1000 Bitcoin: The World's Most Expensive Prius - page 3.

Kakmakr

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Quote from: Tamilson on February 24, 2019, 04:12:32 AM

Quote from: Kakmakr on February 24, 2019, 03:28:38 AM

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. Grin

< 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

No, you totally misunderstood the point of buying that car. You buy "things" with value, to hedge against a situation where Bitcoin might fail in the future. Having all your eggs in one basket, is definitely a huge risk and you hedge against that by buying goods that you can sell, if something terrible goes wrong. Tongue

People still need to buy "things" with bitcoins or this whole network of merchants will collapse. Wink

kaya11

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You are only making it worst for him to accept the fact, I hope he doesn't read your post. Who knows whatever he will be doing this time of the day. Every one makes mistakes, even I myself have regret the fact that I sold my coins early. So we just have to accept the truth and get over with it.

KingScorpio

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Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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. Grin

us economists recommend to leave out of stocks and out of bonds,

this means basically that all evaluation in usd, will become pointless and meaningless soon.

i doubt anyone cares about the bitcoin whales pumping their "bitcoins"

jseverson

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Quote from: UserU on February 24, 2019, 10:45:29 PM

The two pizzas story was legendary. I'd be damned if another crypto is able to reach that price level of BTC.

Well if we're talking Prius for 1000 BTC levels, it won't be difficult for alts at all. Priuses are worth like $23,500, which means some random coin only needs to reach $23.50 apiece to be able to buy one for 1000 units. ETH is worth like 6x that level, and it's only been 4 years for it. I know direct comparisons of crypto unit prices is a gross simplification, but I'm just saying that crypto as a whole has gone pretty far.

But yeah, looking at that it's pretty hard to fault HODLers for trying to make money off crypto lol. Dude in the video was even asked if he regretted his purchase, when he only used Bitcoin the way it was meant to be used.

UserU

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Quote from: jseverson on February 24, 2019, 10:37:30 PM

Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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.

The two pizzas story was legendary. I'd be damned if another crypto is able to reach that price level of BTC.

jseverson

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Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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.

pooya87

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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.

traderethereum

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Quote from: jojohamasa on February 24, 2019, 06:51:12 PM

Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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. Grin

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.

ralle14

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Quote from: jojohamasa on February 24, 2019, 06:51:12 PM

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.

Quote from: o_e_l_e_o on February 24, 2019, 06:34:39 PM

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.

jojohamasa

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Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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. Grin

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.

BurgerCash

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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.

o_e_l_e_o

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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.

Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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.

dothebeats

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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. :/

Becky666

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Quote from: tippytoes on February 24, 2019, 04:26:56 AM

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.

tippytoes

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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.

Jating

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Quote from: aoluain on February 24, 2019, 03:53:25 AM

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.

Tamilson

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Quote from: Kakmakr on February 24, 2019, 03:28:38 AM

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. Grin

< 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

XCANA

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Quote from: Baofeng on February 24, 2019, 02:28:15 AM

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. Grin

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.

aoluain

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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.

mrdeposit

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Quote from: Kakmakr on February 24, 2019, 03:28:38 AM

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. Grin

< 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.

Topic: 1000 Bitcoin: The World's Most Expensive Prius - page 3. (Read 16731 times)