Quote from: megalith07 on September 18, 2018, 10:09:54 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.

As I would like to think it's an extremely risky choice, in light of the fact that nobody can foresee BTC correctly perhaps BTC achieves 14000 $ before the year's over however perhaps the value drops more than now, it's smarter to invest with whatever remains of the reserve funds the risk is littler.

many people say to use money according to you can afford to lose. never invest more than that dude. You're right that it will be too high risk. What if the price changes decrease and you panic because you can't hold and be patient? of course your car will actually become dust in this investment