Spending bitcoins on a car. Car depreciate while Bitcoin appreciates.

aoluain

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Quote from: Akoldi_ibk on January 31, 2019, 02:10:23 PM

Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

As far as one is buying the car for a purpose, or for a need, I think it's worthwhile buying it will bitcoin. Though it will depreciate, but it will serve its purpose. And on the other hand, no one really knows what bitcoin price will be like in 3 years. We are just being optimistic and hopefully it favours. Everything in play is a risk

Yes i agree, cars are really a tool, a transportation device to get us from A to B,
I always buy cheap cars and when they are no longer economically viable to run
I buy another cheap car so I wouldnt have a problem buying a cheap car with
bitcoin but I wouldn't buy an exotic car or a car which would loose substantial
value. Personal preferences i suppose.

Akoldi_ibk

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

As far as one is buying the car for a purpose, or for a need, I think it's worthwhile buying it will bitcoin. Though it will depreciate, but it will serve its purpose. And on the other hand, no one really knows what bitcoin price will be like in 3 years. We are just being optimistic and hopefully it favours. Everything in play is a risk

BitBustah

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Some cars hold their value really well and even go up in value especially rare editions. Cars like the Laferrari, f40, Mclaren f1, and others have skyrocketed past their regular purchasing price. Your normal cars like mercedes benz will plummet like a rock though, I always recommend buying used over new.

Muzika

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Quote from: yulchatar on January 29, 2019, 09:46:23 AM

We can't keep our bitcoins forever if we need money or things right now. Of course, later, when the price of bitcoin starts to grow, you will be sorry for the spent cryptocurrency. But during this time you will earn some money with the help of a car or it will make your life easier. Moreover, if we actively use bitcoin, and not store it, it will work and increase its value.

it is hard for someone to keep some coin specially if the person has some needs and wants in their life, even the person wants to store some of it. The best thing to do is as long as you dont need something important do not go for it.

yulchatar

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We can't keep our bitcoins forever if we need money or things right now. Of course, later, when the price of bitcoin starts to grow, you will be sorry for the spent cryptocurrency. But during this time you will earn some money with the help of a car or it will make your life easier. Moreover, if we actively use bitcoin, and not store it, it will work and increase its value.

horrifiedx1

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Quote from: Naida_BR on January 29, 2019, 03:48:32 AM

Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

You have a point right here, but you should remember that human lives depreciate as well. We cannot hodl our crypto for a finite period of time. We have somehow to invest and create some value for our lives that will make it a better environment and easier our daily activities.

someone has wants and needs. of course it may be taken if we are able to buy it and take care of it. I think the depreciation value must be there, because car investment is a declining investment. but in terms of function, the car might be able to facilitate our real activities every day. and I think we already know the positives and negatives of that action

gentlemand

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Of course almost all cars are not investments, however comes a time when you have to start spending and not get anal about 'lost gains'. That's how you wind up a millionaire living in a shack underneath a motorway wearing discarded sacks.

If you can afford the car and it benefits your life then you should buy it. We're all going to be dead for an extremely long time. I intend to expire with as little money left as possible.

Kemarit

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

I think it's a bad comparison, maybe other's can consider buying a car a form of investment on his/her side, so it doesn't make sense to look back if ever the price skyrocketed in the next 3 years or so.

As for the pizza guy, he already stated the he doesn't regret buying pizza with 10,000 BTC.

Quote

Cointelegraph: You probably get asked this question a lot, but I have to ask. Since 10,000 Bitcoin is worth around 80 million dollars today, do you ever regret paying 10,000 BTC for two pizzas?

