Bitcoin Forum

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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.

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.

Nobody can exactly say what will happen in 2020 in advance. BTC price may rise or fall but holding BTC is only real in crypto world. But your decision to hold BTC by selling old bike isn't right fully. Partially it is right because old bike will depreciate everyday, hence investment may give you profit. This is not certain that you will get profits. Last year, i have found this type of topic where a person sold his house and bought BTC. He is now in huge losses. I think saving can be invested in crypto but not selling any assets like house, car, bike etc.

Sometimes it depends on how you handle your own investment and how you make your choices, just use your knowledge and patience to be successful because investing is risky specially when you have used all of your funds. You may experience losing some money but it usually happens and it will be your choice if you are willing to take that risk again to earn profit. It's not bad to take the opportunity to invest because everything will be worth it if you are wise at making decisions. Also, don't expect too much and don't make yourself believe in those price prediction because it can influence your decision making.

But what happen to what you share in some dude selling his house is not the same or won't happen to OP since he bought btc using only the money he got from selling his bike, or simply coming from his old stuff and it's not included all his assets unlike the guy you mentioned. For me it is a good choice aside from the amount, also because of the timing. If OP will buy btc a year before today, then he will probably have more losses than he earns, however, it is expected that the time where crypto will increase again might come next year, though there is no possibility for it to happen, still, it is possible.

Every days are good profits if you know how to trade properly and grab some greens between price fluctuations.

I also do not understand what that picture shows, was the value from your bike, or the current one?
Is it a profit achieved after you sold your bike? How much did it cost?

Based on that i can understand a bit more how much profit u gotten.

If you're good in handling your investment then there's no problem for you. Bitcoin is a risky currency to regulate because it is digital, while fiat is easy to control. But it still depends on you because you're the one that will manage your investment, not the other people.

But you can depend on their experience and strategies. Just additional information for you to apply it to your investment. You're lucky to have an opportunity to earn bitcoin and to manage it for your own sake. Just don't rely on the chart, use your critical thinking skills before you do some transactions.

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.    

1400 for bike was totally right decision

If you are not expertise in trading field you need to learn some YouTube materials and other available in online then you can proceed the trading field to make the money.
Then as a newbie I will not suggest anyone to start their trading field because I personally know the people who lost their money day trading heavily.

Agreed to this, actually if there is no use for us, it is better to make use of it. If I am on the same situation, I will do the same since I am gonna be able to increase my investment which is I think is right.

Yes or better to use hardware wallet, but then again, if OP don't want to spend any money, then using electrum would be the best choice to hold bitcoin.

It's really your call, we can't tell if you made the right or wrong decision here.

But with your rank, I'm pretty sure that you know what you're doing here and know that risk involved. Basically we have the block halving coming in 2020, but don't expect the price to rally to new all time high. It will take months and months and I do hope that you are really prepare to HODL your bitcoin for long term.

In my opinion the decision taken is very appropriate, selling old bikes and buying bitcoin that's a good idea. Because your old bike
is maintained the price of the next few years will decrease, it's different if we buy bitcoin the price can go up if it is maintained for
several years in the future.With the provision of must be patient if you want to profit in bitcoin. It's likely that the price of bitcoin
rise to a peak in 2020, because of this there is a halving event. This might be your luck because you have only been able to enjoy a
few months of profit bitcoin if true after halving the price of bitcoin goes up.

It was a good decision because you sold an unused bicycle and bought bitcoin for the future. I think this is a good way of working for you.
I think your decision to buy bitcoin is right when prices are low and it is not impossible that bitcoin in 2020 will increase so there are big benefits for you, it's just that you have to be patient in holding bitcoin because if you still feel panicked when looking at the market then I think it's hard to get profit for you.

This tends to be the basis of most people that enter the bitcoin world who aren't hugely informed on crypto's. They tend to sell something for Bitcoin, something they normally would have accepted straight cash for, and see their profit margin increase seamlessly. In your case, swapping it out your sold for cash bike for Bitcoin is adding another step in the process but for mainstream adoption, people doing P2P bitcoin transactions is the best usage for the crypto market.

Only time can eventually tell of your decision to sell that old bike and buying some Bitcoin can be wrong or right, can be profitable or not. Nonetheless, if you are planning to hold on to your Bitcoin for some months or even a year then I am advising that you stick to that plan and not change course along the way. First, you have to determine at what level of price you would be letting your Bitcoin go. Unlike the regular Bitcoin traders, holders really have to extend more patience and the best way to do it is just forget that you have some Bitcoin in the first place. Bitcoin holding is more like farming especially long-term crops. Patience and time are things we have to understand well. Anyway, good luck to all of us.

