Want to buy a used BMW i8 with Bitcoin

[TheBMWDriver]

I have blue low miles I8, 2015 car which I would be willing to consider such a deal if the price is right.

you cant receive PMs, post a email address and I will drop you a message

Edited by TheBMWDriver on Wednesday 13th December 00:44

[kodachrome]

As it happens I found a seller willing to take it, 4.4BTC (at todays rates, we will setting on the day) was where we landed.
I suspect you might be asking for more for you 2015 model?

[TheBMWDriver]

Yes a little more but not much.

[kodachrome]

Despite some of the comments here this worked out easier than expected with more than one car on offer for Bitcoin. Welcome to the future pistonheads!

[anonymous-user]

kodachrome said:

Despite some of the comments here this worked out easier than expected with more than one car on offer for Bitcoin. Welcome to the future pistonheads!

I'm assuming you don't want to transfer the bitcoin to a bank for fear of the bank accusing of money laundering, yes?

[cat with a hat]

AlrightYouns said:

kodachrome said:

Despite some of the comments here this worked out easier than expected with more than one car on offer for Bitcoin. Welcome to the future pistonheads!

I'm assuming you don't want to transfer the bitcoin to a bank for fear of the bank accusing of money laundering, yes?

That and CGT...

[Wills2]

cat with a hat said:

AlrightYouns said:

kodachrome said:

Despite some of the comments here this worked out easier than expected with more than one car on offer for Bitcoin. Welcome to the future pistonheads!

I'm assuming you don't want to transfer the bitcoin to a bank for fear of the bank accusing of money laundering, yes?

That and CGT...

But the seller may have an issue when/if he tries to convert the BC in to cash as some banks are freezing the cash/account.

[kodachrome]

Why not bank transfer? Answered several times: not keen on the 3 day delay and sending money into a unknown account) and expenses mostly.

Bitcoin was designed for this and completed payment within 4min, fully confirmed.

[Bobajobbob]

Well done. Anything to disintermediate banks is a good thing in my opinion. This is what bitcoin was designed for.

[dimots]

Brilliant! I’m looking to buy a PP 5712 (it’s a watch!) with bitcoin so this is great news

On a somewhat related topic, it seems the easiest way to buy from ‘old world’ retailers is to use a prepaid bitcoin visa debit card...but this is so ridiculous given how easy it is to accept bitcoin direct that I refuse to do it. Anyone have any experience of this? Are there any good card options out there?

[kodachrome]

I use the TenX card, when their product is fully complete they will offer seamless multi crypto to fiat payments over the Visa rails. At the moment Bitcoin to fiat only but working great in multiple regions and online. I even took cash out at an atm from my BTC wallet, mad stuff!

[dimots]

kodachrome said:

I use the TenX card, when their product is fully complete they will offer seamless multi crypto to fiat payments over the Visa rails. At the moment Bitcoin to fiat only but working great in multiple regions and online. I even took cash out at an atm from my BTC wallet, mad stuff!

I'm going to try it. Thanks!

[ex1]

What’s the easiest way for a retailer to accept bc?

[Mr Whippy]

dimots said:

kodachrome said:

I use the TenX card, when their product is fully complete they will offer seamless multi crypto to fiat payments over the Visa rails. At the moment Bitcoin to fiat only but working great in multiple regions and online. I even took cash out at an atm from my BTC wallet, mad stuff!

I'm going to try it. Thanks!

Any limits?

Can you go buy a car tomorrow with it?

Or is this fancying around buying a coffee or a magazine type stuff?

I still think to be safe you're gonna need a robust set of paperwork showing cap gains exposure.

Even if you bought £1000 in btc at £100 each and now have £150,000 3yrs later, you won't pay cap gains till you realise it, but each time you buy a coffee or magazine you're gonna be 'realising' some cap gains shirley?

It's getting really messy to use crypto as intended.
Unless you transact fiat > crypto there and then at each transaction but that's daft too.

The whole reason I've lots of btc is buying a bunch to 'use' as money for stuff online.
Buying was a pita so the 2nd time I did it I just bought lots to work with for a few years.

Now my cap gains declaration (despite being only just zero exposure I *think*) is a real mess.


Gonna buy a car now, cash out the rest, then re-buy into a cold wallet and not touch it.
Then life is simpler for cap gains in future (single chunk, no transactions)

[kodachrome]

$10k per transaction, $20k per day limit on it. Bitwala will send €50k per month to a UK bank account once you do a full KYC with them should you want even bigger transactions.

I don't have cap gains problems (admittedly in theory) as I bought my BTC in a no cap gains country where I'm still tax resident. Regardless I would never have UK tax exposure as I have nothing to do with the UK other than buying something there.

[dimots]

ex1 said:

What’s the easiest way for a retailer to accept bc?

The easiest way is simply to have a bitcoin wallet. You can accept bitcoin to your wallet address instantly. All you have to do is publish the address on your website or send it to your customers.

If you want a more 'familiar' payment interface you can use Bitpay and similar companies. I set up Bitpay on a Shopify store in about 5 minutes (but it takes a little while to get approved for transactions over $100/day.

[cat with a hat]

kodachrome said:

$10k per transaction, $20k per day limit on it. Bitwala will send €50k per month to a UK bank account once you do a full KYC with them should you want even bigger transactions.

I don't have cap gains problems (admittedly in theory) as I bought my BTC in a no cap gains country where I'm still tax resident. Regardless I would never have UK tax exposure as I have nothing to do with the UK other than buying something there.

I honestly think you're one of many speculators attempting to legitimise bitcoin online and this thread is just a pantomime example of your reality.

[kodachrome]

Lol, I think you are the one out of touch with reality, there are tons of examples of people using Bitcoin for what's it's for, large instant cross border payments.

But think as you please, it has no bearing on the value of BTC (or any other payment mechanism).

Edited by kodachrome on Wednesday 20th December 18:13

[trickywoo]

cat with a hat said:

I honestly think you're one of many speculators attempting to legitimise bitcoin online and this thread is just a pantomime example of your reality.

I’m surprised it’s taken this long to call custard. None of this rings true.

[kodachrome]

I could post a photo ... but seriously, I paid for a car in BTC. If that's unbelievable then you lead such boring lives?

Although I think "Cat in the hat's" view wasn't of disbelieve but that this is an aberration of reality and not "normality"?

Edited by kodachrome on Wednesday 20th December 21:16