Romeotom
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September 18, 2018, 12:59:50 PM |
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I don't give us any decide because firstly need to decide what your friends want to him then can. Basically now bitcoin price huge down if we have to hold bitcoin then we will getting more profit.so if she/he have good knowledge about crypto world then he/she can do that selling car and buy bitcoin.
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Nikita911
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September 18, 2018, 01:03:34 PM |
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in my opinion, that person is very stupid, because he is too brave to take risks to get profit with bitcoin. for me bitcoin is to earn extra money, not to spend my money.
Good and strong words. You are right |
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Painbird
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September 18, 2018, 01:04:20 PM |
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I think this is risky but risk is the key of success. no one can't predict what's going on next.but we know that bitcoin is unstoppable. right now price is down but we hope bitcoin rise again.so your friend can invest in bitcoin.
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Nikita911
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September 18, 2018, 01:05:03 PM |
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I don't give us any decide because firstly need to decide what your friends want to him then can. Basically now bitcoin price huge down if we have to hold bitcoin then we will getting more profit.so if she/he have good knowledge about crypto world then he/she can do that selling car and buy bitcoin.
It bad idea. his friend does not know anything about the market. |
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CryptoSmile
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September 18, 2018, 01:06:58 PM |
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Nobody can determine when the price of BTC will rise high and when prices will drop or when prices will remain stable, because everything is only predictive. Everyone has a choice of how to buy bitcoin or invest in bitcoin. Even though it sounds like it doesn't make sense about what your friends are doing, hopefully you get good luck and get the benefits that you want.
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Nikita911
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September 18, 2018, 01:07:25 PM |
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I think this is risky but risk is the key of success. no one can't predict what's going on next.but we know that bitcoin is unstoppable. right now price is down but we hope bitcoin rise again.so your friend can invest in bitcoin.
Bitcoin is waiting for a good future |
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deearr35
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September 18, 2018, 01:08:14 PM |
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I think this is risky but risk is the key of success. no one can't predict what's going on next.but we know that bitcoin is unstoppable. right now price is down but we hope bitcoin rise again.so your friend can invest in bitcoin.
It is true that to be successful, we need to take risks, but calculated risk. Invest only the amount you are ready to loss because crypto is a very risky if you are not well versed about it. |
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frey_oh
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September 18, 2018, 01:18:47 PM |
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a decision that isn't too bad I think. but I do not recommend that kind of thing. if for example we sell what is not necessarily it will also be better. but some people sell everything to buy Bitcoin and give up what they have. I hope bitcoin will improve
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Dudeperfect
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September 18, 2018, 01:31:14 PM |
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as some people predict that * I went bankrupt when I joined in cryptocurrency. I am optimistic about the growth of crypto industry but that doesn't mean I should recommend everyone to get involved with it with their capital. Everyone should invest his time before investing his money and explore the possibilities before taking the investment decision. I have lost my capital multiple times in my initial days of trading when I used to trade based on others opinion. |
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Gheka
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September 18, 2018, 01:35:22 PM |
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I think this is risky but risk is the key of success. no one can't predict what's going on next.but we know that bitcoin is unstoppable. right now price is down but we hope bitcoin rise again.so your friend can invest in bitcoin.
Yes, high risk stands behind a huge profit, which is something that we all know, and with this story, success can still happen but with all due respect and sincerity, the opportunity to achieve success is probably very small. Although I know we can not predict the future, but from all the information and data we have, we can easily see that big investors have blew up the price of bitcoin too high and fast, the consequence of this is that everyone has a huge belief and terrible dreams, never sell bitcoin and keep buying, and so the boss in the back of the game will not easily pumping bitcoin up again, that would make him lose money |
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Scavagers
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September 18, 2018, 01:35:30 PM |
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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 would not sell my properties for something that is not reliable. You might get bankrupt if the market falls and you end up being cashless and car less. It is good to take risk but we should be able to estimate if you can take that risk to gain. |
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Starkick (OP)
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September 18, 2018, 01:35:37 PM |
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This is ridiculous, selling assets and stopping working, why not use the money available, without selling the existing assets ... even so everyone hopes there will be developments in crypo for next year
People these days don't want to work anymore. It's much easier to sell something and do some crazy investment. But no one can be sure that it will work. And such people believe it will. |
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toolsydas
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September 18, 2018, 01:37:17 PM |
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I think this man blindly believes in Bitcoin. I believe in it too, but still not selling my car and house. I choose to invest only part of my money which I can afford to lose.