Yes this question can only determine once his expectation will come to happen. For now, the only thing that OP can do is to trust his decision, he already executed his decision so be it. Continue to his goal, if he is planning to hold it, you are right that he must stick to it. Patience will be tested, after those long waits, it will be a win or lose in the end.

As long as you don't sell your kidneys, I think it's only natural to buy bitcoin and hold it in your wallet, all decisions go back to yourself, so trust will bring you profit or loss, so relax if people make fun of you for buying bitcoin, I do the same thing with you also selling some unused items to buy bitcoin, so I think it's a normal decision in my opinion instead of having to look at a lot of piles of unused items in a warehouse house, so hold your BTC what will happen 1 or 2 next year come back to this thread and share your feelings about holding Bitcoin

Many aren't expert in trading here and chose to hold until they see the price goes up. Basically what you did is correct IMO as long as you don't need that bike anymore and it's just consuming space on your house then it's good for selling.

But if you were forced to do that and your precious bike was the sacrifice, it would be your conscience. About giving you good profits, we don't know but the majority here is waiting for that bull run on 2020-2021.

I can guarantee you will get much profit if keep investing with bitcoin because not one can't prediction with bitcoin price at the future, but I keep invest with bitcoin because have chance to get much profit with bitcoin than investing with other way, you can sell your old bike and use for investing with bitcoin or altcoin and get much profit with your investing, I think always have chance to get profit with your investment.

Selling your bike and buying bitcoin can't really guarantee you to earn some profit on a short time span but there are chances to earn some profit in a couple of years, of course, I am predicting that you ain't limiting your life by selling your bike just to buy bitcoin. If your bike is a necessity to your life I think its a half bad decision because you need it for your daily life. It's hard to throw away some necessity to just invest on unsure things even though there's a high chance of getting profit on a later date.

Actually, no one will give an exact answer here but we are on the same feeling that Bitcoin will go up next year. As long as you can patiently wait, it will possibly worth it and get profit by the next year 2020. Especially the next block having (https://www.binance.vision/halving) on bitcoin will come (it's 153 days left and we're almost there) and this is the most awaited event that might bring bitcoin pump the price. If you are going to ask me, yes, your decision was right if you didn't worried about your bike being sold since you are willing to wait when your profit will come.

To be honest with you, this is the right time to accumulate bitcoin while the price of the market is quite cheap. Something you are risking your bike to make a profit and I think that is worth it when the right time will come. I pretty assured that holding the long term will mostly be the most profited.

You just need to make sure to prepare to hold BTC longer if it does not meet expectations by 2020, and I think the price will not be worse than the current price. My colleague has even sold his shop just to make sure to buy bitcoin if btc touches $ 5,000, he currently only plays futures and monitors price developments, your decision is correct even though there is no valid guarantee, I think the big holders even speculate more than that.

Well,  I remember that a few years ago I read news from Netherlands.
One family sold their house and invested all money in bitcoin.
They decided to live in the car until btc value increase enough so that they can sell with big profit.
So,  compared with this example,  it's no so big deal to sell old bike and invest in btc.
If you make profit you will be happy and if not you lost only old bike,  not whole house 😁
Personally,  if you don't need bike than I think you made good decision.
This investment have potential to change your life.

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

I think you did the right thing to sold your bike and buy bitcoin. The next thing is you can hold your bitcoin or trade the bitcoin to make a profit in bitcoin or fiat. But if you cannot trade with good, you can hold your bitcoin in the wallet until the price is up. But there is no guarantee to know when the price will increase. If you are not panic and you can stay calm when the price down, you don't have to worry about the volatility of the price.

I think that you made a right decision, turning your unused bike into Bitcoin is better than left it at your corner. Ofcourse nobody know how will Bitcoin go, but you might get a car back after 1 or 2 years :D

You already made a decision mate and you have to be responsible on that. No matter what the result is, you have to stand proud for all your decision. Honestly, if you buy bitcoin at a more cheaper price then nothing to worry about, you don’t need to become pro in trading you can just hold and wait for the bull and see your money grow. Your buy is too expensive for me, well at least you still have the chance to earn with bitcoin and buy more bikes in the future.

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.

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.

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  .

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.

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.

good decision your old bike would have only depreciated your money value ,long term investment in bitcoin gives you good profit you can buy a new superbike

just get a good entry point and you are good  

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.

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.)  

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.

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 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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

If you don't need that bike anymore, your decision is right.
There is a time that we need to sacrifice something for the right thing. And what you did is actually the best thing you can do. Keeping your bike for a long time without a used is seems to be helpless but rather sell it for Bitcoin is a more practical thing but with benefits.

Actually looking at things display in my cabinet now and realizing they will not have value soon makes me wanna sell them too. If we don't use or need them now then better sell and make it as investment that we know and hope will increase in time. Better have investments than putting in a garage to get rust with no value. But if OP uses it as primary means of his transportation or for exercises then it might not a good decision. All depends on it's usefulness in our living.

since this is your old bikes meaning you can afford of losing right?if thats the point then you have made a best decision of your life.
you have sold the bike before becoming rusted and lower the value soon,while in Bitcoin the chance of gaining the longer it gets.

