Post
Topic
Board Speculation
Re: Sell car for Bitcoin
by
pundit
on 17/09/2018, 16:59:08 UTC
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.