Sell car for Bitcoin - page 9. | Bitcointalksearch.org

iamzill

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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.

big risk but if you dare to bear the risk and also manage it well I think that is a good thing, because maybe in the future when the bitcoin price can be 2-3x from now the profit will come maximally.

megalith07

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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.

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.

tunapa

jr. member

Activity: 667

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its good for him because i know he must have thought of it well and i must commend him. this is a level of risk which i only saw in time of ponzi where people sold their belongings just to make money as a result of greed and most of this scenarios dont end well. its an everday debate of whether its reasonable o worthy of it to sell your belongs o properties to invest in a scheme.

rtm125

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Merit: 10

This is a frivolous act. Okay, if he sold an unnecessary thing, but he hoped that he would just buy the bitcoin and immediately begin to earn a lot of money... Newcomer, that say.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

It is not a bad decision your friend took, you use what you have to get what you need, thou the space is volatile but your friends expectation is quit outrageous, I can guarantee he will have a good return,but not up to the speculations of 1= $500,000 . Your friend should not be eager to get his profit and must be strategic when the bullish period commence.

Ucy

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Compare rates on different exchanges & swap.

Proof or I don't believe this. Your friend can't be that dumb? unless this happened last year during the bull run. Won't be surprised if some media and the ignorant ones pick this up and begin to publish it as though itwas true. Some are in the habit of spreading this to sort of tales to show how Cryptocurrency is bad for humans and destroying the planet. Anyone can claim anything these days. Only the truth stands.

team87

jr. member

Activity: 336

Merit: 1

I want to say to your friends, that he is a brave and great person. By risking a car to buy bitcoin. with hopes and dreams will get many benefits. There is nothing wrong with this, because it is his personal right, I can only support and hopefully bitcoin jumps to the price of $ 500k at the end of 2019. Of course there will be lots of people partying. Grin

bekkioPEK

member

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your friend is practically making a bet, maybe he did the right thing or maybe not. I would not sell the car I use to go to work for BTC. going all in on one investment is very risky

Temujhin

newbie

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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 is doing very brave things, and your friend is very ambitious to want to make a profit in crypto, is your friend confident in predicting that the person who will reach $ 500k is not necessarily the next year, and if your friend invests in bitcoin see whether the market is good or not?

It's a pity when the results won't benefit when your friend invests big enough, think twice if to start when the market is bearish, at least you invest not just one point, because getting your friends to profit can be in other alt coins

Astvile

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What your friend did is a huge gamble,selling your own personal stuff for bitcoins i think for me is not recommendable.Bitcoins price is high yes but in the next few months you have the potential to lose or gain money sometimes its lose because of the down trend now.If your friend is not a strong holder he wil eventually lose money

frankiemalton

member

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At the end his own car and his own money but, sell his car for invest money to bitcoin, I don't think, it's a reasonable thought. I would not sell my own car.

tambok

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Activity: 812

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Quote from: Ronaldcoin2017 on September 18, 2018, 02:00:11 PM

Quote from: AlexandrInt on September 18, 2018, 01:23:34 PM

I think a profitable purchase, everything went too far with bitcoins, and probably will go further, developing cryptocurrency increases itself in the world, and the cryptocurrency market looks better.

Selling car for bitcoin is not a good idea, butcis you have many cars you can sell one and purchase bitcoin, because i believe that bitcoin has really a great return of profit from our investment if the price rise up high in the near future, but for now bitcoin is really dropping and we need to wait for the rising of its price.

I would not sell my car for bitcoin right now too, I would just work hard for me to have a great value of bitcoin but not to sell my property a house or a car but rather use my money to invest here, we need to become wise in our every decision but for those who can do it, salute tot hem.

Ronaldcoin2017

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Quote from: AlexandrInt on September 18, 2018, 01:23:34 PM

I think a profitable purchase, everything went too far with bitcoins, and probably will go further, developing cryptocurrency increases itself in the world, and the cryptocurrency market looks better.

Selling car for bitcoin is not a good idea, butcis you have many cars you can sell one and purchase bitcoin, because i believe that bitcoin has really a great return of profit from our investment if the price rise up high in the near future, but for now bitcoin is really dropping and we need to wait for the rising of its price.

laiya94

copper member

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Since the current market its even worth if you sell your house to invest in bitcoins.

AlexandrInt

full member

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I think a profitable purchase, everything went too far with bitcoins, and probably will go further, developing cryptocurrency increases itself in the world, and the cryptocurrency market looks better.

lelylely

member

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Merit: 10

Selling a car to invest in bitcoin, I think this is very risky because there is no guarantee that bitcoin will increase as expected. Before investing in bitcoin, first identify the risk of bitcoin and then invest in bitcoin.

cizatext

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That is very unwise of your friend, how can any one sale the only means of livelihood just to jump into an investment he/she know totally nothing about. Not only bitcoin alone but every other investment involved risk and at that invest only the amount you can let go without any form of hurt to you selling his car to buy bitcoin is not a welcome move at all.

baby222

hero member

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It is worth investing in bitcoin but not with the price of your only car. It is not wise to sell your car or your house for it. Invest just as much as you can afford.

GhostWithin

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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.

Sandijoee

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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.

Topic: Sell car for Bitcoin - page 9. (Read 2099 times)