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meddlepal | 5 years ago

Hard to imagine anyone but Bitcoin true believers doing this. It’s basically throwing money away if BTC continues going up

discuss

toomuchredbull|5 years ago

Bitcoin true believers are the ones who wouldn't do this because they believe it will keep going up.

BoorishBears|5 years ago

Why? Don't true believers believe BTC has use besides being an unregulated speculative vehicle? So they'd love the normalization of buying something as major as a car with it?

Or are we just admitting that pretense is gone with the wind and now "true believer" refers to the HODL crowd?

meddlepal|5 years ago

BTC true believers believe its a currency not a speculative asset you hold and it magically appreciates in value.

purple_ferret|5 years ago

Why, then, would you buy a tesla and not bitcoin? A car only depreciates in value.

robjan|5 years ago

If you need a car, you need a car. I don't think anyone sees them as an investment other than "an investment in being able to get from A to B on one's own terms"

akmarinov|5 years ago

They won't be converting BTC purchases to fiat currency, so no throwing away of money.