Sell car for Bitcoin

[kesmex]

Your friend takes a big enough risk in my opinion, because investing with bitcoin only hears the words of others, bitcoin cannot be predicted by anyone can go up and down anytime, I personally won't do such a thing because it is very high risk.

[Cryptohunt]

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.

for some people who believe that the increase in the price of bitcoin is very reasonable if he wants to find a lot of profit from the current conditions of bitcoin,

I need to say, that I also do the same thing with your friends, I sell my car and buy bitcoin, because I think this is the right time for me to buy bitcoin and hope that the bitcoin price at the end of this year will lead to the highest price.

[Darker45]

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.

Apparently, there is something wrong with your friend's way of investing in Bitcoin. He should refrain from taking so huge steps in investment that he will lose almost his entire life's worth if he loses in the process. That is too high a risk to take. This, for me, amounts to obsession. Not good. No matter how much you believe in something, you should not risk everything for it.

[Kimahrironso]

A risky investment, hoping that the price of the BTC will increase. I just invested in the electronic money market at my expense, I never thought of selling a car or home to invest. The cryptographic market is profitable, but it can also be dangerous if you invest in an unreasonable investment. Finally, still expect the BTC price will increase sharply so that he bought the car was sold. He really made a big decision.

[Tduty]

I think your friend has taken a good decision. Maybe your friend has enough faith on bitcoin and he doesn't care about his car. So he thinks that investing in bitcoin is much better. Although the digital market is unpredictable and bitcoin is volatile. After then he believes bitcoin investment at this bear market. I think he will buy more car in the future by investing in bitcoin. Because investing in low price and sell it at a high price is a good strategy. We know that today or tomorrow bitcoin price will be increased. So I think he has taken a good decision.

[BitcoinOddsChecker]

As much as I want to hold my bitcoins until it hits $20,000, I still need cash for my daily needs, so I do circulate my coins once in a while. Hopefully your friend kept some to survive until that day comes--which I think will come sooner than expected.

[97bj91]

I am surprised that he actually did that. I think you could have advised him?
Anyway, I'm sure he carefully thought about it before he made that decision. I just hope he has saved enough for his daily expenses. It takes a lot of time and effort to see the ROI for this, so I hope he'll not regret that decision. All the best for your friend, man

[AvadaJigurda]

I think it's a really stupid idea, to sell your car for investment in bitcoin, especially considering that you need a car for work. I think it's better to save money and gradually invest it in bitcoin, rather than selling a car or an apartment hoping that bitcoin will grow.

[Xxmodded]

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.

everyone has different knowledge and experience, especially in this industry. You can do similar speculations if you have knowledge and plans for bitcoin. this is not easy because every speculation has a big risk, you must be prepared with it. but I agree if bitcoin will be able to grow higher than before, it's just not at this time.

[Leonora2]

There are many options for your investment and car sales are only a small part of your investment. I think there should be some luck and a clear plan to get the desired profit.

[royromales]

I think because he wants to earn a bitcoin so big that he sells a car for bitcoin and because he needs money for everyday expenses for his income as well as for the family

[sunno330]

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.

Thinking before 7-8 months, it was correct. But now, risky to say about bitcoin price. Value of bitcoin not increasing as speedy.
Bitcoin always best choice although, but now alas! A bad condition of bitcoin now.

[sinta23]

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.

decisions like this are very high risk. because we don't know how the condition of bitcoin is going forward. but your friend has decided a decision that is so big. like it or not, the decency must indeed be borne by us.

[Summerwalk]

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

I’ll admit I’m new to all of this, but I’ve totally thrown myself into it over the past couple months. For years I maintained a completely uninformed opinion of bitcoin based in part on my reading of John Kenneth Galbraith’s “Short History of Financial Euphoria” (which I highly recommend). But after taking the time to learn what this actually IS, I am convinced that this is an absolutely fucking world changing technology. There is a “there” there. This is real. Bitcoin is not tulips. This is the beginning of phase II of the Information Age. At this point I think you either get it or you don’t. All I suggest is invest some time to really understand the technology. If not because you’re investing, do it because it is literally changing everything before our eyes.

[KenziCharlie]

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

I’ll admit I’m new to all of this, but I’ve totally thrown myself into it over the past couple months. For years I maintained a completely uninformed opinion of bitcoin based in part on my reading of John Kenneth Galbraith’s “Short History of Financial Euphoria” (which I highly recommend). But after taking the time to learn what this actually IS, I am convinced that this is an absolutely fucking world changing technology. There is a “there” there. This is real. Bitcoin is not tulips. This is the beginning of phase II of the Information Age. At this point I think you either get it or you don’t. All I suggest is invest some time to really understand the technology. If not because you’re investing, do it because it is literally changing everything before our eyes.

That kind of thinking is exactly what led to Bitcoin to $20,000 and back to $6200. People buying to gamble and make quick bucks instead of seeing its very little real-world applications. People will always point out a cafe that accepts bitcoin but failed to point out the other 1,000,0000 cafe that doesn't.

[Raldyn]

selling cars for Bitcoin is a bad thing in my opinion, because BTC is very uncertain in 2017 many predict that BTC will touch the price of tens of dollars, but in reality this year it is not according to predictions it should not do that

[Viviornitier]

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

The blockchain it runs on wouldn't be near what it is without Bitcoin. Both are what create the value, and more importantly, the potential for value that will likely continue to grow as we move forward over the next few years.

[dominional]

Selling car for bitcoin,  the first question is what type of car used of good one.  If you are tired of your instead of packing it in a place and getting spoil you rather sell and invest the money in bitcoin and sooner than latter in will yield multiple reward

[Artofmovement]

I see the problem with this bitcoin. It isn't based on anything at all, nor does it produce anything at all. It is simply a way to gamble, that's it. The blockchain it rides upon is something very good and very useful as it provides a medium of safety, security, and even honesty in it's openness to the the world, yet it's security virtually unbreakable because of its openness to all. I would like to see a way for cryptocurrency to be more than a way to gamble away real dollars for a chance to make more real dollars using bitcoin as the gambling chip it is today. I think it is much more valuable to the world then that, if somehow we could understand a way for it rise above this virtual token gambling chip.

Yeah it’s called a lot more people need to buy and hold it. Once it achieves some stability and the whales cannot move it much then it can be used for its true purpose as a currency. Until then it is primarily a gambling chip on steroids.

[cris17]

The best is to invest only free money, that you don't need. If he can live and work without a car, then it's okay, but if his job requires a car and he sold it, then better to search for another job until he is not reach yet