Topic: Looking to sell a computer to raise money to invest in Bitcoin. - page 4. (Read 576 times)

If when I was your age, on  my nineteen and I got $600 computer (I believe it's not an entry level pc) I would learn some skills that could get me a part-time/freelance job with some decent payment. After that I would spare some of my earned money to invest in Bitcoin. 19 is a very you age, I don't say invest in Bitcoin is wrong at this age, but investing in skills would be far more profitable at this age.

Invest only what you can afford to lose, this is what everyone will tell you when you try to invest into Bitcoin. And I support this no matter what. Investing into Bitcoin is risky but could be fruitful if you can hold it for a longer period of time. That's how Bitcoin investment works. If you were already doing DCA with your $100 investment plan then it's all okay. It may seem a small amount to you but in the long run you can stack it up to make it big.

If you don't need that computer then of course you can sell it to invest in two Bitcoin. But if you are thinking about investing by selling your computer because of the recent market pump, then I will suggest not to do it so quickly. You will find more opportunities in the future. So wait for it. Putting more money does not ensure profit. Holding for a longer period of time ensures profit in Bitcoin investment. So now give you the thought and then decide what you want to do.

You can't just sell everything you have in order to gamble in Bitcoin, when it goes wrong you will regret and think you shouldn't sell your computer because it's still important.

I'll say accumulating more money to invest through selling your stuff is a sign of greedy, you're aiming to get rich as quick as possible, that's not a good way.

Instead of selling your computer, make use of it to find a way to make more money. Treat your personal computer as an asset that can bring you additional money for your planned investment. You can easily dispose of your computer by selling it, however, the time will come when your monthly allowance of $100 will not be enough for you and you will probably look for more ways to have an additional income.

Find a way to make money using your computer, there are a lot of possible ways. You just have to find your way. If you have a specific skill you can use to provide service or make a product using your computer, do it for the sake of your investment.

If you're already thinking of selling then I'm guessing it's not really a day-to-day need for you. No problem doing so if that's the case. I would personally use it to generate income on the side but if you think you're short of time to learn a skill to use online then I guess it's fine to just buy BTC and wait.

Where did OP mention about mining? Mine what - BTC? A $600 computer won't mine a single block if we're being realistic here.

If you have another computer I think that you can sell this particular you want to sell because right now even though you sell your computer to buy bitcoin you still need a computer to use to monitor your bitcoin, even you are in bitcointalk and you need a computer to use and write things in bitcointalk, so you selling you computer is not good, I can advice you to sell any other things but computer is very necessary in anything that relates with bitcoin and anything that relates with Internet, I don't know how you will coup but I'm talking about myself because I can't stay without a computer because its what I use for making my research.

If you sell your computer, how do you mine?
However, if you have 2 computers, I think it's okay if you sell them for capital to buy Bitcoin, but don't expect too much to get quick profits from the Bitcoin ownership you have because everything requires patience, keep saving in Bitcoin and over time you will have a lot of Bitcoin. buy BTC when the market is correcting/red. Don't buy BTC when it is high/the market is turning green

Selling your computer system may not be the accurate decision for now because you may still need the use of the computer system anytime sooner if you have bought your bitcoin already, knowing that things are now expensive you may also have no other means of buying one when you needed it most, i will suggest thst you make use of your monthly income to use some part of it to make an investment using DCA and you continue accumulating gradually from there as long as you're able to hold enough, you will be profitable about it.

This is your other thread, if you plan to hold your coins for long term and DCA-ing for $100 every month, why you not turn your computer become a cold storage? of course it's really hard to do, you need to know what you're doing.

The key is only use open source tools and never connect to internet anymore.

https://electrum.readthedocs.io/en/latest/coldstorage.html

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.

Is selling your PC for $600 smart? Consider that computers are knowledge gateways and creation tools. Could losing it hinder other chances? You should view Bitcoin as a planned investment, not a chance. Consider the tangible versus the prospective. Does the $600 gain exceed your computer's utility? Bitcoin has tremendous potential, but its volatile. You invest $100 monthly, a tiny but continuous commitment. Is this enough? Financial, educational, and personal investments are all investments. Bitcoin and your computer teach you different things. Choose cautiously, but no choice is final. Life, like markets, fluctuates; adaptation is crucial.

It entirely depends on your usage of computer. Personally I would like to keep the computer intact because I run a business from it. But if you are using your computer just to play a games and if you are not doing anything productive in your computer, then probably it is best for you to sell.

But let me tell you, $100 is a pretty decent amount in many other countries. A lot of people are unable to save even $50 a month. You are lucky that your father gives you such an amount of money, which corporate job freshers earn as their first salary.

OP, let your youth be your assistant. Your posts scream that you are fascinated by Bitcoin. But before you become a fan, have you read cases where people lost all their savings due to some careless decisions? Do you know how to protect your funds? If you have other gadgets besides a computer, sell them. The technology must work. If it is idle without work, then you are wasting time. But if the computer brings you any income, why sell it? In any case, you should not listen to random people, since no one knows your entire situation. Besides the charms and bright faith in Bitcoin, try to study it more.

