Topic: Looking to sell a computer to raise money to invest in Bitcoin. - page 3. (Read 576 times)

You are mature enough to make decisions on your own, but don't you think it will be better to learn more about bitcoin with the laptop than sell and use it to invest? You don't have to sell your properties just because you want to invest in bitcoin. I'm sure you might be making use of the laptop even if it's once in a while. You think the $100 in which you are investing monthly is kind of small, but it's better you maintain that, when investing in bitcoin, you should always invest any amount you can afford to lose, don't invest everything you have. So if I am advising you, then I will recommend you don't sell your laptop, just keep on investing the amount you are earning from your father.

what will you use if you sell your computer?
you are a student and will need to write on a Word document and you are going to be researching topics you discussed in your classroom. your father will be more worried you have nothing to use for your studies.

you must have skipped recess.  you don't have to buy $100 worth of BTC a month.  save up just $25 and buy that amount every month.

Why the rush my friend? Because to me it seems to me that you are only just trying to run more than your shadow, which i am totally not in support of it, because you just said you are just 19yrs old, who is been given $100 allowance monthly from your daddy, separate from the money been given for other expenses, which shows that if only you can invest just mere half of your allowance in Bitcoin (i.e $50 monthly), I'm sure in a year you could have saved 12 x $50 = $600, while in next 5years, you probably could have gotten $600 x 5 = $3000, and in 10years, you could have saved $6000, which is quite not a small money. Hence, I will advise not sell any laptop, but rather use it to explode the internet to learning more digital skills and getting yourself equipped with Bitcoin-related terms and it's meaning. Since you still have a long way to go

So, what device do you usually use for online activities, do you only use your smartphone or your computer, if you use a computer then you only need to sell the computer you are currently using and then buy a new one (which is cheaper). If I were you then I would never sell my computer, I would rather sell other things that I don't need because my need for computers is very high (especially for my online activities such as opening BTT forums and my online sales)

So try to think once again, what goods or things can you sell to be able to buy Bitcoin (not by selling your computer).

Do it.
You should weigh every item and decide on whether you need it or not. For example, you could have a bicycle that you no longer ride, that's a great thing to change into bitcoin, or an older mobile phone, or your old clothes. There's no way these things will go up in value, but in the liquid form of world's only decentralized currency, they can.
On the other hand, if you use your computer for work or school, don't sell it. Sell only things you don't need.

Actually, you yourself know better whether the decision is the best decision or not. because you really understand the situation and conditions you are living in. Do you need the computer or not? If you need it, then what is the alternative if you sell it? If not, it probably doesn't matter, you just need to tell your dad so he isn't shocked. Investing in Bitcoin is good, but it doesn't mean forcing yourself. unless it is true that the computer is not being used.

Try to think carefully, because at the age of 19 you are now, just like I was at the age of 19. And at that time I was having fun using the computer for entertainment by opening social media, games, and so on, including doing school assignments and when I was still in college.
Have you ever experienced the moments that I mentioned above because they are fun, especially now that computers are very useful. Apart from entertainment, work, school or college assignments, computers can also be a source of income because currently the world of technology is increasingly developing.
And back to your question and that is your right, I just make you aware that computers are important and many people out there want to have computers for important things including making money.
And my advice, don't sell your computer for uncertain profits, especially if you have no knowledge, risks and understanding of Bitcoin.
In fact, you can still buy Bitcoin from the $100 your dad gave you for personal use for one month. If you are serious about investing in Bitcoin, you can buy it in half or in full every month. And this is a much better way, you can also increase your purchases when you have more money and do it all for the long term. This is a cool decision because you also definitely need a computer to get involved in Bitcoin or crypto.

It will either be the right decision or the wrong one depending on what the computer is currently been used for. If it is a computer that has an important use and is used to fetch you money, It is not a good decision to sell it off. Buying a new one always cost more. If it is a computer that is just laying around used for unimportant things like just watching movies, selling it off to raise money for bitcoin will be a right decision. Selling off your property should be the last way you should think off to use in raising money.

How can you say $100 is ridiculously a small money, in my opinion, it is not, and in an other way you are simply doing DCA which makes you more profitable even if you are doing it with small money but $100 is not a small money maybe for you it is but in many developing countries $100 is what they earn per month and they can't even afford to invest $100 only in BTC per month. You are doing great if compared with many other people.

At least you have some BTC in your holdings now and you will be making some profit too but don't just fed up with these profits, and keep some more patience, don't get in FOMO to earn more profit because this is what I get from your post is, you are being emotional that your funds are lesser and BTC might boom up and you might lose this opportunity so you are planning to make money somehow so you would invest that in BTC.

Therefore you must be planning to sell your PC and I can say the PC must not be a cheaper one if it is going in $600 as second hand used. It must be a good PC, I will not ask what kind of work you do on your pc, is it productive or not but I assume you must have another one to do your daily tasks maybe a simple laptop. I will suggest you to sell it if you can afford without it and if it is just laying in the room with no usage then selling it would not be a problem.

This will only depend on what you’re using the computer for. If the computer is serving you for a purpose that will put you in another state that will make things difficult for you, selling the computer to invest in bitcoin won’t be the right choice to make. I don’t know how things are in Korea, but saving $100 monthly for bitcoin is a nice idea and it is the best strategy you can use now to save a lot of bitcoin since you don’t have a large amount of money to just buy it once. I am also amused how you use $100 for personal savings to invest in bitcoin monthly, how do you cope for the rest of the month when this money have been used to buy bitcoin or you have another source of income that is keeping you financially stable during that period?

