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Author Topic: Finally, I Bought Something With Full Payment In Bitcoin.  (Read 647 times)
Franctoshi
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July 05, 2022, 10:06:02 PM
 #21

Congratulations to you mate on using BTC to purchase a bike,  just almost like my own story I shared recently here how I used Bitcoin to pay for my ride.
I think people are becoming more aware of Bitcoin more than we think , even to the extent my Dad recently asked me what is this Bitcoin I always talk about use for?, and how they use it?,  that he often sees the advertisement on television whenever he's watching Business news, So whenever I have time he will be very much interested to know, That is to show how fast Bitcoin is growing in terms of popularity. Therefore our efforts here and outside the forum aren't for waste.

R


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July 05, 2022, 10:59:35 PM
 #22

Congratulations to you mate on using BTC to purchase a bike,  just almost like my own story I shared recently here how I used Bitcoin to pay for my ride.
I think people are becoming more aware of Bitcoin more than we think , even to the extent my Dad recently asked me what is this Bitcoin I always talk about use for?, and how they use it?,  that he often sees the advertisement on television whenever he's watching Business news, So whenever I have time he will be very much interested to know, That is to show how fast Bitcoin is growing in terms of popularity. Therefore our efforts here and outside the forum aren't for waste.
I have bought some things which do came from my crypto investment although it not specifically talking on spending it directly or paying directly on crypto form but rather its been converted from crypto to fiat
before i do make out a purchase.Not all places on the world does have available stores nor does have merchants which do resides around you which you can possibly do make out  some direct purcahse.
Some do still hesitate on doing so and rather spend their fiat than with their precious coins which its not something surprising yet even myself i do save as much as i could because we know the
chances and the opportunities that you could really get in terms of profits in long term aspects and thats the real beauty of dealing with crypto.

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July 05, 2022, 11:12:15 PM
 #23

Man, what you have accomplished is just definitely amazing! It is one of those dreams that every BTC HODLer wants to aim- purchasing something that is relatively expensive but extremely useful to their end by using BTC as payment.

Just to share you my experience, I am also saving most of my BTCs as I am currently looking for a dealership in purchasing my first ever car. Due to transportation conflicts and hassle in my country, having a car is purely for convenience rather than a necessity. I have estimated that it will take me around ~8 months for me to purchase my car but what you shared definitely inspired me to do better and HODL my coins.

R


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July 06, 2022, 04:48:18 AM
 #24

This is one of the aspects of bitcoin that gets overlooked and should continue to gain more traction as this is not just only a good sounding hypothetical but also is real life.  How many times has the centralized bank let down or put you in a pickle with no recourse- they were closed, not so useful customer service, mandatory 24 hour waits or longer?  How many times has bitcoin let you down in the same scenario?  I would say many for option 1, centralized bank and none/0 for option 2, bitcoin. 
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July 06, 2022, 08:08:09 AM
 #25

Nice!  If this helps better your life it is no doubt a great purchase.  I nearly made a similar purchase back in 2015 (or somewhere around there).  A member of this forum had a Harley for sale and I wanted it so I made an offer.  I believe he was asking somewhere around 75 BTC and I offered 69 BTC for it.  We haggled a little bit but eventually couldn't come to a deal.  This year I purchased an all electric motorcycle (Sondors Metacycle) for around 0.08 BTC.  I'm glad I got lucky and was able to dodge a bullet there.
Price down from 75 to 0.08 🤣
But I think in 2015 it was the reality to spend 75 BTC. You could spend the btc and buy them back with the cash you had. But not buying it was of course a good decision. Right now I would not mind paying a dealer using crypto. But I will not touch my cold wallet. I will buy crypto first with the cash, then will pay.

If I was in OP's situation then I would pay the dealer because of all issues with the bank. Close the deal first then I would buy bitcoin back the bitcoin without waiting for another hour.

<snip>
Congratulations brother. It's heart warming 😘

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July 06, 2022, 08:26:36 AM
 #26

Good to see this happened for you to buy something with bitcoin. Buying stuff with bitcoin was great for the first time and this happened to me around two years ago in the summer, I remember I got some profit from my long-term bitcoin investments and due to the temperature in my room I bought a new ait conditioner for my self I was really good whenever I see a real thing and first thing I bought with my own money I invested on bitcoin and even after these years still seeing this simple air conditioner feels amazing to me and motivates me to believe in bitcoin.

