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

[pawanjain]

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 are already investing $100 a month and I personally think it's a good start.
Don't sell your computer because you can use it to improvise your skills and then use those skills to earn more bitcoins.
Further more, you can learn more about bitcoin through your computer and so selling it would be a bad idea.
Keep exploring instead of selling your computer.

[Latviand]

Is selling a computer the right decision?

Basing on your stories, I don't think it's the right decision and hopefully you're not going to do it because the people in the thread are already helping you realize that it's not a good idea or decision to sell that computer, check out the alternatived OP and remember to not be too crazy about bitcoin investment because putting a lot of money of which is more than what you can afford to lose, you might regret that doing along the way. Be content with just the monthly allowance that you're putting into and if you're unsatisfied with that still, you can also apply for a part time job, you might be able to do just that, that computer could be a useful for you to find some other ways to make money online as many have said already.

[PX-Z]

That's a good start, but that also mean you will have no access to bitcoin wallets especially in desktop mode which has more feature to explore than using a smartphones, unless you have a spare laptop or PC.

Also, a local marketplace near you will be the best thing you can do, even if they don't accept bitcoin payments, you can just buy bitcoin using that money, i know there are decent exchange based on korea.

[retreat]

If you have no other option to earn money, I think selling the computer is the best decision for you. Because even if you lose the computer, you will get money from the sale which you can use for investment and various other things which are more important. Moreover, investing in Bitcoin can be done from your smartphone (I'm sure you have one) and it's much easier and faster. I hope that your investment can bring profits to you. Good luck.

[Ale88]

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 question is: what do you need this computer for? To play videogames? To study? To work? Just to kill some time? If you use it for something actually important than don't sell it, if it's for something like fun then yes, you could sell it and in the future, since BTC will probably keep increasing in price, you'll be able to get a new one. I guess you have a smartphone, if you can you use it to do the same stuff you do on the computer than you already have your answer.

[coolcoinz]

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?

Unfortunately, while in many parts of the world $100 is decent money, in Korea it's like pocket money you give to a teenager. I know how expensive things can be in Korea, especially apartments and furniture.

I feel like you're doing the right thing, although you won't get much profit by doing that. Let's think years. If you spend a whole year doing your DCA, you'll have $1.2k, which at the average price of $30k for bitcoin will give you 0.04 BTC. Let's imagine bitcoin goes 3x from there to $90k, you'll have $3600. Is that big money for you? Is it something that will change your life? If it's not, you'll have to think of a way to increase your investment.

[Asiska02]

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?

This will only depend on what you’re using the computer for. If the computer is serving you for a purpose that will put you in another state that will make things difficult for you, selling the computer to invest in bitcoin won’t be the right choice to make. I don’t know how things are in Korea, but saving $100 monthly for bitcoin is a nice idea and it is the best strategy you can use now to save a lot of bitcoin since you don’t have a large amount of money to just buy it once. I am also amused how you use $100 for personal savings to invest in bitcoin monthly, how do you cope for the rest of the month when this money have been used to buy bitcoin or you have another source of income that is keeping you financially stable during that period?

Investing in bitcoin is a nice idea that everyone will recommend for you to do here in this forum, but have it in mind that “you should only invest what you don’t need now”, if you’ve done an investment in bitcoin, the best thing to do is to take your eyes off the investment for a long term if you want to reap the benefits of bitcoin handsomely. That shouldn’t be your savings that you can take from anytime you need money that is why it is advised to only invest what you don’t need now. Being financially stable after investing in bitcoin is the best way to enjoy your investment in bitcoin. Remember that 1BTC=1BTC as long as you don’t touch it.

[ZAINmalik75]

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?

How can you say $100 is ridiculously a small money, in my opinion, it is not, and in an other way you are simply doing DCA which makes you more profitable even if you are doing it with small money but $100 is not a small money maybe for you it is but in many developing countries $100 is what they earn per month and they can't even afford to invest $100 only in BTC per month. You are doing great if compared with many other people.

At least you have some BTC in your holdings now and you will be making some profit too but don't just fed up with these profits, and keep some more patience, don't get in FOMO to earn more profit because this is what I get from your post is, you are being emotional that your funds are lesser and BTC might boom up and you might lose this opportunity so you are planning to make money somehow so you would invest that in BTC.

Therefore you must be planning to sell your PC and I can say the PC must not be a cheaper one if it is going in $600 as second hand used. It must be a good PC, I will not ask what kind of work you do on your pc, is it productive or not but I assume you must have another one to do your daily tasks maybe a simple laptop. I will suggest you to sell it if you can afford without it and if it is just laying in the room with no usage then selling it would not be a problem.

[Rruchi man]

Is selling a computer the right decision?

It will either be the right decision or the wrong one depending on what the computer is currently been used for. If it is a computer that has an important use and is used to fetch you money, It is not a good decision to sell it off. Buying a new one always cost more. If it is a computer that is just laying around used for unimportant things like just watching movies, selling it off to raise money for bitcoin will be a right decision. Selling off your property should be the last way you should think off to use in raising money.

[bitzizzix]

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?