I think that was in 2017 or 2018 at the latest, when bitcoin was on a tear.  You're probably right about his losses, though, and I don't think he ever followed up on what he did with his bitcoin.  I can't remember if the guy actually sold his house or whether he was just thinking about it, but I do remember the thread.

As for selling this bike of OP's:  Is this a motor bike or bicycle?  If it's a bicycle that you never ride (like a lot of people who want to get in shape that way but can't find the motivation), I'd say go ahead and sell it.  If it's a motor bike, I'd probably hold onto it unless there's a real reason you want to sell it--and none of those things have to do with what bitcoin might do; they're just my feelings about selling things in general.  But if you really don't need either one, it might be more fun if you had a bunch of bitcoin instead of an item that you're not using, right?

I hear you.  One of the first things I did when I joined this forum was to try to sell a few old Nintendo games for bitcoin.  They didn't sell, but I figured since they were just taking up space and gathering dust, I'd rather rid myself of them and have bitcoin instead.  People don't tend to want to part with their bitcoin for old games, that's one thing I learned early on here.

Chill my friend and wait for the right time, you will realize that your decision was not wrong. Although any investment can't give you guaranteed profit but investment made in high probability trades give you bright chances of being profitable, Bitcoin is one of the high probability investment. The same time keep yourself prepared if any loss occurs. Bitcoin has already experienced a bear trend in 2018-2019 now its trading in range for quite sometime, hope for a good bull run now.

I do not want to say that the decision you made is wrong and also I will not say it is the right thing to do. You have made a decision where you have considered all types of risks that you will experience after buying some bitcoin.

Hoping that something good after you make a decision is natural, but you have invested it in one thing that many people might think differently from you. But rest assured, someone will get a better experience if they dare to take big risks in their investment. I think you will get the results if you manage to hold it for a long time.

OP seems already sold his bike, so all he can do now is simply hold or try to learn trading to make it grow especially at time the market dump. It's good to sell our own things we don't need or use that borrow and be in debt  just to buy BTC. I think it's a good decision to push through next time is to sgufy trading to more chances of earning.

it's really hard to make a forward-looking prediction about bitcoin. but I am one of those who thinks it will rise. With halving I think you will enter the upward trend again.

We all are hoping to make our dream come true with bitcoin. In the beginning of my crypto life I had sold my old computer and stuff to buy more bitcoin, by doing long term holding I am in profit right now but we are hoping big and 2020 may be the year for us.

It's you who can answer your own question. Sooner you'll know whether it is a good decision or not but I can say that since the bike was already old, and if doesn't have that much sentimental value, it's a good decision. You sold your old bike to buy bitcoin. Just wait some time and maybe sooner or later you can buy a new bike.

Correct, it's up to him what's his priority in his life, if he thinks that crypto is worth it compare to his bike then so be it, he should be ready with the consequence, besides, it's just a bike and he can still buy more of it in the future, but the opportunity to buy Bitcoin now while its too low will be a life changing if he will hold and accumulate more of it. 

Funny first thread. Now they dont know if it will go up in 2020 but they were quiet in the 2018 bear market and took good profit when it made 4x in 2019. They only want to have the share of the cake this around again, am not saying 2020 will give a good run but we expect the market to stabilize and get the bull prepared. Do what you got to do, those with inside information wont reveal except you are with the  good ones but load your bag at this price

It's a great idea to sell your old stuff and buy Bitcoin. What are the chances of your old stuff growing in value? Maybe if you have some vintage gadgets and furniture, or some nice collectibles, but normal things that are meant to be used will always lose value. You can't expect to buy a car and get 10% more for it in a few years unless it's a vintage camaro from the 70s or something even older. Sell all your old electronics, books, toys and get Bitcoin. You'll see in a few years that it was a great idea.

You must not have bought all BTC at one price rather buy at different prices as market is taking dip these days. As members have already said that no one can predict how the crypto market will look in 2020. But if you are going to HODL, there are bright chances that you will be in profit. Since you have bought BTC, there is no point now to ask whether it's good/bad decision, just go with your decision and have faith.

We cannot conclude anything yet on what may happen on 2020 but on my point of view, I think bitcoin will be able to regain its high value once again. As you have sold your bicycle, you were able to enter bitcoin investment and for me that is a fortunate time since bitcoin's value is currently low at the moment. You really need lots of patience right now as you wait till bitcoin's value rises up so make sure you are always analyzing the market value of it to know if it's best to hold or sell.

