You have made the right decision to sell your spare and old bike. OP your bike's value will not increase over time but it will lost its value so buy some bitcoins with it. Bitcoin price will definitely go up if not today tomorrow will but if you don't buy bitcoin in the current bearish market you may miss the chance to buy at cheaper price.
You have taken the right decision in my opinion and now don't take time to implement your plan. Sell the bike and buy bitcoin and store them on a bitcoin wallet not in exchange.
Topic: I sell motorbikes to buy bitcoins - page 10. (Read 1205 times)
Why not? You can sell that car because you also don't use it, and if left for a long time, its value will also decrease. But not caused by inflation, don't blame it for inflation, your property is old, second-hand. It's funny when people always blame inflation or fiat when the value of their assets falls. You can't expect motorbikes that have been used for many years to sell for like new, LOL.
To get a return on your investment in bitcoin you need a plan and a goal, and a strategy, bitcoin is not a get-rich-quick asset.
To get a return on your investment in bitcoin you need a plan and a goal, and a strategy, bitcoin is not a get-rich-quick asset.
Invest in Bitcoin is good if you don't make loans for investment.
You had a good plan to keep one motorbike to use and sell the motorbike you don't use to buy Bitcoin. You did not make any loan, you did not sell anything you are using and needing for your life to invest in Bitcoin.
It is a good and so safe plan.
Before buying Bitcoin, you must plan to store it in your wallet, not on exchange, not in custodial wallets.
Hardware wallets are best but they are not best for you because you won't get much money from a motorbike sale so it is unrealistic to buy a hardware wallet at this moment.
Electrum wallet is free to use and it is good.
[GUIDE] How to Safely Download and Verify Electrum [Guide]
Download it for iOS, Windows, Android and Portable versions too: https://electrum.org/#download
It has multisig wallets and cold storage
https://electrum.readthedocs.io/en/latest/multisig.html
https://electrum.readthedocs.io/en/latest/coldstorage.html
You had a good plan to keep one motorbike to use and sell the motorbike you don't use to buy Bitcoin. You did not make any loan, you did not sell anything you are using and needing for your life to invest in Bitcoin.
It is a good and so safe plan.
Before buying Bitcoin, you must plan to store it in your wallet, not on exchange, not in custodial wallets.
Hardware wallets are best but they are not best for you because you won't get much money from a motorbike sale so it is unrealistic to buy a hardware wallet at this moment.
Electrum wallet is free to use and it is good.
[GUIDE] How to Safely Download and Verify Electrum [Guide]
Download it for iOS, Windows, Android and Portable versions too: https://electrum.org/#download
It has multisig wallets and cold storage
https://electrum.readthedocs.io/en/latest/multisig.html
https://electrum.readthedocs.io/en/latest/coldstorage.html
I think if you want to sell your motorbike and the money to buy bitcoin, in my opinion that's the right decision, because now is the time to buy bitcoin, because the market is bearish, of course if you buy now it will definitely have good potential for the future. but still you also have to think about the risk of investing in bitcoin, because investing is a risk of profit and loss. but if you don't sell your motorbike either I don't think there will be a problem because an old motorbike will usually have the potential to become an antique in the future. And the price will be expensive, so in this case it depends on your decision.
I have 2 motorbikes at home, but what I always use is only 1 motorbike, and 1 motorbike is rarely used, and indeed the motorbike is also old, and if it is sold it won't be too expensive, and I decided to sell the motorbike, because in my opinion the price of the motorbike will definitely fall over time,
(affected by inflation). and the money from the sale of the motorbike I will use to buy bitcoin. because in my opinion the price of bitcoin in the future will definitely rise. and also currently the market is bear, so this is a good opportunity to buy bitcoins. and I want to ask everyone, the decision I made, namely selling the motorbike and the money to buy bitcoin, is it wrong or not?
I'm ready to be corrected because I have no experience in bitcoin and crypto.
(affected by inflation). and the money from the sale of the motorbike I will use to buy bitcoin. because in my opinion the price of bitcoin in the future will definitely rise. and also currently the market is bear, so this is a good opportunity to buy bitcoins. and I want to ask everyone, the decision I made, namely selling the motorbike and the money to buy bitcoin, is it wrong or not?
I'm ready to be corrected because I have no experience in bitcoin and crypto.
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