Aviatrade accepting BTC as payment for $40 million Gulfstream private jet

Gozie51

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Quote from: Oshosondy on September 14, 2020, 05:03:57 AM

There was a time bitcoin was not accepted in the world, but gradually because of bitcoin decentralized nature, people were able to accept it many years ago, and after its first trade in 2010, the rate of its adoption increased. This kind of news do surprise before before but not anymore because bitcoin is now known world wide. The best we can only expecting is that bitcoin will be more used in the world. There are many countries and organizations that are now friendly to bitcoin. Bitcoin has been the promising future coin.

The growing rate of bitcoin use is getting all the place. You are right to say it wasn't much in use earlier. Most countries are now into blockchain education because of the bitcoin revelation.

glowing10

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I'm not sure that many people can afford such expenses. Rather, this is a publicity stunt, and it is unlikely that anyone will take advantage of this opportunity.

Highly seems to be marketing gimmick and do not anticipate that finally if the deal happens it would happen via bitcoin payment. But if the news yields any positive assurances among the people in the world than it is better as bitcoin will continue to remain in the main steam for longer period of time and this may have some impact as well in people with regards to buying bitcoin.

(o)(o)ilikeboobs(o)(o)

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Quote from: imstillthebest on September 16, 2020, 03:46:46 AM

Quote from: (o)(o)ilikeboobs(o)(o) on September 16, 2020, 03:35:14 AM

Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method.

i didnt know that fiat is now an asset . almost any business can accept btc and when i say almost any , that includes big and small.

its not about the money how much they have but its the passion or love for it , these people are like us and wants to help the awareness of cryptos . this is also an easy way for them to acquire btc and they can save fees than compare to buying a btc online .

FIAT is considered a stable asset, man. It helps companies or corporations maintain stability and flexibility when making any investment deal.
I don't think multibillion-dollar corporations love crypto. They only love money and they will do whatever they can to make a profit. Bitcoin could be the new target they are aiming for.

kryptqnick

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Quote from: Yaunfitda on September 14, 2020, 03:00:12 AM

Quote

Aviatrade just introduced a new payment platform for its aircraft inventory allowing buyers to pay with any kind of cryptocurrency and the first plane available for purchase with the virtual money is a Gulfstream G650ER that just came on the market. The six-year-old plane has spent time in New Zealand and Asia but is now returning to its birthplace at Gulfstream's headquarters in Savannah, Georgia as it undergoes routine inspections and awaits a new owner.

https://www.businessinsider.com/gulfstream-g650er-can-be-bought-with-bitcoin-for-40-million-2020-9

So Aviatrade is willing to accept BTC as payment for this luxurious Gulfstream G650ER, with notable owners like Jeff Bezos and Elon Musk. It will be interesting to hear as whether some whales are willing to purchase or even big time gamblers or billionaires willing to buy it in BTC.

This is a very narrow use case of Bitcoin, and surely Bitcoin could be accepted more largely as a payment for flight tickets. They are usually quite costly (okay, maybe it's not a great option for lowcosters, but it's fine for others), so even when Bitcoin fees are around a few dollars, it's a fine deal. I am not sure if Bitcoin accepted in cafes or in supermarkets can make sense in the future, but average cost plane tickets are expensive enough for the fees not to matter, and buying a ticket is usually something people do in advance, so the transaction does not have urgency.

wanted sliter

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It seems that the influence of bitcoin has reached corporations and companies. Microstrategy recently purchased $ 175 million in Bitcoin to add to its fund, and Aviatrade is now accepting bitcoin payments. It is possible that bitcoin is the current trend of the whole market, not only investors, institutional investors but also large companies that are accepting bitcoin and maybe they will hoard bitcoins in the long term.

https://thenextweb.com/hardfork/2020/09/16/satoshi-nakaboto-microstrategy-buys-another-175m-in-bitcoin/

imstillthebest

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Quote from: (o)(o)ilikeboobs(o)(o) on September 16, 2020, 03:35:14 AM

Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method.

i didnt know that fiat is now an asset . almost any business can accept btc and when i say almost any , that includes big and small.

its not about the money how much they have but its the passion or love for it , these people are like us and wants to help the awareness of cryptos . this is also an easy way for them to acquire btc and they can save fees than compare to buying a btc online .

(o)(o)ilikeboobs(o)(o)

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Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method. Other large businesses may pay more attention to bitcoin and accept it as Aviatrade does today. Great news for the bitcoin and crypto community.

MCobian

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This is interesting news and definitely has a lot of media coverage, although not many people can afford a Gulfstream private jet.
But this news has gone viral everywhere, and this information comes from reliable sources. So it will increase investors trust in Bitcoin.
So this is a positive thing for the promotion of Bitcoin, although actually I would prefer companies or merchants that accept payments of
around $ 1- $ 1000, which is more affordable for many people. So mass adoption can really happen.

pixie85

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Quote from: avikz on September 14, 2020, 06:46:29 AM

Billionaires have a very different mindset than the common people. They usually don't exchange a potentially profitable asset against a depreciating asset. Bitcoin has a very high profitability potential whereas the private jet will only depreciate in value over time.