LH: You know, I don't regret it. I think that it's great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it's an interesting story because everybody can kind of relate to that and be [like] - "Oh my God, you spent all of that money!" I was also kind of giving people tech support on the forums and I ported Bitcoin to MacOS, and you know, some other things - fix bugs and whatnot, and I've always kind of just wanted people to use Bitcoin and buying the pizza was one way to do that. I didn't think it would get as popular as it has, but it's gotten to be a really catchy story for people.

https://cointelegraph.com/news/bitcoin-pizza-guy-laszlo-hanyecz-on-why-bitcoin-is-still-the-only-flavor-of-crypto-for-him

romero121

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With car you can say promising that the value will depreciate with time. When it comes to bitcoin it isn't that assured. The value might move forward or else it'll go downwards. User need to be prepared enough take risk. When we make a comparison with car I remember an news. When the price was at the peak one bought a house with bitcoin finding the right person. When the agreement of buying was made tbge price was low and when it grew the settlement took place. This gave a big profit to the buyer and with the excess he bought a car. In this way investing on bitcoin might lead to buy big or nothing in no time.

boyptc

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You need to spend for your happiness and dream. If bitcoin is the way to reach that dream car you've been dreaming of for years since when you are a child, it's okay to spend it.

I'll definitely use my bitcoins on held to buy a car soon as long as the market goes on high again. I'll use it for convenient transportation and convenience has its price remember that and at the same time, I'll use it for business.

Max07

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The question was asked - when Bitcoin was at the peak of its price. I think now, many regret that they did not sell bitcoins and did not buy a car. Roll Eyes

Naida_BR

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

You have a point right here, but you should remember that human lives depreciate as well. We cannot hodl our crypto for a finite period of time. We have somehow to invest and create some value for our lives that will make it a better environment and easier our daily activities.

PlusOne88

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We couldn't say the absolute. Cars depreciate in value while bitcoins go up or down. With a car there is no doubt about it and you might be losing within 3 years as you have said but bitcoin can give you the chances, you can probably earn a lot or may lose more than what you could be losing with a car investment. But if you really had the best inputs about bitcoin status, you might just earn with greater possibilities than a car 3 years after. There is a lot to learn about trading bitcoin that could give us the opportunity to get rich and this is what most people should know.

eroejoe

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If you have Bitcoins to spend, and you do not have a car, or you really need new car, but you do not have fiat. I think that is good trade, because otherwise you could not afford that car.
Right now could be bad timing for that because crypto market is nearing bottom, but consolidation period and bear market could be longer then you can be without that car.

Huskarls

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but the problem is, in bitcoin we don't know how much the price has dropped to what percentage and in how fast it is because we know the crypto decline is very fast if we compare it between 1 year ago and right now. However its only luck if we can see price increases in time we expect.

Crypdon

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Bitcoins are designed to be used for buying stuff rather than a speculative form of investment. If someone is able to buy a car using bitcoins then he or she has done what satoshi has created it for

aceptamosbitcoin

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

While Bitcoin may sky rocker or may not, a car is losing value for sure at the moment you take it out of the shop. This is why a car is considered being a liability, instead of being an asset. Also, bitcoin doesn't require insurance, new tires or oil in those 3 years.

Jesabela04

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

It is your choice if ever you will use bitcoin to buy something. Do not hesitatw if it is a good investment. It is better to use bitcoin to buy a car rather than to buy a pizza, right? Just don't compare the price once bitcoin price goes higher in the future.

shield132

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Quote from: bitcoinsc on January 26, 2019, 07:49:54 PM

U go to buy a car with bitcoins but to find out ur car depreciate in 3 years. While holding onto bitcoins the value of ur bitcoins appreciate. Just a speculation. Taking risk at an extreme. Trading ur bitcoins for a car. Hah . But Bitcoin doesn't always sky rocket in value every 3 years. Or does it.

Any logic here? If you want to buy car, you pay bitcoins but in value of usd. So as you say if you buy car, then you lose potential of huge money in future. With that logic, don't buy food because if you buy one buritto at the moment, save and you'll be able to buy 3 in future. Out of logic, you have to spend money on needs and save extra (if you have). That saved money you can put in cryptocurrencies and hold them or do whatever you want.

Alexlax

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To be honest, so you can compare to infinity, it does not make sense. If you consider Bitcoin as an investment, then yes, there is no need to buy a "car". If it is just like a currency for payment, then this is good.

Topic: Spending bitcoins on a car. Car depreciate while Bitcoin appreciates. (Read 468 times)