Topic: Finally, I Bought Something With Full Payment In Bitcoin. (Read 704 times)

I just finished reviewing the posts in this thread, and since it is still open, I see no problem commenting within it.

First of all, it can be funny how BTC price changes can affect perceptions about price and/or market dynamics, yet I still have difficulties considering how anyone in the middle of 2022 would consider that bitcoin prices were relatively high at that time... especially if the member knows about bitcoin and had been a forum member since early 2016 (referring to you, Jemzx00).

Surely bitcoin had an upwards performance year in 2021, yet by mid-2022, BTC prices had dropped by 70% or so from the top, depending upon from where we start to measure the drop, and so $20k prices should not have been thought to have had been relatively low at that time, and, in fact, my own philosophy had always been spend and replace if I were to be using my BTC during relatively dipping periods, yet we also may well know that the longer that we are in bitcoin, then the less we might need to worry about replacing our bitcoin after spending.. .. so I am not opposed to spending bitcoin, yet sometimes during large dips, we may surely be better off to replace whatever we had spent, and perhaps even replacing with more than we had spent, especially if we are in BTC building stages or if we are trying to take advantage of various volatile periods in bitcoin, which surely can be quite common of a phenomena.

Even OPs forum registration date shows mid-2016, so by the time that he made his motorcycle purchase, he had ONLY been in bitcoin around 6 years, so it may or not be clear whether a spend and replace would have been preferable in his particular circumstances and/or level of BTC accumulation prior to his motorcycle purchase, even though in a subsequent post in this thread, it appears that he had replaced the amount that he had spent.

But, yeah, back to the idea of relatively high prices, that hardly seems to be true during periods in which BTC had more than a 70% drop by that time, and sure even though we did end up getting right around a 77.5% drop by the time BTC prices reached their maximum low points for that correction period.  Another thing was that in July 2022, the 200WMA was around $22,000, so with $20k-ish prices, BTC prices were already below
the 200 WMA, which had not been a common occurrence in BTC, even though BTC prices did end up going to around 36% lower than 200WMA prices, which were also unusually low prices in terms of BTC's historical price performance.


Personally, for OPsec purposes, I doubt that it is important to verify occurrences with bitcoin transaction IDs. except voluntarily.

Nothing wrong with NOT believing OP, yet I still question whether there is any importance to verify the truth in regards to whether the transaction having had taken place.. ..

And, yeah, by the way, historically, I have been irritated by member talking about the various ways that they spent their BTC during large BTC price correction periods.. so yeah it could be like they are trying to get other members to sell their bitcoin.. so I can recognize and appreciate any criticism that goes in the direction of encouraging the spending of bitcoin during large price correction periods.

In the part of Ecuador where I am, they have a bit of a bad idea towards the payments of some things in bitcoin, it may be a third world country with certain emotional attachments and they are afraid of having new advances, but the current of bitcoin is expanding, there are more and more volumes of operations in binance, and despite the fact that you cannot pay in a super market the amount with BTC, it moves a lot in the speculative markets such as localbitcoins.com.

You could have been reading a bit more into the topic. OP has also bought back the bitcoins since he's using them for day trading.
Also stating afterwards that the price did go down... doesn't help much.

Well as OP stated, he needed to pay for the bike that day else he has to wait till the next week which he was not willing to do and he doesn't have any more fiat since he couldn't make the first transaction because of issues from the bank then the only option left would be to either pay with his Bitcoin. I understand most of us will want to continue to HODL our Bitcoin for the bull season but when you really need a service or Goods and there is an opportunity for a Bitcoin payment, I don't think that's a problem cos most have actually been clamoring for a fiat replacement with Bitcoin

this is something we must be thankful in Bitcoin transacting that Banking , when we are being denied at least Bitcoin saves you and that is what important here.

congratulations mate , the 2 wheels looks great and at least you have something you can say that bought from your hard  earned in cryptospace.

also thanks for sharing as you will encourage many to have the same action to help crypto and also help themselves .

