Topic: How do you feel selling your BTC against your plans? - page 8. (Read 1300 times)

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?

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

You will really feel bad about it since its against your plans but you don't have a choice especially if you will use the money for an emergency. Even the price that time is low you will sell it, swear. But remember that you did a good decision back then, just think of the result in one situation if you wouldn't do that.

Have you considered taking out a loan or something like that?
I think lenders will be willing to give you a loan of a certain amount, but you just have to convince them that the conditions are met.
Besides, I don't know how much funding you need and what the goal is. Urgency should be clearly classified, but if it involves the safety of your family or anything that puts their health at risk, then sell your bitcoin to save them. It is the most good option instead of spending time looking for a solution.

I think most of the people who stick with cryptocurrencies have been in this situation.  And those who know well about this will definitely not feel good after these experiences.
I have also faced this kind of situation several times, there was nothing to do, I had to withdraw lightly accumulated funds for long term investment.  And that strategy had to be taken again later. And the feeling of it is not good at all specially for this current situation of market And in 2021, this feeling was even worse. But I think if you want to use Bitcoin in all kinds of field, then you should keep some funds aside for it.

I think most of the people who stick with cryptocurrencies have been in this situation.  And those who know well about this will definitely not feel good after these experiences.
I have also faced this kind of situation several times, there was nothing to do, I had to withdraw lightly accumulated funds for long term investment.  And that strategy had to be taken again later. And the feeling of it is not good at all specially for this current situation of market And in 2021, this feeling was even worse. But I think if you want to use Bitcoin in all kinds of field, then you should keep some funds aside for it.

Have you considered taking out a loan or something like that?
I think lenders will be willing to give you a loan of a certain amount, but you just have to convince them that the conditions are met.

Besides, I don't know how much funding you need and what the goal is. Urgency should be clearly classified, but if it involves the safety of your family or anything that puts their health at risk, then sell your bitcoin to save them. It is the most good option instead of spending time looking for a solution.

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?

I am at the stage in my life that I have enough emergency money that I have invested a big amount of my savings into Bitcoin. I can continue to live off of my emergency money if some thing goes wrong and I will not be forced to sell my Bitcoin until I have hit my target which the price is a long way from hitting the amount I would sell at. I encourage others to dca because that helps you still profit if you need to take money out of Bitcoin and use it for other things.

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.

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?

When things don't go as we planned, it's an indescribable sadness. But if selling bitcoin or any other asset can help us in an emergency or save someone, it's the right thing to do. And as you said: as long as we have money, we can buy back bitcoins, so there is no need to regret but find a way to fill in what was lost.