Invest in Bitcoin by selling wife's jewelry

[Bollexz1]

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

[Sorryfor]

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.

[bettercrypto]

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.

[Inwestour]

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.

[Ayers]

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.

[NicNacCoin]

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.

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.

[Fesatmas]

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?

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.

[yudi09]

whether selling my wife's jewelery and investing on bitcoins makes sense?
Is it reasonable to invest in gold rather than bitcoin?

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.

[Fuso.hp]

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.

[slashz9]

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.

[Minor Miner]

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.

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.

[Inwestour]

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.

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.

[NicNacCoin]

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.

[nimogsm]

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?

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.

[Ojima-ojo]

Not a bad idea to me though but I hope you've explained 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

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.

[Jason Brendon]

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

[borovichok]

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. 

[Lanatsa]

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.

[JoyMarsha]

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.

[Desmong]

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.