Topic: How do you feel selling your BTC against your plans? - page 11. (Read 1300 times)
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I have experienced the things you have experienced many times and it doesn't make me regret it because I was in a very urgent situation where I had to have money to sort it out. Most of us would use bitcoins and sell them because of the urgent matter and that's what we have a stash of bitcoins for. And even if we sell it when the market is red, we still have to do it because we have no other choice. But I believe we can buy more bitcoins when we have money and can be at the right time when the market is correcting. So there is no need to regret that you have sold your bitcoins because of urgent business because that's what you must do.
Bitcoin sats are more valuable than USD, it's good you noticed that.
Next time, always plan for an emergency fund, as a Bitcoin investor, it is better to always have some funds for emergency reasons, do not invest all you have because when the needy comes you will have no choice than to go back into your portfolio and start selling some portion of your satoshis, and trust me, this will cost you, because value doesn't always stays the same.
Here is my way, could be useful for you.
If you make 100$, always keep 50$ apart for survival reasons, maybe keep in your bank account.
Do not be brainwashed with the idea of going all in on Bitcoin, you aren't ready for this, in your case.
Try to make money from other sources, this will make your investment plan more easier.
Next time, always plan for an emergency fund, as a Bitcoin investor, it is better to always have some funds for emergency reasons, do not invest all you have because when the needy comes you will have no choice than to go back into your portfolio and start selling some portion of your satoshis, and trust me, this will cost you, because value doesn't always stays the same.
Here is my way, could be useful for you.
If you make 100$, always keep 50$ apart for survival reasons, maybe keep in your bank account.
Do not be brainwashed with the idea of going all in on Bitcoin, you aren't ready for this, in your case.
Try to make money from other sources, this will make your investment plan more easier.
I hate selling any crypto against my plans. That's why people say that you shouldn't invest more money than you can afford. Because there is always a chance that you will wait for a long time to generate profit.
You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.
However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.
Actually I never wanted to sell my BTC. I want to collect BTC so that it is getting more and more. But sometimes there are needs that I have to meet and cannot be fulfilled from the money I have from working. Of course when selling I feel sad because my BTC amount is reduced. But from that incident I am excited to have more return the amount of crypto I have used. In the end I understood that indeed my goal of owning Bitcoin or crypto is useful to increase income as a fulfillment of family needs.
Not just you, for holders trying to accumulate bitcoins for the future, no one wants to sell their bitcoins. But don't forget to invest in bitcoin is also to meet the needs of you and your family, so don't regret selling it, but be happy because we used it for the proper purpose. Bitcoin, gold, real estate... are all assets of great value, but they all have the same purpose of serving the needs of life, so when necessary, I will use them. They are important, but compared to the lives of our loved ones or our own, they are nothing.
First of all, if you will make a thread or at least share your opinion, please, please don't just post a wall of texts and click the "Post" button. Use some double spaces at least so that the readers will find your post very neat thus, they will read it. Anyway, somebody here in the forum shared that to me years ago. Can't remember the username already, but thanks for sharing it to me. 
Last 2019, I bought a PC. What did I use at that time? Bitcoin. Yes I spend at around 0.09 BTC at that time to buy my very own personal computer. Just imagine 0.09 BTC now if I choose to hold it, and didn't bought a computer. Of course I don't have regrets on that decision of mine because like you, I urgently need it because I don't have anything to use aside from my phone, and I badly need one at that time.
Whenever I sell Bitcoin, it always doesn't against my plans because I'm thinking first for a way to buy it using cash, but when I don't really have any other option, I will simply use Bitcoin, convert it and buy. I mean that is the main purpose of Bitcoin right that's why it is called a currency.
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If you have had such experience, how was it like?
Did it many times already, and TBH, I don't feel even a bit of regret into my decisions.If you have had such experience, how was it like?
Last 2019, I bought a PC. What did I use at that time? Bitcoin. Yes I spend at around 0.09 BTC at that time to buy my very own personal computer. Just imagine 0.09 BTC now if I choose to hold it, and didn't bought a computer. Of course I don't have regrets on that decision of mine because like you, I urgently need it because I don't have anything to use aside from my phone, and I badly need one at that time.
