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Topic: Sale my old bike and buy bitcoin, what do you think? (Read 1469 times)

full member
Activity: 2128
Merit: 180
I think you have to understand risks in crypto market before going take a discussion to invest funds in bitcoin or crypto currencies, because you are new to crypto and planning invest in bitcoin for that you want to sell your bike to get investment amount so it is your hard earned money so think and do well. I wish you get good returns for your investment.
You should be a risk taker if you are planning to invest, and you’re right its the hard earned money and it should be spend wisely. Bitcoin can’t promise a better life but if you do believe then for me its worth it to sold your bike especially if you are using it everyday. You can have more bikes if the bull run comes, so do it now mate and learn to hold.
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
Selling your bike and buying bitcoin can't really guarantee you making any profit over a short period of time, but there are chances of getting some profit in a few years, of course, I'm predicting you're not restricting your life by selling your bike just to buy bitcoin. I think your bike is a necessity for your life because you need it for your daily life. It's hard to throw away some need to just invest in risky stuff even though there's a high likelihood of earning profit later.
hero member
Activity: 2240
Merit: 579
Leading Crypto Sports Betting & Casino Platform
         

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

You have a very expensive Bicycle))) Next year, I also want to make every effort to buy as many bitcoins as possible.But trading is not for me so I will use different options.
If you're planning to buy many bitcoin, i believe next year is not the right season because the crypto market will be in rally season during that moment and there's the possibility of you buying when the price of hit new ATH this is what the OP understand before selling is old bike.
I will advise you to get more bitcoin asap before it halving.
full member
Activity: 562
Merit: 100
         

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

You have a very expensive Bicycle))) Next year, I also want to make every effort to buy as many bitcoins as possible.But trading is not for me so I will use different options.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
         

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

Your decision might be right on selling your old bike because as of now the price of bitcoin is cheap, so it will be a good time to invest your money in bitcoin because you can do anything you want with the money, if bitcoin started to reach it's price to 20K USD again. Just be patience on your bitcoin holding because will definitely give you a good profit in the future.
hero member
Activity: 1432
Merit: 500
I think you have to understand risks in crypto market before going take a discussion to invest funds in bitcoin or crypto currencies, because you are new to crypto and planning invest in bitcoin for that you want to sell your bike to get investment amount so it is your hard earned money so think and do well. I wish you get good returns for your investment.
hero member
Activity: 2702
Merit: 704
I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

You know your financial situation better than we will ever do, if you were not using that bike then selling it for a good price while you can it is a good decision and since the market of cryptocurrencies has crashed about 50% when we look at the highest price that it reached during this year then you seem to have made a good business.

The only thing I don't know is if you are going to have what it takes to hold your coins for long enough to make profits, the volatility in this market is high and the price can move in ways that most people could only dream in other markets and this makes difficult for holders to keep their coins since most of the time they sell too soon when the price is going up or they sell when they are incapable to take any more losses when the market goes down.
sr. member
Activity: 812
Merit: 262
         

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

In my own opinion, selling your old bike is not a wrong decision because selling your bike in exchange for investing it on bitcoin would be worth in the future that you might buy a new bike or a car if the price of bitcoin will reach it's price to $20,000 again, as long you have a patience to wait for bitcoin to increase it's price in a long term.
sr. member
Activity: 462
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
I guess it's all right to sell our properties to invest in bitcoin. The main thing we did study and watch the behaviour of the Bitcoin market seriously before investing Bitcoin. And if you think that bitcoin is going to pump up, the decision to sell bitcoin bicycles is the right one. The error that often happens is that people are only interested in that bitcoin without their analysis and selling their valuables to bitcoin, but it turns out that bitcoin dumps lose a lot.
sr. member
Activity: 770
Merit: 253
I don't want to hear back about the 2017 fomo where people sold their home, their cars, almost everything to buy in cryptos and then went homeless after the crash. 
This isn't the place to ask about such things. People gonna blabber anything and what if you end up selling your bike and in return you make a huge loss.
Such personal decisions should be kept outside this forum
Regarding investment at this price point. Wait for btc to cross 7500 mark before taking any investment decision this year.
I agree with your thinking' basically i was looking gone year 2017 lot of people investment in bitcoin with sales their home, car, land many think and after some month later they are shocked for drops bitcoin price. I know about some people still have not recover compensation their money.
Note: this is my old bike and will never increase price this bike so wish is good luck hope my target will get success.

