Topic: How do you feel selling your BTC against your plans? - page 5. (Read 1300 times)

For me in as much as whatever the emergency was that made me to take such action is of immense benefit to me then the feeling is mutual. When the money you're waiting for comes you can still execute another bitcoin purchase possible this time could be the best price compared to how much then the price  you had to buy the previous one you just sold.
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.

I agree that when an emergency happens and you have to tap into your investments, that is always a bad moment and it always makes people sad. I went through the same thing and that is definitely not an easy thing to handle and makes a lot of people sad, I get it and I faced it and I think you are right.

However, we are not really that rich, not right now at least and this is the only way we can get rich. You can either have a huge income that can make you rich, or you have to invest and get lucky with a big increase to get rich, there isn't really that much other options. In this case we have to keep reinvesting after the emergency situation and wait to get lucky with a big increase eventually.

I have actually not had this experience but from what OP is saying i know it must have been a tough decision for OP to make as it was the only source at that very moment that could be of rescue to OP demand. OP should not worry because these are one of the occurrences in the course of life and investment. To the best of my knowledge as regards OP statement,  OP should not have felt bad because these are one of the major purpose bitcoin serves. Bitcoin is money and it served OP by rendering services to OP at point need. I believe Satoshi developed bitcoin as money and not investment so therefore, it is time people see bitcoin as money irrespective of the fact that it is tagged investment, bitcoin is digital money. OP you should not worry as what you experienced is not bad.

You know very well that how is the situations of crypto market so before investment make a mind about everything is compulsory. You should remember that in future it can happens and you have to take action according to it.

Wise man never uses large amount for such purpose because market is unstable and due to this reason your money will not be in save state it will be in dangerous, there will be dual positions that are gaining as well as losing so think about both.

You are selling bitcoin because of your emergency so you will learn from this activity and I think its a big lesson for you. Mistakes are not always mistakes sometimes these mistakes become a cause of your success and you know that these mistakes are steps towards achievement.

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.

Why? What is the purpose of your bitcoin investment, and if you sell bitcoin to save someone, it is well worth it. One person's life cannot be bought, but bitcoin is too easy to buy, as long as you can earn a lot of money, you can buy bitcoin at any time. Have fun while we do it because bitcoin is useful to you.

Feeling of regret or having those doubts is normal since we are really that aiming for accumulating for the upcoming bull run on which there are really situations or things in life which we cant really be able to avoid
on where we do really ending up on selling our coins because of some emergency but just like the rest that there's nothing we can do specially if we do have no other choice but sell some part of it.

You are right that we should really be not that angry on why we do able to spend out of those.We are saving up on something which emergencies is included and this is why
when you are in need then it is really just right or something needed to do when we do face up problems or challenges in life.

That would be one of your greatest regrets no body want to run at loss in an investment or a business be it in the crypto world or other aspect of life. There are always circumstances like this where you would in a tight situation to make such decisions, you will have nowhere to seek help from than yo just take from your investment, when this happens its better to attend to the situation at hand and worry later about your investment, you may recover from such loss if you are lucky. Just attend to your most pressing need.
I was once in a tight situation like this but i was lucky to recover from it.


Everyone has a strategy. Some people will sell when they make a small profit, while others prefer to hold onto their investments for a longer time and earn a larger profit. So, when they sell below their target points, they  often feel bad about it. When necessary, bitcoin should be utilized to resolve personal  matters.

It is a hard decision to sell your bitcoin while having a price correction, I experienced this before.
But if it brings satisfaction to our financial problem we should not regret it --it is admirable that we were able to prioritize your family's needs and take the necessary steps to ensure their well-being. Keep in mind setbacks are just temporary, and with hard work and perseverance, we can bounce back and achieve our goals, we can able to reinvest and do DCA in purchasing bitcoin.

I recently experienced almost the same emergency activities that lead to me selling some of the BTC I was planning for DCA weekly till achieve my goals of accumulation before the total bullish market.
It hurts and it somehow dispirited me but when I think about the importance of the reason why I sold the BTC against my plans I feel happy because it is still for the greater good.

It's not a failure if it's been put into the best use of the money you'll be taking from selling bitcoin. Whether it's on a loss or a profit, as long as you know where it is heading then it's a success.

