Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Adrian on September 23, 2018, 04:41:02 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.
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if I think selling a car for bitcoin investment is legitimate as long as the needs are met, because investing in bitcoin requires patience to expand the results. Because you don't need to be concerned with banks that have bills every month
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this is a very risky move, you need to invest free money, the price of bitcoin is possible and will reach such a mark but not in 2019 it takes more time
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nothing wrong to his decision if he feels worthy,to expand btc business needs capital it legitimate action.actually it's a gamble our life is gamble .if he need fish go fishing thrown fish if he needs money thrown your money.nothing wrong to sell your property fo btc he totally believer of btc
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don't take risks, you invest for unused money, and don't force it to invest, because bitcoin trading is volatile,
the market could have gone up could have come down.
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I think that is a bold decision, especially if your friend doesn't really understand Bitcoin. The investment of Bitcoin and Cryptocurrency is not easy, requires extensive knowledge, if we go wrong then our money runs out. Unlike your friends who sell their cars to invest in Bitcoin, but from my work in Bitcoin like bounty hunting and bitcoin trading, I bought a car.
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I understand your side as you are just concern about your friends current situation. The answer will be determined when the last day of 2019 comes. Most probably your friend is competitive and business minded.
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Selling a car to buy bitcoin sounds like a crazy idea. But I don't think this is a problem. Car prices will drop from year to year. While the price of bitcoin will rise every year. So, I think you can invest 50% of your money in bitcoin. And you can save some of your money.
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I understand you are worried about the situation of your current friend. but most likely your friend is competitive or business minded. indeed selling a car to buy bitcoin sounds like a crazy idea but I think this is not a problem, because the price of the car will drop from year to year. save some money for necessities so I think selling cars for investment is nothing wrong as long as the needs are met because investing in bitcoin requires patience to increase profits
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The success of one person is not the success of all. Your friend grabs the seldom opportunity to take the risk to buy some potential altcoins at this market drops. Maybe your friend is so aggressive and futuristic with this crypto journey.
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sometimes u need to sacrife anything for something that u want to get
like ur friends that sell his car
i think it will worth at future when btc hit $20k
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I think your friend is really speculating if he buy bitcoin now and sells the only car he owns and no longer works,
then for what is the daily cost of living?
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I think the car is the secondary needs, no matter, if it has no survival, will not be disturbed by the record still has other means of transportation. If so not a problem, as long as it has to be well thought out very mature and doesn't be rash.
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I think this is a silly idea and it's definitely a bad idea to sell your car just to invest in bitcoin. There are many ways to collect resources (money) to invest in bitcoin, one of which you can lend money to a loan company or at a bank and other options like this to raise money for investment. Bitcoin is a risky investment,
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if we have the expertise to take advantage of the downward crypto market situation. then selling cars for additional investment capital in bitcoin is very good bro. because we can get profits and the results we can use to buy a car again
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Yes, if he did this until the middle of 2017. For now, he needs to wait real until 2019. Because in my opinion, growth will occur in the next year! So, they fastened their suspenders to cowards and are waiting for colossal growth !! 8)
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I think there is a problem with your friend's mindset. We must know that in a cryptocurrency is full of risk of losing assets if it is not in accordance with our analysis. Your friend should first learn about cryptocurrency and the fundamental analysis. We also need a real work, don't make cryptocurrency a permanent job to earn income because the price is always changing.
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if I need it for capital, I will sell my car for investment in the trade market, if I am in a crisis, I usually sell items that I already have and I will also use it for trading capital and for everyday purposes.
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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 think It is not good idea mate. Your friend sell his car for invest in bitcoin. He can do particpate in bounty campaign to get tokens and convert in bitcoin. It is no risk.
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Wahh. Actions that we deserve once. Can sell cars to play in Bitcoin and seek profits there at full risk. It's rare for people to do crazy things like that. I am amazed at how you sell your valuables just to play with Bitcoin which is not necessarily a big profit or even a loss here. So my advice should be to be careful in doing business here and do it well and carefully and full of high patience.
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if you buy bitcoin at the right time (when the price drops as it is now). It is certain that your friend makes the right choice. but, if you buy bitcoin when the price of bitcoin is rising, it takes a long time to get a profit.
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Very careless actions in my opinion and using all the high risks. I can guess that your friend is still a new user huh? Because if not a new user will not believe the inaccurate predictions. It's like we invest with just a little money instead of having to sell a car to buy Bitcoin whose future alone doesn't necessarily improve.
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It is worth to sell the car for bitcoin, although now he cannot use the car again to go somewhere. But he can use the mass transportation to reduces his expenses in a month while he can wait for the price to increase high. I think he can also work in his old job and if he can accept the conditions now, then I think he will get a big reward in the future. Something that we did right now will give something good for us in the future. So I think he can get his success in the future especially if bitcoin can get up too high.
