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Author Topic: Most BTC you've spent on something?  (Read 1264 times)
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July 28, 2022, 05:36:02 PM
 #21

With Bitcoin we can buy something more valuable including luxury goods of various types but I don't remember how much Bitcoin was spent but most of it was converted to fiat to make it easier for me in any transaction.

When the moment of bitcoin in late 2017 was the moment when it reached ATH, I think at that time I had earned more bitcoins and spent on necessities for other consumers, but if I remember buying things now, the results are from bitcoin.

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July 28, 2022, 05:43:27 PM
 #22

This is a cruel question, it makes me remeber back in 2015 when i spend 3.2 BTC in a used car:


The bitcoin price at that time was close to $430/coin so, i should wait a lil more and get a Ferrari with those 3 BTC.  Grin

I never expect to see bitcoin going to the moon, but it was a nice lesson to learn and a hard to swallow pill.
I'm sad to hear that because actually 2 years later [2017] you might be able to own a new car for $64K which is assumed to be $20K per unit of that bitcoin.
But I bet you never mind about how you spend btc to buy a car back then because you really think it's to support its use case as currency.

In my case, no. I haven't been able to spend my bitcoins to buy goods or services. I keep it as a future investment asset and I probably won't be trading it until $100K is hit in the next few years. I can imagine a new car in front of the garage, it is something that will probably come true as a result of my investment in bitcoin at this time.

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July 28, 2022, 05:49:51 PM
 #23

Among the things I bought with bitcoins, my car was my most expensive purchase. Unfortunately, I spent most of my bitcoins on gambling.
I'm not sure if gambling falls under consumer services, though.  Wink

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July 28, 2022, 06:41:10 PM
 #24

I'm not sure if gambling falls under consumer services, though.  Wink
I personally do not regard gambling as a consumer service, gambling can be considered as a form of trading since one can lose or profit from it, just same way it is with crypto currency trading.
I think what's classified as a consumer service is - for example
Buying a physical item, like you bought your car, house, etc.
Or paying for a service either online or offline, this can range from school fees, electricity bill, hospital bills, your internet subscription, transportation etc.

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July 28, 2022, 06:46:11 PM
 #25

Not much here in my end, it is around $50 worth of Bitcoin if I can recall it. I really needed parts for my PC so I used my Bitcoin to purchase that part, specifically RAM. I cannot recall which website I bought from but hey I got a great deal.
I wish more popular shops like Shopee would implement that payment method though.
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July 28, 2022, 07:00:33 PM
 #26

This is a cruel question, it makes me remeber back in 2015 when i spend 3.2 BTC in a used car:


The bitcoin price at that time was close to $430/coin so, i should wait a lil more and get a Ferrari with those 3 BTC.  Grin

I never expect to see bitcoin going to the moon, but it was a nice lesson to learn and a hard to swallow pill.

I also bought a car with my BTC, but it was last year, in 2021 and it wasn't 100% BTC. My wife paid most of it from her own savings and the rest was BTC. The total price of the car was around 16k EUR and maybe 7k of it was bitcoin. The price I sold bitcoin at was somewhere around 50k USD. The car was a Volvo V40 and we still have it.

Mi biggest BTC purchase that I paid for 100% in BTC was a computer setup that I bought from Amazon using BTC gift cards. It was 2019, I paid ~2k EUR at @9k EUR per BTC. I'm using this PC today, it didn't break and it didn't get old.

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July 28, 2022, 07:07:51 PM
Last edit: July 28, 2022, 07:27:07 PM by NicNacCoin
 #27

What's the most BTC you've ever spent on something? Must be a consumer product or service, etc.

What was the date and price of BTC at the time?



I bought an pickup for my brother with a bitcoin when the price of bitcoin was $11k.The time was August 2020 At that time I had many dollars with which I bought an pickup for my brother Because I thought bitcoin was going to dump more and since then bitcoin has been going up When Bitcoin peaked I thought if I had Bitcoin today I could buy a few pickup 🛻. I had a lot of thoughts then and I regret it till now However, if everything is not in front of the forehead, nothing is possible.

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July 28, 2022, 07:29:02 PM
 #28

Back in 2015, or maybe at the end of that year, the price of a bitcoin was not more than $500 as I remember and I bought a computer for about $1,000, which is equivalent to 2 bitcoins. Too bad it didn't take a month until that computer was stolen from me and that bitcoin was all I collected from mining. Then I had to sell the mining machines to get another computer.
Honestly, I don't want to remember that fateful incident.  Smiley
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July 28, 2022, 07:57:45 PM
 #29

$100 worth of btc for an online service around 2018 or so (bad at keeping date) it was my first and last transaction with btc directly. i didn't really take note of what btc was trading for at the time as was too excited to pay with btc. the experience was great but i would rather have those btc in my wallet though since every sat matter. Grin
Maybe someday i will buy a physical item with btc from my local store, that will be fulfilling.