Investing in bitcoin is a nice idea that everyone will recommend for you to do here in this forum, but have it in mind that “you should only invest what you don’t need now”, if you’ve done an investment in bitcoin, the best thing to do is to take your eyes off the investment for a long term if you want to reap the benefits of bitcoin handsomely. That shouldn’t be your savings that you can take from anytime you need money that is why it is advised to only invest what you don’t need now. Being financially stable after investing in bitcoin is the best way to enjoy your investment in bitcoin. Remember that 1BTC=1BTC as long as you don’t touch it.

Unfortunately, while in many parts of the world $100 is decent money, in Korea it's like pocket money you give to a teenager. I know how expensive things can be in Korea, especially apartments and furniture.

I feel like you're doing the right thing, although you won't get much profit by doing that. Let's think years. If you spend a whole year doing your DCA, you'll have $1.2k, which at the average price of $30k for bitcoin will give you 0.04 BTC. Let's imagine bitcoin goes 3x from there to $90k, you'll have $3600. Is that big money for you? Is it something that will change your life? If it's not, you'll have to think of a way to increase your investment.

The question is: what do you need this computer for? To play videogames? To study? To work? Just to kill some time? If you use it for something actually important than don't sell it, if it's for something like fun then yes, you could sell it and in the future, since BTC will probably keep increasing in price, you'll be able to get a new one. I guess you have a smartphone, if you can you use it to do the same stuff you do on the computer than you already have your answer.

If you have no other option to earn money, I think selling the computer is the best decision for you. Because even if you lose the computer, you will get money from the sale which you can use for investment and various other things which are more important. Moreover, investing in Bitcoin can be done from your smartphone (I'm sure you have one) and it's much easier and faster. I hope that your investment can bring profits to you. Good luck.

That's a good start, but that also mean you will have no access to bitcoin wallets especially in desktop mode which has more feature to explore than using a smartphones, unless you have a spare laptop or PC.

Also, a local marketplace near you will be the best thing you can do, even if they don't accept bitcoin payments, you can just buy bitcoin using that money, i know there are decent exchange based on korea.

Basing on your stories, I don't think it's the right decision and hopefully you're not going to do it because the people in the thread are already helping you realize that it's not a good idea or decision to sell that computer, check out the alternatived OP and remember to not be too crazy about bitcoin investment because putting a lot of money of which is more than what you can afford to lose, you might regret that doing along the way. Be content with just the monthly allowance that you're putting into and if you're unsatisfied with that still, you can also apply for a part time job, you might be able to do just that, that computer could be a useful for you to find some other ways to make money online as many have said already.

You are already investing $100 a month and I personally think it's a good start.
Don't sell your computer because you can use it to improvise your skills and then use those skills to earn more bitcoins.
Further more, you can learn more about bitcoin through your computer and so selling it would be a bad idea.
Keep exploring instead of selling your computer.

Well, it might be a good decision or a very bad decision... nobody can say, because nobody can predict the future. I just know that every bitcoin that I have ever bought, have given me loads of profits.. you just need to buy low and wait for the best time to sell at a profit.

If you are not able to wait for the opportunity to sell at a profit, you might have to sell at a loss and then you will regret this decision. I had friends who bought at a high price, and they had to wait 3 years to sell at a profit. (Are you willing to wait?)

I would say that your decision to invest in Bitcoin is correct but I would not encourage you to sell your computer and then invest that money on Bitcoin. As the price falls, traders make panic sales, which leads to wrong decisions. I also think that being over-enthusiastic about investing in Bitcoin as the price rises can also throw off the situation at times. So you must first accept that investing in Bitcoin is not only profitable. You need to know the main point of Bitcoin investment, now here you see that the Bitcoin price is currently pumping very quickly, and you want to sell your computer and invest here. I will tell you not to be in such a hurry and observe the market for a few days, maybe it can be a bull trap.
Moreover, I will say that the computer is a very necessary device. Having a personal computer is also very important. If you want, you can develop your skills in it as well as invest the $100 for your personal use with DCA management for long term. I see already many people have given their related suggestions so I am not going to elaborate. I just mentioned the matter.

The computer is definitely a useful accessory to you. In this case, you can decide whether to take alternative measures without selling the computer. If you move into college life, you will definitely need a computer because you will need a computer to complete class assignments. Since your father gives you $100 per month for your personal expenses, you can save your personal expenses and invest that money in Bitcoin. Since you are interested in investing in bitcoins, you can invest in bitcoins from your personal expenses money given by your father instead of selling the computer you need. And if you don't need the computer at all, you can sell it and invest in Bitcoins. But in this case, you must remember that the Bitcoin wallet you deposit must be completely under your control. You will never keep your invested bitcoins in a centralized exchange.

You don't mention that Korea, ./ , in any case, hold bitcoin could be very dangerous... sometimes you have to measure many variables in a decision, even as simple as it may seem, at 19 years old you must already be prepared to accept consequences, and I wish all decisions were As simple as that, OP, $600 may not necessarily mean a great decision, it is money that you can recover in the short term, I mention this because of the volatility of bitcoin.

Anyway, you must understand that it is not about selling goods but about having a flow of income that allows you to invest in the long term, in that sense, for example, a laptop can allow you to generate extra income and buy BTC, you can be selling " the goose with golden holes" for believing that you are buying the "golden eggs", is a financial metaphor.