mrongos
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July 26, 2021, 02:11:26 PM |
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any kind of car can be bought in your country using bitcoin, but in our country you are not allowed to buy a car using bitcoin, exchanging bitcoin for fiat currency is very difficult, in your country buying something using bitcoin is allowed, but unfortunately in my country the government has not allowed us to buy using bitcoin, if i can be accepted in your country i think i want to move to your country..
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herurist
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July 26, 2021, 04:04:14 PM |
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After reading this thread, I realized that I had made a mistake and needed to look for more news so I wouldn't be left with up-to-date information. a few minutes ago I only found out that only Tesla implemented a system by buying a car with bitcoin but after reading this thread I just found out that a lot of sports and luxury cars can be bought with bitcoin. thanks to the op for opening my eyes as this is the latest knowledge i know. but even so I don't intend to exchange my assets just for a car
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xSkylarx
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July 26, 2021, 04:12:17 PM |
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for now maybe we can't make transactions in buying cars using bitcoin because our country bitcoin is still not adopted by the government to make buying and selling transactions as is done by several countries in the world with many of these countries legalizing bitcoin as a medium of exchange legitimate ones like we can buy a car using bitcoin, so we need to be patient for the upcoming processing time
Similarly, in our country, bitcoin is becoming more popular, whereas previously only a few people were aware of it, leading to increased adoption of bitcoin, as well as government and bank discussing about it. Unlike in other countries, there are small businesses and physical stores that accept bitcoin; I also saw a bitcoin ATM, which we do not have in our country. Agreed, time well tell, mostly third-world countries are adopting bitcoin as a payment method, and those other countries will accept it in the future. Buying a lambo with bitcoin is fantastic! I heard about this news in 2016, and we thought it would never happen, but they are now accepting bitcoin!
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7788bitcoin
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July 26, 2021, 07:47:37 PM |
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~ Similarly, in our country, bitcoin is becoming more popular, whereas previously only a few people were aware of it, leading to increased adoption of bitcoin, as well as government and bank discussing about it. Unlike in other countries, there are small businesses and physical stores that accept bitcoin; I also saw a bitcoin ATM, which we do not have in our country. Agreed, time well tell, mostly third-world countries are adopting bitcoin as a payment method, and those other countries will accept it in the future. Buying a lambo with bitcoin is fantastic! I heard about this news in 2016, and we thought it would never happen, but they are now accepting bitcoin! I have used Bitcoin ATM in the past but i am not happy with the fees and there is no point in using them when you can purchase them with ease using exchanges and i never used them after that. Third world countries accepting Bitcoin can be a prime time news but what changes will it make to the ecosystem is to be seen. If i am planning to purchase a car, i might influence the car dealer to accept Bitcoin so that it can be a huge advertisement for him and his showroom .
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Pmalek (OP)
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July 27, 2021, 05:45:46 PM |
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why most.people are reluctant.to talk about bitcoin maybe because they don't understand or because there.are many rejections from various countries.against bitcoin, maybe that could.be one of them.therefore if.this happens.it's not just a car that can.be used to buy bitcoin even there.are so many other examples.that can.be used to buy something but at this time we still can't.use it.we just need to wait for time for it.to hopefully.happen Dude, you forgot a full stop at the end of your last sentence! I don't remember the last time I saw someone write the way you do. You do know you have a spacebar on the phone/PC you are using right? this information is very helpful, and I hope there will be additional updates to the list of shops that provide car payments with bitcoin Sure, it remains one of the things I can update sometimes in the future. But I also welcome other users to chip in and share what dealerships they know of that accept crypto payments for cars. a few minutes ago I only found out that only Tesla implemented a system by buying a car with bitcoin but after reading this thread I just found out that a lot of sports and luxury cars can be bought with bitcoin. To be precise, Tesla and Musk no longer accept bitcoin. After his successful manipulation and hype scheme, he decided to remove bitcoin from the accepted payment methods.
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retreat
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July 27, 2021, 07:31:24 PM |
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maybe many people will do this if.the company wants.to accept bitcoin as a means.of payment to buy a car, but for now we need a lot.of patience.to do this because in.my country the government has.not released.bitcoin as a legal currency in.Indonesia. my country, if.the government had.relieved.it then I would.have done that to buy a vehicle
I also come from Indonesia, actually without the government having to ratify Bitcoin as a legal tender you can still buy a car with Bitcoin here, using the P2P system, you contact someone who sells his car with a payment agreement using Bitcoin directly. but car sellers and buyers using Bitcoin are very rare here.
