First of all, its not a smart thing to share image of your wife's jewelry (some pieces stand out quite a lot) because you never know who is reading this.


There is no guarantee that bitcoin cross $100k in 2024 and if you are saying this to your wife, you are basically lying to her and I don't think that's smart thing either. Did you ever consider scenario in which bitcoin stays at these levels or even go below for the next few years, how you gonna explain this to her?


And who exactly is forcing you?


Selling your own jewelry is another thing but asking wife to sell hers doesn't make much sense to me.  Even though I believe that it will worth much more in the future than it is now, bitcoin is still high risk investment and I wouldn't endanger relationship with my wife in case things go south, which is always a possibility.

No problem, I might sell all my wife's jewelery in a day or two.Talked to two customers and they agreed to buy jewellery.

It was only necessity that forced me to sell my wife's jewellery.
In 2022 I lost a lot on several investments, most notably $4000 worth of cryptocurrency during the Luna crash and $1500 worth of crypto during the FTX bankruptcy. So right now I don't have enough liquidity in my pocket to invest. So I am forced to sell my wife's hobby jewelry even though it is very difficult.

I hope your wife is okay with that!
If she is, I think you can sell it and invest in some crypto. Considering that we are now pretty low in the market, you will earn 2x, or 3x in a year or so.
I always thought that all this jewelry doesn't really important, what is important is real money and technology.

With the way you presented the topic to your wife you made it seem as if there's no risk involved if you invest in Bitcoin. ×10 by 2024 is not impossible but what are you going to do if the price of Bitcoin doesn't get to that and instead the opposite happens? Did you talk to your wife about it also? Will she be able to handle losses if peradventure it occurs.

If I were in your shoe I wouldn't sell all the gold I would have sold part of it and keep the rest for emergency situation since you stated that you don't have enough liquidity right now in your pocket.
Remember your own assets and investment is different from when you're helping someone invest.

First of all your wife should be OK with that. Then you have to be aware that the chances you'll ever buy back the exact same items is slim.
This being said, jewelry usually fits in "what you afford to lose" and bitcoin price is indeed expected to rise greatly (with the note that reality may or may not meet the expectations).

I would not do that, but I don't buy too much jewelry either - we don't keep more than what my wife wears - however, if my wife would keep some piece(s) for the memories they bring, I would probably not sell them for Bitcoin.
Still, it's your choice and I wish you best of luck! (which would mean bitcoin price rise greatly; something I do like to see.)

Whoops, someone is going to sleep on the couch today ?

Why do you write that you are forced to sell your wifes yewelry? Does she insist on it? Or you are short in cash for everyday expenses. To be honest, those items on the picture does not look like they worth 3k. Id say that they look more like a bijouterie

If I were you, I would not sell them. I think you should invest in bitcoin only your money, not the money of your wife. If she does not wear them, sell them and buy something else. Right now it looks like you have infected her with an idea of easy money, now she forces you to sell them, because she already have plans for those 30k, and you dont know how to get out from this situation, as you are not sure 3k will turn into 30k (or even many times less) in 2024.

This of this - if your plan fails, you will 100% get divorced and lose half of what you have. As she already know about bitcoin (in general), she definitely suspect that you have already bought bitcoin. And it does not matter if you have bought it @ 50k for example. She wont take half of your bitcoin holding, she will take 25k.

You screwed up completely with investment my friend

Gold has its own worth and gold price is going sky high these days. Its not advisable to sell gold for investing in some other sector like bitcoin. If you have extra money then go and invest in bitcoin rather its more profitable to invest small money but regularly in bitcoin. To me investing 50$ per week or 200$ per month in bitcoin is more worthy then investing 3000$ at once.
If you have gold in the form of jewellery then keep it for future use. Your kids may be benefitted from this asset in future.

I just saw you explaining profits to your wife, and I didn't see you mention the risks that bitcoin can bring to your wife. We all hope and expect bitcoin to hit a new ATH in the upcoming bull season, but no one can guarantee it, it's all just a prediction. So you need to be more honest with your wife talking about the risks of investing in bitcoin, her gold could be lost. If she still wants to take that risk, you can sell gold to invest in bitcoin. Don't forget the saying: invest as much as we can lose.

For me necessities are food/utility bills/rent/medicine etc and not investments in high risk assets but to each his own.

Anyway, I wish you luck and I hope that you explained your wife the risks and not just "easy 10x" part so you don't have issues down the road if for whatever reason bitcoin doesn't perform as we hope/expect it will.