Quote from: TelolettOm on Today at 10:32:38 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?

If the computer is no longer used or you don't really need it anymore, it's actually not bad to sell it and convert it to Bitcoin. The computer is not used and then breaks down quickly. then this would be a pretty good path. But the problem is, if you still need it, can you do it without your computer? Is there an alternative if you need to use a computer? This also needs to be thought about more wisely.

Hopefully whatever choice you make is not just because of FOMO. And hope that the investment is under control and it is not easy to panic if something unexpected happens one day. If you really understand not only the benefits but also the risks of investing in Bitcoin, then do it. If you are still in doubt, then postpone it and think wisely.

But could you ever think how much he could possibly earn if he use his computer on multiple online gigs? For sure he will get much better result by enhancing his skills and attend online seminars on anything can help him grow as a online freelancer. Investing on bitcoin can make you earn limited amount but if you use your computer in much wiser way for sure there are many things that you can benefit on. Maybe OP just got FOMO on situation happen on bitcoin so maybe he need to think more than that since selling some thing just to buy anything he think beneficial to him might get negative result in the end.

Nothing wrong for thinking to invest bitcoin but also we need to be smart thinking more convenient way to do it since if we really can't afford to accumulate now well we can do some other thing and investing on ourself to get a lot of knowledge about everything about crypto will result good to us in future.