Topic: Looking to sell a computer to raise money to invest in Bitcoin. - page 5. (Read 574 times)

If you don't have enough knowledge about bitcoin or crypto currency then you are doing the wrong thing because it looks like you could have lost money selling your computer but you have a good head and you could have made some profit in this case. Because cryptocurrency and Bitcoin is such a platform where many people own a lot of money and many people lose a lot of money here without proper knowledge you will never be able to profit.

Well, it still depends on you. If you are using the computer for your study, because I assume that you are still studying at that age, it will not be a good decision to sell your computer. You need that to do your homework or anything related to studying, and if you are also using the computer for investing, like analysing maybe the market or whatever, then better keep the computer and just use the allowance you have. You don't need to rush; it's okay to do it little by little. But if, for example, you are not really using the computer, then that's okay. I'm sure you have a smart phone, and now a days smartphones are powerful and advanced, so if you need something to use to learn anything about investing or crypto currency, bitcoin to be specific, But the decision will be yours. I know you know how risky bitcoin investments are; if you happen to sell the computer and end up losing money because you did wrong in investing, then it will be a regret for you. Of course, I hope it didn't happen, so good luck on making up your mind and good luck with your investments.

If you don't need a computer, you can sell your computer and invest in Bitcoin. If property, land, gold were anything else I would have considered selling. Here you don't need computer much and can do some computer work with mobile so sell your computer and invest bitcoins. Also since you are 19 years old here you can earn money doing some work and invest 50 percent of that earnings 30 percent bitcoin I think your bitcoin investment will be much easier.

When investing, do you want to get results quickly? In fact, it's not worth selling goods, especially computers, which you will most likely still need to invest in, because actually the best investment is to use cold money. but if you want to speculate and dare to lose your money because there is no guarantee of profit, then it depends on your final decision, considering that it could be that your money will grow in the near term or even disappear because you are not strong enough to hold back mentally.

It is good as understand how curious you are because you want to keep accumulating Bitcoin setting a setting a pace for your future financial stability.
This is Bitcoin investments we are talking about here @ OP and don't be filled with the emotions that people have accumulated more than you do or people have an accumulation budget and you want to meet up with them.
Yes, it is not right settling for less but don't sometimes we get to be contented with what you have got in the main time.
If you sells your laptop today simple because you want to more more and accumulate, what do you tend to sell tomorrow for more accumulation?
Otherwise, I will advice you check yourself out maybe you can set monthly Bitcoin accumulating budgets with your $100 for your personal up keeps. This would even assist your budget plans stably in increasements with no disruptions.
However, also consider the valuabilities of your computer if its useful to your personal aids then you do have to sell it but if you verily knows that yeah, this computer has been all time useless and a exorbitant with no tangible potentialls, maybe you can sell.

Just bear in mind that it is trading wise if an investor all sells what is not needed and valuable to the sake of his established business.
At OP, I have this thread link for you that is discussed about " Only sell what is not useful or valuable considering to power your investment".
https://bitcointalksearch.org/topic/m.63240384

“Invest what you can afford to lose” and right now I think you’re investing more than you can afford to lose. Just as a post above started, you’re becoming too obsessed and very soon everyone will start to think that your post are all made up.

If you continue buying little by little with your $100 you’ll surely be able to accumulate enough of bitcoin that you might be satisfied with, sincerely do not support the idea of you rushing to buy all at once by selling your computer. You could put the computer to a good use and you might be lucky enough to be able to generate more cash from it for your investment.

P.S I think it’s high time you stopped using “I’m 19 years…” intro we’ve heard it several times and it’s not doing your post any good, just exclude it and post normally we’ll get your message.

@OP, what's next?

I am 19 years old Korean boy and I want to sell my kidney for $250,000 to buy Bitcoin, then I will wait for the bull run to sell it and will buy my kidney back, do you think it's a right decision?

Don't invest in Bitcoin with money you use for daily life or you're still struggle in financial, just use only amount that you don't really need it or don't know what you need to do with your money.

You are 19 years old, and your dad gave you $100 for spending. You now divert it to a bitcoin investment. Did you stay at home without hanging out with friends and others? This seems to be a fishing story. But let me just say what brought me into your thread and move on. However, with the $100 you are investing, can you afford to lose it? Because by your age now, I think you should be using that money to do other things, like buying clothes, flexing, and other things to have fun, even if you will invest not all the money, I guess, so if you know you can’t afford to lose your complete allowance, invest the amount you can afford to lose because bitcoin investment has risk.


