Bitcoin Forum

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We know gold is very precious metal, but Bitcoin is much more expensive than gold. Bitcoin will cross $100k after halving in 2024 ie if I invest $3000 in Bitcoin now then there is a chance of getting 10x after 2024. If I get $30000 from investing $3000, nothing can be as valuable as Bitcoin. I explained this formula to my wife at night and she was not willing to give me her jewelery at first but today she told me by herself that you can sell my jewelery and invest in Bitcoin. At present I am forced to sell my wife's jewelery as I have no fiat money.
I seek advice from expert investors/holders/users of this forum,,,,
whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?

Your decision is good by selling your wife's jewelry and invested in Bitcoin but can't guarantee with your investment $3,000 will increase up later due not stable price from bitcoin could be up or down. Depend with gold or jewelry I think Bitcoin is best investment assets but looking on stable and without any inflation gold or jewelry investment is worth option.

Lets waiting until 2024 with $3,000 investment how much increasing up, will you earn double profit one years later or Bitcoin price keep stable due your decision with long term investment.

First of all, its not a smart thing to share image of your wife's jewelry (some pieces stand out quite a lot) because you never know who is reading this.


There is no guarantee that bitcoin cross $100k in 2024 and if you are saying this to your wife, you are basically lying to her and I don't think that's smart thing either. Did you ever consider scenario in which bitcoin stays at these levels or even go below for the next few years, how you gonna explain this to her?


And who exactly is forcing you?


Selling your own jewelry is another thing but asking wife to sell hers doesn't make much sense to me.  Even though I believe that it will worth much more in the future than it is now, bitcoin is still high risk investment and I wouldn't endanger relationship with my wife in case things go south, which is always a possibility.

Remember that no one knows that bitcoin will reach $ 100k in 2024 after the halving, don't overdo it on unclear expectations, even though we think bitcoin is the best asset, but you have to remember that it takes a long time to produce better, while in 2024 there is only one left another year because we don't know how bitcoin will go up or down.

You sell gold jewelry because you don't have fiat money, so this is an emergency for your needs, so sell what you need, the rest, let it be your wife's savings to have gold, even though I know gold is a stable price compared to bitcoin, which has a risk high but keep coming back to your decision.

The two statements above certainly have different specifications, some say more gold or better bitcoin.

But I still won't sell gold, bitcoin will still be held while I can still look to continue adding to it.
I certainly have long term hopes for bitcoin.

No problem, I might sell all my wife's jewelery in a day or two.Talked to two customers and they agreed to buy jewellery.

It was only necessity that forced me to sell my wife's jewellery.
In 2022 I lost a lot on several investments, most notably $4000 worth of cryptocurrency during the Luna crash and $1500 worth of crypto during the FTX bankruptcy. So right now I don't have enough liquidity in my pocket to invest. So I am forced to sell my wife's hobby jewelry even though it is very difficult.

You are very confident that you'll earn a profit even if there are risks. We know most of the halving that happened in bitcoin is pretty good as the price went ATH, but we are not sure if this halving is the same. We are not 100% sure that the price will reach another ATH. What if it's all time low? What I would suggest is that you just sell off one-half of it to be safe, or only what you can afford to lose. Try to think and learn about the risk of investing in bitcoin, as we do not know if you will lose your investment.

I hope your wife is okay with that!
If she is, I think you can sell it and invest in some crypto. Considering that we are now pretty low in the market, you will earn 2x, or 3x in a year or so.
I always thought that all this jewelry doesn't really important, what is important is real money and technology.

In my perspective this act of selling jewels defeats the first act of save investment into bitcoin. From your past experiences of cryptocurrency losses I could say you’re more or less a panic trader who focuses on making huge profits and not calculative of the losses you could encounter. What happens after selling your wife’s jewels and the pre determined profit wasn’t achieved, wouldn’t that prompt you to sell another asset?
Excessively selling properties for bitcoin investment will only make you loss more as you will not have the patience to bear the losses in bearish period. In as much as spending on jewels excessively is bad we can’t deny our selves the luxury of having them too because fashion is still key part of our lives

Invest what you can lose

With the way you presented the topic to your wife you made it seem as if there's no risk involved if you invest in Bitcoin. ×10 by 2024 is not impossible but what are you going to do if the price of Bitcoin doesn't get to that and instead the opposite happens? Did you talk to your wife about it also? Will she be able to handle losses if peradventure it occurs.

If I were in your shoe I wouldn't sell all the gold I would have sold part of it and keep the rest for emergency situation since you stated that you don't have enough liquidity right now in your pocket.
Remember your own assets and investment is different from when you're helping someone invest.

No risk no gain...
Yes we all know investing in Bitcoin is very risky. Investing not only in Bitcoin but in all cryptocurrencies is extremely risky. But I believe 100%  that Bitcoin may double or triple from ATH after halving day 2024. Moreover, after 2021, the entire year 2022 was a bloody chapter for Bitcoin. If the Bitcoin market does not grow in 2023, I strongly believe that after the halving in 2024, the Bitcoin market will exceed $100k by 2025. I made my decision based on this belief.

First of all your wife should be OK with that. Then you have to be aware that the chances you'll ever buy back the exact same items is slim.
This being said, jewelry usually fits in "what you afford to lose" and bitcoin price is indeed expected to rise greatly (with the note that reality may or may not meet the expectations).

I would not do that, but I don't buy too much jewelry either - we don't keep more than what my wife wears - however, if my wife would keep some piece(s) for the memories they bring, I would probably not sell them for Bitcoin.
Still, it's your choice and I wish you best of luck! (which would mean bitcoin price rise greatly; something I do like to see.)

Oh god, OP. I also advise you to sell all the clothes of your parents and children, then sell your car, house, and everything else that can be worth something to buy bitcoin.
You can endure a year after living in some kind of kennel because you are sure that in exactly one year you will become rich.
But seriously, I'm sorry about your wife.
If you believe in God, keep in mind that "you cannot serve God and mammon," and you may have created a new religion for yourself.  >:(

Whoops, someone is going to sleep on the couch today ? :D

Why do you write that you are forced to sell your wifes yewelry? Does she insist on it? Or you are short in cash for everyday expenses. To be honest, those items on the picture does not look like they worth 3k. Id say that they look more like a bijouterie ;D

If I were you, I would not sell them. I think you should invest in bitcoin only your money, not the money of your wife. If she does not wear them, sell them and buy something else. Right now it looks like you have infected her with an idea of easy money, now she forces you to sell them, because she already have plans for those 30k, and you dont know how to get out from this situation, as you are not sure 3k will turn into 30k (or even many times less) in 2024.

This of this - if your plan fails, you will 100% get divorced and lose half of what you have. As she already know about bitcoin (in general), she definitely suspect that you have already bought bitcoin. And it does not matter if you have bought it @ 50k for example. She wont take half of your bitcoin holding, she will take 25k.

You screwed up completely with investment my friend :D

 X10 on 2024 seems delusional target for a 1 year time span. The current price of Bitcoin is 23K and Bitcoin price needs to reach 230K to get that target profit of your which is almost not possible for next year target.

Your wife jewelry is her belongings and you should not sell it just for your personal inventory since there’s no guarantee that price will move on your target way. This is insane idea because your wife jewelry is not an investment and you should not value it as the price of gold. No one buy jewelry for investment in the future.

If I do this to my wife, I’m sure that I’m dead already.

Gold has its own worth and gold price is going sky high these days. Its not advisable to sell gold for investing in some other sector like bitcoin. If you have extra money then go and invest in bitcoin rather its more profitable to invest small money but regularly in bitcoin. To me investing 50$ per week or 200$ per month in bitcoin is more worthy then investing 3000$ at once.
If you have gold in the form of jewellery then keep it for future use. Your kids may be benefitted from this asset in future.

Sorry about your losses. But if you see this step you want to take now as a way to recover what you have lost, then you may be doing the wrong thing or investing the wrong way, before buying BTC, you must understand what you are doing and for how long you intend to hold, from your calculations you believe by 2024 you would "cash out", but what if you have to wait for much longer, can you hold on and still manage to foot your bills. Considering the amount you said you have lost in just a short time, investing too much into BTC is a bad idea, you can slowly buy BTC through dca.

From the 'moral' side of things, convincing your wife to sell her jewelries so you could invest in BTC is wrong, and i am sure you said it to her in such a way that profit is sure by 2024, try explaining everything to your wife perfectly, including the risks and see if she would affirm to the decision any longer.

I just saw you explaining profits to your wife, and I didn't see you mention the risks that bitcoin can bring to your wife. We all hope and expect bitcoin to hit a new ATH in the upcoming bull season, but no one can guarantee it, it's all just a prediction. So you need to be more honest with your wife talking about the risks of investing in bitcoin, her gold could be lost. If she still wants to take that risk, you can sell gold to invest in bitcoin. Don't forget the saying: invest as much as we can lose.

Yeah I'm on the same opinion with you that since the wife agrees with selling then it's fine and ok but I'm sure you know that just as you're expecting to make some profits, there are also possibilities of making serious losses as to blowing your account due to the high volatility of Bitcoin?
I'm sure you know of the risk involved in owning digital assets.
On the contrary of jewelries not been important, I think jewelries such as gold and silver and also diamond are as important as crypto and they also serve a two way job as an asset and also as dressing accessories that can also boost ones status in his society.

For me necessities are food/utility bills/rent/medicine etc and not investments in high risk assets but to each his own.

Anyway, I wish you luck and I hope that you explained your wife the risks and not just "easy 10x" part so you don't have issues down the road if for whatever reason bitcoin doesn't perform as we hope/expect it will.

Some Jewelries are very expensive when sold because they can retain their value and still have second hand value if you wish to resell. As a matter of fact, most celebrities that you see buying and wearing very expensive jewelries, wristwatches etc. consider the jewelries as investments that they can always sell in the future should they need money. That is why they never really see buying original expensive jewelry as a waste of money.

Selling your wife's Jewelry to invest in bitcoin is a good move before the jewelries are lost to theft. I think every one should put this strategy to consideration, those looking to increase their investments in bitcoins and happen to have some valuable jewelries that they do not wear very often again and has a good second hand value. You can consider selling some off and invest in bitcoins.

I see you have changed from 2024 to 2025 ;D nice one.
Very soon you'll still be creating a thread on how newbies should avoid selling their assets to invest in Bitcoin it's only a matter of time if you fail to heed to advice and treat what you're about to do with utmost care and caution.
True, no risk no gain... but is your wife ready to take the risk of losing everything? How is going to respond when you reveal to her that your the investment didn't go as planned?
You should try to invest what you can afford to loss not all that you have.

If you can be 100% sure of that, then you should think about selling your house and all your assets to invest in bitcoin because in your opinion, in just 1 year, you can buy 3 homes. I cannot support this decision of yours, it is not advisable to sell the property for investment while it is your wife's favorite property, and I hope it is not the jewelry you gave her on wedding day. Think about the risks you face if the investment doesn't bring the results you expect, if you pay with family happiness, it's not worth it.

No, this is a stupid act. I wouldn't do this kind of thing to own bitcoin. Invest with the money you have, don't force circumstances that will make you worse. Bitcoin is uncertain, too risky to spend your wife's property. Crypto investing is not as easy as what you say to your wife. There are some things you can't expect.  Indeed, in calculation, Bitcoin has a better investment value than gold. But Gold is an investment that has been recognized by the world as not too volatile in value. So, if I you I wouldn't do that.

To me it does make sense a lot, I know gold have value but bitcoin have more value than Gold. I understand the reason she insisted not to sell her gold at first, maybe it was more of fashion to her. She took a Greet decision with you to choose to sell her gold, because it will definitely hard more value if she hodl bitcoin,  and the profit from bitcoin can be use to acquire more gold. You have done very well, it is not  easy to convince people to sell what they like for something else.

The general rule of investing is still to diversify. Gold and precious pieces of jewelry are also good investments. But considering how bitcoin price performs over the years especially during and after the halving year, it is also very tempting to go all in. Since last year I've been contemplating of selling my house so I can invest maybe half of the proceeds in bitcoin. $100k is very possible for bitcoin. I would rather stick to that target if you're investing an amount that you cannot afford to lose. x10 is also possible but we never know, that needs a lot of money to inject. Good luck OP. And if your wife becomes impatient, you can cash out a portion that amounts to your capital and keep HODL'ng the profit until it reaches $100k minimum.

I have the same opinion as you, the OP still hasn't explained what short-term or long-term risks can occur in Bitcoin investments. When the OP explains the 10x profit that will be obtained, then he should also say that the risk of price fluctuations will be very influential. The decision to sell all of his wife's jewelry may be a personal decision and has been realized by both of them, but it is better to do financial management for the amount of initial investment you want to make. We don't know where the bitcoin market will go. It is possible that the market will crash below $20k again, or hit another high in the last few months. It is necessary to carry out investment planning so that the intention to hold on to bitcoin does not become a new problem which will then be withdrawn due to a sudden need to make ends meet.

It's better than borrowing money from others sources or taking loan from banks. OP As you are in financial crisis, you should analyze well and sell your wife's jewellery. Maybe your wife, due to the extra greed that you have conveyed to your wife, may agree with you and suggest selling the jewellery. You sell your wife's jewelry and invest in bitcoins but if there is a chance of loss instead of profit, can you buy your wife jewelry as a hobby? Also if you are getting good profit from your bitcoin investment then you should make your wife double jewelry.

Is it a real necessity or is it just your passionate desire and it's based on belief? It's good if you understand the risks, but if your initiative is only to get community recognition, sorry it's not cool at all. I shook my head knowing you forced your wife to do this.

That isn't a routine price increase, scenario sometimes misses the usual.


What crazy stories will I read next just to invest in bitcoin?

Whether this is a good move or not is up to you. There are no guarantees whatsoever regarding profits and losses in Bitcoin. If indeed your wife agrees with this and wants to test her luck in Bitcoin, no problem. But do you feel that your wife without jewelry will not be seen ........? Sorry in this case I also have a wife but she also has Bitcoins in her wallet. She's only DCA every week of her spending money leftovers, but her jewelery has another role to play for her.

The point is the process by which he knows the movement of Bitcoin and how the process of increasing for the sake of increasing occurs. I let him learn on his own so he gets to know Bitcoin gradually. If I were you this would not do. Isn't it better to buy at different times (DCA) so that the benefits are more diverse. If purchased directly in undivided quantities, fortunately only 1 time.

I feel bad to your wife because she is love you and she has no choice, so she let down her ego and allow you to sell his jewelry especially you're saying you was force her. Bitcoin isn't expensive, you can buy Bitcoin in fraction and it's only your prediction if you think Bitcoin will reach $100K in 2024. Selling your wife's jewelry isn't a good thing to invest Bitcoin, you need to make her happy too.

Maybe math is not your strong point, but if you are already doing calculations, then you should know that the x10 profit you are talking about now means that 1 BTC should reach around $240 000 in the next two years. I'm an optimist, but I think it's still a bit too much to expect, because even $100k will be the point where many will sell all or at least part of their BTC.

Besides, I would never sell my wife's jewelry unless it was a matter of life and death, because sooner or later she will start complaining about it, and if by any chance you lose money, you better not appear in front of her. In the end, ask yourself if you have any luck at all in such matters, because it seems that you are in a losing streak that you are trying to end with one not-so-safe move.

I find you and your wife's situation quite funny for some reason but I will you the benefit of the doubt hehe. There are people who sold their car to invest in bitcoin before the last bullrun and some fortune so it's probably not a bad idea to sell and buy before the next halving. I hope you also explained the risk so she's also aware that it's not a guaranteed profit. You don't want her nagging you when things go south.

I didn't expect such a turn of events on the forum and I will never believe that a woman, under any pretext, agreed to give up her jewelry. It's just unimaginable. :)

It is usually quite the opposite when the wife pushes bitcoin to sell in order to buy her jewelry. But your case seems to be unique. :)

Experts will now advise you differently, but the consequences of your decision will affect only you. Advisers will not incur any material risks. Therefore, it is only your choice.

