Your friend is a very adventurous player. I would not have sold the car based only on the rumors of other people.The result can be quite different and the market in 2018 it shows.
I agree with you.
Topic: Sell car for Bitcoin - page 16. (Read 2080 times)
I agree with you.
Your friend is an optimistic person in my opinion, but I suggest not to be too hasty about it, make observations and understand first what will be invested, because in the future no one can guess what will happen ... !!
This to much risky decision because their is no assurance that it will gonna happen that bitcoin it will rise $500,000 its is not believable and that was a prediction only so that you don't know if it possible. Bitcoin value was unpredictable and their is no one can knows when the value of bitcoin rise again just like what happen this 2018 they said it will rise again but until now not rising.
You can not believe the predictions. This is all manipulation of the mood of market players. They bear only a loss. My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ 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.
Advise him to sell the kidney. A person and lives with one kidney. And so he and the bitcoins will.
This to much risky decision because their is no assurance that it will gonna happen that bitcoin it will rise $500,000 its is not believable and that was a prediction only so that you don't know if it possible. Bitcoin value was unpredictable and their is no one can knows when the value of bitcoin rise again just like what happen this 2018 they said it will rise again but until now not rising.
Doing these things only or always depends on you. Selling your car or goods to buy btc will be one of the greatest achievements one can do because the person will one day reap it.
Not a good idea selling car for bitcoin as we all know here bitcoin price are unpredictable from the start. There is no guarantee about the price to hit $50k by year 2019. As much as possible to think more before considering to sell any just to buy btc.
My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ 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 unpredictable whether bitcoin prices will be at a high point at the end of the year, buying bitcoin if you have to sell a car will be very risky because if there is a loss it will lose. but if it's the best choice according to your friend maybe your friend has thought carefully. 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 know he might be sitting somewhere now lamenting, especially after reading comments from other forum members that are not encouraging, but i tend to pick something from this friend of yours and that is the ability to take RISK. if he continues with such heartset then definately one day, fortune will shine on him, kudos bro.
Your friend is a very adventurous player. I would not have sold the car based only on the rumors of other people.The result can be quite different and the market in 2018 it shows.
He should be careful enough and understand the nature of the risk he wants to take. It could go either ways- he can either win or loose since no one can predict the future of the crypto market
that decision was rational and selfish, but i envy his courage to take such decision, it may seems it doesnt worth it but the volatility of the crypto market cannot be predicted, am not of the school of thought that bicoin will rise to such magnitude, but i strongly believe the future is healthy for bitcoin and cryptocurrency.
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
In the world of investment, even not in crypto, you should always follow the golden rules. Do not invest what you cannot afford to lose and always do your own research. I don't mean to say that bitcoin is a bad investment, but he should be prepared for the consequences. It doesn't mean that if you invested to something, you are going to be rich instantly.
in my opinion it's not necessary because of the current price of Bitcoin. I don't think it's reliable. because I say we should create money from it from now on. And leave when the bubble pops up
One major cause if several suicide cases is unrealistic expectations. I do not know what he has read or learnt about crypto. Despite the fact that we believe it can rise significantly some years to come, it doesn't call for such risks
It is better physical gold bought, but not bitcoin. The next crisis will show what will happen with the dollar, bitcoin and gold.
Maybe bitcoin can reach 500k but what if it won't? He has plan b? Biggest mistake is to invest bitcoin (or anything else) with all your money. If you don't have a plan for time when you lose you shouldn't do that stupid move.
I heard that in Germany some companies what sell cars started to accept bitcoins. That's one more thing that we are going to accept that cryptocurrency in Total.
I would say he made a very bad decision about quitting his job.Selling his car for investing on bitcoin is totally fine, but giving up his job and depending on cryptocurrency means automatic financial suicide. Unless he has enough money to throw out, he is going to regret what he did. His job gave him a steady flow of income every month, which he won't be getting by investing on crypto currency.
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