Post
Topic
Board Bitcoin Discussion
Re: Looking to sell a computer to raise money to invest in Bitcoin.
by
summonerrk
on 08/12/2023, 17:43:38 UTC
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.