If your forecast is confirmed and btc rises to $100k, then it makes sense to make this bet. But there is another side, that you will have to wait longer than 2024, or some kind of trouble will simply happen and there will be no growth. Here 50 to 50, either hit or miss.

The demand of people to invest in Bitcoin is increasing day by day and there are thousands of stories of people selling their hard assets like houses, cars, land, etc. to invest in Bitcoin.  I am still confused as to how reasonable it is to do this. Investing in Bitcoin is a good idea and has a lot of potential for profit, but investing in Bitcoin by selling houses, cars, land and jewelry or taking loans is not a very smart thing to do. I don't support them much but if you have extra money to invest then definitely you can invest in Bitcoin and hold it for long time.  But since you have already sold jewelery or decided to sell and invest in Bitcoin.  So use a good non-custdial wallet or a hardware to save your bitcoins. good luck

I assume you also understand the risks when investing in bitcoin as you have risked your wife jewelry on this basis.I am happy that you have decided to invest in btc but sometimes we go over as gold can help you in hard times but on the other hand btc might not land on your expectations of 100k by next year so it should not be a problem for you.We should always invest what we can afford to loose and in this case I don't think you have made investment based on this fact.So be prepared for loss aslo but your patience will definitely pay off in long run.

The story is very beautiful.  But I doubt that all the jewelery in your picture is made by gold and And they value will be at $3k. You should not have posted a picture of your wife jewelry. It would have been a more believable story if you had provided a block explorer link to the bitcoin holding wallet as proof of your purchased bitcoins  ??? I want to believe your story and give a Smerit but again doubt that the story you made up is completely true.  Because thousands of such stories are constantly being posted here :-\

You should better find own sources of income so that you do not have to sell your wife jewelry. In some countries, people consider jewelry as means of survival in bad times. Also, if you sell the jewelry , what will your wife wear in parties. She will feel left out among friends because of this. The invested amount is expected to give you good returns but there is no certainty about the amount of time required. If you develop new sources of income, you will have additional savings at the end of the month which you can invest in crypto and enjoy profits.

Gold is more stable in price that Bitcoin, I'll give the op that. And I don't really get the whole buying jewelry thing either because I don't appreciate jewelry and feel like it's something that catches unwanted attention if it's expensive or judgemental looks if it isn't. That being said, there are a few things you should note. I'm glad you asked your wife about the jewelry, but if she didn't like the idea before, maybe she still doesn't like it but agreed to make you happier or something. So maybe at least don't sell all of it. More importantly, I don't think you can realistically get 10x returns on Bitcoin in a year or two. It might happen, sure, but there's no guarantee and no reason it would go that high. The multiplier seems to be decreasing over time: Bitcoin went from $1k to $20k between 2013 and 2017, but only from $20k to $67.7k between 2017 and 2021. So maybe it won't be 10x or will get to 10x over a really long period of time. Just keep that in mind. The bigger the marketcap gets, the harder it is for the price to increase very significantly because that increase now means hundreds of billions of dollars in value.

Investing in bitcoin might be really tempting sometimes but we must really be wise enough what we are doing in order to buy bitcoin.
They say to invest what you can afford to lose for a reason.
If it is at a cost of your wife's jwellery then you must be wise enough you should do it or not and not ask others what you should do about it.
If you still proceed with selling the jwellery then I would advice to sell only half of it.
Diversify the investment so that half of it is in bitcoin and half of it is in gold.

In addition to your wife's Jewelry, you can decide to declutter your home and sell off properties and belongings that you do not so much require anymore to raise some little money more in addition to what you have gotten from the jewelry sales. Your wife  may feel bad if only her belongings are sold, so it will be good if you go through your belonging too and sell off something so it becomes that you both have made sacrifices for the future by letting go things that you love but no longer need. If you do this, you will be surprised how much more you will be able to raise.

Why do I have a feeling that you have done something crude that doesn't make sense? You selling the gold to buy Bitcoin is not the problem, it is a wise thing to be honest but doing for a cause because you feel Bitcoin price will go to $100k is something you shouldn't have never done. When you buy bitcoin, you are doing so because you feel it will appreciate in future and not because it will go to a particular price, what are you going to do when the price go to $95k, would you continue to hold or wait till the price hit $100k? You have to change that mindset of being a bitcoin maximalist, that is the advice I will share with you.

Hi OP, I apologize in advance but I may disagree if you sell all your wife's gold jewelry.
In my opinion, jewelry for a woman has its own meaning and value and pleasure for her to own gold jewelry, besides actually being an investment for the future.
I don't know, but from your story I think you don't have fiat money to satisfy your desire to invest. Not because of an urgent and important need at this time.
I don't know, but it seems that you are subtly forcing your wife to sell your wife's jewelry and use it to invest in Bitcoin and wait until 2024.
What if your prediction is not right?
But after all it's up to you if you want to take a chance with the risks involved.
Because you and your wife must have thought about it carefully and understood the risks and your wife has agreed to you.

Just be careful OP because that specific statement is not guaranteed, the prediction is just likely to happen but not really 100% where you can say that it's a guaranteed profits. There will be some instances that the bull might start running in 2025 and not directly take effect after the halving in 2024.

I guess it's the other way around my friend because you are the one who convinced your wife to sell her jewelries.

Yes, it's a good idea because bitcoin is more volatile than gold and yes, much expensive than the gold especially in the future. But please, do remind your wife that these things are not guaranteed as this investment is really a gamble as we really don't know what will happen in the future. But as long as you're not hasty, you will be blessed to reap some good juicy profits.

Just make sure that she is completely on board with what you are about to do or otherwise this could add tension to your marriage and your relationship with your wife, additionally make sure to not sell anything that has a sentimental value for her as even if the strategy that you are thinking on implementing makes sense, at the same time you are planning on selling that jewelry so most likely you are never getting it back even if you multiply your capital many times over.

Don't make your girl upset, think twice or take your time before selling them. All I know women do have emotions when it comes to their jewelry. Those jewelry are clearly not assets or investment, maybe you plane to buy her back when you cash out your bitcoins.
 
How can you be so sure about the price of bitcoin that it will cross 100k$ after halving in 2024? Maybe it will not cross 30k$ then what will you do? or even if it drops lower do you have any backup plans for that?
If you have fiat and lazy money to invest or any money to invest bitcoin is a more valuable investment asset than any other thing not only gold.

You made two mistakes previously, investing in $hitcoins and leaving your coins on
an exchange.

So your next move after selling the Jewellery is buy Bitcoin and a Trezor hardware
wallet and take full control of your investment.

---

On selling Jewellery for Bitcoin - do it, they are only material possesions.


Correction::::

We know Gold is very precious, but Bitcoin is more Precious than gold.

you are assuming too much about what the price of bitcoin will be in 2024.

in my opinion, don't do it. I won't have a problem if you sold your own jewellery to invest it in bitcoin but asking your wife to sell hers so you could invest it in bitcoin just doesn't right to me. also, her "hobby jewellery" might be her own way of investing.

I have the same thought as you.  I believe Bitcoin will reach another all-time high after the halving.  So I think that your decision of selling your wife jewelry is somehow rational.  Rather than your wife's gold sitting idle in the safe, I agree that selling it and investing it in Bitcoin is much better. 

You can always buy jewelry but the opportunity to buy Bitcoin at a lower price is not always available.  Looking back at the year 2014 when I was just a newcomer to the industry if I bought $1000  worth of BTC that time, I would be sitting in comfort today because that $1000  would have grown 160x+.

It make sense to do that if she agrees to sell it and understands the risk and volatility of bitcoin. Later, I even saw someone who sold a part of his land and put it into bitcoin.

We've got different plans and before you do something even if the jewelry is from your wife, consent is a must so that there won't be any regret and blaming afterwards.

But to give you some idea about the gains, it's more likely that it won't go 10x for the next bull run. Every bull cycle, the gain of bitcoin decreases.

No one holds guarantee that bitcoin after halving will reach a very high price, that is still very uncertain as not every halving the same thing will happen. And even if it’s price increases, we are not yet sure if the price will reach another all time high so if you do your plan of selling all your wife’s jewelry, that will bring a lot of risks. You should have been more honest to your wife and admit that bitcoin investment does not guarantee profits all the time, so she will never expect high profits on it.  I suggest invest only on the amount you can afford to lose, and I think selling another investment is not a good idea. Just invest whenever you have extra money so that if you lose, that won’t create an issue to you.

What would you do if you sold your wife's jewelry and the bitcoin did not rise to $100,000? There is another possibility that it will decrease, and this is due to the volatile nature of the market. Suppose you do not have a stable business from which you can obtain legal money and invest in Bitcoin, what you can lose. In that case, I hope that you will back down from the decision to sell your wife’s jewelry because it is possible that you will not be able to rebuy it if something happens led to the deterioration of the price of bitcoin. Most investors make this mistake, which is selling their properties, real estate, cars, gold, etc., to invest in bitcoin, and this doesn't seem right and may cost them a lot. You have to invest in bitcoin wisely and not risk what you have.

No matter what your philosophy on investment or the urgency of your need for financial break out is, I must say that selling personal belongings to buy Bitcoin is not a good idea, most especially when you sell your wife'sjewelriess to buy Bitcoin and for that, I will like to ask you a few questions.
1: is your wife aware of the risk you are about to take?
2: what is your wife's understanding of the investment and which place is gold in her investment portfolio?

-As far as I know, there is no guarantee of a 10× increase in bitcoin price after halving, and there is also a possibility that the price of Bitcoin may decrease and remain like that for over a year,  what are your financial alternatives plans if things don't go your way.

You don’t have to chose in the first place as both investments will be more profitable in the future. Invest on both so you can gain more profits in the next months and years. However, knowing bitcoin is highly volatile, then you should invest on it at your own risk. Selling your wife’s jewelry will only bring a lot of risks, and you might only lose them if bitcoin value do not reach your expected price. Bitcoin is a good investment, but it does not give an assurance that you won’t be experiencing losses as well.

Nope! I personally don't think it is wise to sell other people property just to buy some bitcoin even if it is your wife property. Even if it's a conjugal property, Your wife still has a right to that unless your wife herself is the one who engage in selling or agreed in your terms. Please don't say that you are forced to sell because I'm sure that you have a way to generate you own income and buy some bitcoin. Remember that there are still risks even if you are certain that bitcoin will rise again, I believe that selling these kind of metals is only applicable if there is an emergency or a rush need of money. Consult your wife first, This can possibly ruin your relationship.

If you had to ask people for it, most of them would answer NO, including me. First off, I presume you asked your wife's permission before doing this, if so you're in big fat trouble. There's also the concept of divorce, if you knew about that. If things go south and you guys lose a significant portion of your capital investments, how would you be able to pawn your wife's important and expensive jewelry? Do you have safety nets in place for such eventualities coming around? Let me just remind you that just because the halving's coming doesn't mean it's going to pump as high as you expect it to be, I mean we can all dream but sometimes we gotta stay realistic too.

So,  TL;DR do not sell your wife's jewelry, find other ways to grab money you would use to invest in bitcoin, certainly not from your savings or what. Invest only what you can afford to lose, this one mate, is not one of it.

Im not saying that Gold is much better but we know that earth precious elements does have that history on having that increasing value as years passing by.It is really just that too slow or minimal when it comes to movements and something that cant depreciate over time.If you have sold out and making out those sweet words and guarantees into your wife about making profits in 2024 then prepare because thats not how it would be that simple. $100k isnt that too near to consider and plus you arent that able to make 10x with the investment that you had made considering that we are around 23-24k price which means it could potentially
give you 4x of your investment if ever it would hit 100k but just like i've been said that it wont really be that something simple.

Your intention is good, but your action towards it may be wrong. I don’t suggest selling your wife’s jewelry so you can invest in bitcoin, you might lose them all along the way. And you might be blame by your wife if that happens. Bitcoin investment has its own risk, and you should not take those risks if you are not ready yet. That way, you can be free from future losses, but if you really want to invest, then save first.

Would she allow it? This is wrong if she won't, in all aspects. First of all, that is her personal belongings. Also, what if you made a wrong decision resulting to huge loss of that jewelry's money? Would you still be able to compensate? If you don't have that much money to invest then be patient and allot an amount you can invest someday. There's no need to rush and there's nothing telling you to invest right now for you to make such decisions which can yield to a problem between your partner.
This impression is simply the cause of greed in this industry; misconception. Many people are decieved by the fact that many people gained profit from what happened on the previous halving, disregarding that this industry lacks inconsistency and there is still a tendency that same situation might not happen because of the same reason. People are trying to risk things because of such impression.It is okay to aim for profit but atleast be reasonable with your actiond before aiming for that profit.

Ths is very funny to me and I can't imagine this twice again. The question is that why would you ever think of selling your wife jewelry to buy Bitcoin. Are you that curious to the extend of selling your woman property just to buy Bitcoin that can depreciate anything and leave you in loses. It is fine that Bitcoin would finally go bullish but I can't imagine you selling what belongs to her.

This is a mess and should never be condole. Does it means that you have nothing else in your house to sell rather than selling her precious values so you can buy Bitcoin. This is not funny at and you can be arrested for this if you leave in a law abiding country. It is out of point if you ever take this odd action. Good luck Mr gold seller!

Since he already said he lost money, it's obvious the culprit here is the same as in gambling, it's called Chasing losses.
He wants to desperately recoup those losses and he thinks he can make it big, (lol at the x10 in a year), same as gamblers, raising the stake with the hope this time will definitely work. Of course, it's less risky than a bet but at the same time, it might now produce the results he hopes for. Not even mention that from the start he will get less money for that gold and he will have to pay a lot more to get it back, and...the family issues. I personally wouldn't want to run into my mother-in-law for a while after this.

Also, from another topic:

This is going to end badly, that is, if it's real!!


And if he had bought at the end of 2017 waiting for a x10 he would be single by now!  ;)
Oh, and furthermore, why don't you sell all your jewelry and your wife's jewelry like the OP now?


 

i hope the OP will think again about selling his wife's gold after reading some insights here. you can never be sure with what will happen come 2024. you can't guarantee that BTC will rise 2x or more. the OP said, he's forced to sell those jewelry to buy BTC, but hey, no one is forcing you to do such move. it is your own decision why you want to sell it because you want to buy BTC. gold may not increase the same way BTC would. but gold is a tangible asset where you can peacefully sleep at night and you know when you wake up, you still have your assets. whereas, with BTC, you will be in agitated mode for these coming months if you sell off the gold and buy BTC, because you will have a roller coaster mode with the price, and you also have no assurance where the price of BTC will be heading to...

If his wife do make out expectations but turns out to be not happening into those proposed years then for sure it would really be a disaster for that husband.This is why its never been that ideal on making

out some guarantees specially into your wife plus you had sold off her precious belongings just for that investment opportunity.I dont have doubts on Bitcoin though but we cant really tell on when would

be the right time for these things to happen.There's no way that we could really be able to determine on which or what year those numbers would appear.This is why its not really
that good to give out guarantees because it would cause some chaos later on.

Hey, didn't you say before that you were absolutely certain Bitcoin would increase in value by ten times after 2024? But now you're saying it might only double or triple from its all-time high? It's seem like you're not really sure what you're talking about.


It is foolish to think that it cannot happen again.


So if you've already made a decision, what's the point of asking the community's opinion then?

Whenever you invest your money, there's always some level of risk involved, so it's definitely something to be aware of. And when it comes to selling your wife's jewelry, you gotta be super careful, especially if it has sentimental value. You don't want to regret it later on. Plus, you wanna think about how it might impact you and your wife emotionally and financially. So, if I were in your shoes, I'd take a breather and think things through before making any rash decisions. But at the end of the day, it's your money and you can do what you want with it. Just be careful you don't end up having to find a new wife after 2024, haha!

