Quote from: summonerrk on Today at 05:43:38 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 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.

I don’t understand what you mean or what point you’re trying to make. Does one need to be a hacker to buy Bitcoin? Isn’t it something that almost anyone can do? Everyday new people sign up on Binance and some other popular exchanges, and they may be using a tutorial or just navigating by themselves, but they sign up and buy Bitcoin. So, it’s not difficult. There are countless guides online and some people even get it done without these guides. And then OP, Buying Bitcoin even at $60k isn’t late. Even if it’s when the price is $55k, you’re free to invest because trust me, someone definitely said it was late when the price was 10k. I guess we’ve seen how late it was indeed.