I know Bitcoin will do great in future, but never sell your bike for any coins. spend as much which you can afford to lose. However, i think personally, the amount of risk you are taking is low. Bitcoin is the best way to store the value compared to other cryptocurrencies, but I'm not saying you're going to make money, and i'm sure if we see a price surge in one year you'll be looking back at comments like these thinking "They didn't know I was a genius". I seriously hope that it will work for you and when you come back you will either be a millionaire or severely bikeless. either way you will have something to tell us and your kids.

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.

I have a feeling that you will not probably regret on what you have decided now. But it also not gives any guarantee that you might have an ROI of what you have invested. If you can wait patiently probably you can gain profit but it needs to wait for an unspecific date or unclear time frame when you can probably get your profit. If you dont need your bike now that is okay, bitcoin is a long term investment and I guess it is worth it.

Congratulation for selling your bike to buy bitcoin that is if the bike is not a necessity. If the bike has been taking money from your pocket, then it's time to stalk on bitcoin. You definitely know best.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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!

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.
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.
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.

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.

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.

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.

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.

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.

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.

That's actually a wise move, I mean if you just seldomly use your stuff and you knew it has some decent value then why not sell it.

Many had anticipating the upcoming halving and so the upward movement of bitcoin so why not? As long as you hold especially long term, you could make profit. And by far, you risk in a good way.

I hope I also have a bike that have that decent amount.  ;D

Selling the bike to invest it in Bitcoin, sounds a good decision. It also depends on the bike's condition, whether you're still using it in a daily basis, or It was left unused for quite a long time (since it was an "old" bike right?)
Preserving the bike (for sure It's a classic bike) will somehow make you spend money to maintain its good engine conditionings. While, If you invest it on Bitcoin, you will have a chance to buy a luxury car after making a pretty good return.
So, basically, you have just done the right thing.

maybe it takes a strong mentality to do that because to sacrifice an object that is owned to aim at investment in cypto I think is very brave. because in my opinion there is still a way to make a profit by working inside crypto. so if it were me, then I would think again and maybe wouldn't do it

classic or new bike I think the value will not be too high, but if invested in bitcoin, we have the opportunity to get more money. especially now is the right time and it's not too late for investing in bitcoin especially 2020-2021 there is something big that will make the price of bitcoin rise higher. so don't miss this opportunity.

Can you afford to lose the old bike? If yes, then I think you made a fair decision. if no, then I think you made a wrong decision. People are adviced not to take such risk when investing.
I assume you already owned a new bike and can afford to risk the old one? yes? You made a good decision then

It depends on what you value more and what you want to achieve in the future. No one can predict the exact value of Bitcoin or even its future in 2020 so no one can tell if you have made the right or wrong decision. We are advised to invest what we can afford to lose so the decision would also rely on you.

No one can  predict the future. So the decision is up to each person. But if you have chosen to sell bike and invest in BTC, I think you will never lose in the future. In the long run, the price of BTC will surely increase

Basically, just do what you think is right. Buying bitcoin is always a great thing to do especially if you're planning on holding it long time.

We can't prediction about bitcoin price at the future and better trust some one said with bitcoin price at the future because I have seen many wrong prediction before where talk bitcoin have higher price about $16K on last November. I keep trust with my self by looking situation with bitcoin and altcoin price still down and take opportunity to buy and sell bitcoin when have chance.

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.

He, sacrifice something for a long term benefit that we all believe. I think he did a good choice for selling his bike for buying bitcoin , bitcoin now is very low and in such time it will go up again. I hope that he will hodl that amount for long term investment so that he will buy bike again.

investing in bitcoin right now is the right time, that's what I think. the potential of bitcoin to have a high price in the future is also very large and if you want to take a big risk, then I think you have made the right decision, it's just that you need to know the risk of that.
In fact, some people before you ever sold their homes, cars, and even their boyfriend's cars to invest in bitcoin. if you target prices after halving, then you have the same thoughts as me. I don't really know whether the price of bitcoin in 2020 will bring us to profit or not, but we all hope that it will, and its potential is the same as in 2017.

An old bike? seriously? put some more effort dude!

a kidney could worth up to 1 million dollar, pull off that kidney from your body and convert it to bitcoins, that is what i called as a real effort haha you can get up to 130 bitcoin with a single kidney sold to the needy.
on a serious note , taking risk by selling stuff -a non necessary- stuff that is better choice rather than letting your stuff stay there losing value , you can switch it of to a productive , progressive one like bitcoin investment.

there is no harm to do it, as long as not something you are using it urgently in your daily life like a house.
it could be a high risk , you can not afford to lose it and i think that is a bad choice.

Where can it be, so I can do it right away. LOL. In our country, a kidney will only worth $5-10k USD if converted to USD.   :-\ :-\

It's true, it would be better to have an investment where you can see it grow than an asset that is decreasing its value over time. Though a bike is an asset where you can use anytime as a mean of transportation.