When I am seeing the year 2017, I am really amazed and feeling happy, because that  year really means a lot for all of us as there's a lot of lives who had change for good because of the bull run, there's a lot of people that becomes interested in crypto. I was also keep dreaming and hoping that I hope I had enough Bitcoin that time, so if you will sell your Bike now, time will come Bitcoin will rise again, so don't ever waste your time and don't miss the opportunity.
sr. member
Activity: 1935
Merit: 290
I don't want to hear back about the 2017 fomo where people sold their home, their cars, almost everything to buy in cryptos and then went homeless after the crash. 
This isn't the place to ask about such things. People gonna blabber anything and what if you end up selling your bike and in return you make a huge loss.
Such personal decisions should be kept outside this forum
Regarding investment at this price point. Wait for btc to cross 7500 mark before taking any investment decision this year.
I agree with your thinking' basically i was looking gone year 2017 lot of people investment in bitcoin with sales their home, car, land many think and after some month later they are shocked for drops bitcoin price. I know about some people still have not recover compensation their money.
Note: this is my old bike and will never increase price this bike so wish is good luck hope my target will get success.
copper member
Activity: 69
Merit: 4
Sudoku Wallet - Hard to Guess
I think BTC is much better investment, than old bike  Wink

Bitcoin has 50/50 chances to grow, but old bike price will only decrease over time.
sr. member
Activity: 686
Merit: 262
I don't want to hear back about the 2017 fomo where people sold their home, their cars, almost everything to buy in cryptos and then went homeless after the crash. 
This isn't the place to ask about such things. People gonna blabber anything and what if you end up selling your bike and in return you make a huge loss.
Such personal decisions should be kept outside this forum
Regarding investment at this price point. Wait for btc to cross 7500 mark before taking any investment decision this year.
sr. member
Activity: 630
Merit: 265
         

I had an old bike and i was purchasing almost two years ago, but one week i have sold my bike and i purchased some bitcoin.
Especially I want holding long time with more patient because i want makes more profitable.
So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

Notes: basically i am not more expert trading then i keep decision holding is my best way for making more profitable.
Welcome to share your mind.

In my own opinion, if you didn't use your old bike anymore, you made a right decision sellling your bike in exchange for bitcoin because it will be worth it in the near future that you can buy a new bike or a brand new car, if bitcoin will start to increased it's price in the year of 2020. Patience is all you need for you to see the positive outcome of your decision.
hero member
Activity: 2254
Merit: 709
Of course you did well. Put those bitcoins away and forget: in a few years you will buy the car with them.
sr. member
Activity: 602
Merit: 250
—RUSHMOON — Automatic LP & Yield Farm & AMM on BSC
I think you have make a great decision when lots of people give up on bitcoin. I can not tell exactly bitcoin can grow in 2020 and you will have good profit, but i see lots of pro traders showing that the market might have a new bull run next year. Wish your decision will pay off.  Wink
sr. member
Activity: 966
Merit: 274
Your main question over here was "was your decision right or wrong" to sell your belongings to buy bitcoins. Well does it really matter now? Like you have already sold your old bike for bitcoin. This mean you have already taken a decision. Now, asking your self if it was right or wrong does not matter anymore as you can undo what you just did. All you can do is just buy another bike for yourself but then again, why would you be spending more money to get what you already sold? Don't regret what you did.

Did he already sold his bike? I think this is the first time he will decide on how this will going if positive or negative implication. Why not think about the market and consider the market price of bitcoin? You are still inside of the investment platforms rules, so if you ever decide to sell your bike, why not to choose the right time when to sell it? What I could advise is for you to base the selling price of it in fiats, then let the bitcoin market price decline a bit when you think it is already enough for investment then that's the time you should sell your bike.
member
Activity: 728
Merit: 19
KUWA.ai
It depends on how you are going to use that BTC. You can lose all your investment if you invest it in any shit coin. I can suggest you that invest 50% of your total BTC any good project and trade with the other 50%. Trading is very profitable and it can double your money in a very short time if you can find a way to trade it correctly.
sr. member
Activity: 896
Merit: 251
in my opinion, that is the right decision, if you are able to be patient longer, then it will be more profitable, I think it's easy, if you are willing to sell old bikes because you have such intentions, I'm sure you will be able to be patient ..! !
the most important thing is that we have to be consistent when we have sacrificed something, if he has done it then it is better to continue the initial goal he made and patience becomes important when he invests in crypto
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
The outcome of what you did is good since you are a big amount of profit by just selling your bike and investing it onto bitcoin. Just do not forget the buy low and sell high principle. If you sell your bike to a particular value and invest it on bitcoin, you should sell your btc much more higher than you have sold your bike for you to be able to earn profit.
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