In some part of the world gold is preferred for emergency requirement. This means at times of emergency people use gold as collateral and receive money from banks. If you're a man who have got everything planned and you've got sufficient funds to meet unexpected needs as well as to meet your daily needs then it is good to sell the jewels and buy bitcoin and keep it safe.

It would cause up huge trouble if your wife really expect something out of those years on where you had mentioned.Its better to get those jewelries back and free up yourself on possible trouble.
Its impossible that you wont really be having any fiat considering that you had able to buy those things for her.It would be better to accumulate and save up some fiat and buy bitcoin
on your own expense and never touch your wife jewelries just because you had promised out something about big returns.

If you can invest in Bitcoin for 5 years then you will get a lot of profit from here. I think if you sell the gold jewelry that your wife has and invest in Bitcoin, I don't know how it will be. But I  I understand that after a few years you can buy your wife a lot of gold jewelry and many other things. Seeing your post made me very interested in investing in Bitcoin. So I thought I will buy Bitcoin with some money from my bank.

Well, yes if you believe it is more wise and profitable to invest in Bitcoin than gold jewelries. However, don't forget the risk associated with it. The reason why it is best to not be too hopeful so it won't affect us deeply just incase what we expected didn't happened.

I'm a gold jewelries investor too and been a holdling mine for years. I can say it's a good investment because the price is indeed increasing as time passes by. But Bitcoin already surpassed gold when it comes to giving profit though it's risky. For me it depends on what you believe in, but certainly both are a good investment.

I don't think it's a good idea to sell a wife's belongings to invest in bitcoin because, for one thing, she is a woman and that gold may be special to her or a gift from her parents, but out of love and to keep the peace she allows her jewelry to sell and invest in bitcoin. I would advise men to work hard to earn money so that he won't feel guilty about investing in bitcoin or so he can hold his bitcoin for a long time when the price drops because selling a wife material might lead to breaking up of marriage.

If you don’t have Bitcoin at all, then this idea might be a good one, in other words, you can’t invest everything in one asset. In addition, gold is also very well suited for long-term investments, it is also a good hedge against inflation and will rise in price over time.

I didn’t quite understand where you got x10 from, if now the price of bitcoin is 23k and when the price reaches 100k it will be only x4, that is, your $ 3,000 will become 12,000, not 30,000. In order for your investment to grow tenfold, you need the price bitcoin rose to 230k.

Bitcoin price halving in 2024 is the future. You think the current gold market is currently very high so whether you want to sell gold and invest in Bitcoin is completely up to you. Meanwhile Bitcoin market research should be done Bitcoin can go down as well as up. So I would suggest you to sell half of the gold and keep the other half of the gold.

And you mentioned only profit to your wife but you didn't mention loss.  Investing in Bitcoin can lead to losses and gains. So you can sell half the gold and invest it without making your wife destitute, that's a good suggestion to me.

100k per Bitcoin in 2024 is still not certain, the last price was 67k and I believe that 80 to 90k will be easy for Bitcoin, but no one knows for sure if Bitcoin will cross the 100k target or not and you shouldn't have posted the image of the jewelry, you don't know who is reading your post, so do not underestimate this forum, we can't see each other for real but information is sometimes a weapon of mass destruction.

Are you predictor or something? How can you be sure that gold is going sky "these days" exactly? What are jewellery future usage? Wearing it ? :D Indeed the kids will benefit from jewellery in future - it will be their starting capital :D Doubt that they will stick to it as a relict and keep wearing it.

The OP actually is acting stupid imho. Instead of "investing the funds he is ok to lose", he plans to sell one active to buy other active. And he is planning to sell something that will always be valued high. Why not instead sell things he did not need anymore? Selling things you might need to be able to invest hoping to have a bright future seems like an act of desperate to me.

I wouldn't say this is a wrong decision but we have to figure out the differences here for the two assets, bitcoin is volatile while jewelry provided that it's pure gold is also an asset but not volatile, they but increase with time but bitcoin can go far beyond how gold could reach within a specific time, bitcoin is a digital asset while gold is a physical one that may constitute undergoing through KYC before acquiring it from a centralized seller while bitcoin is a p2p network,  definitely bitcoin can be more profitable than the jewelry provided you hodl and sell at the right time, i will say you're missing nothing out yet as long as you can also secured your bitcoin from been stolen.

You and your wife should discuss it again before making a final decision because investing in bitcoin is not only profitable but also risky. It's your wife's property, tell her the risks she's taking and let her decide, don't force it. I know there's nothing wrong with believing in bitcoin, but you also know, it's not a good idea to sell assets to invest in bitcoin. If you can sell gold to invest in bitcoin, I think one day you will also think about selling your house to invest in bitcoin. You are becoming greedy and in too much of a hurry to invest. Why don't you try to think of finding another job and you can save from there to have money to invest?

For me it would be better to invest in bitcoin than investing in gold because with bitcoin it is likely that we will get a greater return than the return offered by gold because we often see that gold price movements tend to be stable, you plan to sell all your wife's jewelery then put all the funds into in bitcoin investing but before trying to enter into the market have you explained about the losses that will be incurred when investing with bitcoins and have you told that you can also lose everything in a short time if the market moves not as you expected after making a purchase.

It makes sense for you to sell your wife's jewelry and invest in bitcoin but it has to get approval from your wife and in this case, you have earned it. You have to return your wife's jewelry someday, especially if you can get a big profit from bitcoin so that your wife is happy and happy to see that what you are doing is really right and can bring change to your family.

But this may be a tough decision for a family where the wife gives up the jewelry she keeps to sell and buy bitcoins. I'm sure it will not be easy for your wife to accept your explanation because this is something new for your wife. Hopefully in this year or 2024 or early 2025, everything can change and give you happiness for your wife because you managed to get that big profit.

If he can hold on to the bitcoins and if the bitcoins go up as per his prediction price and then if he sells them then he will make many times more than gold so in that case he will have no problem selling his wife's jewelery which is many times more than that  can buy. But if he panics and sells the bitcoins at some point, selling jewelry will be a very bad experience for him. Now it will be up to him what he will do and since he has made such a big decision he must be aware of the risks of bitcoin investment.

Personally, I would never risk my source of investment just to invest into a risky and volatile investment. I don’t want to compromise the first to gain from the other. Although I must admit that bitcoin is better than gold, but if you have the high desire to invest in it, then save for it to make it happen by not compromising your wife’s investment. Because even if she agrees to your decision, she would still regret the idea of selling her jewelries once your bitcoin investment did not succeed or become profitable in the end.

I may not be experienced enough but I'm trying to understand what you mean in your situation,
It is a good decision if the value is for the future needs of you and your family, there is nothing wrong if you do because Bitcoin will return your money with more value. But maybe your position is that you really have to be able to manage your wife because women cannot be separated from jewelry, sometimes she doesn't want to go out and socialize because she doesn't have jewelry on her body because she feels ashamed not having it, selling all of her wife's jewelry is not a wise thing because you You could say you don't understand women, it would be nice to leave the jewelry that your wife likes the most to use.

We invest solely to make our family and loved ones happy, so maybe you should understand more about your wife's needs besides consumptive things.

Broh!
Don't be crazy. Don't risk everything. I understand that you may expect to get 10x or so, which could happen in 2024 or maybe a few years later. No one can guarantee that Bitcoin will hit 10x after a year or so. It's all our prediction and nothing else. Let me tell you my story when everyone said Bitcoin would hit 100K at the end of 2021. I started accumulating more bitcoin. I started saving as much as I could and began accumulating sats. When BTC was 65K, I remember I had over $5K in my Bitcoin wallet. Still, I didn't sell anything because I was expecting 100K. I expected 100K because people like Plan B said we might hit 100K.

Then BTC started declining, and we saw seven weekly red candles in a row. I would suggest you invest money if you have spare fiat. If you don't have one. Start accumulating your signature payments and try to be happy with that.

I do not think that it matters if bitcoin is better than jewelry or not, the only question here is that if your wife would kill you or not :D Any married guy would know that if you do something like this, you are taking an insane risk and if things do not look good for you quickly, then it is going to end up being something horrible.

I know a friend who did it, sold all his wife's jewels and bought bitcoin, and luckily he turned it into hundreds of thousands of dollars and got away with it, but even while it was going up, his wife was mad at him for not cashing out already, he had to take on the barrage of attacks to stay and make that kind of profit. It is really not worth the risk if you ask me.

But come to think of it, the ops didn't mention that this is the only jewellery his wife had, and also how often she has worn them, because looking at it from an economic point of view, it all depends on the profits yielding.

-In my part of the world, gold jewellery is seen as an investment,  and at each time the price of gold keeps increasing as also with bitcoin, so at some point, it may make sense if the ops wife can do away with that investment for a long time. Let's say for a period of 5 years, by that time the investment could have matured.

So what if the bitcoin price is higher than gold? We don't know for sure if bitcoin will reach 100k after halving. Do you think your relationship will last till halving after selling her jewelry? Do you think your wife can wait longer if the bitcoin price does not match your plan? Based on your story, your wife is hesitant at first. What if the bitcoin price goes -50%? Do you think your relationship will stay healthy? There are too many risks associated with your plan, including your relationship. Do you think it's worth taking that risk?

I wouldn't mind if you sold your house to invest in bitcoin since you are in a platform of bitcoin but it's sounds crazy going through your write-up about how you have lost in other investments and you still went ahead to sell your wife jewelry to invest in bitcoin with the hope of making a 10x profit if there is a bull run. You can't be so certain that you took a good risk but yeah your wishes may also come through but I will advise you to always invest with your own property and invest without being so sure of a quick breakthrough.

My wife would probably kill me lol. If we did this back in the day, we would have probably close to a billion dollars right now, depending on when we did it of course, I mean like when bitcoin was 10 bucks, but of course I wouldn't do it at all, its like the signing of my death paper :D All in all, its of course great if you could have the balls to do it, because in the end if you get richer, then your wife would be happy too, which wife would say not to a lot of money, they would be pretty excited about it. But in order to do it, you would have to risk a lot and that would cause a lot of trouble for you and definitely not something I would do.

Whether it makes sense or not depends on your family's economic situation and condition. if your wife's jewelery that you have sold is indeed an asset that you will not need for a long time. then investing in bitcoin can have the potential to double the value of your assets one day when the bitcoin price rises. but you also have to know and have to be prepared if the bitcoin you buy turns out to experience a sharp decline. so that the value of your investment assets in bitcoin will decrease.

 Saving in gold is indeed safer. but do not have the potential to experience high increases within the next 1-2 years. But also will not experience a sharp decline. price fluctuations are not too high. different from bitcoin which is high risk but also offers the same high potential. so it makes sense or not depending on whether you are ready or not with the decision you have made in putting your assets into bitcoin with all the risks that you already know.

I also wouldn't be able to agree with the OP's decision, not only is it too risky to sell a stable asset to invest in a risky asset, but this is his wife's jewelry. For a woman, jewelry is seen as a precious thing that she will never want to lose. Not to mention that even though OP explained it to her, I'm sure she still didn't understand and fell into a state of fear. If it were me, I wouldn't do that to my wife.

We have many ways to invest in bitcoin, in addition to saving, we can look for a part time job to increase our income. I think the OP was in a hurry to invest because he was afraid of missing out on the opportunity to buy bitcoin at such a low price today.

 It's not a smart idea and it seems like OP is kind of pushing something to the limit while risking his future and wife at the same time. It feels like he's gambling here but I hope it turns out fine at the end since it's not really a great idea risking your wife's assets. I hope you know or have read of what happens to those people who risk their savings, selling their house, and or taking loans just to invest in Bitcoin but in the end they barely can keep up to pay the interest.

Don't be so greedy because nobody knows what will be the price of Bitcoin after the halving.

in the past bull run situations we also get some news in the media regarding similar things. someone's success in investing in Bitcoin. selling properties, selling other assets to buy Bitcoins when the market is in a dump trend. and they hit big when the bull pump came right through the ATH. everyone wants to try their luck. because of the tremendous trust in Bitcoin, and if that doesn't hurt their finances. I hope it will be ok.

Bitcoin is valuable and so is gold. The question I want to ask you is 1) Is that all the gold your wife has that you want to sell?
2) Are you under any pressure? Because, you mentioned that, you are forced to sell it.

If that is all of gold the wife her I wouldn't advise that you send it all off to buy Bitcoin. Remember you need to diversify your portfolio because bitcoin is a very volatile asset and you run the risk of losing it all if you invest all of your money into it. Also keep in mind that gold is as valuable as Bitcoin.My candid counsel is for you not to act under pressure. You could try the DCA method first.

While luxury watches can be a solid investment choice, its not the case with luxury jewelry and in 99.99% of the cases you will end up losing the money. "Problem" with luxury jewelry is that big part of the price is brand itself so when you try to resell it, you won't get even close to original value. Let me give you an example; recently while watching some series, my wife saw one of the actresses wearing a necklace that she liked very much. She googled it ofc and it turns out it costs 15k euro. Out of curiosity she checked a little bit more to see if she can find someone selling used one and she managed to find it for 7k. And that was some store selling it, meaning person who sold it to them got even less.


That's a very bad argument for sale since you can lose bitcoin as well. Considering the fact that OP lost money in both Luna and FTX, I have serious doubts that he is capable of securing bitcoin properly.

I won't do this. Not in my life. I'd pawn my wife's jewelries just for emergencies, but I won't sell them. I'd get it back in a month or two to avoid quarrels. :D First, it's not mine. What hers is hers and what is mine is hers too. It never go the other way around. That's my belief to have a happy wife.

Save money, go get a job, sell your kidney, there's a lot of options to make money and I'd rather take that path than risking my wife's jewelry into something that has no real assurance. Don't get me wrong, I believe in Bitcoin, but it doesn't mean I would go that far. Because once it goes south you will hear a lot of things from your wife. Worse, you are the reason for ruining your marriage.
Please don't do it. I hope it's not late.

hey man, it seems your wife doesn't have much interest in selling the jewelry for various reasons and women really like jewelry.  if you have sold the gold and then bought bitcoin, then you have to be open with it, you better make your wife's personal bitcoin wallet so that she won't be so hurt.  good luck with your investment man.

Really, Unless your wife really likes her jewelry and cannot do without them, I do not think your wife prefer you sell your kidney in a process that can take your life, than her Jewelries.

Unless the jewelries are those ones that are rare, hard to replace, special, has some meaning to her and really precious, I do not see any other reason why your wife, someone who you both agreed to fight challenges together will prefer you sell your kidney to get money for both of you than her jewelries that you can always get and replace when things get better.

Make sure to keep us updated with the results of this action.  I tend to think that it's not a good idea to sell other people's precious items to buy crypto currency, but what do I know.  I will say that I'm very curious about the ROI of said investment and what sort of added costs come into your life as a result.  Typically, divorce is pretty expensive but if you're right you should make a decent profit from your decision.  The question is, once all the divorce costs are paid and you're on your own, will the money you made be worth it, or will you crave the life you had before selling your wife's jewelry.  I guess everything has it's price.  Curious how this works out for you.

Then afterwards we will hear; Selling household furniture to invest in bitcoin. Lol

In the past some people may have had the same intention to invest in bitcoin or other crypto. They sell jewelry, cars, motorbikes, or maybe other unused items to invest. There is potential for profit, but it's not a good idea if you really can't control yourself against the risk. Even some time ago someone sold a house to invest in bitcoin, it's up to you and them.

It's just that, invest wisely in bitcoin and you can't just believe what you've seen before. We all never know the future or what will cost you your investment budget, so don't go for anything you can't afford to lose, and consider otherwise.

Why going extra miles to purchase bitcoin because of your greed towards making huge profit after the halving. Who told you that bitcoin price will reach 100k at 2025,nobody can tell the exact amount that bitcoin price will hit during the bull run and don't be deceived. You are gambling with your marriage because of money.