No one can assure you if you have made the right decision or not. You have a good amount of bitcoin and let's hope that you will have the patience to hold it for a long time. Take note that the market is highly volatile and do not be discouraged if the price drops. Just be patient and let that sold bike be worth it.

the biggest decision that must be held is him, but in my opinion it is better not to do it because there are still ways to get crypto for free, unless he has great ability so he may do that because he has the ability. but if he is a beginner it is better to find a free one first in order to have experience first

If you aren't using the bike then it was a good decision since it would just be useless for you,
But if you are using it daily to travel much more easier then it was a wrong one since you would have to pay now in order to get to some place.
But wish you all the best and good luck.

Well, if the bike is old and you don't need it then it's good idea to sell it and invest that money further. But I suppose yuo will get very little but if you are investor-beginner then it's even better to start with smaller sum and low risk. And you will invest money that you don't actually need and don't count on it.
I guess there is not much to lose so go for it, try and see how you"ll get. Howe, get well informed before you buy Bitcoin to know exactly what are you doing.

HODL and wait. In any case, you will receive a profit in 2020. The question is different, how much more you will earn and how you will proceed. After all, having received from your sum, for example, 100% of the profit, you need to think about what to do next. Do it right now

Your decision is far better than those who sell houses to buy bitcoin, because your risk is very small and if what you are planning is not what you want, you can buy it again because the price of the motor is not too expensive and you will be able to buy it again from other income.
but in my opinion there is a possibility that bitcoin will increase in 2020 and even if it's not too high at least you get a little profit and if on the contrary you can hold it and wait until the price of bitcoin goes up as you wish.

Following my experience, you have made a good decision for the future purpose, though Bike is an important vehicle for us when it's not using in your daily life then investment in another potential platform like Bitcoin is a good decision, I hope you will avail a car when the Bitcoin price will rise, not only that but also you can trade at a short term basis if you can, I think trading is the best way to make money within a short time, but Bitcoin holding is the safest way to gain money, but day by day Bitcoin price is making me confused what's is going and which thing could happen in the coming days, I am hopeful that Bitcoin will bring the good time very soon.

I would say you did the right thing because holding your bike even longer won't appreciate in value but selling it and buying btc to hold long term will definitely appreciate in value long term, i hope you understand how the market works, price can go up or down, you should always keep this mind and not panic  sell. Good luck.

Why not? This is much better than you spent the money on some kind of meaningless thing or pastime. Bitcoin is a very promising asset and thanks to this you can get more

You cannot laugh at investments like these, in the past we saw some investors selling their house and going full on bitcoin a few years back and everyone laughed at them and he made a fortune by the way he took risk and invested in bitcoin when the price was really low, right now the price is not that low to sell my car or a house and go full in and i am not interested to take that kind of risk but if people are willing so be it and we might see these investments as high risk now but who knows what the price would be ten years later.

Bike also one of the investment for some peoples, so they don't want bike in regular days surely we can sell and buy some Bitcoin. But current situation we should hold for few more months because sudden drop was loose the further hope so we must wait and see the next bull on 2020.
In my suggestion is buy low and sell high is the perfect way for trading platform.

It seems to me that during a bear market everyone can and should buy Bitcoin. I think the sale of an old bike will pay off over time

I think it is a good idea and wise investment, but you forgetting the point that bitcoin is after all a currency. So are you supporting the currency or just a fiat slave trying to squeeze out as much fiat from bitcoin as possible?

It is your decision, if it gives profit or loss you're gonna experience it. This way we can just express our views on your decision. First of all good to see making the decision to sell and buy bitcoin yourself without getting any advice. As the market is very low it is time to accumulate than spending. Also, there is big expectation on the growth for the year 2020 based on different events associated with cryptocurrency network.

Hope you'll experience a bigger and better profit out of buying bitcoin as you're with plans of holding with patience for long term.

Bitcoin is a logical investment. However, the price may fall very low. You should prepare yourself for the psychology that's gonna lift this. It's also about how much you want to earn. When the Bitcoin price starts to go up, you need to make a sale.

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.

I love cycling too. And I did the opposite of what you did. I had my old bike repaired with the capital I could buy bitcoin. Now you can not ride the bike has cooled. I can't buy bear Bitcoin market: D I'm waiting for the bull. as everyone expects.

If you value your old bike and you use the funds from selling it to your Bitcoin investment taking the risk might help you to survive the unpredictable market. Your money your direction to take. Don't lean to any opinions or speculations make sure to deal with your understanding to keep moving forward to this ventures that you take.

yups and it is an advantage because he use the money to buy Bitcoin in which will bring him huge profit in future not like the old bike will become rusty and broken in future.
do you  really here for crypto or just for Bounty?look how you response in thread like this?thatw as an old bike that i supposed wasnt use now so instead of letting it lose totally he has made a right decision of selling in invest for crypto and here you are discouraging his action?you know what?thats why we dont need people like you here because you only brings bad effect in crypto community.

