I was finally able to purchase an iPhone 13 pro max using my Bitcoin

smartaction

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Quote from: verita1 on March 05, 2022, 05:53:09 PM

What is happening is that people use Bitcoin, it does not officially declare it in their business for fears to penalties.

It happened to me something similar as Op:
I was buying a phone to give a family member and the seller knows me that I use BINANCE APP and asked me if I wanted, I could pay the phone sending crypto from Binance Pay.

I did not make the payment with crypto because I had already exchanged my local currency. But on another occasion I will do the test to pay with Bitcoin or any other crypto.

Thanks OP, for sharing your experience with us.

Ah

It is very surprising that a shopkeeper has asked you to make payment in cryptocurrency. Where you didn't tell him anything about crypto he he. Your story is very interesting to me. I hope you will not miss this opportunity again Grin

Cheers buddy

freedomgo

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Quote from: verita1 on March 05, 2022, 05:53:09 PM

What is happening is that people use Bitcoin, it does not officially declare it in their business for fears to penalties.

It happened to me something similar as Op:
I was buying a phone to give a family member and the seller knows me that I use BINANCE APP and asked me if I wanted, I could pay the phone sending crypto from Binance Pay.

I did not make the payment with crypto because I had already exchanged my local currency. But on another occasion I will do the test to pay with Bitcoin or any other crypto.

Thanks OP, for sharing your experience with us.

Sometimes, you also have to consider spending crypto because its definitely its real purpose, to act as a currency and the way we are seeing it that its better to hold them for long defeat its real purpose. I'm glad OP has made his part. But i suggest, that if we try to use crypto to purchase something, see to it that its market value is also high as we won't be regretting selling our bitcoin in low value because its conversion rate is certainly low too. However, emergency cases is exceptional. You need to spend crypto when you think you can't afford it in fiat.

verita1

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What is happening is that people use Bitcoin, it does not officially declare it in their business for fears to penalties.

It happened to me something similar as Op:
I was buying a phone to give a family member and the seller knows me that I use BINANCE APP and asked me if I wanted, I could pay the phone sending crypto from Binance Pay.

I did not make the payment with crypto because I had already exchanged my local currency. But on another occasion I will do the test to pay with Bitcoin or any other crypto.

Thanks OP, for sharing your experience with us.

Sachiner

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Congratulations on your successful payment with cryptocurrency! Maybe you are not very accustomed to paying with cryptocurrencies. It is relatively common for countries that allow the use of cryptocurrencies to pay with Bitcoin. Luckily for you, you can still use bitcoin to buy things in your country that bans bitcoin, which shows that your country's control of cryptocurrencies is not very strict. Maybe at a later date your country will allow cryptocurrency payments instead of banning the use of cryptocurrencies, we can look forward to it together.

qwertyup23

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Quote from: smartaction on February 02, 2022, 05:25:12 AM

I went to buy a phone with my friend today. Going there, Iphone 13 pro max became my favorite phone. And arouses interest in buying. But I did not have enough money to buy that phone in my pocket. I laugh and talk about Bitcoin to the owner of that showroom. I was surprised to that the owner of that showroom want to sell his phone to me for Bitcoin. And I asked him again, "Are you kidding me?"then He immediately gave me a bitcoin wallet to pay him. I paid him bitcoin and bought the Iphone 13 pro max.

Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin. Because for that I have to spend more bitcoin. But still I am very happy to be able to do it. Because in my country Bitcoin is still declared as an illegal currency. Nevertheless, I got this advantage

I was on the same shoes as you- I was planning on getting the iPhone 13 using my BTC proceeds but at the back of my head, I am somehow losing the value of HODLing my BTCs for the future.

Unfortunately, I was not able to convert my BTCs to cash when its price reached $60,000. I had like $2,000 worth of BTCs in my wallet but it quickly plummeted down when its price crashed. After the crash, that was the only time that I was able to cash out my BTCs in which I wasted around $1,000 worth. Good thing you were able to purchase your phone using BTCs, OP!

xSkylarx

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Quote from: Finestream on March 03, 2022, 01:49:51 PM

Quote from: ?? on ??

That said, it's actually a good thing. You can get used to buying anything with bitcoin.
Many people are still used to investing in Bitcoin. They don't think it's wise to use Bitcoin to pay for things.
Your actions are very friendly for Bitcoin to become a global currency.

Bitcoin is a good investment and at the same time a good currency. But thinking that it will create higher value in the coming days, months or years, so most wise investors prefer to hold it than spend it at its current value. But i believe even if we always witness that bitcoin has potentials to grow in value, we should also use it as a currency because that is its main reason why it has been invented in the first place. So i'm glad OP that you see it that way. Bitcoin should never be kept the whole time, it should also be used as a currency to speed up its own adoption.

