Quote from: Kakruzo12 on September 17, 2018, 12:25:02 PM

Quote from: Starkick on September 17, 2018, 11:54:45 AM

Quote from: diazepam666 on September 17, 2018, 11:30:01 AM

Quote from: Starkick on September 17, 2018, 10:48:59 AM

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.

Bitcoin is the worthy investment but this price prediction is false. So you will earn decent profit in next year and most of the long term holders believe the Bitcoin so your investment will safe in forever. My suggestion don't put ball in basket so you could split to invest in crypto then only it make big success.

I told him that in order to become so rich he would need to wait much more time, there's a very small possibility that Bitcoin will reach 500 000. But the only answer is that I don't understand much in it.

Even if it will reach $500 000...don't you think ordinary users won't be able to withdraw/exchange their btc for money? Authorities don't want people to become rich, so why would they allow strangers convert their btc to millions of dollars? That won't happen. Don't be greedy, take smaller profits and convert them into something tangible.

How can someone block any transactions? There are so many exchange services on the web and so many e-wallets where people save their coins. I don't think all of it can be blocked at once.