For someone who is in urgent need for fiat I think it's not advised to invest in bitcoin, because it's likely you are going to need the money before the maturation time until you can cashout bitcoin with profits. Bitcoin is a long term investment and you may need to wait longer than 2024 to see positive results generated.
On the other hand, if it was possible to ensure this money isn't going to be needed soon, the idea of selling jewelry in order to build a bitcoin portfolio seems perfectly fine and promising from the potential profitability point of view.
Topic: Invest in Bitcoin by selling wife's jewelry - page 7. (Read 1704 times)
It's almost sure that Bitcoin will give you more return than Gold or any Jewelry. So I also appreciate your decision to invest in Bitcoin. But you should wait for the best price to invest in Bitcoin in current market situation.
I am a Bitcoin supporter, but to be honest, in any type of investment there is risks. If you invest in greed and expecting high returns, then let me remind you that, with high returns, high risks also come. So more is the risk, more will be the return. I am not saying Gold is better than Bitcoins, but Gold is stable and legalised for the public. Whereas Bitcoins are totally dependent on the market and the people. Nevertheless I wont comment whether you did a good job or not OP, but I will warn you to be careful before investing any big amount in any asset. Wish you all the best for your future.
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
Selling your wife's jewelry without consent is not ethical or legal for investing in Bitcoin or any asset. Honest communication is crucial for financial decisions, ensuring both parties agree on investment choices.
Investing in gold or Bitcoin depends on your investment goals, risk tolerance, and financial situation. Gold is a traditional store of value and considered safe during economic uncertainty. Bitcoin is a newer digital asset that has gained popularity as a decentralized currency and investment. Consider researching and evaluating all factors before deciding to invest.
The popular advice in Bitcoin investment which should be taken seriously which is you should invest only what you can afford to lose, must not be taken lightly. In addition, Bitcoin for most people may be both a store of value and a hedge against inflation. Aren't these the same qualities or characteristics that gold has too? Be careful not to lose your gold that will forever appreciate in value than to a speculative and highly volatile instrument.Look here OP, you may sell your car, clothes, yatch or other liabilities to invest in Bitcoin but please never sell your assets like real-estate, goal whose value increases over time to invest Bitcoin.
investing in Bitcoin or any other cryptocurrency can be risky due to high volatility and lack of regulation. In contrast, investing in gold is generally considered more stable, as it has been used as a store of value for thousands of years and can act as a hedge against inflation and other economic uncertainties. Ultimately, the decision to invest in either asset depends on your investment goals, risk tolerance, and financial situation, and it may be helpful to seek advice from a financial advisor or conduct further research.
Practically Bitcoin is more valuable that Gold and it can be able to give you a huge return after the Bitcoin halving. And that's why I think it makes sense to sell jewelry to invest in Bitcoin because of its high volatility return.
Bitcoin is valuable but we must know that it is also very volatile that is why we tell people to be careful careful when investing in Bitcoin. Bitcoin is both a digital currency and an asset we can trade and make more money if we know what we are doing. I don't think anyone would agree with op to sell his wife jewelry just because he wanted to purchase Bitcoin when there are many things he could sell and purchase the quantity of Bitcoin he wanted. We don't have to be too desperate when we want to invest invest in Bitcoin or any other assets. 
Practically Bitcoin is more valuable that Gold and it can be able to give you a huge return after the Bitcoin halving. And that's why I think it makes sense to sell jewelry to invest in Bitcoin because of its high volatility return.
Bitcoin is valuable but we must know that it is also very volatile that is why we tell people to be careful careful when investing in Bitcoin. Bitcoin is both a digital currency and an asset we can trade and make more money if we know what we are doing. I don't think anyone would agree with op to sell his wife jewelry just because he wanted to purchase Bitcoin when there are many things he could sell and purchase the quantity of Bitcoin he wanted. We don't have to be too desperate when we want to invest invest in Bitcoin or any other assets. 
This is probably the worst decision if ever you stick to what you believe is right and reasonable. Always know that bitcoin is never a 100% guaranteed safe and profitable investment. You can actually lose your capital from it especially if you only invest because of your greed and you only invest without understanding the market first and how your investment works. Knowing the risks about bitcoin, then never compromise the investment of your wife, invest with your own money and only invest what you can manage to lose in the future. Maybe start saving for now so you can invest in bitcoin when there is a good market entry.
You are very confident that you'll earn a profit even if there are risks. We know most of the halving that happened in bitcoin is pretty good as the price went ATH, but we are not sure if this halving is the same. We are not 100% sure that the price will reach another ATH. What if it's all time low? What I would suggest is that you just sell off one-half of it to be safe, or only what you can afford to lose. Try to think and learn about the risk of investing in bitcoin, as we do not know if you will lose your investment.
