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

[blckhawk]

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.

[bakasabo]

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.

[White Christmas]

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.

[Palider]

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.

[DaveWave]

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.

[Fundamentals Of]

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.

[topbitcoin]

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.

[plvbob0070]

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.

[Kambal2000]

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

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

[Distinctin]

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.

[Beparanf]

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.

[peter0425]

         

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.

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.

[The Sceptical Chymist]

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 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?

Actually looking at things display in my cabinet now and realizing they will not have value soon makes me wanna sell them too.

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.

[pundit]

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.

[BITCOIN4X]

~snip

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.

[Eternad]

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.

[paulk11087]

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.

[johnwest]

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.

[airdnasxela]

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.

[makolz26]

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.