Invest in Bitcoin by selling wife's jewelry

[AmoreJaz]

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.

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

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.

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...

[Oilacris]

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!

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.

[decodx]

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.

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.

Moreover, after 2021, the entire year 2022 was a bloody chapter for Bitcoin.

It is foolish to think that it cannot happen again.

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.

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!

[KennyR]

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.

[dunfida]

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!

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.

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.

[rojan]

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?

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.

[lienfaye]

whether selling my wife's jewelery and investing on bitcoins makes sense?

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.

Is it reasonable to invest in gold rather than bitcoin?

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.

[HajiBagi]

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. 

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.

[Cryptmuster]

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?

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.

[Popkon6]

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.

[Outhue]

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.

[TopTort777]

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.

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 ? Indeed the kids will benefit from jewellery in future - it will be their starting capital 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.

[Aanuoluwatofunmi]

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?

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.

[DanWalker]

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?

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?

[bounceback]

-snip-
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?

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.

[ethereumhunter]

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.

[coinerer]

https://i.imgur.com/kVs1gRE.jpg
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?

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.

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.

[Vaculin]

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?

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.

[bangjoe]

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?

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.

[John Abraham]

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.