Due to bitcoin volatile nature, I would prefer to invest on gold rather than selling it for bitcoin because we don't know what will be the outcome of bitcoin at the long run. Gold is sure a guaranteed assets that will keep on increasing in value. There is this say that only invest with the money that you can afford to lose, so that you will be on the safer side,in case bitcoin price goes below the purchased amount.

I think there is something begging in your story, I'm sorry, that's the impression it gives me, on the other hand, I have already mentioned it in other posts, common sense must prevail, life experience, savings, expenses, investments, pay bills, buy a house, a car, purchase goods, etc.


All of the above adds up to decision-making, so you don't have to put photos of anything, just by mentioning the word invest or buy, two different things in the proper sense of trade jargon, but let's not get complicated , bitcoin in its acquisition has to be easy.

Understand me, this is an easy decision, don't make it complicated, this is what you should know, at least if you are the head of the family? no, it doesn't matter, that is what I would say to anyone in your position and with the evidence that you have been willing to bring to support the simple idea of buying bitcoin, anyway...

... if you spend money to  foods for your family to eat for a certain time, let's use that simple example, you should know how many days your family could eat, and you should know that there are other expenses, that's right, so if you're on a fixed income, you'll have to be very careful not to go overboard buy food.


Do the same with bitcoin, and from one married man to another, leave your wife's jewels in peace with the intangible value that they surely have for her, on the other hand, on the subject of money to buy-invest in bitcoin, do not use third parties generate their own ability to acquire bitcoin.

That is to say, e.g. there is a regular from my local board has stated that he has never bought bitcoin, he has all acquired them as a result of some type of work carried out, although he job is the programmer and that environment lends itself to that type of income and it is worth adding that he knows bitcoin since 2014, so surely with patience and good common sense he manages to accumulate bitcoin, without suffering or thinking at 10x urgency.

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Same here. If we had no money she'd tell me to take a loan or sell some bitcoin and spare her bling :D
After taking a look at that jewelry I tend to think she must be Indian or Middle Eastern because the jewelry looks pretty traditional for that area. Where I live we don't wear "heavy" gold and this kind of bracelets.

Anyway, I wouldn't do that if she's attached to it, unless you have no money for food.

Haha I can see the name of the next thread: Invest in Bitcoin by selling my kidney  ;D

Jokes aside, I guess if your wife is ok with that why not? Go for it, no pain no gain! The craziest, riskiest decisions in life bring the most profit if you succeed.

May be you think your decision is trustworthy but i think that gold is stable as compared to bitcoin. Bitcoin is famous and most acceptable coin  and everyone in this era wants to make investment in Bitcoin but you do not have any string evidence about its price elevations, you do not have any idea about what will be the situation of market tomorrow.

Gold sometimes reduces in price but not as much as crypto market drops and selling your wife's gold for investment in Bitcoin have no surety that it will give you higher cost as you aspects. If unfortunately the market become down and takes certain years to recover then what will you do? In fear of loss you will definitely sell your bitcoin at low price and your cash of gold will reduces.

I know some people prefer bitcoin but I think that bitcoin always skyrocket but price contains uncertainty so this is a hazardous thing about its success.

I didn't know you could see into the future. I guess you are a very valuable asset for the forum with such skills. ;D What else WILL happen so we are prepared for it?

Now it's just a chance and possibility? I though bitcoin will cross $100k.

If you don't have any money, don't invest. It's as simple as that. No one is forcing you to sell anything. You made that decision for whatever reason. Jewelry isn't really something that will increase in value long-term. Gold has a tendency to go up, but when you guy jewelry, you aren't just paying for the value in gold, so it's ok.   

Generally, I have never been a fan of selling something you need to purchase bitcoin. Especially if that something is essential to your life. Jewelry isn't essential, but I am sure you sold it a loss.

Selling assets to invest in bitcoin, especially wife's valuable jewelry like gold, is never a terrible idea as it will result in greater profit and allow you to buy your wife new jewelry that is even better than the one she now has. But, there is never a promise that you will make money. You could lose money during a down market and make money during a bull run. Selling the wife's jewels is therefore neither good nor bad because there is no guarantee of a profit or loss of 100%.

I often get the news when the market is bullish, LOL,

I don't assume that's something bad, they have motorbikes, cars and many other properties but the value of goods assets will decrease when goods are obsolete unless gold has the potential to increase in price, so diverting goods assets for bitcoin investment is not a bad choice but types of goods are not priority for use in daily activities, when inflation many people change their financial strategy for savings and prioritize profitable investments for the future, so the choice of bitcoin is the right choice for that but they must have knowledge about bitcoin before they get involved investing in bitcoin.

I think having multiple option will increase your chances of profits and less chance of losses. If you keep some and sell some to invest in bitcoin, I guess you can profit from both. We only predicted that Bitcoin's price will increase in the future, but who has seen the future? Bitcoin is a high risk, high profit investment plan.  If you can take that risk, then sure, why not?
And Gold is a slow profit investment asset, but it's not going anywhere. Keep some of it, too.
One more thing, I just want to tell that, be sure to share your security with your wife so that you both have equal access to it.

As long as OP and family are aware of the risks being taken. and as long as selling the jewelry doesn't bankrupt the family then maybe this still makes sense. but it's a little weird to know. at least the jewelry seems to be his wife's savings which are indeed a cool asset, aka not going to be used in the near future. and his wife were ready to take the risk and were willing not to wear jewelry. But I wish the OP didn't sell all the jewelry. and leave some.

Bitcoin may be more expensive, but don't forget that its price is very volatile and unpredictable. You don't rely on Bitcoin only for long-term investment, better to diversify your investments in several things.

No one can guarantee that Bitcoin will reach $100k in 2024, it is just a speculation. Even if it makes sense and realistic target to reach, there are many factors to make it possibly fails. For example, if we have a severe economic crisis around the world in the next year or we have wars issue again. Or some bans related to crypto can lead to a failure in achieving a new ATH of BTC. Please consider these factors, too!

Never force yourself or your wife to invest in Bitcoin. People must invest in Bitcoin with the amount of money that they can afford to lose it. No one can guarantee the future of Bitcoin, dude!

Op, as for me i don't like selling things that I have achieved and risk it to get more of it in anywhere, but I will rather risk the money I have at particular time or wait it I get the money I can afford to risk.so I can't advise you to sell or not to sell but that should depend on your research, if you see more evidence that if you sell your wife jewelry and invest the money in bitcoin you will gain much as you think, you can sell it.but always remember the one advice in cryptocurrency industry,invest what you can only afford to lose.

At first time I don't know why you even convinced you wife to sell her jewelry and buy what you are not 100% have guarantee over it.it will even be better to have teach your wife about Bitcoin and let her know the importance of Bitcoin and get herself convinced with more evidence than just advise her to sell and invest in it in bitcoin other to make profits. so let tell you that Bitcoin is not only about making profits but also about privacy which is more important part.

Yes its true that there's no wrong about the decision as long both wife and husband are aware on what they are dealing with on which they are really that prepared if ever their investment becomes negative even

though its really hard to believe to be on that way considering that we do know the potential price of Bitcoin in long term.They might had able to sacrifice their jewelries now but it turns out to be beneficial on longer times which they could buy even more of those if it turns out to be profitable.This is why it would really be just depending about their decisions both two.
If one does only have that decision and turns out to be negative then for sure it would create quarrels and disappointments.

I would not say it’s unreasonable but it’s one way to secure your investment since gold is proven to be a reliable investment in time. But I believe bitcoin is a reasonable investment too, it’s just that the risk is high so if we can’t handle the pressures investing in bitcoin, then it’s better not to do it from the start. However, if you are deeply convinced that bitcoin is better than gold, then invest it by not disposing your gold investment. You can earn more if you keep both investments in the long term.

It is not unusual to have this type of decision, it's like selling other things for bitcoin that I have seen before and probably most of the people here as well.

It is reasonable to invest wherever you are comfortable. Even if it's bitcoin, jewelry, gold, other precious metals, and so on. As long as both of you, you, and your partner have agreed to buy the asset altogether. Choose what you think is best for both of you but you can also combine both of your knowledge in jewelries and in bitcoin so you have both investments.

OP have made wise decision, but he should have things planned well and executed. We don't know how the market changes tomorrow. I'm sure the market will be in good position in the future, but to experience the same we need the patience. When we don't have patience and we're in need of money we may end up cashing out when the market is bearish. To overcome such situation it is good to plan well and secure yourself having the necessary funds out of your job to meet all your needs. So, that the bitcoin investment doesn't need to be touched at any instance. Can be used when the market is in good shape.

If it's reasonable to do so should be based on your own view and not ours. You are dealing with a plan where there are lots of "what if". No one knows if that plan of yours will be effective in the long run. Both choices considerably make sense but that would not end there as on the way, you need to take action in order to fully utilize what you did.

Diversification or doing all-in, it's your call. Good luck.

To be honest I will not sell the wife jewellery or the gold to buy bitcoin because gold value also increases over time and gold is a preferable secure investment. Instead of selling the gold I will prefer to convert fiat currency into bitcoin because fiat currency decreases over the time due to inflation.

I don't think we will know the price of bitcoin in the future, because bitcoin's price is unstable, and it could be that your investment will suffer a loss,
I want to ask if you explained to your wife that investing in bitcoin is risky?
if your wife already knows that investing in bitcoin is risky, there is actually no problem, well, good luck with your investment.

this is the first time I've heard of people who will buy bitcoin with money from selling gold jewelry,

yes, it is very interesting,
and indeed if you invest the money from the sale of gold in bitcoin, of course you will have the potential to profit during the BUL RUN later, however
You also have to be prepared to suffer losses if the bitcoin price drops.

Are you sure with this one?
What's your basis on this one?
Do you have a crystal ball to foresee the future? Or are you a grand-grand-grandchildren of Nostradamus?

Well, even I will not give my jewelry to you (if I'm a girl, but I'm not).
It's a good thing that you convinced your wife to sell her jewelries to buy Bitcoin. I hope you shared also the potential risks of it. My family had some jewelries as well, but I will not do the same thing as you did. :D I'd rather buy Bitcoin with my own money or take a loan (that I can pay).

You are forced? You're convincing your wife to sell her jewelries and you're forced now to sell all of it because you don't have money anymore?

How in the hell you think of investing first where at first place, you don't have any fiat money? You're obsessed in having much Bitcoin that you're forgetting to have fiat money. I'm not an expert, but only Bitcoin holder. Selling your wife's jewelries and invest it into Bitcoin makes sense. What doesn't is that you're selling it in force and you forced to sell it because you don't have money anymore. That doesn't make any sense.

Depending on your risk appetite. I just hope that you and you're wife are still ok and you now have fiat money that both of you can spend.

In order to succeed in life, you have to step out of your comfort zone, you have to take risks, that is without a doubt a fact. OP can sell his wife's gold for investment as long as his wife is willing to lose the jewels as well. OP should be honest with his wife because investing in bitcoin is as uncertain as you are saying, we just hope bitcoin will hit $100k in the future, but no one says for sure it will hit $100k in 2024. If someone dares to say that, they should sell all assets including houses and cars to invest, even borrow money from banks to invest because the victory is already in their hands. Hopefully, after this topic, there will be no more topics about selling houses, or borrowing money to invest in bitcoin.

Everyone is just doing everything just because they want to invest in bitcoin, how sure are you that bitcoin will cross over $100k before the end of 2024, have you seen what will happen after the halving because I don't think anyone can predict the price that bitcoin will go in the future. There is always a rule in Cryptocurrency which says always invest what you can afford to lose, can you and your wife afford to lose the money which you just invested in bitcoin?
I think it's advisable to invest in both Bitcoin and gold if you can, you shouldn't put all your money in bitcoin, I don't think there is anything bad if you are having other assets, I won't really support you if you tell me you are investing all your money in bitcoin.

Lol, this is comedy at its best, but you phrased it wisely for sure! :D A calm and well-considered analysis I must say. Wonderful.

@OP why only sell the jewelry? Sell the wife as well so you save the aforementioned potential added costs and divorce costs and buy 10 wives back when your prediction comes true!

Just for the fun of it (I guess...)! ;)

On a serious note, your plan is not as far-fetched as it sounds! Perhaps also sell a kidney for Bitcoin (https://steemit.com/bitcoin/@cj23/would-you-sell-your-kidney-for-bitcoin)?

gold is a valuable asset too, because the price always continues to rise from time to time.
so if I personally will not sell gold to invest in bitcoin.
and i prefer to buy bitcoin with idle money,
but of course everyone's thinking is different and it's your right to buy bitcoin with any money,
and I appreciate your thoughts, and your opinion.

I also wouldn't sell gold to buy bitcoin, although bitcoin is showing higher returns, the risk is not low either. In case there is no money to invest, I think people should find work to generate more income instead of thinking of selling gold to invest. If we can sell gold, then one day we can sell other assets.

in investing you should use cold money, which does not include money that is still used as a need. at least we have a safe reserve fund to anticipate unexpected events in our lives, then after that we think about investing. In my opinion, don't use all the jewelry to buy bitcoin, but some of the jewelry that is sold to buy bitcoin, if your wife has agreed, because for me asset diversification is very important to do, when it happens, then you have to be patient to get 10X like your target , and of course keep our mentality

I wholeheartedly agree with other people here saying, that it isn't a wise decision to sell your wife's belonging just to invest. We know how much volatile bitcoin can be, and although her property is considered yours too by law, it's not enough reason to sell an investment for another investment. I also have few friends' way back 2020-2021 who planned to sell their properties to invest in crypto (that time axie is very popular), and so I told them to make their own research first and if they don't understand something they can ask me or just google it away. That time also they are being tempted with their emotions. After several days of research and asking bunch of questions, they have decided to sell their property to invest in another NFT game (I forgot the name but it's something similar to axie), but I told them if they are really sure about their decision, and since they are still hesitating, it's enough answer for me that they are not yet ready to gamble. I may be not a financial adviser, but I advised them to just wait and don't let their emotions run through them, and if they have more questions, they'll have to seek professional counsel not me once they've decided. In the end the new project failed, and they didn't lose either their property or their money. The lesson is not to rush things if you are undecided and if ever the same thing comes into the future, it would be much better to earn a separate money to use for another investment.

OP, I don't consider your idea a smart move. Your high expectation on the price of bitcoin is just a mere speculation; the price of bitcoin may or may not possibly touch a new ATH in the next halving of 2024. Your expectations are good for 10x profit in 2024, but you should also be aware that it may be possible next year or in a few years. What will you tell your wife if the price doesn't get to $100,000 by 2024? So I think you should tell your wife about the possibility of getting 10 times the profit next year or in the few years to come so that she is equally aware.

I hadn't visited this section for a while and now I found this interesting thread. Well mate @LDL, I didn't check the replies on page 2-6, but I hope you did explain its risk as well to your wife. Sometimes, shifting to other investment is not a bad idea to get more profit. But, it's much wiser to have two or more investment assets instead for jumping on one only, let's say 60% for gold and the rest for bitcoin.



Well I dont think that's hot money though, as I believe their gold is not for their daily life, but the saving for their future. But yeah like what I stated above, asset diversification is important.

Bitcoin is referred to as digital gold, so holding gold is equal to holding Bitcoin so I don't see any reason why you should sell one to buy the other.
And bitcoin is a volatile asset it will not be a good idea to hold it for the short term base, as your wife may not have the patience to wait for the ling term base and if things go wrong with the investment it may not end well for you spouse poi t of view.

I also speculate that too. In fact, I aim at $120k – $150k. From past data, every new ATH after halving has given us more than double of the ATH it's replacing. Bitcoin's current ATH stands at $68k+. We understand what a double of that means.