This is really not a shock to me. Because, I have been in crypto for nearly a decade now and I can say that I bought so many stuff with bitcoin. Never a physical thing like a bike of course, but I did purchased a ton of services, and a ton of online stuff, hell I even paid someone to get me something I couldn't find.

I needed something online but I couldn't find it anywhere, told people somewhere that I will pay 10 bucks to first person who finds it, and someone did in like half an hour . So all in all, crypto and using it like a currency is a very crucial part of crypto and should be seen a lot more used, instead of just an investment that people are using it right now.

Congratulations on purchasing a new vehicle using Bitcoin. BTC is really an emergency saver. I've heard several situations where in Bitcoin saved their day from unexpected situations. It's really good to hear that more Bitcoin users allow Bitcoin transactions, especially in their businesses. I hope that more merchants will consider accepting BTC or any form of cryptocurrency which will be convenient for most of us.

I think there will be no problem here, if the dealer fears bitcoin volatility, then just accept bitcoin as payment and then convert it to fiat as soon as the transaction is confirmed. The acceptance of bitcoins will not be affected by their price, as bitcoins can be converted into another asset at the time of the transaction.

I'm wondering if the dealer's owner will keep the bitcoins or convert them to fiat after receiving the bitcoins from the OP.

Congratulations on  getting your new bike with bitcoin without any stress,  bitcoin can never fail. It is not like the banking system that when the network is bad it can take a longer time to work fine again.it is also nice to know that dealer know about bitcoin,  it is a great experience.

 First congratulations to your first Bitcoin Full transactions in which really cool as you have bought a first motorized equipment .

But what I love most is the part that I quoted in which mainly favoring the bitcoin and the whole crypto currency community.

maybe the next target is 4 wheels?     

If he still is, believe me he is investing in bitcoin indirectly.

There are things naturally orchestrated to happen and are inevitable, this is far beyond thier imagine that such could occur not to talk of taking place, but i lobe one adage that says "a closed mouth is a closed destiny" i appreciate the fact that they both take good advantage there in bitcoin and see the benefit that lies in having an investment with it over a long period of time, i believe in little time to this, they will both appreciate the incidence especially the seller.

So far I haven't acquired anything using bitcoin as a means of payment, I'm too curious how I can do it and whether my story will be as welcome as your story.  - But congrats, you've done it with bitcoin.

I'm planning on buying a new laptop in the next few months and maybe I'll try the bitcoin payment option instead of paying with fiat ^{[if possible]} but of course I'll have to find a seller that will actually accept bitcoin as a means of payment. I had plans to ask shop owners directly if they would like to accept bitcoin as payment for laptop, but I don't mind if they decline because I'm just trying to find out how likely I am to buy something using bitcoin in the real world.

Congratulations and best wishes to you for buying a bike with bitcoin payment. However, the way you bought Bitcoin you noticed that you bought the bike at a huge loss of money. If you were holding your bitcoin instead of buying a bike with bitcoin at the moment, you would be in a position to buy a micro car at some point. Anyway, the fact that Bitcoin has launched various transactions in your country is really great news for Bitcoin. Bitcoin transactions should be introduced in every country.

Congratulations, this is a rather infrequent step. I just understand that now the rate has decreased significantly, and I would probably hardly buy anything for bitcoins now.

Well, financial system development is leaning toward that Digital transaction.  It is not surprising that the agent is able to accept Bitcoin and then process the paper that easily since cryptocurrency had been around for more than a decade now.  I am happy for the OP for his new motorcycle and for a successful Bitcoin transaction to buy it, cheers!

Yes, they both help each other. OP want the bike in his spare time and if he didn't get it on the day it will take him awhile to have another spare time but I believe the OP help the bike dealer the most because he accepted the Bitcoin as payment when we're in a bear market though he first hesitated because he dont OP is a Bitcoiner.
OP, story should be a lesson to other Bitcoiner not to rely on banks.

