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

[KiaKia]

There was a time where I do believe that having a computer gets you closer to Bitcoin, you have run a miner on that thing and also a Bitcoin wallet, today it's not possible anymore, only running a Bitcoin wallet is possible, but I don't joke with information online, very important if you are new to crypto.

See, the thing is if you don't have any use for that computer you are free to sell it for Bitcoin, but if you have some skills you can end up using that computer to make money and start buying Bitcoin with your computer still yours.

If I am just starting out, I will prefer to use that computer to learn a lot of ways to make money in crypto space, running a airdrop platform is far more easier on a computer than on PC, or creating a content, that computer have some good use but the choice is yours in the end.

[Hewlet]

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?

I find this very funny! If you receive $100 monthly from your dad as your upkeep money and you don't need to worry about feeding, isn't it wise you invest let's say $50 every month, and within a year you've accumulated $600 worth of Bitcoin without inconveniencing yourself by selling out your computer system.?

Except you don't need the computer or you have an alternative one you can be using, I don't think that it's a wise decision to make. I know that some investment requires you make sacrifices before getting the capital you need to start up the investment, but why stress yourself out when you have an alternative that is smart and feasible enough?

[TheUltraElite]

The computer is a necessity in the current life, if you don't have use for it then go ahead and sell. But you will need some digital device to access your coins after you buy them.

Also I agree with @adaseb here. The things you can do using a computer to earn money should be kept in mind. You are exiting teenage now and you will need a computer for studies, work and research, so I don't find it to be a wise decision at all.

Best to talk to your parents and assess your financial and educational condition before taking this step. Bitcoin can wait but your education needs to be completed in time.

[lovesmayfamilis]

OP, let your youth be your assistant. Your posts scream that you are fascinated by Bitcoin. But before you become a fan, have you read cases where people lost all their savings due to some careless decisions? Do you know how to protect your funds? If you have other gadgets besides a computer, sell them. The technology must work. If it is idle without work, then you are wasting time. But if the computer brings you any income, why sell it? In any case, you should not listen to random people, since no one knows your entire situation. Besides the charms and bright faith in Bitcoin, try to study it more.

[avikz]

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?

It entirely depends on your usage of computer. Personally I would like to keep the computer intact because I run a business from it. But if you are using your computer just to play a games and if you are not doing anything productive in your computer, then probably it is best for you to sell.

But let me tell you, $100 is a pretty decent amount in many other countries. A lot of people are unable to save even $50 a month. You are lucky that your father gives you such an amount of money, which corporate job freshers earn as their first salary.

[Blitzboy]

Is selling your PC for $600 smart? Consider that computers are knowledge gateways and creation tools. Could losing it hinder other chances? You should view Bitcoin as a planned investment, not a chance. Consider the tangible versus the prospective. Does the $600 gain exceed your computer's utility? Bitcoin has tremendous potential, but its volatile. You invest $100 monthly, a tiny but continuous commitment. Is this enough? Financial, educational, and personal investments are all investments. Bitcoin and your computer teach you different things. Choose cautiously, but no choice is final. Life, like markets, fluctuates; adaptation is crucial.

[traderethereum]

It depends on you. If you don't use the computer, you can sell it to buy bitcoins.
But if you still use the computer for daily activities, you should not sell the computer.
You can still invest in bitcoin using $100 from your father and that is enough to invest in bitcoin using the DCA method.
But everything comes back to you because the decision is in your hands.

[Plaguedeath]

This is your other thread, if you plan to hold your coins for long term and DCA-ing for $100 every month, why you not turn your computer become a cold storage? of course it's really hard to do, you need to know what you're doing.

The key is only use open source tools and never connect to internet anymore.

https://electrum.readthedocs.io/en/latest/coldstorage.html

I want to invest in bitcoin for rest of my life, and I have 0.002 btc now. I want to keep it safe forever.
I am using software wallet called 'electrum'. I downloaded it from the official website 'electrum.org'

[348Judah]

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?

Selling your computer system may not be the accurate decision for now because you may still need the use of the computer system anytime sooner if you have bought your bitcoin already, knowing that things are now expensive you may also have no other means of buying one when you needed it most, i will suggest thst you make use of your monthly income to use some part of it to make an investment using DCA and you continue accumulating gradually from there as long as you're able to hold enough, you will be profitable about it.

