Topic: Sale my old bike and buy bitcoin, what do you think? - page 9. (Read 1473 times)
Selling your old bike might be a good idea to you because you can now buy and invest bitcoin but somehow it is not a good idea for me I will not sell it especially if that thing has sentimental value. Even it is an old bike it can become more valuable in the future just like bitcoin. I know there are some collector who loves to collect an old bike so for sure in the future it can become more valuable.
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.
Whatever my answer is or the answers of the people here are, it won’t change the fact that you have already sold your bike for Bitcoin. I would consider the decision a good one if it is taken from a completely neutral point of view. However there have to be some factors that would come in like what if the bike has much more value to you over the amount of Bitcoin it gave you. Value could be personal or sentimental. It could be more than just monetary. But either way, you’ve already exchanged it with Bitcoin. That’s still good because Bitcoin could give you more than just a bike in the future.
As you said it was an old bike, and if it is not useful to you then you made a good decision. That bike depreciates unless it is a necessity to you. There is no assurance in holding bitcoin but I believe its potential is very promising especially next year. Good luck my friend and I hope your investment will multiply.
If you don't actually use your old bike it's good choice to sell that, Because that would only ruined, especially if it wasn't used often.
But the idea of selling your old bike in exchange for bitcoin I disagree, especially since we do not know what the future price will be and it is at risk of loss that you have to accept because it is your decision.
But the idea of selling your old bike in exchange for bitcoin I disagree, especially since we do not know what the future price will be and it is at risk of loss that you have to accept because it is your decision.
Actually there are so many people who are currently selling their property in order to buy or invest bitcoin not just only a bike but a real estate or a house in which they already sold their own property just to buy bitcoin and to invest on it and wait until the great pump up comes. This suddenly was one of the very risky part of being a investor or crypto enthusiast because they are risking so much in a no exact possibilty if you will earn or not. So this investing is one of the very hard part of being a investor but this is also one of the good way in order to earn money, just trust and wait until you will earn and good luck to all of us who are risking very much.
Everything depends on situation.
Bitcoin price can go either up or down. You could have used that bike for delivery work and get some money
Anyway, 1412 dollars for an old bike was a good deal. If you do not use the bike and was not intending to do it, then risking in investing in bitcoin was a good idea. At least you will get an experience of being an investor.
Bitcoin price can go either up or down. You could have used that bike for delivery work and get some money
Anyway, 1412 dollars for an old bike was a good deal. If you do not use the bike and was not intending to do it, then risking in investing in bitcoin was a good idea. At least you will get an experience of being an investor.
If you truly believe that much in Bitcoin, or you just have much to spare to invest and risk on something, then there's really nothing wrong in what you've done. Still, it depends on your total capital and the amount you can liquidate that won't compromise your living. Your bike isn't any antique either. You could try and watch the market for pumps, or better yet, wait for the next halving and its anticipated bubble, then sell it all.
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.
Definitely. Uncertainty is the consequences of taking the risk with bitcoin. Bitcoin's price now is sitting from $7000 to $8000 for quite long time and profit is at lowest rate base on its movement. That being said the year 2020 might give you the hope you need since we have been seeing a lot of good news regarding cryptocurrency and blockchain especially the bitcoin. @joniboini is right you need to diversify your investment, not only focus on the bitcoin, see also the potential of other coins.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.
imo, selling an item to purchase/invest with something uncertain thing is a bit off, but I think the bike of his isn't that important at all to him or does not have any sentimental value to him or he's just blinded with potential of bitcoin? 
I think the best decision you cold take must be based on your own thoughts and opinions. From my point of view , selling your bike for Bitcoin its kinda a good decision as you could buy a low budget bike after and continues to ride and in the same time having some Bitcoin ready for the next pump. I'm thinking myself to sell my car in order to buy half bitcoin and half altcoins from the amount of money I would get on it as its not an expensive car and kinda old already so yea , put everything in balance and take a decision.
1400 for bike was totally right decision
I might say that he is having an expensive bike for that amount. It is good decision OP , you can have more and an expensive one when you have already profit in trading. You should keep in mind also that having a bitcoin needed a risk also, because it is not always pump in bitcoin. You should have a better patience in this matter also, let us hope next year will be the day.