It's really surprising that you bought this bike with Bitcoin payment.Bitcoin transactions have been and will continue to be introduced in various countries.The importance and popularity of cryptocurrency is increasing day by day.Maybe the time will come when the paper money that we transact will not exist. The entire transaction system will be in digital currency.Then maybe we will be able to trade through Bitcoin and more different currencies and buy different things.

I think it's really worth the experience not just by means of buying, selling, holding or mining BTC, but to actually use it for a real world transaction like a motorbike that you've just acquired. Congratulations by the way! Keep continue to inspire people about Bitcoin like sharing your real world experience about it.

How about create a customized sticker and put it on your motorbike saying "I've bought this motorbike with Bitcoin" along with the BTC logo too? It would definitely help at least for massive adoption around your area.

It is always great to have an alternative way of payment.  So I believe these two kinds of payment systems need not compete with each other but rather should complement each other.   Just like what happened in the situation of OP, without an alternative way of payment like cryptocurrency payment, he won't be able to finish the transaction that day.  It really saves us a lot of resources and time when we have alternative options if one is unavailable.

Recently in a thread read about the real incident that happened with his life. On emergency he have admitted her wife for delivery. By situation he wasn't able to withdraw cash and make the payment to the clinic. He have requested the physician and the payments were made in the form of bitcoin. Same as that now a dream bike being bought using cryptocurrency when the banking features failed is really good. It also shows how effective the cryptocurrency payments were taking place when the third party service providers fail.

Nice story @ OP but why do I think I am missing something?  The most important recipe of the story.  Oh yeah, the Bitcoin transaction ID.
 You know everything can be made up but proof of transaction of Bitcoin can't be forged.  I so love to see you attach your Bitcoin transaction regarding that motorycyle.  It would be a better inspiration if we saw that you actually paid it in Bitcoin as the story claimed it was.

Anyway, congratulations on having a new motorcycle, hope you can buy more expensive items in bitcoin.

I would agree with OgNasty with this one and say that he did dodge a bullet at that time. As the potential price that he could've bought the motorcycle could be million in today's price in bitcoin. Also, if you will to compare the price appreciation from 2015 - 2022 of bitcoin it has increase for over 1000% which is unlikely to happen within 4 years as the price of bitcoin right now is relatively high.

Did you completely dodge the bullet?
Looking at the time frame in trying to make the supposed Harley deal and now, there have been a huge change in price appreciation and the same would apply to 0.08 BTC in 2-4years at most and then, it would seem like you dodged a bullet just to get hit by another.

The most important truth here is you did what made you happy, using a rare means available to you. Even if you had to sell BTC for fiat and make the trade, its a means avail to you.

Sometimes, we've jus got yo say, WTF with the price appreciation in few yeas and satisfy some wants. It's the ay to go right,  !

It is always exciting to spend your bitcoin in a transaction in the real world, people criticize Laszlo for spending so much money for some pizza back in the day but it is always incredible to find someone which you can share your joy and exchange some bitcoin, can you imagine what he felt at being the first not only to do this for himself but ever? The feelings should have been indescribable, so I congratulate the OP on his recent purchase.

I've included the word "good" stranger on it because, in today's time, there are too many bad people that whenever they hear something related to money, they'll have that bad plan for you. I'm not judging but there really were those scenarios that have happened badly to the victims. But yes, hopefully someday and it would be a great talk and discussion personally for me.

Maybe like a retail store or shop? Sort of like that. Nice, good for that man so it's a plus for him to have that place as a real estate investment while paying it with another investment, bitcoin. 

That's a nice scrambler type bike you acquired! We can feel the excitement when you purchase something using bitcoin and when you least expect it. It's also nice that the dealer knows about bitcoin and accepted it as your payment, This means we are making progress in the adaptation and businesses started to accept bitcoin as a full payment for their products. I'm just thinking if the dealer will still or continue accept bitcoin in our current market scenario.