Try to think carefully, because at the age of 19 you are now, just like I was at the age of 19. And at that time I was having fun using the computer for entertainment by opening social media, games, and so on, including doing school assignments and when I was still in college.
Have you ever experienced the moments that I mentioned above because they are fun, especially now that computers are very useful. Apart from entertainment, work, school or college assignments, computers can also be a source of income because currently the world of technology is increasingly developing.
And back to your question and that is your right, I just make you aware that computers are important and many people out there want to have computers for important things including making money.
And my advice, don't sell your computer for uncertain profits, especially if you have no knowledge, risks and understanding of Bitcoin.
In fact, you can still buy Bitcoin from the $100 your dad gave you for personal use for one month. If you are serious about investing in Bitcoin, you can buy it in half or in full every month. And this is a much better way, you can also increase your purchases when you have more money and do it all for the long term. This is a cool decision because you also definitely need a computer to get involved in Bitcoin or crypto.

[lalabotax]

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?

Actually, you yourself know better whether the decision is the best decision or not. because you really understand the situation and conditions you are living in. Do you need the computer or not? If you need it, then what is the alternative if you sell it? If not, it probably doesn't matter, you just need to tell your dad so he isn't shocked. Investing in Bitcoin is good, but it doesn't mean forcing yourself. unless it is true that the computer is not being used.

[darkangel11]

Do it.
You should weigh every item and decide on whether you need it or not. For example, you could have a bicycle that you no longer ride, that's a great thing to change into bitcoin, or an older mobile phone, or your old clothes. There's no way these things will go up in value, but in the liquid form of world's only decentralized currency, they can.
On the other hand, if you use your computer for work or school, don't sell it. Sell only things you don't need.

[Renampun]

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?

So, what device do you usually use for online activities, do you only use your smartphone or your computer, if you use a computer then you only need to sell the computer you are currently using and then buy a new one (which is cheaper). If I were you then I would never sell my computer, I would rather sell other things that I don't need because my need for computers is very high (especially for my online activities such as opening BTT forums and my online sales)

So try to think once again, what goods or things can you sell to be able to buy Bitcoin (not by selling your computer).

[CryptoHeadlineNews]

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?

Why the rush my friend? Because to me it seems to me that you are only just trying to run more than your shadow, which i am totally not in support of it, because you just said you are just 19yrs old, who is been given $100 allowance monthly from your daddy, separate from the money been given for other expenses, which shows that if only you can invest just mere half of your allowance in Bitcoin (i.e $50 monthly), I'm sure in a year you could have saved 12 x $50 = $600, while in next 5years, you probably could have gotten $600 x 5 = $3000, and in 10years, you could have saved $6000, which is quite not a small money. Hence, I will advise not sell any laptop, but rather use it to explode the internet to learning more digital skills and getting yourself equipped with Bitcoin-related terms and it's meaning. Since you still have a long way to go

[electronicash]

what will you use if you sell your computer?
you are a student and will need to write on a Word document and you are going to be researching topics you discussed in your classroom. your father will be more worried you have nothing to use for your studies.

you must have skipped recess.  you don't have to buy $100 worth of BTC a month.  save up just $25 and buy that amount every month.

[Issa56]

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 are mature enough to make decisions on your own, but don't you think it will be better to learn more about bitcoin with the laptop than sell and use it to invest? You don't have to sell your properties just because you want to invest in bitcoin. I'm sure you might be making use of the laptop even if it's once in a while. You think the $100 in which you are investing monthly is kind of small, but it's better you maintain that, when investing in bitcoin, you should always invest any amount you can afford to lose, don't invest everything you have. So if I am advising you, then I will recommend you don't sell your laptop, just keep on investing the amount you are earning from your father.

[kawetsriyanto]

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.

You're right. If it is his second computer, he can sell it for Bitcoin. But if it is the only computer he has, it doesn't make sense to sell it for Bitcoin. How he can manage their Bitcoin investment without a computer or a laptop? It is not enough to use a smartphone only, it is not a safe way.

I also think that $100 monthly for buying Bitcoin is quite good amount of money. Moreover, he is still 19 years old, it is more than enough to use for Bitcoin investment. If he gets $100 monthly, he actually have $1,200 in a year. Also, I don't think he can get the permission from his parents to sell compute, specifically if it is the only computer he has and it should be a computer given by the parents, too.

[Wakate]

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 is impressive since you had been buying some Bitcoin with the allowance you are been given every month. What is the major reason why you want to sell your computer? If the reason is just buy Bitcoin alone, that might be a bug risks because you need to understand the level of risks you are trying to take and I hope you are not trying to do this to impress anyone. Please it would be nice for you to think about your decision scrupulously and reconsider the reason before selling your computer. The market may decide to go bear at any time posing a big risk to us.

[Japinat]

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 that computer is not beneficial to you anymore, then selling would be the best option. At least, you won't be keeping things anymore that are not useful to you. My only advice is that always invest on the amount you can afford to lose. Bitcoin is a highly profitable asset but it still a high risk asset, so always invest with caution.

Buying small amount of bitcoin is better than not buying at all. When you see your whole bitcoin portfolio in the future, you will then know that you have stored a lot which gives you bigger opportunities to change your life status.

[ajiz138]

You want to sell your computer for $600 to invest in bitcoin, right? Now I ask if you have two computers so you sell one?

You continue to have an allowance of $100 per month and you have $100 as personal money, so is that enough for your living expenses?
As far as I know 19 years old you should still be in college what about that cost if you continue to focus on spending on bitcoin? Sorry for being too sensitive.

It's not a bad idea for you to keep investing in bitcoin at the aggressive rate you are showing, but remember that it must be adjusted to your ability.