{"id":113140,"date":"2021-02-17T05:32:39","date_gmt":"2021-02-17T05:32:39","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113140"},"modified":"2021-02-17T05:32:39","modified_gmt":"2021-02-17T05:32:39","slug":"youtuber-regrets-spending-37-btc-now-worth-1-8m-on-used-hondas","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/youtuber-regrets-spending-37-btc-now-worth-1-8m-on-used-hondas\/","title":{"rendered":"YouTuber regrets spending 37 BTC \u2014 now worth $1.8M \u2014 on used Hondas"},"content":{"rendered":"
A Honda enthusiast has released a YouTube video revealing how he spent a bunch of Bitcoin on two used sports cars.<\/p>\n
Known on social media as \u201cNSXTRA\u201d, Chris Cut\u2019s Feb. 16 YouTube video titled \u201cIdiot Spends $1.8 Million of Bitcoin on Old Hondas\u201d reveals how much he regrets spending large amounts of Bitcoin at today’s prices on the classic sports cars.<\/p>\n
The first car in question is a Honda NXS Targa which he bought on Valentine\u2019s Day in 2017, claiming to have got it for a \u201cgreat price\u201d of $30,500, which he paid in Bitcoin, calling it \u201ca steal\u201d.<\/p>\n
On the day he bought the Targa in 2017, BTC was trading around a thousand dollars a coin so the car cost him 30.5 BTC. At today\u2019s Bitcoin prices, the car set him back almost $1.5M<\/p>\n
He added that he parted with 6.5 BTC to pay for another Honda on Black Friday 2018 when Bitcoin was trading at $4,300. That amount of Bitcoin would have been worth $293,000 using BTC prices on Feb 14 when the video was shot. <\/p>\n
Cut revealed that he was not bothered about paying in BTC for the cars at the time. But four years later the realization of his lost gains has set in:<\/p>\n
\u201cBut then I started doing some math and it made me kick myself in the ass and I feel pretty depressed,\u201d<\/p><\/blockquote>\n
<\/p>\n
At current Bitcoin prices, he spent the equivalent of $1,773,000 on two used Hondas \u2026 Ouch.<\/p>\n
\u201cI obviously have regrets about that because I can buy a lot of NSXs today for that price. [\u2026] Essentially I turned 37 Bitcoins into 2 Bitcoins,\u201d<\/p><\/blockquote>\n
Cut is not the first person to prematurely sell his crypto or even to buy a Honda with it. Dogecoin founder Billy Markus revealed that he sold off his DOGE stash in 2015 for an amount equivalent to a used Honda Civic, though he didn\u2019t confirm actually making the purchase.<\/p>\n
The most famous regretful sale though would be the Bitcoin pizza which was the first tangible asset ever bought using BTC in 2010. Today, Laszlo Hanyecz\u2019s Pizza would be worth a staggering $500 million. <\/p>\n