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anume123
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Proof-of-Stake Blockchain Network
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September 18, 2018, 01:37:26 PM |
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I think your friends decision is to dangerous and so much risky for his funds invest in bitcoin. And wait for a long time for holding bitcoin in 2years and for selling his car. Remember that no one knows what will be the price of bitcoin in 2years if it will rise up or not.
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Starkick (OP)
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September 18, 2018, 01:38:03 PM |
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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 don't think its a good idea, I presume your friend invested everything to bitcoin? if yes then he messed up for real, price speculation is not an assurance. Everybody could speculate the price of btc but always remember this market is risky and everything could turn out really bad. Yes, he invested almost everything. I mean if he'll lose these money he'll stay without car and without work.. |
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Gontxi
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September 18, 2018, 01:39:33 PM |
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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 is interesting for you. why don't you try to discuss with your friends. because he did the speculation he had thought. of course the risk is always there, so I think you should look for other experiences, of course, in investing or trading, things that are primarily technical analysis. I'm not sure there's a big movement for this year in growth |
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Starkick (OP)
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September 18, 2018, 01:40:31 PM |
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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 don't think its a good idea, I presume your friend invested everything to bitcoin? if yes then he messed up for real, price speculation is not an assurance. Everybody could speculate the price of btc but always remember this market is risky and everything could turn out really bad. Can invest in bitcoin a smaller amount and increase the number of your bitcoins by selling them on the exchange for a large price and again purchasing it later on the bottom. 500K will not be tomorrow and not after a year. There is a lot of time for trading. The point is that he's not going to do any trading things. He thinks that he will invest and then take back much more. On his opinion it works on its own. |
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bitterdog
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September 18, 2018, 01:41:42 PM |
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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.
Honestly, i respect your friend's decision to sell his car for bitcoin, but in my own preferences i think its not that necessary to sell your car to invest in bitcoin, because when the price is going to drop, and you're facing the disadvantages it will be a big loss for your friend. |
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Starkick (OP)
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September 18, 2018, 01:44:40 PM |
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if they already do that i think we wouldn't judge him, but if they haven't do it i think you can tell him about the risk, about the car that you sold will gone if the bitcoin price is drop or bitcoin is not popular anymore in the future
Car is already sold and it is his decision. Tell him that diversifying investment can help to lessen the risk in bitcoin. If you are afraid bitcoin lose popularity then find another where you can believe on that can give profit in the future. However, I do not think bitcoin to lose popularity because it is the foundation of all other digital currencies. Totally agree, I don't think that now we have alter coins that may be more reliable than Bitcoin is. Probably that's why he chosen btc and not something else. The reliability of bitcoin lies in the fact that, however low it falls, it always rises. He does not wait for death after reaching the bottom. People will not give up bitcoin. But this does not mean that you can believe in fairy tales about 500k in a year and sell the property for the sake of bitcoin. In the end, everything happens in life. This person just does not wait for the growth of bitcoin and will sell it cheaply. I'm not worrying too much because of the fact I'm almost sure it will not come to an end and he could return the money he invested at least. But maybe it will work good. |
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Khan Apon
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September 18, 2018, 01:44:58 PM |
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You have any option to hold bitcoin, so you will sell your car for bitcoin. And you know when you take a risk, then you will earn profit here, so take you own decision and do your work.
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