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Topic: I sell motorbikes to buy bitcoins - page 3. (Read 1207 times)

member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
January 16, 2023, 04:59:52 PM
Sometimes selling your properties to buy bitcoin is not advisable because bitcoin fade any day and the anytime so selling your property to buy bitcoin is like somebody who is risking each morning so it's not really good for you to say hi to your property to buy bitcoin for long-time investment about the process of investing in Bitcoin and the it collapse or crush for Love by rod and they happen to say eat with anger automatically have lose their investment and also lose your property so it is good to use a spare money to invest in Bitcoin
member
Activity: 686
Merit: 21
January 16, 2023, 04:51:30 PM
Well I can not say you made a mistake because it is an investment which is the right decision for your own interests. Selling your spare bike for bitcoin is absolutely wonderful too as there is a phrase that says sell what you can afford to loose" but here it is a bike you sold which is turning into a liability for your instead of depreciation you choose to make it appreciate buy selling it to buy bitcoin. That's was a good idea from you and also a good investment strategy you made for yourself. Doing it at the time of bear market is quite interesting because you would get high volume of bitcoin which would put you on high profit bull run but do not forget the phrase " not your keys, not your coin"stick to these words so you could be on the safe side and remember to save your keys phrase where only you can get it without any issues and free from second party.
Many people in this forum has testified this Bitcoin investment party sold their properties who invest in Bitcoin all the sense then none of them I've come and they give a post or write a post of a regression off selling out their property in order to invest in Bitcoin so it is a personal decision to sell your property to invest in Bitcoin because she will know exactly what is your plan before you could cell your properties to invest in Bitcoin
sr. member
Activity: 728
Merit: 421
January 16, 2023, 04:39:56 PM
Well I can not say you made a mistake because it is an investment which is the right decision for your own interests. Selling your spare bike for bitcoin is absolutely wonderful too as there is a phrase that says sell what you can afford to loose" but here it is a bike you sold which is turning into a liability for your instead of depreciation you choose to make it appreciate buy selling it to buy bitcoin. That's was a good idea from you and also a good investment strategy you made for yourself. Doing it at the time of bear market is quite interesting because you would get high volume of bitcoin which would put you on high profit bull run but do not forget the phrase " not your keys, not your coin"stick to these words so you could be on the safe side and remember to save your keys phrase where only you can get it without any issues and free from second party.
member
Activity: 686
Merit: 21
January 16, 2023, 03:43:16 PM
From the beginning when I join this platform I noticed that many people do sell their properties in order to get bitcoin as many of them that have done that have not regret about it so I believe that now that bitcoin is low and you sell your property to the Bitcoin you will actualize it in time coming so therefore I don't think that this is the first time somebody have sold it property to buy Bitcoin
hero member
Activity: 1750
Merit: 589
January 16, 2023, 02:43:55 PM
That is one good example of turning a liability, which in this case is your old motorbike, to an asset, which you sold for money to invest in bitcoin. The thing is if you kept your motorbike, you may find yourself suddenly eager to customize it and make it so it's on par with the current models, but that will certainly cost you a lot of money, which you could've used to invest into something else. Provided that you have a good and running motorcycle besides the one you sold, I would say you made a great decision investing it, although I wouldn't really suggest blindly investing your money on anything, doesn't have to be always crypto, without researching first and foremost.
copper member
Activity: 71
Merit: 16
January 16, 2023, 02:21:55 PM
I think you will not miss any opportunity if you sell your bike and buy a BTC, why?...because simply BTC is an investment, bike if it is not some kind of an all-timer, then probably value will fall.
newbie
Activity: 57
Merit: 0
January 16, 2023, 11:30:54 AM
That was a smart decision you took, leaving the motorbike unused at home will only result it been a liability and the value will keep on diminishing with time, by now I know that money you got from that bike must have doubled
hero member
Activity: 2366
Merit: 594
January 13, 2023, 01:42:12 AM
thank you for the advice, friends, now I have bought bitcoin, from the sale of motorbikes, yes, even though the price of the motorbike being sold is not expensive, I feel happy because I am now investing in bitcoin.

Just make sure you keep your bitcoin in a safe place and not in exchange, just to be sure, and also try to forget about your bitcoin for a couple of years, but it still depends on your needs as there are times that you are really in need of money. Best wishes on your journey to owning a bitcoin! And also, don't ever think of selling your other motorcycle! May we know what kind of motorcycle you have? I am not a motorcycle enthusiast, but I like riding my motorcycle and going to beautiful places.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
January 12, 2023, 11:58:15 PM
I think of something similar how a campaign manager now selling his Motorbike not because he wanted to buy bitcoin but he wanted to pay amount hacked from His account  Grin

________________________________________________

Good decision from your point mate because since you are not using those bikes it is practical to sell to use at other option  Grin

