Topic: I rather stay hungry than sell my Bitcoin - page 5. (Read 3063 times)
I have often denied myself certain small luxuries in life when I haven’t had lots of spare fiat, so I can hold off on selling any bitcoin. There are times to sell & times to cut back on luxuries to ensure you keep hodling.
Why not? Bitcoin is going on the moon now. Though month ago, Bitcoin is on the dip as the price is like $28k. But now it overcomes that dip and everyday Bitcoin is reaching a new number. In some prediction, many say Bitcoin may reach $100k end of this year. So i would rather stay hungry than sell my Bitcoin. Just holding it with finger crossed
How long do you plan to stay hungry, eat much less than needed or eat low quality food just to hold Bitcoin? If it will take several years for Bitcoin to reach from $50k to $100k, will you still stick to your plan of holding and starving? Or even hold for 1 year with such conditions? Do you realize, that you would spend more money and time to fix your health?
I would never harm myself with starvation or my family just because I believe that Bitcoin price would grow up. But what if it wont grow up?
Instead of waiting for years (or "end of this year" as you say) Bitcoin grow up from current $50k to $100k for example, I would better work harder or do something to earn that difference in price. Because in the end, even if I did not manage to earn that much, I would gain much more, I would gain experience. And that is something worth much than just money. On the next stage, it will help me to earn even more.
for now holding bitcoin is the right thing for us to do considering the price of bitcoin is still not stable and tends to go up and down at prices that are not as relative as we want, especially considering bitcoin is a long-term investment then we are more free not to release bitcoin in It's been a while.I'd rather be hungry than have to release bitcoin at a cheap price especially at the current price
Holding Bitcoin is correct, that should not be sold at current prices. We all will know that bitcoin will grow to $100k even a million dollars in the future. But if you would rather be hungry, harm your health. without release any bitcoins is impractical. If we are healthy we will have a lot of chances to earn other bitcoins. When you get sick or starve to death, even if you have 10000 bitcoins, it's a waste for you. With health, we have the opportunity to have it all. 
It is nothing but foolishness not to save and eat bitcoin. No one in civilized society will support your comment. Because Bitcoin can never be bigger than your life. So not to be hungry, you should sell some of dollars and buy some foods for your family.
Your decision not to eat is not desirable at all because you are always working to manage your life, to make your lifestyle better, in which case your lifestyle for Bitcoin is in famine.Abandonment is not desirable at all. So it is good that you save bitcoin but not by eating.
Why not? Bitcoin is going on the moon now. Though month ago, Bitcoin is on the dip as the price is like $28k. But now it overcomes that dip and everyday Bitcoin is reaching a new number. In some prediction, many say Bitcoin may reach $100k end of this year. So i would rather stay hungry than sell my Bitcoin. Just holding it with finger crossed
It's really a tempting period for Bitcoin investors considering the constant dip we have been experiencing for a while. I was once adviced to sell my coin when I had an issue that needed money urgently but I objected it took me quite a long time to hodl and loosing them now isn't a healthy idea at all.
You created this post when the value of Bitcoin was at 31726.04USD. Today the value stands at 49250.54USD which is almost a change of roughly 23.18%. If you truly didn’t sell off some of your coins in your time of need, then I’m sure you’d be more than grateful today.
We do have priorities in life and if you do know that you do have investment or something that had been saved up then its just normal that we would really be spending those and wont really make ourselves
suffer.
Its true into those things been said above that its just dumb that you wouldnt make a sell when you are already hungry or when you are really badly needing it.
It's really a tempting period for Bitcoin investors considering the constant dip we have been experiencing for a while. I was once adviced to sell my coin when I had an issue that needed money urgently but I objected it took me quite a long time to hodl and loosing them now isn't a healthy idea at all.
You created this post when the value of Bitcoin was at 31726.04USD. Today the value stands at 49250.54USD which is almost a change of roughly 23.18%. If you truly didn’t sell off some of your coins in your time of need, then I’m sure you’d be more than grateful today.
all of this requires a strong mentality, don't ever be tempted to sell our assets but nothing is impossible, because seeing our needs when it's not safe it will definitely be shaken and have the intention to release everything, there must be a target we release with what number so there is no panic.
The OP statement is not practical as people will sell their bitcoin in case of urgent need. No one can stay hungry and not spend the bitcoin. Bitcoin is important but health is more important than bitcoin. If you do not have life, then the bitcoin will be of no use.
The practical approach is to buy bitcoins with spare money which you do not need in mid to long term.
Spent money for your health and dont really hold into something when you are on a hard situation.
I would never ever consider this kind of act on where saving up money even though you are on a very tough situation?
Money or profits would be all useless if you are dead or got sick.So better make some good and sensible choice rather than on making yourself look dumb into your decisions.
all of this requires a strong mentality, don't ever be tempted to sell our assets but nothing is impossible, because seeing our needs when it's not safe it will definitely be shaken and have the intention to release everything, there must be a target we release with what number so there is no panic.
The OP statement is not practical as people will sell their bitcoin in case of urgent need. No one can stay hungry and not spend the bitcoin. Bitcoin is important but health is more important than bitcoin. If you do not have life, then the bitcoin will be of no use.
The practical approach is to buy bitcoins with spare money which you do not need in mid to long term.
