Topic: Life's first investment in Bitcoin by selling bicycles (Read 588 times)
I am sure you are still young and just starting out, which is a good first step to selling your bicycles to invest in bitcoin. I know others may say those $5 losses are too low, but for you, they're big, but the feeling of losing them is the same to the big one. Also, while learning, try to focus only on one section; don't compress your learning, like learning it all in one day, as you can't digest it. Try to read it in your free time or allocate how many hours a day you have. Also, it would be nice if you read news about bitcoin daily so you can learn about it and also see how the market goes.
One thing you need to remember, investing in a centralized exchange and not withdrawing it to a cold wallet will only make you sell it quickly when there is an increase. If you really want to invest long-term then the decision is to keep it in a cold wallet as long as possible. I've seen people say they're investing but their assets are still on the exchange. Remember do not store your assets there if not traded. Investing means that you save for a certain period of time, so after buying, don't look at the estimated balance too often. Buy, withdraw and store in a safe place, forget about market rates and continue to accumulate with the DCA method.
yes.. it's true that I also have experience of storing bitcoins on the stock exchange and as soon as there is a slight increase it feels like I immediately want to sell it.. and in the end it is sold but only makes a small profit.
So indeed, if we keep our assets on the stock exchange, the temptation is always great.
Everyone has their own budget, not everyone will be capable of investing thousands of dollars into bitcoin and I support this move. I mean if you didn't need your bike, that means you should not be really worried about it in the end, let it be how it is right now and invest whenever you can.
Yes, the drop has been bad for most people, but do not be worried, if you can find another 50 dollars, just buy more and keep on investing. There will be plenty of people who will tell you that you are stupid for putting more money into something you already lost some money on, but I guarantee you that in the future that money will go up and you will be richer thanks to it.
Life is all about taking significant, risky actions to build wealth. To escape from a poor income, never stop experimenting with new strategies. Losing doesn't sap my energy or demotivate me; instead, it just gives me great encouragement that I'm headed in the right direction. One can keep failing until they get it right just once, which will make up for all of the previous failures. Already, the act of selling bicycles in order to get bitcoin demonstrated the desire for money. Given that significant efforts have been taken, there is greater optimism for impending huge earnings. Yes, the drop has been bad for most people, but do not be worried, if you can find another 50 dollars, just buy more and keep on investing. There will be plenty of people who will tell you that you are stupid for putting more money into something you already lost some money on, but I guarantee you that in the future that money will go up and you will be richer thanks to it.
Everyone has their own budget, not everyone will be capable of investing thousands of dollars into bitcoin and I support this move. I mean if you didn't need your bike, that means you should not be really worried about it in the end, let it be how it is right now and invest whenever you can.
Yes, the drop has been bad for most people, but do not be worried, if you can find another 50 dollars, just buy more and keep on investing. There will be plenty of people who will tell you that you are stupid for putting more money into something you already lost some money on, but I guarantee you that in the future that money will go up and you will be richer thanks to it.
Yes, the drop has been bad for most people, but do not be worried, if you can find another 50 dollars, just buy more and keep on investing. There will be plenty of people who will tell you that you are stupid for putting more money into something you already lost some money on, but I guarantee you that in the future that money will go up and you will be richer thanks to it.
Woo-hoo! I'm giving you the biggest high-five for taking the plunge and investing in Bitcoin. You've entered a world of excitement, thrills, and unpredictability! Brace yourself, because Bitcoin's value can be like a rollercoaster, but don't panic - it's all part of the fun!
Now, let's get down to business - keep yourself up-to-date with the latest news and happenings in the Bitcoin world. Also, why not throw in some other investments too, just to be on the safe side? Remember, only invest what you can afford to lose, and have a solid game plan for the long run. Let's see where this investment takes you, and best of luck, you crypto warrior!
Now, let's get down to business - keep yourself up-to-date with the latest news and happenings in the Bitcoin world. Also, why not throw in some other investments too, just to be on the safe side? Remember, only invest what you can afford to lose, and have a solid game plan for the long run. Let's see where this investment takes you, and best of luck, you crypto warrior!
Great OP, although many people are not happy that selling assets to buy bitcoin is not advisable, but sometimes we need to make tradeoffs, and take risks to achieve greater things. If it is a house or other important assets, it is not recommended, but this is just a bicycle, I believe it will not affect your life too much, and you certainly have a plan for yourself.
The next thing you need to do is hold it long enough until you make a profit, and to do that, you need knowledge, knowledge is the only way to succeed.
