I rather stay hungry than sell my Bitcoin - page 7.

livingfree

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Quote from: marine4u on July 19, 2021, 04:08:45 AM

As for bitcoin, I wouldn't foolishly cut my losses to sell at a lower price. If you are not brave enough to do it. You cannot successfully and effectively survive in this market. Bitcoin is very difficult to buy at a good price, sometimes it takes you all night to decide a buy price. So just hold and wait for the opportunity.

If you're a holder/investor, there's no need to do that.

But if you're surviving from day to day and you're doing it through trading, you have to do it if you think that you need to stop the loss. You don't have to wait all night for you to decide.

That's why you create a plan and list the prices that you want to sell and to buy.

Luqman

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Quote from: AakZaki on July 19, 2021, 03:56:10 AM

Maybe everyone has a different technique, but I won't hold back BTC if hunger can kill us later LOL.

I agree. What for holding BTC if we feel hungry and risk our life. We must understand which one is the priority. If it is about food, I surely will sell my Bitcoin even I will sell it cheaper than buying price. There should be another chance to buy again in the future, selling Bitcoin doesn't mean never have it again forever.

Quote from: AakZaki on July 19, 2021, 03:56:10 AM

Maybe if you are a financial owner enough and BTC is a cold financial residual then that is natural.

For people who have a good financial level, they shouldn't feel hungry as they have no problem with daily needs. In this situation, they can store their BTC with no doubt for urgent needs like food. But I guess there are still many BTC holders who have no good financial stability. In fact, some force to buy Bitcoin from loan money or funds for daily needs.

yazher

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Quote from: Yogee on July 13, 2021, 11:05:07 AM

Diamond hands will rewarded in the long term but do not take hodling to the extreme and treat it as a matter between life and death. You don't buy it with money you are supposed to use for buying food to live hehe. Investing what you can afford to lose still applies to BTC. I hope you have other means of earning so you won't have to face a situation like that.

Some other people do that where they bet everything on investing in Bitcoin and some of them sold luxurious things just to ride the trend. Have you ever heard someone sold their house just to invest in BTC? well, this is the place where the actual weird things happen and the guy I was talking about is living in a tent with his family. Extreme people just don't wanna listen to other's advice instead, they make decisions in their own way. More risk more rewards but there's no turning back once it fails.

marine4u

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As for bitcoin, I wouldn't foolishly cut my losses to sell at a lower price. If you are not brave enough to do it. You cannot successfully and effectively survive in this market. Bitcoin is very difficult to buy at a good price, sometimes it takes you all night to decide a buy price. So just hold and wait for the opportunity.

AakZaki

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Quote from: fara_buduk on July 18, 2021, 07:12:51 AM

I myself often face things like this, one thing I do when it's like this is to apply for a loan / sell other items and I hold on to it until I hold it because I don't want to be broken hearted

Sometimes we need to enjoy our results. No exception from trading and BTC. It may not be much but keeping you full with BTC is a satisfaction in itself. It will pump your desire to keep looking for it. Maybe everyone has a different technique, but I won't hold back BTC if hunger can kill us later LOL. Maybe if you are a financial owner enough and BTC is a cold financial residual then that is natural. But not everyone is like you.

Vaculin

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Quote from: dunfida on July 18, 2021, 05:21:15 PM

Quote from: Yatsan on July 18, 2021, 03:08:21 PM

snip~

Temptation would really be there because people would definitely going to last resort when they are already on the hardest situation in life and if they do know that they do have something
still to spend on or convert they they would definitely do it.

I cant afford to make myself hungry if i do know that i do have money to spend on.Dont risk your health because the profits you would make would just be simply nor even lacks or not sufficient
when you are already had some maintenance or really get hospitalized.

Health is the most important and next would be money.

That is something ridiculous how OP just only thinks about money without considering his health first. We can't make use of our Bitcoin and enjoyed it if ever we die by tomorrow.
Why we should have to suffer ourselves knowing that we have money and we can certainly afford to buy some food. If only the reason why he keeps his Bitcoin just to make ! complete BTC, it makes no sense if the result is we destroy our health.

dunfida

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Quote from: Yatsan on July 18, 2021, 03:08:21 PM

Well, that is a really tough one dignified statement that I wish the OP can be able to make it because even if you wanted to resist the temptation, there really comes a time that you cannot endure it because you are already being triggered into something that will push you to do it even if you have promised not to do so. It is just fine to hold into your Bitcoins if you really want to and if you are not being short with finance because it is indeed great to treasure Bitcoin rather than spending it or easily selling it since it have the nature to rise its value and losing the opportunity to experience such is kind of frustrating.

