Quote from: midaslordes on June 19, 2021, 12:03:15 PM

Quote from: ijeb on April 19, 2021, 06:28:36 PM

Hello everyone!

So with the hype around crypto that Elon Musk is creating and with the news about possibility of acquisition of any Tesla car with crypto, comes my question:
Would you buy a Tesla with BTC or ETH? Aren't we going to regret it? In future, will this turn to an event similar to "Bitcoin Pizza Day" where people will be sayin that someone spend a whole BTC or 10 ETH for a car Huh

?

Even Tesla is a well known and unique car brand I would definitely not gonna swap my hodlings like BTC, ETH and any other cryptocurrencies for it because I know that this kind of car will go old and its value will depreciate after a long run while my hodlings price can go up and get me richer after a long run.

Who knows how exactly OP meant the question, but from that perspective it is just a question of judgement whether I believe that my crypto might drop or increase or stay where it is. I don't think it is so much about a specific product. If I have crypto available and I want something else of value, I just do the maths right?

If it is can I have one Tesla or one Bitcoin, well that's a bit different. But generally you should make careful considerations at some point because the time will come where it is smarter to get rid of at least some of your cryptocurrencies instead of holding them forever. In the end it stores value and gives you freedom in making financial decisions. It is therefore rather unlikely that holding Bitcoin until your death makes a whole lot of sense.