Topic: Invest in Bitcoin by selling wife's jewelry - page 5. (Read 1704 times)
Hello OP, if you haven't sold your wife's jewelry then you can sell your jewelry soon and wait to invest in Bitcoin. There has been a big fall in the Bitcoin market and now is the perfect time to invest in your Bitcoins. Bitcoin market was above 22000 when you decided to sell your wife's jewelry Now Bitcoin market is below $20000. If such unstable condition prevails in the Bitcoin market then the Bitcoin market may fall below 17000 then you can invest in Bitcoin by selling your wife's jewelry. Also if you have already invested then you have to wait till the market goes up.
I think if making a profit from bitcoin if it is so easy, OP should not only sell gold but should sell all assets such as real estate, and houses... to invest in bitcoin because it will bring 10 times more wealth for him. We should all do the same thing and encourage everyone to do the same, and we will all become rich. LOL.
Not only am I against selling real estate to invest in bitcoin, but I will never be in support of selling real assets that are still being used to invest in bitcoin. It was a risky decision not only for us but also for our wife and children.
Don't forget the golden rule when investing in bitcoin: invest only what you can lose.
Perhaps the OP is right in this situation, since this investment in bitcoin from his wife's jewelry will bring profit, then he will be able to buy new jewelry for his wife with a part of the profit.Not only am I against selling real estate to invest in bitcoin, but I will never be in support of selling real assets that are still being used to invest in bitcoin. It was a risky decision not only for us but also for our wife and children.
Don't forget the golden rule when investing in bitcoin: invest only what you can lose.
But he did not write that he would sell real estate for this, so I do not see any big mistakes in his actions. I probably would not sell my wife's jewelry to invest in something, I tend to believe that if we want to invest in something a large amount, then we need to increase our financial flow for this. But each person makes his choice based on the situation in which he is.
If you follow his other comments, you can see him saying that he lost a lot of money investing in Luna and FTX, and now he doesn't have enough money to invest. It means he is selling assets for investment because he believes bitcoin will give him 10x return by 2024. It can be seen that he is having financial difficulties, and this action is not advisable. We all expect bitcoin to increase and hit new ATHs, but no one can be sure, and no one knows when that will happen. So selling assets to invest in bitcoin is not a good idea.
too bad when he lost out on investing in Luna and FTX, then sold his wife's jewelry and bought bitcoin after that. what's bad isn't selling his jewelry or buying his bitcoins, but he's promised a 10x increase, and I think that's going to be very hard to happen, even when the halving happens. In addition, the risk is too great, especially if the jewelry is very important to his wife. there is no guarantee that the bitcoin price will go up that high even if we hope it will.I'm just assuming that his wife doesn't really understand the risks involved in investing in bitcoin. Well, I hope that the decision is right, and something like this is not recommended to do. It's better to invest little by little than in a hurry.
Investing will win or lose, and that's not too bad, we can't expect to win all the time. But I disagree with him because he sells assets to invest in bitcoin. Assuming he sells his wife's gold and the investment continues to lose money, he will most likely find a way to sell his real estate for investment. Meanwhile, we have many other solutions like he can get another job or save for investment. That not only helps him not to be pressured in investing as well as when the investment fails, he still has other assets to cover his life.
maybe you are confident about your investment in bitcoin, but if you don't have money to invest maybe you can collect it from work and increase the amount of your investment, and not just from selling your wife's jewelry.
I think you have made one of the best decisions in life. And I applaud your risk-taking propensity. A wife's ornaments are very precious things and not everyone can take the risk of investing in digital currency by selling those ornaments but you have taken that risk. Hope the plan that you have taken such a big risk comes true and since you have invested in bitcoins, hope you get good profit from it.
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
Both are promising investments for the future.Is it reasonable to invest in gold rather than bitcoin?
Don't sell your wife's gold or jewelry to invest in Bitcoin. If possible, invest both (Gold and Bitcoin) simultaneously without having to choose one of them.
Gold is a physical investment asset that is still able to maintain value. While Bitcoin is a virtual asset that is still able to maintain value for the long term.
I explained this formula to my wife at night and she was not willing to give me her jewelery at first but today she told me by herself that you can sell my jewelery and invest in Bitcoin. At present I am forced to sell my wife's jewelery as I have no fiat money.
I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
Well, here you are trying to persuade your wife to sell her jewelry, then at first she refuses, but in the end she agrees. But don't have fiat money to make ends meet? My advice, meeting needs is important, so Bitcoin investment only needs a few percent. So stay realistic about what you need to eat for the day. In this case, invest a fraction of the extra money as the investment is long-term. Don't make it too difficult, this condition is normal, especially if you already have a family, there will be many risks of needs besides the dream of investing. I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?
I think it would be wisest to invest in the current position Bitcoin is in right now. The price of gold is much higher than bitcoin in the current market, so you can sell your gold and invest in bitcoin right now. However, in the current market Bitcoin is in a bear market, very soon the Bitcoin market will go back to a bull market. So as soon as you recruit it will be very good for your future.