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July 28, 2022, 10:16:08 PM
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 #30

In bitcoin terms, 1.4 bitcoins for a business plan and mvp execution (first the plan, but then also the website for it) but if we are talking about just the dollar terms, I paid 800 dollars for a huge name brand company to make me a logo (which I ended up not using at all) and it didn't even turn out that great, they ended up doing something way too confusing which later on didn't really took me much to see why I didn't like it.

All in all, when I spent that 1.2 btc, I didn't know btc would be this big, it was just a few hundred dollars, and I am glad to pay 800 for the logo, because since then btc went down a lot, and I can pay the same 800 to buy more btc now.

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spectre71
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July 28, 2022, 11:39:30 PM
 #31

Couple of USD grand worth of steroids for personal use.
GreatArkansas
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July 29, 2022, 12:24:24 AM
 #32

I spent some amount of Bitcoin before on an online game. It's on Steam, funding my steam wallet and using it to buy some in-game items on Dota 2. I think it was around 2017-2018, that time Steam had another mode of payment for Bitcoin but after a while, they stop accepting Bitcoin because of volatility and high transaction fees before.

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July 29, 2022, 12:40:05 AM
Merited by BitcoinBarrel (1)
 #33

One of the generous expenditures that I have ever made was to use 0.1btc for a month's accommodation. I remember that was around the beginning of 2019. That makes me always remember the behavior of assets in the market. In fact, we always have better lessons at each different stage, and also a more positive view of the money we used to hold. As everyone knows, with 0.1 BTCC, I paid for a month's accommodation, and now it can help me pay for up to several months of rent:)). It is truly one of those very generous moments that I will never forget.

SUGAR
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lienfaye
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July 29, 2022, 12:51:13 AM
 #34

This is not much but IIRC the most BTC that I have spent is during the bull of 2017, I bought a couch worth $200 and the price of Bitcoin that time is $19k. I take profit to enjoy some of my earnings. I didnt regret buying and spending my Bitcoin even the price later on increase because its a useful thing that until now giving us comfort. Aside from that I was able to use some of my earnings to renovate our province home back then.

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July 29, 2022, 01:31:37 AM
 #35

This is probably minute according to some, but I went to bitrefill and bought a gift card for the Nike store and bought my son an outfit for school. $70. I had the money but wanted to try bitrefill just to say I did it. then I was like, "what did I just do?" I just spent $70 on an outfit with bitcoin. In a few years that $70 will be $140+, oh no!!! Yep, I regret it. To me that was a wealth transfer for an item that does not appreciate when I had the garbage fiat to pay for it. Curiosity satisfied. lol
Smack That Ace
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July 29, 2022, 03:04:32 AM
 #36

I don't keep records of it because if I need money and have to convert my bitcoins to fiat, I just send it straight to my bank account and then use it to buy consumer products or services. I often do that when I don't have money to buy daily necessities or food. I also don't see the bitcoin date and price but I guess at least I sold my bitcoin at the time the price got a green candle and it's still a good price to sell bitcoin.
Likewise, I do not do this often, every time I need to do some shopping and in case I don't have fiat money or in my bank account, I am in the habit of converting crypto assets to fiat for payment, rather than looking for other payment options. This saves me unnecessary trouble. I also prefer anonymity when it comes to holding bitcoins or other crypto assets.

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July 29, 2022, 04:27:15 AM
Merited by BitcoinBarrel (6)
 #37

I bought a 5btc equivalent motorbike in 2016 and the btc price was still around $400. The total was around $1855 and it was my first experience using btc (although it had to be converted first) to buy the vehicle I needed. and a few months later I also bought a gaming laptop equivalent to 3btc.
a lot i can buy when i have btc at that time, and btc price is still very low. maybe if it was held until now i would be able to buy more stuff.

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July 29, 2022, 06:44:47 AM
Last edit: July 29, 2022, 06:59:10 AM by G_Besar
Merited by BitcoinBarrel (10)
 #38

I spent most of the BTC (about 0.6 BTC) I got last year to buy a simple house unit where at that time the price of BTC was still in the $60K range and also a little renovation in it which I did gradually through the results of trading that I do regularly. And this is something I have to be grateful for now that I have managed to get what I wanted in the past. Also I have mentioned this on the topic What can 1 Bitcoin buy in your country? Hopefully this year I can get even better through BTC.


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BitcoinBarrel (OP)
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July 29, 2022, 02:14:28 PM
 #39

I spent most of the BTC (about 0.6 BTC) I got last year to buy a simple house unit where at that time the price of BTC was still in the $60K range and also a little renovation in it which I did gradually through the results of trading that I do regularly. And this is something I have to be grateful for now that I have managed to get what I wanted in the past. Also I have mentioned this on the topic What can 1 Bitcoin buy in your country? Hopefully this year I can get even better through BTC.



Great timing, congrats on your home  Smiley



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bitzizzix
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July 29, 2022, 03:14:16 PM
Merited by BitcoinBarrel (2)
 #40

My experience and story for the first time making transactions using bitcoin here https://bitcointalk.org/index.php?topic=5401052.0

and at the time, if I'm not mistaken, the price of bitcoin was still around $20+, and that was a completely accidental and unexpected occurrence.

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