I honestly, understand how you feel cause I have to be in that exact situation where I have to sell the BTC I was hoarding weekly while the goal is not achieved due to an unforeseen issue that requires emergency attention.
The good thing about the decision is that it makes something good for the family cause they always come first but that doesn't mean the dream of hoarding BTC is over since the market is yet to make an ATH price.
Topic: Bitcoin in times of danger. (Read 545 times)
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I had been hoarding some bitcoins for a long time. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money. Maybe nearing a bull market I sold my bitcoins. I am having a lot of trouble selling this bitcoin I have built up over the years. I am grateful to this bitcoin forum because if it wasn't for this bitcoin forum today I might not have found a solution to my need.
In a pinch like yours, it might not matter to me if you had to decide to sell the bitcoins you've been hoarding, let alone sell the bitcoins for your own family needs, I think many of us would probably make the same decision if nothing else could we did although this actually made us feel a bit disappointed because we were forced to sell bitcoin at a cheap price and the saddest thing is after you sold it the price of bitcoin slowly rose to the level of $30.4k , but you don't have to regret seeing the market go up after selling your asset because there is still the opportunity to always hoard bitcoin even if you have to buy it at a slightly higher price. 
It is unfortunate that you sold your BTC, however you shouldn’t have been regret, you made the right decision, family always comes first no matter what the situation is, we should always help them make their life meaningful. Moreover, it is never too late to recommence again. Set a new goal, prepare a plan, work hard and stick on it until you achieve your aim. Hopefully, you will earn even more BTC than what you sold recently as soon as possible. Otherwise, It is really important to save extra money for sudden events. Life is unpredictable, we don’t know what tomorrow is going to bring for us, that’s why we should be completely prepared for all situations.
I had been hoarding some bitcoins for a long time. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money. Maybe nearing a bull market I sold my bitcoins. I am having a lot of trouble selling this bitcoin I have built up over the years. I am grateful to this bitcoin forum because if it wasn't for this bitcoin forum today I might not have found a solution to my need.
Dang, letting go of your bitcoin must've been hella tough, especially when it was about to blow up. But hey, you gotta do what you gotta do for your fam, right? Props to you for finding a solution through that bitcoin forum, that's the beauty of online communities. Remember, bitcoin is just a means to an end, don't get too obsessed with it. There are more important things in life than just hoarding it. Keep your fam tight and I hope you find some new investment opportunities soon. Keep your mind open and keep learning, dude!
@Op It is a fact that Bitcoin is needed in times of need. If there was no human need, there would be no need to earn. Sold bitcoins to meet family needs I think it's great because you will accumulate bitcoins again because needs will always be around you. But keep some portion of your income ready for later bull market. Because the current situation is near the bull market when you sold bitcoin the price of bitcoin was 28k dollars now the current market price of bitcoin is 30.5k dollars. So of course you think to yourself how much of a bull run we've been in.
Even though I am unsure of the circumstances that led you to sell your holdings, I think you are a responsible man and that is why you did so. This was one of your holdings' original goals. And even for me, this is one of the reasons I hold onto bitcoin: if I ever find myself in a circumstance where I don't have access to any other resources, I can use it to solve my problems, which is what I think everyone would like to do.
I am aware that you hoard these coins for the future; it is really painful when you sell them before you are ready, but you still found happiness by meeting the requirements of your family.
I am aware that you hoard these coins for the future; it is really painful when you sell them before you are ready, but you still found happiness by meeting the requirements of your family.
OP will surely earn even more Bitcoin in the next few years to feel proud of their collection of Bitcoin. It feels good to see that they could use their bitcoin to come out of a bad situation instead of getting stuck in it.
Now the only thing to make sure of is that they continue to find methods to spend their coins easily into their local fiat currency without having to go through much KyC trouble. That way they will not face a desperate situation but use their saved bitcoin to help themselves.
Never feel disheartened about selling the coins. They are money after all, your family matters much more than some mere cash and investments can always wait.
Now the only thing to make sure of is that they continue to find methods to spend their coins easily into their local fiat currency without having to go through much KyC trouble. That way they will not face a desperate situation but use their saved bitcoin to help themselves.
