Sell car for Bitcoin - page 4. | Bitcointalksearch.org

Muspion

jr. member

Activity: 127

Merit: 1

Quote from: GhostWithin on September 18, 2018, 12:59:03 PM

Quote from: Sandijoee on September 18, 2018, 12:49:22 PM

Yes it depends on you, if you want to sell your car to buy bitcoin or invest in bitcoin. That is a good action for the future, because bitcoin is a long-term investment tool. But if you want to quickly take advantage, I suggest not to invest in bitcoin.

This is good primarily because the car is a liability, and bitcoin is an asset. Convert liabilities into assets is a good, but risky idea.

indeed for all investments there is always a risk, but if you don't want to face the worst possible risks, then you will not be able to get an experience, because investing in crypto bitcoin is a good decision right now

Clark05

sr. member

Activity: 1274

Merit: 263

Your friend I think is out his mind. because if you are in good mind or you know the best for you , you cannot sell anything that you already have . Taking a risk is good to earn more money but in a different way like spending and buying their extra money because most people lost their house and lot because they sold it for the investing in cryptocurrency without enough knowledge. If he prevent selling his car that is good try to know different way.

chulos

jr. member

Activity: 268

Merit: 1

Something like this is a manifestation of a great faith in bitcoin. If he is convinced that it will be as he predicts, i wish him good luck and be a very rich man. Some people sold not only a car, but for example the whole apartment, they took out loans to invest in bitcoin. I think bitcoin will grow in price, but when it's a question. But i would not risk that, it's a little lottery. Bitcoin can be over $ 500,000, but also not. Everything is just a prediction.

riso2015

sr. member

Activity: 1246

Merit: 254

Trphy.io

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.

popolite11

sr. member

Activity: 882

Merit: 250

Quote from: RomertL on September 19, 2018, 10:08:58 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.

It can be a good investition. But it is to risky. Nobody know when bitcoin will grow. Your friend cannot work without his car and it is a big problem.

Actually, I do not think that the buddy made something very wrong. Yes, this step was might a bit risky but listen, people: if he succeeds, he can buy two or three cars as he had before, and this is true!

Gontxi

sr. member

Activity: 966

Merit: 250

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.

vagsun

full member

Activity: 334

Merit: 100

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.

Its totally a wrong approach. Bitcoin is highly volatile and he may loose his entire investment. One should invest only his surplus worth in crypto Or upto that amount which he can afford to loose. I totally disagree with your friend's decision. I would like to call your friend a gaumless guy.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

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.

What he did was something very stupid. But I also believe that the bear market is over, and that it might be the perfect time to something very stupid. Cool

If he wants to take that risk and can accept the consequences, then do it.

Quote

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.

Hahaha!!

slyfox

member

Activity: 350

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.

The problem with what your friend did is that while in theory what he did is a good investment, since a car only goes down in value while bitcoin has a lot of chances to grow up in the next years, the problem with what he did is that he has completely unrealistic expectations about what the price of bitcoin is going to be at the end of 2019, not even the most positive prediction that I can think will come to reach that price.

safarabela

jr. member

Activity: 353

Merit: 4

If you want to buy bitcoin by selling a car it's not a wise decision, bitcoin is profitable but also full of risks because bitcoin prices are hard to predict. Don't be too pushy to invest what else makes the car at stake.

vidprab5

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Activity: 222

Merit: 11

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Quote from: btc78 on September 21, 2018, 12:00:41 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 will worth if the market grows before he needs the money for living or something emergencies because he sold the car for the risk of gaining that has no assurance.i am wishing that he won’t end up crying because of the stupidity he made because in crypto only INVEST WHAT YOU CAN AFFORD TO LOSE

Selling something which are useful in our daily life for something which just needs your savings and does not need you to sell your car or home for investment. Whatever the situations may be you have to start investing in Bitcoin or other crypto coins only with your savings and nothing more to put your money at risk. It is risk for you because you do not know up till now that you have to use only your savings for investment indicating that you have no perfect knowledge.

susuberuang

full member

Activity: 926

Merit: 100

If you want to sell your car as well as you can, you can think twice because I feel that if you sell bitcoin that you have then you will only get losses, you should be able to find other ways without having to sell your favorite car.

BitcoinMarketer39

full member

Activity: 392

Merit: 100

ADABsSsSsSsSSSsS

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 own opinion you should only sell your car for cryptocurrency if there is an assurance that the price of bitcoins will pump immediately soon, in order to surely earn profit in the market and not losing the price of your investments.

tumokatok

member

Activity: 392

Merit: 10

selling a car to invest in bitcoin is indeed a risky speculation, it is better that the results of the sale of a car not be invested all in the form of crypto currency because you can use a part of it to buy a car on credit, but this must be calculated correctly

cepot9

full member

Activity: 1050

Merit: 102

Cryptocurrency addict | Invest at your own risk.

your friend has made a bad decision but if it works it means your friend is a lucky person, selling something that is obtained from a real job just to invest in high risk is a bad thing different from you selling a car that you bought from crypto to invest in crypto again not too problematic and not burdensome.

roxbit

member

Activity: 294

Merit: 10

Quote from: nyerok on September 21, 2018, 09:41:05 AM

I hope that your friend wish will come true. Because it's worth to sell a car and buy some bitcoin for investment. And you can get a big profit and it can be use to buy car again but we still have some profit

I think it is not a very wise decision because we cannot predict the future of bitcoin. Maybe it will rise soon but not to be exact as 2019. But his instincts tell him to do so and that he is sure of whT he is doing then go. What if it will really happen then it will be a very worthy. He can buy not just one car oit of his profit.

nyerok

member

Activity: 279

Merit: 12

I hope that your friend wish will come true. Because i think it's be worth to sell a car and buy some bitcoin for investment. And you can get a big profit and it can be use to buy car again but we still have some profit

putrisa

full member

Activity: 420

Merit: 100

maybe you think it's the best choice for those of you who want to try to get trading capital and can buy bitcoin as fast as you can, but you have to know that there are other ways to get bitcoin without selling your car.

Mytoken

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Activity: 392

Merit: 10

Fast, Smart, Trustworthy

I think your friend may be disappointed. Although the price of Bitcoin will rise, it is impossible to rise to $500,000 because I can't see where the money comes from!

umbara ardian

sr. member

Activity: 1358

Merit: 259

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I think that is an action that is not very good because it will make you lose and not too profitable because this bitcoin cannot be made for your main business or business, it is better if you use the car you have to find a job such as being a taxi driver or whatever that can use your car and can make money.

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