Looking to sell a computer to raise money to invest in Bitcoin.

[Porfirii]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

You don't mention that Korea, ./ , in any case, hold bitcoin could be very dangerous... sometimes you have to measure many variables in a decision, even as simple as it may seem, at 19 years old you must already be prepared to accept consequences, and I wish all decisions were As simple as that, OP, $600 may not necessarily mean a great decision, it is money that you can recover in the short term, I mention this because of the volatility of bitcoin.

Anyway, you must understand that it is not about selling goods but about having a flow of income that allows you to invest in the long term, in that sense, for example, a laptop can allow you to generate extra income and buy BTC, you can be selling " the goose with golden holes" for believing that you are buying the "golden eggs", is a financial metaphor.

^{#TBT Topic is class of initiation for a forum newbie member, welcome to the forum.}

You don't have to worry fM. Apparently, he is living in South Korea, or at least that's what he said in previous posts in other threads.

puradak, you have received many different answers to your question. I'm curious about what you think and finally decide. Welcome to the forum and good luck with your exams.

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[Sanitough]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

That computer will be very useful to you since you are still a student, so I don't agree selling it to add more funds on your investment. I suggest you focus more on your studies, not on your bitcoin investment. It can actually wait until you get a stable job and you will be more capable to invest and will not worry anymore if you end up with losses. Bitcoin is an investment, it won't always guarantee that investors will always end up with profits.

Learn to invest with caution. Do not risk with a bigger amount as you are still not free from losing in the end, but only invest on the amount that you are comfortable losing.

[CryptSafe]

OP I understand that you are a bitcoin enthusiast who is willing to buy and hold for a long time which is very good one and as a matter of fact, you said you already started buying bitcoin long ago with your $100 monthly allowance from father which is a smart move by you but however I really do not think selling your computer is a wise idea because with your computer, you can learn skills which you could master t perfection and use them to buy more bitcoin or to get paid in bitcoin for work done.

I  am of the opinion that you keep your laptop and use it for learning of other IT skills which could help you in time to come or in the future. This should be alright for you to take.

Hope OP has a goal not just buying and buying, and I love the strategy the young man is using to accumulate his bitcoin is it that he is using all the 100 dollars to purchase bitcoin or is he taking out of the 100 dollars because out of the 100 dollars he will eat and maybe get something, that is what have been thinking is not as if selling the computer will bring him more money he will even sell less so I also agree for him to keep his computer, and focus on other means of getting money either get a job because relying on the allowance alone is not enough for a serious trader.

Of a truth the strategy used by OP is a good one. Possibly he might be getting it for his upkeep or so and I believe he might be from a well to do home if he can be receiving that amount of money, it is something worth it. OP just have plans for his future by investing in Bitcoin and I must say he is smart.
However, like I said initially, selling his laptop is not a wise idea if he has a second laptop and is no more using that laptop then I have no argument with him but if he does not have a second laptop and want  to sell the available one, then I really do not think that is a wise idea for him to embark upon .

[TelolettOm]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If the computer is no longer used or you don't really need it anymore, it's actually not bad to sell it and convert it to Bitcoin. The computer is not used and then breaks down quickly. then this would be a pretty good path. But the problem is, if you still need it, can you do it without your computer? Is there an alternative if you need to use a computer? This also needs to be thought about more wisely.

Hopefully whatever choice you make is not just because of FOMO. And hope that the investment is under control and it is not easy to panic if something unexpected happens one day. If you really understand not only the benefits but also the risks of investing in Bitcoin, then do it. If you are still in doubt, then postpone it and think wisely.

[serjent05]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If you do not need the computer then why not?  It is a wise decision to sell the computer and buy Bitcoin from the sales because the computer deflates in value over time since the release of new technolgy now a day is constant so sooner or later your computer specification will be obsolete compared to new releases.

It is a good thing to know that you started accumulating Bitcoin and as of now, I bet you are in profit due to the current surge of BTC.  I think it is a good move if you continue to accumulate because if this is already a bull run, we are just at the beginning of the phase.  We can expect higher prices as this bull run continues.

[ultrloa]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If the computer is no longer used or you don't really need it anymore, it's actually not bad to sell it and convert it to Bitcoin. The computer is not used and then breaks down quickly. then this would be a pretty good path. But the problem is, if you still need it, can you do it without your computer? Is there an alternative if you need to use a computer? This also needs to be thought about more wisely.

