0 sats \ 0 replies \ @Nuttall 1 Dec 2023 \ on: What’s the biggest purchase you’ve made with Bitcoin? bitcoin
Two Bitcoin miners in 2020. Dumbest purchase I ever made. The company was supposed two run these at a facility but after 7 months the place was not ready. I was given the option to use another place, get the miners physically or refund. I wanted the btc back. They made me KYC, and sent me the Fiat value of my original purchase. Because Bitcoin increased buying power I got about 60 percent of what I originally sent.
I would not recommend ever making a large purchase with Bitcoin! For me it reduced my stack and I've never recovered.
My reason originally was that I'd make up mining rewards. I was able to stack Bitcoin when everyone else sold and then I got cocky.
For small purchases I'd say yes but for large, no.... Unless the vendor would be willing to accept a discount due to the future value perceived. I've told people I would charge only 75 percent for a job if they'd pay me in Bitcoin. No one takes my offer.
Your home is a big deal so if your stack is large enough that it would not harm and the vendor would like Bitcoin then maybe it's good but then you have to be responsible if he doesn't understand custody or he gets rugged.