Sell car for Bitcoin - page 2. | Bitcointalksearch.org

jemarie20

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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.

Investing in the crypto world is very risky, that is why for me selling your own car to invest it all in the crypto world is not a good moves, because if you have a good job in the real world you quite it, and spend you all times in the crypto worlds, is not good decision, but yes its depends on his discretion on what they want to do, because he is the one who can create his future, because all things happen in our life as human is depends on what we choose.

Wilhelm

legendary

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Quote from: M.C.V. on October 22, 2018, 07:24:31 AM

Because of risk you should never go all in or sell something you need to invest in btc

How should I read this

1. Because of risk you should never go all in, or sell something. You need to invest in btc.
2. Because of risk you should never go all in, or sell something you need, to invest in btc.

Wilhelm

legendary

Activity: 1652

Merit: 1265

"1 BTC will reach 500 000$ till the end of 2019"

If this is true..... *lost for words*

(If it sounds too good to be true it probably is Roll Eyes

)

brooklynian

member

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I want to believe that your friend sold one of his cars, meaning that he has a spare car which translates to spare cash. If that is the case, he won't feel bad for the fact that price of cryptocurrencies have been in decline for long and he may not be able to realize his $500,000 per bitcoin dream on time.

M.C.V.

newbie

Activity: 51

Merit: 0

Quote from: enwi on September 26, 2018, 04:47:28 AM

before we decide to invest in bitcoin then we have to know about the risks and we must be able to make decisions wisely, bitcoin prices are difficult to predict so by risking it all it will be very risky even if you succeed and have the right predictions then you will become rich

Because of risk you should never go all in or sell something you need to invest in btc

richmcrich

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Activity: 1120

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Quote from: samuland5 on October 01, 2018, 06:46:50 AM

Quote from: beezare on September 27, 2018, 06:48:25 AM

in my opinion it's up to you, but before you do it it's better to think about it again because you have to know that bitcoin has a high risk and it could be that what you predict is wrong so it will make you lose everything

I think your car is old and you want to change it otherwise I don’t think it is better idea. In my opinion people should invest only extra money in bitcoin because it is very risky and there is no guarantee that you will win money after some time. you may lose your investment because it is not like regular business. Anyway good luck for you and hope that you will be happy.

Selling car for the crypto investment is irrelevant and investors do not think about it and do not consider it to sell something and start investment. This can be okay if you sell out your useless car that is not in need right now, now you have a new car and can sell out your precious one.

This will enable you to invest in Bitcoin or any coin that you see best for investment. Right now you will not find any other best choice other than Bitcoin as it show low price market availability.

samuland5

newbie

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Quote from: beezare on September 27, 2018, 06:48:25 AM

in my opinion it's up to you, but before you do it it's better to think about it again because you have to know that bitcoin has a high risk and it could be that what you predict is wrong so it will make you lose everything

I think your car is old and you want to change it otherwise I don’t think it is better idea. In my opinion people should invest only extra money in bitcoin because it is very risky and there is no guarantee that you will win money after some time. you may lose your investment because it is not like regular business. Anyway good luck for you and hope that you will be happy.

Arsedunn

jr. member

Activity: 40

Merit: 1

Quote from: cryptojac17 on September 24, 2018, 03:38:25 AM

Quote from: riso2015 on September 23, 2018, 01:24:07 PM

Quote from: Gontxi on September 23, 2018, 05:50:50 AM

if I suggest, you should do a short trade.
because bitcoin will not grow higher than 8k, only for this year. that's what I have analyzed, but it is likely that after this year the growth will begin soon.

But many people who do sell their cars to buy Bitcoin as long-term investments,
not to short trade. We are all sure the price Bitcoin in the future will definitely increase dramatically.

I agree, bitcoin compared to car can be much profitable and this will increase gradually in a perfect time. We will be able to see price at it's highest peak of profit bracket. Short term trades isn't a good idea, but if that money from sold car will took longer terms of waiting for btc price to rise there's a great future awaits.

Every individual think differently. It is up to you that what you are expecting from bitcoin investment. Are you ready for any situation of the market? Can you bear the loss if the price drops? There are so many factors that you should keep in mind before you make investment in bitcoin. Bitcoin investment is very risky and will have to take this risk, although it is very profitable.

Mobius

hero member

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Buying during bear markets is usually the best time to get a bargain. Ultimately it is up to your friend's risk appetite.

Duogembrot

full member

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maybe for personal it is a good action because by selling a car that you own you can have trading capital to use trading in bitcoin and altcoin, I've read there are people who sell their homes only for bitcoin and after that the price of bitcoin becomes very expensive and the person is lucky can get a profit of more than $ 20,000,000 thanks to selling a cheap house just for bitcoin.