I am really hoping that you made the right decision, no one can predict the future but there are some rumors in the year 2020 like you said the bitcoin halving will happen. Bitcoin miner rewards will be reduced by 50% and in theory, if the reward will be reduced there is a possibility an increase in price but these are just a theory. I am really looking forward to a green market in 2020. But what if the opposite will happen? Well, it's your decision in the first place I hope you made the right bet.
Bitcoin is not supposed to be a profit making technology, you should buy bitcoins to use it as a currency to buy something else. I recently watched
a documentary where a Billionaire challenged himself that he would start with something like $100 and then turn that into a $1 000 000 business
within 90 days. He started by collecting old tyres and selling it for a profit and then he moved onto cars and then a house and then a business. We
think simply selling one thing and buying Bitcoin would guarantee you a profit, but you could use your creativity and turn that money into a profit,
just by buying something cheap and selling it for a profit and rinse and repeat that strategy until you can buy a lot of bitcoins. Hoard some of those
bitcoins and use the rest to buy and sell online. (Some of my friends are making a killing by buying items cheap on "Wish" and selling the items
for a profit.)
a documentary where a Billionaire challenged himself that he would start with something like $100 and then turn that into a $1 000 000 business
within 90 days. He started by collecting old tyres and selling it for a profit and then he moved onto cars and then a house and then a business. We
think simply selling one thing and buying Bitcoin would guarantee you a profit, but you could use your creativity and turn that money into a profit,
just by buying something cheap and selling it for a profit and rinse and repeat that strategy until you can buy a lot of bitcoins. Hoard some of those
bitcoins and use the rest to buy and sell online. (Some of my friends are making a killing by buying items cheap on "Wish" and selling the items
for a profit.)
You have thought and did the right thing when you sold the used bike and bought a bit of Bitcoin for the future is absolutely right, not a trading expert, keeping Bitcoin for long is a good idea for 2020. Expected, I agree with your approach.
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.
just get a good entry point and you are good
If you are ready to accept if prices will always fluctuate up and down it does not matter, because you must be prepared for all the risks that occur.
It could be that your assets will lose but can also profit, depending on market behavior. At least you need to wait another 2-5 years to get the appropriate benefits.
It could be that your assets will lose but can also profit, depending on market behavior. At least you need to wait another 2-5 years to get the appropriate benefits.
Lol. It's an old bike and obviously it doesn't have any sentimental value to you since it's been with you for just two years. I'd say it's not bad. It's unlikely that the value of your bike would increase over time. And you're not using it anymore. I think it's a good call. At least you can consider your btc am investment esecially if you're planning to hold that for a while. You're probably going to profit from that.
One way to think about this,
The value of your bike will almost for sure go down,
The value of Bitcoin might go up or go down,
If your goal is to increase the value of your assets, you should probably go for Bitcoin,
If the bike creates more value for you now (take you to work, etc), you should keep the bike
The value of your bike will almost for sure go down,
The value of Bitcoin might go up or go down,
If your goal is to increase the value of your assets, you should probably go for Bitcoin,
If the bike creates more value for you now (take you to work, etc), you should keep the bike
nice comparison bro . the bike's value can go down in price but the sentimental value of it will be priceless . if he think his bike is too precious then i would never recomend selling it for btc but he can instead sell other un valueable things if not then he can just work and earn money and use those money to buy btc , that would be the best thing to do . they said that selling stuffs is badluck , idk if its true but i experience to have a badluck because i also love to sell my stuff if im running out of cash .
Maybe in the year 2020 bitcoin will pump big after halving, so sometimes people bet on it, even sell its assets to buy bitcoins. All based on their respective establishments. I think you are not wrong, to change the fate sometimes we should dare to speculate. Although we do not know exactly where bitcoin is going, but learn from history that Bitcoin has reaches the highest price and it should be repeated.
I would acquire as much capital as possible. I would also tend to diversify with different currencies, it all depend on your risk and reward mentality.
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