Sell car for Bitcoin

[AliMan]

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.

Even its worth it, still its not wise thing to do because there are still risk to take. But if you have old type of car and you really want to get new one then sell it and the money you get from it invest it in Bitcoin but don't put all. Its better if you divide your money, one for your investment and the other half is for other crypto to invest but make sure it has potential like Bitcoin.

[Johnny28]

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.

He is doing wrong because no one can predict about bitcoin. Price of bitcoin fluctuates every second. So before doing anything like that he should think twice.

[TheWalkingCoin]

Its heard not good ideas for selling your car and make investment at bitcoin, I know this moment is best chance to buy and invest at bitcoin, but you can’t do it. there are not sure about bitcoin will growing up at the end of year.

[haidil]

I think it's too risky because I think it's too brave and deciding to stop working is ridiculous. even though I hope bitcoin 2019 will be better

[KXC247]

Cryptocurrency is a volatile sector and its not advisable to sell off your property for bitcoin investment. What needs to know how to do things and also manage risk by investing what one can afford to lose. This is basically how these things are done in my own opinion.

[Starkick]

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 really not recommended, selling his car for bitcoin is ok but not doing work with the hope that one day bitcoin will rise to $500000 should really  be avoided, keep you regular work as usual, you can alternately invest your saving or any money which you do not need currently in bitcoin or any financial market, volatility is very high in such markets to each step is to be taken carefully.

Well i think there is no harm on trying, if you have two cars you can maybe sell the old one for bitcoin, today is really the best time to invest in bitcoin due to huge and and if you are lucky and we gain on it we can maybe buy two cars from the profit that we can maybe get by buying and selling it when price rise.

But the point is that he has only one car that is really needed and he's gonna risk everything in order to become reach one day if the predictions will come true..

[Starkick]

It is better physical gold bought, but not bitcoin. The next crisis will show what will happen with the dollar, bitcoin and gold.

Do you think that crisis that affects dollar and gold will affect Bitcoin too? Is crypto somehow connected to the world currencies?

[Starkick]

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.

Advise him to sell the kidney. A person  and lives with one kidney. And so he and the bitcoins will.

Quite cruel advice, man..

[Starkick]

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 really like his confidence, but dont risk the car IMHO. This year might not be the year of bulls in crypto, it might take another 12-24 months for mass adoption followed by bull run. Hope you talk to your buddy and make him understand that.

Of course I did, but he's very sure he does the right thing.

[dablatair]

Hello,

It is for me a real bad decision to take so much risk in the market we have. I really think that market will again go up in the next months and 2019 but is is really impossible to go up to 500 K$. Even in good increase is not so easy to predict.

I really trust the good advice of "you could invest what you are willing to lose", we are in speculative market even the interest of the technology itself and there is high of loosing money. So better to keep the head cold and invest what you don't need right now furthermore not selling important stuffs.

[Starkick]

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

Even I don't think that Bitcoin will lose its popularity soon. There are still lots of novices who buy their first crypto as they believe in it. And for now there's no reasons to forget about it. I'm sure the price will not reach 500 000 but it will rise for sure.

[sino22]

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

[Starkick]

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.

[bbcolex]

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.

[Starkick]

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.

Then I want to wish good luck to all of you! Hope your risk will be fully justified!

[Nikita911]

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 bad idea bro

[Nikita911]

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.

[Starkick]

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.

Even its worth it, still its not wise thing to do because there are still risk to take. But if you have old type of car and you really want to get new one then sell it and the money you get from it invest it in Bitcoin but don't put all. Its better if you divide your money, one for your investment and the other half is for other crypto to invest but make sure it has potential like Bitcoin.

It's interesting that many people here advice to divide money and invest the second half to altcoin which is even more unpredictable Maybe it's better to safe half of a money in order to have at least something to survive if you'll lose everything?

[Nikita911]

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.

[sukoyomi]

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.