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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 think It is not a good decision. Sell car for bitcoin. I think bitcoin is high volatile. His car for main needs to work.
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it's better to borrow from friends than to sell cars for bitcoin capital, capital for bitcoin is only 10 million, not much
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I think, it would be better without selling your assets, you can be an investment. make sure that you do indeed have their own capital for investment bitcoin. as this far will make you more comfortable working than get carried away the burden due to borrow money or sell something.
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I guess not too enthusiastic in investing, customize with your ability. do not enlarge the sense of reckless and emotions. think again because the investment is no small risk also bitcoin. If I am, then I will find other ways to raise capital and invest in the bitcoin, without selling what I have had.
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Selling a car to trade or investing in Cryptocurrency is a very brave decision, and of course this also carries a very high risk. because if we are not careful, then your friends can lose money, but if your friend can choose the right path then your friend will get a big profit. and of course you can buy a car that is better than the car that was sold earlier.
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be more careful in taking a stance. let alone sell the car for capital investment. are you sure there isn't another way? without having to sell.
This is not a deemed misdemeanors, according to me it does not matter if you feel it doesn't bother your survival. just be careful when later invest.
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I think it's not worth risking, unless you have more than one car and you are rich. Many people are already very sorry when they sold their apartment, car, and invested in bitcoin, and they had a huge minus
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Selling a car and throwing away the money to buy bitcoin is a good idea. As we know the price of bitcoin always goes up every year. And you can get a better car after investing in bitcoin. This is a good opportunity to invest in bitcoin because the price is low.
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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.
It's a good idea if we can only assure that we are earning from doing. So I suggest to be careful when investing today because most of the crypto are dropping rapidly and ensure to choose only those popular and profitable crypto.
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It's seem your friend have a big hope with cryptocurrency especially bitcoin, but what if he fail? Don't regret maybe need more time to success
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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 think It is good idea mate. Sell car for bitcoin. Bitcoin is more profitable than car, You will get benefits from invest bitcoin. The value of car will decrease.
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I think it's legitimate for a person who has fulfilled his needs, and indeed he lives excessively,
but don't be to sacrifice one thing if your needs have not been met
even though bitcoin promises!
I personally have never thought of the excess profits of bitcoin,
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it often happens that people sell their property or goods to buy and invest in bitcoin, because they believe in the future of bitcoin, and I also strongly believe that it will all happen to reach the price of $ 500,000 someday.
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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 agree with your idea, sell car for bitcoin. Because bitcoin is more profitable than car. We will get alot benefuts from invest in bitcoin.
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In my opinion, selling a car is better than your friend must borrow money from a bank or other place, and of course your friend already understands the risk of investing in bitcoin, and here we must have extra capital and patience to get maximum results, and I hope that your friend will be lucky
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Many reasons how to negotiate about sell car for bitcoin because if there is a chances to earned a money becauser of this it is not possible to have own a car someday.
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I think it is permissible if all of his life needs are met, but it is all very risky to friends and what if bitcoin is not what you expected
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in my opinion, this is not a big thing and is not too heavy if it felt this to be done, then just do it with a record by selling a car you do not feel your survival becomes difficult, and also must be well cooked.
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That is not a good idea and your friend's expectations are too high can predict the price of bitcoin in the future. As we know bitcoin or digital assets always fluctuate and the price stability is very low. I suggest that your friends learn first about tips and tricks for investing in cryptocurrency. But if your friend believes can collect bitcoin in a fast time and give more profits that exceed his expectations, i think this is the right decision.
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I don't think it will happen in 2019, the price of 500k is a high price and it looks like bitcoin is unlikely to reach it in 2019, the market is very slow and the surge will be difficult to happen. For myself, I don't think of selling a car, because that is a very risky decision.
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if I think selling a bitcoin investment is legitimate as long as the needs are met, because investing in bitcoin requires patience to expand the results .
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I think you also have to think of risk will occur. But you are the one who has a strong belief and in my opinion is very positive. Because I am also confident with the future of the Bitcoin will continue to experience growth. And there have been many people who became rich because investing in Bitcoin. And this investment requires patience.
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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 agree mate. I have sold my car to invest in bitcoin at 2017. Now I can buy new car from bitcoin's profit. I like it.
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yes, it is a very risky step to sell a car to invest in bitcoin. but I think as long as the needs are met there is nothing wrong with the decision. investing in bitcoin only requires patience to expand results. so you don't need to worry because the price of bitcoin might reach such a target but we need a lot more time
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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.
So sure is your friend with bitcoin that they sell their cars, I think using the money / capital we have without having to use capital from our daily needs because it is very risky to invest in crypto.
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If I had several cars, then of course, I would have thought about investing in Bitcoin, selling one of them. But if you have the last money or the only car, then I would first have thought well, is it worth the risk?