Sell car for Bitcoin

[brijeshmota]

I also believe in bitcoin and also I want to fill my bag with bitcoin but unfortunately i have no car for sell otherwise i also sell my car and buy some bitcoin.

[Friskaadew]

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.

in my opinion this is a wrong example, it might be legitimate just because it's the money he has. but it is supposed to invest we use idle money as investment. instead of using our basic needs, if doing it this way is like gambling

[Starkick]

My friend borrowed money to buy bitcoin, and his risk was justified, who as lucky, of course there are times when someone is lucky, and someone does not

Did he borrow thousands of dollars? Or it was a small amount of money? How much risky was it?

[gorokill]

Investment has 2 possibilities, profit or loss. and I hope your friends know about crypto investment, what your friends expect is very possible but does he know the risks of Bitcoin investment? maybe now is the right time to buy Bitcoin, because the price is not too high, but the risk of losing still exists. I hope your friend gets a good return from Bitcoin, because he has sacrificed a lot for Bitcoin investment.

[Zebedee23]

when BTC was $200 a few years ago , no 1 thought it would ever be $6k+ any time soon and here we are. Same could be said for $500k & today!!! Now it seems insane & unrealistic but in a few years its certainly possible. If your friend can get by without his car ok maybe not the worst decision

[Starkick]

The fact that someone does not need to work is fundamentally wrong. Such confidence will lead to nothing good. It is a mistake of many to rely on bitcoin growth and do nothing. In addition to greed, this does not generate anything. The market, as a rule, punishes such.

There are more and more such people. First these were video bloggers and everyone started to shoot videos thinking they will earn much with that.
Then Instagram models appeared which decided that they can simply post different photos, gain followers and do some ads sometimes in order to earn for the living.
And now those who want to earn money by simply investing everything to crypto.

I'm just wondering what will happen to all these people in 10-15 years.

[Ianbadz2000]

I think this is not good decissions, because of your wants to have a capital for your investments to buy bitcoin, think twice how important those things for you because bitcoin today is not in a good position you may lose some even your cars will gone away..

[Starkick]

My friend borrowed money to buy bitcoin, and his risk was justified, who as lucky, of course there are times when someone is lucky, and someone does not

bitcoin does have a big risk. sometimes they sell their valuable assets just because they want to buy bitcoin. but they don't need to be afraid, while they are positive, work hard and smart, I'm sure they will get double the profits of their capital. do not get frustrated easily in order to get a profit, because I am sure the business will not betray us

I agree with you that if to work hard on it it will work. But people like my friend want to invest and sit and wait. And he's sure that till the end of the year 2019 he'll get so much money that there will be no need in doing something anymore. And it's a wrong point of view.

[Starkick]

The prediction does not always come true. Do not believe the prediction on the exact market like Bitcoin. but If your friend has a personal business or a permanent job, then it's ok, But in this case, your friend has the advantage of having a lot of money. because the bitcoin market is slowly getting strong again. Then a big company supports Bitcoin.

Hope that it will really get strong enough in order to let him earn at least some money, not to lose them. But I'm afraid what he would do if the rate will fall again soon. It will be something crazy probably.

[Starkick]

if the price reach $500k your friend will be rich, but if not good luck to him

Hope he'll give me some no mater I created this thread

[Bastok]

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 we believe in bitcoin, I think I will do the same to sell my car (if i have a car😊) but i will not sell like my property or house and lot. Because he is right that he can buy one or two car once he able to gain profit of his investment. And for the mean time as mode of transportation going to work, he can ride a bus or train. There are options.  I think car is only want not a need.

[Gliter09]

I think he's too ambitious to get a profit, especially the car he sells is a car that is useful for supporting his work. It would be natural for him to invest if the car he sacrificed was a car that was rarely used.

[Xena_Xena]

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 must be stopped. Bitcoin will certainly grow, but no one can guarantee that it will grow to the heights of which your friend thinks. In crypto-currencies it is necessary to use only those money which it is not a pity to lose.

[thisav]

In my opinion, investing the crypto coins only you have enough liquid assets. It's because there's a higher chance for the coins to have a high fluctuation in crypto market compare to normal financial market. If you have enough liquidity, even there's a sudden decline, you can still wait the markets to recover, and do not need hurry to cash out. In this case, I would not recommend your friend to put all his money in the crypto market.

[Xena_Xena]

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 we believe in bitcoin, I think I will do the same to sell my car (if i have a car😊) but i will not sell like my property or house and lot. Because he is right that he can buy one or two car once he able to gain profit of his investment. And for the mean time as mode of transportation going to work, he can ride a bus or train. There are options.  I think car is only want not a need.

This is not true. Whatever the prospects, but to sell the necessary property and take loans - these are things that are not allowed to the crypto enthusiast. Bitcoin may not reach a large price in the next ten years. And then what? This person can even incur losses if he buys too much.

[thichtieuthuong]

I really do not understand his business. Although Bitcoin is very potential. i do not support this kind of business. If he loss what will he do? Becareful with investing Bitcoin because the crypto is very dangerous when he decide mistake.

[Lien1411]

This is a very difficult thing to happen to such a miracle. If that happens, your friend will be the strongest person I've ever known.

[Xena_Xena]

My friend borrowed money to buy bitcoin, and his risk was justified, who as lucky, of course there are times when someone is lucky, and someone does not

bitcoin does have a big risk. sometimes they sell their valuable assets just because they want to buy bitcoin. but they don't need to be afraid, while they are positive, work hard and smart, I'm sure they will get double the profits of their capital. do not get frustrated easily in order to get a profit, because I am sure the business will not betray us

I agree with you that if to work hard on it it will work. But people like my friend want to invest and sit and wait. And he's sure that till the end of the year 2019 he'll get so much money that there will be no need in doing something anymore. And it's a wrong point of view.

In the crypto industry there is nothing absolute. And there is not a single 100% correct prediction. This person needs to be reasoned. Because with a very high probability, he breaks his life. Bitcoin must be used wisely, and not put hope on him all his life.

[Zack14]

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 in my own opinion you can invest here in bitcoin  by  buying some coins.  No nerd to sell your cat buti its your own choice to sell it.  But theirs another way.  You can join in signature campaign no need to rush and sell your car.

[burky156]

If i want to sell my car i can sell for Bitcoin ofcourse but i would never sell my car for buying bitcoin. Today you can exchange anything with the Bitcoin or any cryptocurrency, it is not a surprise anymore. I am sure that in very near future we will be able to spend any of our coins in any markets..