This is great news. Many businesses have started to expect bitcoin as their payment methods. But I also think that it is better not to spend one’s bitcoin at this moment of dip where many people are investing in bitcoin..

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.

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.

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?

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  i hope there is more merchant that accept crypto as payment

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.

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.

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.

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.

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.

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.

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.

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. 

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.

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

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

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

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.

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.

Congratulations brother. It's heart warming 😘

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. 

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.

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.

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.

unfortunately if the nominal Bitcoin at that time was still an ideal long-term saving, maybe not only one vehicle that you can buy. That's a huge amount and you can buy a private plane, a house and maybe a remote return for private facilities if these days are still saved.

We have almost the same story, the difference is when I offer Bitcoin payment for an old motorbike but the seller is not interested in Bitcoin. After 5 months of paying with fiat, he contacted me and said "my friend sorry why at that time refused Bitcoin payments".

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.

Thank you so much, this motor bike from when I bought it till now have solved a lot of transportation issues for, the stress of trying to catch public transport everyday while going to my business place and while coming back, not to talk of the amount of money I spend every day to and fro, I am really happy now, this have made movement very easy for me.

Haha, Thanks so much for the idea but this I already did immediately I got a message from my bank that the issue have been resolved, it is money I use for trading on Binance, if I don't replace it, then it means I can not trade anymore, and I don't joke with that cus its one of the ways I earn extra money to support my family and my business.  

Based on the story you tell, here I see a very significant difference. Where the Bank makes you complicated with all the obstacles and rules that hinder the transaction rate, then the solution above appears as another solution, namely making payments with Bitcoin. Luckily the dealer custodian is knowledgeable and has time to interact with Bitcoin.
Seen not from the goods you buy, but from the point of view of inspiration for others that can be an option for how Bitcoin completes fast transactions without long intermediaries.

First, congratulations to your new bike. Love the color. Sorry, I don't know much about bike brands or motors. 
Second, congratulations again to your first purchase using Bitcoin.
Finally, I wish someday we could experience the same way you did. I have never bought anything physically using Bitcoin or any cryptocurrency. It's sad that some of us may not see it happen just yet until merchants open up that option to pay.
Good story. Ended with both sides happy.

We can often hear the statement that bitcoin is slow. Ok. As we can see from an excerpt from this story, bank money transfers are nowhere faster, especially when it is very necessary.

I want to draw attention to the fact that the bank doesn't allow you to handle your money at any time. But wait, it's really your money and you own it, if someone else can restrict you from using it?

not your keys cash, not your coins money.


Back to the question of bitcoin's speed. Isn't 5 minutes long enough to buy or sell something for bitcoin? During this time, you can just have time to prepare all the papers / documents or a receipt, as in an excerpt from this story.

Do you really need a speed of 10-30 seconds?


P.S.
I read Fivestar4everMVP's story with pleasure and congratulate him on motor bike. I like stories when bitcoin really helped someone and helped out in difficult times.

Congratulations on both your motorcycle and your maiden use of Bitcoin as a medium of exchange, your story is a pretty interesting one to read, i must say i enjoyed reading it, whilst i might not spend that much Bitcoin on a commodity right now, for obvious reasons, i have to praise you for making a good choice by doing so, and using Bitcoin as an actual currency/money. Prolly somewhere along the line we might not be fascinated anymore when one makes a purchase via bitcoin, because by then it would be a common medium of exchange; your motocycle looks great by the way.

Interesting read, OP. So, bikes are now that expensive in Nigeria? That's almost N400k. Well, let's not even dwell on that now. Back to your experience; I believe it's a win-win situation for you and the seller. You've now scored higher than someone like me who hasn't done a direct Bitcoin exchange for goods. Again, you will always look at that bike beyond what it's. It will continually remind you of your sojourn with Bitcoin. You're the real Most Valuable Player!

