Topic: How do you feel selling your BTC against your plans? - page 4. (Read 1300 times)

of course this is very painful, especially when the price of bitcoin is declining...//...,,,

I think it is perfectly normal to feel some sort of regret with what you do, it is an emergency, and if it is the last thing that you can resort to for it to be done, the you made a perfectly valid decision. In comes to trading and holding, we should always prepare ourselves to be disappointed with our decisions since there are some events that we can control, as well as the volatility of crypto. At the end of the day, I believe you have learned something from that situation, so you will never be a loser since you can use that for your future decisions in terms of holding and planning your finances and holdings.

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

I also felt relieved to read that others are spending savings in bitcoins, and this is normal! The main thing is to withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn. And it is very important to replenish the deposit if there is extra money later, preferably when the bitcoin price is the same or lower.

if you still have other ways to solve your problem then my advice is never to sell bitcoin at an inopportune time, such as currently the price of bitcoin is still carried the ATH that we expect and that has happened in the past, if you sell bitcoin in times of emergency and this is indeed very hard for you then later you will definitely feel great regrets when bitcoin can again reach a new ATH, and this has been felt by many others who have never thought that bitcoin is very beneficial for the future, but this is all up to you maybe this is the only way so you have to do it.

Actually I also lost that moment. for some reason, i also sold a lot of crypto assets I had that year. However, seeing crypto prices going up so high at that time made me quite frustrated. However, I think many people make the same mistake that we do. whether it's due to economic factors, needs, business, and others, many people sell their assets even before the halving occurs, or not long after the halving occurs. this can only be a lesson, that we really need to prepare emergency assets without involving the investment assets that we have.

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

One thing I learn here is that we shouldn't put so much of our savings into bitcoin we should make sure to keep some fiat sum for cases of emergencies as this. So an emergency situation that demands money doesn't easily have to thwart your bitcoin investment plan.

If you are really that
planning on holding up your bitcoin no matter what then you would definitely finding up ways where you might take a loan or borrow into someone on times of emergencies for you not to
just spend up the coin that you've been holding.

That's the beauty of diversification, my friend.

You should have several types of savings and, in case of urgency, spend what you need less now. I would spend Bitcoin last because I believe in it the most.

I don't think you should be upset. Just take this situation as a lesson, draw conclusions and become a smarter person.

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

That's a must when there are circumstances that we're facing. Even if we're hard-core bitcoin holders and believers, there will be points of our lives that we have no option but to sell. Hoping that people in the same situation as yours would have a better situation soon.
I've also sold forcibly with a little profit because also for some personal reasons that only selling bitcoin is the way. I did regret it at the beginning but here, there is nothing I can really do and after reading some good posts about it, that made me feel some relief when it's like that we really need to do it for that sake.