Since she gave her consent, you're in the clear. Though I hope she doesn't have a change of mind before 2024 to reap the outcome of such an investment. It's a matter a patience to achieve result. For me, I expect the new ATH to come in 2025, not in 2024

If you ever decide to do this and sell your wife's jewelry, do not forget that especially jewelry often has some value connected to moments, memories, emotions. I don't know your financial situation and whether you want to take on that risk, but if it is for pure speculation, I advise you to reconsider because you can never know whether your prediction becomes true. The biggest gurus in the industry and beyond have frequently failed in predicting Bitcoin's price. Of course when a million people make a guess someone had to get it right eventually, but look out for someone who got it right 3 years in a row ;)

As I said, jewelry often is about emotions and no matter how your gamble plays out in the end, you most likely won't be able to buy the same pieces back for her. It is a copy perhaps, but never the same unless you pawn the jewelry. But that is usually a bad deal.

Currently the price of gold is very high but the price of bitcoin is very low in comparison so since you decided to sell your wife's gold and buy bitcoin during the peak of gold price, this decision is undoubtedly the best one. But there will definitely be some risk here. Because your wife's jewelry is a very precious thing to you, it will be very bad for you if you cannot return this jewelry to her. And Bitcoin is not always going to grow. But good luck to you

we are always reminded not to use money that can change our life or money that we actually use to invest, especially crypto. however, if you've explained the risks of holding bitcoins to your wife, it could be a good option. But, sometimes a plan doesn't work out the way we want, so besides explaining the benefits that could be 10x in 2024, you also need to explain the risks of that. however, if your goal is a long-term investment, it may be the right choice. Instead of keeping the jewelry for a long time, maybe this investment is more profitable. But you also need to be prepared for the risks

OP if you can take risk you will definitely see success. The decision you made doesn't seem to be a bad one at all. We know Bitcoin will halve in 2024 and Bitcoin price is likely to go from $100,000 to $200,000 by 2024-2025. If so, you may be at high risk. Never worry about your profit or loss after investing. Remember you must wait until 2024.

Your projections about the profitability of bitcoin might not be realistic because bitcoin is unpredictable. You might also be correct, no one knows. Don't try to make decisions on investment because you want to cover or recoup your past losses. This is because you might make some wrong decisions or predictions. If your wife is okay with your decision, then it's a little easy. I would advise that you diversify your investment, that is sell some of these precious stones and buy bitcoin, while you also keep your investment in gold.

First time I am hearing about such a strategy, are you sure your marriage is going to survive that? We have some jewelry in our family from my great great parents that nobody is wearing. I would never consider selling it though. Its not only the material that is valuable, but also the sentimental value behind. Investing in bitcoins is not a guarantee to make quick short-term profits. It could take another year for the next halving to happen before prices really start to rise again. Just make sure that your wife knows that, it's her jewels and she might feel that she should get the profit you make. Why not try and save every month some money and invest that in bitcoins? Also keeping at least some gold in form of jewelry at home is fine in my opinion. If you don't need the money right now then better to hold some. In case things get really bad you could always exchange gold for some cash rather quickly.

You are too confident. What if this is the first time in halving that the price wont hit ATH ? then it was opposite can he able to manage the losses ? In investing you should be aware of the risk and the possibility that you lose it but if you can accept it then its good as it is part of investing. I myself even i know the risk i still invest which the amount that can i afford because i have a high hope for Bitcoin. So selling the jewelry might be a good idea as long as you know the risk.

Hope she realy would not mind about it. You have to invest only those things which you would not regret about

Gold jewelery is a solid physical asset. While there is no quick profit here the probability of loss is very low whereas Bitcoin is able to provide high profit but the possibility of loss is high so it is not wise to invest in Bitcoin by selling any physical potential asset. But since the op did this he needs to store these bitcoins as strictly as people store gold. And when he will be able to get high profit then it will be better to sell bitcoins and buy gold again. By adopting this strategy he will have more gold than his selling amount of gold. and his wife will happy  :)

It’s always good to keep some gold on hand. It’s really great to have both Gold and Bitcoin. As long as your wife is okay with this I say go for it 😂 Bitcoin will pass 100k in a few years I really do think so. I think it’s a good idea to get more BTC always.

I think you have made a good decision. Because right now the Bitcoin market is Down. But it turns out that Bitcoin has risen more than the price of gold in the past. But right now the price of gold is much higher than Bitcoin. So if you are selling gold right now and buying and holding bitcoins then definitely a good venture for you. Because if you invest and hold Bitcoin now, then the value of Bitcoin will increase a lot. And later you can buy more gold than you currently have. So you can safely sell your gold right now and invest in Bitcoin, it will be better for you.

Practically Bitcoin is more valuable that Gold and it can be  able to give you a huge return after the Bitcoin halving. And that's why I think it makes sense to sell jewelry to invest in Bitcoin because of its high volatility return.

You did a wrong thing by trying to force your wife to sell what belongs to her for Bitcoin. Note; while doing any investment ensure that the money you are coming to invest belongs to you. There is no guarantee as regards to your expectations on the price of Bitcoin making your investment worth $30,000 after halving, there could be a diminishing return as you don't control the price of Bitcoin and your expectations could be less or higher.

It's almost sure that Bitcoin will give you more return than Gold or any Jewelry. So I also appreciate your decision to invest in Bitcoin. But you should wait for the best price to invest in Bitcoin in current market situation.

There is no guarantee of any kind, its absolutely ok to be optimistic, but don't completely rule out the fact that things might not go as you planned.
Yes, we all hope that bitcoin makes it across $100k and above in 2024 bull run, but still, nothing is a guarantee, even, there is no guarantee that a bull run will happen during the halving by 2024.\

So my personal advice is to only sell your wife's jewelries if she has no need for them anymore, or if she has lots of it, and also do not forget to let your wife know that there is no guarantee in all that you told her like i said earlier.

It will be more reasonable if you invest both in gold and bitcoin. But selling one’s investment for the sake of bitcoin, I think I won’t agree with that especially that what you want to invest does not guarantee secure profits because of its high volatility. My advice is to keep your wife’s jewelry. You can still invest in bitcoin later on when the price drops again as it would be a good market entry. For now, just save for your capital first and never invest an amount what you can’t afford to lose.

It’s clear that OP has still no experience investing in bitcoin since he is still not aware on the risks on bitcoin investment. Well, you can try to sell a portion of the jewelry if you want but be honest to your wife that bitcoin won’t guarantee immediate profits, since it’s a long-term investment. And there are still chances that she won’t be profitable and only lose her money if the investment fails in the end. I guess if she’ll know that, I doubt if she still want to agree on selling her jewelry or you just invest some other time if there is already extra money available.

 This is probably the worst decision if ever you stick to what you believe is right and reasonable. Always know that bitcoin is never a 100% guaranteed safe and profitable investment. You can actually lose your capital from it especially if you only invest because of your greed and you only invest without understanding the market first and how your investment works. Knowing the risks about bitcoin, then never compromise the investment of your wife, invest with your own money and only invest what you can manage to lose in the future. Maybe start saving for now so you can invest in bitcoin when there is a good market entry.

Bitcoin is valuable but we must know that it is also very volatile that is why we tell people to be careful careful when investing in Bitcoin. Bitcoin is both a digital currency and an asset we can trade and make more money if we know what we are doing. I don't think anyone would agree with op to sell his wife jewelry just because he wanted to purchase Bitcoin when there are many things he could sell and purchase the quantity of Bitcoin he wanted. We don't have to be too desperate when we want to invest invest in Bitcoin or any other assets.

Yes, the volatility is the major factor that makes the cryptomarket more riskier than the traditional market. Analysing well and making the investment lets you stay safe than just losing. Also when an user have the ability to withstand and have patience when the market is in its down movement it is sure that bitcoin will get you with the best profit. Even I had such thinking, but I haven't done it. Maybe I'll do it later, because in my locality jewel is given much importance as a status sign.

investing in Bitcoin or any other cryptocurrency can be risky due to high volatility and lack of regulation. In contrast, investing in gold is generally considered more stable, as it has been used as a store of value for thousands of years and can act as a hedge against inflation and other economic uncertainties. Ultimately, the decision to invest in either asset depends on your investment goals, risk tolerance, and financial situation, and it may be helpful to seek advice from a financial advisor or conduct further research.

The popular advice in Bitcoin investment which should be taken seriously which is you should invest only what you can afford to lose, must not be taken lightly. In addition, Bitcoin for most people may be both a store of value and a hedge against inflation. Aren't these the same qualities or characteristics that gold has too? Be careful not to lose your gold that will forever appreciate in value than to a speculative and highly volatile instrument.Look here OP, you may sell your car, clothes, yatch or other liabilities to invest in Bitcoin but please never sell your assets like real-estate, goal whose value increases over time to invest Bitcoin.

Investing in Bitcoin carries risks as its value is subject to market fluctuations and can be volatile. While some people believe it will continue to increase in value, there is no guarantee of this outcome.
Selling your wife's jewelry without consent is not ethical or legal for investing in Bitcoin or any asset. Honest communication is crucial for financial decisions, ensuring both parties agree on investment choices.
Investing in gold or Bitcoin depends on your investment goals, risk tolerance, and financial situation. Gold is a traditional store of value and considered safe during economic uncertainty. Bitcoin is a newer digital asset that has gained popularity as a decentralized currency and investment. Consider researching and evaluating all factors before deciding to invest.

I am a Bitcoin supporter, but to be honest, in any type of investment there is risks. If you invest in greed and expecting high returns, then let me remind you that, with high returns, high risks also come. So more is the risk, more will be the return. I am not saying Gold is better than Bitcoins, but Gold is stable and legalised for the public. Whereas Bitcoins are totally dependent on the market and the people. Nevertheless I wont comment whether you did a good job or not OP, but I will warn you to be careful before investing any big amount in any asset. Wish you all the best for your future.

For someone who is in urgent need for fiat I think it's not advised to invest in bitcoin, because it's likely you are going to need the money before the maturation time until you can cashout bitcoin with profits. Bitcoin is a long term investment and you may need to wait longer than 2024 to see positive results generated.

On the other hand, if it was possible to ensure this money isn't going to be needed soon, the idea of selling jewelry in order to build a bitcoin portfolio seems perfectly fine and promising from the potential profitability point of view.

Invest rationally and always carefully weigh all the risks. Basically people who try to drop money with greed due to seeing a bullish Bitcoin market instead of making themselves rational investors but with the ambition of chasing profits. In my opinion, there is nothing wrong when OP will invest his jewelry in Bitcoin, but in a rational portion and still not forgetting the risk factors that will be accepted. Gold or Bitcoin if I had to choose I would drop money on a 50:50 scale.

Actually we also need to pay attention to the risks taken in investing in bitcoin. looking at the potential price of bitcoin, of course it has very good potential and can experience a higher increase. But we also need to weigh the risks such as when there is a decline. But if the gold jewelry being sold is really a cold asset or will not be used in the near future. then putting it in a long term investment in bitcoin does make sense.

But I can't say that Bitcoin is more valuable than gold. I still see both as important in their respective places. depending on the angle from which we see it.

I feel this is not the right move,  you bought that jewelry to build a better relationship with your partner but taking this away from your them I guarantee you in the future this will be brought up and you will regret selling the precious items.
Btw If these are genuine and she likes them don't sell them, better find other modes to get the money for your crypto investment otherwise you forgive yourself.

Before you even get to the option of choosing where to invest, that's your wife's property hands off !

Advice don't sell the jewelry that's your persons property...

If you feel he did the right thing, then you can do the same, sell your house, sell your car, sell your kidney to invest in bitcoin, because as you and the OP predicted, there is only 1 year left can x10 properties easily. You and the OP have forgotten our old saying: only invest what we can lose, invest with idle money, and do not sell assets to invest.

your choice is right now the asset that can be profitable is bitcoin because there is a possibility that if you save it for the long term you will get a lot of profit, but you need to remember that every action has a risk that bitcoin has the possibility of going up and it can also go down, so if the price of bitcoin goes down then I really hope your wife will be fine.

Bitcoin has a future and there is every possibility that you will earn that much from investing but its not guaranteed, I don’t think you are new to this so you should be aware that its a 50/50 chance. It has always been advised never to invest the money you cannot afford to loose and also never to sell your valuables just to be part of the train as it is seen as investing due to FOMO which is a not a proper way to invest. Involving you wife and her belongings is also not appropriate, I’m sure you only told her about the benefits and not the risk involved and when the time is due she would be expecting a huge return from the investment. She would be heartbroken if your predictions fail and you risk loosing her trust for you.

It seems that your math grades were so good in school that it pushed you to make big choices that most people don't normally have the courage to do, even though many realize that bitcoin is the best investment that can generate huge returns the long term

Do you give a special guarantee to the wife, that in 2024 bitcoin will reach $100k, then what if that scenario doesn't work and bitcoin is still as stable as its current price, are there any consequences for your decision?

Investment is not how big you start, but how ready you are to accept the risk and you should have understood the conditions and will not experience panic when bitcoin is hit far at a low enough price (worst case scenario). But my advice is to stay calm and don't panic when it happens, because you can wait for the recovery process, calm in investing in bitcoin will lead you to success.

For me this is not a smart move that you are doing, selling your wife's jewelry is the same as making her feel anxious and worried, it is different when the jewelry is purely yours. But whatever decision you make, I'm sure it has been considered very carefully.

Long term holding will always be a winner in bitcoin, never hesitate to hold on under any circumstances.

I think that's Super dumb idea because I have seen that people who invest someone's people money, always end up in loss and their reputation might also go down. And that's not good idea in my opinion.
That's why people should invest those money whom they want to loose. That's why I am never doing these such things. I have my own earnings, if I loose this money than i have no such regrets.

some people will say you are too hasty, some people say it's a wise choice, but the thing that must be prioritized is that you think that it is the right thing for you to do, because your goal is to invest to get a return or profit.
even though you use a method that is quite different from most people.

The whole thing that I still don't fully understand or might have missed reading through the thread is whether your wife fully agrees? Is she emotionally attached to the jewelry or not? Did she consent with ease and did she say that she understands the risk and is willing to take it together with you? Or is the burden all onto you and your relationship would fall apart because she would feel betrayed it if doesn't work out as you are holding for?

Have it in mind to go into long-term investment for you to have the profit you desire together with your wife consent

I am not against your decision to sell jewelry for bitcoin because it is yours not mine but then we should all understand that volatility plays a larger role in this one, there's no guarantee that in this small span of time we can get this amount of profit, as always we should invest only the amount we are not afraid to lose, maybe sell some for bitcoin and save some pieces for the future since both can be a good investment as time pass by.

it would be better if your wife understands about bitcoin first, it is feared that if you don't fully understand, then if something bad happens, it will become a problem in your family, of course your wife will be angry with you. this is a risky investment if you do not have sufficient understanding of bitcoin. on the other hand, of course, don't imagine big profits in a short time, because this is not as easy as we think. because in your family and wife become one and all risks and luck are the luck of both of you

His wife agreed, but I believe from what he explained to her, she is just delusional about the x10 return she will receive in 2024. She doesn't yet understand the risks bitcoin can bring to that gold. How can someone who has never heard of bitcoin understand the risk from someone's few words?
If she understands the risks, I believe she will disagree because for women, jewelry is not only a hobby but they also think about the risks that the family will have to bear if the investment fails.

And this is where the risky part kicks in when you ask "How can someone who has never heard of bitcoin understand the risk from someone's few words?": the person asking the women to sell her jewelry is not a "someone". It is her husband. That is why all of this is so incredibly risky and naive. She trusts her man because two things come into play. On the one hand she loves him (I assume), and on the other hand the 10x is tempting to everyone. Now if I don't understand something, but someone who says understands the technology very well and I truly love that person, is it possible that I would agree to such a move? Perhaps not in my case, but I don't want to rule out the idea that many people would agree, especially when they are in need or even dire straits. There is so much potential for this to go wrong...

