1000 Bitcoin: The World's Most Expensive Prius

[Baofeng]

https://www.youtube.com/watch?v=AfVndN2kbCA

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. 

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[Ayiranorea]

https://www.youtube.com/watch?v=AfVndN2kbCA

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. 

That's truly expensive, but the person who bought the prius by that time is really appreciable. 2017 made a big change on the crypto market. He had known well about that bitcoin has value, because very few have thought of buying a car with bitcoin. This is something similar to the costliest pizza sold.

[Malam90]

The person who bought car in 2013 didn't know that what will happen in future(2017). If he knew, he would have waited for 2017 but it is reality for many of people who bought and sold in profits. Those who hold their Bitcoin got huge profits in 2017.

[Kakmakr]

Let's analyze this type of thinking. Let's say the price dropped to $10 ….would this guy be stupid to sell those bitcoins to buy the Prius? No, he would have had a asset that he would have been able to sell for a huge profit. I constantly buy Assets/Property/Gold & Silver with some of my bitcoins, because I do not have any guarantees that Bitcoin would succeed in the future.

I always hoard 80% of all the coins that I buy, just in case it does succeed in the future.    < Important - Buy back those coins, when the price drop again.>

[bitbollo]

Even in 2013 there was a big pump at the end of the year (around Nov 2013) very similar to 2017 pump.
One Btc changed the value from 200$ to 1200$ in few months.
At that time for the first time even mainstream media start to talking about bitcoin!
Maybe this can seems expensive with the values of each btc today, but is not, since in these years the value was pretty different from nowadays.
Personally I have also taken a car with btc (exchanged in cash on Jan/2018).
Right now it was a bargain offer but I am pretty sure with same amount of btc one day I can buy even a Lambo!

[mrdeposit]

Let's analyze this type of thinking. Let's say the price dropped to $10 ….would this guy be stupid to sell those bitcoins to buy the Prius? No, he would have had a asset that he would have been able to sell for a huge profit. I constantly buy Assets/Property/Gold & Silver with some of my bitcoins, because I do not have any guarantees that Bitcoin would succeed in the future.

I always hoard 80% of all the coins that I buy, just in case it does succeed in the future.    < Important - Buy back those coins, when the price drop again.>

You are absolutely right. It was unknown how the price would move. Compared to today's price, situations seem the same. What would you do if you owned 1000 BTC? Would you still hold when everyone said ''the price would go to 1000''? At least, I would sell half.

[aoluain]

It also depends on how he got the bitcoins, if he earned them rather than
bought them well buying something physical like a car in his view was a
worthwhile thing to do. Its all perception so i wouldnt get too hung up about
whether it was smart or not.

[XCANA]

https://www.youtube.com/watch?v=AfVndN2kbCA

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. 

Let's be factual my able comrade, hodl for Five years is not as easy as we profess even those of us who have been here longtime ago. We all know that Bitcoin is an industry of long term investment but who can wait for Five years in HODLING? is it easy?. Though he could have bought Lambo if he excises patience until 2017 but let commend him for judicious used of the fund to buy Toyota Prius.

[Tamilson]

Let's analyze this type of thinking. Let's say the price dropped to $10 ….would this guy be stupid to sell those bitcoins to buy the Prius? No, he would have had a asset that he would have been able to sell for a huge profit. I constantly buy Assets/Property/Gold & Silver with some of my bitcoins, because I do not have any guarantees that Bitcoin would succeed in the future.

I always hoard 80% of all the coins that I buy, just in case it does succeed in the future.    < Important - Buy back those coins, when the price drop again.>

Damn yes, unless you don't believe on your coin, it's better to cut lose early yet ofc bitcoin is different story.

Buying cars or other stuff that depreciate is not a good thing especially you buy using bitcoin. Imagine how much now that car versus bitcoin. Well, I'll do the other way around, if I have a car, I'll sell it and buy bitcoin. That's more wise I guess. ;b

[Jating]

It also depends on how he got the bitcoins, if he earned them rather than
bought them well buying something physical like a car in his view was a
worthwhile thing to do. Its all perception so i wouldnt get too hung up about
whether it was smart or not.

If I got it right, he says in the video that the invested around $3K in 2013 so I guess we can't say that the did a wrong decision. And besides he says he uses the car to travel across cities so I'm sure he has somewhat get the returns for his investments back them.

So we really can't judge the guy, we can probably appreciate what he did early on, and I'm sure he learns some investments lessons as he says in the end of the video.

