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Topic: Sell car for Bitcoin - page 18. (Read 2080 times)

sr. member
Activity: 532
Merit: 250
September 17, 2018, 11:33:56 AM
#95
If i want to sell my car i can sell for Bitcoin ofcourse but i would never sell my car for buying bitcoin. Today you can exchange anything with the Bitcoin or any cryptocurrency, it is not a surprise anymore. I am sure that in very near future we will be able to spend any of our coins in any markets..
if my advice is better don't sell our valuable items just for bitcoin, because it's very risky. and if my advice also does not have capital it is better to join the campaign bounty because it is very productive and we can get bitcoin for free too
full member
Activity: 616
Merit: 118
September 17, 2018, 11:23:15 AM
#94
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 think that is the wrong thing because the price of bitcoin is very fluctuating, doing all in bitcoin is a bad thing, the money used to invest is money that is not needed
sr. member
Activity: 826
Merit: 265
September 17, 2018, 11:15:36 AM
#93
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.

We all have the rights on what to do with all of our assets and money since we earned this hardly but we must not forget the importance of this and never let losing for nothing

Investing in cryptocurrency specially to bitcoin is one great option to earn maybe not for now but for the future ,since this may tale long time before we can harvest our profit so from this investing little each time can bring us fortune in a couple of years if lucky.

For your friend i wish him goodness in his decisions,and to other aspiring investors please refrain from doing same as what Ops friend because investing what we can afford to lose is still the better outview in this community
full member
Activity: 414
Merit: 100
September 17, 2018, 11:14:19 AM
#92
Smart thinking, many people have done the same thing and succeeded.
I've heard of someone pawning his car to buy Bitcoin and now has 4 cars in his garage.
every time Bitcoin drops significantly, he will pawn his car to buy Bitcoin and no more than 3 months he can buy two new cars.
But here I just warn, if you want to do the same thing you should be able to analyze Bitcoin properly, don't let what you have become lost due to your mistakes.
full member
Activity: 854
Merit: 115
September 17, 2018, 11:11:04 AM
#91
is that really crazy that is a very risky decision even though it might happen that the price of bitcoin will rise by 2019 but it's really crazy. I think it's safer to invest with unused money
jr. member
Activity: 134
Merit: 1
September 17, 2018, 11:04:43 AM
#90
My friend also had such thoughts, selling his car to buy Bitcoin or Altcoin. considering cryptocurrency continues to fall, making a good price to buy.
However, I think if you have to sell a car that is used daily it is too extreem.
Investment in bitcoin must be unused money, so as not to lose a lot of money, because we don't know Bitcoin can rise in the future.
newbie
Activity: 56
Merit: 0
September 17, 2018, 11:03:30 AM
#89
In my opinion, your friend is too brave to make that decision. Because investment in bitcoin is very risky and unpredictable. Moreover, he left his job.
newbie
Activity: 51
Merit: 0
September 17, 2018, 10:59:53 AM
#88
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 think its stupid. Don't get me wrong I invested in BTC and other coins and I want to make as much as I can ...but selling your stuff and buying crypto...look its always healthy to calculate the risk. Ok BTC will rise again but what if it takes 1 or 2 years ...what would your friend do in that year or two. I hope the BTC gets that high in 2019, but going all in is not the smartest thing.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
September 17, 2018, 10:53:36 AM
#87
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.

Good choice, thats a wise decision.because not all people are believe in bitcoin but after all they regrets when they saw that bitcoin pump and mooning. As long as theres a believers/community that supporting bitcoin.in the future they can earn more from it.
well, I will do the opposite, sell bitcoin to buy a car. well, now bitcoin is so famous, and the price of 2 bitcoins is enough to buy a pretty good car in my country. well, I've tried it, so I use bitcoin to increase real estate, like cars, houses, gardens and much more.
member
Activity: 193
Merit: 10
September 17, 2018, 10:51:23 AM
#86
Noob reason, is he still thinking? sell car for bitcoin? seriously? With just a kind of prediction? he will put his car for this?there is some other  way like investing it on a business or something not in BTC because we all don't know when will it end. How about his kids on the future or now?Does his kids will undestand bitcoin? unless he teach it but just a prediction? he will put his life on a bitcoin agh.. poor reasoning.
newbie
Activity: 281
Merit: 0
September 17, 2018, 10:45:37 AM
#85
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.

