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/biz/ - Business & Finance

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26102371 No.26102371 [Reply] [Original]

I have a friend who is considering selling one of his 5 houses or taking a mortgage on it and putting it all in BTC. He legit thinks it's going to be the new gold and the price will hit more than 1 million $ in the next few years. He is rambling about it being the only constant in a global market with all digital currencies issues by goverments that nobody trusts.

How realistic is this? Is he just insane?

>> No.26102386

>>26102371
Yes he needs meds. But BTC will probably go up some more before it goes down.

>> No.26102396

>>26102371
Try to fuck his wife!

>> No.26102423

>>26102371
show him the threads from 2017 with the exact same idea and let him figure out how did those went

>> No.26102438

>>26102423
Those people doubled their money, retard.

>> No.26102459

>>26102438
kek, most of them sold during the freefall thinking it was a scam.

>> No.26102486

>>26102438
you will be holding my bags for another 3 years cuck

>> No.26102555

>>26102371
>one of his 5 houses
Maybe he's right, hope he's ready for BTC movements.

>> No.26102595

>>26102386
Sure but what if it goes down to 10k and then up to 100k next cycle. Plebs will be priced out forever.

>>26102423
Well that would just prove his point. He isnt planning on selling anytime soon.

He legit thinks its going to stabilize at a million or more when all countries introduce digital currencies. Which they will in the next 10 years.

>> No.26102689

>>26102459
Yes, the people who FOMO'd at the top looking to buy a quick buck. Clearly not what OP's talking about.