I will follow this! But i dont think it is a good investment. This market is very volatile.

So true. and actually whether or not the actions made by the OP make sense. it depends on the situation and financial condition of himself and his family. if selling his wife's jewelry won't disrupt his family's finances then it might still be tolerable. because it could be jewelry is also rarely used. and certainly he sold it with the permission of his wife. But it's a different story if actually selling the jewelry will have a negative impact on the finances of his own family, then this action can indeed be said to be an inappropriate action.

because investing in bitcoin means we must be prepared with the risks. but in the long term then we all believe that over time the price of bitcoin will continue to grow and become more expensive at each passing bitcoin halving. and maybe the OP also thought of that.

you got it into your head that you have to make a 10X profit, that's why you fell for the luna scam, it was your greed that is blinding you, you are not investing, you started to place bets, this is a very serious problem and if you don't take 10X profit out of your head so you will lose money. bitcoin is at 22000$, 10X of that value would be talking about more than 200,000$ in 2024, that is impossible, even reaching 70,000$ will already be a very difficult task for 2024, if we are talking about 2026 I believe that it may be possible to see the price will reach more than 70,000$ if certain conditions are met, for example: reaching an agreement on the war in ukraine

therefore: do not sell your wife's jewelry thinking that the price will rise too soon, it may take many long years for the price to break its old ATH again, now if you are aware that you have the patience to wait for 2 or 3 years then it would be worth investing in bitcoin, but not putting money in altcoins, you will be wasting your wife's jewelry when you sell it to put money in altcoins

If you follow his other comments, you can see him saying that he lost a lot of money investing in Luna and FTX, and now he doesn't have enough money to invest. It means he is selling assets for investment because he believes bitcoin will give him 10x return by 2024. It can be seen that he is having financial difficulties, and this action is not advisable. We all expect bitcoin to increase and hit new ATHs, but no one can be sure, and no one knows when that will happen. So selling assets to invest in bitcoin is not a good idea.

too bad when he lost out on investing in Luna and FTX, then sold his wife's jewelry and bought bitcoin after that. what's bad isn't selling his jewelry or buying his bitcoins, but he's promised a 10x increase, and I think that's going to be very hard to happen, even when the halving happens. In addition, the risk is too great, especially if the jewelry is very important to his wife. there is no guarantee that the bitcoin price will go up that high even if we hope it will.
I'm just assuming that his wife doesn't really understand the risks involved in investing in bitcoin. Well, I hope that the decision is right, and something like this is not recommended to do. It's better to invest little by little than in a hurry.

I hope your wife is aware of your plan  ;D

Of course, you can sell your wife's jewelry and invest money in Bitcoin, but no one guarantees you that you will get millions in the future. The price may simply not go up as high as you want, or it may even go down.

Risk Only What You Can Afford to Lose

You're right.
But the OP also spoke that it was financial conditions that forced him. I don't know what the OP meant. he said he had to. but if it's for investment then I think no one is forcing it. and he really doesn't have to force himself. Maybe besides being invested, he also has other needs that compel him. I don't know the exact situation.

 but as I said before that this does depend on the situation and financial condition of the OP's family. does the OP just don't have it for investment? while for the cost of daily life he does not seem too worried. so he and his wife dared to make this decision. that's probably what happened.

but if it turns out that he actually needs money more for his daily living expenses then of course this action is not justified. we must prioritize which ones are priority and which are not. but I'm sure the Op thought this too. and he must have read a lot about it in this forum.

Haha doesn't make any sense i am damnn sure your wife is gonna be mad at you haha.. you Should buy her more and you are even selling the previous ones. Take an advice bro gift her more. Anyway for serious i think if you are confident on your decision then stick to it and go for it without any fear the rewards will great.

The point here is according to the long term point of view your investment is worth of it but for the short time frame I cant say anything as the developments are not clear but after the April the major regulatory developments are expected. For the Gold there are some predictions that the Gold is gonna hit $10k until the 2025 and for BTC we cant even imagine we can hope so but one thing is sure that you wont regret.

??? What are you talking about?  It is the @OP's wife's jewelry and has been sold with his wife's consent to invest in Bitcoin.  How could investing in Bitcoin to be a super dumb idea?  If you speculate and calculate the possible profit once the Bitcoin uptrend, those jewelries can be bought again but the opportunity to invest in Bitcoin in a low price isn't always available.

I agree that we should only invest what we can afford to lose and I think @OP can afford if ever his investment goes southward.  But with the historical trend of BTC, the price will eventually uptrend.  It just needs to wait and have patience.

Since he wants to invest in Bitcoin by selling gold jewelry, he should invest in long term instead of short term investment. Short term investment will definitely bring some profit but long term investment will give more profit over time. But the more important thing is that since investing in Bitcoin you have to hold it for a few years. Moreover, according to the international market, the gold market is bullish along with Bitcoin, so you (OP) should keep this in mind if you are going to sell gold jewelry and invest in Bitcoin. If he keeps his wife's jewelery instead of selling it, then the price of jewelery will automatically increase day by day without any risk.

As long you wont really be making up some cutloss decision then even if the price would go down there's always the chance for it to recover and reaching out new numbers which would cause up for you to earn more.

When it comes to Bitcoin investment, even though it doesnt really give out guarantees but we arent that blind on not to see about its potential and it had proved out +decade already on whats its potential and
the earnings that it could give on just simply holding it for long. The important thing on here is that your wife did really approve out your suggestion and both of you did really have decided on
selling out those jewelries for Bitcoin investment so that there would be no regret if ever the price do goes south.

Gold is bullish, but this doesn't gonna profit same as what an user make out of bitcoin or other cryptocurrencies. Short term investment will bring good profit, but this is out of luck and the learning one has got with cryptocurrency. If not, you should have the learning to make profit through trading as there'll be large scale fluctuation regularly. The same can't be expected with gold. Gold is risk free an low profit oriented whereas cryptocurrency is high risk involved and provides with the best profit.

Not a bad idea to me though but I hope you've explain things to your wife extensively as 1 BTC might not be worth the 100k you're eyeing by 2024. Although, there's a certainty that BTC will surely rise after the upcoming halving, but no one knows for sure when it'll be activated for the bull run. Invest wisely OP

I think it would be wisest to invest in the current position Bitcoin is in right now. The price of gold is much higher than bitcoin in the current market, so you can sell your gold and invest in bitcoin right now. However, in the current market Bitcoin is in a bear market, very soon the Bitcoin market will go back to a bull market. So as soon as you recruit it will be very good for your future.

You know I remember I read an article before in way back 2017 I just don't remember what it was, where he sold all his property just to buy bitcoin. Take note he sold his house and land, and even if he loses a place to live, just as bitcoin.

     And when the value of bitcoin increased, he suddenly became rich because of the decision he made. Although, there is also a big risk of returning to him. Now, in your situation, there is nothing wrong if it is more important for you to buy gold than bitcoin, as long as you don't blame yourself for suddenly kicking the value of bitcoin.

I read a lot of such stories and they did not always have a happy ending. If a person is not mentally prepared for great volatility, then such actions can be very dangerous for him. A person sells an apartment, buys bitcoin, but the price continues to fall, after some time the price drops by 20%, then by 30% and everyone who understands the cyclicality will simply hold, they will understand that they have chosen the wrong entry point and you just need to wait, but an unprepared investor may not withstand such pressure and sell everything in order to save at least some money.

Then the price starts to rise, but he does not buy bitcoin, because it is already more expensive than he sold, and the price will not fall anymore because the bull market has begun and thus he lost a lot of money.

I am against selling real estate for investment, because real estate can already be a good tool for generating passive income. Diversify your funds into different sources and let each of them bring you money.

I think if making a profit from bitcoin if it is so easy, OP should not only sell gold but should sell all assets such as real estate, and houses... to invest in bitcoin because it will bring 10 times more wealth for him. We should all do the same thing and encourage everyone to do the same, and we will all become rich. LOL.

Not only am I against selling real estate to invest in bitcoin, but I will never be in support of selling real assets that are still being used to invest in bitcoin. It was a risky decision not only for us but also for our wife and children.
Don't forget the golden rule when investing in bitcoin: invest only what you can lose.

XAU/USD gold price fluctuates all the time in international market, currently gold price is $59.37/g in my country, you are right that gold price is very high in current market. If someone has this precious metal, he should sell it and invest in Bitcoin. I couldn't agree with that because none of you can tell whether the price of gold will decrease or increase in the future. However, based on the increasing competition, various developed countries of the world, developing countries are hoarding gold to maintain their liquidity standards, resulting in additional pressure on gold, resulting in an increasing increase in gold prices.Investing in gold from this point of view will not be bad. Moreover, no one can say whether the price of Bitcoin will increase or decrease in the future, the current price of Bitcoin may decrease much more than that in the future, so investing in Bitcoin is a kind of risk, so investing in Bitcoin by selling the gold currently stored is a kind of  Risky activities. Investing in Bitcoin definitely requires more due diligence.

Well, here you are trying to persuade your wife to sell her jewelry, then at first she refuses, but in the end she agrees. But don't have fiat money to make ends meet? My advice, meeting needs is important, so Bitcoin investment only needs a few percent. So stay realistic about what you need to eat for the day. In this case, invest a fraction of the extra money as the investment is long-term. Don't make it too difficult, this condition is normal, especially if you already have a family, there will be many risks of needs besides the dream of investing.

Both are promising investments for the future.
Don't sell your wife's gold or jewelry to invest in Bitcoin. If possible, invest both (Gold and Bitcoin) simultaneously without having to choose one of them.
Gold is a physical investment asset that is still able to maintain value. While Bitcoin is a virtual asset that is still able to maintain value for the long term.

I think you have made one of the best decisions in life. And I applaud your risk-taking propensity. A wife's ornaments are very precious things and not everyone can take the risk of investing in digital currency by selling those ornaments but you have taken that risk. Hope the plan that you have taken such a big risk comes true and since you have invested in bitcoins, hope you get good profit from it.

maybe you are confident about your investment in bitcoin, but if you don't have money to invest maybe you can collect it from work and increase the amount of your investment, and not just from selling your wife's jewelry.

Investing will win or lose, and that's not too bad, we can't expect to win all the time. But I disagree with him because he sells assets to invest in bitcoin. Assuming he sells his wife's gold and the investment continues to lose money, he will most likely find a way to sell his real estate for investment. Meanwhile, we have many other solutions like he can get another job or save for investment. That not only helps him not to be pressured in investing as well as when the investment fails, he still has other assets to cover his life.

Perhaps the OP is right in this situation, since this investment in bitcoin from his wife's jewelry will bring profit, then he will be able to buy new jewelry for his wife with a part of the profit.

But he did not write that he would sell real estate for this, so I do not see any big mistakes in his actions. I probably would not sell my wife's jewelry to invest in something, I tend to believe that if we want to invest in something a large amount, then we need to increase our financial flow for this. But each person makes his choice based on the situation in which he is.

Hello OP, if you haven't sold your wife's jewelry then you can sell your jewelry soon and wait to invest in Bitcoin. There has been a big fall in the Bitcoin market and now is the perfect time to invest in your Bitcoins. Bitcoin market was above 22000 when you decided to sell your wife's jewelry Now Bitcoin market is below $20000. If such unstable condition prevails in the Bitcoin market then the Bitcoin market may fall below 17000 then you can invest in Bitcoin by selling your wife's jewelry. Also if you have already invested then you have to wait till the market goes up.

Let's imagine that you have invested the proceeds from the sale of jewelry but your investment will not give you a profit, what will you do then?I also don’t understand where you get the idea that there will be a big increase after halving?Hold jewelry like an asset of gold that costs like gold, don't do it, look for other ways to invest in bitcoin.

We all in here are not saying it's a bad idea for op to sell his wife's jewellery to buy bitcoin and as a matter of fact, since oo mentioned the item to include gold which is also a good investment and less volatile compared to bitcoin.

And since we know how emotional women could be sometimes, it's better to give the the chance to take the risk themselves.

But since op already bought bitcoin with the proceeds am sure he is ready to have a long wait to cash out the gains he wants.

Tell your wife this:
Sell them now, I'll buy them back in 5 years with 10X more.

It's pure fact because those that invested in bitcoin few years back, assuming close to a decade, they're in their luxury cars and good looking houses. They made gigantic profits from the market and they're referred to as the whales. I'm at a level where I need gathering solidly to my foundation with important tools inother to triggered profits at the end. Sell your wife's jewelry and using it to bagged more bitcoins, trust me you will be the one smiling at the end. Bitcoin have a promising future and it doesn't require anything but it's place at high level of risks. 

But we know that those are just applicable into those times on which the price is still cheap which it cant be possible for things to have that multiple fold considering on the current price of bitcoin and this is why
its better not to give that kind of hope or idea in mind because it cant just possible.Yes, it does have the potential but 2x-10x is the only maximum i could see but well theres no one could able to
tell on where we do go.

Selling out something for the sake of Bitcoin accumulation isnt really that a bad idea but of course you should really know about the risks involved.It could neither give out positive
or negative results which you should really be that prepared of.

Never put all your hope or expectations into crypto because you risk getting disappointed.

I get that you don't want anything to prevent you from buying bitcoin, even if that means selling your wife's jewelry since you don't have any currency on hand. But It doesn't seem appropriate in this situation to sell your wife's jewelry in the anticipation that bitcoin would reach $100k at the halving the next year because you can never predict where the price of bitcoin will end up (Although many anticipate for any increased price of bitcoin due to the past halving season that has occurred).

Try your best to keep your expectations low and refrain from selling your wife's jewels because your prediction of $100k is not a guarantee that it will materialize.

I can never be part of this kind of investment that is why I see it as a bad idea for op to think of seeling his wife jewelry just to purchase Bitcoin no matter how hard life may be. This is never a good idea even though the wife finally agreed with that. It is against her wish and if she had decided to give her jewelry out for sell then that is different from this one trying to convince her for nothing.

The question here is does your wife agree with this?
It is her jewelry and she might consider it as something more valuable than money because of the memories that she had on those jewelry.
There are times that money couldn't overvalue those things so you should also consider it.
For me if it is about the money then it could be worth it, but if it would somehow wreck your relationship then it is not worth the risk.

In my opinion, selling jewelry to invest in gold is a very reasonable investment. 

We can say with a high degree of probability that the price of Bitcoin is now close to the local minimum (and unequivocally say that the price of Bitcoin is not at its maximum levels). 

The price of gold can also rise, but gold has an industrial use, so regulators will not allow its price to rise too much (this could hurt the economy). 

As for Bitcoin, its price can easily increase 10 times and reach the price of $250,000.

At first glance, this is a very bold and enthusiastic decision. But what is the gold lying in the box? Yes, it is an asset, but its price has already been set, and we still do not know the true price of bitcoin. But of course this price is more than a hundred thousand dollars. I believe that the author of the post will be able to increase his capital, and buy back the gold with a vengeance. And plus buy another nice house for your wife.

And its price might drop extremely too, something we don't hope to be happened but very possible for that. Some people even me believe the bitcoin price can be so high someday, but the main concern is, its price is decreasing when this couple need money urgently.

he has said that his wife agreed in the end bro, but i think his wife might have been a little forced and finally had to give up the jewelery because she believed and supported OP as her husband. because it is not easy for some women to just let go of their jewelery for no apparent reason.


but I'm sure of course they will have discussed it carefully, because before that OP had explained and asked permission carefully from his wife, right?
everyone will try to take advantage of the opportunities that exist and sometimes dare to take big risks, especially when it comes to investing in Bitcoin. because there is no doubt that Bitcoin has proven its existence to date, even though it is very volatile.

