Topic: Sale my old bike and buy bitcoin, what do you think? - page 4. (Read 1469 times)
For sure it was a smart move buddy, and for sure you will see a big profit in 2020 from that investment. Just think about the guy who delivers 2 pizzas for 10,000 btc. after some years the amount of money for those pizzas is nuts. If you can hold what you get for the bike in the next 5 years, there will be a nice profit.
As long you know the risks in crypto, invest in what you can afford to lose. We cannot predict price but since you purchase some bitcoin probably you will earn once it will surge it's value in the market. If long term hold it is a good choice to sell some of your stuff and invest in btc.
Besides he just sold his bike, meaning to say that once a bike becomes old, he can't even use it nor can sold it so what he did is a good idea for me, I would rather sold something that will have no value at all in the future for me to have a good chance to be able to buy something that my future will thank for and this is a good example for me.
As long you know the risks in crypto, invest in what you can afford to lose. We cannot predict price but since you purchase some bitcoin probably you will earn once it will surge it's value in the market. If long term hold it is a good choice to sell some of your stuff and invest in btc.
Done is done now. You cant undo that move. Dont think too much about this decision. If you are not an experienced trader then its good to stay with bitcoin in the start and HODL. You will see with time that long term investors are never at loss here.
Wish you good luck with your investment.
Wish you good luck with your investment.
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.
I think it is a good decision you had made, I also have a friend who is torn between selling his bike or not. I advised him to sell it because you can make the money multiply by putting it in trading then you can buy another bike later on right.
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.
so OP your decision is right because what you did is investing and not for other nonsense expenses.
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.
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at the very least, you already understand the risks of investing in crypto (bitcoin). I cannot assure you, right or wrong of your decision. due to bitcoin fluctuations, so no one knows how the price of bitcoin in the future. it's just a lot of predictions that the price of bitcoin will be very expensive in the future. if you believe that. keep to hold. I personally keep holding.
I think that is a very appropriate decision, to put money in bitcoin right now will be high value in the next few years, but I am sure that the next 1-2 years will soon see an increase. fluctuation will not be a problem if he goals for the long term. actually the amount is not too large, but if growth through trade is good but the risk of losing is greater than just holding bitcoin.
even like that, I think 0.1 bitcoin is big enough. but, it needs to be added so that the profit it gets becomes higher. Well, even an increase in price reaching $ 8k would make his profit from selling his bicycle. the thing to do right now is the same as us, which is to hold.
at the very least, you already understand the risks of investing in crypto (bitcoin). I cannot assure you, right or wrong of your decision. due to bitcoin fluctuations, so no one knows how the price of bitcoin in the future. it's just a lot of predictions that the price of bitcoin will be very expensive in the future. if you believe that. keep to hold. I personally keep holding.
I think that is a very appropriate decision, to put money in bitcoin right now will be high value in the next few years, but I am sure that the next 1-2 years will soon see an increase. fluctuation will not be a problem if he goals for the long term. actually the amount is not too large, but if growth through trade is good but the risk of losing is greater than just holding bitcoin.
at the very least, you already understand the risks of investing in crypto (bitcoin). I cannot assure you, right or wrong of your decision. due to bitcoin fluctuations, so no one knows how the price of bitcoin in the future. it's just a lot of predictions that the price of bitcoin will be very expensive in the future. if you believe that. keep to hold. I personally keep holding.
In fact a lot of people are getting rich because of this strategy, and now that bitcoin halving is approaching many speculations have come out and all of this has been positive for bitcoin prices.
But it is up to you to decide, Because you have to deal with huge risks and can result in huge losses or huge profit.
yet he has nothing to lose actually because what he sold is Old Bikes that means was not hes primary bike now so thats for spare right?But it is up to you to decide, Because you have to deal with huge risks and can result in huge losses or huge profit.
in this case the motto of cryptonians "Invest what you can afford to lose" is there?because the money he invest in bitcoin is from the spare money and does not came from his savings or daily income.it is safer even if he fails(things that i am sure wont happen because Bitcoin price is growing as time passes by)
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 fact a lot of people are getting rich because of this strategy, and now that bitcoin halving is approaching many speculations have come out and all of this has been positive for bitcoin prices.