Hey bro i think to hodl your is coins is very simple,firstly just move it out of the centralized exchange (binance), because you not completely the owner of the coins when its in there. Then secondly look for a non custodial wallets like the electrum wallet, which has proven to be very good for hodling and safeguarding your coins and don't forget to keeps your seed phrase very secure and probably save it offline. Then the next big thing is that you totally shy away from the market trend because as a newbie the volatility of bitcoin can make you scared and want to sell off when the price eventually dips. Just be sure that the market will pump again. Try and save it for long because that's when you can actually get some tangible profits added to your investments. Again you can decide to sell off your coins but that totally is in your control but a long term investment is more advicable and preferable.The next thing you need to do is hold it long enough until you make a profit, and to do that, you need knowledge, knowledge is the only way to succeed.
About bitcoin storage, I will have no opinion with you because what you said is absolutely true. But I don't think once you become an investor and avoid market trends, it's not an investment. Once we have invested, we need to accept and face the challenge, only then will we mature and know what to do next to survive in the market. Avoidance is not the way to survive in this market, the more volatile the market, the more you have to face it.
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On the matter of investing, don't ever invest based on what you heard people saying, always to your own research, take you time, learn everything about bitcoin and decide on your whether you still want to invest or not.
And for those investing, always remember that bitcoin investment is for the long term, don't go selling anything or item you know you gonna need in the short term all because you want to invest in bitcoin, some people sell their houses and invest the money in bitcoin, forgetting that houses are also a good investment too.
And for those investing, always remember that bitcoin investment is for the long term, don't go selling anything or item you know you gonna need in the short term all because you want to invest in bitcoin, some people sell their houses and invest the money in bitcoin, forgetting that houses are also a good investment too.
So I decided to sell my bicycle and invest in bitcoins. But since investing, the Bitcoin market has gradually started to decline. I invested with a small amount of money and from that small amount of money I lost like 5 dollars. But I am optimistic that I will definitely benefit from the amount I have invested.
You really deserve a lot of praise. Whatever decision you make to invest, I hope you will find success in your investment very soon. Even if you lose 5 dollars in the first investment, never worry, you will soon recover and see success.Ever since many people talk about how to make a profit by investing in Bitcoin, I have been wondering when I can invest in Bitcoin. There is a lot of information about investing that I have tried to learn. And from various online platforms I got some information and ideas about investing.
I think you are one of the investors in kypto currency. But I hope you go further to get a better understanding of investing. You gain knowledge about investing online and apply some investment strategies in person. You will benefit more from it. 
an event that everyone experiences when they first buy bitcoin. the main thing is that we must be able to maintain mental stability to deal with price fluctuations, when you have already invested, my advice is to learn more about bitcoin, so you know what you should do to make a profit. for me you are right to choose bitcoin, not a new altcoin, so there is no need to worry about the money invested, as long as you can be patient
Well congratulation on your first investment, I hope that it would be worth it for you OP.And it is true what Xampeuu have mention you should be prepared for all of the things that could happen in crypto.
You already experienced the downfall of the market so just hold on and wait for the Bull to run and enjoy the profit.
an event that everyone experiences when they first buy bitcoin. the main thing is that we must be able to maintain mental stability to deal with price fluctuations, when you have already invested, my advice is to learn more about bitcoin, so you know what you should do to make a profit. for me you are right to choose bitcoin, not a new altcoin, so there is no need to worry about the money invested, as long as you can be patient
Congratulations on getting into bitcoin but there are few things you should know.
I hope that the bicycle you sold was an old one or a spare one. You shouldn't sell things you "need" in order to buy bitcoin.
You have invested around $50 and you should not keep unrealistic expectations with your investment.
It won't get you $500 in a few weeks.
Investment takes time to give you profits and you should be able to hold that long to get those profits.
I hope that the bicycle you sold was an old one or a spare one. You shouldn't sell things you "need" in order to buy bitcoin.
You have invested around $50 and you should not keep unrealistic expectations with your investment.
It won't get you $500 in a few weeks.
Investment takes time to give you profits and you should be able to hold that long to get those profits.
Congratulations on buying the first bitcoin in your life.
Bitcoin is actually not the case when you become a millionaire in one day. Be patient and gradually increase your portfolio. Do more research and follow the news in the world. And then you will succeed!
Bitcoin is actually not the case when you become a millionaire in one day. Be patient and gradually increase your portfolio. Do more research and follow the news in the world. And then you will succeed!
Nice determination to invest and buy a part of bitcoin. But hopefully, the bicycle you just sold is not a necessity for you. Many people in other countries use bicycles as their regular mode of transportation to go to work and on their way back home. Meanwhile, your investment might turn $200 in a couple of years or even more in the long run which is enough to buy another bicycle plus the extra profit. Just be patient, don't get tempted and emotional on the big up and down swings and if you have extra savings from your regular income, a DCA in other smaller amounts would be great too.
