Buying Hobby Bikes with Bitcoin

[Marykeller]

I'm convinced that each of us has a plan for what we want to do with the profits from our bitcoin investments. The amount we invest will determine how much money we will make from our Bitcoin investments as well as when the bull run will begin.

In regard to this, I want you to have a general estimate of how much profit your $750 investment in bitcoin will bring to you when the crypto market bulls start to roar in 2024 or 2025.

Let's say you currently have 0.0281 BTC, which is around $750 if we calculate it using the current price of bitcoin ($26,693k).

Let's figure out what your $750 will get you if, speculatively the ATH of bitcoin soars to $100k by 2025.
Your current Bitcoin hodling is about 0.0281 × 100,000= 2,810.

From the math done, your total investment in bitcoin from your $750 investment is $2,810k.
With this money achieved, I can confidently say that you can purchase your dream bike with the remaining cash in your pocket.

[Poker Player]

It is a liability and in investing view, it is not good to buy with your money. OP if buying a bike from profit with Bitcoin, still buying a liability but it is still good enough. Because OP will do it from investment profit, not from initial capital or all money OP has.

Enjoy your life with profit is not too bad but I agree with you that OP should not sell his bitcoin.

In another view, it is like. I receive $500 as my salary and I can use $100 or $50 to buy bitcoin. It is not like a crime so if you are happy when doing this, it is just fine for you because it serves your need and bring happiness to you.

No, it's not a crime but coming to a Bitcoin forum, the one founded by Satoshi to explain that shitty plan, hoping to be congratulated, as some have done, and in passing see if they give you any merit is not a thing I intend to praise because even Bitcoin is not relevant in this shitty plan.

He wants to buy a bike and he could do it by investing that money in the stock market, saving more or whatever, because using the Bitcoin just to double your money and buy the bike that tends to 0 value and stay at 0 Bitcoin after buying the bike is a fucking shitty plan and so I must say in the Bitcoin forum founded by Satoshi. I would think he would be embarrassed to see a post like the OP's.

[2Pizza410000BTC]

We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.

Everyone has a dream like you have a dream to buy a dream bike I have the same dream as you. But here you are definitely ahead of me because you have already invested $750 to fulfill your dream. In this regard, I am far behind you because I have not been able to invest any dollars so far to fulfill my dreams. In this case, I would like to make some calculations to tell you whether you can buy your dream bike after Bitcoin increases. Here's your $750 (0.02811 BTC at current Bitcoin price) Bitcoin investment if Bitcoin is $100,000 in 2024 your investment will be (0.02811 BTC×100,000 BTC)=$2811. But your dream will surely come true. I think you have made the right decision to fulfill all your needs.

[taufik123]

A positive goal will result in positive gains.
You have a goal of buying that motorcycle you've been dreaming of and start investing in Bitcoin hoping that the price will continue to rise after the Halving.

That's a good goal, but you need to prepare yourself mentally when the price of Bitcoin continues to fall and make sure you don't just buy once,
it's better to do DCA and of course, it will further increase the benefits you get when the new ATH is reached.

Not only can you buy a motorcycle, but there are many things you can buy with the Bitcoin you invest from now on.

[Mr. Magkaisa]

We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.

      -   If you don't increase that amount until the bull runs itself, let's just assume that x 5 your 750$ is around 3750$. But that amount can't give you the dreams you want to have in life. Except for the bike you've been wanting to buy for a long time.

But that amount will be enough for you to continue in the cryptocurrency business. Of course, you have experienced it first, and you already know the feeling that it is true that the business industry like this can be an instrument for our dreams in life. But if you add more, it's better, or while you wait for the halving, do the DCA methods.

[KiaKia]

If that's your dream since childhood, why not just buy a bicycle, why buy bitcoin? because if something happens to you but you haven't bought a bicycle, it will make your soul restless. LOL My question is how much does your dream bike cost?

The choice to buy bitcoins instead of buying a bicycle is a good decision and I think you have studied bitcoins before deciding to invest. The decision you choose will be very visible when Bitcoin hits its next ATH moment and you can choose to buy a bike after that. You are on the right track now and keep maintaining those good wishes until what you want to achieve is realized.

How is bicycle the same experience with a power bike? The difference is huge and also what makes you think he never got a bicycle at a very young age? Most guys who are into Bikes were once bicycle fans or are still.

Are you also saying you don't have something you wished for? So if you die now your soul will.become restless because you have something you wished for? This is nonsense, if this is true then all humans in this world will become a restless soul after they died.

Everybody has something they want, even if they can't get it they keep trying, who doesn't crave for financial freedom? Who doesn't want to retire at a good not too old age? There is always something human heart desires.

[synchronym]

We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.

When we all are young, we have many dreams, some dream that he will grow up to be a doctor, some dream that he will do a government job. Some may fulfill their dreams, some may not fulfill them, but their dreams succumb to the harsh reality. Also your dream was to buy a bike maybe no one in the family helped you to buy a bike but you didn't give up. You save money in addition to your job and with that money you invest in Bitcoin. I think you have done a very smart thing to invest in Bitcoin. You will be able to buy a bike when your profit will increase a lot through Bitcoin Invest like this. Hope you go further with this bitcoin in the future.

