Quote from: avp2306 on Today at 12:42:16 PM

Quote from: Lucius on Today at 10:15:31 AM

Quote from: coolcoinz on October 03, 2023, 03:01:51 PM

I agree that Honda isn't really a luxury brand, but I'd say it is good news. Maybe not so big, but we need some of that positivity.
Even if this was some small Chinese brand that I'll never buy, I'd be happy because this goes in the news and people read about it. IMO it's a matter of time before Tesla accepts it again.

I'm not saying that the news isn't good, but far from anyone needing to get too excited about it, because we see from past similar events that people are simply not interested in using Bitcoin as a means of payment. Such news has had almost no impact on the market before, and I doubt that it will have any impact now, either in the short term or even less in the long term.

In a year or maybe less, the news will appear that Honda has decided to remove that option, either because someone will suggest that Bitcoin is "harmful to the environment" or simply because no one will use that payment method. It sounds pessimistic, but unfortunately it is the reality.

Even if that news is quiet not creating any hype still its good since its can be consider as another greats step towards huge adoption. Honda is big company so most provably the cryptocurrency acceptance they have done will create some noise to those crypto mentioned and high chance that other competitors will look at it then add this as their accepted currency. We shouldn't always look at the price impact since what Honda do can affect good for bitcoin and Ethereum for long term.

Yeah, it's going to be a slow phase though, but someone has to start somewhere, and it's good that Honda started this trend. And maybe when we are in a bull run, there could be more going to accept Bitcoin and any other crypto for that matter.

Quote from: avp2306 on Today at 12:42:16 PM

We don't know what will happen to it yet and if bad times happen or no demand created towards their adoption then they might remove that but if there sales increase due to huge numbers of cryptocurrency users pays using crypto then for sure they pursue this adoption.

We really don't know what the future will bring, so it's a wait and see moving forward. But we all know that Bitcoin is moving ahead, specially that we will have the halving next year. So it might create more hype and again, not just Honda, there could other sector as well who will adopt crypto as one of their payment methods.