STT

legendary

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Quote from: Bezobraznike on September 27, 2018, 09:57:58 AM

I think $50k is more reasonable prediction for next year. $500k is way too
optimistic prediction for just 15 months. I believe in that price one day, but
not before 2025.

If 500,000 ever happens I dont feel it will be in a world operating in a positive situation. 500k is possible but not likely without extreme circumstantial changes such as US Dollar collapsed for some reason, maybe China sold all their treasuries and let the value fall to nothing.
Its unlikely to happen any time fast as China would lose money that way but alot of countries are backing up the value dollar which in turn people measure Bitcoin or many other prices by. If you look at Zimbabwe or Venezuela more recently, any price is possible because the scenario is that no prices matter by that point in time.

We have democracy and I pray it never comes to this, I'll take the lower price if we just get BTC more popular its good

Dikarama7

jr. member

Activity: 192

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Sovryn - Brings DeFi to Bitcoin

Your friend is too brave to take risks, sell cars to invest in bitcoin. Your friend is too excited and too predictive above the fairness limit, because 1btc will find it difficult to reach the price of 500k.

Bezobraznike

sr. member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: JMD07 on September 27, 2018, 08:29:09 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.

This is a good example of people who has a heart about bitcoin as he believes that the price of bitcoin will reach $500k just 15 months from now. It make sense as even if the price will not hit that higher price or just $30k he will then triple his money. It's a risk or gamble on his friend but the return will be huge if bitcoin will make a strong rally.

I think $50k is more reasonable prediction for next year. $500k is way too
optimistic prediction for just 15 months. I believe in that price one day, but
not before 2025.
It's nice when someone believes in Bitcoin enough to sell a car or anything
else to have for investing in crypto-currencies. I have extra money and I don't
need to sell anything, but I support people who believe in great Bitcoin future
and if selling something is only way do it, later this people will have enough
Bitcoins.

bintangkejoraku

jr. member

Activity: 262

Merit: 1

https://saturn.black

he invests in something that is unstable and sacrifices his work. in my opinion he is very stupid, he must work and save a little money to invest. he said flat? maybe he has to wait even longer. lol

JMD07

member

Activity: 378

Merit: 10

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.

This is a good example of people who has a heart about bitcoin as he believes that the price of bitcoin will reach $500k just 15 months from now. It make sense as even if the price will not hit that higher price or just $30k he will then triple his money. It's a risk or gamble on his friend but the return will be huge if bitcoin will make a strong rally.

trollercoaster

legendary

Activity: 1050

Merit: 1001

Quote from: Starkick on September 17, 2018, 06:13:27 AM

Quote from: modamo on September 17, 2018, 06:11:12 AM

This is rather unreasonable step for him. Only if you have free funds, you can deal with crypto currency. Cryptomarket is very volatility. And your friend can
both lose and make a profit. It's very risky.

The main point is that he doesn't have much money on him. If he would then there will be no need in selling a car.

He doesn't has much money and he sells his car to invest in bitcoin?. But this is a gamble, no one knows when bitcoin will rise. It is better to use some of the money to invest but not all. And keep the remaining money for bad days.

beezare

full member

Activity: 392

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in my opinion it's up to you, but before you do it it's better to think about it again because you have to know that bitcoin has a high risk and it could be that what you predict is wrong so it will make you lose everything

Kolder

hero member

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Quote from: enwi on September 26, 2018, 04:47:28 AM

before we decide to invest in bitcoin then we have to know about the risks and we must be able to make decisions wisely, bitcoin prices are difficult to predict so by risking it all it will be very risky even if you succeed and have the right predictions then you will become rich

Being dependent on predictions doesn't guarantee to earn, better invest few amounts or just try to allot some amount on crypto, not all and definitely not by selling stuffs that we worked hard before. Try to weigh which is more important for you so no regret whatever happens.

Marsilius

newbie

Activity: 28

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Quote from: mia khalifa on September 24, 2018, 05:30:35 AM

it is an action that I don't think is too good because you sell a car that you can use to work with that car. You can get more money and it will definitely be safe because the risk is not too high, different from you playing on bitcoin, the risk is very high.

I think that one should invest extra money in bitcoin because investment here is not guaranteed and you may lose your money due to fall in the price. Now you want to sell your car for bitcoin investment, it means that you have no extra money, but think that if you but bitcoin today and the price fall tomorrow and you need money then what will you do? Definitely, you will sell your coins for low price.

enwi

full member

Activity: 602

Merit: 101

before we decide to invest in bitcoin then we have to know about the risks and we must be able to make decisions wisely, bitcoin prices are difficult to predict so by risking it all it will be very risky even if you succeed and have the right predictions then you will become rich

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