McLaren 720S seller looking for bitcoin

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BEAM Staff
December 22, 2017

The cryptocurrency Bitcoin, which is attracting a huge amount of mainstream attention, has fallen significantly, after a brief period of relative stability. However, it is still captivating businessmen’s attention who are still waiting for its projected peak.

As the value of bitcoin has skyrocketed some weeks ago, Bitcoin provoked such a craze that a seller, located in Atlanta, Georgia, is decided to offer up  his (almost) new McLaren 720S on Craigslist for 20 BTC – lowered from the 30, 25 and finally the 23 BTC they were originally asking.

The seller underlines, in no event will he accept cash, "bitcoin ONLY".  The icing on the cake is that he wanted one and a half of the original price. The 720S starts at around $285,000, and the days the advert was published, a single Bitcoin equaled $17,249.90., which meant that McLaren 720S was sold for around $431,000.

A minimum deposit of .0001 BTC will be required to confirm a public meeting with the car. The seller also asks not to contact him with unsolicited services or offers. Business only!

The British sports car designed and manufactured by McLaren Automotive, the second all-new car in the McLaren Super Series, replacing the 650S beginning in May 2017 McLaren 720S has been was one of the most coveted cars since its Geneva Motor Show premiere but it seems that this seller also wants to make a deal thanks making the most of two big tends, meaning the Bitcoin boom.

Why would you spend more than the initial price on a cat with ”just 750 miles under its belt”?  The vendor justified the price citing a number of extra features, including Azores calipers, 10-spoke lightweight wheels, visible carbon body structure and carbon sill panel, Stealth pack, sports exhaust, gorilla glass door upper, and McLaren Track Telemetry. This is also the top-of-the-line Performance Trim, which made the price sound right.

And the main reason was, “You’ll end up waiting months if you want one new. I have one here ready to go in perfect condition.”

“Only 20 coins! (lowered from 30 coins) It's a bargain compared to the guy who bought a pizza for 10,000 coins in 2010!”; reminds the God of marketing.

The seller makes the allusion to someone who apparently paid 10,000 BTC for a pizza back in 2010, and looking back, that is an extremely unfair trade. In today's money, that equals $196,499,950.00 USD—so, in the end, this McLaren really is a steal in comparison.

This offer makes those who didn’t buy bitcoins in 2010 consider it their worst decision in the past as in 2010 when bitcoin rate was only $0.08 per 1 Bitcoin.

?????????? ?? cryptrisian (@cryptrisian)

The iconic McLaren 720S can go from 0-62 mph in 2.7 seconds (0.3 seconds faster than the 650S and 0.2 seconds faster than the time of the 675LT), and 0-124 mph in 7.8 seconds (0.6 seconds faster than the 650S, 0.1 seconds faster than the 675LT).

An innovation of the technology first seen in the McLaren P1 hypercar, the MonoCage II is a one-piece carbon fibre tub that now includes the roof. Unique to the supercar category, this high-strength, low-weight passenger cell provides unrivalled rigidity, resulting in thrilling driving dynamics and exceptional protection for you and your passenger.

The MonoCage II, unique to the 720S, extends over the engine bay and includes wider door apertures that open into the roof. For sure, the description sounds as a dream-come-true, so anyone who decided to get a Christmas present like this wouldn’t be driven away by the car’s price.

But this exaggerated price is no longer valid, as if we take the current rate which has shifted significantly, it turns out that the seller now claims $240.570. 1 Bitcoin equals 12028.53 US Dollars today. God save the volatility.

As the price of Bitcoin continues to decrease, the price becomes more and more unrealistic, but for the seller, this time.

Anyway, the seller of this McLaren 720S will not be the first or the last to claim bitcoins. It must be said that this cryptocurrency may once again climb. Some analysts project a new rise and even are speculating that it could keep rising towards the $1m mark.

Taking into account the last trends, numerous financial experts are advising potential investors to avoid getting involved with bitcoin, as it has created a bubble that could burst at any moment.

In late 2013, Lamborghini Newport Beach announced it sold a white Model S with the 85 kilowatt-hour battery pack and performance package for bitcoin.

"That's right, an electronic currency was used to purchase a fully electric vehicle," the dealer noted on its website. "Lamborghini Newport Beach is proud to announce that we are fully capable of accepting Bitcoin as payment for vehicles. We are excited to be opening the door to this new currency."

It's important to note that the sale was made by an independent dealer and not Tesla, which at that time wasn’t officially accepting Bitcoins.

A Chinese investor recently made a similar purchase with another cryptocurrency, Litecoin. According to a report from Bitcoin.com, he purchased $5.3 million USD worth of exclusive F1 cars from the last ten years, cashing in on favorable exchange rates.

One week ago, a four-bed Essex house became  first in UK to be sold in cryptocurrency.

Go Homes also confirmed it is selling a second, £595,000 home for Bitcoin on the new estate in Elmstead Green, Colchester.

But the sale comes as financial experts warned yesterday the cyber-currency’s bubble may be about to burst and with investors going bankrupt.

The unnamed home buyer is seen as a so-called “Bitcoin miner”, making an early killing on the cryptocurrency and is now converting it into bricks and mortar.

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