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KennyR
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July 27, 2021, 07:31:51 PM |
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Majority of the car dealers accepting bitcoin is from USA. Few stores from Japan, London and one from Switzerland is being added on the post. This means the wide usage of bitcoin is felt much on the different states of USA than rest of the world. Similar level of acceptable need to be found on the global scale.
When Lambo ?
In an article read about a person buying Lamborghini with bitcoin. This happened few years back. He bought a property in exchange for bitcoin and due to the bullish trend and it's volatile nature he was to pay less bitcoin in terms of USD compared to the amount for which he had agreed. With the profit out of the volatility he bought a Lamborghini with the bitcoins left.
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Fatunad
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July 27, 2021, 07:39:22 PM |
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Majority of the car dealers accepting bitcoin is from USA. Few stores from Japan, London and one from Switzerland is being added on the post. This means the wide usage of bitcoin is felt much on the different states of USA than rest of the world. Similar level of acceptable need to be found on the global scale.
When Lambo ?
In an article read about a person buying Lamborghini with bitcoin. This happened few years back. He bought a property in exchange for bitcoin and due to the bullish trend and it's volatile nature he was to pay less bitcoin in terms of USD compared to the amount for which he had agreed. With the profit out of the volatility he bought a Lamborghini with the bitcoins left.
When it comes to adoption and acceptance on some merchants then it might not be on full scale but we can really make out some comparison in numbers between years or literally on early years compared to the present which does signifies that we are really heading there but dont expect much that we would really be going in full adoption because some people would still prefer on using fiat and also we do really think off that bitcoin is much more worth to hold or simply making it as a speculative asset which is good for long term.
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dificanovi
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July 29, 2021, 02:49:57 PM |
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Thanks for giving us useful information. However, I live in a country where using bitcoin to purchase goods or cars is prohibit. Therefore, no company wants to against the government or they will be punished immediately. If I had a chance to live in the US or the EU, I would spend my bitcoin to own a car to show my empathy to bitcoin fans among the world.
I guess many people will prevent me because of the potential of bitcoin and I might regret once the price of bitcoin increases higher. But actually, I do not care at all
In my country there is no car showroom that accepts bitcoin as a means of payment, even though the government in my country does not prohibit using bitcoin but the shops in my country are not ready to accept bitcoin as a means of payment, the reason is because the price of bitcoin is unstable so they prefer to accept real money.
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AakZaki
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July 30, 2021, 05:18:07 AM |
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Only car companies in developed countries adopt bitcoin or accept Bitcoin as payment. in developed countries or countries that still do not accept bitcoin, buying a car with bitcoin is still not possible. Regulations applied in some developing countries such as my country Indonesia, are only for commodity trading and are not allowed as legal payments. What I know is that only Tesla accepts Bitcoin, but Tesla stopped accepting bitcoin in advance for the reason that Bitcoin is too wasteful to use the fuel used by bitcoin miners. Tesla will receive bitcoins back if the energy consumption of bitcoin miners is 50% clean and environmentally friendly.
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so98nn
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July 30, 2021, 05:58:18 AM |
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Cool, wondering how we missed these dealers? This is very informative post and could help anyone who is having lot of BTC and want to spend the same on big investments like cars. If we have so many Car Dealers accepting the bitcoin then it does mean we have amazing opportunities ahead. Just imagine a scenario, going into the car shop and scanning the wallet code to send few bitcoins, and you are all caught up. I would go when the bitcoin price is at its ATH. That won't make much difference but in terms of Bitcoins, I will need to spend lesser amount isn't it?
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Xampeuu
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July 30, 2021, 07:30:12 AM |
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I didn't know that there are some services that accept Bitcoin I thought Tesla was the first car related service that accepts Bitcoin as a mode of payment, it's nice to see that some services or car business accepts Bitcoin as a mode of payment. So it's true to say that you can buy Lamborghini with Bitcoin.
I also just heard that Tesla accepts payments with bitcoin, unfortunately it's just a game. Of course we are happy if we can buy a car with bitcoin, hopefully later many things can be bought with bitcoin. Unfortunately I haven't seen a bitcoin solution for small payments. hopefully in the future bitcoin can be used for payments in various fields of business
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leea-1334
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July 30, 2021, 12:02:03 PM |
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in certain countries indeed all types of cars can be bought with bitcoin, because in certain countries already know about bitcoin and the price of bitcoin, but there are some countries don't buy a car with bitcoin, exchanging bitcoin to fiat currency is difficult, that's how I feel at my country,, because the government in my country still forbids bitcoin in my country..