[tippytoes]

If I'm not mistaken, at the end of the video he said how he got the money to buy that prius. He borrowed and made money out of it, so he bought a car from that. So basically, he said he didn't regret buying it because it's like a freebie from his loan.

[Becky666]

If I'm not mistaken, at the end of the video he said how he got the money to buy that prius. He borrowed and made money out of it, so he bought a car from that. So basically, he said he didn't regret buying it because it's like a freebie from his loan.

Yes, at the end of that videos the guy showed high level of smartness as he got the money invested from borrowed loan. Actually he should be commended, instead been seen as impatience fellow. Borrow without debt incurement in this industry should be praise, he could have bought Lambo according to OP but still utilize his opportunity.

[dothebeats]

Well if the dude who bought the Prius is still proudly using the car, I can say that it has earned its merit for being 'that' expensive. Besides, no one really knew what the price of bitcoin will be in the next 4 years. Also, if the dude's happy with his purchase then so be it. Everyone here telling the same thing to wait, but at that given moment, it was the best deal he could get so props to the man actually buying something with bitcoin.

I've always wanted to buy something good for my bitcoins, but it seems that I'm too clingy to the investment side of things that the most expensive thing I ever thought were Jalapeno sauces from Cali. :/

[o_e_l_e_o]

He makes a very good point at 1:54 in the video. He essentially says to avoid cashing crazy gains and "to the moon" type nonsense (most altcoins). He acknowledges that bitcoin can give good returns, but only because it has a very "stable foundation" - i.e. a working product and a real world use.

The money he invested in to bitcoin which eventually let him buy the Prius was borrowed. He invested at $10, and when it hit $22, he paid back the loan and bought the Prius, so he pretty much got a free car out of it. Although it paid off for him, borrowing money to invest in bitcoin (or anything for that matter) is generally a terrible idea.

Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well.

He definitely has plenty of money. He has even spent a bunch of money on customizing the Prius, and he talks about how he pretty much exclusively uses bitcoin in his day-to-day life.

[BurgerCash]

Could have been 20 lambos instead.
But I'm sure this guy didn't spend his last 1000 bitcoins on the car, he most likely did spend and replace so he's a multimillionaire now.
Thanks for the adoption you brought, Prius driver.

[jojohamasa]

https://www.youtube.com/watch?v=AfVndN2kbCA

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. 

It is really tragic for him
He must have been shocked by 2017
But who knew  BTC would visit the moon
Also, you must bear in mind that he bought the BTC.

[ralle14]

It is really tragic for him
He must have been shocked by 2017
But who knew  BTC would visit the moon
Also, you must bear in mind that he bought the BTC.

If you watched the video he didn't regret spending 1000 BTC on a Prius. He did invest because of the loan and all of the BTC used to buy the car came from his profits.

Although it paid off for him, borrowing money to invest in bitcoin (or anything for that matter) is generally a terrible idea.

I agree it was very risky on his part. He's lucky Bitcoin's price doubled when he made that investment decision. If someone did the same decision today or last year they would be at a huge loss.

[traderethereum]

https://www.youtube.com/watch?v=AfVndN2kbCA

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo. Although in the video you will see the Prius side by side with his Lambo so I think this guy really did make a lot of money in bitcoin in 2017 as well. He also talk about the lessons he learn from investing in bitcoin. 

It is really tragic for him
He must have been shocked by 2017
But who knew  BTC would visit the moon
Also, you must bear in mind that he bought the BTC.

I am sure it is not tragic for him IF he is super wealthy because what is the meaning of 1000 btc to him?
He still has another btc or money in his bank account, and I am sure that in the other days, he will buy another expensive product.
I think he wants to make people amazed with what he did so his name can get popularity among the people.
But if I were him, I will save that btc in my wallet and only waiting when the price can increase as in 2017.

[pooya87]

that title is wrong on so many levels.
this is not an "expensive" purchase, this is just a purchase. he bought it at a good price at the time with appropriate amount of bitcoin. and that shows that he has understood what bitcoin is created for (to be a currency not something you hoard) and that is something that sadly many people still don't get.

[jseverson]

Here is a video of a guy who bought Toyota Prius back in 2013 with 1000 BTC. If you could have waited for a bit, specially in 2017, we could have been a Lambo.

Lol well if you think about it, two pizzas from 2010 could have been 10 Priuses just 3 years later. It's crazy how fast Bitcoin is appreciating.

I wonder how safe it is to come out with your identity and say that all your money is in Bitcoin though, considering all these past incidents of using violence to steal them. It's great that he's doing well, but he better be careful. I also hope people don't get any ideas taking out loans to buy Bitcoin because that's a really great way of either getting a new car or losing your house.