Re: Looking to sell a computer to raise money to invest in Bitcoin.
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 didn't say the part of Korea, I hope is not the North right?
Alright! In total, you have $700 in total to buy bitcoin if you sell your laptop, it's a big amount though to some people and might be small to some but I think you can buy the bitcoin that you want but my next question is how do you intend to save the bitcoin? Do you have a phone where you can always have access to the internet so to know the latest development about bitcoin and other updates, I hope you if you sell the laptop you wouldn't have a problem later in the future because that is what people do, they sell their properties and buy bitcoin and when they are in need, they sell back the bitcoin and most the time, in loss which is very bad.
If you successfully buy the bitcoin, I hope you have the right place to keep it, make sure you save it in a hardware wallet that is back up, make sure that your seed phrase is properly back up because without it, you don't have any bitcoin again and if the hardware is stolen or something happen in the future that you couldn't access it, your bitcoin is gone, so therefore I advice you to do a proper back up of the seed phrase.