Hope that this decision will not bring you regrets in the future mate.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
January 12, 2023, 11:01:01 PM
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.
If you only use one and you don't need the other, then yes, it's not a bad idea to sell your moto for bitcoin. Holding your moto will only cause the price of the moto to fall, but holding bitcoin in the long run will give you some nice profit and you can buy a better moto bike later. As long as you don't need the money, invest it in bitcoin. Or to be in the safe side, invest half of it in bitcoin and keep the rest in fiat cash.
full member
Activity: 1302
Merit: 129
Vaccinized.. immunity level is full.
January 12, 2023, 10:34:09 PM
thank you for the advice, friends, now I have bought bitcoin, from the sale of motorbikes, yes, even though the price of the motorbike being sold is not expensive, I feel happy because I am now investing in bitcoin.
Congrats on owning your first bitcoins, the next thing you need is to add to your knowledge about it, if you don't have that knowledge, you'll soon sell your bitcoins at a loss. Investing in bitcoin is more than just buying and seeing it go up, which means we've been successful. You will have a tough road ahead and to get through all of that, knowledge is key. You are luckier than many people when you have the opportunity to invest in bitcoin at a low price, I hope you will seize this opportunity well.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
January 12, 2023, 06:12:00 PM
whether the decision is right or wrong, you sell it cos ur choise , I personally will do the same thing with you at this time, because I believe the value of btc will bounce back in the next 2 years and can be faster than the cycle,
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
January 12, 2023, 04:39:42 PM
Actually this decision is not too bad in my opinion but indeed with the note that it is not used at all because instead of storing the vehicle until it breaks it is better to use it like that by selling it and replacing it with bitcoin as your deposit.
But on the other hand, you also have to be aware that this condition does not apply if you sell what you are currently using. Bitcoin is great but you don't have to sacrifice anything in your entire life to be here.
legendary
Activity: 3234
Merit: 1214
Casinopunkz - Anonymous Crypto Casino
January 12, 2023, 04:14:56 PM
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.

You need to be prepared for two things:

First: Bitcoin price will reach levels at which you will think to yourself: Its too scary not to sell because the price might change for the worse. This is your brain setting you a trap. Do not fall for it.

Second: You need to be prepared to make this a long term investment. Flip Flopping back and forth between Bitcoin and Fiat will only grind you down on fees until nothing is left of your money.

We might see 5k tomorrow or 50k. Do not panic sell.

Enjoy the ride. Bitcoin is always the right choice!
The last sentence gives you the right understanding. Bitcoin is always the right choice. You need to understand the reality and make decisions. With time the market value of the motorbike keeps diminishing, with bitcoin things can happen to the peak rise or it can fall down to the bottom. This is how the market runs, so patience is always required. According to my understanding, there is nothing scary and nothing to get into panic when you've understood the market movements and the incident that drives the market by the time.
legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
January 12, 2023, 02:33:02 PM
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.

You need to be prepared for two things:

First: Bitcoin price will reach levels at which you will think to yourself: Its too scary not to sell because the price might change for the worse. This is your brain setting you a trap. Do not fall for it.

Second: You need to be prepared to make this a long term investment. Flip Flopping back and forth between Bitcoin and Fiat will only grind you down on fees until nothing is left of your money.

We might see 5k tomorrow or 50k. Do not panic sell.

Enjoy the ride. Bitcoin is always the right choice!
legendary
Activity: 1596
Merit: 1027
January 12, 2023, 01:37:29 PM
Well, we need to find ways of getting Bitcoin right!? So everything makes sense as long as it is an honest way of getting Bitcoin. I just do some tasks online and only accept Bitcoin as payment and that is how I increase my BTC wallet. However, and since I also work with cars, Ill probably start requesting payment in BTC for that as well.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
January 12, 2023, 12:21:28 PM
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)
I don't know what country you are from and what is condition of price up and down in your country but here in my country almost all bikes price 2x in just six months. If you feel that you will get better bike than that with same price or cheap than it's good decision.

Quote
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?
You already told that the bike you willing to sell is extra from your need . Now the question is how much you can hold BTC. If you have plan to hold BTC 3-5 years than I think it's your good decision because price of BTC already down and market is down. If you cannot hold for long time then you can lose here because if BTC can down from 65k to 17k it can also go further down.

Quote
I'm ready to be corrected because I have no experience in bitcoin and crypto.
Now look back to you financial condition and the. Take decision wisely because profit and loss will put effect on you. I think buying BTC at current stage is not bad idea and it can rise in short term also
hero member
Activity: 1022
Merit: 600
January 12, 2023, 11:38:10 AM
Selling Motorbike to buy Bitcoin isn't a problem , But where I'm most concerned is if you have good understanding of Bitcoin and its purpose before taking such decision, If that is in place then good you've taken a decision you know will favour you, And I hope your are not doing so because you either see or hear others at some point do sell some of their property to buy Bitcoin.

However, In business it actually involves a two ways thing, it either you profit or you lose.
Goodluk!.
full member
Activity: 384
Merit: 162
January 12, 2023, 09:00:23 AM
thank you for the advice, friends, now I have bought bitcoin, from the sale of motorbikes, yes, even though the price of the motorbike being sold is not expensive, I feel happy because I am now investing in bitcoin.
full member
Activity: 798
Merit: 134
January 12, 2023, 07:24:04 AM
I don't know how others may reason it or comprehend over this issues, to me it's the best decision you have ever taken because bitcoin is a valuable assets that increase greatly and have no bad effects over when you invest in it. It may only cause you a pain for selling a motorbike now, but when you buy bitcoin with the amount sold from the bike, within 1 to 2 years of investment you will enjoy ever taking such decision. So take the bite off and get some bitcoin since you had 2 already.
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