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

[Jocuserious]

          

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.

[joniboini]

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.

[Malam90]

         

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 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.

[Baby Dragon]

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.

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.

[DabsPoorVersion]

         

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 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.

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.

[DreamStage]

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.

[Sanugarid]

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.

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.

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.

[iamaruf]

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.    

[larus]

1400 for bike was totally right decision

[TinaK]

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.

[Zeke_23]

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.  

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.

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.    

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.

[Kemarit]

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.

[Shasha80]

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.

[watergold]

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.

[Gyfts]

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.

[CryptoBry]

My decision is wrong or right? The upcoming year 2020 give me good profits ??

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.

[angrybirdy]

My decision is wrong or right? The upcoming year 2020 give me good profits ??

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.

[samuraijin]

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

[boyptc]

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.

[Xxmodded]

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.