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July 06, 2022, 08:26:41 AM
 #27

This is one of the aspects of bitcoin that gets overlooked and should continue to gain more traction as this is not just only a good sounding hypothetical but also is real life.  How many times has the centralized bank let down or put you in a pickle with no recourse- they were closed, not so useful customer service, mandatory 24 hour waits or longer?  How many times has bitcoin let you down in the same scenario?  I would say many for option 1, centralized bank and none/0 for option 2, bitcoin. 

To be honest I never had issues with banks letting me down. Sometimes I waited longer for a BTC transaction to clear Smiley

Also Paypal could have worked in this situation. Even bartering for Silver/Gold or other things

Just want to say we shouldn't overestimate the advantages in P2P payments. Ok it's decentralized but that's not bringing that much to me in day 2 day life Smiley

It's basically just another type of barter. If this guy was into comics it could have been a comic.

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July 06, 2022, 09:05:24 AM
 #28

Qlink 150cc, good purchase for your daily commute. I often used to think of buying required things cashing out bitcoin. Most of the time it gets postponed for some reason and I used to loss it gambling.

Some have mentioned that it is the wrong time to buy, because of low market price of bitcoin. Maybe when price increases, what you've spend on the bike makes it more expensive.

According to me, when you've decided go for it unlike the market trend.
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July 06, 2022, 10:47:35 AM
 #29

What a great story! I have had several similar stories with hassles with my Bank and even some times where I had to resort to paying for food with Bitcoin when my Bank temporarily closed my account ===> because they found out that I was trading bitcoins via an exchange with my account. (early days)

Satoshi said it best in his "White Paper" ===> "Alternative payment option" ....so when other payment options fail you, you have something that you can fall back to.  Wink

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July 07, 2022, 10:20:11 AM
 #30

Man, what you have accomplished is just definitely amazing! It is one of those dreams that every BTC HODLer wants to aim- purchasing something that is relatively expensive but extremely useful to their end by using BTC as payment.

Just to share you my experience, I am also saving most of my BTCs as I am currently looking for a dealership in purchasing my first ever car. Due to transportation conflicts and hassle in my country, having a car is purely for convenience rather than a necessity. I have estimated that it will take me around ~8 months for me to purchase my car but what you shared definitely inspired me to do better and HODL my coins.
Well, not all btc hodler wants to spend their btc especially on an expensive thing because that would slow their progress of accumulating more bitcoins but all must have another reason on why they buy and hodl because they can't just do it forever as that won't make sense.

Still, they may not use their btc to buy an expensive thing but they may use it to avail a service, like for example; medication and education. Good for you that you will buy a car because you think it will help you while some buy expensive things for an unimportant reason like they just want to show off. 8 months seems not really a long wait but you could have your car in a much earlier time once btc pumps unexpectedly.

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July 07, 2022, 11:55:31 AM
 #31

Congrats and great story! Hopefully, I'll bump for a random good stranger that's also into bitcoin about purchasing to his/her store and will pay in bitcoin.
Whether we're in a bear market or not, if there's really a need to spend our bitcoins for important things that will make our lives easier, it's okay to spend it. I've been there and thought of that it was a mistake but that was put into good use.

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July 07, 2022, 01:08:18 PM
 #32

An excellent story that inspires all cryptocurrency owners with hope for a better future. I am sincerely happy for you that you were able to buy your first real product with Bitcoin. Of course, this is a very important event for you and everyone who was able to read your story, as well as the owner of BTC. I am sure that now everyone will be able to do the same as you, namely, use BTC to buy real goods. I am also sure that many will want to become holders of BTC, since it has real proof of real use. I am glad that I was able to read your story, because it also encouraged me to start buying BTC.
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July 07, 2022, 01:28:47 PM
 #33

Nice!  If this helps better your life it is no doubt a great purchase.  I nearly made a similar purchase back in 2015 (or somewhere around there).  A member of this forum had a Harley for sale and I wanted it so I made an offer.  I believe he was asking somewhere around 75 BTC and I offered 69 BTC for it.  We haggled a little bit but eventually couldn't come to a deal.  This year I purchased an all electric motorcycle (Sondors Metacycle) for around 0.08 BTC.  I'm glad I got lucky and was able to dodge a bullet there.
If he could have planned or predicted the future of Bitcoin then he would not have used it in his Bitcoin then. Now with that bitcoin he could make a few motorcycle showrooms he he

However, if Bitcoin had not been used in this way before, Bitcoin would not have gained so much value.  And it would not have been so popular. So I think using Bitcoin for different purposes is good for Bitcoin.  This increases the trust of users towards Bitcoin.