Whenever I sell Bitcoin, it always doesn't against my plans because I'm thinking first for a way to buy it using cash, but when I don't really have any other option, I will simply use Bitcoin, convert it and buy. I mean that is the main purpose of Bitcoin right that's why it is called a currency.
the same thing happened to me, where i used to have Ethereum as a stash, because i had an emergency so i sold it without sparing it, it was at the end of 2020, and it was around $300. try if I hold it 4 months later, it will be able to smile broadly. but that's the journey of life, and I have to learn to let it go, so I can look for it again, and it just so happened that at that time ethereum was my only treasure, maybe it wasn't my luck, even though at first there was no intention to sell it
You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.
However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.
Actually I never wanted to sell my BTC. I want to collect BTC so that it is getting more and more. But sometimes there are needs that I have to meet and cannot be fulfilled from the money I have from working. Of course when selling I feel sad because my BTC amount is reduced. But from that incident I am excited to have more return the amount of crypto I have used. In the end I understood that indeed my goal of owning Bitcoin or crypto is useful to increase income as a fulfillment of family needs.
With all due respect @OP I think you're getting the concept of saving wrong and there is a big difference between savings and investment.
I always feel bad when people get the concept of savings wrong and putting themselves under pressure trying to do what others are doing. The major purpose or aim of any person doing any sort of business is to make profit or make money and saving is just a way of setting aside some portion of the money for emergency issues or pressing issues when the need comes without having to bother anyone with your personal issues.
I don't know at what price you bought your coins but I really don't place so much emphasis on the red and green lines when making sells especially when I know the market price is above my bought price and @Op what truly matters is that you were able to sort your issues without bothering anyone and that's the real concept of savings.
I always feel bad when people get the concept of savings wrong and putting themselves under pressure trying to do what others are doing. The major purpose or aim of any person doing any sort of business is to make profit or make money and saving is just a way of setting aside some portion of the money for emergency issues or pressing issues when the need comes without having to bother anyone with your personal issues.
I don't know at what price you bought your coins but I really don't place so much emphasis on the red and green lines when making sells especially when I know the market price is above my bought price and @Op what truly matters is that you were able to sort your issues without bothering anyone and that's the real concept of savings.
Whether you really have to regret a sell-off or not due to an emergency would actually remain to be seen in the future in such a situation. I did indeed have a similar situation years and years ago. It wasn't for that much, but still it felt bad. But what happened afterwards? So I took action and sold with a couple of stones in my chest, and right afterwards Bitcoin took a nosedive and I was lucky and could buy it back later on for less money. Did I regret that I had to sell? Luck was on my side obviously and that way the emergency was even cheaper than I initially thought.
You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.
However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.
You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.
However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.
This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.
Well, emergency money does not make sense to fund it indefinitely at 30%. The most that is usually recommended is about 6 months' salary. More than that is being too conservative because you will lose money to inflation. So, if you already have 6 months of salary saved like the OP, the rest is better invested somehow. The problem is that sometimes you may have a more serious emergency than those 6 months' salary and be forced to sell, but it's far from the most common. In the last 15 years, the maximum unforeseen event that I have had was 2 months' salary, everything else I was able to foresee and save in advance to meet the expense.
It should be noted that if you already have the 6 months and you foresee that you have to make a repair to the roof of your house because you have seen a leak, you have to save that money separately.
So, it hasn't happened to me like the OP, but in the extreme case of an unforeseen event that forced me to sell part of my bitcoin, I don't think I would regret it, because I would be forced by circumstances and money is there for those occasions, not just for parties and trips.
Yes, it is a very uncomfortable and sad feeling, but when it comes to emergencies, we need to prioritize. I once sold bitcoins reluctantly because I needed more money than my savings, so I had to sell most of my bitcoins. But I have no regrets because bitcoin is just money to serve life, and there are more important things to me. Another thing is I can buy back bitcoins whenever I have money, so I never regret it. On the contrary, I feel grateful to bitcoin because thanks to it, I have solved an important problem.
Well, I've been in the same position as that. However, I thought that there was no other way and I had to sell my assets due to circumstances. it might happen in 2020. but i really want to hold it.