That might be good decission or could be change became an bad decission but how long do you plan to hold your bitcoin because for short term seems that isn't good idea and the price still not good to sold bitcoin but for long term which more than a year i think you had just made good decission however your old bike seems pretty expensive for me and if i have a bike i wouldn't thinking twice to sold if someone offering $1400 to me

Actually what is going in your fate only GOD knows. 2020 may be golden time for BTC or may be not. Market is very flactuating still now though there is no bad news anywhere. So how i can say to you that your investment is good? But hope you will be lucky person in year 2020. best of luck.

I think it's okay to sell our valuables to invest in bitcoin. the important thing before investing bitcoin we have done research and observe the movement of the bitcoin market seriously. and if you believe bitcoin will pump up, the decision to sell bicycles for bitcoin is the right decision. the mistake that often happens is that people are only interested in the rise of bitcoin without their research and observations selling their valuables to bitcoin but it turns out that bitcoin dumps and makes them lose a lot.

Of course it has a very low value if you sell it in africa , they better to have a piece of cake rather than buying kidney  :D

just walk around hospital in europe and ask them that you are going to sell some organs in cheap price , they will give you a warm welcome and maybe a bottle of wine talking the proccess in the glamour candle light dinner as if it was your last day in earth haha
seriously if you are crazy enough to sell organs do it convert to bitcoin wait for the price to go up and buy back the organ you have sold .

of course this is not an advice at all , ridiculous to sell an important thing in your life for the sake of money, health come first.

DON'T do SELLING your ORGANS ok? :D

NO idont.
i appreciate what he has done by taking that risk. this is always about risk. go allin or die wondering .

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.

the most important thing is he believes in his ability if he does it because of making sacrifices for something that might have a high enough risk. the most important thing is he can also understand the concept when investing or trading, the goal is to make his decisions more responsible

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.

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

Selling your belongings that you are currently not using for buying bitcoin or investing is a great idea as your bike will loose more value in future where as on the other hand investing in stocks or bitcoin is going to give you profit and the same has been done by many people and the fruit of their investment was getting a financially successful life.
I've heard stories about people selling their house to buy bitcoin and their investment paying them off by making them a multi millionaire.

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 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.

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!

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.

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.

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?
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)

We don't know it's a right or wrong decision because you can big profit or not after long term that's very difficult to prediction for according to the market condition. I think you have good possibility to biggest profit if you will go keep hold to long time investment.

but in my opinion it is quite brave because he is risking an item. but if he really believes in the capabilities he has, then just do it. most importantly he is confident in what he is doing, and don't be disappointed when he fails. maybe this is my opinion that can be used as input

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.

You're right, that is something to be appreciated. even if it's an old bicycle, it might still have valuable memories or something like that. if it's very important to me, I won't sell it. but, he sold his bicycle and invested in bitcoin. those are things that need to be appreciated.
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.

I think that is the best decision. It seems you have acknowledge the existence of Bitcoin. If it is me I would also sell it to purchase Bitcoin. Bitcoin is very promising coins that is enough of getting a high return. HODL might be good option because the amount of a bike is not enough to use it in trade especially on investment because it requires a high amount of funds. However, I not sure if the bull market will come this year 2020 so just hold it until the right time comes.

almost the same on what i did last January when i sold my Old laptop to buy Bitcoin since there is no need for that old one and bitcoin is falling to $3k level that time and what happened?successful because Bitcoin grows to more than $13k several months after and i have sold before falling again and just last month i bought again when the price drops to $8k so now i am ready for the halving next year.

so OP your decision is right because what you did is investing and not for other nonsense expenses.

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.

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.

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.

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.

I think buying some bitcoin is a good idea not matter the situation is, It's really good to buy now at this current rate because in my opinion this price will be the lowest from now on. I personally bought some bitcoin the past few days and I keep investing and holding my btc since 2 years, I really made a huge profit by just holding, I even made more by trading.

The market is too volatile and even an expert can't say was your decision right or not. On the other hand, you contributed to crypto community and become one of us, risky guys who hold btc :) Hopefully we all get our profit from this someday.

I can't say if you were right but I'm sure I'd do that way! I beileve in btc's sunrise and in income from it.

Good your work really beautiful movement i keep Bitcoin with long time planing, we know bitcoin on of the best currency so price will jump at any time. Basically i am a bitcoin lover with my first crypto life so i can expect profit.

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If you have a strong belief in investing in this field, then what you have done is certainly the right decision because you believe in the growth of bitcoin in the future. many people are willing to sell their valuables to buy bitcoin and can be used as a long-term investment.