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July 07, 2022, 02:01:46 PM
Last edit: July 07, 2022, 02:16:22 PM by taufik123
 #34

this will certainly be an amazing experience in your life and the motorbike you buy with Bitcoin payments will be a memorable motorbike, maybe you can put a sticker on the motorbike "Buy With BITCOIN" it will be very cool.

In my country, Indonesia, transactions like this will not be allowed due to regulatory problems. Because the only valid means of payment is Rupiah, nothing else. When you want to buy a vehicle such as a motorbike, you must first exchange Bitcoin to rupiah and the transaction is done in Rupiah.
Can't really do full transactions with Bitcoin.
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July 07, 2022, 03:05:19 PM
 #35

Won't be the first nor last time we'll be seeing stuff's like this honestly. Seen the use of Bitcoin at a gas station, Bitcoin used for a ride Bitcoin used to get pizza and Bitcoin used for donations.
Congratulations OP thanks for sharing and I wish you all good with your new ride. Bitcoin indeed helps in times when banks are no where to be found.
If such would make Bitcoin gain much value I'd really appreciate it.

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July 07, 2022, 03:08:49 PM
 #36

Very interesting story op.

In the past, there's this crypto exchange in my country that also partnered with the many big companies. It allowed its users to use bitcoin as payments for mobile loads, gaming cards and bills like electric, water and internet. And I used it many times too, mostly for mobile loads. It's a shame they stopped it probably due to new government rulings on crypto currencies.

Last year when Axie Infinity became a trend. I saw a lot of sellers in my country that included slp as another payment option for their stuffs like bags, beauty products and even cars.

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July 08, 2022, 02:45:02 AM
 #37

damn, what is the bike brand are u in a Southeast Asia country, here in Indonesia is forbidden to buy something with crypto but it would be great if this story happen to my story haha.

On the other hand, crypto was really helpful to me when back a couple of years ago I didn't have a bank that have VISA or MasterCard Logo so I can't even buy things outside the country or pay service like Virtual Private Server. after Crypto payment become popular I buy VPS on Vultr Buy Hardware Wallet in Safepal buy VPN Surfshark is all of it using crypto and it was smooth  Grin i hope there is more merchant that accept crypto as payment

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July 08, 2022, 03:32:05 AM
 #38

That's a nice one. People usually buy something small before they try spending a lot to buy something with bitcoin. You were lucky that guy was willing to accept bitcoin as a method of payment or I guess it was you who was able to convince him to accept bitcoin since the price was low. But did you sell (exchange) your bitcoin at a loss? Or did you buy during the dip and then exchanged it for the motorbike? And why did you pay him more than what was agreed?

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July 08, 2022, 04:22:42 AM
 #39

The nice thing about your experience is that you have as a Bitcoin enthusiast dude. You think there is a problem with your bank account and you are told that it will be resolved in 24 hours, then in a flash when you ask the person assisting you if he is willing if you pay Bitcoin, he agrees even though he hesitated at first but in the end he still trusted what you said and was happy to transfer Bitcoin to the address he gave you. You both helped each other from what I saw in your story.


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July 08, 2022, 07:23:40 AM
 #40

Congrats and great story! Hopefully, I'll bump for a random good stranger that's also into bitcoin about purchasing to his/her store and will pay in bitcoin.
Whether we're in a bear market or not, if there's really a need to spend our bitcoins for important things that will make our lives easier, it's okay to spend it. I've been there and thought of that it was a mistake but that was put into good use.
I think I know something like this personally. I mean it is "technically" not the same because it was a factory type of stuff. I do not know what it is called in English, it is not like a huge factory, but it is like a small shop type of place, like literally size of a decent size room, like a room and not a whole factor, but things are made there, with machinery etc. And a person bought that place for bitcoin as well.

This was like a small shop that made fake jerseys basically, like a jersey place but for made up teams instead of real teams and for many kinds of sports as well, from soccer to football to baseball to hockey and so forth. That was quite surreal, love it.

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