Sale my old bike and buy bitcoin, what do you think? - page 7.

Aying

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Quote from: Jocuserious on December 07, 2019, 12:40:20 AM

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 do a right decision, because making a decision like this is not an easy thing to do in crypto. A lot of people are negative about investing and being patient in crypto. so deciding this thing right now will give you profit at a perfect time. 2020 will surely bring a positive news, just observe the market situation.

Edraket31

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Quote from: Asmonist on December 08, 2019, 04:06:44 AM

Well, if you don't need your bike for now then its a good idea to sold for bitcoin. Otherwise, your bike will depreciate and bitcoin will soon be increasing in value but in no particular time. It can be early next year or the next months or so. Its really unpredictable so might as well be prepared for anything could happen.

Selling his bike is better for me rather than selling some of your properties just like what other people did wherein they sold their house and lot or some of their car just to buy some Bitcoins, well, I don't judge them as I know the potential of Bitcoin too but for me as a beginner in this industry let's take it slowly and just invest something we don't need much or we can afford to lose.

Asmonist

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Well, if you don't need your bike for now then its a good idea to sold for bitcoin. Otherwise, your bike will depreciate and bitcoin will soon be increasing in value but in no particular time. It can be early next year or the next months or so. Its really unpredictable so might as well be prepared for anything could happen.

Ridwan Fauzi

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In my country I can buy a car with 0.18 BTC, so I'll your decision is going good and seemingly I have to do something to follow your idea. I have an old car now and I'll sell it for 0.6 BTC and at the end I'll buy bitcoin and hold for long term investment or at least to prepare bitcoin halving event.

I know this decision has a high risk but I don't want to miss another chance to get a lot of profit from bitcoin. Also, I just thinking selling a car to buy bitcoin is quite reasonable. Since its price will fall slowly because there will be many cars who will come. I hope I can follow as you get now even I'll hope my profit for this decision will exceed what you get now.

Astvile

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If the price movement will go up and bitcoins price will continue to rise then it's a worth exchange I think. The thing is we really don't know if whatever we are doing will go the way we expected. Investments hold a ton of risk and each thing we sell to buy something like what you did we must be ready to have a loss. But if you have trust in what you did, be confident and be positive.

fiulpro

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Hey
I think you shouldn't sell something which you have some meaning for , for something that could have a meaning.
I think it is really important to realize that, bitcoins is very unexpected therefore you shouldn't have made a move when the price was high , let the storm calm down then do something , usually there is a sharp period of decline or incline that could be seen and you have to gauge that .
But who am I to say ?
I am also holding it since 2016 therefore , hopefully we didn't made a mistake holding bitcoins this long .
But there are some positive factors too that one can see right now , the positive ones that are hinting that the price is gonna go up.

Eugenar

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Quote from: Sadlife on December 08, 2019, 01:01:11 AM

That's how to reuse things its called refactoring. If you're not using it anymore than why not resell and turn in into profit instead leaving it to rot. Investing into assets lets you grow your money and soon even buy a new bike just dont sell things that you can't afford to lose important possession like house, car and accessories. I've seen a lot of investors like that in 2017 when btc reach the 20k ATH.

Transactions in cryptocurrency is better if we don't limit selling only used items, but it could be possible that we can have a platform that sells used items in Bitcoin, wherein, people could use to find what they need and could be delivered to their home. Almost, we have an endless possible things to do with crypto in terms of transactions that involves money. I do really appreciate if more and more items like this could be posted because it induces hope and market adoption to people involved in cryptocurrency.

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Quote from: Jocuserious on December 07, 2019, 12:40:20 AM

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.

damn man you gave me an idea,actually my Old Bike has been staying for me long time because i value the sentimental since this was my "first Purchased bike from College" but i think this is the right time to let go and make this more useful.

Quote from: Jocuserious on December 07, 2019, 12:40:20 AM

So what do you think ? My decision is worng or right? The upcoming year 2020 give me good profits ??

no you've Done the perfect decision of your life and will sure in future you can buy even HD bikes when the bitcoin revolution takes place worldwide.

Quote from: Jocuserious on December 07, 2019, 12:40:20 AM

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 don't need to be an expert trader to understand that Future is near and Bitcoin is the currency who will serve us all that moment ,keeping them for years is the great move we all have done.

joinfree

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Quote from: Jocuserious on December 07, 2019, 12:40:20 AM

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.

What kind of bike was that lol, that's quite a lot from the sales of just one bike. Anyway, it's still a good investment decision if you ask me but note that if you are not going to trade with it then you will need to hold it for at least six months. Bitcoin halving is just some few months away and only that can make we see some huge gains in the upcoming year. Welcome to the holding club!

alisonwonder

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Quote from: joniboini on December 07, 2019, 01:03:10 AM

Nobody can tell you exactly where we would go. It might rise or Bitcoin might get another $3k, who knows. That being said, investment is never guaranteed, you should always prepare for the loss. Did you put all the money on your investment? I hope you didn't do that. Better save some for other investments so you can diversify your portfolio.

There is no wrong or right decision (at least we don't know it now yet). Don't be overly optimistic or pessimistic, just follow the market and you should do fine.

don't worry when you put all the money on bitcoin it's better than put it on altcoins. long-term bitcoin still has good optimism to increase, if going down buy again as you can. there will be halving in the next year, and that's very hype. Essentially I am sure in the long term it will eventually increase.

