Porsche Cayman sold for 300 bitcoins
 

https://bitcointalk.org/index.php?topic=143722.0

"The Porsche sold today for ~300 Bitcoins! If this isn't proof that Bitcoin is a legitimate currency, then I don't know what is. The buyer purchased his initial Bitcoin investment at around $4 a piece so they got an amazing deal. I'm not sure if this is the single largest item sold for BTC, but I can guarantee it's the first $40,000 vehicle sold for ~300 BTC. The buyer wishes to remain anonymous, but I've asked a bitpay representative to come and post in this thread to confirm the transaction occurred."

:thumbsup

and the people there have nothing to gain by hyping bitcoin so much...

but if bitcoins will be worth 100K each why would anyone in their right mind sell them?

The guy just bought a Porsche for 1200 dollars. Don't be a hater.

no. If he did this when they were 4 bucks that would be true. If I put 10K on red and win and go buy a car for 20K I still spent 20K even though half of that was free money.

Don't hate man :1orglaugh

damn Frank you buying into this hype?

So should you :thumbsup

one reason may be the person thinks the price is topped-out. just because btc have the potential to be worth 100k each doesn't mean they will be or that everyone will hold on to them thinking that either.

another reason could be because he's an idiot. it could all be hype. remember the guy who bought a pizza for what $75K in btc. extreme massive risk.

Sounds legit.

Once traded some collectable Star Wars figures for a Motorcycle. Does that make Star Wars figures a legitimate currency? If so, I'm fuckin' rich!!!

I have a feeling that for most of you here hyping bitcoins this is your first time investing or playing with a market of any kind. Your comments, excitement, and general lack of understanding how markets work gives it away.

But kudos for getting in on it early. Hopefully you'll all make shit tones of money and become bitcoin millionaires. That would be pretty bad ass. Weird things like that happen from time to time.

That's a spiffy little ride

There any bitcoin futures/derivatives about?



As long as you sell before the hype ends then go for it..

its like day trading.. keep clearing off your positions bank the profits.

Buuuuuble

i was front and center on the big tech bubble in 2000.

that's just 1 example.

Good. I was worried you might not know when to get out.

.

i was expecting an insult, just not from you.

hmm good to know :winkwink:

and why's that?

it gives some perspective to some of your comments.

No insult. In fact quite the opposite. The fact you got in early on something that is doubling in value makes me jealous. Just remember all the sure things from the tech bubble that fell as dramatically as they rose.

Protect some of those gains buddy! :thumbsup


.

Your posts about it are actually well thought out and intelligent. Some of the others give me the impression they are fresh out of high school and just found out they could make money by buying into something. They are going to freak out when they learn about forex. :upsidedow

sorry.

i was pretty skeptical then too, i had a shit ton of options for a start-up i was involved with, it was set to go public when the bottom fell out.

i appreciate that, i've tried to learn as much about the exchange side of it as possible for my own benefit, i figured i'd share that here since there are so many peeps here that seem genuinely curious about it.

but, yeah, i am excited about it. i guess the technology appeals to me first, the algorithm, what can i say. i don't understand it but i can appreciate it.

but the timing is very exciting to me, i've learned the time to get in to an investment that looks attractive is before wall street does. i like that a lot about this. that said, it's all for fun.

lol, they are up to 141 right now? da faq

Then, when it gets to a certain price, resistance gives way and they all buy in, and mortgage their houses, and sell their TVs, and buy buy buy, and they talk down to waiters, and quit their jobs, and ... within a few months before they are thinking they will sell and come live near you in a big house in Thailand - the bottom falls out. Sad faces, suicides, divorce, repossession, article after article about "what went wrong" and "why we should have known". It isn't bitcoins, friend, it is every bubble ever. If you really want to be rich, stop buying bitcoins and start profiting off the suckers who do. When you see them really buying, when you see an article in Time Magazine called "Bitcoins: Are they the Future?" then sell immediately, even if you miss the top.

Can this story be verified that it is true? Or just some bitcoin forum with fancy pictures on it?

i'm going to guess it can never be truly verified, right? due to the anonymous nature of btc.

you left this in my thread..i thought I'd return it to you

hey Ninavain, in loving respect for the rest of us

please stop

francks unbalanced.. let him have it

Yea, there is not even a link to the craigslist ad of the car for sale or anything right?

what's the rule for posting a link to another forum? i have the link to the original ad offering the car for sale but it's at the btcforum

looks like it's ok to post for this

https://bitcointalk.org/index.php?to...617#msg1523617

i'ma put this here instead of starting a new thread, but i think this is a pretty good brief

currency analyst advises clients on the nature of Bitcoins and how one might value BTC

his part on how to value btc is..........lacking, maybe i missed the gist of that part



Sebastion Galy has kindly let us run his whole note, which is below the dotted line.

Read more: http://www.businessinsider.com/sebas...#ixzz2PRo3yscH

Bitcoin Nutters

It begineth:

Bitcoin May Be the Global Economy's Last Safe Haven

shiny object syndrome+greed=bitcoin mania :)

that's one way to look at it.

another way is people buying into btc now are buying into the idea before it has been proven, the reward for that support is a higher payout. the punishment for that is investors will more than likely lose their ducats.