Quote from: famososMuertos on December 07, 2023, 04:09:56 PM

Quote from: puradak on December 07, 2023, 03:36:28 AM

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 [ DO NOT POST SESC LINKS ]previous posts in other threads[/url].

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.