Sell car for Bitcoin - page 7. | Bitcointalksearch.org

Tingtong

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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.

We know Bitcoin price always increase and decrease. Now Bitcoin price is low and after time it price huge increase but it not 500k USD in two year. If he sell her car and buy btc after time he can buy house I hope.

Tipsters

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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 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.

Osayo

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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.

I rather see it as a form of over daring. I see no way BTC can be $500 000 in 2019. You friend should hope that the price of BTC goes up as soon as possible so that he does not regret too soon

Asawakobana2017

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Quote from: Sinone on September 19, 2018, 06:45:18 PM

Though this is an average decision. If he thinks that Bitcoin will go 500K USD in 2019, then you have to correct him. You have to tell him that no one knows what price will happen for the bitcoin in next year. And one thing I want to know, when he bought bitcoin, that time what was the bitcoin price? If it is 6K USD or More then I think he will make good profits in 2019. So, his future plan will go for good.

Selling cars for bitcoin is not a good idea. Bitcoin is unstable and we can maybe lose our car if the value of bitcoin will fall. But it depends upon how you used or male a good decision on the feild to earn. If we have many car maybe we can sell one for bitcoin because I believe that there is no harm in trying.

adjudicator

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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.

I think your friend has a good idea on selling his car and invest the money in bitcoin, but the problem is that bitcoin's price is unpredictable, but for me it is still a good idea.

Sinone

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Though this is an average decision. If he thinks that Bitcoin will go 500K USD in 2019, then you have to correct him. You have to tell him that no one knows what price will happen for the bitcoin in next year. And one thing I want to know, when he bought bitcoin, that time what was the bitcoin price? If it is 6K USD or More then I think he will make good profits in 2019. So, his future plan will go for good.

Cloak1

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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.

Wiwendefak

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He made a very bad decision by hearing someone Fishy. This is one of the reasons why people is selling in the panic! A lot of people follows the hype, they invest by hearing someone, seeing the hype and when the market goes opposite of their expectation, they start to panic and spread Fudd! I don't support it, buying bitcoin by selling something special is not good at all when the market is in the bearish situation. The good suggestion is, do Invest what you can lose.

Indai24

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Quote from: Iykecollinz on September 19, 2018, 03:17:48 PM

I totally do not have anything against anyone that decided to take whatever risk he chose, the choice would have gone in his way and he would be laughing big but because you think bitcoin has no sign of getting there, you decided to bring this here to scorn him. It is his choice, I will be against him if he actually did if it was his only car and possibly serves him some valueable purposes

I will not go for it, selling my car for bitcoin because we may end up with nothing and that we really can't predict what will happen next. It would be best to invest whatever you have only on hand.

Iykecollinz

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I totally do not have anything against anyone that decided to take whatever risk he chose, the choice would have gone in his way and he would be laughing big but because you think bitcoin has no sign of getting there, you decided to bring this here to scorn him. It is his choice, I will be against him if he actually did if it was his only car and possibly serves him some valueable purposes

thuyvy2207

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Actually i do not understand this action right or wrong. Maybe this time buying Bitcoin is the best and to make a way to raise money, he sells cars that buy Bitcoin as well.

rancakadu

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What your friends do is a big gamble, selling your own personal items for bitcoin which I don't think is recommended. Bitcoin prices are high, but in the next few months you have the potential to lose or earn money, sometimes losing because of the down trend now.

BKBK

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:)However, in the debate, there are many advantages in transactions or discretion. Very soon we can easily invest from here. And we can get it from here. I have also invested in bitcoin. Let's make it. That is, the price of bittacquena will increase. So we are investing. Roll Eyes

Ace Amias

newbie

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I think that his decision is right as we see that China is on a way to stop their mining rigs and the mining amount of bitcoin in 100 years is 21 million from which about 17-18 million has been mined so it will shorten the supply as the more people are running towards bitcoin it will create the shortage of bitcoin as the demand is high so price will be also high.

Glutius

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Your friend has a strange logic because investing in bitcoin is unpredictable and he will not be able to make big profits regularly. So this is a rather strange decision.

Pyr3x

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This is a bold decision, some people sell their homes to invest in bitcoin. And a car is not such a big sacrifice. I'd do the same if I had an extra car.

drukoz2

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To be honest, at the time I also sold my car to invest in bitcoin. But I only did it because I didn't need it because I live near my work. And while not regretted my decision.

sarul

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Quote from: ?? on ??

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.

If you think logic, you can see now he suffer his life with no transportation when go to work. And he only follow what people said without do his own research before make investment. So it is worth or not?

For me it's not worth of it, because transportation is also needed to reach a distant place. Unless he's have more than one car, It makes little reasonable so that he can gets quick capital to buy bitcoin. Just hope the capital can grow, because if not, there will be another car he want to sells.

RomertL

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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 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.

rachellee

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Well, we'll know if selling his car for bitcoin is worth it when we cross the bridge. Anyway, what he did is not a condemnable crime. We are always responsible for the result of our own actions. If he really believes that bitcoin will cross $500k, then it is his sole discretion. At the end of the day, it is he who will benefit or suffer from it. So no one has to right to judge that what he did is worth it or not. In this crypto world, it's always join and invest at your own risk. And it's too premature to predict where the market is going now, considering its high volatility and the infancy of its technology. So what we do here in this business is just a matter of instinctive judgment. I just hope that we are really heading the right path in this crypto space and that everything will turn out right for the common good.

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