I invested with a small amount of money and from that small amount of money I lost like 5 dollars. But I am optimistic that I will definitely benefit from the amount I have invested.
You have done a good thing by investing, and I can assure you that Bitcoin will not fail you, it might only delay blessing you. Although you could have learned the investment better before engaging it, which would have helped you to speculate better to know when exactly to start the investment, and it would have avoided the initial losses incurred.Well, the deed is done, I encourage you to be patient, the coin is on its bullish path between now and the next 2 years, so you will earn a multiple of your investment by then.
Welcome and I support you by selling something that you own because you want to invest in bitcoins, and that is much better than doing it by borrowing because it is not such a good idea.
I hope you do for the long term and it doesn't matter how big or small you have because in the long run even if you only have a few bitcoins they will be very expensive in the long run. And you can buy a much nicer bike if it's profitable, and the most important thing is that you have the patience that even if the bitcoin price goes down, it will eventually go up again. So patience and strong belief must be instilled in you, because both are very important when we invest in bitcoin so that you remain calm.
I hope you do for the long term and it doesn't matter how big or small you have because in the long run even if you only have a few bitcoins they will be very expensive in the long run. And you can buy a much nicer bike if it's profitable, and the most important thing is that you have the patience that even if the bitcoin price goes down, it will eventually go up again. So patience and strong belief must be instilled in you, because both are very important when we invest in bitcoin so that you remain calm.
Great OP, although many people are not happy that selling assets to buy bitcoin is not advisable, but sometimes we need to make tradeoffs, and take risks to achieve greater things.
I am always ready to take such risks to achieve success.
Nice idea buddy, you try it in a very simple way. Selling bicycles to buy Bitcoin is a new experience in your life, I hope you are able to survive the storm to get victory after the graph increases again. I admit this is not easy, especially you just lost $ 5 on the first try, patience will lead you to success in investing. what is reduced is only the estimated value, the number of Bitcoin remains the same. So never worry.
Great OP, although many people are not happy that selling assets to buy bitcoin is not advisable, but sometimes we need to make tradeoffs, and take risks to achieve greater things.
I am always ready to take such risks to achieve success.
Your taking such a risk is truly an inspiration to us. I very much appreciate your work. And seeing your risk-taking mindset gives me some courage to invest in Bitcoin myself. I have been wondering for a long time whether I should invest in Bitcoin at this time. But I couldn't risk investing in Bitcoin. But since you have taken such a big risk to invest by selling your bicycle as your only traveling companion, it is really an inspiration to me. Thank you for taking such a big decision and hope you get a good return on your investment.
Have patience and I believe you OP have got good understanding about the market,
Thank you sir..You are welcome to the Bitcoin world and for your endeavors to own a Bitcoin is a good attempt.
Thank you so much sir..unpredictable and volatile in the first.
Invest what you can afford to lose, Always remember that.
Of course I am ready to take the risk. I like your dedication and ambition to gain profits by investing in Bitcoin,
Thank you sir.Great OP,
Thank you so much..First of all, welcome to bitcoin ecosystem.
Thank you so much..That is Bitcoin investment.
Well, firstly, congratulation on your first investment in Bitcoin, I am sure that this will become a never-forget moment in your life.
Do you mean you have no use of your bicycle any more?
By bicycle I used to do many daily essentials like going to market for tuition etc.Well, as long as your bicycle is not useful to you anymore, then it’s a good decision to sell and invest in bitcoin.
Thanks for your valuable feedback.Welcome to the BitcoinTalk forum.
thank youIt is true that the amount is small and it was a loss the first time, but the experience itself is new and exciting.
Although in the first stage I was at loss but I am very happy.When you plan to make an investment, especially about long term investing - then plan how you keep your assets safe in the long term as well.
Your advice will be in my mind @OP, it is normal for the price of Bitcoin to fluctuate. As we know it is still considered as highly volatile asset.
Thanks for the adviceI have two great concerns about Op
Thanks for your advice @OP you must immediately transfer your investment to a safe self-custodial wallet if you are not going to trade with it.
Thanks for your advice From the look of things, ops some is growing up in the knowledge that you need and while at that you are advised never to invest what you can not let go for a couple of years, Bitcoin is not a get-rich-quick scheme and at that, you need to have strong patient and motivation.
Investing I am ready to exercise maximum patience.It's amazing that you bought Bitcoin.
Thank you As a financial advisor I have some worries here.
Your information was great informative. Which will be useful for me in future.Great OP, although many people are not happy that selling assets to buy bitcoin is not advisable, but sometimes we need to make tradeoffs, and take risks to achieve greater things.
I am always ready to take such risks to achieve success. Jump to: