Invest in Bitcoin by selling wife's jewelry

[GideonGono]

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?

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.

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[Smartprofit]

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?

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.

[summonerrk]

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?

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.

[jayce]

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.

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.

[lousie9]

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?

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.

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.

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.

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.

[DaNNy001]

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.

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.

[BenCodie]

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.

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

[MaterialMouse69]

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?

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.

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)

[Inwestour]

Is it reasonable to invest in gold rather than bitcoin?

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.

[masyari]

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

[gunhell16]

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?

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.

[jeraldskie11]

<snip>

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.

[HajiBagi]

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.

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.

[LDL]

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

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.

[Litzki1990]

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.

[aoluain]

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

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.

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!

[qwertyup23]

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.

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.

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.

[DeathAngel]

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.

[coinerer]

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

[bettercrypto]

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

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 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.