Hopefully whatever choice you make is not just because of FOMO. And hope that the investment is under control and it is not easy to panic if something unexpected happens one day. If you really understand not only the benefits but also the risks of investing in Bitcoin, then do it. If you are still in doubt, then postpone it and think wisely.

But could you ever think how much he could possibly earn if he use his computer on multiple online gigs? For sure he will get much better result by enhancing his skills and attend online seminars on anything can help him grow as a online freelancer. Investing on bitcoin can make you earn limited amount but if you use your computer in much wiser way for sure there are many things that you can benefit on. Maybe OP just got FOMO on situation happen on bitcoin so maybe he need to think more than that since selling some thing just to buy anything he think beneficial to him might get negative result in the end.

Nothing wrong for thinking to invest bitcoin but also we need to be smart thinking more convenient way to do it since if we really can't afford to accumulate now well we can do some other thing and investing on ourself to get a lot of knowledge about everything about crypto will result good to us in future.

[bhadz]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

Are you sure that you're not going to need that computer for the next coming years? I've got an old computer and never thought of selling it because I might use it or maybe anyone from my family and that's why I've kept it and I was not wrong at all, I'm still using it this time.
If you have $100 for your personal use, much better to use that and DCA monthly but are you again sure that you're not going to use that for anything you need? If you have a delayed gratification attitude, just DCA monthly with $100 and just continue what you've been doing. Don't look at how small that money is but look at your monthly progress and the discipline you develop.

[nakamura12]

If you have another computer then selling it will be okay but if you don't have or you still want to use it then I think you shouldn't sell it. There are other ways you can earn using your computer like editing, coding and more. Since you have allowance which is $100 per month but if you keep it by buying Bitcoin and keep it safe then you will have more than $100 after many months. You may think it will take longer but if you don't think about it too much then you'll be surprised as time passes. If I think about it, it feels like yesterday when the truth is it that it already is December (how time flies fast). You can apply for a part-time job since you're old enough to find one and get accepted.

[oktana]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

You have a new account and I’m not sure that you have enough experience to buy Bitcoin at the right time (at a low price). Now the price is above average and it’s too late to buy Bitcoin (IMHO). There is a feeling that the price has hit a ceiling of 50k and there is a huge chance that it will begin to fall. And after that, your $100 investment can quickly turn into $50.

Also - investments imply that they are not made with the last money, so in general I would not advise you to make an investment at such a price - selling a computer. Better find a way to earn extra money and invest it.

I don’t understand what you mean or what point you’re trying to make. Does one need to be a hacker to buy Bitcoin? Isn’t it something that almost anyone can do? Everyday new people sign up on Binance and some other popular exchanges, and they may be using a tutorial or just navigating by themselves, but they sign up and buy Bitcoin. So, it’s not difficult. There are countless guides online and some people even get it done without these guides. And then OP, Buying Bitcoin even at $60k isn’t late. Even if it’s when the price is $55k, you’re free to invest because trust me, someone definitely said it was late when the price was 10k. I guess we’ve seen how late it was indeed.

[Webetcoins]

Why? Are you and your family going through a financial crisis and you don't want to see your future being that way? If that's not the case, why hurry? You are just 19, and at such an age, you should be more concerned about your studies and work towards building your career which is the most important thing for your future. Investments are good, but it doesn't mean that you should start focusing on financial aspects from such a young age and start spending your pocket money on investments instead of buying refreshments or spending some time with your friends at a cafeteria sometimes.

If you are telling the truth and you are just 19 years old, I would suggest you not stress yourself out this early. I know Bitcoin is a great innovation and you might find it fascinating, but I wouldn't suggest you start selling your personal properties only so that you can invest more money in Bitcoin. If you can, without disturbing your personal life, invest even half of what you get monthly on it, that should be enough as a starter.

[wallet4bitcoin]

If you don't need that computer you are selling then okay, but if you don't have any other computer to use and you decide that the proceeds will be invested in bitcoin, i think it's a bad idea. Just explore more, there's plenty of opportunities online where you can earn bitcoin without investing, by using your computer effectively, of course with internet, you'll be able to make that as a tool to accumulate/invest in bitcoin.

Frankly speaking, in this era of technologies, even though people are now using their mobile phones to do loads of stuff, i consider a system very importnat and relevant and whether it has become of great use or not, it is necessary to have a system as its use might be required urgently in some cases. Selling it is not an option for me except in cases of an upgrade.

