Invest in Bitcoin by selling wife's jewelry

[Franctoshi]

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.

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[alik111]

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.

[Fivestar4everMVP]

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.

[Viscore]

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?

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.

[Distinctin]

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.

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.

[Botnake]

 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.

[Wakate]

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.

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.

[n0ne]

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.

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.

[soramon]

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.

[Davidvictorson]

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.

[pgbit]

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?

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.

[Nrcewker]

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.

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.

[uneng]

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.

[naira]

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.

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.

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.

[Uruhara]

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.

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.

[Woodie]

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.

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.

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?

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...

[S A KHAIR]

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.

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.

[Mr.sprin]

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 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.

[Nheer]

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?

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.

[lizarder]

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.

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

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.

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.

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?

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.