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.
Topic: Sell car for Bitcoin - page 14. (Read 2080 times)
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.
decisions like this are very high risk. because we don't know how the condition of bitcoin is going forward. but your friend has decided a decision that is so big. like it or not, the decency must indeed be borne by us.
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.
Thinking before 7-8 months, it was correct. But now, risky to say about bitcoin price. Value of bitcoin not increasing as speedy.
Bitcoin always best choice although, but now alas! A bad condition of bitcoin now.
I think because he wants to earn a bitcoin so big that he sells a car for bitcoin and because he needs money for everyday expenses for his income as well as for the family
There are many options for your investment and car sales are only a small part of your investment. I think there should be some luck and a clear plan to get the desired profit.
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.
everyone has different knowledge and experience, especially in this industry. You can do similar speculations if you have knowledge and plans for bitcoin. this is not easy because every speculation has a big risk, you must be prepared with it. but I agree if bitcoin will be able to grow higher than before, it's just not at this time.
I think it's a really stupid idea, to sell your car for investment in bitcoin, especially considering that you need a car for work. I think it's better to save money and gradually invest it in bitcoin, rather than selling a car or an apartment hoping that bitcoin will grow.
I am surprised that he actually did that. I think you could have advised him?
Anyway, I'm sure he carefully thought about it before he made that decision. I just hope he has saved enough for his daily expenses. It takes a lot of time and effort to see the ROI for this, so I hope he'll not regret that decision. All the best for your friend, man
Anyway, I'm sure he carefully thought about it before he made that decision. I just hope he has saved enough for his daily expenses. It takes a lot of time and effort to see the ROI for this, so I hope he'll not regret that decision. All the best for your friend, man
As much as I want to hold my bitcoins until it hits $20,000, I still need cash for my daily needs, so I do circulate my coins once in a while. Hopefully your friend kept some to survive until that day comes--which I think will come sooner than expected.
I think your friend has taken a good decision. Maybe your friend has enough faith on bitcoin and he doesn't care about his car. So he thinks that investing in bitcoin is much better. Although the digital market is unpredictable and bitcoin is volatile. After then he believes bitcoin investment at this bear market. I think he will buy more car in the future by investing in bitcoin. Because investing in low price and sell it at a high price is a good strategy. We know that today or tomorrow bitcoin price will be increased. So I think he has taken a good decision.
A risky investment, hoping that the price of the BTC will increase. I just invested in the electronic money market at my expense, I never thought of selling a car or home to invest. The cryptographic market is profitable, but it can also be dangerous if you invest in an unreasonable investment. Finally, still expect the BTC price will increase sharply so that he bought the car was sold. He really made a big decision.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ 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.
Apparently, there is something wrong with your friend's way of investing in Bitcoin. He should refrain from taking so huge steps in investment that he will lose almost his entire life's worth if he loses in the process. That is too high a risk to take. This, for me, amounts to obsession. Not good. No matter how much you believe in something, you should not risk everything for it.
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.
for some people who believe that the increase in the price of bitcoin is very reasonable if he wants to find a lot of profit from the current conditions of bitcoin,
I need to say, that I also do the same thing with your friends, I sell my car and buy bitcoin, because I think this is the right time for me to buy bitcoin and hope that the bitcoin price at the end of this year will lead to the highest price.
Your friend takes a big enough risk in my opinion, because investing with bitcoin only hears the words of others, bitcoin cannot be predicted by anyone can go up and down anytime, I personally won't do such a thing because it is very high risk.
in my opinion, it is a choice that can harm yourself if we sell our cars or property to be used as investments in the crypto world, and what if the market continues to decline over the next few years? So in my opinion, don't be too pushy by doing things beyond reason to be able to invest in the crypto world
It was a reckless decision, for me, I only invested at my own level. If lucky, the profit from the investment, if the risk will not lose much. Investing as your friend is very dangerous, but during this time I think the investment is reasonable but should not sell his car to invest.
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. Maybe is the best solution and ideas for selling your car and make investment at bitcoin, you can sell your lovely car and buy bitcoin for investment least two or three months until at the new years. you can take much profit at new year of 2019.
Yes he can take a lot of profit if bitcoin reach highest value like what he expect but If in the next year bitcoin still continue go down he already loss his car and he will loss his money. We never know what will happen to bitcoin In the future and if we see the market condition its almost impossible to bitcoin reach 500k. Invest in bitcoin is good but sell your car to buy bitcoin is not the right decision for me.
in my opinion it's a very risky decision, because no one can predict bitcoin correctly, maybe bitcoin reaches 500 000 $ by the end of the year, but maybe the price drops more than now, it's better to invest with the rest of the savings the risk is smaller .
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.
Yes it might work the same way as your friend have expected it to work because since bitcoin can have an increment in future in its value but not a car . Cars value isn't going to increase rather it will decrease with time so investing in bitcoin is an asset while investing in car is a liability.
Jump to: