Looking to sell a computer to raise money to invest in Bitcoin. - page 2.

RockBell

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Quote from: CryptSafe on December 07, 2023, 05:08:41 PM

OP I understand that you are a bitcoin enthusiast who is willing to buy and hold for a long time which is very good one and as a matter of fact, you said you already started buying bitcoin long ago with your $100 monthly allowance from father which is a smart move by you but however I really do not think selling your computer is a wise idea because with your computer, you can learn skills which you could master t perfection and use them to buy more bitcoin or to get paid in bitcoin for work done.

I am of the opinion that you keep your laptop and use it for learning of other IT skills which could help you in time to come or in the future. This should be alright for you to take.

Hope OP has a goal not just buying and buying, and I love the strategy the young man is using to accumulate his bitcoin is it that he is using all the 100 dollars to purchase bitcoin or is he taking out of the 100 dollars because out of the 100 dollars he will eat and maybe get something, that is what have been thinking is not as if selling the computer will bring him more money he will even sell less so I also agree for him to keep his computer, and focus on other means of getting money either get a job because relying on the allowance alone is not enough for a serious trader.

Quote from: panganib999 on December 07, 2023, 05:37:48 PM

I say you keep that first and foremost and not sell it for bitcoin. You’d have a lot more to work wih if you have a trusty pc to work with. If you keep at it you might even earn more than the bitcoin that you’ll have if you bought it with the money you’d sell your pc for.

I say you save it for now, find a good job to pay for your expenses, and learn a craft that would pay in crypto, website development being one of those things. Soon as you’re able to do that. Get certified, earn in crypto, and you’d be thanking everyone in this forum one day when you get your first crypto paycheck.

I agree too, a laptop is a very important device, and buying it back will be more expensive, it is only gambling addicts who sell their assets to gamble I don't think people who want to invest in Bitcoin will do that, not sure, and learning a craft will help and getting a job will even relief you of so many things, even the biggest guys in crypto did not sell their kinds of stuff to invest in bitcoin so all you can do is to plan out how you want your life to be and it will work according to the way it was planned if you determine to achieve your goal don't give up.

summonerrk

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

You have a new account and I’m not sure that you have enough experience to buy Bitcoin at the right time (at a low price). Now the price is above average and it’s too late to buy Bitcoin (IMHO). There is a feeling that the price has hit a ceiling of 50k and there is a huge chance that it will begin to fall. And after that, your $100 investment can quickly turn into $50.

Also - investments imply that they are not made with the last money, so in general I would not advise you to make an investment at such a price - selling a computer. Better find a way to earn extra money and invest it.

syedakhlaque

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If the computer you are selling is redundant and unnecessary for you. So sell it. But use this money very carefully and gradually, because now you are new in business and inexperienced. Your money should be put to good use. Because right now you have a lot to do in the business world. A thorough study of crypto and bitcoin, its maps, charts, history, psychology and the workings of successful people will help you in your business. And after gaining some experience do trading ,mining and stalking and try hard to be successful in this business.

lienfaye

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

Why not? If you don't need a computer then do it. Your purpose on why you are selling is also to invest in Bitcoin and for me that's better. Because the money will be use for investment and that's a wise decision.

On the other side, your $100 budget to accumulate Bitcoin is already decent amount. If you started few months ago, then certainly you are already in profit since the price of Bitcoin already had a significant increase. Are you planning to hold for long period?

barisbilgili

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Quote from: oktana on December 07, 2023, 06:43:24 PM

Do you not need your computer? Also, looking at how much allowance you get, it may not be necessary to sell your computer. I’d be honest, it isn’t compulsory to invest everything you have in Bitcoin; you can equally go about it slowly as Bitcoin is here to stay. But if your computer isn’t useful then maybe you can sell it, but I’ll suggest you think it through again before you finally decide.

It is very important to think carefully before choosing to invest in Bitcoin and if we sell the goods we have to make an investment, of course we have to really think carefully about whether the goods we have do not really need us so we can sell them and make an investment. on Bitcoin, because if we push ourselves too hard to invest by expecting quick profits, I don't think this will be possible, it will take some time to get a profit from the investment we make.

AnonBitCoiner

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If you don't need laptop for personal use then sell it to buy bitcoin but if your work become difficult through selling your laptop then don't sell it. If you need your laptop for specific use and that time you don't have money then you will sell your bitcoin in loss but will accumulate money for laptop therefore think before doing anything.

Buying bitcoin is also profitable this time and surely you will get huge return in four to five months therefore if you don't need your laptop upto five months then buy bitcoin as it can give you more return and in coming year you will become able to buy laptop again so think about your need and then decide.

oktana

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Do you not need your computer? Also, looking at how much allowance you get, it may not be necessary to sell your computer. I’d be honest, it isn’t compulsory to invest everything you have in Bitcoin; you can equally go about it slowly as Bitcoin is here to stay. But if your computer isn’t useful then maybe you can sell it, but I’ll suggest you think it through again before you finally decide.

Kalibanos

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Keep your computer , dont FOMO into bitcoin until you learn the fundamentals, you dont have to spend 600 dollars to make a quick profit , you can do it with 20-40 dollars. Right now there are coins that are rising and dropping through out the day and are under 20 cents. You can wait till they hit a 24 hour low buy 20$ worth then u get hundreds of them with 20 dollars , so when they go up in value even just a few cents you sell them and you make 10- 12 dollars in under an hour some times, then when they dip again you now have 28$ to invest and you rebuy. Then when you have your 20 back you can let them ride for a week or more since you already took out your principal untouched and then with the profits you buy BTC or in the upcoming bullrun some of these coins will swing wildy in price some times reaching 1.00$ or $3 in a few months making you several hundred dollars.

Vaskiy

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With the computer costing $600 he could earn the same money in a month or within few months time. All that required is the development of skills. He need to find the right choice of his interest and learn it. We're in the advanced world where each and everything is connected. Computers play a big role. His plan to invest on bitcoin is good, but he needs to think twice before selling the computer as it helps in learning more. Also the guy is very young and he can explore more things.

Hyphen(-)

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

The decision of whether to leave your laptop or sell it depends on the work you are using it for. If the laptop has no use or is not a necessity for your daily earning, then you can sell it to add to your Bitcoin investment, but if the laptop is something very important for your daily activity, then you should keep it and not sell it because of FOMO.
The little amount you are saving monthly can be enough for you, because with time, you will see that you have accumulated some large fractions of Bitcoin. That is why DCA is the best method to accumulate Bitcoin.

Do not sell your laptop if you need it for either your work or your daily life routine.

Antotena

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

You didn't say the part of Korea, I hope is not the North right? Cheesy

Alright! In total, you have $700 in total to buy bitcoin if you sell your laptop, it's a big amount though to some people and might be small to some but I think you can buy the bitcoin that you want but my next question is how do you intend to save the bitcoin? Do you have a phone where you can always have access to the internet so to know the latest development about bitcoin and other updates, I hope you if you sell the laptop you wouldn't have a problem later in the future because that is what people do, they sell their properties and buy bitcoin and when they are in need, they sell back the bitcoin and most the time, in loss which is very bad.

If you successfully buy the bitcoin, I hope you have the right place to keep it, make sure you save it in a hardware wallet that is back up, make sure that your seed phrase is properly back up because without it, you don't have any bitcoin again and if the hardware is stolen or something happen in the future that you couldn't access it, your bitcoin is gone, so therefore I advice you to do a proper back up of the seed phrase.

panganib999

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I say you keep that first and foremost and not sell it for bitcoin. You’d have a lot more to work wih if you have a trusty pc to work with. If you keep at it you might even earn more than the bitcoin that you’ll have if you bought it with the money you’d sell your pc for.

I say you save it for now, find a good job to pay for your expenses, and learn a craft that would pay in crypto, website development being one of those things. Soon as you’re able to do that. Get certified, earn in crypto, and you’d be thanking everyone in this forum one day when you get your first crypto paycheck.

The Sceptical Chymist

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Here we go with the bull run FOMO threads!

Back in 2017, there were people selling everything to buy bitcoin--and that might not have been a terrible idea in 2016, but be careful not to buy on impulse and especially when the price of bitcoin (or any investment) is high. Personally I think it's going higher, but I've been surprised by the market so many times that I don't listen to my instincts any more.

As others have recommended, if it's a computer you don't need and you want to take the plunge, do it. You might at least have fun partaking in the madness.

_BlackStar

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If you no longer use the computer - selling it to raise investment capital might be a good idea.
Some people will consider selling unused valuables to support their business - they get additional capital from it, and of course some of them also use it as an investment budget.

I personally wouldn't say that's the right advice - but it's a reasonable option if you no longer use it for daily or other needs. Out there - maybe there are lots of people lending money at banks or something like that for investment or building a business, but it's too risky because you will never know whether you will get the target return or lose because of strategy and other mistakes.

CryptSafe

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OP I understand that you are a bitcoin enthusiast who is willing to buy and hold for a long time which is very good one and as a matter of fact, you said you already started buying bitcoin long ago with your $100 monthly allowance from father which is a smart move by you but however I really do not think selling your computer is a wise idea because with your computer, you can learn skills which you could master t perfection and use them to buy more bitcoin or to get paid in bitcoin for work done.

I am of the opinion that you keep your laptop and use it for learning of other IT skills which could help you in time to come or in the future. This should be alright for you to take.

Queentoshi

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin.

Selling items you no longer need in order to invest in bitcoin is a fantastic idea. However, selling a computer in order to make money is not very cool unless have an extra device that connects to the internet which will help you in gaining further knowledge that will increase your ability to invest in bitcoin. Keep in mind that skill is an additional revenue stream, so try to get a skill to raise extra money. I believe that if you can consistently invest the $100 in cryptocurrency, you will eventually amass enormous fortune.

ajiz138

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You want to sell your computer for $600 to invest in bitcoin, right? Now I ask if you have two computers so you sell one?

You continue to have an allowance of $100 per month and you have $100 as personal money, so is that enough for your living expenses?
As far as I know 19 years old you should still be in college what about that cost if you continue to focus on spending on bitcoin? Sorry for being too sensitive.

It's not a bad idea for you to keep investing in bitcoin at the aggressive rate you are showing, but remember that it must be adjusted to your ability.

Japinat

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If that computer is not beneficial to you anymore, then selling would be the best option. At least, you won't be keeping things anymore that are not useful to you. My only advice is that always invest on the amount you can afford to lose. Bitcoin is a highly profitable asset but it still a high risk asset, so always invest with caution.

Buying small amount of bitcoin is better than not buying at all. When you see your whole bitcoin portfolio in the future, you will then know that you have stored a lot which gives you bigger opportunities to change your life status.

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Quote from: puradak on December 06, 2023, 10:36:28 PM

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

That is impressive since you had been buying some Bitcoin with the allowance you are been given every month. What is the major reason why you want to sell your computer? If the reason is just buy Bitcoin alone, that might be a bug risks because you need to understand the level of risks you are trying to take and I hope you are not trying to do this to impress anyone. Please it would be nice for you to think about your decision scrupulously and reconsider the reason before selling your computer. The market may decide to go bear at any time posing a big risk to us.

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Quote from: traderethereum on December 07, 2023, 08:01:28 AM

It depends on you. If you don't use the computer, you can sell it to buy bitcoins.
But if you still use the computer for daily activities, you should not sell the computer.
You can still invest in bitcoin using $100 from your father and that is enough to invest in bitcoin using the DCA method.
But everything comes back to you because the decision is in your hands.

You're right. If it is his second computer, he can sell it for Bitcoin. But if it is the only computer he has, it doesn't make sense to sell it for Bitcoin. How he can manage their Bitcoin investment without a computer or a laptop? It is not enough to use a smartphone only, it is not a safe way.

I also think that $100 monthly for buying Bitcoin is quite good amount of money. Moreover, he is still 19 years old, it is more than enough to use for Bitcoin investment. If he gets $100 monthly, he actually have $1,200 in a year. Also, I don't think he can get the permission from his parents to sell compute, specifically if it is the only computer he has and it should be a computer given by the parents, too.

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