Topic: How do you feel selling your BTC against your plans? - page 7. (Read 1300 times)

That's true.

We have no option but to sell because it is where most likely our savings is in and as long as it is in profit, we still feel the regret that we have to let go with our holdings because we don't know if we'll be able to take it back at the same amount.

Just think that you've used the profit in good purpose and that's already a great deal to you after holding it for a quick or long period of time. That's the best consolation that one will get by thinking that you've got the best deal ever with your money through investing in bitcoin and upon selling it in profit, you'll use it for that important thing you want to purchase.

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no left options but to sell because maybe the emergency funds are not enough, the feeling is really devastating. You could have sell them in a perfect price if you never sell them earlier than your plan. But that’s what life is. Sometimes we have to take some unplanned decisions even if it will badly affect us, but knowing it will be good for the person we love, then taking the decision should mean no regretting.

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no let options but to sell

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

Believe me, if you are a holder of huge amount of bitcoin, you just prefer to hold it long until you see good price to sell, rather than sell it unplanned just because someone is in badly needed for money. I really understand what OP is trying to say, but always remember that there are limits to everything. If bitcoin could mean the only way to save a man’s life out from danger, or from a very worst situation, then forget about profiting, saving life is more important than seeing yourself still in profit but you fail to help people in need. So there’s no reason to regret for long, you just have to do DCA again so you can regain your bitcoin amount in your portfolio. No if’s and but’s.

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.

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.

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.

If you have had such experience, how was it like?

When the price of Bitcoin was between $12k and $16k, I invested some Bitcoin and kept it. Actually the bitcoins i had were mainly earned from this forum. I held that investment for a long time. I sold my bitcoins when the bitcoin market rose to $40,000. Then Bitcoin did not stop there and gradually increased and took the position of $69k. Then I started feeling very bad. It seemed like I would have made more money if I had held on to this short period of time. However, I regretted it for a while and accepted it from my heart.

Yes, an emergency fund is very necessary and important to our life. But I still see many people proud to invest all their money in bitcoin without any emergency fund, they think it's cool to do so and brag all over the place. I think at some point they will regret their decision.

But you bought it at a different price and also sold it at a loss, but if your purpose is to have money in case of emergencies and those are not intended for other things, then it is okay, but if you have plans for it, try to find another solution like borrowing money if you can pay it, mostly if that is not huge. Though again, if the situation is really bad, you have no choice but to sell it. Don't regret it; you needed it. But next time, you should also have an emergency fund so that you can take it in case of emergency.

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?

True. Regardless if the market is red or green, that won’t matter anymore as long as it will save someone’s life which is very dear to you. I know the feeling isn’t easy but the fact that there’s no other way that you can obtain that huge amount of money, then you have no choice but to sell it. There are instances that I have been in your shoes and I must say it’s so devastating, but knowing you are able to help from your bitcoin hodling, I must say the feeling is so fulfilling.