Quote from: JMD07 on September 27, 2018, 01:29:09 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 is a good example of people who has a heart about bitcoin as he believes that the price of bitcoin will reach $500k just 15 months from now. It make sense as even if the price will not hit that higher price or just $30k he will then triple his money. It's a risk or gamble on his friend but the return will be huge if bitcoin will make a strong rally.

I think $50k is more reasonable prediction for next year. $500k is way too
optimistic prediction for just 15 months. I believe in that price one day, but
not before 2025.
It's nice when someone believes in Bitcoin enough to sell a car or anything
else to have for investing in crypto-currencies. I have extra money and I don't
need to sell anything, but I support people who believe in great Bitcoin future
and if selling something is only way do it, later this people will have enough
Bitcoins.