I am sure no billionaire will buy this private jet using bitcoin as a medium of exchange. They would rathe use cash from their bank account.

You're right it's a very dumb way to spend money. Even if you had millions of dollars having a jet is not like having a car. You can't put it in a garage and drive it on Sundays.

A jet has to be stationed and fueled at an airfield. They charge a lot of money for this. You need pilot license that costs a lot of money and you need maintenance checks. Washing a Jet is not like washing a car same as changing wheels or any other parts when they break. You need to go through a checkup every time something is fixed so that your plane won't blow up in the sky and rain fire on some town.

You will spend a million usd on a plane and another million in bills over the next few years.

milewilda

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Quote from: Jating on September 15, 2020, 12:14:15 PM

Quote from: Lucius on September 14, 2020, 07:29:28 AM

Quote from: Jating on September 14, 2020, 05:37:51 AM

~snip~

There are people for whom this is not a large amount (around 385 BTC), and we are talking about those who mined in the first 4 years when the reward per block was as much as 50 BTC - so just one block per day makes 1500 BTC per month. It’s also not just a matter of someone not wanting to spend their BTC, but maybe the point is more that they don’t want to compromise their safety or maybe pay taxes.

There are thousands of sellers who accept BTC as a means of payment, but people don't really use it - but you probably mean some big players like Amazon, which again wouldn't mean that everyone will pay with BTC even if it becomes available.

Unless those early miners really hold on their bitcoin, because I'm guessing they already sold off when the price hits $300 or even $1k as they really don't expect it to grow this big.

The thing though with this luxuries (cars, yacht and in this case luxury jets) is that you also need to take care of them, so maintenance is a must. And perhaps a couple of millions again every month, so I think only billionaires could really afford such luxuries in life.

Its understandable that you would be considered rich if you do able to purchase these luxury thing and maintenance cost? Its already part of the consideration before you do make such decision on buying it.
Its impossible that you wont just think of it before you do buy some stuffs if you do able to maintain it when it comes to those repairs and other things.Its good to see that big companies now are
trying to adapt and accept crypto into their payment which is an advantage for those crypto users who do tend to purchase such luxury things but i doubt that people who had tons of coins
will waste up and rather use fiat instead directly.

goldade

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This is a great news for the crypto community. This shows that Bitcoin is gradually gaining adoption in the mainstream world. I could remember there was a time bitcoin could not be used for any purchases but now can even be used to buy luxury goods.
Aviatrade accepting BTC will help to further increase the adoption of of bitcoin in the mainstream world. When people realize they can even purchase luxuries with bitcoin, they'll trust it and eventually adopt it as a currency for payment of goods and services

Jating

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Quote from: Lucius on September 14, 2020, 07:29:28 AM

Quote from: Jating on September 14, 2020, 05:37:51 AM

~snip~

There are people for whom this is not a large amount (around 385 BTC), and we are talking about those who mined in the first 4 years when the reward per block was as much as 50 BTC - so just one block per day makes 1500 BTC per month. It’s also not just a matter of someone not wanting to spend their BTC, but maybe the point is more that they don’t want to compromise their safety or maybe pay taxes.

There are thousands of sellers who accept BTC as a means of payment, but people don't really use it - but you probably mean some big players like Amazon, which again wouldn't mean that everyone will pay with BTC even if it becomes available.

Unless those early miners really hold on their bitcoin, because I'm guessing they already sold off when the price hits $300 or even $1k as they really don't expect it to grow this big.

The thing though with this luxuries (cars, yacht and in this case luxury jets) is that you also need to take care of them, so maintenance is a must. And perhaps a couple of millions again every month, so I think only billionaires could really afford such luxuries in life.

Emitdama

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Imagine that someone should buy this Gulfstream using Bitcoin, it’s really going to go viral and the media is going to spread it. Will be a good thing because it will help to increase the rate of adoption for bitcoin. So it’s going to be a good news, and I can’t wait to see that happen.

Quote from: Oshosondy on September 14, 2020, 05:03:57 AM

The best we can only expecting is that bitcoin will be more used in the world. There are many countries and organizations that are now friendly to bitcoin. Bitcoin has been the promising future coin.

Yeah, sure it has become a normal thing this time around, I can remember back then when Bitcoin was still new the kind of excitement we get from news like this about Bitcoin being accepted for a product. I can remember the one of the guy that bought pizza using Bitcoin how it went viral to the extent that the crypto community is always celebrating it every time.

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Quote from: fiulpro on September 14, 2020, 10:11:54 AM

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

If both parties are the same crypto enthusiasts the buyer and the seller, why not. Both of them should know how Bitcoin transaction works and what is the safe wallet to keep their Bitcoin. This scenario is very common, buying a car, house, and this aircraft using Bitcoin with thousands of bucks in equivalent. These sare both risky to them, either there's someone who will have shenanigans move during meetups for the payment method. You might be scammed or steal your Bitcoin and forcibly get by them.

From time top time, big transactions like this that buying property might be commonly practiced by those businessmen who always a huge transaction and using Bitcoin with having transparent transactions is the best choice as long as both of them pay taxes.

