Topic: Buying Hobby Bikes with Bitcoin - page 2. (Read 403 times)

Everyone has a dream like you have a dream to buy a dream bike I have the same dream as you. But here you are definitely ahead of me because you have already invested $750 to fulfill your dream. In this regard, I am far behind you because I have not been able to invest any dollars so far to fulfill my dreams. In this case, I would like to make some calculations to tell you whether you can buy your dream bike after Bitcoin increases. Here's your $750 (0.02811 BTC at current Bitcoin price) Bitcoin investment if Bitcoin is $100,000 in 2024 your investment will be (0.02811 BTC×100,000 BTC)=$2811. But your dream will surely come true. I think you have made the right decision to fulfill all your needs.

No, it's not a crime but coming to a Bitcoin forum, the one founded by Satoshi to explain that shitty plan, hoping to be congratulated, as some have done, and in passing see if they give you any merit is not a thing I intend to praise because even Bitcoin is not relevant in this shitty plan.

He wants to buy a bike and he could do it by investing that money in the stock market, saving more or whatever, because using the Bitcoin just to double your money and buy the bike that tends to 0 value and stay at 0 Bitcoin after buying the bike is a fucking shitty plan and so I must say in the Bitcoin forum founded by Satoshi. I would think he would be embarrassed to see a post like the OP's.

I'm convinced that each of us has a plan for what we want to do with the profits from our bitcoin investments. The amount we invest will determine how much money we will make from our Bitcoin investments as well as when the bull run will begin.

In regard to this, I want you to have a general estimate of how much profit your $750 investment in bitcoin will bring to you when the crypto market bulls start to roar in 2024 or 2025.

Let's say you currently have 0.0281 BTC, which is around $750 if we calculate it using the current price of bitcoin ($26,693k).

Let's figure out what your $750 will get you if, speculatively the ATH of bitcoin soars to $100k by 2025.
Your current Bitcoin hodling is about 0.0281 × 100,000= 2,810.

From the math done, your total investment in bitcoin from your $750 investment is $2,810k.
With this money achieved, I can confidently say that you can purchase your dream bike with the remaining cash in your pocket.

It is a liability and in investing view, it is not good to buy with your money. OP if buying a bike from profit with Bitcoin, still buying a liability but it is still good enough. Because OP will do it from investment profit, not from initial capital or all money OP has.

Enjoy your life with profit is not too bad but I agree with you that OP should not sell his bitcoin.

In another view, it is like. I receive $500 as my salary and I can use $100 or $50 to buy bitcoin. It is not like a crime so if you are happy when doing this, it is just fine for you because it serves your need and bring happiness to you.

This elderly, Dorothy Hoffner, was happy with her skydiving and her face shows happiness. It is good with her even others can see it is very risky and does not worth to try.

What problem do you hope to solve with the bike? Is the bike well built for the job, or Is it the right bike to do the job without much issues? How about its user, can he/she also do the job well with the bike?
How important is the solution to the problem, by the way? Does the solution help you alone or more people? The more people it helps the better, else the more you should consider using the money for something good and more profitable.  Maybe consider holding the money longer in Bitcoin and learn to multiply it further with good investment strategies. Or use it for other good investment or business that's as/more profitable compared to Bitcoin.

I don't think it's a good idea to invest so much in Bitcoin only to aquire something less important/valuable with the profit you made. I would rather give that profit to someone who will use it profitably, especially to the benefit of a "circular Bitcoin economy"

Bitcoin is worth way more than one or two bikes.

I would rather invest that money where it can help me more, in life. And that is definitely not in a bike.

On the other hand, everyone lives only once so you may as well live with whatever makes you happier. My views on the entire matter are more long term and profit maximization. I know that 750 USD in Bitcoin today will be much more in the future.

Although that being said, 750 USD is not really a life changing amount, so I guess do whatever you like, I guess. That kind of bike is worth way more than 750 USD, so if 750 USD is a big deal to you, then your dream is going to be long-awaited one.

The bike for personal use is a liability that the only thing it does is to lose value. Investing in Bitcoin until you double your money to spend it on a liability whose value depreciates and will end up being 0 is bullshit from a personal finance point of view.


Of course, it's very important that he's got some sort of a bullshit plan in which Bitcoin isn't a very important part of it either.

The bike is a mean of transportation from home to work office or serves other purposes like as a lifestyle, makes a person look more stylish, stronger ...

Depends on how thin or deep budget of a person and how much does the bike worth with him, buying it will be good or not good or inappropriate.

I am not against OP but reading this dream, it reminds me about myself when I was young. I hoped to have a smartphone, a motorbike and some others like liabilities, not assests according to the author of Rich dad, Poor dad.

I also actually guess that OP is still young, with age like less than 30. I could be wrong but after you are in middle age, you no longer care much about your appearance and no longer want to spend much for liabilities.

OP stated that he save the money from his salary, it means he has a source of income. Spending the money he save for his dream bike means that he will not have a money, as long as he have a stable job, he will still have a money. The important thing is he have made a decision to make his money to grow. Not just by letting it to deposit in a bank ang wait until he save enough money to buy the bike. The price of the bike may depreciate, but it is still an asset depends on how you use it. If he will use it to go to work, then he will save some time and money compared to public transportation.
He has a goal, and he has a plan. That is the most important thing. It is wise enough not to rush on buying the bike without any plan.

I see it as a joke. Invest in Bitcoin to wait until you can double your money and spend it on a depreciating liability. Nothing to invest in Bitcoin as part of a wealth building plan nor of course to free yourself from the clutches of the state.


