Quote from: Nikita911 on September 18, 2018, 12:58:36 PM

Quote from: Starkick on September 18, 2018, 12:50:30 PM

Quote from: Chicksteen on September 18, 2018, 05:16:27 AM

Quote from: kucritt on September 18, 2018, 12:01:27 AM

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.

I'm not worrying too much because of the fact I'm almost sure it will not come to an end and he could return the money he invested at least. But maybe it will work good.