Never feel disheartened about selling the coins. They are money after all, your family matters much more than some mere cash and investments can always wait.
Bitcoin hits 30k today. It would have been more profitable to keep it for a few more days. But you sold bitcoins, to meet your family needs. You will try to invest again and hold for longer, hopefully making more profit.
Necessity knows no bounds. No one can say precisely when someone's shortage will come. Here @OP probably sold his accumulated bitcoins 2-3 days ago when the market was probably below 28k but after he sold the market is at $30000. If he had known that the market would hit $30,000 in a day or two, he might not have sold his bitcoins at that time. He used to wait two days to catch the 30 thousand market.
Bitcoin was made for transactions; it is just that when the price goes up, as it has in recent years, other people hold it as an investment. There is nothing wrong with what you've done; it helps you a lot. Just imagine if you hadn't hoarded bitcoin over the years: what would you be spending right now? How would you get that much money? You shouldn't regret it because you sold it on purpose. Try to accumulate again in the next few months when you are financially able.
I had been hoarding some bitcoins for a long time. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money. Maybe nearing a bull market I sold my bitcoins. I am having a lot of trouble selling this bitcoin I have built up over the years. I am grateful to this bitcoin forum because if it wasn't for this bitcoin forum today I might not have found a solution to my need.
Bitcoin hits 30k today. It would have been more profitable to keep it for a few more days. But you sold bitcoins, to meet your family needs. You will try to invest again and hold for longer, hopefully making more profit.
We all know that Bitcoin is a valuable asset. Everyone wants to keep that great valuable asset for a long time. Because Bitcoin will have a halving very soon. So right now everyone is trying to buy more bitcoins and invest. And right now I have to sell my pre-allocated bitcoins. In fact I never sold my hoarded bitcoins if I didn't need to, I just looked at the bitcoin having and then sold it.
It is true that everyone is trying to accumulate as many bitcoins as possible, no one wants to spend or sell bitcoins at current prices, and everyone is expecting $100k. But don't forget what your bitcoin investment purpose is, if you invest in bitcoin to have a better life, there is nothing wrong with using bitcoin even though it's not as your plan. Imagine if you didn't have that bitcoin, how would you be in trouble? So don't be too sad but be happy because bitcoin has helped you.
Because someone which was not fortunate to have that amount of money on hand will have to get indebted to pay for the emergency, and if the costs are high it could take them years before the debt is repaid, and that is assuming there is not an additional emergency during that time which forces them to take a new loan and get into a downward spiral from which is impossible to escape.
Bitcoin apart from being used as a long-term investment, of course, it can also be used as savings with the aim that if there is an urgent need, of course, it can be sold, SO what you are doing is the right thing because you have made the right decision, namely selling btc for your interests.
We all know that Bitcoin is a valuable asset. Everyone wants to keep that great valuable asset for a long time. Because Bitcoin will have a halving very soon. So right now everyone is trying to buy more bitcoins and invest. And right now I have to sell my pre-allocated bitcoins. In fact I never sold my hoarded bitcoins if I didn't need to, I just looked at the bitcoin having and then sold it.It is true that everyone is trying to accumulate as many bitcoins as possible, no one wants to spend or sell bitcoins at current prices, and everyone is expecting $100k. But don't forget what your bitcoin investment purpose is, if you invest in bitcoin to have a better life, there is nothing wrong with using bitcoin even though it's not as your plan. Imagine if you didn't have that bitcoin, how would you be in trouble? So don't be too sad but be happy because bitcoin has helped you.
Most of us acted like this mate , I must accept selling also my bitcoin in the past when I badly needed it and there are no one and nothing I can do, and that made me feel sad as well but sooner when i recovered and invest more again? now I can finally say that i will not sell my bitcoin again because I am ready for something inappropriate to happen again.
I'm just curious, how many bitcoins have you accumulated? Looks like a lot too, right? But anyway, if you sold your bitcoin at the time you needed it, you shouldn't regret it because it helped a lot for your family.
Also make sure that you have saved some bitcoin even if we say that you sold most of your holdings before. So I am also happy and you are one of those who have been helped and are still being helped by bitcoin.