Sadlife

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That's how to reuse things its called refactoring. If you're not using it anymore than why not resell and turn in into profit instead leaving it to rot. Investing into assets lets you grow your money and soon even buy a new bike just dont sell things that you can't afford to lose important possession like house, car and accessories. I've seen a lot of investors like that in 2017 when btc reach the 20k ATH.

barabarian1

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in fact no one knows for sure whether next year bitcoin will pump or dump. so I also don't know the decision you've made is wrong or right?
but I am also optimistic that bitcoin will pump next year because next year bitcoin will be reduced by half. and if we look at the history of bitcoin, bitcoin is always pumping after being reduced by half. so I think now is the right time to buy bitcoin. I hope your decision to sell a motorcycle for bitcoin is the right decision.

Congyang

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it's not a problem to sell a private collection, provided you can be sure and optimistic about it I think you are on the right path. so I think your optimism and your way to be more careful in using btc will determine your profit going forward.

topbitcoin

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Quote from: Kambal2000 on December 07, 2019, 10:44:15 AM

Quote from: topbitcoin on December 07, 2019, 10:08:38 AM

It will all depends on yourself. I mean, make investment in anything must know the risk and people will said that use money that you afford to lose. But if see from old bike that you said, maybe it can be worth although no one know where price of bitcoin will go but bike and car usually not really good as investment, beside cost to maintain it, the price of bike and cars usually keep get down. And it will be better to change to investment that maybe more profitable.

Exactly, if that is what he aims then I would definitely be at his side and would agree with his decision, because bike is something that we can live without, so if ever you lost in Bitcoin then you only lose your bike which you can still buy as you can still save money and be able to afford it, what I don't like most is that people are selling their properties for Bitcoin.

Right, and about sell their properties, maybe can be "depends" too. Because if that person sell his "only one" house maybe he wouldn't have it anymore. But if we are very rich, have house and want to do something else, maybe it is worth to use 1 of our house to make investment in bitcoin. At least if profit it can be faster than make investment in a thing like house.

CookieGums

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It depends on you because if you don't use your old bike very much. it is good that you have sold it. if this is the case you always use it daily you have made a wrong decision. I have also bike i use it once a month but i do not think it will good investment than storing my bike because i have benefits in it.

Bitcoin is not stable. Not like material object. Bitcoin dump and pump. You can't say if you have made a good decision. Only when we get there in future.

Jocuserious

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Quote from: iamaruf on December 07, 2019, 02:00:20 AM

If you think your bike is not useful right now then you did a good job.to make profit need patience and need to hold long time.Though you mentioned it.Maybe 2020 will be good year for crypto market but no one can guarantee.
Note: Coinbase or others exchangers are not safe for holding crypto (for long time) you are using coinbase.Better to use electrum/bitcoin core.No key means no control no crypto. 99.99% risky.

Really my bike not useful because almost it's two years old and i agree with your mind so i will take hardware wallet soon for holding my crypto with long time. I keeping buying bitcoin with my full confidence if i will want long time then my profits chance hope but i can't believe new project for that lossing.

meanwords

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The first thing you have to do is to think long term. Since it's an old bike, it's a good decision that you sold it instead of just storing it. There's a chance that 2020 might not be the year were Bitcoin will moon but looking at long term, you will see Bitcoin steadily grows. Remember what was the price of Bitcoin at the start of this year? Look at the price now, it has doubled since. Just hold it for now and you will reap your rewards later.

Pamadar

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Quote from: the rise on December 07, 2019, 08:32:45 PM

if you are determined to invest and sell some of your goods, then you must explore many things and not just be quiet and wait. Your decision must be developed with understanding. 2020 and Halving are not the only factors that cause the price of bitcoin. Your limit must be set to wait, whether for the next 3-5 years. To anticipate, you should try to trade it regularly from now on.

That's right, you need to explore and understand much deeper in regards to your investment position. There's a lots of factors to consider and not to leave things without understanding and assessing the potentials. You are prone to lose your money if you will just relied things to market trend. Keep trying to understand and enhance your knowledge.

the rise

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if you are determined to invest and sell some of your goods, then you must explore many things and not just be quiet and wait. Your decision must be developed with understanding. 2020 and Halving are not the only factors that cause the price of bitcoin. Your limit must be set to wait, whether for the next 3-5 years. To anticipate, you should try to trade it regularly from now on.

pixie85

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Quote from: ChrisPop on December 07, 2019, 01:55:49 PM

Please don't make your decision to keep the bitcoins or not based on other people's opinions. It is ok to read and be aware of other's opinions, but you shouldn't follow them if you understand what I mean. Do your own due diligence and assume responsibility for your actions. If you are a student or you don't have any other form of income it might be a good idea to reap a little bit of the profits to buy yourself a new bike and maybe use it to save time, fuel(assuming you use a car to move from place to place) or even make money by doing delivery for different venues like Uber Eats, Glovo, etc.

Don't listen to people like the one I'm quoting who are telling you to sell. Sure make your own choice but my advice is to learn from other smart people and hold. Read some predictions, watch Andreas on youtube, or watch some of Trace Meyer or that weirdo Max Keiser and you'll know that holding is going to be worth it in the long run.

Your old bike would just get more rusty in a few years and that little bit of Bitcoin can potentially change your life.

I'm not telling you to hold as a joke. I'm a holder myself.

Topic: Sale my old bike and buy bitcoin, what do you think? - page 7. (Read 1469 times)