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Author Topic: Sell car for Bitcoin  (Read 2020 times)
kuncimobil
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September 20, 2018, 12:09:55 PM
 #341

I think, we have to decide something wisely and it's better to invest in accordance with the capabilities and money we have no need to risk everything to buy bitcoin because we don't know what will happen in the future, we can become rich but also be poor
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September 20, 2018, 01:09:42 PM
 #342

I think it's a good start if you dare to sell a car to buy bitcoin at a cheap price. It will be beneficial but you only have to wait and be patient.
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September 20, 2018, 04:58:35 PM
 #343

Wow, I think he really brave, yet hasty. he can bet anything but not everything. Running life is totally risky, especially if we are typical person who is high consider on making a choice. But, seems like he is too much if he thinks he can get much more by instance.
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September 20, 2018, 05:16:59 PM
 #344

One word, reckless. He should think that crypto isn't instan noodles, you can't be rich so easy. Up and down are playing its part on crypto, and perhaps he doesn't know that he must be clever and patience. He is too hasty.
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September 20, 2018, 06:29:06 PM
 #345

if you sell your car just to get bitcoin I think that is an action that is very detrimental to you because with bitcoin this is definitely not able to provide benefits because this bitcoin price movement will be very difficult to predict and make you dangerous because it can lose.
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September 20, 2018, 07:28:27 PM
 #346

I would rather work and get paid with Bitcoin than sell any of my valuable things  that I collected. Before I use to do this mistake. Before, when I have the money or extra funds, I buy Bitcoin and hold on to it. Nowadays I just wait for the payment for the services I rendered. If you have any skills, you can ask Bitcoin as payment.
Ucy
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September 20, 2018, 09:57:06 PM
 #347

This is getting serious! OP, why  not show us proofs or this didn't happen.  This kind of topic is becoming to common these days without a single proof
How old is your friend? He probably didn't own the car, didn't need it, don't deserve it or it was just a gift from his/her parents. Someone who is smart enough to buy a car can't be that dumb.

The 1Bitcoin equals 500, 000$ by 2019 was mere speculation from people like us on social media. Nobody can be certain of future price of Bitcoin. 
 No investment increases that much in a short time. 2019 is few months away. If it's too good to be true it probably is.
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September 20, 2018, 11:12:08 PM
 #348

Don't sell the car tell to your friend. Because 500k dollars for bitcoin will not happen or very impossible to happen.
If they havr only extra money it"s okay what ever amount they can afford cryptocurrency is risky investment .
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September 20, 2018, 11:27:22 PM
 #349


selling stuff's for btc's are okay as long as you know that you can afford to loose it . your friend migh be rich because he didnt mind risking a big capital just to get his hands on this bitcoin thing , anyway it is also possible for bitcoin to pumped really hard on the future so his decisions are still acceptable to me . also , this isnt the first time i heard that some people would risk his valueable things . last year , one family did even risk everything including thier own house and lot , car , appliances , furniture , etc just to bet it all in bitcoin .

right now , i dont heard any news from them if they are still alive from the cave that they used as a shelter .
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September 21, 2018, 01:37:13 AM
 #350

A car is a depreciating asset, thats the biggest plus point I can think of for this plan.    However in this case it is also a working asset, the car being an extension of his income makes it a justifiable expense easily.

I dont really take these type of posts too seriously but I suggest dividing up your assets in this way is a good idea to stop over accumulating risky or value which can rapidly decline.  Especially if a person has any debt, its almost always best to clear the debt first and as quickly as possible rather then the idea of investment or in this case just plain speculation

tl;dr  consult a financial planner for a quick first look meeting.  A 3rd party has better perspectives on personal finance then most can maintain Smiley

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September 21, 2018, 02:40:14 AM
 #351

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 less likely that the price would reach that amount and I think he made a rush decision. What is he doing now by the way since you said he is thinking there's no need to work. Did he stop working now or not? He should have invested something he do not need so that he would not be emotional in case the price went down further. How long can he wait to reach that amount?

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September 21, 2018, 05:00:41 AM
 #352

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.

This will worth if the market grows before he needs the money for living or something emergencies because he sold the car for the risk of gaining that has no assurance.i am wishing that he won’t end up crying because of the stupidity he made because in crypto only INVEST WHAT YOU CAN AFFORD TO LOSE

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September 21, 2018, 07:53:14 AM
 #353

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.

Selling your car to buy bitcoins is not necessary because you can still work on bounty campaigns here in this forum in order to earn more income in the market, that is the reason why people prefer to work in this forum rather than working in the corporate world.

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September 21, 2018, 08:47:33 AM
 #354

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 less likely that the price would reach that amount and I think he made a rush decision. What is he doing now by the way since you said he is thinking there's no need to work. Did he stop working now or not? He should have invested something he do not need so that he would not be emotional in case the price went down further. How long can he wait to reach that amount?
he doesn't know that the risk is always lurking. this will be a lesson for him that allocating funds according to financial ability is the main thing so you don't panic later. because the price might go up and down as long as he holds back and I hope he doesn't panic when the price weakens
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September 21, 2018, 08:49:16 AM
 #355

I think that is an action that is not very good because it will make you lose and not too profitable because this bitcoin cannot be made for your main business or business, it is better if you use the car you have to find a job such as being a taxi driver or whatever that can use your car and can make money.

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September 21, 2018, 09:34:38 AM
 #356

I think your friend may be disappointed. Although the price of Bitcoin will rise, it is impossible to rise to $500,000 because I can't see where the money comes from!

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September 21, 2018, 11:30:15 AM
 #357

maybe you think it's the best choice for those of you who want to try to get trading capital and can buy bitcoin as fast as you can, but you have to know that there are other ways to get bitcoin without selling your car.
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September 21, 2018, 02:41:05 PM
Last edit: September 22, 2018, 04:18:00 AM by nyerok
 #358

I hope that your friend wish will come true. Because i think it's be worth to sell a car and buy some bitcoin for investment. And you can get a big profit and it can be use to buy car again but we still have some profit
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September 21, 2018, 02:58:07 PM
 #359

I hope that your friend wish will come true. Because it's worth to sell a car and buy some bitcoin for investment. And you can get a big profit and it can be use to buy car again but we still have some profit

I think it is not a very wise decision because we cannot predict the future of bitcoin. Maybe it will rise soon but not to be exact as 2019. But his instincts tell him to do so and that he is sure of whT he is doing then go. What if it will really happen then it will be a very worthy. He can buy not just one car oit of his profit.
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September 21, 2018, 04:22:17 PM
 #360

your friend has made a bad decision but if it works it means your friend is a lucky person, selling something that is obtained from a real job just to invest in high risk is a bad thing different from you selling a car that you bought from crypto to invest in crypto again not too problematic and not burdensome.
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