Topic: Sell car for Bitcoin - page 11. (Read 2079 times)
your friend is insane, I think if they know about the risk of the bitcoin and other cryptocurrencies they wouldn't sell their car for just to buy bitcoin and other currencies, I think the good way they just use the small amount of his money to involve in bitcoin and cryptocurrency
Do you think that taking advantage of bitcoin is like turning your palm easily. You must be able to understand bitcoin, and the market is still too fragile and it is very unlikely that bitcoin will reach 500k this year.
But there are too many of those who don't want to learn much about crypto market as they think their money will work for them somehow.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
This is not a good idea to invest all his assets to bitcoin, and prediction is just a prediction and there is no assurance at all, no one can predict exactly what will happen in bitcoin, and in my opinion $500,000 is too far from the price of bitcoin as of today so for me this is impossible for the year 2019 to make it possible. $10k can be possible but $500k is not, and don't expect all his profit in bitcoin. He needs to still work for his daily needs and expenses. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
confidence may make people do not hesitate to do anything but if the risk that will be obtained is large, it requires considerable consideration because we also know the nature and risk of cryptocurrencies. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Do you think that taking advantage of bitcoin is like turning your palm easily. You must be able to understand bitcoin, and the market is still too fragile and it is very unlikely that bitcoin will reach 500k this year.
if you only sell the car you have to buy bitcoin and have bitcoin I think that is a very stupid thing because you can get bitcoin without having to sell your car.
Of course he can buy Bitcoins for 500$ for example but it's nothing in comparison with a really big money.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Honestly, i respect your friend's decision to sell his car for bitcoin, but in my own preferences i think its not that necessary to sell your car to invest in bitcoin, because when the price is going to drop, and you're facing the disadvantages it will be a big loss for your friend. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Of course there's always a big risk of losing money but he kindly believes that he will earn good money on it.
I think this man blindly believes in Bitcoin. I believe in it too, but still not selling my car and house. I choose to invest only part of my money which I can afford to lose.
That's the normal way of being and I asked him to do like you do. But he wants to gain much more and it's impossible with small amounts of investments. a decision that isn't too bad I think. but I do not recommend that kind of thing. if for example we sell what is not necessarily it will also be better. but some people sell everything to buy Bitcoin and give up what they have. I hope bitcoin will improve
I hope that it won't fall more at least in order to have an opportunity to get your money back not losing much.
if you only sell the car you have to buy bitcoin and have bitcoin I think that is a very stupid thing because you can get bitcoin without having to sell your car.
Nobody can determine when the price of BTC will rise high and when prices will drop or when prices will remain stable, because everything is only predictive. Everyone has a choice of how to buy bitcoin or invest in bitcoin. Even though it sounds like it doesn't make sense about what your friends are doing, hopefully you get good luck and get the benefits that you want.
Then why do some "experts" write predictions like this? They only force such people like my friend to sell everything and invest. But everyone who can think understand that the price won't be so high..
it's like suicide, reaching the price of $ 500,000 sounds like a dream, seeing the reality now the price of btc is only around $ 6,000, I believe more that this is the time btc achieve price stability, see the market now price fluctuations are getting smaller there is no big leap, I do not know this is a game or one way to make btc as a whole currency and not an asset for investment anymore, if your friend does that now, it is too extreme, from where he can meet his financial needs even though meeting financial needs is absolutely necessary, what is your friend will fast all year? may hope, but don't dream of mastering your common sense
I think this is risky but risk is the key of success. no one can't predict what's going on next.but we know that bitcoin is unstoppable. right now price is down but we hope bitcoin rise again.so your friend can invest in bitcoin.
I think it may probably work like a poker game. It's all up to your luck and if you don't do all-ins you'll never win a big amount of money.
I don't give us any decide because firstly need to decide what your friends want to him then can. Basically now bitcoin price huge down if we have to hold bitcoin then we will getting more profit.so if she/he have good knowledge about crypto world then he/she can do that selling car and buy bitcoin.
The point is that he's not very good specialist in crypto. He thinks that it will simply work for him. But maybe in some time he'll turn on his head and start learning how to trade in order to rise his income.
You have any option to hold bitcoin, so you will sell your car for bitcoin. And you know when you take a risk, then you will earn profit here, so take you own decision and do your work.
if they already do that i think we wouldn't judge him, but if they haven't do it i think you can tell him about the risk, about the car that you sold will gone if the bitcoin price is drop or bitcoin is not popular anymore in the future
Car is already sold and it is his decision. Tell him that diversifying investment can help to lessen the risk in bitcoin. If you are afraid bitcoin lose popularity then find another where you can believe on that can give profit in the future. However, I do not think bitcoin to lose popularity because it is the foundation of all other digital currencies.Totally agree, I don't think that now we have alter coins that may be more reliable than Bitcoin is. Probably that's why he chosen btc and not something else.
The reliability of bitcoin lies in the fact that, however low it falls, it always rises. He does not wait for death after reaching the bottom. People will not give up bitcoin. But this does not mean that you can believe in fairy tales about 500k in a year and sell the property for the sake of bitcoin. In the end, everything happens in life. This person just does not wait for the growth of bitcoin and will sell it cheaply.
I'm not worrying too much because of the fact I'm almost sure it will not come to an end and he could return the money he invested at least. But maybe it will work good.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Honestly, i respect your friend's decision to sell his car for bitcoin, but in my own preferences i think its not that necessary to sell your car to invest in bitcoin, because when the price is going to drop, and you're facing the disadvantages it will be a big loss for your friend. He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
I don't think its a good idea, I presume your friend invested everything to bitcoin? if yes then he messed up for real, price speculation is not an assurance. Everybody could speculate the price of btc but always remember this market is risky and everything could turn out really bad.
Can invest in bitcoin a smaller amount and increase the number of your bitcoins by selling them on the exchange for a large price and again purchasing it later on the bottom. 500K will not be tomorrow and not after a year. There is a lot of time for trading.
The point is that he's not going to do any trading things. He thinks that he will invest and then take back much more. On his opinion it works on its own.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
well, if that is interesting for you. why don't you try to discuss with your friends. because he did the speculation he had thought. of course the risk is always there, so I think you should look for other experiences, of course, in investing or trading, things that are primarily technical analysis. I'm not sure there's a big movement for this year in growth
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
I don't think its a good idea, I presume your friend invested everything to bitcoin? if yes then he messed up for real, price speculation is not an assurance. Everybody could speculate the price of btc but always remember this market is risky and everything could turn out really bad.
Yes, he invested almost everything. I mean if he'll lose these money he'll stay without car and without work..
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