Right,,, so name me one country where you can buy all cars with Bitcoin, except El Salvador,,, which I am still not sure anyone can pay a car dealer in Bitcoin even though the law now allows it! I mean sure it is a nice dream to have but let us be real and accept that this dream is still just yet a dream.
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Pmalek (OP)
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July 30, 2021, 06:55:17 PM |
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Right,,, so name me one country where you can buy all cars with Bitcoin, except El Salvador,,, You can't buy a car with Bitcoin in El Salvador just yet. It is true that El Salvador has decided to make bitcoin legal tender, but that won't come into affect before September according to many sources I remember reporting about the country's crypto adoption. This is an experiment and if it's proven to be successful, I am sure many other nations will follow suit.
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gundala
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July 30, 2021, 09:45:59 PM |
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This kind of adoption does have a pretty good impact on the development of bitcoin, as a real function in the financial sector. especially for car transactions which in fact can be considered expensive and luxurious items, require large amounts of funds, rather than worrying about bank administration which is quite complicated, using crypto is simpler and faster. However, this is constrained by state regulations, most countries do not legalize payment transactions other than the official currency in that country. Right,,, so name me one country where you can buy all cars with Bitcoin, except El Salvador,,, You can't buy a car with Bitcoin in El Salvador just yet. It is true that El Salvador has decided to make bitcoin legal tender, but that won't come into affect before September according to many sources I remember reporting about the country's crypto adoption. This is an experiment and if it's proven to be successful, I am sure many other nations will follow suit. if the decisions taken by el salvador can have a positive impact, I also believe it will be a good step for the bitcoin ecosystem in the future.
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TelolettOm
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July 30, 2021, 11:20:50 PM |
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other companies do not believe in bitcoin if they understand bitcoin they will also take Tesla but that will happen someday many companies will accept bitcoin.
I don't understand what you are trying to say. But if some companies don't accept Bitcoin, they should have some reasons. Probably they are still afraid about the legality to use Bitcoin and the future of Bitcoin as the digital currency. However, more companies have become aware that Bitcoin should have a good future and exist for a long time. We cannot blame those companies who still don't accept Bitcoin, just let them decide it themselves.
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Pmalek (OP)
Legendary
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Playgram - The Telegram Casino
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July 31, 2021, 06:18:48 AM |
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However, this is constrained by state regulations, most countries do not legalize payment transactions other than the official currency in that country. That's why we have a number of quality crypto payment processors which immediately convert your bitcoin and other digital coins into fiat the moment the payment is sent. The seller pays in crypto and the merchant receives his payment in a traditional currency. Everyone is happy. Check out BTCPay Server, Blockonomics, Bittery, etc. They even accept payments over LN, although buying a car over LN is really the best thing to do. I don't understand what you are trying to say. But if some companies don't accept Bitcoin, they should have some reasons. You make it seem like most companies in the world accept bitcoin, but in fact it's the other way around. The reasons why they aren't can be anything: fear of volatility, no regulation, self governed, lack of interest or willingness to set up a wallet and configure crypto payments...
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randegibran
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July 31, 2021, 08:37:20 AM |
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every company will definitely be competing to provide the best possible offer to consumers for a progress for their company engaged in the automotive sector.for example the company wants to accept bitcoin to make buying and selling transactions on a vehicle. I think what they have done it is a very appropriate step with the acceptance of bitcoin as a transaction tool to buy a vehicle in their company, this will at least make an advantage for both parties to get an ease in doing business
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haasanjui
Member
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Activity: 434
Merit: 11
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July 31, 2021, 10:34:37 AM |
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Tesla cars can be purchased by bitcoin only. You can pay thorogh Bitcoin by its initiate payment and exact price of Bitcoin indicated on the payment webpage with Bitcoin price window. You also can buy car by USDT value.
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leea-1334
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July 31, 2021, 12:08:29 PM |
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Right,,, so name me one country where you can buy all cars with Bitcoin, except El Salvador,,, You can't buy a car with Bitcoin in El Salvador just yet. It is true that El Salvador has decided to make bitcoin legal tender, but that won't come into affect before September according to many sources I remember reporting about the country's crypto adoption. This is an experiment and if it's proven to be successful, I am sure many other nations will follow suit. So there it is,,, you still cannot buy a car in the one country that has made it possible to do so for everyone. And this is what I mean,,, even with full regulations there are still missing two crucial ingredients to make this sort of thing possible. 1st the facilities to make such payments and 2nd the ability of regular consumers to be earning Bitcoin.
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