XAU/USD gold price fluctuates all the time in international market, currently gold price is $59.37/g in my country, you are right that gold price is very high in current market. If someone has this precious metal, he should sell it and invest in Bitcoin. I couldn't agree with that because none of you can tell whether the price of gold will decrease or increase in the future. However, based on the increasing competition, various developed countries of the world, developing countries are hoarding gold to maintain their liquidity standards, resulting in additional pressure on gold, resulting in an increasing increase in gold prices.Investing in gold from this point of view will not be bad. Moreover, no one can say whether the price of Bitcoin will increase or decrease in the future, the current price of Bitcoin may decrease much more than that in the future, so investing in Bitcoin is a kind of risk, so investing in Bitcoin by selling the gold currently stored is a kind of Risky activities. Investing in Bitcoin definitely requires more due diligence. 
You know I remember I read an article before in way back 2017 I just don't remember what it was, where he sold all his property just to buy bitcoin. Take note he sold his house and land, and even if he loses a place to live, just as bitcoin.
And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
I read a lot of such stories and they did not always have a happy ending. If a person is not mentally prepared for great volatility, then such actions can be very dangerous for him. A person sells an apartment, buys bitcoin, but the price continues to fall, after some time the price drops by 20%, then by 30% and everyone who understands the cyclicality will simply hold, they will understand that they have chosen the wrong entry point and you just need to wait, but an unprepared investor may not withstand such pressure and sell everything in order to save at least some money.And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
Then the price starts to rise, but he does not buy bitcoin, because it is already more expensive than he sold, and the price will not fall anymore because the bull market has begun and thus he lost a lot of money.
I am against selling real estate for investment, because real estate can already be a good tool for generating passive income. Diversify your funds into different sources and let each of them bring you money.
I think if making a profit from bitcoin if it is so easy, OP should not only sell gold but should sell all assets such as real estate, and houses... to invest in bitcoin because it will bring 10 times more wealth for him. We should all do the same thing and encourage everyone to do the same, and we will all become rich. LOL.
Not only am I against selling real estate to invest in bitcoin, but I will never be in support of selling real assets that are still being used to invest in bitcoin. It was a risky decision not only for us but also for our wife and children.
Don't forget the golden rule when investing in bitcoin: invest only what you can lose.
You know I remember I read an article before in way back 2017 I just don't remember what it was, where he sold all his property just to buy bitcoin. Take note he sold his house and land, and even if he loses a place to live, just as bitcoin.
And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
I read a lot of such stories and they did not always have a happy ending. If a person is not mentally prepared for great volatility, then such actions can be very dangerous for him. A person sells an apartment, buys bitcoin, but the price continues to fall, after some time the price drops by 20%, then by 30% and everyone who understands the cyclicality will simply hold, they will understand that they have chosen the wrong entry point and you just need to wait, but an unprepared investor may not withstand such pressure and sell everything in order to save at least some money.And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
Then the price starts to rise, but he does not buy bitcoin, because it is already more expensive than he sold, and the price will not fall anymore because the bull market has begun and thus he lost a lot of money.
I am against selling real estate for investment, because real estate can already be a good tool for generating passive income. Diversify your funds into different sources and let each of them bring you money.
You know I remember I read an article before in way back 2017 I just don't remember what it was, where he sold all his property just to buy bitcoin. Take note he sold his house and land, and even if he loses a place to live, just as bitcoin.
And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.
I think it would be wisest to invest in the current position Bitcoin is in right now. The price of gold is much higher than bitcoin in the current market, so you can sell your gold and invest in bitcoin right now. However, in the current market Bitcoin is in a bear market, very soon the Bitcoin market will go back to a bull market. So as soon as you recruit it will be very good for your future.
Not a bad idea to me though but I hope you've explain things to your wife extensively as 1 BTC might not be worth the 100k you're eyeing by 2024. Although, there's a certainty that BTC will surely rise after the upcoming halving, but no one knows for sure when it'll be activated for the bull run. Invest wisely OP
Have it in mind to go into long-term investment for you to have the profit you desire together with your wife consent
Since he wants to invest in Bitcoin by selling gold jewelry, he should invest in long term instead of short term investment. Short term investment will definitely bring some profit but long term investment will give more profit over time. But the more important thing is that since investing in Bitcoin you have to hold it for a few years. Moreover, according to the international market, the gold market is bullish along with Bitcoin, so you (OP) should keep this in mind if you are going to sell gold jewelry and invest in Bitcoin. If he keeps his wife's jewelery instead of selling it, then the price of jewelery will automatically increase day by day without any risk.
I think that's Super dumb idea because I have seen that people who invest someone's people money, always end up in loss and their reputation might also go down. And that's not good idea in my opinion.
That's why people should invest those money whom they want to loose. That's why I am never doing these such things. I have my own earnings, if I loose this money than i have no such regrets.
That's why people should invest those money whom they want to loose. That's why I am never doing these such things. I have my own earnings, if I loose this money than i have no such regrets.
What are you talking about? It is the @OP's wife's jewelry and has been sold with his wife's consent to invest in Bitcoin. How could investing in Bitcoin to be a super dumb idea? If you speculate and calculate the possible profit once the Bitcoin uptrend, those jewelries can be bought again but the opportunity to invest in Bitcoin in a low price isn't always available.I agree that we should only invest what we can afford to lose and I think @OP can afford if ever his investment goes southward. But with the historical trend of BTC, the price will eventually uptrend. It just needs to wait and have patience.
