Personally, what i have learned is to always approach investing in cryptocurrencies as a real business and not just as a game of fantasy numbers.
I am in this business to make money and as long as i am taming money/profit out of the cryptocurrency market, then i am satisfied.
I will not go hungry because i am investing. I believe in work/life balance
Topic: I rather stay hungry than sell my Bitcoin - page 6. (Read 3063 times)
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?
Seriously you are kind of funny is better you stay hungry than to sell your bitcoin don't you think it sounds funny what if you staying hungry endup causing another problem to you probably health issues will you sell your bitcoin to treat yourself or you wiill still hold your bitcoin you won't sell. I believe the main reason why you are holding a coin is for future purpose and if you are having problem I believe you have to use the coin to solve the problem. What if you die then what's the use of the coin you are holding that you don't want to sell.
If me in a condition when i am hungry means i don't have anything to buy food, i will sell my assets. Maybe that is hard choice but for people who still on limit condition, although already spare free money to make investment, something that unexpected can be happen. Maybe if OP decide to stay hungry and keep holding his assets, it is his choice and he must already know what he did.
That's his conviction and it's need to be respected, if he choose to continue holding his assets even his already starving
then it will up to him, we do have our own opinions and we know that we can only decide if we really face the same case,
loving your asset than loving your life.
One of the important things in investing in btc is that we have to be patient. Where we also have to know that the price of btc in the market goes up and down and that can happen at any time. Therefore we must be patient and analyze the market well so that we can determine the right time to sell it. Currently the price of btc is experiencing a decline and it is true that it is better to hold it than to sell it now and feel disappointed in the future. It is indeed difficult and must be able to sharpen the brain to think how to survive with the current crypto market. I believe that holding btc is a good thing and will get good results in the future too.
it's true as you said, if we invest in bitcoin we must be patient, if we are impatient we will definitely experience losses, if we save btc it is good, and will get good things when we resell, but don't let us hold back hungry, because we store everything we have in btc,, the stomach must be filled, so that our brain functions again.. Gladly i not leave my main job yet. I think as investor, we must be ready for something unexpected. Maybe for OP still luck his investment turn into a profit. But we don't know if price bitcoin keep falling what will happen to our investment and it will be hard for us to decide what should we do if we need money. If me it is better to look for real job so we still can get income although price of bitcoin still in a not good condition to sell.
Crypto investment isn't really that safe and that is the truth about investing. It might collapse or vanish in the market, we never know. But that is not what I think, for now, I believe that Bitcoin will grow. I know that you were still not sure about investing in Bitcoin, well, it is a need to have some motivation and look on the positive side leaving your negative thoughts as you can never go far if you keep those stuff. Anyway, we have sometimes used our instinct, if you are not sure about Bitcoin, then it was good not to leave your job while you still trying to give trust to your investment.
One of the important things in investing in btc is that we have to be patient. Where we also have to know that the price of btc in the market goes up and down and that can happen at any time. Therefore we must be patient and analyze the market well so that we can determine the right time to sell it. Currently the price of btc is experiencing a decline and it is true that it is better to hold it than to sell it now and feel disappointed in the future. It is indeed difficult and must be able to sharpen the brain to think how to survive with the current crypto market. I believe that holding btc is a good thing and will get good results in the future too.
Op needs to understand two things:
BTCBitcoin moves in a swing high swing low.
BTCBitcoin can not be bullish forever.
Bitcoin price moves in a swing high and swing low manner to gain momentum. For a trend to continue, it must retrace first before continuing. The momentum gathers enough liquidity for market movement which can be obstructed if their is less liquidity.
For a bullish movement to continue, there must be retracement to the downward side.
BTCBitcoin moves in a swing high swing low.
BTCBitcoin can not be bullish forever.
Bitcoin price moves in a swing high and swing low manner to gain momentum. For a trend to continue, it must retrace first before continuing. The momentum gathers enough liquidity for market movement which can be obstructed if their is less liquidity.
For a bullish movement to continue, there must be retracement to the downward side.
Gladly i not leave my main job yet. I think as investor, we must be ready for something unexpected. Maybe for OP still luck his investment turn into a profit. But we don't know if price bitcoin keep falling what will happen to our investment and it will be hard for us to decide what should we do if we need money. If me it is better to look for real job so we still can get income although price of bitcoin still in a not good condition to sell.
He needs a strategy for him not to go hungry. If you are up to hold your BTC, you got to have something else to do like trade the extra coins you have and keep trading especially if you rely on trading for you have no job.
ETH for example is a good token to trade which you could at least earn a hundred or more a week. You don't even have to accumulate ETH but just USD to withdraw to your account but I guess this is for someone with good skills level which I don't have also.