All things are balanced here you have used your bike two years and then sold it and bought Bitcoin at that time which can be a decent time to buy Bitcoin so in my opinion you picked right step hopefully your investment will give you good result in 2020.

I don't think it was a bad decision or a good decision ether I think it depend on the market I think the market price you invested was not a bad price in the market since you invested in 7k$ in the market I think it was already a good decision since the bitcoin price chart was in the 12k$ in the past month so I think in 2020 the bitcoin market price could quickly recover and surely it could give you profit.

This is very impressed article you have to share me, firstly thanks. basically i am not available successful man in the cryptocurrency market so now i can do something. This is real think i am a little investor but i don't get enough profits and now already i take hold bitcoin with long time so i hope this will more chance to get profits.

Basically you decision to me look as the best decision one can take to move forward in life. Haven the old bike till now has not brought you a good profits but sold for Bitcoin to be keep for a long term matters. Looking at the market generally, you can easily double up your investment before the 2quarter of 2020, so, cheer up pals and wait for the bullish thread.

I'd rather consider two case scenario which could be a win-win situation, first is because you have sold your bike, you should think if that bike is an asset for you, for example, you are using that bike to save your transportation fee or maybe using that bike for business purposes. If that is the case, it is not worth it to sell it even to buy bitcoin in exchange. But if that bike is unnecessary for you, try to think that bitcoin is an investment platform where risk is always there. In that regard, you are willing to take the risk and will not regret your decision upon selling your bike so it is a good decision in that part.

Like will see upcoming year 2020 everyone have in excited movement because their tried for the bad market situation almost long time over. Especially everyone holders want do something profits chance so i hope the upcoming years will never forget our Goals.

No one knows whether 2020 will be a favorable year for the market or will be a difficult year like 2018 and 2019. But if you've sold your car and invested in BTC then I think it's a pretty reasonable decision. Your car will lose value in the next few years, but BTC will not. In the next few years, the price of BTC may be many times better than it is now and you will have a lot of profit if you invest now. Alternatively, you can choose altcoin and hold, if you're lucky you can buy a car in the next few years

Sell everything what do you have and cry later when bitcoin or assets do you buy have lower price, why take big risk for selling your old bike or some one want to sell their house to invest with bitcoin, never heard when many investor said you can get much profit with bitcoin during one month and you want sell your house.

He just sold his Bike, which I think is fine as it can depreciate in value over time or worst will just get rotten in your house, so better to invest it rather than selling your house or any good properties, at least you can still have another bike once you work hard, but once the Bitcoin's value get's high, then it will be a big opportunity that we will missed again.

it is also a good idea because it sells goods whose prices continue to decline and are also unused to be diverted to other places. as long as he can handle the funds and also has the right decision so he may do that, the most important thing is not to make mistakes if he has made a sale.

I think it was a good idea since the bitcoin market price was in the low side playing in 7000$ in the market I think it is a slightly good opportunity to invest in bitcoin or buy bitcoin so that when the market recover next year it will be a good amount of profit. Also investing in cryptocurrency or bitcoin was already a big risk for a lot of people since it was digital cash or a digital transaction. I think it was safer to just invest your money in a passive income since it was a good start for a small business or even a small apartment that could give you more of sure cash than investing in cryptocurrency.
It could also be a bad idea we don't really know if bitcoin market price could increase its market price in just a small amount of time, we know that the market place has a lot of delays and it could increase could not increase its price next year but in 2022 which is not worth it if you are going to consider the time you put it in investment.

good with beginning, sell your bike for buy bitcoin is bravery and the righ choice. stay hold your bitcoin untill next year and i am believe that you get more profit from that. when someday bitcoin going dropped don't be dissappointed and don't to be panic then sell it, bitcoin has fluctuation price so when bitcoin price dropped stay hold untill increase price and you get profit

I think it was a good decision because the market price was down and it is a good opportunity to invest. But nobody can tell since the market price of bitcoin was so volatile the market price could easily go down in just a small time so we don't really know if the market price of bitcoin will pump or dump so I think it is just a matter of luck in investing but still it is not a bad decision ether.

Is there a right time to get bitcoin? I don't think it's the right time. It makes more sense in my opinion to make continuous purchases in small quantity. Because lowering the average price means a better investment.

The upcoming 2020 will give positive emotions, and even more so from trading on the Yobit exchange. I expect a bullish trend after the holidays and on New Year's holidays.

You will be fine definitely you don't have to be worried because bitcoin is the best coin you can invest the money on and now that 2020 is few days away be expecting good profit before the year runs out

If you go long term you made the right choice. If you were expecting a quick return, you might get disappointed and even get desperate and then incur in loses by selling before you recover (which is the problem many have, lack of discipline).

