Sell car for Bitcoin - page 19. | Bitcointalksearch.org

Xena_Xena

copper member

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Quote from: Bastok on September 17, 2018, 09:27:33 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.

As we believe in bitcoin, I think I will do the same to sell my car (if i have a car😊) but i will not sell like my property or house and lot. Because he is right that he can buy one or two car once he able to gain profit of his investment. And for the mean time as mode of transportation going to work, he can ride a bus or train. There are options. I think car is only want not a need.

This is not true. Whatever the prospects, but to sell the necessary property and take loans - these are things that are not allowed to the crypto enthusiast. Bitcoin may not reach a large price in the next ten years. And then what? This person can even incur losses if he buys too much.

thisav

newbie

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In my opinion, investing the crypto coins only you have enough liquid assets. It's because there's a higher chance for the coins to have a high fluctuation in crypto market compare to normal financial market. If you have enough liquidity, even there's a sudden decline, you can still wait the markets to recover, and do not need hurry to cash out. In this case, I would not recommend your friend to put all his money in the crypto market.

Xena_Xena

copper member

Activity: 83

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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.

It must be stopped. Bitcoin will certainly grow, but no one can guarantee that it will grow to the heights of which your friend thinks. In crypto-currencies it is necessary to use only those money which it is not a pity to lose.

Gliter09

newbie

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I think he's too ambitious to get a profit, especially the car he sells is a car that is useful for supporting his work. It would be natural for him to invest if the car he sacrificed was a car that was rarely used.

Bastok

newbie

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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.

As we believe in bitcoin, I think I will do the same to sell my car (if i have a car😊) but i will not sell like my property or house and lot. Because he is right that he can buy one or two car once he able to gain profit of his investment. And for the mean time as mode of transportation going to work, he can ride a bus or train. There are options. I think car is only want not a need.

Starkick

jr. member

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Merit: 5

Quote from: darko.bountym on September 17, 2018, 08:51:25 AM

if the price reach $500k your friend will be rich, but if not good luck to him Cheesy

Hope he'll give me some no mater I created this thread Cheesy

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Ray55 on September 17, 2018, 08:49:08 AM

The prediction does not always come true. Do not believe the prediction on the exact market like Bitcoin. but If your friend has a personal business or a permanent job, then it's ok, But in this case, your friend has the advantage of having a lot of money. because the bitcoin market is slowly getting strong again. Then a big company supports Bitcoin.

Hope that it will really get strong enough in order to let him earn at least some money, not to lose them. But I'm afraid what he would do if the rate will fall again soon. It will be something crazy probably.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: calandra78 on September 17, 2018, 08:32:26 AM

Quote from: BitTheLight1 on September 17, 2018, 08:18:14 AM

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.

Ianbadz2000

newbie

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I think this is not good decissions, because of your wants to have a capital for your investments to buy bitcoin, think twice how important those things for you because bitcoin today is not in a good position you may lose some even your cars will gone away..

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: alex_gr_cc on September 17, 2018, 08:27:55 AM

The fact that someone does not need to work is fundamentally wrong. Such confidence will lead to nothing good. It is a mistake of many to rely on bitcoin growth and do nothing. In addition to greed, this does not generate anything. The market, as a rule, punishes such.

There are more and more such people. First these were video bloggers and everyone started to shoot videos thinking they will earn much with that.
Then Instagram models appeared which decided that they can simply post different photos, gain followers and do some ads sometimes in order to earn for the living.
And now those who want to earn money by simply investing everything to crypto.

I'm just wondering what will happen to all these people in 10-15 years.

Zebedee23

legendary

Activity: 2086

Merit: 1001

when BTC was $200 a few years ago , no 1 thought it would ever be $6k+ any time soon and here we are. Same could be said for $500k & today!!! Now it seems insane & unrealistic but in a few years its certainly possible. If your friend can get by without his car ok maybe not the worst decision Huh

gorokill

sr. member

Activity: 490

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Investment has 2 possibilities, profit or loss. and I hope your friends know about crypto investment, what your friends expect is very possible but does he know the risks of Bitcoin investment? maybe now is the right time to buy Bitcoin, because the price is not too high, but the risk of losing still exists. I hope your friend gets a good return from Bitcoin, because he has sacrificed a lot for Bitcoin investment.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: BitTheLight1 on September 17, 2018, 08:18:14 AM

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

Did he borrow thousands of dollars? Or it was a small amount of money? How much risky was it?

Friskaadew

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Activity: 168

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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.

in my opinion this is a wrong example, it might be legitimate just because it's the money he has. but it is supposed to invest we use idle money as investment. instead of using our basic needs, if doing it this way is like gambling

brijeshmota

newbie

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I also believe in bitcoin and also I want to fill my bag with bitcoin but unfortunately i have no car for sell otherwise i also sell my car and buy some bitcoin.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Ra.moomoy on September 17, 2018, 08:11:23 AM

We are different people so we have different opinions but for me, that idea is not necessary. We can believe what other's tells us but no one can predict what truly be the value of Bitcoin because part of it's characteristic is being volatile, Though your friend has a will to do so. But, ideally for me selling your own car is not necessary.

I will be really happy for him if it will work. Maybe not for 500 000 but at least for something. I want to believe that coin will not crash and he and lots of others that behave like he does will not suffer much because of their naivety.

darko.bountym

newbie

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if the price reach $500k your friend will be rich, but if not good luck to him Cheesy

Flexibit

sr. member

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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 can sell his car if it has the assurance that bitcoin will reach that value, todays value is very far from that price so for me it is not worth it if he sell his car for that reason. it is just a prediction so he should think of it before he did it.

Ray55

jr. member

Activity: 162

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The prediction does not always come true. Do not believe the prediction on the exact market like Bitcoin. but If your friend has a personal business or a permanent job, then it's ok, But in this case, your friend has the advantage of having a lot of money. because the bitcoin market is slowly getting strong again. Then a big company supports Bitcoin.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: seoincorporation on September 17, 2018, 08:00:39 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.

Nothing warrant us that bitcoin will hit $500k at end of 2019, is a crazy bet to place. And no, i thing it doesn't worth it if he really use the car to go to his work, what if the price keeps crashing and end at $1k till the end of 2019? You know how this crazy markets rolls, and nothing is secure now days, it can go up to the moon, but it can crash hard, that's why we call it a high risk investment.

I clearly understand that there's no warranty even in the point that Bitcoin will rise for 1000$, but these "enthusiasts" simply powder the brains of those who understand much in crypto market.

Topic: Sell car for Bitcoin - page 19. (Read 2079 times)