Sell car for Bitcoin - page 13. | Bitcointalksearch.org

bbcolex

full member

Activity: 686

Merit: 100

Quote from: Starkick on September 17, 2018, 05:48:59 AM

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.

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.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Chicksteen on September 18, 2018, 12:16:27 AM

Quote from: kucritt on September 17, 2018, 07:01:27 PM

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.

sino22

sr. member

Activity: 438

Merit: 250

This is ridiculous, selling assets and stopping working, why not use the money available, without selling the existing assets ... even so everyone hopes there will be developments in crypo for next year

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: kucritt on September 17, 2018, 07:01:27 PM

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

Even I don't think that Bitcoin will lose its popularity soon. There are still lots of novices who buy their first crypto as they believe in it. And for now there's no reasons to forget about it. I'm sure the price will not reach 500 000 but it will rise for sure.

dablatair

member

Activity: 324

Merit: 15

Hello,

It is for me a real bad decision to take so much risk in the market we have. I really think that market will again go up in the next months and 2019 but is is really impossible to go up to 500 K$. Even in good increase is not so easy to predict.

I really trust the good advice of "you could invest what you are willing to lose", we are in speculative market even the interest of the technology itself and there is high of loosing money. So better to keep the head cold and invest what you don't need right now furthermore not selling important stuffs.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: fokinflor on September 17, 2018, 06:53:35 PM

Quote from: Starkick on September 17, 2018, 05:48:59 AM

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.

I really like his confidence, but dont risk the car IMHO. This year might not be the year of bulls in crypto, it might take another 12-24 months for mass adoption followed by bull run. Hope you talk to your buddy and make him understand that.

Of course I did, but he's very sure he does the right thing.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: lemur1489 on September 17, 2018, 05:50:38 PM

Quote from: Starkick on September 17, 2018, 05:48:59 AM

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.

Advise him to sell the kidney. A person and lives with one kidney. And so he and the bitcoins will.

Quite cruel advice, man..

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: VEHUIAH on September 17, 2018, 03:03:47 PM

It is better physical gold bought, but not bitcoin. The next crisis will show what will happen with the dollar, bitcoin and gold.

Do you think that crisis that affects dollar and gold will affect Bitcoin too? Is crypto somehow connected to the world currencies?

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Twinscoin2017 on September 17, 2018, 12:25:58 PM

Quote from: pundit on September 17, 2018, 11:59:08 AM

Quote from: Starkick on September 17, 2018, 05:48:59 AM

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 really not recommended, selling his car for bitcoin is ok but not doing work with the hope that one day bitcoin will rise to $500000 should really be avoided, keep you regular work as usual, you can alternately invest your saving or any money which you do not need currently in bitcoin or any financial market, volatility is very high in such markets to each step is to be taken carefully.

Well i think there is no harm on trying, if you have two cars you can maybe sell the old one for bitcoin, today is really the best time to invest in bitcoin due to huge and and if you are lucky and we gain on it we can maybe buy two cars from the profit that we can maybe get by buying and selling it when price rise.

But the point is that he has only one car that is really needed and he's gonna risk everything in order to become reach one day if the predictions will come true..

KXC247

jr. member

Activity: 294

Merit: 1

Cryptocurrency is a volatile sector and its not advisable to sell off your property for bitcoin investment. What needs to know how to do things and also manage risk by investing what one can afford to lose. This is basically how these things are done in my own opinion.

haidil

sr. member

Activity: 784

Merit: 252

I think it's too risky because I think it's too brave and deciding to stop working is ridiculous. even though I hope bitcoin 2019 will be better

TheWalkingCoin

full member

Activity: 532

Merit: 100

Its heard not good ideas for selling your car and make investment at bitcoin, I know this moment is best chance to buy and invest at bitcoin, but you can’t do it. there are not sure about bitcoin will growing up at the end of year.

Johnny28

newbie

Activity: 4

Merit: 0

Quote from: Starkick on September 17, 2018, 05:48:59 AM

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 is doing wrong because no one can predict about bitcoin. Price of bitcoin fluctuates every second. So before doing anything like that he should think twice.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Quote from: Artofmovement on September 18, 2018, 05:46:08 AM

Quote from: ?? on ??

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

Yeah it’s called a lot more people need to buy and hold it. Once it achieves some stability and the whales cannot move it much then it can be used for its true purpose as a currency. Until then it is primarily a gambling chip on steroids.

Even its worth it, still its not wise thing to do because there are still risk to take. But if you have old type of car and you really want to get new one then sell it and the money you get from it invest it in Bitcoin but don't put all. Its better if you divide your money, one for your investment and the other half is for other crypto to invest but make sure it has potential like Bitcoin.

cris17

full member

Activity: 640

Merit: 100

The best is to invest only free money, that you don't need. If he can live and work without a car, then it's okay, but if his job requires a car and he sold it, then better to search for another job until he is not reach yet Wink

Artofmovement

newbie

Activity: 23

Merit: 0

Quote from: ?? on ??

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

Yeah it’s called a lot more people need to buy and hold it. Once it achieves some stability and the whales cannot move it much then it can be used for its true purpose as a currency. Until then it is primarily a gambling chip on steroids.

dominional

jr. member

Activity: 196

Merit: 1

Selling car for bitcoin, the first question is what type of car used of good one. If you are tired of your instead of packing it in a place and getting spoil you rather sell and invest the money in bitcoin and sooner than latter in will yield multiple reward

Viviornitier

newbie

Activity: 36

Merit: 0

Quote from: ?? on ??

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

The blockchain it runs on wouldn't be near what it is without Bitcoin. Both are what create the value, and more importantly, the potential for value that will likely continue to grow as we move forward over the next few years.

Raldyn

member

Activity: 240

Merit: 10

selling cars for Bitcoin is a bad thing in my opinion, because BTC is very uncertain in 2017 many predict that BTC will touch the price of tens of dollars, but in reality this year it is not according to predictions it should not do that

KenziCharlie

jr. member

Activity: 30

Merit: 2

Quote from: Summerwalk on September 18, 2018, 04:52:54 AM

Quote from: ?? on ??

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

I’ll admit I’m new to all of this, but I’ve totally thrown myself into it over the past couple months. For years I maintained a completely uninformed opinion of bitcoin based in part on my reading of John Kenneth Galbraith’s “Short History of Financial Euphoria” (which I highly recommend). But after taking the time to learn what this actually IS, I am convinced that this is an absolutely fucking world changing technology. There is a “there” there. This is real. Bitcoin is not tulips. This is the beginning of phase II of the Information Age. At this point I think you either get it or you don’t. All I suggest is invest some time to really understand the technology. If not because you’re investing, do it because it is literally changing everything before our eyes.

That kind of thinking is exactly what led to Bitcoin to $20,000 and back to $6200. People buying to gamble and make quick bucks instead of seeing its very little real-world applications. People will always point out a cafe that accepts bitcoin but failed to point out the other 1,000,0000 cafe that doesn't.

Topic: Sell car for Bitcoin - page 13. (Read 2079 times)