MOTORBIKES ARE A GREAT EXAMPLE OF AN OFTEN IGNORED FINANCIAL TOPIC
By loosening up our rigid concepts of what is financial (not just stuff like banks, cash, cryptocurrencies, and economics), a whole wider range of subjects can open up. Almost everything has a huge financial aspect. To get the ball rolling, here is an interesting subject that is not commonly thought of as "financial"
Motorbikes are seen as the antithesis of sound money management, and generally they are.
As with the buyer of the latest cell phone or a new car, any midlife crisis new motorbike buyer is going to get stiffed - as soon as they ride that gleaming new superbike out of the showroom, money will start evaporating like steam. So even a bike like an awesome looking Ducati 2020 SuperSport S, is a financial disaster area, even though it sells new for a bargain US$16k.
But there is another financial angle to motorbikes - investors put large amounts of money into collectables. On the downside they require storage and insurance, but on the upside they can be appreciating assets. A Vincent Black Shadow (circa 1950) for example is one of the most desirable collectables, and US$100k would be considered a steal.
https://www.hagerty.com/media/buying-and-selling/100k-vincent-motorcycle-is-a-bargain/
And now for a completely different financial angle, let's look at the Honda C90 (Super Cub).
These have been in continuous manufacture since 1958 with production surpassing 100 million in 2017, so they are the most produced motor vehicle in history
Not exactly an exciting looking machine, but they have served as a backbone of personal transport in many countries for decades. They are not an appreciating financial investment, but they are a key transportation tool. And that is another aspect to finance.
So even what is generally considered a wild consumer extravagance, can rapidly reveal itself to be a multi faceted part of finance.
Take a ride on the wild side, finance doesn't have to be boring!
https://www.fishermensmission.org.uk/news/around-scotland-honda-c90-and-monkey-bike-tour/
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Pulling in the analogy a little further perhaps Hive is the C90 Supercub, the 'backbone', but not a collector's item in the wider sense, like BTC I suppose.
I used to have a C90 at the turn of the century, before BTC was born :P.
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I think Bitcoins are more like Vincent Black Shadows - limited in number - but yeah Hive is certainly looking like a C90 at the moment!
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Expensive hobby haha.
Do you collect bikes yourself?
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No, but I did used to race motorcross years ago, and I follow a guy on Hive who collects them but hasn't posted in ages - https://peakd.com/@missionx
And this is why I now own 54 of them :-)
Have you dragged your arse away from fakebook?
As far as appreciating investments go - are they good?
Haha This is an interesting way of framing these differing modes of "investment." I would not have considered the Honda as such but you make a good case for it. It isn't going to "earn" in the way that the collectable would but it also has a great deal of utility to offer which functions as a different sort of return.
It is sort of amazing the most people have no idea what a C90 is but they are the most popular vehicle of all time!
Everyone has heard of the VW Beetle, but not the little C90
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