Most people, maximalists, see it as digital gold. You don’t use it to buy stuff. You sell it at the market rate and buy stuff with the proceeds.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Most people, maximalists, see it as digital gold. You don’t use it to buy stuff. You sell it at the market rate and buy stuff with the proceeds.
I actually don't understand why Tesla does not offer alternative payment methods for at least domestic supercharging sessions. Most countries have some payment mechanism for that that is cheaper than a credit card (possibly even free as an already included service in a standard banking account). I tried to email (LOL) Tesla in Germany to get that set up, but never heard back from them. For comparison my Amazon account has six payment options (of which I actually use two)....
Yes, looked into it and didn't realize Bitcoin costs had gone up so much!
Looks like Dogecoin would be better for small purchases, transaction cost around 1 Doge, so on $20 it would be about 1/4%
2daMoon
Mostly Harmless
I'm not clear on which "it" you are referring to. BTC (the tradable shares) or Bitcoin Wallet (used for conducting transactions).
Or, are you saying that I can buy BTC shares through Fidelity and purchase things with a Bitcoin Wallet that takes the coin from the BTC shares held in a Fidelity account?
This is what I feel is the difference between "BTC shares" and "Bitcoin Wallet holdings." They are not the same thing, yet folks seem to be conversing as if they are.
The US doesn't consider Bitcoin a currency.
Frequently Asked Questions on Virtual Currency Transactions | Internal Revenue Service
Buckminster
Well-Known Member
You can't buy bitcoin on the stock market. GBTC etc. just track bitcoin.
Krugerrand
Meow
Huh. Mom’s been holding out on me. She’s not psychic, she’s been studying TA. *****!
The Bitcoin posts are diverging away from being relevant to TSLA. Make sure it doesn’t become a general bitcoin discussion.
If you can figure out why is that heavy yellow metal can’t be divisible,can’t send it anywhere in minutes,can be Confiscated by authorities and worth almost $2000 an ounce right now then you should figure out what value of bitcoins is! It’s not a currency. it’s a storage of value just like gold.
ByeByeJohnny
Active Member
Correct. But the more it's accepted as payment the more you can argue that it is a currency. Which is the end goal since currencies is normally not taxed.
Never mind that everyone holds them as 'investment' and not for payments.
Can't believe I'm discussing bitcoin in this thread. Spent a month finetuning twitter to get rid of as much as possible of that talk there.
Actually mods. More Teslas have already been paid for in Norwegian kroner than will be paid for in bitcoin the next 10 years. Way more than $1.5b in Norwegian kroner has been held for periods of time than what is now held in bitcoin.
Three posts about the valuation and merits of Norwegian kroner in this thread and there would be a ban on that discussion. Please ship all of this to a separate thread.
Tasha Keaney of ARK was just on CNBC. Bullish as usual on Tesla. I think she said autonomous ride hailing will be a $3T business within 5 years. If so, that is crazy. I’ll have to double check once the segment is posted on their website later today to make sure I heard right.
Yup, it's terrible as a currency. However as it's worth more, those who held are more willing to part with their real currency.
Most will not trade their Tsla shares to buy Tesla either. However as their paper gains increase, they are more likely to justify spending piggy bank money on a Tesla.
2daMoon
Mostly Harmless
Reinforcing how Bitcoin shouldn't be spoken of as a currency until it is traded on the FX.
It is a private alternative payment system, akin more to "Ithaca Hours" or a similar functioning exchange system than it is to currency.
I don't see any problem with Tesla holding a small stake in it, particularly if it has potential for gains, or, could be useful for expanding transactions.
Buckminster
Well-Known Member
WSB predictably are losing interest in GME - my diamond hands may still payoff..
Posted 14 hrs ago on WSB - positive on TSLA:
https://www.reddit.com/r/wallstreet...a_4tryr_tam_800b_total_value_is_gonna_double/
With almost 9m degenerates - these get a a lot of views! This is just the beginning.
Posted 14 hrs ago on WSB - positive on TSLA:
https://www.reddit.com/r/wallstreet...a_4tryr_tam_800b_total_value_is_gonna_double/
With almost 9m degenerates - these get a a lot of views! This is just the beginning.
Serious question...If we cannot control Battery technology, and we are setting up 2 new gigafactories, are we concerned if one of the many new Battery start-ups come up with a new battery technology that is much better than what we currently have and what we are planning as we have already committed resources to our current Giga set up. There is so much capacity coming on stream over the next few years and the Europeans will be building their own plants funded by the EU, Should we be somewhat concerned?
Nice win today TSLA
Season (YTD) record 16-9
Season (YTD) record 16-9
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