Sell car for Bitcoin

[Ewinsane]

If the guy does not need his vehicle but wants so much to work with the cryptos, the decision is correct. He can earn pretty much to be able to buy soon the better car.

Consequences of this act may result in bad experience if you are a new person here in the market with no practical experience. On the other hand it will result in profit if the person is enriched with a lot of knowledge about crypto investment so he will not face with any difficulty. As a whole it depends on the knowledge and experience of an investor will result accordingly.

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[d1ceplayer]

If you want to sell your car as well as you can, you can think twice because I feel that if you sell bitcoin that you have then you will only get losses, you should be able to find other ways without having to sell your favorite car.

Simple make a decision according to your savings if you have saving amount then you should proceed for investment and if not then you do not have to put something in risk. If also depends upon your knowledge if you have enough knowledge then you can think about investment otherwise it will result in loss if you have little knowledge and will be danger for you and your future.

[zazarb]

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 is a completely unreasonable and inappropriate act. Whatever you believe in Bitcoin it is not wise to invest money that is devoted to everyday life, you need to invest money that is not needed to your daily life.

[xlmlover]

Every time you start investing there will be a risk, especially if you don't do the right research on the funds invested. Don't invest too much, make sure you make decisions based on logic. As long as you are comfortable, you will not lose the money you have invested. In addition you are also able to make decisions that will be profitable in the long run.

[joyclicks]

Depends on how much he needs his car. I mean car is not a good investment anyway and if he can use some other transportation I do not see any problem about it. I had a friend who lost money after he sold his car and got into bitcoin however the trouble is he started during all December ath times and he was there when everything fall together and lost money incredibly for a long time. If you think you can make profit than there is really no way not to do it considering you are already losing money by using your car, public transportation is cheap and even free in places, use them instead.

[Soots]

it is an action that I don't think is too good because you sell a car that you can use to work with that car. You can get more money and it will definitely be safe because the risk is not too high, different from you playing on bitcoin, the risk is very high.

He can buy more cars better when he succeeds or he has to use his old car for a long time. We can't advise him precisely in this case because this is a difficult decision and risky.

Actually mate I don't think putting all your money to crypto was a good idea to think of, because we don't know how volatile the market is. We might be panicked in the future fluctuations which brought us nose bleeds in the future. Just think of enough budget and don't waste you car or even thus high valued wealth, you'll regret the wrong decisions after all.

[Bellator]

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 do not advise other investors to follow the path your friend is taking, if he truly needs to use the car for his work, he should not even sell it away in the first place as he might struggle to generate a stable income in order to sustain his daily expenses, this type of investment method is basically pure gambling, as the investor are just hoping to see the amount of money he invested to increase in huge amount and this is pretty unrealistic in reality.

I do agree that such move is undesirable as it is a pure gambling. It might be of high possibility that one would profit in investing in this market. But the question is when? It has to be understood that this market is very risky and at the same time unpredictable when will one have a big profit. Thus, it is impractical to sacrifice one's needs such as a means of transportation and house for btc or any altcoins investment.

[BeGoods]

if I suggest, you should do a short trade.
because bitcoin will not grow higher than 8k, only for this year. that's what I have analyzed, but it is likely that after this year the growth will begin soon.

But many people who do sell their cars to buy Bitcoin as long-term investments,
not to short trade. We are all sure the price Bitcoin in the future will definitely increase dramatically.

I think that no matter how much trust you have for the future of bitcoin. investing funds beyond your financial capabilities is not a recommended thing, beside don't invest more than you can't afford to lose, you also have to adjust to your financial abilities to alocation funds. don't be too ambitious by risking your wealth, because the risk of bitcoin can happen

[thefaucetrunner]

there are many ways to invest in bitcoin and cryptocurrency, if your friend think that selling his car are worth to invest than i will support him. But, i used to invest in cryptocurrency with my spare money, so i buy some and hold it in very long term period. No matter how the market will goes, it will not impact my investment. Why i tend to invest in cryptocurrency with my spare money and hold it in long term investment? because i know exactly that bitcoin are vory volatile and short term investment has a bigger risk rather than long term