But it is up to you to decide, Because you have to deal with huge risks and can result in huge losses or huge profit.
yet he has nothing to lose actually because what he sold is Old Bikes that means was not hes primary bike now so thats for spare right?But it is up to you to decide, Because you have to deal with huge risks and can result in huge losses or huge profit.
in this case the motto of cryptonians "Invest what you can afford to lose" is there?because the money he invest in bitcoin is from the spare money and does not came from his savings or daily income.it is safer even if he fails(things that i am sure wont happen because Bitcoin price is growing as time passes by)
It is not a matter of right or wrong, if you have considered it well, and understand the risks, then that is not a problem. You just need to be mentally prepared, we know that bitcoin has high volatility so that how big is the opportunity to go up then that is also the chance to go down.
When many people have understand with risk and ready their mentality after bitcoin and altcoin have lower price maybe can invest which one they want to invest and have to know first bitcoin and altcoin not always have higher price but some time can suddenly down with lower price, you know not all person already when bitcoin down and have lower price but they always keep ready after bitcoin raise with higher price. 
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.
I've heard stories about people selling their house to buy bitcoin and their investment paying them off by making them a multi millionaire.
People loved to risk their wealth and asset for bitcoin even though they felt so bad with the curre to market situations. Many contributors to the ongoing price recession, like bearish market, regulation, exchange issues like security breaches and lots of scam crypto projects. These things is going so bad to see, but strong holders remain silent in the midst of the struggling period. Even if they come to a point where quitting is the last resort, they still prefer chosing to stay with cryptocurrency.
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.
always interesting to see common people getting introduced into bitcoin HODLing like that
at least you sold something that you wasn't using a lot and that could be dangerous , I have a friend whose brother died because of a bike crash
as for the making profit part , you cannot be sure with crypto and bitcoin , at least you didn't buy it at 17.000$
there are chances that you make some profit 2020 since the parabolic increase due to the halving will be starting in 2020
but if I were you I would wait a couple of years , 0.18 btc is not something that will bring you riches , if bitcoin goes to the moon ( 6 figures ) this amount could be some tidy sum
ah and yeah , welcome to the club , bud!
I think it's better to think about decisions prior to taking it. Since you have bought bitcoin it's better to stick with your decision.
Nobody can tell you what crypto market will be in 2020, just stay easy and HODL.
There is not much risk involved in current price of Bitcoin as it will surely go up from here. Now it's up to you how long you can wait.
I will do what the OP decide with hos asset. Because I believe that it could be a better investment in the future. We are the one who made our future, so invest now , it doesnt matter if is cost only a $1000 as what you have said but it will be a good amount to start. Nobody can tell you what crypto market will be in 2020, just stay easy and HODL.
There is not much risk involved in current price of Bitcoin as it will surely go up from here. Now it's up to you how long you can wait.
If you are ready to accept the risk of the decision you made, of course this is the right choice, because as I know the price of your motorbike will always decrease every year, while bitcoin is likely to increase.
As long as the items you sell are not important needs in life, no problem.
We are still not sure that the price of BTC will increase every year. The market is unpredictable and if he is lucky he can make a lot of profit when the market is trending up.This is a risky speculationAs long as the items you sell are not important needs in life, no problem.
Yes, we are not really sure as this is really a matter of taking risk, imagine if we will not take risk at all, what life we will have, let's just look at the life of successful people who manage to take risk, they are not sure with the path that they are doing, but imagine what if they didn't take risk, right. So for me, selling bike is fine as you can still buy it anytime.
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.
I've heard stories about people selling their house to buy bitcoin and their investment paying them off by making them a multi millionaire.
If you are ready to accept the risk of the decision you made, of course this is the right choice, because as I know the price of your motorbike will always decrease every year, while bitcoin is likely to increase.
As long as the items you sell are not important needs in life, no problem.
We are still not sure that the price of BTC will increase every year. The market is unpredictable and if he is lucky he can make a lot of profit when the market is trending up.This is a risky speculation As long as the items you sell are not important needs in life, no problem.
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