[Cryptomultiplier]

If that's your dream since childhood, why not just buy a bicycle, why buy bitcoin? because if something happens to you but you haven't bought a bicycle, it will make your soul restless. LOL My question is how much does your dream bike cost?

The choice to buy bitcoins instead of buying a bicycle is a good decision and I think you have studied bitcoins before deciding to invest. The decision you choose will be very visible when Bitcoin hits its next ATH moment and you can choose to buy a bike after that. You are on the right track now and keep maintaining those good wishes until what you want to achieve is realized.

How is bicycle the same experience with a power bike? The difference is huge and also what makes you think he never got a bicycle at a very young age? Most guys who are into Bikes were once bicycle fans or are still.

Are you also saying you don't have something you wished for? So if you die now your soul will.become restless because you have something you wished for? This is nonsense, if this is true then all humans in this world will become a restless soul after they died.

Everybody has something they want, even if they can't get it they keep trying, who doesn't crave for financial freedom? Who doesn't want to retire at a good not too old age? There is always something human heart desires.

Well, what's the point of financial freedom if one can't get to buy what his soul desires. We are only warned of delaying instant gratification inorder to achieve this desire, be it a house or car or bicycle or bike.

BTC has lent a hand to those who have been at the mercy of real world banks due to charges, bills, credit cards and transaction rates that may make one too stretched to even think of saving up money because it is to buy a dream bike.  Even when we save, we are scared of envious friends or companion or hackers or even the bank executives/workers/accountants who may want to swindle the money from the account we have with the banks.

Here's how crypto mostly BTC has helped to make sure that a dream can still be achieved without fear from regular banks, close friends or family or companions of hackers or scammers.

[Faisal2202]

We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.

I think you are just being skeptical about converting your savings into BTC, or you might be thinking if it is wise to use BTC for buying a bike (especially a dream bike) I would love to know what bike you are trying to buy. Well, I was saying, you made the right choice. Because think for a second, the amount you are saving is in Fiat.

And Fiat is devaluing day by day (ok I admit month by month) and by 2025 those savings you have might become half of the value it is now. So, it is better to keep your savings in a deflationary coin. I mean in a coin which is a hedge against inflation and the value of your savings will not decrease if converted into BTC but increase and will give you profits over time.

Well, in all possible scenarios, the minimum I can say BTC will touch --> $70k, and in that scenario you buying of $750 worth of BTC (at which rate you did not mention, please share a recipient of the TX or just share anything that proofs you really bought BTC) Lets say you have around 0.028 BTC which by multiplying with $70k would become 1960$ (let's round off to $2k). And on checking the price of Yamaha R15 on internet I can say you might be able to buy this bike and if you would wait more for BTC to reach $100,000 then you will get more profit on your trade and your $750 will become $2,800.

[Eternad]

Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.

It’s a motor bike. I thought this just some mountain bike while reading the title.

A motorbike is not an investment since it’s value decreased overtime due to its parts getting old and loose once use. You already loss half of your money the moment you purchased your motorbike and drive it home because you can’t sell it back to original price. Investment is by putting money in to something which you expect profit in the future.

In your case, your motorbike is a liabilities because aside from its value is decreasing, you will spend a lot of money just to maintain it in a good running condition regularly. Simply it’s just you dream motor bike but not an investment at all.

[xzy887]

You can never buy such an expensive bike with this amount of investment. The price of the bike that you have given is much higher than what you have quoted. However, as Bitcoin increases, the money you invest will increase. Even if your money increases by 4x, you will not be able to buy this bike with that amount of money. According to my knowledge the price of this bike will be 5000$.
If you add your earned money to your invested money, you can buy the bike by adding some more money.

[serjent05]

I believe @OP's dream of buying his hobby bike has a huge possibility to happen.  His investment of $750  needs to increase five times at least in order to buy the motorbike.  Assuming that his investment is around @ $27k  and the predicted ATH is around $160k, and @OP happens to sell somewhere around $150k  I believe he will be able to buy that bike.

Just have patience @OP, I believe you are able to buy that motorbike with your investment capital plus the profit in the next bull run.