I don't know about you but I don't trace this as an idea at all, many folk would rather sell stuff that don't have much value to them while they still can and purchase bitcoin which later yield them little or huge profits in the future. But one thing that needs to be noted is whether the asset sole is still of use or not because selling something is of good use to you for a bitcoin investment is rather obnoxious knowing that bitcoin is volatile and your investment could go downside if the price experience a big dip.

I'm sure with the potential prosperity that the small sacrifice could bring, a rational wife would understand the reasoning that if the investment in Bitcoin succeeds, the jewelry can probably be bought back at with Bitcoin left over as profit...and if it does not work, well, I wish you luck LDL :D

Maybe his wife agree on this, you just don't sell someone's jewelry if you have no permission. Let ask first before you sell because if you just sell it and your wife didn't know that you sell her jewelry and that jewelry is important to her, that will be worse and there's a chance that she will file a divorce and her life will be worse also. Investing bitcoin is very risky, don't rush your life just to make rich and you have no clue that bitcoin will drop. Try to think and understand what you're doing and don't rush yourself(for others who seen this post, this is for you also)

If these are wife's jewelry, then why should they be perceived as a means for investment? After all, gold is an investment in itself, and these jewelry were probably someone else's gifts for your wife, maybe even yours, so they can be associated with some kind of pleasant memories. And probably there are not so many decorations to make it a significant investment. Of course, it is up to you to decide, perhaps it will bring benefits if you set a goal to sell bitcoin when it grows to a certain level.

I hope that you at least asked your wife permission to sell it

The belief that you have in Bitcoin dude is good, and you have been honest with your wife in this matter, and your wife has also shown her trust in you. But it seems that you didn't mention to your wife the risk that can be faced by investing in Bitcoin. It's like you used hype for your wife.

I hope you also explained to her that it also has risks somehow because it is not clear how you fully explained to her why you need to invest in Bitcoin.

Now as for gold and bitcoin, they are both good investments for me.

I believe he didn't tell his wife because he was concerned she wouldn't agree with his plan. He made the wrong judgment because I see him being controlled by his emotions because he was in a hurry. There is a strong likelihood that persons who do not tell their partner about their goals in detail will fail. I had a similar incident in 2021, due to my lack of information about cryptocurrency, I was hyped. I revealed my plans but not in full detail, which is why he agreed. As a result, I suffered a financial loss and she is affected too. As I previously stated, it does not always occur, but it is preferable to be cautious.

I get that you're trying to say that buying bitcoins is more important than jewelry, but jewelry is very important to women because some of them inherit it from their parents. While it's not necessarily a bad idea to sell your wife's jewelry, you should think about the situation first. You might not think much of jewelry, but there are some places where women value it, particularly when attending ceremonies. It's crucial for a woman to have a lovely appearance and treat her husband well.
Everything has its own values, some of which will matter to you and some of which won't, is what I'm trying to say. Selling your wife's jewelry and investing the money is a smart move because you'll both appreciate it in the long run.

Yes I definitely took my wife's permission to sell jewellery, but happily I sold 1700 dollars worth of jewelery and returned the rest of the gold to my wife without selling it. Today I have grown that $1700 to over $2000. Making $300 profit by selling my wife's jewelry is a real joy because if I had kept the gold I would not have made the $300 profit. Now my regret is that I did not sell the rest of the gold and returned it to my wife. If I had kept it invested in bitcoins instead of giving it back to my wife, I would have made much more profit today.

I observed the market around the time you sold your wife's gold jewelery and invested in Bitcoin. And if you hold on to that investment till now, you might be able to make another piece of jewelry for your wife with the amount of profit you have earned so far. But at that time if you had not sold the gold and kept it like that then maybe you would not have earned so much profit today. But not without appreciating your risk-taking. What could be more important than that you take risks and your wife supports your risk taking tendencies.  Congratulations to you.

You did right!
And well done to your wife for making the decision and realising there were gains to be made.
As I said in my last post in this thread, they are only material posessions, they can be replaced,
obviously there are items with "sentimental" value which are more difficult to replace.

You will certainly see bigger gains by HODLING you Bitcoin than Holding Gold!

Dont worry about the market price now, HODL for the future!

This depends completely on the purpose of the investment. The good thing about investing in BTC is that its value can be easily converted to cash by engaging in p2p exchanges and services in the event that they need the money for some urgent purpose.

Personally, I would have done the same thing if I have the luxury of having jewelries that can be disposed of for investment purposes. While precious metals are already considered as investments, I still prefer investing in cryptocurrencies due to its volatility- either investing for short/long-term depending on its price on the market.

Bitcoin is a much better investment than good for many reasons. I would be very careful selling your wife’s jewellery though. If she loves them for sentimental reasons then you better be damn sure that you are going to make good profit in quick time.

If she is willing to give you at least 10 years to sit on your bitcoin & do nothing then it’s as close to a guarantee as you can get that you will turn her jewellery money into major profits.

Not only bitcoin but gold also increases in price over time, although bitcoin has gained hundreds of times more than gold in the last 10 years, no one can guarantee that the price of bitcoin will increase hundreds of times more than gold in the next 10 years. So if this jewelery is op's wife's only jewelery and she has no alternative jewellery, then op has made a wrong decision.  But if op's wife has alternative such jewelery then this decision is not op's wrong. but the op's actions should be commended.  And wish him success in his plans

I don't see anything wrong with what you did because the result was good and your wife was also happy, right? so I think that's okay.

     Then there are still many opportunities for you to do that again and it's not too late in these opportunities, you can still do it again in my opinion, so I still congratulate you anyway for the profit you got.

I don't usually respond in such threads, to be honest, and of course, I don't when it's on 10-11 pages, it's kinda spam mega thread. Hhampuz, you can ignore this post when counting the campaign post. I'm only interested to post here because LDL, the OP is from my country.
LDL, I don't know how you decide to do so and how you convinced your wife but you know jewelry is a precious thing especially when it's something you have gifted your wife. Imagine, you have lost most of it and your wife is blaming you for that. I'm sure the regret will be such that you can't take it anymore. I'm sharing my opinion based on the culture of our country. Jewelry is something an asset for your wife, that's your wife's personal asset. What if you have lost them by investing in Bitcoin as Bitcoin may have a long-running bear market? The possibility! Your wife won't understand that you have lost them by investing them into Bitcoin or whatever. What she will know is you owe her the jewelry.
To invest in Bitcoin, try doing something extra. Spend your idle time earning some money and invest them into Bitcoin. I always wanted to invest in Bitcoin from the money which don't impact me by any means. Even at the beginning, I was hesitating to invest my earning from my small business I have locally. You have done something you shouldn't. Some may argue with me here but my opinion is based on totally the culture in our country. People should know what jewelry means to a Bangladeshi women before they share their opinion here.

You make me remember the story of CZ. Guy sold his apartment @ China and bought BTC @ $600. Then BTC dropped to $200. In 2021, BTC touched $60000 and now trading around $30000. He is still around and recently bought a mansion @ Dubai.

https://twitter.com/cz_binance/status/1064901607425376257/

https://www.bloomberg.com/news/articles/2021-11-19/binance-chief-zhao-buys-his-first-home-in-pro-crypto-dubai

Be a strong hand. One day you'll be able to return the jewelry to your wife and buy a home for her. May be you'll be able to afford another wife as well. ::)

Op why must be your wife jewelry and not yours? I hope you also have some valuable and fashionable mental like wristwatch, necklace walking sticks and hats, etc. And all those things you have, and you prefer to sell your wife's own. Investing is a very good idea but I will not support the idea of using wife properties.

Although this does look the same but of course I think there is a slight difference in this.
When talking about wife's jewelry, even though it was indeed bought with the money you gave, I still think it belongs to your wife and actually I feel quite exaggerated to do something like that because investing is indeed very good but you don't have to sacrifice what your wife has .
I think there is such a thing as a better course of action with some of your own savings than auctioning off your wife's gold and investing the proceeds from the sale for bitcoins.

Many people are eager to sell anything to invest in bitcoins, including houses, gold or anything else of value. Even some people will take out a loan to invest, but I would not completely blame them if bitcoin was an investment choice.

Even though bitcoin is a fluctuating asset, especially regarding its price, in my opinion bitcoin is an asset that has a good performance compared to gold. The OP very likely realized that bitcoin would give him a fairer return than gold, so I agree with the idea. But whatever it is, the risk should still be considered instead of just thinking about returns. Not only about price volatility, but wallet security risks also have to be taken seriously.

I am sure @OP is somehow happy with his investment now that Bitcoin has increased in price from the date he sold his wife jewelry to invest in Bitcoin.  The move is not in vain and proven to be profitable.  I wonder if @OP is planning to cash out the profit of his investment or stay to hodl the Bitcoin investment until the next Bitcoin uptrend.


I would do the same but I will invest not because of its volatility but rather because Bitcoin market is in the late bear market or early bull market and Bitcoin is a known trend that it will increase in price after halving and the possible breaking of ATH a year after the halving. 

Extra money from side income like most forum members do nowadays, from signature income, bounty or even airdrop.
I also applied this when I started investing in Bitcoin, I never use my monthly salary for crypto for the reason that I don't want to lose my salary when crypto crashes. not mixing monthly salary for daily life and money for crypto or investment.

Everyone does have their own view on investment and where to source the investment from.
If OP used his wife's jewelry, it would be a debt to be reimbursed anyway.
But it seems that OP has benefited from the beginning of his purchase until now the price of bitcoin has touched $30k, but will he sell his bitcoin holdings and buy gold again for his wife?

It all depends on the main purpose of the investment.
If you enter the bitcoin market because you know a bull market is coming soon and can reach a new ATH, then you should hold it until that target is reached.
We need to see if the Halving will happen soon. This will be a bullish trend and a good time to sell.

If he had sold his wife's jewelry then and invested in bitcoin, he would have made a profit now. But I won't be like him because we don't know what will happen with bitcoin in the future. What if bitcoin doesn't go up but goes down? What will happen to the wife's jewelry?

There is no certainty that we are at the end of bear season and bull season is coming. If you can be sure, why not sell your house or property to invest in bitcoin? Don't forget the saying we still remind newbies every day "Only invest with what we can lose"

As long your wife is okay with it and well-aware of the risks as well as the “no promise or guarantee” thing, then that’s fine.

In your statement here you said that it could have a chance to go “x10” in 2024 because of the Bitcoin halving. Real talk here. Bitcoin can’t guarantee you that. No astronomical or guaranteed returns. That’s what you need to prepare.

The concern is what if in the next day, week, month or so, BTC had “tanked” because of another “big bad news” similar to FTX, Terra Luna, bankruptcies, etc.? The truth is that we cannot avoid another bad news in the future that would tank the market.

Are you prepared for any circumstances like that later on especially that it’s your wife’s jewelry?

Coz’ I have seen some social media posts on FB, Twitter, etc., in which their partners have decided to broke up with their spouses, file divorce, etc., because of this kind of stuff. Just saying.

If I were in your shoes, I would rather look for extra ways to earn money and use it to buy Bitcoin rather than getting it from our salary, items with real value (especially jewelries), etc.

i can not give advice to sell your wife jewelery for bitcoin investment it is the right choice. Because in my opinion both are good investments. The decision to invest should be based on careful consideration and should not be taken hastily. It is better for you to explain again the risks regarding bitcoin and most importantly the wife's jewelry that is being sold must have permission from your wife so that there are no misunderstandings in the future.

Regarding the statement that Bitcoin is a better investment than jewelry, it should be remembered that Bitcoin is a very volatile asset and its value can rise and fall quickly and suddenly. Even though Bitcoin has provided significant returns for some people, there are still many risks associated with investing in Bitcoin. Meanwhile, jewelry has sentimental and historical value that can maintain its value for a long time, and can be passed on to the next generation as a family heirloom.

Therefore, before making an investment decision, you should do thorough research and consideration to ensure that the investment is in accordance with your goals and risk profile. Always remember not to take risks that you cannot bear and always consult your wife first if you feel the need.

Agreed, OP has taken a right decision in that regard. Because he realizes that Bitcoin is going to be bullish after a certain period of time and if the price cross it's previous ath ‍, he is guaranteed to make a big profit. Moreover, Op must not take such a big decision without his wife's permission. He succeeded in convincing his wife about the Bitcoin situation which may have helped his wife to sell her jewellery. If he had sold when the OP made this post he could almost withdraw his investment if he want. However, it seems that he must plan for the long term with the potential of the market.

Can we pin this thread as one of the most hilarious threads here on bitcointalk  ;D there is no issue to invest also large amounts of money into bitcoin or any other currency or asset. But there is an issue if you invest the money of somebody else with the expectation that it will easily give you a 10x return. This is simply nit guaranteed. But as it is sometimes lambo or divorce  :D

In as much as we predict the market, our prediction is still on 50/50 chances, no one knows what will become of Bitcoin tomorrow or in 2024.
I believe your wife gave you the go ahead because she feels after 2024, you should be able to replace her jewelries, have you thought too, what if Bitcoin doesn't rise?? Would the be an explanation you could give her to take her down??

Bitcoin might not cross 100k in the next bull market, the last ATH is 69k, and the next one can be 95k max, it is always advisable to have a target on all your crypto holdings and start talking profits once the price becomes real.

I don't buy the idea of selling something that belongs to my wife for investment because we all know women, I would rather sell what's mine, as I did a month ago when I sold my land to buy Bitcoin, I don't see any reason not to because I still have many more lands.

If your wife want to become a Bitcoin holder by selling her jewelries then it is good for her, you can help her sell the jewelry and hand over to her the Bitcoin, do make sure you teach her the right procedure to keep her Bitcoin safe.

Agree with you because gold is stable as compared to bitcoin. Selling one thing to put money in another thing which have no guarantee is not a good way in my opinion.  I think that you should store this gold because it will be more worthy in future and there is not such higher risk in gold investment as compared to the bitcoin.


Yes 2024 will be good year because coming years will be a Bull year with occurrence of halving but crypto is really volatile there is no surety but the value of gold cannot decrease more. It was noticed previously that after each halving the price moves in positive direction and it is investigated the price boost after each halving but we don't have actual knowledge about the future and we are not sure about the increase or decrease movement of bitcoin.

Bitcoin is a potential coin and we know bitcoin has a bright future but no one can guaranteed that when bitcoin will high pump like 4x to 5x and when you will sell your any valuable assets and invest in bitcoin then you must have the imperfection of that thing and the incompleteness of that thing can cause you many problems at times.  So don't invest in Bitcoin by selling anything that might get you into trouble

I would suggest you to take full consent of your wife before selling her jewelry, as it is always important to maintain open communication and mutual agreement before taking any major decision.  Regarding investing in Bitcoin or Gold, both have their pros and cons. Gold has been a long standing store of value since centuries, and  in early days of civilization it was the first currency to be used for trading goods and services. Bitcoin is relatively new asset but it has become very popular due to it decentralization and potential of high returns.

Ultimately, its your decision to sell jeweley to invest in Bitcoin which depends on your financial situation, goals, risk tolerance and investment strategy. It is always a good idea to make your own research before taking any investment decision.

Yes I think that's right there are some people who think of investing in Bitcoin most of the time they either take a loan from the bank or sell their wife or family member's jewelry.  We can see these from different topics. I think it would be best to invest if we have money without thinking about these things. If we invest in Bitcoin, we have very little chance of losing. I thought I would invest some of my money.  At Bitcoin.

Most people invest in Bitcoin by taking loans or selling jewelry?  Do you have any idea how much that might be?  Where did you find this out? It's rare to see someone sell their valuables or Necessary items or take a loan to invest in Bitcoin. those who do this are at high risk, but if the Bitcoin price pumps up to their target and can sell at the right time, they stand to make good profits. But in my opinion it is not right to do so.  Everyone should invest according to their ability

It is best to invest according to one's ability to invest.  What OP has done here is as good as it is risky in other ways. If he can make profit in investment after investment then surely it will be right decision for him. But if he loses here, it will be a very bad thing for him. However, the next halving of Bitcoin is expected to be in 2024 and its risky investment will bring a lot of success. No one will ever be successful in investing unless they are willing to take risks.