The computer is a necessity in the current life, if you don't have use for it then go ahead and sell. But you will need some digital device to access your coins after you buy them.

Also I agree with @adaseb here. The things you can do using a computer to earn money should be kept in mind. You are exiting teenage now and you will need a computer for studies, work and research, so I don't find it to be a wise decision at all.

Best to talk to your parents and assess your financial and educational condition before taking this step. Bitcoin can wait but your education needs to be completed in time.

I find this very funny! If you receive $100 monthly from your dad as your upkeep money and you don't need to worry about feeding, isn't it wise you invest let's say $50 every month, and within a year you've accumulated $600 worth of Bitcoin without inconveniencing yourself by selling out your computer system.?

Except you don't need the computer or you have an alternative one you can be using, I don't think that it's a wise decision to make. I know that some investment requires you make sacrifices before getting the capital you need to start up the investment, but why stress yourself out when you have an alternative that is smart and feasible enough?

There was a time where I do believe that having a computer gets you closer to Bitcoin, you have run a miner on that thing and also a Bitcoin wallet, today it's not possible anymore, only running a Bitcoin wallet is possible, but I don't joke with information online, very important if you are new to crypto.

See, the thing is if you don't have any use for that computer you are free to sell it for Bitcoin, but if you have some skills you can end up using that computer to make money and start buying Bitcoin with your computer still yours.

If I am just starting out, I will prefer to use that computer to learn a lot of ways to make money in crypto space, running a airdrop platform is far more easier on a computer than on PC, or creating a content, that computer have some good use but the choice is yours in the end.

As far as I know computer or mobile phone is very important device for a person and that important device you want to earn bitcoin by selling. I have two computers and I am planning to buy one more computer, for investment you will sell computer but after investment you will use this computer for market analysis. Since you have decided to sell your computer and invest in Bitcoin, it is assumed that you do not need a computer for the time being and you will be able to meet your needs through mobile. If you really plan like that and if you can sell your computer for $600 then you can sell the computer and invest in Bitcoin if you want. Advice for you would be to not get busy after investing in bitcoins or try to hold for a long time.

Despite the fact that Bitcoin has proven to be a good investment over a long period of time, if someone does not understand much about how it works, they will hardly succeed in their Bitcoin investment because of the challenges they may face in the market before making the profits. I don't really know much about your knowledge of Bitcoin and cryptocurrency, but from your writeup, I think you are new to the cryptocurrency industry.
 
Selling property that is useful to you to invest in Bitcoin is not something that makes sense because there is no assurance that the Bitcoin you want to invest will surely bring you profits and plans with time. As a 19-year-old person, I believe you are still a student, and as a student, I believe you need a computer to do certain things. Just imagine you sell your computer now and invest the money in bitcoin. When you need a computer, Bitcoin is down in price. You will surely regret investing in bitcoin, and you may decide to even sell at a loss to get money to purchase a new computer. So it is better to invest what you can afford to lose; don't invest more than you can't afford to lose because the profits you are thinking you will make may never happen when you plan it because it is hard to predict the Bitcoin market.
 
So far, you are getting $100 from your father every month. It would be better if you started using the DCA method to invest in Bitcoin with what you could afford every month. It will really be a great help, and in a few years, you could have invested a reasonable amount in Bitcoin. Do it gradually. The cryptocurrency industry is not about rushing to invest; investing according to knowledge.

If you are already getting free $100 from your parents for your personal use and you have been using that amount to buy BTC for the past few months now, what then do you have to sell your computer in order to buy more BTC?
 
By the way, the computer you plan to sell in order to raise money to accumulate more BTC—what use is it to you, or are they just some old computers that you guys have in your house and no one is making use of them? If so, then it will be a good option to sell them off because, as time passes, so does the value.
 
But if they are your personal computers that you use to run your daily work, I will advise you to keep them intact and don't make any moves about selling them off because nothing too positive might come out of that.
 
Don't get too carried away with the way the price is moving up this period. You never know what will happen next. Although the chart is looking all positive, it's not really worth losing something very valuable and useful just in order to buy more of it. You will always have a chance to buy more bitcoin.

It's weird to me too that OP is always asking all this stuff but then again, I was probably like him too back when I was still a newbie in bitcoin and cryptospace in general, I ask questions and hope that others can weigh in on stuff that I haven't thought of which isn't a bad thing, I feel like berating OP for asking questions and starting an introduction is a bad thing because this message somehow discourages OP to some level and if you think about it, OP makes us feel important because he's asking for our opinions to decide on what to do next. From what I can get and understand from what OP said, I think that he's in a good standing in terms of finances because no one from South Korea would just be casually putting 100 dollars of monthly allowance into investing into crypto so I don't think OP is having a problem with money in cases of emergency.