Besides, this also brings to the fore how determined Nigerians are with the issue of Bitcoin and the entire crypto space. It's also going to be a plus for this forum creating a real local board for Nigeria. @Theymos, kindly take note.

Not everyone would use their bitcoins to pay for something irl. Congratulations on your new motor bike, you will be able to beat the traffic in your city with this baby. You were lucky the dealer had knowledge of bitcoin, things would have been very difficult for you. Banks can fail you when you need them the most especially during weekends in my country if you ever get a problem with your bank then you’re waiting till Monday morning to get it resolved. Bitcoin is faster seamless method of payment

Bull market will return but with the financial recession is looming, it will be harder time ahead of us.

Anyway I have belief in Bitcoin and the four year cycle. Even this time, bear market lasts longer than 2 years, it is not the end of Bitcoin and we will see a new all time high above $69 in future. It can be in 2024 or 2028, I don't care. In next 2 to 6 years, I am going to work for Bitcoin.

You are right too that it is likely bottom is not in yet.

Everytime I read or hear the word "dealer", I automatically think about something else besides the typical person that sells certain typical everyday goods. I think I have a problem.

Interesting story!

It never happened to me to not be able to make a transaction from my bank account though. Maybe your account is at a lower quality bank. Remember that services provided by banks are pretty similar as a concept, but they do differentiate through customer support, applications, etc.

I'm glad to see Bitcoin was the hero in your story. And may that bike produce you more Bitcoin than you spent on it. Drive safe!

Thats a nice looking vehicle! Please be sure to drive safely and carefully while wearing protection gear!

I personally do not like motorcycles, to me they look cool but are unnecessarily unsafe. Best to drive a car, ride a bike or just walk :S But everyone has their own tastes in the matter so I won't be a karen about it, lol.

Although you could give it a Bitcoin design  A bit of orange and white paint and voila!

Have fun with your new toy 

You are lucky that he accepts Bitcoin but actually here in my place until now no one knows Bitcoin except the token of Axie infinity.
Even though there are many Bitcoin users here in my country I still don't have the experience to talk to or see anyone who actually uses bitcoin locally.

I agree with others I don't think this is the right time to use Bitcoin and this might be the dip price of Bitcoin and maybe sooner suddenly the price of Bitcoin may increase.
I'm sure you'll regret it later if the price increase and no longer drop.

Is it a Qlink brand I saw it in a motorcycle shop in Nigeria it's around $1500 Brandnew and it seems you bought it at a cheaper price?
So I think you are not at a loss to buy that motorcycle.

Cool motorbike, honestly I like this model, but unfortunately in my area there is no such model at the dealer, it's like an old school motorbike that has a classic.

You have reached a good agreement with the dealer and can make payments via bitcoin, this is one simple way without a bank and bitcoin can be the solution, but still I hope that in my country bitcoin can be legalized in any payment it would be really nice I do it.

I tried to buy a motorbike to the dealer but it didn't accept bitcoin because the dealer didn't know what bitcoin was so I was forced to use a local bank to continue the transaction, so for me, transactions with bitcoin and buying goods can only be done by friends who already understand bitcoin his.

Cool story !

It would have been perfect if you owned the keys before sending it as Binance could have done the same as your bank

Just wanted to make a bad joke sorry

Seems like an awesome bike !

Indeed, I also expect - sooner or later - bull market return and new ATH too.
However, I prefer to let people decide for themselves what they do with their money. Even more, there are chances that the bottom is not in yet, so maybe he wants to risk waiting (but the risk may be too big!).
Different people have different mindset. OP has to make his own choices.

It is not a surprise for me though because I have used bitcoin to purchase online before, what happened was that fiat payment was disabled at that time but I was able to use bitcoin for it and it worked.

Bitcoin price has gone down, it means no two thing than the bull market is still coming to make bitcoin price reach all-time-high. I will not think two times to convert the fiat to bitcoin. I prefer not to use bitcoin directly, I see it more as investment than payment.