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Quote from: stompix on September 14, 2020, 08:46:17 AM

More like they are trying to sell an aircraft nobody wants and they have found a way to advertise it pretty cheap, I doubt they even thought it's possible to sell it for bitcoins, but thanks to that now their add is splashed on a hundred newspapers all over the world.

That's a huge possibility, considering the affiliation to Bitcoin and names like Elon Musk and Jeff Bezos. The use of such key words is sure to get their sale lots of visibility. I don't really have a problem with it though, smart marketing is an important part of business, as long as they actually create an option to allow Bitcoin payments.

Quote from: fiulpro on September 14, 2020, 10:11:54 AM

BTC is transparent , isn't 40 million a bit too much to be transferred over BTC ?? What am more concerned about is the Price change that might make those 40 million go up and down soon after the exchange.

OTC trades would be used to prevent any price changes in the general market. Trades of similar value has been made in Bitcoin over the last few months with little or no impact.

Quote from: fiulpro on September 14, 2020, 10:11:54 AM

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

It depends on how private someone wants their asset portfolio to be. If you have $40 million in bitcoin, such an individual is known to be wealthy, whether or not they would want it to be public knowledge that they own Bitcoin is a personal decision.

fiulpro

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I do believe that if a person has 40 million $ worth Bitcoins and they haven't sold them yet then I think they won't. At the same time I believe that if a person wants to make a deal in 40 million , it would be difficult to actually convert all this in dollar or even BTC.

(I don't think someone is going to buy this using bitcoins , the only way it is going to be sold is if some millionaire decides to buy this and has a lot of cash or money in the account.)

BTC is transparent , isn't 40 million a bit too much to be transferred over BTC ?? What am more concerned about is the Price change that might make those 40 million go up and down soon after the exchange.

I do believe this is a risky thing to do or maybe the seller is even desperate to sell this.

This can even be used to track some big bitcoin whale 🐳 therefore I think those people will be super careful while making a trade like this .

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

stompix

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Quote from: Lucius on September 14, 2020, 09:09:18 AM

Quote from: stompix on September 14, 2020, 08:46:17 AM

It's 3850BTC so that would restrict the userlist a bit.

What a mistake, just one zero and I'm as short as 90% - it would be nice to buy a plane for only $4 million - assuming it's still able to fly Cool

You can buy one for 5BTC, it even has some features the Gulfstream doesn't, like a parachute Grin

, or you can wait a few more years till it will cost indeed 400 BTC.
As for houses, there was one priced at 45 millions but god is that an ugly house. Lots of offers in the 1-10 mils range, so, happy shopping! Grin

Quote from: Lucius on September 14, 2020, 09:09:18 AM

I think we will soon need a list of "everything that can be bought for $40 million and be paid with BTC".

I can't wait for the moment when we can say "everything that is worth more than 40 million $ can be bought with BTC"

Lucius

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Quote from: stompix on September 14, 2020, 08:46:17 AM

It's 3850BTC so that would restrict the userlist a bit.

What a mistake, just one zero and I'm as short as 90% - it would be nice to buy a plane for only $4 million - assuming it's still able to fly Cool

Quote from: stompix on September 14, 2020, 08:46:17 AM

Btw, there is also a 40mil yacht you could buy with BTC

I think we will soon need a list of "everything that can be bought for $40 million and be paid with BTC". I was wondering if there is any house that is worth that much and is being sold for BTC, but I was not successful in my search - except that I found that for that price someone had managed to sell a luxury villa in Selling Sunset (Netflix reality show).

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Quote from: Lucius on September 14, 2020, 07:29:28 AM

There are people for whom this is not a large amount (around 385 BTC),

It's 3850BTC so that would restrict the userlist a bit.
But I highly doubt that the guys who have this many coins and haven't spent it yet were waiting for a company to sell a private jet for BTC before buying one if they really wanted one.

Quote from: Upgrade00 on September 14, 2020, 07:08:35 AM

The headline of the article caught my eye while I was reading and it could be a factor why Bitcoin is a good payment option.
It read; "This $40 million Gulfstream private jet can be bought using bitcoin as aircraft sales firms attempt to lure international buyers – take a look inside"
I am not an expert, but I assume selling a property like an aircraft would be quite complicated, especially when dealing with international buyers.

More like they are trying to sell an aircraft nobody wants and they have found a way to advertise it pretty cheap, I doubt they even thought it's possible to sell it for bitcoins, but thanks to that now their add is splashed on a hundred newspapers all over the world.

Btw, there is also a 40mil yacht you could buy with BTC

plvbob0070

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This is really interesting tho. The article says that they are accepting bitcoin to attract international buyers which means that they have a good view of bitcoin. Big holders might really find it interesting and might actually buy it, but even if a future buyer wouldn't use BTC, it's still fine because we are seeing that more sellers are opening for bitcoin payment which is good. We will probably see more opportunities like this in the future.

Topic: Aviatrade accepting BTC as payment for $40 million Gulfstream private jet (Read 361 times)