[summonerrk]

~~~

I think you did the right thing, buy bitcoin is a great investment, and it's much better than the way of storing money when the money is just lying in cash or in the bank on deposit. But the main difficulty is to guess when bitcoin is at its minimum and that it starts to grow after you bought it. Now it looks like we are at the bottom, and I am sure that if there is a fall, it will be small after that bitcoin will show an increase in price, I am sure that you will come to your dream. The only thing to worry about is security, make sure that you have antiviruses on your computer, you use a reliable good bitcoin wallet and store the key phrase in safe places.

[TakeItEasy]

We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?

Surely you can also start trading with the money if you have invested, although you have a dream of buying a bike I prefer you to do the trading with this amount even if the bitcoin might get doubled. I don't think buying a bike having the only money is a good idea. If you need it then you can go for it. But if you think without a bike you can pass your time easily, then trading would be a better option for you.

And when you though and have some positive vibes about the bitcoin halving then you should wait for it for about a year, you will see your success in one year if you have a good fortune.
But 750$ is less amount as buying bitcoin, good for the long term you can earn through it. Sometimes, if a person has good skills and a good fortune he can go to the highest ranks.

[ZAINmalik75]

You can never buy such an expensive bike with this amount of investment. The price of the bike that you have given is much higher than what you have quoted. However, as Bitcoin increases, the money you invest will increase. Even if your money increases by 4x, you will not be able to buy this bike with that amount of money. According to my knowledge the price of this bike will be 5000$.
If you add your earned money to your invested money, you can buy the bike by adding some more money.

He can buy that bike, if his investment of $750*4=$3000 because on checking the price of this bike on the internet, which is around $2,000 if that is not out of date, then the OP can easily buy that motorbike with the profit of $4x. I don't know on what basis you are saying the Bike will cost $5k but I am saying on the basis of this website's price tag https://fasterwheeler.com/us/bikes/yamaha-r15-v3-2023-4088

I hope you have some sources to back up your statement. Your last statement is so obvious because he will only add the money in savings which he had already earned what so suggestable in that. And he/OP made the right choice of saving the funds in the form of BTC because BTC is a hedge against inflation and many members have already said that.

And I hope the OP would be aware of it too. In fiat, his savings will be gone or become half but in BTC the savings will give him profit. But my suggestion for OP is, to save some funds for emergency too, because it is the best practice.

[famososMuertos]

You are the example that something must be done with their BTC (Sat), and many do not have the slightest idea about reinvestment, asset purchases, etc.  They just want the price to reach the other ATH.

Consequently, when it reaches that ATH, the wait for the other ATH begins, but they never ask themselves how far I want to take my investment.

My opinion; you have to consider a secondary financing alternative for the equivalent of that asset you are buying, since it is possible that with another type of approach you will hold BTC (Sat) and be able to get the Motorcycle.

I emphasize it; you have a plan and a specific objective, which "many" they never get to have when they buy their first bitcoin (Sat ) and you have it. (so qualifying your action is nobody's business)

[Abu-Naim]

Surely you can also start trading with the money if you have invested, although you have a dream of buying a bike I prefer you to do the trading with this amount even if the bitcoin might get doubled. I don't think buying a bike having the only money is a good idea. If you need it then you can go for it. But if you think without a bike you can pass your time easily, then trading would be a better option for you.

And when you though and have some positive vibes about the bitcoin halving then you should wait for it for about a year, you will see your success in one year if you have a good fortune.

I think buying bitcoin to hold for a long time with the OP's $750 will be better and less riskier than trading the money since the OP clearly shows that he doesn't have any knowledge about bitcoin or crypto trading; if he intends to trade the money without trading experience and skills, he will lose the little he has saved and his dream will be shattered.

But 750$ is less amount as buying bitcoin, good for the long term you can earn through it. Sometimes, if a person has good skills and a good fortune he can go to the highest ranks.

In my opinion, no amount is too small for a bitcoin investment, and $750 is a lot of money in my country that can buy me a bike but is not the same as the one the OP displayed in the post. Therefore, investing that amount of money against halving is a good idea, and I am sure the OP will see the benefit of doing that.

[BIT-BENDER]

Well investment is certainly your choice and you can definitely use it as you like. But using myself as a subject here I would not invest in Bitcoin to buy a bicycle this are things you can get by just saving in Fiat. Crypto-currency is very volatile and unpredictable and you may not achieve your goal in time.

Although I don't believe in investing in crypto-currency like Bitcoin to just change it back to Fiat, the future of finance cannot be at your finger tips only for you to let it go.

[_BlackStar]

OP - I think you have chosen the right investment asset this time. Bitcoin allows you to get 3x to 5x profits in the next bull market and if you really want to get those profits, hold your bitcoin. Of course you can still accumulate and continue to grow your portfolio with bitcoin - but don't spend your entire budget and profits just to buy something that will lose value over time.

Over time I hope you can change your mindset about financial planning. You should think about something that can make you financially independent instead of just fulfilling your desires on one goal, so consider some suggestions as long as they are constructive for you.

[Crypto Library]

Snip

Although no one can predict the future market situation of cryptocurrency with a hundred percent guaranty. But if we analyze the situation after the past halving situation, then we have to say that there is going to be a bullrun or positive effect in the market in 2024 and then in 2025. And since your investment is for the long term, I think you have made a good investment.
Anyway, I would like to give you a suggestion that you have currently invested $750 in Bitcoin, no doubt it can be tripled or quadrupled in Bitcoin, but I will tell you that through a proper DCA management, you can invest a certain amount from your salary every month or every week.  By doing this, I hope your profit amount will be more increase in the future. And with that I would say that you should also know about these privacy protection issues.