Nice acquisition and certainly interesting story!
One thing I notice is that you've spent your coins in the middle of the crypto winter, so maybe you will consider buying them back when the bank solves their issues. (However, nfa, please decide for yourself..).

This post should have been made some weeks back, But I didn't find time to, i am glad i finally did it.

Ive read from this forum, and even from other sources how people purchase items with payment in Bitcoin, some even claimed to have paid for services like medical bills, school fees, travel documents in Bitcoin, I always wondered how this users get this service providers to accept their payment in Bitcoin even when some of this businesses have not openly or publicly announced that they are accepting Bitcoin payments.

Some weeks back, i.e., in the month of June, I got tired of spending money always on public transportation and decided I will buy a new motor bike to move around with, i managed to get the required amount in fiat which is about $650, i had this money on my bank account and called on 2 of my friends to accompany me to a nearby motor bike dealer.

After discussing and reaching agreement with the dealer, I opted to transfer the agreed amount to the dealers bank account since I don't have fiat cash on me, the dealer wrote down his bank account details and handed it over to me to make the transfer to, I then logged in to my mobile banking app and tried to transfer but I discovered I couldn't, I tried several times but couldn't, I told the dealer and he showed me a nearby bank and asked me to go and withdraw the money, it was a lot of money to withdraw from an ATM, but I still decided to give that a try since i can not transfer, i got to the ATM and discovered I cannot withdraw too, something was definitely wrong with my bank account but why today ?
I got really furious and contacted my bank's customer support through a phone call, after about 15 minutes of waiting, I was connected to a lady, i told her my issue and she said to give her some time to check my account, after about a minute, she began apologizing and asked me to be patient , that the issue with my account will be resolved within 24 hours , "24 HOURS !:o? i shouted, I have an urgent transaction to make right now, how can you tell me to wait 24 hours from now?" She then sad "Sir, we are sorry for the inconvenience, please look for another means of carrying out your transactions for the day till issue with your account is resolved", I got really angry and hang up the call.

I asked the dealer, "what are going to do now?, dealer said maybe I should go and come back tomorrow after issue with my account is sorted by the bank, i cannot afford to go and come back tomorrow because I have an important appointment all through the day, infact, that day was the only spare day i have for that week, if I don't buy this bike today, it means I will have to wait till next week and I cant afford to wait that long, just as i was thinking.....

I looked up and saw a local Bitcoin P2P exchange opposite the dealers shop, then I went straight to the dealer and asked him, "Do you, or rather, will you accept payment for the bike in Bitcoin?", First, he hesitated, and then asked me, " are you into Bitcoin?" i said "yes, what about you?" he said he used to hold some small amount of Bitcoins but sold it and yet to buy again, i then told him, " maybe this is a good opportunity to hold Bitcoin again", after keeping silent for some seconds, he said "Ok, lets do it.

He provided his Bitcoin address, I didn't have Bitcoins worth the amount needed on my personal wallet, I logged into my binance trading account where I was sure I had up to the required amount of Bitcoins needed, i him Bitcoins worth $650, ( though the agreed price was slightly below that), transaction got confirmed in about 5 minutes, he was extremely happy even more than I expected, he wrote the receipt, he signed, I also signed, he handed us the receipt and asked to be my friend on Facebook, i said ok so we exchanged Facebook contact, he handed us the key to my new bike and thanked us so much, he was really excited that I began to wonder the reason for his over joy, then, just as i was shifting the gear of my new bike to zoom off, my mind shifted too, and I realized I just helped a fallen Bitcoiner get back on his feet again, then, I understood his excitements and why he asked to be my friend on Facebook.

Then, ZOOOOM, ZOOOOM ZOOOOM......ZOOOOOOOOOOOO I fired away with this thought in my mind --->"my bank failed me, but Bitcoin came to my rescue"