Sell car for Bitcoin - page 8. | Bitcointalksearch.org

pragna

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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.

Extually it can not be tell at this market situation. No prediction is working at present market. So i think you friend needs to more patience before selling his car. Slow and steady wings the race. best of luck.

Flexibit

sr. member

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well for me we can only see it in the end if his decision is good enough or not, we know that the car depreciate over the years seems like the owner has faith in the bitcoin price then in the end when the price raise up that is the time that we will know the result if it is good or not.

bajigur894784

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Well, an idea like that will have a different response, for some people such ideas are very worth it to do, and for me it is obviously a crazy idea, but of course I will not criticize the idea of someone selling a car, house, or valuables other for investing in bitcoin, I realize everyone has a different tolerance for risk.

joelou

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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.

Sell car for bitcoin? Don't need to sell your car just become a bounty hunter you can get what you want. Just join any kind of bounty program. Easy to earn token don't rush your self to get bitcoin.

Perie200

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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.

Xising

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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.

Well, if that car is an extra one or a car that is not that useful, then I would say that it's a good move, especially if that friend of yours is quite serious with making investments in the market mate. However, if that car is much like an asset that has its purpose, then I wouldn't support the idea because you would lose more than what you can possibly gain. The convenience of having a car is not worth losing, especially if you are trading it off for something that you can't really rely that much upon. We all know how the market is, and everything we put in whether it be capital or investment is something that can be a source of heartbreak since, right now, there is a high chance for it to go to waste. Be smart mate, investing is good, but not in that regard.

Johnyz

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For me, its a good decision because cars depreciate in value while bitcoin will increased its value over a long period of time. Bitcoin will be great in the next 3 years and for sure you can buy bettet cars in the future, if I have some assets like this I will do the same, because I believe in bitcoin.

beami

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VANM - VIRAL ADVERTISING NETWORK MINING

This is a decision that is only seen by the sweet results, without thinking of the risks. Hunted by the passion that wants to get rich quickly even though your friends have not been able to or the experience of bitcoin is still minimal, but with determination so that the results do not meet expectations. It must be very painful.
One lesson that we can take from your friends' events, don't be easily tempted by something that isn't real and we don't know about bitcoin, the sweetness can be thought but don't forget the bitter, we have to prepare these two things mentally.

Dainye_dyep

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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.

Well, that was really a too risky action to do for the fact that in this moment of time, we cannot have that assurance that all he have risked for Bitcoin is all worthy because the price is still unpredictable and that belief of him can change and be challenge as time passes for the fact that maybe the price will move more negative which can be a regretful thing for your friend that he sacrifices his car for this. I think, he must have seek first for an advice regarding this matter so that regret will be lessen.

alroys

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I also have a story about my friend who sold his car because he wanted to trade Bitcoin about 8 months ago, at that time his car was sold for around 60,000 dollars. He is very enthusiastic, because there are people who tell him it's easy to get money by trading Crypto. but what he experienced, the Coin they bought the price dropped, and he lost a lot of his balance. even now the money hasn't returned.

Aragorn_125

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MenaPay - Crypto made easier than cash

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.

Probably a bad deal for bitcoin to buy a car, that is something physical, a good deal in terms of Finance, and this is a leap into the future, and perhaps a big jump in coins.

Choyor

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A very risky step because no one can ensure the crypto price correctly in the future. Hope you are right with what you decide. Good luck and success.

ranman09

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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.

Bitcoin last year hit only 20,000 USD, given it gets so much popularity and many people bought it. That was in a year, though we should not close any possibilities. But let's face the facts, it will need more than just popularity. It will need worldwide usage or more.

CryptoGosu

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I think that now selling a car to buy Bitcoins is a very risky act. The market turn is not obvious. The rate may drop even lower. But on the other hand, cars are getting cheaper with time.

marlonbatotoy

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For me, selling your car is not a good idea. Since you may use it for business purposes like going to work. When you have a job, you can start saving money in that way you can invest it in Bitcoin. When you invest it in Bitcoin, you must be ready with challenges like sudden changes in the Bitcoin Price.

dealsmith

newbie

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This is just a prediction and i think your friend already make a risky decision. Because you only should invest what you can lost.

maulana rifai

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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.

Does your friend really sell cars to get bitcoin? this action is very risky by selling everything to get bitcoin, you have to understand that bitcoin values can change without anyone who can find out. a safer way to get bitcoin is to collect money from work and then buy, so you can still earn money from work and make bitcoin an additional income.

Impulseboy

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By the sound of it, it sounds like your friend has already sold his car. It is too much, at least for me. What if he did not gain any or the same amount of profit back? I remember when my friend was in a somewhat similar situation as him. He does not have a lot of money in the bank, too, and he wanted to get into cryptocurrency despite not having much in his bank account. Heed my advice please, tell your friend to ease up on buying bitcoins or using his belongings as collateral for buying bitcoins. Whether or not the price of bitcoin rises by the end of the year, trading something precious like a car for bitcoin can be dangerous. I hope your friend the best. Good luck.

deppil

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Quote from: megalith07 on September 18, 2018, 05:09:54 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.

As I would like to think it's an extremely risky choice, in light of the fact that nobody can foresee BTC correctly perhaps BTC achieves 14000 $ before the year's over however perhaps the value drops more than now, it's smarter to invest with whatever remains of the reserve funds the risk is littler.

many people say to use money according to you can afford to lose. never invest more than that dude. You're right that it will be too high risk. What if the price changes decrease and you panic because you can't hold and be patient? of course your car will actually become dust in this investment

asayoyaasa

copper member

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Surely your friend knowing well about the risk that he take in the beginning investment, I don't know that is bitcoin will reach 500.000$ or not, if it will be, how long it take the times. Your friend must be patient as well for it.

Topic: Sell car for Bitcoin - page 8. (Read 2080 times)