Spending bitcoins on a car. Car depreciate while Bitcoin appreciates.

[bitcoinsc]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

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[biskitop]

it's like the story of someone who bought pizza using bitcoin when the exchange rate was still low, so don't be surprised if a few years later the price of bitcoin will be even higher.

[Jating]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

The fact that you are willing to buy a car using bitcoin as payment system or as a form of money is already a positive thing to do. But if you treat your bitcoin as form of investment then that dilemma sets in.

But if I'm given the choice, specially if I really needed a car, then I will used my bitcoin and not regret even if the price goes to the moon. There are also cases when let's say you buy bitcoin at a cheap price and then the price skyrocket, making you tons of money, then you buy a car, it's already a win-win situation for you.

[awik p]

with high volatility, it makes a separate consideration from the seller or buyer to use bitcoin as a transaction tool. I guess basically you won't know where the price will be, by buying at that time it's certainly legal. if you think of it like a pizza seller, at that time BTTC was not worth it, and now it's soaring, of course it's fortunate to be on the seller's side

[Capt00]

If you are willing to buy a car just buy for it using Bitcoin, it's your choice whether you held or just own a car by your Bitcoin right. If there is another option as a payment, use your fiat instead Bitcoin there's no problem there if you know how Bitcoin volatility is. Bitcoin is very profitable in holding long term and patiently wait at the right time but if are hurry in buying a car in your Bitcoin why not.

[ufaiz50]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

In terms of economic management, it is a careless act considering high crypto fluctuations, unless you have a lot of bitcoins that can be exchanged with dozens of these cars, but still for me it's not worth, if anyone thinking about story with pizza buyers, I emphasize that the conditions are different now.

[zhekinsp]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

Car is a liability so it is not going to make any cashflow into your side,it also causes money going outside from you so you need to buy a car when you have enough assets on your side.Bitcoin maybe considered as a asset but there is no assured return so just understand the risk and decide what you need liability or an asset.

[davis196]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

That's why you have to buy a really cheap "second hand" car.Buying a brand new and expensive car with bitcoin is madness.
Just use fiat money for such purchases.It's not a big deal.

[Muzika]

it's like the story of someone who bought pizza using bitcoin when the exchange rate was still low, so don't be surprised if a few years later the price of bitcoin will be even higher.

this might be the famous bitcoin story, but still dont waste a good coin in the market specially when you want it to spend for a leisure, the best way to counter this kind of market is to trade ang hold for sure when the time comes that the price raise up again you will earn it.

[munareal]

Bitcoin is created as a means of payment but the demand for it has made it into a store of value. Using your bitcoin to buy a car that will depreciate is satisfying the demand for it. It is just like changing the bitcoins into fiat currency to buy the car.

[joniboini]

There is no way to judge the decision based only on "bitcoin will rise, car value will decrease". In real life, it's much more complex than that. Some people already mentioned time preference, sometimes people choose to look for short-term happiness instead of long-term or vice versa. It's quite difficult to maintain the balance of this time preference, but in general, the more wealth you are, you'll be able to choose to invest in long-term (hold your Bitcoin) instead of short-term gains (buying a car).

Anyway, even if you buy a car, you can still use it as a tool to get money such as renting your car. While this might not give you crazy return (add that with this depreciation of the value of a car), at least you can sustain your life without risking too much, like when you hold Bitcoin and wait for the bull run.

[canadian33]

You need to understand that the price of Bitcoin is not stable. Therefore, you should not be surprised if in 1-2 years it turns out that the price of Bitcoin is 5-10 times higher than it was.
It is necessary to evaluate risks everywhere. This can save a lot of money.

[talkbitcoin]

if you start thinking like that in your life then you will die of starvation! because anything that you buy may depreciate over time while if you held on to your "money" you could have still have your money and save your value. for example if you don't eat lunch today you can save up the money that you normally spend on launch every day and keep the money instead and become richer!

[figmentofmyass]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

it's all about opportunity cost. what if you need a car to make big bucks commuting to a faraway job?

there isn't enough historical price data to know for sure if it's EV+ or not. it really depends on timing. if you sold near $20k to buy a car, it wouldn't look so bad right now!

[Google+]

spend bitcoin that you have only for cars it seems that is a step that is not good because by buying a car then you will take care of the car tax every year and surely you will make you become out of money you have, you better still make bitcoin and multiply bitcoin you do trading.

[NeuroticFish]

Just use fiat money for such purchases.It's not a big deal.

* Some do get income as Bitcoin and want to cash out.
* Some may need badly a new car (the old one is broken beyond repair).
These are 2 possible use cases for buying a car now for Bitcoin.

When Bitcoin price is high, it's a good way to cash out the investment gains.

There are plenty of use cases for buying a car for Bitcoin. Bitcoin has to become a mean of payment. That's what it was designed for. If everybody will just HODL, we can tell that we misunderstood Bitcoin.
So no, don't "just use fiat money for such purchases".
Better: "Do as you think it's better for you, but keep in mind that Bitcoin is very under priced now (imho!) and maybe the car can wait until Bitcoin price goes up."

[Oilacris]

Having a car is an asset but it will depreciate in the future while bitcoin is an investment asset which will appreciate in the future. Instead of buying things that you don't need right now, why not invest it on bitcoin so that after 3-5 years your investment will give you an enough money to buy a new car. Don't just buy things that you don't want right now because it will going depreciate in value in the future.

[susuberuang]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

you better use the bitcoin that you have to buy property so you will use the bitcoin capital that you have for the property business so that from there you will be able to get more profits.

[Oceat]

Investing in cryptocurrency is way more profitable than spending it on any luxurious items that don't increase price in the future. Teenagers usually tend to buy luxurious things than thinking about their future. I think it is because of the fame that they wanted so much but they never know that fame comes with a price.

[trader34]

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

Well, if you buy a car you don't (usually) buy it for an investment, but as a good to use because you need it. And using bitcoin to buy the stuff you need is always a good thing, because it is the first step for mass adoption!