It’s clear that OP has still no experience investing in bitcoin since he is still not aware on the risks on bitcoin investment. Well, you can try to sell a portion of the jewelry if you want but be honest to your wife that bitcoin won’t guarantee immediate profits, since it’s a long-term investment. And there are still chances that she won’t be profitable and only lose her money if the investment fails in the end. I guess if she’ll know that, I doubt if she still want to agree on selling her jewelry or you just invest some other time if there is already extra money available. 
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
legendary
Activity: 2380
Merit: 1082
Leading Crypto Sports Betting & Casino Platform
There is no guarantee of any kind, its absolutely ok to be optimistic, but don't completely rule out the fact that things might not go as you planned.
Yes, we all hope that bitcoin makes it across $100k and above in 2024 bull run, but still, nothing is a guarantee, even, there is no guarantee that a bull run will happen during the halving by 2024.\
So my personal advice is to only sell your wife's jewelries if she has no need for them anymore, or if she has lots of it, and also do not forget to let your wife know that there is no guarantee in all that you told her like i said earlier.
Yes, we all hope that bitcoin makes it across $100k and above in 2024 bull run, but still, nothing is a guarantee, even, there is no guarantee that a bull run will happen during the halving by 2024.\
So my personal advice is to only sell your wife's jewelries if she has no need for them anymore, or if she has lots of it, and also do not forget to let your wife know that there is no guarantee in all that you told her like i said earlier.
It's almost sure that Bitcoin will give you more return than Gold or any Jewelry. So I also appreciate your decision to invest in Bitcoin. But you should wait for the best price to invest in Bitcoin in current market situation.
You did a wrong thing by trying to force your wife to sell what belongs to her for Bitcoin. Note; while doing any investment ensure that the money you are coming to invest belongs to you. There is no guarantee as regards to your expectations on the price of Bitcoin making your investment worth $30,000 after halving, there could be a diminishing return as you don't control the price of Bitcoin and your expectations could be less or higher.
Practically Bitcoin is more valuable that Gold and it can be able to give you a huge return after the Bitcoin halving. And that's why I think it makes sense to sell jewelry to invest in Bitcoin because of its high volatility return.
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
I think you have made a good decision. Because right now the Bitcoin market is Down. But it turns out that Bitcoin has risen more than the price of gold in the past. But right now the price of gold is much higher than Bitcoin. So if you are selling gold right now and buying and holding bitcoins then definitely a good venture for you. Because if you invest and hold Bitcoin now, then the value of Bitcoin will increase a lot. And later you can buy more gold than you currently have. So you can safely sell your gold right now and invest in Bitcoin, it will be better for you.
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
It’s always good to keep some gold on hand. It’s really great to have both Gold and Bitcoin. As long as your wife is okay with this I say go for it 😂 Bitcoin will pass 100k in a few years I really do think so. I think it’s a good idea to get more BTC always.
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?
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?
First time I am hearing about such a strategy, are you sure your marriage is going to survive that? We have some jewelry in our family from my great great parents that nobody is wearing. I would never consider selling it though. Its not only the material that is valuable, but also the sentimental value behind. Investing in bitcoins is not a guarantee to make quick short-term profits. It could take another year for the next halving to happen before prices really start to rise again. Just make sure that your wife knows that, it's her jewels and she might feel that she should get the profit you make. Why not try and save every month some money and invest that in bitcoins? Also keeping at least some gold in form of jewelry at home is fine in my opinion. If you don't need the money right now then better to hold some. In case things get really bad you could always exchange gold for some cash rather quickly.
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
Hope she realy would not mind about it. You have to invest only those things which you would not regret about
We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. 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?
You are too confident. What if this is the first time in halving that the price wont hit ATH ? then it was opposite can he able to manage the losses ? In investing you should be aware of the risk and the possibility that you lose it but if you can accept it then its good as it is part of investing. I myself even i know the risk i still invest which the amount that can i afford because i have a high hope for Bitcoin. So selling the jewelry might be a good idea as long as you know the risk.
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?
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?
First time I am hearing about such a strategy, are you sure your marriage is going to survive that? We have some jewelry in our family from my great great parents that nobody is wearing. I would never consider selling it though. Its not only the material that is valuable, but also the sentimental value behind. Investing in bitcoins is not a guarantee to make quick short-term profits. It could take another year for the next halving to happen before prices really start to rise again. Just make sure that your wife knows that, it's her jewels and she might feel that she should get the profit you make. Why not try and save every month some money and invest that in bitcoins? Also keeping at least some gold in form of jewelry at home is fine in my opinion. If you don't need the money right now then better to hold some. In case things get really bad you could always exchange gold for some cash rather quickly.
Jump to: