Sell car for Bitcoin - page 5. | Bitcointalksearch.org

deppil

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Quote from: jamids on September 20, 2018, 09:40:14 PM

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 would be less likely that the price would reach that amount and I think he made a rush decision. What is he doing now by the way since you said he is thinking there's no need to work. Did he stop working now or not? He should have invested something he do not need so that he would not be emotional in case the price went down further. How long can he wait to reach that amount?

he doesn't know that the risk is always lurking. this will be a lesson for him that allocating funds according to financial ability is the main thing so you don't panic later. because the price might go up and down as long as he holds back and I hope he doesn't panic when the price weakens

BitcoinMarketer39

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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.

Selling your car to buy bitcoins is not necessary because you can still work on bounty campaigns here in this forum in order to earn more income in the market, that is the reason why people prefer to work in this forum rather than working in the corporate world.

btc78

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Eloncoin.org - Mars, here we come!

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

jamids

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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 would be less likely that the price would reach that amount and I think he made a rush decision. What is he doing now by the way since you said he is thinking there's no need to work. Did he stop working now or not? He should have invested something he do not need so that he would not be emotional in case the price went down further. How long can he wait to reach that amount?

STT

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A car is a depreciating asset, thats the biggest plus point I can think of for this plan. However in this case it is also a working asset, the car being an extension of his income makes it a justifiable expense easily.

I dont really take these type of posts too seriously but I suggest dividing up your assets in this way is a good idea to stop over accumulating risky or value which can rapidly decline. Especially if a person has any debt, its almost always best to clear the debt first and as quickly as possible rather then the idea of investment or in this case just plain speculation

tl;dr consult a financial planner for a quick first look meeting. A 3rd party has better perspectives on personal finance then most can maintain

pinoyden

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selling stuff's for btc's are okay as long as you know that you can afford to loose it . your friend migh be rich because he didnt mind risking a big capital just to get his hands on this bitcoin thing , anyway it is also possible for bitcoin to pumped really hard on the future so his decisions are still acceptable to me . also , this isnt the first time i heard that some people would risk his valueable things . last year , one family did even risk everything including thier own house and lot , car , appliances , furniture , etc just to bet it all in bitcoin .

right now , i dont heard any news from them if they are still alive from the cave that they used as a shelter .

Question123

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Don't sell the car tell to your friend. Because 500k dollars for bitcoin will not happen or very impossible to happen.
If they havr only extra money it"s okay what ever amount they can afford cryptocurrency is risky investment .

Ucy

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Compare rates on different exchanges & swap.

This is getting serious! OP, why not show us proofs or this didn't happen. This kind of topic is becoming to common these days without a single proof
How old is your friend? He probably didn't own the car, didn't need it, don't deserve it or it was just a gift from his/her parents. Someone who is smart enough to buy a car can't be that dumb.

The 1Bitcoin equals 500, 000$ by 2019 was mere speculation from people like us on social media. Nobody can be certain of future price of Bitcoin.
No investment increases that much in a short time. 2019 is few months away. If it's too good to be true it probably is.

nydiacaskey01

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I would rather work and get paid with Bitcoin than sell any of my valuable things that I collected. Before I use to do this mistake. Before, when I have the money or extra funds, I buy Bitcoin and hold on to it. Nowadays I just wait for the payment for the services I rendered. If you have any skills, you can ask Bitcoin as payment.

Affilate User

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if you sell your car just to get bitcoin I think that is an action that is very detrimental to you because with bitcoin this is definitely not able to provide benefits because this bitcoin price movement will be very difficult to predict and make you dangerous because it can lose.

Tigorss

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One word, reckless. He should think that crypto isn't instan noodles, you can't be rich so easy. Up and down are playing its part on crypto, and perhaps he doesn't know that he must be clever and patience. He is too hasty.

KorakPawon

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Wow, I think he really brave, yet hasty. he can bet anything but not everything. Running life is totally risky, especially if we are typical person who is high consider on making a choice. But, seems like he is too much if he thinks he can get much more by instance.

tepakpak

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I think it's a good start if you dare to sell a car to buy bitcoin at a cheap price. It will be beneficial but you only have to wait and be patient.

kuncimobil

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I think, we have to decide something wisely and it's better to invest in accordance with the capabilities and money we have no need to risk everything to buy bitcoin because we don't know what will happen in the future, we can become rich but also be poor

georgiasus

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It seems to me that this is a very risky step, a risk. Of course you can get lucky and your friend will win, but he can lose and not make a profit. What else to say I think that this is not entirely deliberate and risky.

Starkick

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Quote from: BlackRacerX on September 19, 2018, 09:15:09 PM

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's both moronic and risky move to do that and to be honest, that's the stupidest move I have heard in my whole time with bitcoin investments. Why would someone sell their car, which they use for work, for something as volatile as bitcoins? That's just dumb. Never follow this guy's moves because you might end up losing everything too.

Why do you say "losing everything too"? He didn't lose everything now and when the price will rise he will even gain I hope. I don't say that we should follow his steps but the one who doesn't risk doesn't drink champagne.

Starkick

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Quote from: Tipsters on September 19, 2018, 08:53:54 PM

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 would be a good trade if his car is not that prestigious. In line with that, I also believe that a car is not much of a necessity but rather a liability. He would gain a lot of profit on the end of the year because bitcoin has a high chance of getting into the 30k USD mark. Nonetheless, let us not forget our real jobs because we can also accumulate profit from there.

The biggest problem is that too many people that invest in crypto decide not to work anymore when they receive their first earnings. As it's so easy to invest, wait a little and take more. But they forget about the point that everything that rises have a big potential to fall one day.

Starkick

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Quote from: Perie200 on September 19, 2018, 09:56:08 AM

Honestly, guys, I would sell a car to buy Bitcoin, but unfortunately I do not), because the current price is very low and it will increase many times. Simple arithmetic, sold one car now and bought Bitcoin, then sold Bitcoin's floor and bought a car and the second half of the coin you left. Beauty.

Yes, that's the way he's going to behave if the price will rise for a good amount. Then it's a pretty good plan. I hope it will work like that and then I'll be very happy for his risk.

Starkick

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Quote from: Cloak1 on September 19, 2018, 06:40:21 PM

If he thought it well, then it doesn't matter selling his car. As long as he doesn't sell his house. I think he has a high belief that bitcoin will have a good future.

I hope that he will stop on his car Cheesy

If he'll decide to sell his house it will be a disaster already. If you can buy a new car it's really hard to buy a new house soon.

Starkick

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Quote from: ?? on ??

Meh. What else is he gonna sell? His company car? Lamborghini? Does he think that his car will transform into Lamborghini in a single click of buying bitcoin? Meh. How long was he holding now? I hope you're not trolling with this kind of "throw-off point" discussion, like you're saying it all in a obvious way.

500k$ till end of 2019? Is he even feeling the market's condition right now? We're not even back yet to the peak that Bitcoin left off from 2017 and yet these over-optimisms are kinda degrading to think that people still expect it to reach that price soon. While I am not blocking the possibility of that price, it is just that these speculations that don't even have a base point just makes me sick.

He did that because he is not a big expert in crypto market, he just read some stories of people that earn some money on Bitcoin. And he thought that when they will be earning a little by investing little money he will earn a lot by selling his car. That's the point. Now is a good time for investment as the price is lower than usual so he decided to do it now.

Topic: Sell car for Bitcoin - page 5. (Read 2079 times)