Buy Patek with Crypto

[fabrilo]

Hi,

Anyone can help ?

Thanks

[thomaspp]

Love it!

[tyler1980]

i wouldn't.

I was reading an article the other day about just that (buying things with crypto). Bad idea. Its not a currency its an asset or an investment. Something that fluctuates that wildly should not be considered a currency and it makes little sense to pay for anything with it. No judgement about crypto itself just how it should be classified.

[brockburst]

Originally Posted by fabrilo

Hi,

Anyone can help ?

Thanks

This is too vague to be useful, what are you trying to accomplish?

[brockburst]

Originally Posted by tyler1980

i wouldn't.

I was reading an article the other day about just that (buying things with crypto). Bad idea. Its not a currency its an asset or an investment. Something that fluctuates that wildly should not be considered a currency and it makes little sense to pay for anything with it. No judgement about crypto itself just how it should be classified.

Largely depends on which crypto you are spending. Given there are 1400 of them, plenty of them can be used for payments without problem. It is no different at all from sending a wire, if a price is agreed upon, and coins are sent to an address, then you bought yourself an asset. Like a wire, if the end user doesn't keep his word you are equally screwed, but crypto is absolutely fine to use for payment.

[AK797]

I get the vibe that these should be liquidated where possible and turned into other assets if possible, such as PPs, while you can...

[tyler1980]

Originally Posted by brockburst

Largely depends on which crypto you are spending. Given there are 1400 of them, plenty of them can be used for payments without problem. It is no different at all from sending a wire, if a price is agreed upon, and coins are sent to an address, then you bought yourself an asset. Like a wire, if the end user doesn't keep his word you are equally screwed, but crypto is absolutely fine to use for payment.

i know its fine, it just doesn't make sense. The same way it doesn't make sense to pay for something with a stock the fluctuates thousand of dollars a day. You sell those "assets" at a time that fits your investment objectives, not when its time to buy something. Thats my thought anyway.

Pay for for a pizza with crypto and you could have spent $20 or $1000 for that pizza depending on where the price went the following day or hour.

[Marciano490]

Originally Posted by tyler1980

i know its fine, it just doesn't make sense. The same way it doesn't make sense to pay for something with a stock the fluctuates thousand of dollars a day. You sell those "assets" at a time that fits your investment objectives, not when its time to buy something. Thats my thought anyway.

Pay for for a pizza with crypto and you could have spent $20 or $1000 for that pizza depending on where the price went the following day or hour.

I heard a funny story a month ago during one of the bitcoin runups about a guy who bought bitcoin to purchase some sort of black market propecia. He bought about $300 worth in 2010. Turns out, he actually spent like 20 million on it by today's pricing.

[vacano]

Don’t see how you could purchase a Patek with crypto unless it’s on the black market

[powerfunk]

Originally Posted by tyler1980

i know its fine, it just doesn't make sense. The same way it doesn't make sense to pay for something with a stock the fluctuates thousand of dollars a day.

Why not? If I could choose "some stocks from your Scottrade account" as an easy checkout option next to PayPal, etc, I would sometimes. That'd be great. The volatility is really irrelevant. Thinking of the cost of selling at the "wrong" time is fallacious imho; you can't wonder "what if the price goes up?" Well, what if you...don't buy any bitcoin to begin with and the price goes up? It might go down too, so there's nothing wrong with taking profits--and why must all profits be in the form of fiat currency?

Originally Posted by tyler1980

You sell those "assets" at a time that fits your investment objectives, not when its time to buy something.

It appears that, for him, it's both.

[fabrilo]

Originally Posted by brockburst

This is too vague to be useful, what are you trying to accomplish?

I Want to buy watches with crypto. Happy to pay premium for 5712 or 5711. Living in London, anyone know watches reseller that would accept crypto ?

Thanks

[fabrilo]

Thanks for the reply, seeing you are Londoner aswell, no reseller that you know in London would accept crypto ?

Thanks

[GB-man]

Originally Posted by fabrilo

I Want to buy watches with crypto. Happy to pay premium for 5712 or 5711. Living in London, anyone know watches reseller that would accept crypto ?

Thanks

There’s a guy named olivesales here that takes it. I have no idea if he’s trustworthy at all so do your due diligence. Just passing on the word. He usually lists Pateks.

[LitzDoc]

Originally Posted by AK797

I get the vibe that these should be liquidated where possible and turned into other assets if possible, such as PPs, while you can...

Exactly. Turn the ethereal currency into hard currency before the bubble pops. I would do the same if was speculating in the digital currency market.


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[powerfunk]

Originally Posted by LitzDoc

Exactly. Turn the ethereal currency into hard currency before the bubble pops. I would do the same if was speculating in the digital currency market.


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Most people who don't hold crypto would. Most people can't handle a heavily-manipulated market that crashes every couple months. Nor should they! It's not suitable for the masses now imho. But, if I took this advice I'd have sold 10-15 bubbles ago, and I'm glad I didn't.

On another note, overstock has a few Pateks for sale and they take crypto. :)

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[LitzDoc]

Very cool. My brother lives in LA. One of his friends bought a Tesla with Bitcoin last year.



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[Jareddad]

https://www.bitdials.eu

[Vegan]

keep your bitcoin. do not sell. hold til 2020

[Andad]

Dan Henry takes Bitcoin.

Buy 2000 watches from him, sell them, buy a Patek.

Simples......

[DeeTee]

Originally Posted by LitzDoc

Very cool. My brother lives in LA. One of his friends bought a Tesla with Bitcoin last year.



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The lambo dealer down the street has sold MANY with Bitcoin.
Someone bought a $5m house in my neighborhood with BTC.

Anyways, if you want to do a big purchase with BTC, check out bitpay.com

[gunrnnr]

deBoulle (Patek AD among other top brands) here in Dallas accepts crypto currency. If anyone needs any contact info please pm me and I’ll gladly help.

[2infiniti]

Why don't you convert to fiat first and purchase at your local AD?


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[jsw7]

Originally Posted by fabrilo

I Want to buy watches with crypto. Happy to pay premium for 5712 or 5711. Living in London, anyone know watches reseller that would accept crypto ?

Thanks

ajewellers in London do.

[kneedeep]

If the thread title is a question, why not??!!

[franchise717]

Wristaficionado in NYC takes crypto like Bitcoin and has a big selection of Rolex, AP, RM, PP etc. Ask for Manuela and say Andric sent you.

[jefe1999]

OP is a federal cop.

[soxfan39]

Originally Posted by Vegan

keep your bitcoin. do not sell. hold til 2020

Good call!

[MNIPZ]

Originally Posted by fabrilo

Hi,

Anyone can help ?

Thanks

A jewellers in london accepts crypto however he is a grey dealer.

[Flex368]

This thread is more than 3 years old.

[ts3]

Originally Posted by Flex368

This thread is more than 3 years old.

This, and why not get cash first and then buy the watch.