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don't waste your Bitcoin on overpriced materialistic trash cars, Bitcoiners are smarter then that

I say that depends in how much you have.

Let's say a person has 500 Bitcoin ... would a Lamborghini for 3 Bitcoin justifiable at this point?

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Buying overpriced materialistic fiat junk is never justifiable no matter how much Bitcoin one has.

I say do it!

I'm not going to stop you, it's your proof of work, you can buy anything you want with it. If you really want one then do it.