Also make sure that you have saved some bitcoin even if we say that you sold most of your holdings before. So I am also happy and you are one of those who have been helped and are still being helped by bitcoin.
indeed in investing in btc sometimes there are many temptations that are always present in our lives, which usually we will be forced to sell btc because the necessities of life are always there, but in my opinion you are still said to be lucky because you are investing in btc rather than not investing at all.
but of course you are not too late to start buying btc again,
because currently the price of btc is still cheap.
so keep the spirit friends .... and in my opinion what you do is something good and wise.
but of course you are not too late to start buying btc again,
because currently the price of btc is still cheap.
so keep the spirit friends .... and in my opinion what you do is something good and wise.
Yes mate, you are correct. You know some times emergencies that we can not think of just manifest itself taking is off balance which we never expected to happen. What next is left for us to swing into action which requires us responding to the urgency immediately. They are out on the mean tin
indeed in investing in btc sometimes there are many temptations that are always present in our lives, which usually we will be forced to sell btc because the necessities of life are always there, but in my opinion you are still said to be lucky because you are investing in btc rather than not investing at all.
but of course you are not too late to start buying btc again,
because currently the price of btc is still cheap.
so keep the spirit friends .... and in my opinion what you do is something good and wise.
but of course you are not too late to start buying btc again,
because currently the price of btc is still cheap.
so keep the spirit friends .... and in my opinion what you do is something good and wise.
Bitcoin apart from being used as a long-term investment, of course, it can also be used as savings with the aim that if there is an urgent need, of course, it can be sold, SO what you are doing is the right thing because you have made the right decision, namely selling btc for your interests.
We all know that Bitcoin is a valuable asset. Everyone wants to keep that great valuable asset for a long time. Because Bitcoin will have a halving very soon. So right now everyone is trying to buy more bitcoins and invest. And right now I have to sell my pre-allocated bitcoins. In fact I never sold my hoarded bitcoins if I didn't need to, I just looked at the bitcoin having and then sold it. 
sad to know that you had to let go of your prized bitcoins this early in your investment journey but honestly speaking, bitcoin over my family? I'd choose family any day, so I can't really blame you for selling it since to me, you did the right thing. In any case, I believe you'd still have plenty of chances to recuperate from this loss and stock up on bitcoins in the near future, for now you gotta focus on making your family secure in ways that matter.
Actually, you don't need to regret the sale, even though we know when the situation is urgent and requires any money to be sold including Bitcoin ownership. Today you may sell it but that doesn't rule out the possibility that in the future you will have it again. Don't be sad because family needs are the most important thing above all. In the past, I also did the same thing, selling out of necessity, but time goes on and we always have the opportunity to have it again. There are still many ways to hold Bitcoin, while Bitcoin is still being traded, you can buy it whenever you want. Imagine that there are many people out there who have lost access to their wallets with a large amount of Bitcoin. While they need money to stay alive.
What you said is true and I stand by it but at the same time, we can't really blame the guy, it's like smashing an empty beer bottle at the back of your head, whatever the reason may be, you're still damaged and hurt from the ordeal. I'm guessing that since OP is a capable man anyway, maybe put in the extra work to have enough money to put back into investing? You did it once, you can always do it again if you want to. We have full trust in you OP! 
I had been hoarding some bitcoins for a long time. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money.
Hodling might mean hold for dear life to most but, what life would that be when you let your problems eat you up even though you've got the funds to settle them. You haven't done anything wrong in liquidating your crypto portfolio but, having to sell all of it is something that shouldn't be and like you said, you just couldn't help it and so I can imagine what hell of a conflicting decision you had to make.Better still, your holding in bitcoin has helped you attain some stability and that's great.
Cheer up! You can use Bitcoin to meet your family's needs when there's no other option. You're using Bitcoin to get through this phase in your life, but that doesn't mean you have to hold onto it forever. Although we're currently in a bull market and Bitcoin is on the rise, you can always accumulate it again when you've resolved your issues and have extra funds. So don't stress, take it easy and move forward. You can always buy or earn Bitcoin again.
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