When it comes to Bitcoin investment, even though it doesnt really give out guarantees but we arent that blind on not to see about its potential and it had proved out +decade already on whats its potential and
the earnings that it could give on just simply holding it for long. The important thing on here is that your wife did really approve out your suggestion and both of you did really have decided on
selling out those jewelries for Bitcoin investment so that there would be no regret if ever the price do goes south.
Have it in mind to go into long-term investment for you to have the profit you desire together with your wife consent
Since he wants to invest in Bitcoin by selling gold jewelry, he should invest in long term instead of short term investment. Short term investment will definitely bring some profit but long term investment will give more profit over time. But the more important thing is that since investing in Bitcoin you have to hold it for a few years. Moreover, according to the international market, the gold market is bullish along with Bitcoin, so you (OP) should keep this in mind if you are going to sell gold jewelry and invest in Bitcoin. If he keeps his wife's jewelery instead of selling it, then the price of jewelery will automatically increase day by day without any risk. 
I think that's Super dumb idea because I have seen that people who invest someone's people money, always end up in loss and their reputation might also go down. And that's not good idea in my opinion.
That's why people should invest those money whom they want to loose. That's why I am never doing these such things. I have my own earnings, if I loose this money than i have no such regrets.
That's why people should invest those money whom they want to loose. That's why I am never doing these such things. I have my own earnings, if I loose this money than i have no such regrets.
What are you talking about? It is the @OP's wife's jewelry and has been sold with his wife's consent to invest in Bitcoin. How could investing in Bitcoin to be a super dumb idea? If you speculate and calculate the possible profit once the Bitcoin uptrend, those jewelries can be bought again but the opportunity to invest in Bitcoin in a low price isn't always available.I agree that we should only invest what we can afford to lose and I think @OP can afford if ever his investment goes southward. But with the historical trend of BTC, the price will eventually uptrend. It just needs to wait and have patience.
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Is it reasonable to invest in gold rather than bitcoin?
Is it reasonable to invest in gold rather than bitcoin?
Haha doesn't make any sense i am damnn sure your wife is gonna be mad at you haha.. you Should buy her more and you are even selling the previous ones. Take an advice bro gift her more. Anyway for serious i think if you are confident on your decision then stick to it and go for it without any fear the rewards will great.
The point here is according to the long term point of view your investment is worth of it but for the short time frame I cant say anything as the developments are not clear but after the April the major regulatory developments are expected. For the Gold there are some predictions that the Gold is gonna hit $10k until the 2025 and for BTC we cant even imagine we can hope so but one thing is sure that you wont regret.
So true. and actually whether or not the actions made by the OP make sense. it depends on the situation and financial condition of himself and his family. if selling his wife's jewelry won't disrupt his family's finances then it might still be tolerable. because it could be jewelry is also rarely used. and certainly he sold it with the permission of his wife. But it's a different story if actually selling the jewelry will have a negative impact on the finances of his own family, then this action can indeed be said to be an inappropriate action.
because investing in bitcoin means we must be prepared with the risks. but in the long term then we all believe that over time the price of bitcoin will continue to grow and become more expensive at each passing bitcoin halving. and maybe the OP also thought of that.
because investing in bitcoin means we must be prepared with the risks. but in the long term then we all believe that over time the price of bitcoin will continue to grow and become more expensive at each passing bitcoin halving. and maybe the OP also thought of that.
If you follow his other comments, you can see him saying that he lost a lot of money investing in Luna and FTX, and now he doesn't have enough money to invest. It means he is selling assets for investment because he believes bitcoin will give him 10x return by 2024. It can be seen that he is having financial difficulties, and this action is not advisable. We all expect bitcoin to increase and hit new ATHs, but no one can be sure, and no one knows when that will happen. So selling assets to invest in bitcoin is not a good idea.
But the OP also spoke that it was financial conditions that forced him. I don't know what the OP meant. he said he had to. but if it's for investment then I think no one is forcing it. and he really doesn't have to force himself. Maybe besides being invested, he also has other needs that compel him. I don't know the exact situation.
but as I said before that this does depend on the situation and financial condition of the OP's family. does the OP just don't have it for investment? while for the cost of daily life he does not seem too worried. so he and his wife dared to make this decision. that's probably what happened.
but if it turns out that he actually needs money more for his daily living expenses then of course this action is not justified. we must prioritize which ones are priority and which are not. but I'm sure the Op thought this too. and he must have read a lot about it in this forum.
I hope your wife is aware of your plan 
Of course, you can sell your wife's jewelry and invest money in Bitcoin, but no one guarantees you that you will get millions in the future. The price may simply not go up as high as you want, or it may even go down.
Risk Only What You Can Afford to Lose
Of course, you can sell your wife's jewelry and invest money in Bitcoin, but no one guarantees you that you will get millions in the future. The price may simply not go up as high as you want, or it may even go down.
Risk Only What You Can Afford to Lose
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