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Topic: Sell car for Bitcoin - page 15. (Read 2080 times)

hero member
Activity: 3010
Merit: 629
September 17, 2018, 11:12:55 PM
Well we always say dont invest what you can afford to lose even how good the investment is, thinking profit ahead seems not right because we dont know what's in the future of bitcoin.

Im not saying the price cant soar high but we must not set aside the possibilities of not so good outcome. Selling your car for btc is not bad if you know the consequences of your action and you truly believe in bitcoin.

However we should not believe or rely our decision to invest just because of some "experts" prediction, prediction will remain prediction and not reliable at all.
newbie
Activity: 53
Merit: 0
September 17, 2018, 11:12:23 PM
it's a very crazy idea ... it's really crazy for me, but if it's been a choice in his life, hopefully he gets a profit that doesn't disappoint because he has sold a car just for bitcoin .
member
Activity: 653
Merit: 10
September 17, 2018, 11:05:24 PM
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.
member
Activity: 66
Merit: 10
September 17, 2018, 11:03:37 PM
Good job.if you can sell your car.
It's mean you are interesting in business and its true to start business you should have some money. So if you have option of selling car to get money for starting your business in bitcoin then its completely excellent decision. But you should have knowledge or some experienced related to business then it will be more good for you.
member
Activity: 180
Merit: 10
September 17, 2018, 10:52:17 PM
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 I will do this, because if the price of bitcoin like this I could lose my car crazy, but if the price of bitcoin is high, there is no harm in trying.
but I'm sure also bitcoin will rise
full member
Activity: 462
Merit: 100
September 17, 2018, 07:33:23 PM
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.

Actually this idea also comes to my mind,selling my house and lot to buy bitcoins this is how i trust this virtual coin together with altcoins as i am sure that futures lies on this great innovative creation of satoshi nakamoto

We're under conversation (me and my wife ofcourse)about what is the next move after selling our assets,at first she is totally disagreeing but along the way and after being active in forum now she’s supporting me and trusting cryptocurrency
sr. member
Activity: 518
Merit: 250
September 17, 2018, 07:23:10 PM
Steps that are too daring to speculate. By selling a car to buy Bitcoin, in the hope that it will make a lot of profits by the end of 2019. In this case there is no need to blame anyone. Because 2019 hasn't happened yet, if you look at the current situation, the price of bitcoin is at a price of around $ 6k. Maybe you think the price is far from $ 500,000. I want to say, everything can happen in cryptocurrency. Although it's less likely to touch the price of $ 500k, but there is no harm if your friend dares speculation. You need to encourage your friends. And say everything will be fine.
sr. member
Activity: 1974
Merit: 450
September 17, 2018, 07:19:09 PM
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.
It's still risky, we still don't know if we already hit the bottom. But I believe if he/she bought bitcoin around $6,000, then that is a good entry one. It's good decision, Bitcoin is just making some price correction, soon, it will become stable , just patience.
yes, of course the risk will continue to be in every business, we only need to make the risk smaller. if you believe the $ 6000 price for bitcoin is a pretty cheap price, I think it's good enough to have it. but I do not recommend selling assets such as cars to get them, because I think we can still get them another way.
member
Activity: 350
Merit: 12
September 17, 2018, 07:17:14 PM
sell car for bitcoin...i don't think it is a good idea.Buy bitcoin without sacrificing some of your properties unless you two or more cars
full member
Activity: 392
Merit: 112
September 17, 2018, 07:11:45 PM
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.
It's still risky, we still don't know if we already hit the bottom. But I believe if he/she bought bitcoin around $6,000, then that is a good entry one. It's good decision, Bitcoin is just making some price correction, soon, it will become stable , just patience.
full member
Activity: 616
Merit: 100
September 17, 2018, 07:01:27 PM
if they already do that i think we wouldn't judge him, but if they haven't do it i think you can tell him about the risk, about the car that you sold will gone if the bitcoin price is drop or bitcoin is not popular anymore in the future
jr. member
Activity: 116
Merit: 3
September 17, 2018, 06:53:35 PM
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ 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.
member
Activity: 518
Merit: 14
September 17, 2018, 06:50:07 PM
if I don't sell cars but I sell motorbikes for additional investment capital in bitcoin bro. because now will use the opportunity to buy bitcoin because the price is still falling.
jr. member
Activity: 504
Merit: 5
September 17, 2018, 06:39:28 PM
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.
Selling you properties to invest in crypto is what I will never advice anyone and I think this is unreasonable and over exaggerating, greedines. This is really the best time to invest on crypto as the price is down now but not to an extend of looking for 500% profit.
member
Activity: 448
Merit: 20
September 17, 2018, 06:28:10 PM
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 must have studied this decision well
No. 500000 I think too exaggerated
I think this estimate of John McAfee is known for his broad imagination
  BTC is worth the investment and the price is good now
But not for 500,000.
member
Activity: 392
Merit: 11
September 17, 2018, 06:28:04 PM
I firmly believe that your friend is right. The value of a car as soon its purchase will depreciate. However, from what I know and what people are saying the value of Bitcoins will grown in an average way (that is there will be numerous bull runs as well as huge corrections, but in general the price will go up), thus you friend would gain in the long term, I think he is on the right track. All the best for him!
full member
Activity: 952
Merit: 107
September 17, 2018, 06:25:31 PM
he would buy the most expensive car when BTC reaches the price he wanted . we need more people that take all chances to invest like him
I think it is a good decision to sell a car for bitcoin investment because the car cannot have the same price after you bought it on the market unlike bitcoin that has possibility to give profit. I will do the same when I have it because you can earn big and buy new car after gaining a profit. Though the risk is big, there is no used to be afraid of that because in life there is no risk free.
jr. member
Activity: 192
Merit: 3
September 17, 2018, 06:22:05 PM
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.

If you think that you can earn much more in bitcoin by sacrificing your car then it is your choice. I just remind you investing in bitcoin is very risky and you just invest the amount that you can afford to loss.
newbie
Activity: 147
Merit: 0
September 17, 2018, 06:16:08 PM
This is an ambitious move for him and I like the idea that he wants to invest in bitcoin. However, if he will be in financial trouble when disappointment comes then I suggest he make the investment wisely.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
September 17, 2018, 06:11:29 PM
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.
For me, that's a good decision he ever had because the price will really go higher but $500k is too much for next year. I'd rather go for a commute than to used cars who are more expensive everyday considering the cost of the fuel here in my place. For sure, your friend will become a millionaire because of that decision, he's a real risk taker.
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