The response of each of us varies from the sale that we've made and if your response is somewhat satisfying then you don't have to regret it because you know that you made the right choice.

We can always accumulate but it's harder the next time around because the price might be higher or the situation might be harder.

It's really a bad feeling to miss out on such an opportunity due to emergency needs. All of us see Bitcoin as a great investment opportunity that's going to pay off in the next one or two years. I had the same situation in 2018 when the previous bear market started. Unfortunately, my experience in the market was very low, so I wasn't able to do some risk management and found myself forced to sell some of my Bitcoin holdings, which would be worth much more now if I held them, but that was a good lesson that paid off later. Now, I have a USDT fund which I use to pay expenses, as well as have an emergence fund. Luckily, I sold some of my holdings in 2022 on the way down, and therefore I collected this USDT fund. Sometimes, all we need is to control our emotions and don't contradict the market. However, there's still enough time before any real bull starts, in my opinion. You were forced to sell, but may be able to buy later.

It is somehow regretting to sell our BTC against our plans but the situation presents that we need to sell it because we don't have an extra fund for the need of the family.  It made me to strive to look for extra income so that my cryptocurrency portfolio won't be untouched if times comes that I need an urgent fund.  The regret is there but it is short-lived because behind my mind, I sell my BTC to save my family from starvation or an undesired situation and I think it is worth the sacrifice after all I can reaccumulate BTC or can start over again.

Bitcoin DCA calculation should be properly understood,  and if that is done it will give bitcoin holders a better perspectives as to what to expect from their Bitcoin holding and when is the best time to convert them into stable currencies.

Some may feel bad selling the Bitcoin,  but the big question is, if not to sell to solve personal issues why then holding bitcoin,  because I have read a few statements about bitcoin being a life saviour that is your bitcoin becoming your only option in a tough and challenging time.

I for one definitely know this exact feeling, because i myself have face such situation before but still on still selling of your coins for an emergency is not a bad action at all. Its not advisable to hoard or keep your money when facing challenges as the problem is not going to go anywhere until they are solved. I never have a regretful feeling towards selling my coins for handling cases of emergency but I definitely won't sell my coins if the case is not something of dire urgency.

Yeah, your explanation does not really tells you are feeling bad because of the deep love you have for btc, it just shows your feelings were because of the price difference because you see btc as an asset that you can make much money from when the market is booming.  
I guess the feeling is mutual for 90% of btc holders, everyone always wishes the price is at its peak whenever they feel the need to sell their btc.  
You can rest easy now.  

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.

No one would really feel grateful and would be willing to spend his hard earned crypto savings in a situation shared by OP, but we have no control over life’s uncertainties so instead of sticking to our plan, I guess being more flexible will be better this time. After all, we all save bitcoin so we can use it in times of unpredictable circumstances, so now is the time. Though it’s not actually your perfect time to sell, but if selling it would mean the situation feel better, then I’ll just sell it anyway without regretting.

Although a while ago I proposed myself to not sell any BTC for a very long time (maybe until it will reach $1M), I was forced, by life, to do it. At the end of 2020 and beginning of 2021 my mom was close to lose her house. It was the house (actually a two rooms apartment) when she grew up and where I also grew up. She was facing a trial, unless she would get to an agreement to someone and, if the case would reach a court of law, she would either have to sell the apartment for paying a debt to that person or give the apartment to that person and receive some money instead. The story is too complex and I won't go into much detail, as it's pointless.

I had some BTC at that time and, seeing mom in that situation I decided to sell all I had and help her. And this is exactly what I did.

Indeed, it did not feel good to know that all I accumulated in years was gone but, after all, it was a delicate situation of my own mom and if I did not help her then nobody would. I never regretted the gesture, as, of course she also made many sacrifices for me, for raising me, for educating me. And, first of all, she gave me life.

So yes, there may arise situations where you have to let go your precious BTC. They are not desired situations, yet there may be nothing else to do. Always think that you were blessed to have that BTC to help you get out from a very delicate situation and think about what you could have done if you did not have the extra money from BTC... And, in the end, think that it's not end of the world. You still have an entire life to accumulate BTC!

I have sold my bitcoin but it was not on an emergency level, the first time I make a withdrawal was after two years of investment and I wanted to invest in something else, I sold some bitcoin with profit so I only have good experience with the sales.