In the future, that money will probably allow you to buy an electric bike, they have started to pour out along electric vehicles. I don't know if Tesla will ever get into that, but some Asian manufacturers already have, and one Italian if i recall correctly...

So you did prepare for the future. I hope you are familiar with the process of creating and using cold wallets, as for long term savings, a piece of paper with handwritten words are your best way to protect that investment.

I think that we should not wait for the market to grow in winter, but in 2020 the market should begin to grow strongly, approximately in spring and summer.

It's all right, you have the perspective and the mind of a businessman, but time will show your patience.
You have to be one step ahead if you are planning to make a profit.
I think at the right time you made that change from bicycle to bitcoin, but it is up to you how much profit you will take.
All in all, you don't even need to be an expert to be a great trader, just the mind of a businessman.

On the one hand, according to many forecasts, it can be concluded that Bitcoin no longer intends to fall in price, and that next year may become really significant and we will see another bullish run on the cryptocurrency market.  Of course, it is a very good idea to take old things and sell them so that the proceeds are invested in bitcoin.  This decision is right, because the risks of cryptocurrency investments do not burden your home budget, and on the other hand, investing in Bitcoin in the future can make you a truly rich person.

Well, the value of your bike would most probably depreciate over time unless it's some vintage item, but if it's just a second-hand bike without much value, then it's best that you sold it for an asset that most probably over the next few years will yield you some ample profit. At the end of the day, you need to be confident in the investment decisions you make, even if they turn out to be the wrong ones. Try always to follow your intuition as it most likely is the right choice for you at the time. I would never just go by what others are doing, I will always make up my own mind. If you feel happy to have sold your old bike for Bitcoin, then that is the right decision you have made for yourself. I wish you good luck and hope that your Bitcoin bag will grow over time and bring you good fortune.

That has become your personal choice so it's useless when someone advises you for a day trading or whatever because you have chosen the best way for yourself and that decision I am sure will be fine anyway, because in reality it is an old bike you sell because there are still crazier than that, like selling his lover's car, selling a house, etc. So as long as you are confident of the decision to hold long-term then just keep going and have to stay consistent.

How about posting your Bike in the marketplace here and ask for Bitcoin as payment directly, that way you don't need to convert your fiat that will be paid to you for your Bike. Another thought is if you have a buyer already for your used Bike, go ahead and sell it as long as someone is still interested to take that off your hands at a decent price sell it. Don't wait for the time when it will be hard for you to sell your bike because its old and outdated.

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.

Don't regret what you did is the best advice ever. I think you are doing right if you are making a decision on your own

bike is already old according the OP, so i don't there is anything to regret rather he should be proud of making such important choice, if am also face with such choice, i think will also do what the op has done, imagine in 2 years to come what that invest will amount to.

Thing is not such serious, it like a fortune for your future, if you lost it, you lost an old bike, otherwise you might get a car back :D

First and foremost, it is a good idea to buy bitcoin at its current market price but the only problem will be that you might not really understand how bitcoin investment works. First, you should understand that investing in bitcoin is not a get rich quick investment avenue. Its just like a normal investment but with bitcoin, the risk of its price decreasing and you losing your money is very high. Once you understand this, you can join the bitcoin investment train.

I believe that Bitcoin will rise in 2020 and many experts say the same. This could be a good idea, but you cannot be completely sure about that. Check out for example what Coindeal's COO Alex and Jason King say about current situation on the market:https://www.youtube.com/watch?v=RFUsZq3xdBI (https://www.youtube.com/watch?v=RFUsZq3xdBI)

It is really a good decision because investing on motor parts or computer parts are not a wise idea to keep your fund but investors in cryptocurrency field knows that and invest some fund in BTC and some in stable coins.
Believe in BTC and hodl it for long term to enjoy the profit.

trust me, you make the best decision.. someday surely Bitcoin will be very expensive even exceeding $ 20k, but we don't know when (it could happen in 2020, 2021 or 2030).  HODL is the right choice when you are not a reliable trader.

its good, if you are not really need your bike. if your bike just full your room, or whatever it is. selling some unnedeed stuff than buy something which people think important and can make them take a profit is good. just be more patient, bitcoin have bad day and we dont know when is the good day come

Holding will surely get you good profit, but for the same we need the patience as well the financial stability to keep hold of the bitcoin. In most of the cases, people with more hope keep on holding but their financial need make them to cash it out. This way even with the process of holding the benefiting people were the rich ones. Very few common men get to be lucky to profit investing on low price altcoins and holding for years.

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 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.

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

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.

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.

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.  ;)

Of course you did well. Put those bitcoins away and forget: in a few years you will buy the car with them.

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.

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 think BTC is much better investment, than old bike  ;)

Bitcoin has 50/50 chances to grow, but old bike price will only decrease over time.

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.

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.

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.

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.

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.

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.

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.

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.

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.