This is up to you, man. You will be the one to look at how useful the computer is for you because it seems to me that you want to rush and invest in the market when you see the price is increasing. Don’t do that, man. That is not how it works. You need to be prepared for a long-term investment. $100 you said you were investing can be enough; you don’t need to sell your assets. Or did you think $100 is still too small for your investment? People invest less than $100 and gradually accumulate some amount of bitcoin, so I think you should invest with a plan and don’t rush.

I assume that the desire to sell your computer to invest in Bitcoin is propelled by FOMO. Computers have become an essential need especially if you are active in the crypto space or deal with online platforms. If you have an alternative computer and don't need the one you want to sell, then it's not a bad idea. But selling the only computer you have to buy Bitcoin might not be a good decision because you could use the computer to make money from online job platforms and the returns could be invested in Bitcoin. You don't have to be in haste to invest because Bitcoin will always create opportunities for people to invest.

Don't also assume that buying $100 worth of Bitcoin every month is small money because millions of people earn less than that amount per month. I suggest you keep on buying using your DCA pattern and focus on keeping it for a long time. You will be surprised how much you have invested and gained in a few years.

Without having more data, it doesn't seem like a good idea to me that at 19 years old you are obsessing so much about it. That $100 that your father gives you should be spent on hanging out with friends and your girlfriend, which it looks like you don't have, and if you don't have a girlfriend, at least try to pick one up.

If you don't spend anything, and the little you have you want to sell it to invest in Bitcoin, it looks like you spend the day at home, and that doesn't seem to me a good plan at all with 19 years old.

It's not bad if you dedicate a small part of what they give you to invest in the future but at that age the biggest ROI will be in studying something usable in the marketplace. When you have a good job you will be able to invest regularly.

As far as I know, you are old enough to be able to find a part-time job, and the salary in Korea, I believe will not be less than $600. So think for a moment, is it necessary to sell your assets to participate in a market that you are not sure if you understand, or are you just feeling FOMO following the recent price increase?
For someone studying and working in this era, I think of computers as a necessary tool to help you solve many problems. And some members also suggest using computers to learn about this market and find investment opportunities without spending money. Of course, you need to invest your time and knowledge. Think carefully and be aware of your responsibility for your decisions.

I think those are some very bold decision-making steps you are about to take. First, you are using from the allowances you get from your dad to save a part of it into your Bitcoin and now, you want to take the step forward, to sell your PC and invest more on Bitcoin. I must admit that you're a bold young person and I admire you for that.

However, you also need to look at how useful the computer you are selling is to your financial life. Can you regard the computer system as an 'asset' or you see it as a 'liability'. If it is an asset, then I will advise you not to sell it yet and have a deeper thoughts about how it serves you and whether it will affect your income or earnings or not.

If it doesn't, you can go ahead especially at this period that we are likely to enter soon which is the bull run period. But please, don't be greedy and always investigate the market trends heavily before taking those bold steps.

What do you use that computer for? If you're using it for your school and such and you are also doing some side hustles with that work then wouldn't it be counterproductive for you to sell that? I mean you could probably do more work with a computer and get more value out of it than just selling it and buying bitcoin right now and waiting for bitcoin to go up in prices, that 100 monthly investment is already a good number to put in bitcoin so don't be too hasty, you might want to leave some money for yourself in cases that you need a quick cash, it's going to be a problem for you if you were to have an emergency and you don't have a quick cash to pick up and you end up having to take some in your bitcoin stash.

Honestly I would keep the computer and learn how to code and write smart contracts, etc with it and just use the $100 allowance you get to buy bitcoin.

We don’t want you selling your computer and then bitcoin tops and you get regrets selling your computer. You don’t need to invest large amounts,  Nothing wrong with starting small.

Also make sure you use a hardware wallet or some type of cold storage setup. There are a lot of hacks and scams out there and your crypto might get stolen.

If you don't need that computer you are selling then okay, but if you don't have any other computer to use and you decide that the proceeds will be invested in bitcoin, i think it's a bad idea. Just explore more, there's plenty of opportunities online where you can earn bitcoin without investing, by using your computer effectively, of course with internet, you'll be able to make that as a tool to accumulate/invest in bitcoin.

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?