There are loads of ways to earn rather than dispose a system, other properties of urgent need can be disposed instead. ou can deploy your skills to use and get paid and then invest, this is also not new.

[Cryptomultiplier]

If you have another computer then selling it will be okay but if you don't have or you still want to use it then I think you shouldn't sell it. There are other ways you can earn using your computer like editing, coding and more. Since you have allowance which is $100 per month but if you keep it by buying Bitcoin and keep it safe then you will have more than $100 after many months. You may think it will take longer but if you don't think about it too much then you'll be surprised as time passes. If I think about it, it feels like yesterday when the truth is it that it already is December (how time flies fast). You can apply for a part-time job since you're old enough to find one and get accepted.

I like this future thinking of OP. At least it goes to show that he already acted on owning some amount of BTC before considering to sell of his computer to get more.

Had it been Op was a trader rather than HoDLer, it would make more sense to sell and trade with it, supposing he is already so good at it. If the laptop is not of importance right now, and with the plan he has to invest, he may buy more than one upon liquidation, so I can support his idea to sell the laptop, unless he can continue get a part time job like you said and invest by DCA strategy till further notice.

[DYING_S0UL]

If you have an extra pair of laptops and they're laying idle around the corner in the dust, then I might think of selling them. But if it were your only device apart from a smartphone, then no. You shouldn't sell it. And by your estimated selling price, I imagine it's a high configuration device. So I wouldn't want to sell it. $100 a month isn't that bad either. You are only 19 and have already started investing in bitcoin, that's a good thing. But that doesn't mean you have to start selling your stuff. Specifically speaking, electronic, stuff. Maybe if you had other things like jewelry, you could sell those. If I were in your place, my straight answer would be no.

[CryptopreneurBrainboss]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If you're getting a monthly allowance then I don't see a quality reason that's worth selling your laptop. You need laptop in the modern world, use that laptop and learn a skills that can fetch you more money instead of selling the laptop. Don't get too over excited and invest more than you can afford to lose in the market, selling your laptop might come with regrets. Manage that allowance and allocate more to investing in Bitcoin when you get other side hustle that gives you enough money to support the allowance. You're fortunate to have allowance so you don't have any tangible reason to sell your laptop unless you have multiple ones.

The laptop can be rented out to your friends and it gives you some income to support yourself. Selling of gadgets should be the last options when you don't
have ways to raise capital for your investments. There are many opportunities that you can use that laptop to benefit from so I don't support you selling it but this is just my own opinion since I'm not directly involved in this decision I might be wrong with my opinion so just take a moment to rethink and do what you feel is best for tou. You won't regret buying Bitcoin (that's a fact) and if after buying the market keep dipping then you have to exhibit patience and keep hodling.

[anushkasachith888]

I thought for a person who is from South Korea which has the world's 12th strongest economy can save more money. Anyways I wish you good luck for your bitcoin journey. If you can save $ 1000 you can do spot trading and save money money. however you have to study trading before jump into the Crypto trading.

[anushkasachith888]

I'm 19 years old, living in Korea, and I'm thinking of selling a computer to raise money to invest in bitcoin. I think I can sell it for about $600. I get about $100 a month as an allowance from my father. $100 is only for personal use, not for living expenses. I've been using these $100s to buy bitcoin for a few months now. It's ridiculously small money, but I believe it could be quite a lot of money if I keep saving it steadily. Is selling a computer the right decision?

If you're getting a monthly allowance then I don't see a quality reason that's worth selling your laptop. You need laptop in the modern world, use that laptop and learn a skills that can fetch you more money instead of selling the laptop. Don't get too over excited and invest more than you can afford to lose in the market, selling your laptop might come with regrets. Manage that allowance and allocate more to investing in Bitcoin when you get other side hustle that gives you enough money to support the allowance. You're fortunate to have allowance so you don't have any tangible reason to sell your laptop unless you have multiple ones.

The laptop can be rented out to your friends and it gives you some income to support yourself. Selling of gadgets should be the last options when you don't
have ways to raise capital for your investments. There are many opportunities that you can use that laptop to benefit from so I don't support you selling it but this is just my own opinion since I'm not directly involved in this decision I might be wrong with my opinion so just take a moment to rethink and do what you feel is best for tou. You won't regret buying Bitcoin (that's a fact) and if after buying the market keep dipping then you have to exhibit patience and keep hodling.

I agree with you on this matter. Any one who has a laptop or Desktop with internet connection can develop a skill can make money selling that skill.