As previously stated, bitcoin was originally created as a payment method with low fees that allowed you to see the transaction in real time. However, it is now being used as an investment vehicle, which is extremely beneficial because it is truly assisting people while also earning money. He used bitcoin as a payment to purchase a phone, which is fantastic because most of us, when we talk about bitcoin, want to hold it rather than spend it. He is also extremely brave in spending it because this is a very rare situation in which bitcoin is used as a payment method.

giammangiato

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Interesting, you have spent bitcoin for what you like, if at that moment you were happy that you did well, don't think about the value that went down. I bought several things, the biggest one was the bedroom for my daughter, I received a regular purchase invoice in euros, but I paid in bitcoins! Many traders adapt to cryptocurrencies and can reap a lot of benefits from it, I forgot one important thing, I paid on delivery!

moali4

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Quote from: smartaction on February 02, 2022, 05:25:12 AM

I went to buy a phone with my friend today. Going there, Iphone 13 pro max became my favorite phone. And arouses interest in buying. But I did not have enough money to buy that phone in my pocket. I laugh and talk about Bitcoin to the owner of that showroom. I was surprised to that the owner of that showroom want to sell his phone to me for Bitcoin. And I asked him again, "Are you kidding me?"then He immediately gave me a bitcoin wallet to pay him. I paid him bitcoin and bought the Iphone 13 pro max.

Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin. Because for that I have to spend more bitcoin. But still I am very happy to be able to do it. Because in my country Bitcoin is still declared as an illegal currency. Nevertheless, I got this advantage

Congratulations! for those who are looking for the best sites to earn crypto and bitcoin, have a look here--> https://moaliofficial.com/earn-free-crypto/

Hope this helps.

Finestream

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Quote from: ?? on ??

That said, it's actually a good thing. You can get used to buying anything with bitcoin.
Many people are still used to investing in Bitcoin. They don't think it's wise to use Bitcoin to pay for things.
Your actions are very friendly for Bitcoin to become a global currency.

Bitcoin is a good investment and at the same time a good currency. But thinking that it will create higher value in the coming days, months or years, so most wise investors prefer to hold it than spend it at its current value. But i believe even if we always witness that bitcoin has potentials to grow in value, we should also use it as a currency because that is its main reason why it has been invented in the first place. So i'm glad OP that you see it that way. Bitcoin should never be kept the whole time, it should also be used as a currency to speed up its own adoption.

Quidat

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Quote from: ?? on ??

Nowadays btc also playing significant role besides fiat and i must appreciate owner of that showroom who agree to take btc payment when market was passing throughout volatility. Even i hope you have enough btc on hold in your wallet and thats why you spend some btc to bought your iPhone 13 pro max! Cause that can be considered as big amount. but i'm happy for people like you who purchase products by spending btc & spread it worldwide

Bitcoin was really created for that payment system and does really need up circulation but we do know that due into its potential in terms of investment then it do
falls into that category of store of value which i couldnt really blame people on but since we do own those coins then its none others business on how we should
spend or make use of them whether we do directly make out transactions from coin to coin or would simply make use of our fiat instead and save up those
coins for long term.

pragna

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Quote from: smartaction on February 02, 2022, 05:25:12 AM

I went to buy a phone with my friend today. Going there, Iphone 13 pro max became my favorite phone. And arouses interest in buying. But I did not have enough money to buy that phone in my pocket. I laugh and talk about Bitcoin to the owner of that showroom. I was surprised to that the owner of that showroom want to sell his phone to me for Bitcoin. And I asked him again, "Are you kidding me?"then He immediately gave me a bitcoin wallet to pay him. I paid him bitcoin and bought the Iphone 13 pro max.

Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin. Because for that I have to spend more bitcoin. But still I am very happy to be able to do it. Because in my country Bitcoin is still declared as an illegal currency. Nevertheless, I got this advantage

Really its nice news for me also as a BTC lover. Hush!! I am waiting for many days in my country that, When i will buy anything with BTC or any altcoin? I think you are very lucky person that your government gave you opportunity to buy iPhone with BTC. Hope one day my govt will take necessary steps to buy anything with BTC.

virasog

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Quote from: OrangeII on February 12, 2022, 09:13:01 AM

well, I think, nowadays people are aware of bitcoin. in fact, without our knowledge, even the people around us are also using bitcoin without us knowing it. Yes, that's a real example. anyway, congrats for using bitcoin as your transaction tool to buy an iphone 13. anyway i think it gives a pretty good feel. well, I just hope bitcoin can be an alternative payment in public places. it might make it easier for us to transact when we don't have enough money, and have crypto assets.

Don't know if it is the happiness of getting iPhone 13 or it is happiness to spend the bitcoins Wink

I am sure, OP is happy to have an iPhone. Although he had a lack of fiat money at that time and he was able to spend his bitcoins to get the iphone.

Many people do know about bitcoins but they fear to take bitcoin in return of goods or services because either they are afraid of its volatility or it is not considered legal in most of the places. However, as the time passes and awareness increases, we may see more transactions being done in cryptocurrencies.

barbara44

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Don’t let yourself to be forced to doing something which you would end up regretting later. IPhone 13 costs a lot of money, and having to part ways with such an amount of money from your Bitcoin wallet is quite huge, so it’s likely that you would regret using your Bitcoin to buy the phone if it’s something that you never planned for.

