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

I agree with you on this matter. Any one who has a laptop or Desktop with internet connection can develop a skill can make money selling that skill.

I thought for a person who is from South Korea which has the world's 12th strongest economy can save more money. Anyways I wish you good luck for your bitcoin journey. If you can save $ 1000 you can do spot trading and save money money. however you have to study trading before jump into the Crypto trading.

If you're getting a monthly allowance then I don't see a quality reason that's worth selling your laptop. You need laptop in the modern world, use that laptop and learn a skills that can fetch you more money instead of selling the laptop. Don't get too over excited and invest more than you can afford to lose in the market, selling your laptop might come with regrets. Manage that allowance and allocate more to investing in Bitcoin when you get other side hustle that gives you enough money to support the allowance. You're fortunate to have allowance so you don't have any tangible reason to sell your laptop unless you have multiple ones.

The laptop can be rented out to your friends and it gives you some income to support yourself. Selling of gadgets should be the last options when you don't
have ways to raise capital for your investments. There are many opportunities that you can use that laptop to benefit from so I don't support you selling it but this is just my own opinion since I'm not directly involved in this decision I might be wrong with my opinion so just take a moment to rethink and do what you feel is best for tou. You won't regret buying Bitcoin (that's a fact) and if after buying the market keep dipping then you have to exhibit patience and keep hodling.

If you have an extra pair of laptops and they're laying idle around the corner in the dust, then I might think of selling them. But if it were your only device apart from a smartphone, then no. You shouldn't sell it. And by your estimated selling price, I imagine it's a high configuration device. So I wouldn't want to sell it. $100 a month isn't that bad either. You are only 19 and have already started investing in bitcoin, that's a good thing. But that doesn't mean you have to start selling your stuff. Specifically speaking, electronic, stuff. Maybe if you had other things like jewelry, you could sell those. If I were in your place, my straight answer would be no.

I like this future thinking of OP. At least it goes to show that he already acted on owning some amount of BTC before considering to sell of his computer to get more.

Had it been Op was a trader rather than HoDLer, it would make more sense to sell and trade with it, supposing he is already so good at it. If the laptop is not of importance right now, and with the plan he has to invest, he may buy more than one upon liquidation, so I can support his idea to sell the laptop, unless he can continue get a part time job like you said and invest by DCA strategy till further notice.

Frankly speaking, in this era of technologies, even though people are now using their mobile phones to do loads of stuff, i consider a system very importnat and relevant and whether it has become of great use or not, it is necessary to have a system as its use might be required urgently in some cases. Selling it is not an option for me except in cases of an upgrade.

There are loads of ways to earn rather than dispose a system, other properties of urgent need can be disposed instead. ou can deploy your skills to use and get paid and then invest, this is also not new.

Why? Are you and your family going through a financial crisis and you don't want to see your future being that way? If that's not the case, why hurry? You are just 19, and at such an age, you should be more concerned about your studies and work towards building your career which is the most important thing for your future. Investments are good, but it doesn't mean that you should start focusing on financial aspects from such a young age and start spending your pocket money on investments instead of buying refreshments or spending some time with your friends at a cafeteria sometimes.

If you are telling the truth and you are just 19 years old, I would suggest you not stress yourself out this early. I know Bitcoin is a great innovation and you might find it fascinating, but I wouldn't suggest you start selling your personal properties only so that you can invest more money in Bitcoin. If you can, without disturbing your personal life, invest even half of what you get monthly on it, that should be enough as a starter.

I don’t understand what you mean or what point you’re trying to make. Does one need to be a hacker to buy Bitcoin? Isn’t it something that almost anyone can do? Everyday new people sign up on Binance and some other popular exchanges, and they may be using a tutorial or just navigating by themselves, but they sign up and buy Bitcoin. So, it’s not difficult. There are countless guides online and some people even get it done without these guides. And then OP, Buying Bitcoin even at $60k isn’t late. Even if it’s when the price is $55k, you’re free to invest because trust me, someone definitely said it was late when the price was 10k. I guess we’ve seen how late it was indeed.

If you have another computer then selling it will be okay but if you don't have or you still want to use it then I think you shouldn't sell it. There are other ways you can earn using your computer like editing, coding and more. Since you have allowance which is $100 per month but if you keep it by buying Bitcoin and keep it safe then you will have more than $100 after many months. You may think it will take longer but if you don't think about it too much then you'll be surprised as time passes. If I think about it, it feels like yesterday when the truth is it that it already is December (how time flies fast). You can apply for a part-time job since you're old enough to find one and get accepted.

Are you sure that you're not going to need that computer for the next coming years? I've got an old computer and never thought of selling it because I might use it or maybe anyone from my family and that's why I've kept it and I was not wrong at all, I'm still using it this time.
If you have $100 for your personal use, much better to use that and DCA monthly but are you again sure that you're not going to use that for anything you need? If you have a delayed gratification attitude, just DCA monthly with $100 and just continue what you've been doing. Don't look at how small that money is but look at your monthly progress and the discipline you develop.

