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Author Topic: [2014-04-04] Over 5,000 Litecoins Used to Buy Tesla Model at Dealership  (Read 1352 times)
Ripdon007 (OP)
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April 05, 2014, 12:33:17 AM
 #1

nice to see litecoin being used for its true purpose!!

https://coinreport.net/gocoin-dealership-litecoins-car/

I mine my bitcoins at https://www.directpool.net ### I get my bitcoin news fix at https://coinreport.net
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April 05, 2014, 03:40:27 AM
 #2

Tesla Motors is a futuristic technology company based out of the United States, that specializes in luxury electric vehicles. They are known to be some of the best technologically advanced rides out there.

An auto dealership based out of Tustin, California says it sold a Tesla Model S P85 to a customer for for 5,447 litecoins. At the time of the purchase, the litecoins were said to be worth around $90,000.

I want one Smiley

bryant.coleman
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April 05, 2014, 04:45:05 AM
 #3

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!
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April 05, 2014, 12:10:42 PM
 #4

Should be in alt coin section if it's not about Bitcoin.

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

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April 05, 2014, 12:12:58 PM
 #5

Should be in alt coin section if it's not about Bitcoin.

Right now, LTC is going at $11.15.

A total of 5,447 LTC were used for the purchase, that means $60,734.

But the purchase was done when the LTC was at $16.5. That means that the buyer avoided a loss of $30,000!

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

The article says the were worth $90,000 and used a payment procesor called GoCoin.
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April 05, 2014, 12:17:59 PM
 #6

Just goes to show the risk involved with dealing in crypto. I wonder what The company did with them or whether they used some sort or payment processor?

The car dealers immediately converted the coins to cash using Gocoin. So there were no losses to them.  Grin
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April 05, 2014, 11:07:28 PM
 #7

cool, he bought it with the silver of the cryptoworld  Smiley

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April 06, 2014, 11:08:48 PM
 #8

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously
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April 07, 2014, 12:58:57 AM
 #9

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

bryant.coleman
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April 07, 2014, 04:46:58 AM
 #10

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Most of the websites which had used LTC has shut down. Examples are Atlantis and LTC-GLOBAL. It has lost its independent status, and right now Litecoin is just another altcoin.
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April 07, 2014, 05:51:54 AM
 #11

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Most of the websites which had used LTC has shut down. Examples are Atlantis and LTC-GLOBAL. It has lost its independent status, and right now Litecoin is just another altcoin.

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It doesn't hurt bitcoin at all man be quiet and relax. Denying the fact the litecoin A FACT won't help yourself to see the whole scenario of cryptos. Also dogecoin are growing up. And namecoin have a bright future. And peercoin. And several others.

Cheers brother.
bryant.coleman
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April 07, 2014, 05:57:34 AM
 #12

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It is. And Litecoin is a parasite which leaches off the Bitcoin.
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April 07, 2014, 07:51:05 AM
 #13

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Really? Don't think something similar can't happen. Likely not that much % gains but still...lol

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April 07, 2014, 08:06:13 AM
 #14

Really? Don't think something similar can't happen. Likely not that much % gains but still...lol

Bitcoin went from $0.0008 in 2010 to $1,200 in 2013. What about that?
zakalwe
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April 07, 2014, 08:09:37 AM
 #15

"It's just another altocoin". Sure. Congrats for the fine analysis lol.

It is. And Litecoin is a parasite which leaches off the Bitcoin.




No parasite, just synergetic........
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April 07, 2014, 08:24:35 AM
 #16

IT is nice to see litecoin is doing fine Smiley

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April 08, 2014, 05:58:47 AM
 #17

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

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April 09, 2014, 09:22:55 PM
 #18

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.


Woulda coulda shoulda...sometimes trusting your gut instinct works out well for you.

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bryant.coleman
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April 10, 2014, 06:06:59 AM
 #19

Ouch! Don't remind me. I was all set to send $1000 of bitcoin to btc-e to buy LTC at 6c, but held back because btc-e seemed a bit too dubious. FFS, learned a lot since then.

I agree. In 2013, BTC-E seemed to be the most unreliable Bitcoin exchange. The real identities of their owners remain unknown, and their support staff are unable to reply in English when support tickets were raised.

But now in 2014, BTC-E seems to be the most trustworthy exchange.  Grin
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April 10, 2014, 09:33:30 AM
 #20

Wow! Should we expect the rise of the Litecoin? seems that it's going to take a big place in the market jointly with bitcoin! We'd better to take litecoin more seriously

Too late:
Last year LTC went from 6 cents to $50 USD

It all depends on btc's price. If it goes to 1000$ ltc will follow to 40-50$ at least.
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