It's just that it's so much bullshit what he plans to do that I can't understand how people congratulate him, other than to meet the post quota without thinking much. At least the OP has not earned any merit, so far, although I would not be surprised either.

I hope you remain consistent with your plan @OP, I mean is that the growth in the value of your investment won't tempt you to wait for even bigger profits (your new hobby).
What you have to remember is that Bitcoin has no top price limit which makes it difficult for you to make the decision to realize your investment profits.

You are free to have your dreams by investing in Bitcoin. Many of us also have our own dreams. So you can start investing in Bitcoin. Don't give up if you haven't achieved your dream because it is a long journey that not everyone can go through.

To become a Bitcoin investor, you need a strong hand to hold your Bitcoin in market times like this. Most investors will panic about changes in Bitcoin prices and will not be able to hold their Bitcoin. But if you are able, you can achieve your dreams.

Continue investing in Bitcoin until you feel you have bought and owned enough. And you just have to wait for the market to really recover so you can see the size of the profits you can get.

I don't think it's a wise decision, the @OP literally use all of his money to fulfill his dream, so whenever Bitcoin price increase into certain price and make him able to buy his dream bikes, this mean he will not have any money anymore.

As we know bikes is a depreciated stuff, the price will keep decrease even you're not regularly use it.

This is a dive into a pool thats hazardous yet perhaps profitable! Your idea of the bike, the two-wheeled freedom machine, is real and tangible, but using Bitcoin puts dread in the scenario. Investing in Bitcoin with the assumption that it would double, especially within a certain timeframe, is like walking a financial tightrope.

You took a big risk, therefore its important to assess whether its calculable or fits your financial capacity and risk tolerance. Does Bitcoin's volatility suit your dream? Even with halves and growth, its a risky bet. Know that your dream is holy, but dont let financial obstacles get in the way.

OP, you have made a wise decision here, since you know too well that $750 wouldn't be enough to buy you your dream bike, so you decided to buy bitcoin with it in other to double up your capital. We are all expecting the halving that will lead to a bull run, and by then bitcoin price will skyrocket. You should have a target price that you will be willing to sell your bitcoin, in order for you to buy your bike, because nobody knows what will be the ATH of bitcoin in the next bull run. Don't expect too much from bitcoin but I believe you can double your capital and with that, your dream will come true.

Having a cause/target /dream will help to save or invest. If you focus on your dream, you are more likely to not waste any money and save until you reach your target. I'm not sure if you have done this before or not, but it is a great thing to do. If this is your first investment then once you taste how money feels like, you will be eager to invest more and earn more rather than just reaching your target and fulfilling your target by buying that you have dreamed of.
Don't stick to the mindset of doubling your investment. Market moves in random pattern. And it is never 100% sure that you will double your investment. Holding Bitcoin is a good practice but you also need to learn when to sell it in order to take your profit. If you even gain 20% profit and the market seems to go down then you should take that profit. And then again buy it with low price to fill your bag. This will maximize your profit rather than waiting for your investment to get double in a single run. But I am no financial advisor. Do your own research and do what you feel like is the best for you.

Well, for sure if you continue to invest in cryptocurrency or Bitcoin you can easily get your dream bike, I mean I personally did it myself, I did buy my first bike using my Bitcoin investment, and these moments I'm already planning to upgrade buying my second bike which is more expensive than my first bike, For sure most of the people are going to say that it is just material things something like that but it doesnt matter since it's an investment and the goal here is to make a profit, when you make a profit there's a reason for that and for some people its there dream bike. So I believe you could easily achieve your dream bike, there is no guarantee that the market price is already going to skyrocket in the coming Bitcoin halving event, but if you can hold long term and just dont sell your investment at a lower price your still going to make a profit on it. So just be patient and continue to HODL your Bitcoin until the Bull Run.

If you could DCA and accumulate more Bitcoin hold for years it is possible that you could even buy a bike that is even better probably a 1000cc bike already, but as long as you sell at a profit it's still great because this is a risky investment so there was no guarantee that the price is gonna continue to pump, so its always great to take profit from time to time.

You have taken a big step by deciding to invest in bitcoin. I am very confident that bitcoin will touch a new ATH again. And my prediction is $100k. And if you have $750 in bitcoin, maybe you will get 5x the profit and that will be enough to buy your dream motorbike. Maybe that will happen in the near future, I hope in 2024 or 2025

I don't know where you know about bitcoin, but your choice is very right, although there are still risks, I hope you already know the risks so that you have other alternatives if something bad happens. But we believe the future of bitcoin will be very good in the future

You are right and the OP did plan and make the right choice because Bitcoin will definitely make that happen, and what I like about the OP is his goal of owning a motorbike. Because if investing has a goal that you have dreamed of for a long time then that will be a motivation and you will be serious about doing it and you just need to be patient to make it happen.
However, if the OP believes or waits for the halving to come and as everyone expects, it would be better if he continues to do periodic purchases or DCA after investing $750. And make purchases according to your ability, even in small amounts, because with this plan OP can realize his motorbike and other goals after the halving comes and you have to be patient.

Yes you are said really good point of my hobbies because i have one dreams i want to buy a cars if it’s  second hand used cars or brand new cars Doesn't matters because it is my hobbies from childhood but still i,m trying to my best job with buying bitcoin and holding more & more bitcoin but my value is small and when you budget your bitcoin at $750 i really give you thanks because when i have seen 1 bitcoin is $800 or $900 than i don,t know what is bitcoin and what is the futures but today i upset for that times price and today price i hope 2024 coming year coming another bull sessions and go to the moon and i also saw your dream bike this is YAMAHA R15 model best bikes i also like this happy time enjoining you.