ETH for example is a good token to trade which you could at least earn a hundred or more a week. You don't even have to accumulate ETH but just USD to withdraw to your account but I guess this is for someone with good skills level which I don't have also.
Please no, this is really bad advice. Get a job. A regular one. Use your skills and progress in professional life. Don't trade.
Use what you can do buy Bitcoin, sell what you need if you need it, that's what Bitcoin is there for! To provide for you in emergencies when your fiat becomes worthless. Asking people to trade to earn is not just wrong it's not even possible for the majority of us.
I smiled when I read your subject but you know that there are a lot of things that are beyond human control that make some people sell off their coin that is reasonable. You are selling to stay alive if you need to sell when you are hungry.
I am a bitcoin focused person, am so excited whenever it has to do with bitcoin, that. Curiousness got be to register into this forum, I am not the billionaire in bitcoin that I want to be yet but am excited about anything bitcoin, but hunger is a different aspects I have experienced it and it's not something to be proud of, infact it kills I won't encourage to go hungry to keep on holding bitcoin for no reason, if you don't have any fiat and you have bitcoin to quench your hunger then you have to sell off the bitcoin.
not a wise decision, it's tantamount to you choosing death rather than selling your Bitcoin....remember that you have to live and eat to be able to continue making money and Bitcoin. don't waste your chance, maybe you can make more money or btc when you sell your bitcoins for food, don't hurt yourself.
I'm sure the OP is just spreading a joke because it's impossible to be hungry and choose not to sell assets from investments, that's the biggest mistake that when you are sick it will not be enough to treat it from the amount of assets you have, health is the most important and very prioritized. 
not a wise decision, it's tantamount to you choosing death rather than selling your Bitcoin....remember that you have to live and eat to be able to continue making money and Bitcoin. don't waste your chance, maybe you can make more money or btc when you sell your bitcoins for food, don't hurt yourself.
Watch out for your health first before anything else, remember that health is wealth, it should be your top priority and if you end up with diseases caused by your voluntary fasting because you want to keep your bitcoin portfolio safe and ripe for picking then your profit will just end up being used for paying hospital bills which isn't the best way to spend your profits.
Very funny. If you allow yourself to run the risk of starvation, you can get sick. Just imagine, you hold bitcoin and it turns out that the price is positive high and you get a lot of profit, on the other side, you are lying in the hospital because your stomach is injured due to lack of food.
Think better. You can still hodl your bitcoin dan you can still eat. For example, by working and getting a salary to buy food. Or borrow money from your friends.
Dont talk like that literally because OP means he would rather not to spend every single coin he holds in order to live a luxurious life instead all of the funds must stay on hold until the right time comes for him to withdraw or convert his coins.Think better. You can still hodl your bitcoin dan you can still eat. For example, by working and getting a salary to buy food. Or borrow money from your friends.
practicality won't damage our ego sometimes from understanding .
Very funny. If you allow yourself to run the risk of starvation, you can get sick. Just imagine, you hold bitcoin and it turns out that the price is positive high and you get a lot of profit, on the other side, you are lying in the hospital because your stomach is injured due to lack of food.
Think better. You can still hodl your bitcoin dan you can still eat. For example, by working and getting a salary to buy food. Or borrow money from your friends.
Think better. You can still hodl your bitcoin dan you can still eat. For example, by working and getting a salary to buy food. Or borrow money from your friends.
He needs a strategy for him not to go hungry. If you are up to hold your BTC, you got to have something else to do like trade the extra coins you have and keep trading especially if you rely on trading for you have no job.
ETH for example is a good token to trade which you could at least earn a hundred or more a week. You don't even have to accumulate ETH but just USD to withdraw to your account but I guess this is for someone with good skills level which I don't have also.
Selling your BTC is always going to be a very difficult decision to make. And I am someone who have sold my coins at a loss. When I made my initial purchase (in 2014), the price was around $600 per coin. The final rate came to around $630-$640, adding the markup by the seller. And in 2015, I sold some of my coins at a loss (~$250 per coin). When you face financial difficulty, you don't have much options other than to dip in to your savings. And during the 2016-21 period also, I have sold a lot of my coins (this time, at a profit). But the important point here is that I still have a majority of coins from the original purchase in 2014 remaining in my wallet.
Studying the market will give us better understanding about how to invest and when to trade the holdings. Myself kept hold for years expecting big rise, but to my bad luck it started to turn bullish once after the I sold. Such situation should not happen, rather than keeping it idle try to sell and buyback when you feel more confident on the market. Particularly sell when the price is beginning to drop, so that you can sell high and buy it back at a lower price within a short.
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