You could have easily told the seller that you’re short on cash at the moment and would be coming back later to buy the phone. If you want you can still fund your crypto wallet with extra money if you intend to using it to buy the phone, by then you must have had more thought on it on whether you want to do it or not, simply pay with Fiat.

pawanjain

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Quote from: smartaction on February 02, 2022, 05:25:12 AM

I went to buy a phone with my friend today. Going there, Iphone 13 pro max became my favorite phone. And arouses interest in buying. But I did not have enough money to buy that phone in my pocket. I laugh and talk about Bitcoin to the owner of that showroom. I was surprised to that the owner of that showroom want to sell his phone to me for Bitcoin. And I asked him again, "Are you kidding me?"then He immediately gave me a bitcoin wallet to pay him. I paid him bitcoin and bought the Iphone 13 pro max.

Since the price of Bitcoin has come down a lot now, it has become foolish for me to buy the phone with Bitcoin. Because for that I have to spend more bitcoin. But still I am very happy to be able to do it. Because in my country Bitcoin is still declared as an illegal currency. Nevertheless, I got this advantage

Wait what ?

If you bought the Iphone when the price was high and now the price is low, you eventually spent less number of coins to buy the phone.
Which is a good thing since you will have to spend more number of coins if you bought it at current price.
So whenever you buy something with BTC and the price comes down after that then you are in profits. But in the long run the price increases.
For example if you bought the phone worth $600 at 0.01 BTC at the price of $60k then you would have to spend roughly 0.015 BTC right now for the same phone.
On the other hand, if the price increases to $80k then you can think that you paid $800 for a $600 phone.

TheGreatPython

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Quote from: fzkto on February 18, 2022, 12:23:43 PM

It will probably be a bit uncomfortable afterwards to feel like the dude who bought a pizza for 10k bitcoins. Sure the iPhone 13 is a cool phone, but I think it's silly to spend precious bitcoins on a phone that gets old every year and bitcoins get more expensive every year. I wonder what kind of shop has agreed to accept bitcoins as payment? Usually mobile phones are bought from branded shops that offer a warranty on the purchase.

Definitely, it’s something he would have a second thought about doing. Looking at the story he has told here, it’s quite clear that it wasn’t his intention to spend his bitcoin on buying an iPhone 13, but he simply did that because the seller said that he was accepting bitcoin, so he went for it and decided to spend bitcoin on the phone.

But, it’s not that bad, if he would be able to replace the bitcoin he has spent within a short time since the market has not really started being bullish. The price is still circling the $30,000 and $40,000 price rate and I think that the next bullish trend might be around next year or even two.

Edith1994

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There is nothing impossible buying with Bitcoin, if only you find the right traders who trade with Bitcoin.

So it's possible to buy what ever with BTC.

fzkto

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It will probably be a bit uncomfortable afterwards to feel like the dude who bought a pizza for 10k bitcoins. Sure the iPhone 13 is a cool phone, but I think it's silly to spend precious bitcoins on a phone that gets old every year and bitcoins get more expensive every year. I wonder what kind of shop has agreed to accept bitcoins as payment? Usually mobile phones are bought from branded shops that offer a warranty on the purchase.

dlightag

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It's really a bliss to buy or receive goods and services through cryptocurrency. Two business entities in my country asked me to pay them with a specific cryptocurrency, i felt really cool. Gradually, Cryptocurrency has come to stay. It is high time for the remaining part of the world to hop on the train of Blockchain Technology and ride along.

yohananaomi

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It's not a strange thing anymore if there are many who want to accept the purchase of luxury goods using bitcoin, especially if it's just an Ipohne cell , even more than that is not a strange thing anymore. because bitcoin is already known and very profitable for those who accept purchases using bitcoin.

at any time we can be sure that everyone will get used to accept any payment using bitcoin, because we know the value of bitcoin also continues to increase and is feasible even for the purchase of expensive goods.

boyptc

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Quote from: Prosector on February 16, 2022, 12:23:18 AM

If it is illegal in your country to use bitcoins, the shopkeeper may land in trouble when filing for tax. Also, I believe you haven’t got a bill for your purchase.

It's a shop so I guess there's a receipt for the purchase. Most shops need to issue receipt for every purchase and I think it's all up to the owner on how he's going to make things up for him when it's come to the tax filing.

A purchase would really need a receipt also for the warranty and other perks for that product.

Quote from: Prosector on February 16, 2022, 12:23:18 AM

So, all of this is a drawback of cryptocurrencies right now. I wonder when we will be able to do such transactions normally.

It's hard to know when for the countries that has banned bitcoin but for the free and crypto friendly countries, it's already normal somehow for some purchases.

Topic: I was finally able to purchase an iPhone 13 pro max using my Bitcoin (Read 855 times)