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RE: AskLeo - Would You Buy a Tesla With BTC?

in LeoFinance4 years ago

Hmm, that's bait. Give me your digital gold and I'll give you a cool product. But in the end, I'll hold the digital gold when it moons, you'll still hold the same product, which in time needs maintenance and drops in value as more are produced and newer models come out.

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Same reason I wouldn't buy a Tesla with BTC, but for the ones hodling tens of them or hundreds it would probably make sense.

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And so it begins the massive transition of bitcoin from retail's pockets to corporations.

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It has already begun with the Grayscale and Microstrategy. We're excited about the price though and forget the fundamentals and for what it has been created while handing it over to financial institutions. Many have sold at $20,000 imo waiting to buy back at $14,000-$16,000

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It's actually different, I believe. Because I'm not sure buying stuff with bitcoin at corporations that will just store it, will drive the price up. Unless we consider that brings more confidence, so more adoption.

Many have sold at $20,000 imo waiting to buy back at $14,000-$16,000

That must've hurt.