But could you ever think how much he could possibly earn if he use his computer on multiple online gigs? For sure he will get much better result by enhancing his skills and attend online seminars on anything can help him grow as a online freelancer. Investing on bitcoin can make you earn limited amount but if you use your computer in much wiser way for sure there are many things that you can benefit on. Maybe OP just got FOMO on situation happen on bitcoin so maybe he need to think more than that since selling some thing just to buy anything he think beneficial to him might get negative result in the end.

Nothing wrong for thinking to invest bitcoin but also we need to be smart thinking more convenient way to do it since if we really can't afford to accumulate now well we can do some other thing and investing on ourself to get a lot of knowledge about everything about crypto will result good to us in future.

If you do not need the computer then why not?  It is a wise decision to sell the computer and buy Bitcoin from the sales because the computer deflates in value over time since the release of new technolgy now a day is constant so sooner or later your computer specification will be obsolete compared to new releases.

It is a good thing to know that you started accumulating Bitcoin and as of now, I bet you are in profit due to the current surge of BTC.  I think it is a good move if you continue to accumulate because if this is already a bull run, we are just at the beginning of the phase.  We can expect higher prices as this bull run continues.

If the computer is no longer used or you don't really need it anymore, it's actually not bad to sell it and convert it to Bitcoin. The computer is not used and then breaks down quickly. then this would be a pretty good path. But the problem is, if you still need it, can you do it without your computer? Is there an alternative if you need to use a computer? This also needs to be thought about more wisely.

Hopefully whatever choice you make is not just because of FOMO. And hope that the investment is under control and it is not easy to panic if something unexpected happens one day. If you really understand not only the benefits but also the risks of investing in Bitcoin, then do it. If you are still in doubt, then postpone it and think wisely.

Of a truth the strategy used by OP is a good one. Possibly he might be getting it for his upkeep or so and I believe he might be from a well to do home if he can be receiving that amount of money, it is something worth it. OP just have plans for his future by investing in Bitcoin and I must say he is smart.
However, like I said initially, selling his laptop is not a wise idea if he has a second laptop and is no more using that laptop then I have no argument with him but if he does not have a second laptop and want  to sell the available one, then I really do not think that is a wise idea for him to embark upon .

That computer will be very useful to you since you are still a student, so I don't agree selling it to add more funds on your investment. I suggest you focus more on your studies, not on your bitcoin investment. It can actually wait until you get a stable job and you will be more capable to invest and will not worry anymore if you end up with losses. Bitcoin is an investment, it won't always guarantee that investors will always end up with profits.

Learn to invest with caution. Do not risk with a bigger amount as you are still not free from losing in the end, but only invest on the amount that you are comfortable losing.

You don't have to worry fM. Apparently, he is living in South Korea, or at least that's what he said in previous posts in other threads.

puradak, you have received many different answers to your question. I'm curious about what you think and finally decide. Welcome to the forum and good luck with your exams.

You can as long as you don't need your computer anymore, otherwise you will regret selling after you lose. But let me ask you, why are you in hurry investing in bitcoin, so you won't miss the bull market? That's a wrong mindset. Never invest on the money that you can't afford to lose but always invest on a small amount that you are okay to lose. I think investing with $100 is fine enough.

Just sell your computer for emergency purposes. Don't do it so you can invest. Bitcoin can wait, but emergency cases can't.

as a student, the main thing you have to do is actually focus first on your education, secondly, you have to think long term which is best, is selling your computer a good thing?  a few years ago i was also your age and at that time i worked part-time in a supermarket, maybe you can try doing that ^{(working part time)}, while focusing on your education, you can also focus on your investment in Bitcoin, you yourself have to plan your life, we can only give a little advice for you to understand.

A series of events when Bull run arrived, there were indeed many events that were almost the same as those told by OP.
Even some people I know are willing to sell their Cars, Motorcycles and also a piece of land belonging to him to get into Bitcoin When FOMO Bull run arrived as it is today.

People started flocking to get into Bitcoin with the aim of profiting from the halving that would trigger a new ATH.

Selling real assets to buy Bitcoin should also be thought about, because it will be your own responsibility.
Buying impulsively without any analysis does look sloppy, because seeing how the price is too high because there will still be corrections to follow.

The madness that will only happen on Bull Run Season, maybe people who are too crazy will sell their Kidneys for Bitcoin LOL, it will look extreme.

While the potential for Bitcoin's future appreciation is enticing, your situation requires a nuanced approach that balances long-term investment goals with immediate practical needs. Selling your computer, your primary work tool, solely to invest the proceeds in Bitcoin might not be the most prudent decision. Selling your computer could negatively impact your work and studies, potentially leading to reduced income and academic performance. This, in turn, could hinder your ability to contribute to your long-term financial goals. The time and resources spent finding and purchasing a new computer could have been utilized for additional income generation or personal development activities. Instead consider using your computer to generate additional income through online work, freelance projects, or creative endeavors. This could provide you with regular income while allowing you to retain your valuable work tool.

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.


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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?