[glendall]

If you sell your computer, how do you mine?
However, if you have 2 computers, I think it's okay if you sell them for capital to buy Bitcoin, but don't expect too much to get quick profits from the Bitcoin ownership you have because everything requires patience, keep saving in Bitcoin and over time you will have a lot of Bitcoin. buy BTC when the market is correcting/red. Don't buy BTC when it is high/the market is turning green

[Onyeeze]

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 have another computer I think that you can sell this particular you want to sell because right now even though you sell your computer to buy bitcoin you still need a computer to use to monitor your bitcoin, even you are in bitcointalk and you need a computer to use and write things in bitcointalk, so you selling you computer is not good, I can advice you to sell any other things but computer is very necessary in anything that relates with bitcoin and anything that relates with Internet, I don't know how you will coup but I'm talking about myself because I can't stay without a computer because its what I use for making my research.

[Yogee]

If you're already thinking of selling then I'm guessing it's not really a day-to-day need for you. No problem doing so if that's the case. I would personally use it to generate income on the side but if you think you're short of time to learn a skill to use online then I guess it's fine to just buy BTC and wait.

If you sell your computer, how do you mine?

Where did OP mention about mining? Mine what - BTC? A $600 computer won't mine a single block if we're being realistic here.

[DabsPoorVersion]

Instead of selling your computer, make use of it to find a way to make more money. Treat your personal computer as an asset that can bring you additional money for your planned investment. You can easily dispose of your computer by selling it, however, the time will come when your monthly allowance of $100 will not be enough for you and you will probably look for more ways to have an additional income.

Find a way to make money using your computer, there are a lot of possible ways. You just have to find your way. If you have a specific skill you can use to provide service or make a product using your computer, do it for the sake of your investment.

[Apocollapse]

You can't just sell everything you have in order to gamble in Bitcoin, when it goes wrong you will regret and think you shouldn't sell your computer because it's still important.

I'll say accumulating more money to invest through selling your stuff is a sign of greedy, you're aiming to get rich as quick as possible, that's not a good way.

[tjtonmoy]

Invest only what you can afford to lose, this is what everyone will tell you when you try to invest into Bitcoin. And I support this no matter what. Investing into Bitcoin is risky but could be fruitful if you can hold it for a longer period of time. That's how Bitcoin investment works. If you were already doing DCA with your $100 investment plan then it's all okay. It may seem a small amount to you but in the long run you can stack it up to make it big.

If you don't need that computer then of course you can sell it to invest in two Bitcoin. But if you are thinking about investing by selling your computer because of the recent market pump, then I will suggest not to do it so quickly. You will find more opportunities in the future. So wait for it. Putting more money does not ensure profit. Holding for a longer period of time ensures profit in Bitcoin investment. So now give you the thought and then decide what you want to do.

[icalical]

If when I was your age, on  my nineteen and I got $600 computer (I believe it's not an entry level pc) I would learn some skills that could get me a part-time/freelance job with some decent payment. After that I would spare some of my earned money to invest in Bitcoin. 19 is a very you age, I don't say invest in Bitcoin is wrong at this age, but investing in skills would be far more profitable at this age.

[famososMuertos]

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.}

[LDL]

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?

The computer is definitely a useful accessory to you. In this case, you can decide whether to take alternative measures without selling the computer. If you move into college life, you will definitely need a computer because you will need a computer to complete class assignments. Since your father gives you $100 per month for your personal expenses, you can save your personal expenses and invest that money in Bitcoin. Since you are interested in investing in bitcoins, you can invest in bitcoins from your personal expenses money given by your father instead of selling the computer you need. And if you don't need the computer at all, you can sell it and invest in Bitcoins. But in this case, you must remember that the Bitcoin wallet you deposit must be completely under your control. You will never keep your invested bitcoins in a centralized exchange.

[Crypto Library]

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?

I would say that your decision to invest in Bitcoin is correct but I would not encourage you to sell your computer and then invest that money on Bitcoin. As the price falls, traders make panic sales, which leads to wrong decisions. I also think that being over-enthusiastic about investing in Bitcoin as the price rises can also throw off the situation at times. So you must first accept that investing in Bitcoin is not only profitable. You need to know the main point of Bitcoin investment, now here you see that the Bitcoin price is currently pumping very quickly, and you want to sell your computer and invest here. I will tell you not to be in such a hurry and observe the market for a few days, maybe it can be a bull trap.
Moreover, I will say that the computer is a very necessary device. Having a personal computer is also very important. If you want, you can develop your skills in it as well as invest the $100 for your personal use with DCA management for long term. I see already many people have given their related suggestions so I am not going to elaborate. I just mentioned the matter.

[Kakmakr]

Well, it might be a good decision or a very bad decision... nobody can say, because nobody can predict the future. I just know that every bitcoin that I have ever bought, have given me loads of profits.. you just need to buy low and wait for the best time to sell at a profit.

If you are not able to wait for the opportunity to sell at a profit, you might have to sell at a loss and then you will regret this decision. I had friends who bought at a high price, and they had to wait 3 years to sell at a profit. (Are you willing to wait?)