This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.
This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.
If you regret selling your bitcoin, remember that there was someone who sold their 30 BTC for drugs on Silk Road way back in 2012[1]. That wasn't even an emergency in the first place; it was just a craving for someone who wanted to have a little adventure on their own 
.
Kidding aside, if you don't have a choice but to sell, move on already and start accumulating or DCA'ing again instead of feeling sorry for yourself due to an uncontrollable situation. Whatever happens, happens.
[1] https://www.reddit.com/r/CryptoCurrency/comments/ncc1xz/in_case_you_ever_feel_bad_about_selling_early/
.Kidding aside, if you don't have a choice but to sell, move on already and start accumulating or DCA'ing again instead of feeling sorry for yourself due to an uncontrollable situation. Whatever happens, happens.
[1] https://www.reddit.com/r/CryptoCurrency/comments/ncc1xz/in_case_you_ever_feel_bad_about_selling_early/
I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that.
but lets pray that this will not cross us mate (because I don't really want to face this in any case)Quote
But I think it's not as bad and devastating as some might say, it's just money.
reading other posts? it seems that everyone here are being serious nad will carry this with heavy load of comes.Quote
No one will die if I do that.
that is correct exactly , this is just a money and we will earn this in the future .
It is a tough decision i think , though I never cross this situation but if time will call me for? sure that I will decide with a heartbreak mate.
I have a friend that sold His bitcoin (and this is not against his will) but he really regret when the price climb high.
so what more those who don't wanna sell but needed to that moment and suddenly price pumped or Bull market comes?
that will truly hurt them .
I have a friend that sold His bitcoin (and this is not against his will) but he really regret when the price climb high.
so what more those who don't wanna sell but needed to that moment and suddenly price pumped or Bull market comes?
that will truly hurt them .
I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.
it is not about dying if you sell your bitcoin but some dreams might die to become rich how many of us are trying to keep our bitcoin on hold and selling those for something we don't really want is a frustrating feeling.
and you can say that for now because it seems that you are not a holder or not investing big , nor don't have experience from the past halving bullrun.
once you have those? your views will change for real.
That's the main reason why most people tend to use Bitcoin as a commodities rather than as a currency, because they feel when they spend their coins, they're sell at lost. Actually it's not a problem because you still have a lot Bitcoin and you will not always make profit if you're in hurry.
Let's say you're sick, you're going to visit a hospital, you're offered an option whether you're need to wait for next 3 hours but you're only charged for $100 or you don't have to wait but you need to pay $500. Which option you choose? of course depends on your condition and disease.
Let's say you're sick, you're going to visit a hospital, you're offered an option whether you're need to wait for next 3 hours but you're only charged for $100 or you don't have to wait but you need to pay $500. Which option you choose? of course depends on your condition and disease.
Unfortunate thing can happen unexpectedly. I have experience something like that maybe once or twice but not for Bitcoin it was an altcoin it fell below the price I bought and I kept holding hoping it will recover soon so that I can sell all of them even if I don't get to realize any profit as long as I got my capital back then that's okay for me but unfortunately something came up and the money with me wasn't enough so I had to sell even though the price was low. Although, I didn't feel much because I was dealing with altcoin and I knew what I had involved myself with.
It makes someone to feel bad at the moment, because it's not your plan to sell your bitcoins but condition make you to sell, so that you can settle the situations on ground so that it will not affect your family or your future. I experienced it from one of my close friend in the Same lodge, who needed sum of huge amount of money to pay his school fees at the moment, so that it will not affect his final year exam, but he was looking for money to borrow to settle the school fees and pay the person back before the end of the year, because he believe that the price of Bitcoin will definitely increase higher before that date. But nobody to help him at the moment and he had to sell his bitcoins at lower price with tears on his face because the price of Bitcoin was too low in the market.
Thanks for sharing what you've gone through. I have never experienced this but I have been trying to avoid this all this time. I have already considered this possibility. There could be an emergency anytime, that's why you do not invest everything in Bitcoin. That is not a wise thing to do. You should only invest your extra money. Don't include in your risked money those savings that are set aside for possible emergencies and other expenses.
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