   Digital market is unpredictable and bitcoin is volatile. Nobody holds the future of bitcoin even we always said that there is a bright future in bitcoin. Only time can tell the future that's why we always remind everyone that invest only the amount that you can afford to loss. Maybe your friend doesn't care about his car and think that investing in bitcoin is much better. He is very courageous then let him take all the risks of what he has done.
hero member
Activity: 1492
Merit: 763
Life is a taxable event
September 17, 2018, 10:37:23 AM
#84
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.

First of all, this is a horrible idea.

Even if the price where to go up, selling a car incurs certain opportunity and frictional costs, depending on where you live. There are taxes and fees to transfer the title, the cost of selling the car (time and money) and potentially the time wasted in getting to and from work by other means.

That depends on where your friend lives.

So he could lose money even if the price went up.

The price can also go down.


Your friend is displaying a childlike ignorance of investing fundamentals. Just because he hopes bitcoin will go up to x price doesn't make it any more likely.

Why does he believe that? It's just not going to happen. Think about all the people who now have bitcoin. Wouldn't they sell a certain amount as they gave up working for a living?

Even if they kept 95% of their bitcoin the price would still be pushed down, and who would be buying at that price? Where would the money come from?

Yes, the economy can grow over time and bitcoin will help by cutting out the leeches but you can't expect the world GDP to grow 1000% a year and the price to go straight to the moon. It just doesn't make sense.
copper member
Activity: 83
Merit: 0
September 17, 2018, 10:20:17 AM
#83
they have not much money for buy bitcoin so they sell car for bitcoin

If  act so thoughtlessly, after buying bitcoins, this person will have nothing left at all. Do you think there were few people who bought bitcoin, and then sold it for cheap, just because the market collapsed below and they lost faith?
full member
Activity: 546
Merit: 100
September 17, 2018, 10:18:28 AM
#82
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.

Good choice, thats a wise decision.because not all people are believe in bitcoin but after all they regrets when they saw that bitcoin pump and mooning. As long as theres a believers/community that supporting bitcoin.in the future they can earn more from it.
jr. member
Activity: 332
Merit: 1
September 17, 2018, 10:15:35 AM
#81
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.

Is it worth it? Very simple math: if You believe even with 5% probability, that BTC will end at 500k, that means You should sell any car cheaper than 500 000 x 0,05 = 25 000 USD, for expected positive ROI.
full member
Activity: 658
Merit: 112
September 17, 2018, 10:09:44 AM
#80
If i want to sell my car i can sell for Bitcoin ofcourse but i would never sell my car for buying bitcoin. Today you can exchange anything with the Bitcoin or any cryptocurrency, it is not a surprise anymore. I am sure that in very near future we will be able to spend any of our coins in any markets..
newbie
Activity: 128
Merit: 0
September 17, 2018, 10:05:47 AM
#79
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.


Well in my own opinion you can invest here in bitcoin  by  buying some coins.  No nerd to sell your cat buti its your own choice to sell it.  But theirs another way.  You can join in signature campaign no need to rush and sell your car.
copper member
Activity: 83
Merit: 0
September 17, 2018, 09:58:02 AM
#78
My friend borrowed money to buy bitcoin, and his risk was justified, who as lucky, of course there are times when someone is lucky, and someone does not
bitcoin does have a big risk. sometimes they sell their valuable assets just because they want to buy bitcoin. but they don't need to be afraid, while they are positive, work hard and smart, I'm sure they will get double the profits of their capital. do not get frustrated easily in order to get a profit, because I am sure the business will not betray us

I agree with you that if to work hard on it it will work. But people like my friend want to invest and sit and wait. And he's sure that till the end of the year 2019 he'll get so much money that there will be no need in doing something anymore. And it's a wrong point of view.

In the crypto industry there is nothing absolute. And there is not a single 100% correct prediction. This person needs to be reasoned. Because with a very high probability, he breaks his life. Bitcoin must be used wisely, and not put hope on him all his life.
newbie
Activity: 17
Merit: 0
September 17, 2018, 09:53:44 AM
#77
This is a very difficult thing to happen to such a miracle. If that happens, your friend will be the strongest person I've ever known. Grin Grin
full member
Activity: 310
Merit: 101
September 17, 2018, 09:50:51 AM
#76
I really do not understand his business. Although Bitcoin is very potential. i do not support this kind of business. If he loss what will he do? Becareful with investing Bitcoin because the crypto is very dangerous when he decide mistake. Grin
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