[genuin]

hahaha is actually a very good idea, but you pack the story in a unique and funny way for people to read. One time BTC will reach its glory, just wait 

[arthotdog]

Something like this is a manifestation of a great faith in bitcoin. If he is convinced that it will be as he predicts, i wish him good luck and be a very rich man. Some people sold not only a car, but for example the whole apartment, they took out loans to invest in bitcoin. I think bitcoin will grow in price, but when it's a question. But i would not risk that, it's a little lottery. Bitcoin can be over $ 500,000, but also not. Everything is just a prediction.

I guess this is a manifestation of how stupid this person is,to sell his car to invest in profiteering that he has no assurance,and when thy fails then the blame will be on bitcoin again damn

Always remember that invest what you can afford to lose and this is the reality of cryptocurrency and no one can take this from happening

[Ulan01]

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.

investment in bitcoin is very profitable. but that is not a wise choice when it comes to sacrificing work that produces the real world. we still do work as usual and set aside a portion of the results to invest in bitcoin. because by selling assets that we have we can only wait until the expected time, without generating the cost of daily living.

[airdrophunter]

Everyone is free to do whatever decent and legal ways they want just to invest in crypto like bitcoin and others. You can sell your car if you want but make sure that you already know the risks you're into because anytime, bitcoin's price will fluctuate so hard that may disappoint and hurt you emotionally.

[Farma]

Everyone is free to do whatever decent and legal ways they want just to invest in crypto like bitcoin and others. You can sell your car if you want but make sure that you already know the risks you're into because anytime, bitcoin's price will fluctuate so hard that may disappoint and hurt you emotionally.

yes, everyone is free to do anything for their business, but I might not sell my bitcoin for bitcoin. well, I studied cryptocurrency to make money, and bought a car with it, because I am not the type of big investor who is willing to take big risks.

[enwi]

before we decide to invest in bitcoin then we have to know about the risks and we must be able to make decisions wisely, bitcoin prices are difficult to predict so by risking it all it will be very risky even if you succeed and have the right predictions then you will become rich

[Marsilius]

it is an action that I don't think is too good because you sell a car that you can use to work with that car. You can get more money and it will definitely be safe because the risk is not too high, different from you playing on bitcoin, the risk is very high.

I think that one should invest extra money in bitcoin because investment here is not guaranteed and you may lose your money due to fall in the price. Now you want to sell your car for bitcoin investment, it means that you have no extra money, but think that if you but bitcoin today and the price fall tomorrow and you need money then what will you do? Definitely, you will sell your coins for low price.

[Kolder]

before we decide to invest in bitcoin then we have to know about the risks and we must be able to make decisions wisely, bitcoin prices are difficult to predict so by risking it all it will be very risky even if you succeed and have the right predictions then you will become rich

Being dependent on predictions doesn't guarantee to earn,  better invest few amounts or just try to allot some amount on crypto, not all and definitely not by selling stuffs that we worked hard before. Try to weigh which is more important for you so no regret whatever happens.

[beezare]

in my opinion it's up to you, but before you do it it's better to think about it again because you have to know that bitcoin has a high risk and it could be that what you predict is wrong so it will make you lose everything

[trollercoaster]

This is rather unreasonable step for him. Only if you have free funds, you can deal with crypto currency. Cryptomarket is very volatility. And your friend can
 both lose and make a profit. It's very risky.

The main point is that he doesn't have much money on him. If he would then there will be no need in selling a car.

He doesn't has much money and he sells his car to invest in bitcoin?. But this is a gamble, no one knows when bitcoin will rise. It is better to use some of the money to invest  but not all. And keep the remaining money for bad days.

[JMD07]

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 is a good example of people who has a heart about bitcoin as he believes that the price of bitcoin will reach $500k just 15 months from now. It make sense as even if the price will not hit that higher price or just $30k he will then triple his money. It's a risk or gamble on his friend but the return will be huge if bitcoin will make a strong rally.