That's just dumb, either you starve and die of starvation or you live, you choose. You can't bring bitcoin into the grave, there's a reason why they call it health is wealth because how are you going to enjoy your profits if you will spend it on hospital or if you're dead?
yes , what you said is partly true but if you are hungry to the point of sickness you will have to sell all your BTC because this is just my suggestion you can wait for the price to go up then sell some to spend then wait to buy only cheap. what i tell you if you are an experienced trader or you find a stable job enough to live on and then you just hoard it long term and don't sell any coins you are holding?
all of this requires a strong mentality, don't ever be tempted to sell our assets but nothing is impossible, because seeing our needs when it's not safe it will definitely be shaken and have the intention to release everything, there must be a target we release with what number so there is no panic.
Hey dbc23, havent you changed your opinion? Do you still prefer hunger over less profit?
How many days a person can survive without food? 1-3 days? During that time the market can turn into opposite direction and you could have sufferee for nothing.
How many days a person can survive without food? 1-3 days? During that time the market can turn into opposite direction and you could have sufferee for nothing.
When investments are concerned, I prefer using money that I can afford to lose and I can live without as it is very risky to work in the crypto market. According to different financial books, I invest 10% and more every month. And I am not going to sell Bitcoin, maybe only in 5 or more years if I see a new big bull run. I will fix a part of the profit, but of course I will not sell it off.
Investing the money that we can afford to lose is one of the basic rule because we'll never know what lies ahead.Its better to have less expectation, given the fact that its risky and there's no certain timeframe on when we can gain from our investment.
Having a plan on when to sell and take profit is a must, its good to hold but if its really necessary to take profit for emergency then dont hesitate and do it.
It's really a tempting period for Bitcoin investors considering the constant dip we have been experiencing for a while. I was once adviced to sell my coin when I had an issue that needed money urgently but I objected it took me quite a long time to hodl and loosing them now isn't a healthy idea at all.
If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.
If it turns out positive certainly the joy would be all mine and certainly a portion of it would be rubbed on people around and if it turns out the opposite direction then I bear my loss alone. It's really my cross to bear and making this decision was out of a deep quite time I had while I was wondering if I go ahead to cash out or I maintain my hodl and from all indication I just have to maintain my hodl till I get my reward no matter the manner it would appear.
I would have thought since you said you have been hodling your Bitcoin for a long time you should have been in profits as at the time you made this post and you would have been able to take from that profits instead of seeing it as losing from your investment. Investments are for profit-making so you can assist yourself with your needs. This notion of not selling Bitcoin ever by some investors sounds weird because we know you will have to sell them someday or is it possible to HODl forever? If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.
If it turns out positive certainly the joy would be all mine and certainly a portion of it would be rubbed on people around and if it turns out the opposite direction then I bear my loss alone. It's really my cross to bear and making this decision was out of a deep quite time I had while I was wondering if I go ahead to cash out or I maintain my hodl and from all indication I just have to maintain my hodl till I get my reward no matter the manner it would appear.
When investments are concerned, I prefer using money that I can afford to lose and I can live without as it is very risky to work in the crypto market. According to different financial books, I invest 10% and more every month. And I am not going to sell Bitcoin, maybe only in 5 or more years if I see a new big bull run. I will fix a part of the profit, but of course I will not sell it off.
Everyone treats their own assets in different ways, but when I choose to invest, I will use my idle assets to invest, and every time I will choose some promising currencies or increase positions, I will leave myself a daily routine The cost of overhead. I think that the crypto market should not be taken as everything, you should have your own job instead of waiting for profit hungry.
If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.
That's where the knowledge of bitcoin and knowledge of the crypto market comes in handy. we must often monitor the development of the crypto market price and take the right analysis so that we can predict well when to buy bitcoin and when to sell it. Buying bitcoin when the price is low and selling it when the price of bitcoin is expensive, if our analysis is good then we can sell bitcoin at a high price and after that we can buy bitcoin at a cheaper price, but we have to be patient waiting for the price of bitcoin to go down, and we must know that the price of bitcoin will definitely go up and will definitely go down.
ending up with this kind of decision.It would really be that worthy for that sacrifice? I can say its not because it wouldnt really be that something to be worth on exchanging your health condition or body
on having money because it would really be just good if you do end up on having medication because of the foolishness that you had done.Whats the point on earning money on the first place?
Some people always think about money and they forgot to take care their health that's why in the end of the they when they get sick they will realize that money cannot buy anything and money is just another piece of papers. We should look at Steve Jobs where he's not saved by his money so before getting to late we should spend our money according to its purpose only save or invest those amount what we can afford to release.
Money is good guys but our health is more important.
If I sell off my coin I might not be opportunied to buy back the coin at the exact rate I bought the previous one and had to come to a concrete decision of not selling my coin no matter the consequence. Yes it's going to be a different story if it turns out negative but what if it turns out positive. Vertually everything about life had two faces been the negative outcome or the positive there is hardly any in-between and so for me I rather take the risk and face what ever comes my way in the near future because risk is a necessity as far as investment is involved.
That's where the knowledge of bitcoin and knowledge of the crypto market comes in handy. we must often monitor the development of the crypto market price and take the right analysis so that we can predict well when to buy bitcoin and when to sell it. Buying bitcoin when the price is low and selling it when the price of bitcoin is expensive, if our analysis is good then we can sell bitcoin at a high price and after that we can buy bitcoin at a cheaper price, but we have to be patient waiting for the price of bitcoin to go down, and we must know that the price of bitcoin will definitely go up and will definitely go down.
ending up with this kind of decision.It would really be that worthy for that sacrifice? I can say its not because it wouldnt really be that something to be worth on exchanging your health condition or body
on having money because it would really be just good if you do end up on having medication because of the foolishness that you had done.Whats the point on earning money on the first place?
Jump to: