with USD I got from non bitcoin sources.

let me know when I can refinance my home loan to a lender that won't resell it to Bank of America in the first 30 days and will also accept BTC or BCH for payment. That'll be the day I feel like bitcoin hit the mainstream. Or heaven forbid if Bank of America starts taking BTC or BCH it be there as well.

 

[SageBrush]

* Bitpay won't let me put more than 10,000 USD on a visa debit

Take out a handful of VISA debit cards, or

Transfer $10k cash to another account from your debit card
Pay with Bitcoin
Rinse and repeat

 

[dhanson865]

Transfer $10k cash to another account from your debit card

Yeah, I could do that with square for 2.75% fees I suppose if I had millions of dollars I could laugh ~3% away. I already have to pay fees to turn BTC into USD on the Bitpay card, adding another layer to move it from BTC to Bitpay to Square to get it to my checking account is eating into the value of the BTC to a noticeable amount.

Neither company is likely to go bankrupt or run away with my money but every time I transfer it to another non FDIC insured institution like that it adds to the risk and makes me less comfortable with the whole setup.

Take out a handful of VISA debit cards

Final payment https://www.tesla.com/support/final-payment says they will not accept credit or debit cards for final payment.

That sounds like to me that they'll let you do the reservation and initial deposit with a card but anything past the first $3,500 will have to be from checking, wire transfer, or a certified check.

So again I'm back to paying out of my checking account from non bitcoin funds and using the bitcoin funds on the debit card to pay smaller bills.

 

[SageBrush]

Yeah, I could do that with square for 2.75% fees I suppose if I had millions of dollars I could laugh ~3% away. I already have to pay fees to turn BTC into USD on the Bitpay card, adding another layer to move it from BTC to Bitpay to Square to get it to my checking account is eating into the value of the BTC to a noticeable amount.

I think you can buy $1000 money orders from the USPS for $1.6 and pay by debit card

 

[Tiger]

How about shorting TSLA to buy M3

 

[ElecFan]

I'd say, buy shares. This guy bought shares at 35$ and after 1 to 1,5 year could buy a model S from his profits (at 5m25s).

 

[dhanson865]

I think you can buy $1000 money orders from the USPS for $1.6 and pay by debit card

Well that sure gets the fee lower. I can't imagine having to fill out 33 of those to buy a model 3. I'd have to get 9 at a time from the post office if they would let me and after 4 trips over a couple of weeks time I'd have enough $1000 money orders to pay Tesla.

I suppose if I did that I could make money orders to myself and deposit them in checking and then deal with Tesla later when checking gets high enough. At least then I don't have to hand a wad of money orders to the delivery specialist or mail a wad of money orders (no store within 200 miles of my house so I'd be getting a delivery).

What do you want to bet that I'd get a call from a postal inspector, FBI, or local police asking why I'm buying so many money orders?

I don't have a reservation so I've got time to shift funds around (and time for BTC and/or BCH to rise in value).

For that low of a conversion fee It'd get money from Bitpay to my checking account and back to paying my mortgage.

If and only if USPS will accept a visa card to buy the money order. Still I'll give it a shot. Easy to just do $1,000 and see what happens.

 

[SageBrush]

I'd have to get 9 at a time from the post office

In the olde days when the US government was only paranoid and not batshit insane, transactions below $5,000 were not hounded. You might want to ask the USPS employee what the 'below the radar' amount and frequency is these days, unless you don't mind an amusing telephone call from some authority or another.

 

[mrongey]

I'm hoping XRP will go up in time for me to use it for a nice down payment. I could right now, but I don't want to spend more than 10% of my stash.

 

[timk225]

I have 0.2 BTC in my trading account and 3 Avalon 741's humming in the basement, slowly adding to my stash of BTC. The price would have to go pretty high for it to be enough to pay for my 3.

I first found BTC in late April 2013 from a CNN Money article, have thoroughly researched it since then, and DAMN what I wouldn't do to have gotten in very early on it!

www.historyofbitcoin.org

 

[cpa]

You may wish to familiarize yourselves with Title 31, USC.

 

[thecloud]

You may wish to familiarize yourselves with Title 31, USC.

Section 5331 defines the reportable transaction amount as $10K. However, IANAL and much of the code is full of vague language like "a denomination or amount which the Secretary (of the Treasury) shall prescribe," so I'm sure it can vary based on context.

 

[ulrichard]

If everybody goes to Tesla and asks them if you can pay the car directly with Bitcoin, they might realize that there is real demand.

 

[SageBrush]

If everybody goes to Tesla and asks them if you can pay the car directly with Bitcoin, they might realize that there is real demand.

About 7.6B anybodies still unaccounted for