Sale my old bike and buy bitcoin, what do you think?

[abel1337]

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.

[sheenshane]

snip-          
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 ??

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 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.

[youdacapt]

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

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

You 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.

[Daniel91]

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.

[RooseveltOah]

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

[michellee]

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.

[tungaqhd]

         

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

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

I think 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

[samcrypto]

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.

[tycoonsensei48]

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.

[sayaya17]

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.

[imstillthebest]

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

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  .

[gabmen]

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.

[bitvalak]

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.

[quarkfx]

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.

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  

[znation]

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.

[Kprawn]

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.)  

[LbtalkL]

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.

[k@suy]

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.

[boltz]

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.

[CarnagexD]

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?