I would not recommend selling the wife's jewelry unless she wants to, although having that money and then putting it in bitcoin is not a bad idea, because it would multiply the money that can later buy those jewelry again, but making that move with her consent, and well I don't see it badly, I also agree when someone borrows money to be able to invest in bitcoin, this when they can pay the loan, because it is not known when the bticoin will increase, or bvaje de price or something like that, but I wouldn't last it is to sell jewelry and buy bitcoin, I would.

If I see this risky person is already in favor of profit. If he is invested on Bitcoin on 1 march 2023 then the price of bitcoin on that was around 23k and now it is touching around 30k. I think it is not that  bad idea because he is investing on bitcoin I  think at the end of the day he will definitely able to catch some good profit. But jewelries if made of gold is also a good around stable asset if we see that gold price is also going to up . Even then I will not suggest to everyone to invest on it .

This can be a little risky,and at thesame time can still produce something superb.It isn't bad when you have an asset and sell because you want to invest in Bitcoin,but you have to still know that it is quite risky to do that because nobody knows when the bitcoin will rise and when it will fall,that is why it is always good to make research and to know the season when Bitcoin rises and when it falls.If a jewelry is sold because of Bitcoin,and at the end of the day the end product becomes positive and yields good result,it is still very good,but when it becomes dormant,or it falls is when it can be problematic to the investor.Which ever way will be okay,it's just still good to try your luck and see whether you will be happy at the end if the day or not.

Many voices have sounded the alarm about the risks that you may face. It is a well-known fact that no one can predict the future, no matter how hard they try (except for luck in guessing).

If your jewelry only constitutes a small portion of your wealth (possibly less than 10%), and you still possess a multitude of other assets that can keep you afloat even without it, then your decision is not bad.

When it comes to the future of Bitcoin, everyone seems to have their own arguments and speculations. Nevertheless, it is crucial to bear in mind that no one can guarantee that the future will unfold as expected. The demand for Bitcoin is highly dependent on the trust that its owners have in it. Therefore, maintaining this trust is vital to sustain its demand.

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Undoubtedly, it is true that in order to achieve any goal of significance, one must be willing to take a risk and put something valuable on the line. However, it is crucial to remember that taking a significant risk without carefully considering the consequences can be extremely dangerous. Bitcoin is an asset with significant risks and potentially high returns.

After a long thought about ops decision to sell his wife's jewellery to buy Bitcoin, I came to the realization close to what Ops thought before taking this route and that thought is the same as if the jewellery is of value and it includes gold and other precious materials which are convertible into another asset such as Bitcoin then I don't see anything wrong in ops decision even though his decision is a risky one and he may lose a large portion of that investment if the price of bitcoin suddenly slides below his bought price.

That way the ops will have to wait for an unspecified time, which has to do with a lot of patients waiting until the price will pick, and in the other hand, ops could become lucky such as now that the price of Bitcoin has risen significantly ops will be at profits right now since he bought the bitcoin at the previous discounted price.

Making up decisions on buying or investing on something does really need up in both decisions wife and husband which this doesnt should involved any secrets or hiding up something because this would really be in resulting into lots of trouble if one will be able to find out on what you have done. Selling out your wife posessions without even trying to tell her would definitely be ending up on quarrel or really be having those
possible argumentation on what you have done.Its better to let her know on what are your plans if ever if you dont have the money to invest rather than on stealing up her belongings which is
something that really goes out on border line or something that you dont respect someone with this kind of action specially on your wife.

This is also what I think since if you think of it the potential of it as an investment you could make its value be doubled someday. But this is still a risk that both the op and his wife need to fully accept. Always consider the risks and its benefits so that you can weigh in how successful you could be when you do this.

I think it's the wrong choice if your wife is the only jewelery she has. I think your decision to invest in Bitcoin or gold depends on your economic situation and condition. Investing in Bitcoin carries a higher risk than investing in gold, because the price fluctuations of Bitcoin are much bigger and unstable. However, Bitcoin also offers greater profit potential in the long term.

However, it is important to consider carefully before investing in Bitcoin. Don't just be tempted by the huge profit potential, but also understand the risks and drawbacks of these investments. As for saving in gold, even though it doesn't offer big profit potential in the short term, gold can be a safer and more stable choice in the long term. Gold price fluctuations tend to be stable and not too risky, so it is suitable for long-term investment.

Regardless of the investment option you choose, be sure to consider it carefully and always focus on the long term. Don't get too tempted by the potential for big profits in the short term and avoid making emotional decisions.

First this has been a very bad idea and worst investment decision anyone can make, bit then you were lucky to have taken this step at the right time and indeed this will pay off just as you are already at profits already since you bought those Bitcoin when the price was still below $20,000 and now we are above ¢30,000 at the moment which put you on a 5% gian at the moment, secondly my good friend LDL you will need to make efforts to make a replacement for those jeweries for your wife in other not to keep her waiting for too long, at least while you wait for Investment make profits, y should use your other resources to get your wife a new set of jeweries as a conspesation t this action because your wife must be an understanding person to have agreed to your siggestions.

I think you need to decide or think twice before doing this, you know what bitcoin is unstable and sometimes its price is slowly moving and you need to wait so many years before you can get profit from your investment, however if you will be lucky and btc rise next year then you will earn, i hope you only invested an amount that you can afford to loss and i hope you're wife already understand bitcoin, because it really need a proper understanding.

It is true that sometime we have to take tough decisions to achieve a significant goal which can potentially transform our lives, and such decisions are always associated with risk. However, it is very important to carefully evaluate pros and cons of such decisions because many times in life thing unfold the way which we had not anticipated. In my opinion, Bitcoin can be risky in the short term but its long term potential to outperform is reasonably assured to certain degree.

It is good that you have taken the initiative of investing. But selling your wife's hobby and investing in jewelry is not good in my opinion. Because there is no guarantee that you will make a profit by investing. What to do when you can lose by investing? But I think you will get 80% profit on your investment .

This jewelry belongs to your wife, and I would have said No that it doesn't make sense only if had she not given you the consent to go ahead & sell her jewelry to be used for investing in Bitcoin, because the fact that she saw the potential in Bitcoin and gave you a go ahead, who am I to say No.

Gold was a good option for investment many years ago, but in this 21st century, Bitcoin has taken over the game, and as such I will advise you to invest in Bitcoin rather than Gold, as it has got a good tendency of skyrocketing high after next year's halving.

We must be fully aware of the risks involved in investing in bitcoin. As a high-risk asset, we must also be wiser in investing in it. and investing in bitcoin is of course also more suitable for the long term. and when talking about the long term, we must be prepared for anything that can happen to bitcoin, which has high volatility and fluctuations. I personally prefer cold money. so mentally it won't bother us in the long run.

I have been following this topic for a while now and since it is some time ago now that this discussion was kicked off, I wonder if OP has decided to sell his wife's jewelry yet? Interestingly enough, he would have already made 30% gains if he sold when he launched the topic.

Now saying that it goes 10x util 2024 is very optimistic. That would need an influx of almost $6 trillion from where we are now. We have seen unbelievable bull runs in the past, but the higher we go, the harder it gets from any new base level to go several X up.

Some people have a way of investing in bitcoin, some sell gold jewelry, sell vehicle goods, sell property or bank loans for the sake of just wanting to invest in bitcoin for multiple profits, while in that way some say it's wrong and shouldn't be done because basically selling important assets for bitcoin will have a big risk even though we believe how cyclical bitcoin growth is of course it's all long term.

How about him do you have an emergency fund? If there is an urgent need later, of course this needs to be considered because it is better to invest in bitcoin with cold money what do you say.

To be honest, I will not force it just for the sake of bitcoin, while I get more from work or what is called bonus money, I will put it in bitcoin and this is my own way to start investing while the assets I have will of course be maintained as diversification.

So that's right, that's what I did to invest in bitcoin. I only use cold money and yes, when I have extra money or bonus money from my job, I also like to use it to invest in Bitcoin. Those who have the audacity to invest in bitcoin by selling their valuables I cannot fault what they are doing. but I hope they stay away from pushing things too hard on them. it is better to invest slowly and gradually and consistently as with the DCA strategy and of course with money ready if you have to lose.

My opinion is same like you.Because you should earn some money then save that money in cryptocurrency.He should analysis the market well and find the gem of current market.Then he should earn some profit from it.He should reinvest the same money to earn additional profit from it.Like wise he need to repeat till he gain 3000$ as profits.Then he can easy invest to avoid of using his wife jewels.Because every month their will be interest for the jewels,when you take huge time for the profit from investment.All your profit you need to give to the interest of jewels.Avoid of jewels and use your income to do business.

Do you need to make sure that your wife agrees with you completely before investing? Do you understand the risks of investing in Bitcoin? Whether he can take this risk with you?  Make sure beforehand that if the money is unfortunately lost after investing in Bitcoin or if you fail to withdraw the money, the full blame will be placed on you or only you will be held responsible for the loss of money. Before selling your wife's jewelry and investing that money, make your wife understand Bitcoin well. Talk about Bitcoin price hike then invest if your wife agrees with you and readily agrees.

from what the OP wrote, it seems that the communication between the OP and his partner is very good because there is no objection to the decision to sell gold to buy bitcoin, even though selling valuables such as gold to invest in bitcoin is quite risky but without taking risky actions one will not get surprising results and according to many people's predictions, the price of bitcoin will continue to rise and there is no waste in that decision. if the OP had really done that, then at this time the bitcoin investment he was doing was selling his wife's gold not a loss but a profit.

I hope your investment will definitely give you profit .Because Bitcoin is much more expensive than gold.It feel really good to see your focusing on your longterm holding and making investment in Bitcoin until the Halving.The price of gold increase very slowly.Investing in Bitcoin can make you a pretty good profit and there is no mixing in it. It is a secure investment as compared gold .
But it cannot analysis be done yet Bitcoin will go to 100k until halving .If look the price of Bitcoin So now is the breakdown .

That is if you are truly invested for the long term. Good job done, but if you don't observe the proper use and precautions of Bitcoin, you have to face a lot of losses. However, no one notices these things while investing. However, it is better not to invest too much in the wrong place when using Bitcoin(Ex. do not buy or trade 'shitcoin' pair with on your bitcoin).

 I respect your emotions but i thik it is so tuff 10x profit within 2024. You sold your wife's ornaments and invest on bitcoin i think you will be profited today or tomorrow. But i am not agree with invest on crypto fron loans or Assets return money. I wish you will get big profit from yours wife's jewelry selling investment. I think within short time bull session will start and your investment will hit your thinking and you will get your required profit. Many many good wishes for you.

You said that you support that Op should sell his wife's jewelry to buy bitcoin, that what you do not support is taking a loan to invest in bitcoin or selling one's assets to invest in bitcoin. If I should ask, is a golden jewelry not an asset?

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In my opinion, OP shouldn't sell a property that is not his. Besides gold is a good investment. He should leave wife's jewelry because those jewelries make women happy, unlike bitcoin she cannot see or wear to occasions.

I think it's morally and ethically wrong to sell your wife's jewelry without her own consent even if you can earn quite huge profits by selling her jewelry. Investing in Bitcoin is a great thing but only for the ones who have spare money because selling your assets for purchasing of Bitcoin isn't recommended at all, and anyone who does that can face huge problems due to the volatility of the market, and also because of someone less understanding of the technical aspects of it.

I understand that the wife was not opposed to selling her jewelry, but this does not change the fact that it looks more like some kind of adventure. As sure as the OP is not into bitcoin, there is still the possibility of a protracted bear market, but what if it lasts too long and the next bull market comes in 15 years or more? You need to proceed from the funds that you have to buy bitcoin.

To be honest, it is difficult to decide what the investment goal will be without having basic concepts and basic knowledge about Bitcoin.  But if you aimlessly invest like throwing stones in the dark, it will not be possible to get the benefits you want from the investment. Gold is called 'safe haven'. Investing in gold is always safe. Although gold prices are closely related to the global economy. The time of uncertainty is actually the golden age of gold. The higher the inflation, the higher the value of gold.  Historically, the price of gold rises the most during periods of high inflation. In that respect, gold does not to Bitcoin. Invest is essentially a high risk platform, in which case you may profit or vice versa. The source of your investment capital must be such that you have spare cash on hand. Therefore, you must set a time-appropriate goal judiciously to reap the benefits of your investment.

As long as you understand that the property you will be selling own by your wife is that she's okay with it. And always double think that sometimes your wife might always agree with you because it talks about money. But sometimes those valuable have sentimental value that couldn't be bought by money such as the memories like given by your grandmother. But if you guys doesn't really have any other alternatives option to earn money to invest in Bitcoin then go for it. But in my case, I would never touch my wife's jewelry it's like their own thing like the guy loving their own cars. I would find a stable job and plus other side jobs to have extra money to invest. We know that the earlier the better since Bitcoin's value is affordable before it reach Bull market. But I would take my time to have the funds to enter the market without selling my wife's properties.

Since you have invested in Bitcoin it can be a good move for you. But if you are investing now then you must be aware of the various risks that will give you future returns. If you are looking at the current price of gold, it must have increased significantly compared to the price of bitcoin, in which case you may have lost a lot of money by investing in bitcoin. Gold is a real asset that can rise in value at any time, but once the price of Bitcoin goes down, it takes a long time to go up. When inflation starts in a country, the value of gold increases rapidly, but the value of Bitcoin does not increase as much.  Bitcoin has a certain period of appreciation which happens every few years until there is a bull market and you may not get any profit from your investment. So I think your investment may not be profitable for now but it may be profitable for future. But you should have kept the gold and saved some of your earnings and invested it in bitcoins.

Indeed basic knowledge is needed for anyone who wants to start investing in any case. Included in bitcoin which actually requires more research and analysis. The purpose of the research is to build our fundamentals and confidence in investing in the field. Because when we are sure of the potential of an asset, we will not hesitate to invest in it and will be able to hold it in the long term. But when we are not ready with basic knowledge that makes our beliefs easily shaken by market conditions. And this is not good for the investor. Because if he invests without basic knowledge regarding the chosen asset then he will be easily influenced by Fud and the like and will make him unable to hold back. It can even make someone let go at a loss. And that is something to be avoided. Only enter something when we are sure of its potential, no matter what fud will appear in the future.

It's been five months since you created this thread. I don't remember if I have ever posted in this thread. But I am curious if you have sold your wife's jewelry to invest in Bitcoin. If you already did, what is your current position? But, if you did not, I will suggest you not do it. You should earn and then invest in Bitcoin that you can afford to lose instead.

There is no guarantee that Bitcoin will do 10x or 5x. I understand it's tempting not to invest while you already know that Bitcoin will pump in the long run. But you never see the future. You never know how long it might take.

         It's just incredibly stupid to sell your wife's jewelry to buy Bitcoin. In some ways, this reminds me of the actions of drug addicts or gamers who need to get money at any cost. If nothing will work out with this money, then how can you explain all this later?
         No, for me this option is completely excluded. I agree with you that the best option would be to find an additional job or part-time job for a while.

Bitcoin is the best coin in the cryptocurrency world and has the highest demand and market value.Bitcoin is essentially a digital currency that exists only online.This Bitcoin was created by Satoshi Nakamoto. Satoshi Nakamat wanted to introduce a computerized transaction system and chose Bitcoin as his index.There is no third party involved behind these bitcoin transactions as the account will only be on the computer. But Bitcoin is more volatile than gold as an investment medium.Gold on the other hand is an ornament used by people since ancient times.Earlier people used to buy this gold and hold it for a long time but now people are investing more in bitcoins.Because the price of Bitcoin was at one time much higher than the price of gold.The price of gold does not rise as much as the price of Bitcoin.
So I think investing on Bitcoin is the best venture and rational.