An elevated bicycle-based transportation system comprises a bicycle, a front suspension member, connected to a front portion of the bicycle and having on the upper end a rolling, sliding, or gliding member, a rear suspension member, connected to a rear portion of the bicycle and having on the upper end a rolling, sliding, or gliding member, and an overhead track, which is a supporting member substantially horizontal in orientation, on which the rolling, sliding or gliding members of the suspension members rest. When suspended in this way, the bicycle can be ridden along the overhead track. When the suspension members are not suspended from the overhead track, the bicycle can be used in the normal manner, and at least one of the suspension members can be retracted, collapsed, folded, pivoted, detached, or otherwise modified by a simple operation, to be made less prominent.