Quote from: Twinscoin2017 on September 17, 2018, 05:25:58 PM

Quote from: pundit on September 17, 2018, 04:59:08 PM

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.

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..