Temptation would really be there because people would definitely going to last resort when they are already on the hardest situation in life and if they do know that they do have something
still to spend on or convert they they would definitely do it.

I cant afford to make myself hungry if i do know that i do have money to spend on.Dont risk your health because the profits you would make would just be simply nor even lacks or not sufficient
when you are already had some maintenance or really get hospitalized.

Health is the most important and next would be money.

Yatsan

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Well, that is a really tough one dignified statement that I wish the OP can be able to make it because even if you wanted to resist the temptation, there really comes a time that you cannot endure it because you are already being triggered into something that will push you to do it even if you have promised not to do so. It is just fine to hold into your Bitcoins if you really want to and if you are not being short with finance because it is indeed great to treasure Bitcoin rather than spending it or easily selling it since it have the nature to rise its value and losing the opportunity to experience such is kind of frustrating.

fara_buduk

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I myself often face things like this, one thing I do when it's like this is to apply for a loan / sell other items and I hold on to it until I hold it because I don't want to be broken hearted

dansus021

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If you work on cryptoindustry and get paid a coin maybe you need to sell some for eat, but if you buy coin for a hodler the answer is yes u need to stay hodl and buy with dollar cost averaging it would be really help

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Quote from: Slow death on July 18, 2021, 06:19:00 AM

Quote from: kidbounty on July 17, 2021, 09:38:01 AM

prefer to starve just to hold Bitcoin. this is the dumbest choice i have ever heard. Humans can die of starvation. So forget about investing, one needs to eat to survive. There will always be second chances, as long as you are alive and you can buy bitcoin again next time.

when I read this thread I thought:

it must be some kind of joke, i mean no one in this world in their sane would prefer to starve while they have money, in this case while they have bitcoin

I even asked the OP what if he dies? what was the advantage of holding something that doesn't benefit him when he needs it most? I hope it changes this way of looking at bitcoin investments

Maybe he is just an idealistic man who believes in the power of Bitcoin to make him rich. I know many people become like him in 2011 when they bought their first bitcoins. He should have bought during the time when Bitcoin was at 3000 to 10000 dollars a piece, because he wants to make his investments increase a little more. Ten fold if he bought at 10,000 dollars and price reached 100,000 dollars. So if he invested 10,000 dollars then that would be not enough if his investment made 20k or 50k. It must be higher and higher. So don't eat for him.

DapanasFruit

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Usually, those who hold for the long-term will be the winners, as proven in the past. However, we are dealing with realities of life here so there can be a time when we really need the money, and so we can be tempted to sell our coins. It happened to me years ago and I can still remember that mistake I made, but then again, that was a sacrifice I made for a purpose. I would not rather go with the idea that I would rather go hungry than sell my Bitcoin...actually there is no need to go hungry when you have Bitcoin because you can use it as a collateral to have a loan or just borrow something out of your Bitcoin and we already have those platforms dealing with this.

Slow death

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Quote from: kidbounty on July 17, 2021, 09:38:01 AM

prefer to starve just to hold Bitcoin. this is the dumbest choice i have ever heard. Humans can die of starvation. So forget about investing, one needs to eat to survive. There will always be second chances, as long as you are alive and you can buy bitcoin again next time.

when I read this thread I thought:

it must be some kind of joke, i mean no one in this world in their sane would prefer to starve while they have money, in this case while they have bitcoin

I even asked the OP what if he dies? what was the advantage of holding something that doesn't benefit him when he needs it most? I hope it changes this way of looking at bitcoin investments

iTradeChips

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If you are going to think about it, the market can definitely go lower very quick if the pump happen so quickly also. I think it is very better for all of us to find other things to do in life rather than boast here that you can go hungry than cash out your bitcoins. Common sense dictates that if you are hungry, you find something to eat. If you don't have the fund to buy something to eat then you find ways to earn money. If you hungry then you might die if you don't use your head, no?

KevinRosa

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Quote from: stompix on July 13, 2021, 11:03:56 AM

Quote from: dbc23 on July 13, 2021, 10:57:08 AM

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.

Wait till you hear that one of those consequences is a form of cancer so you will need to sell your bits bitcoins at 1million/piece to get some 5-10 years more to live. Everyone is a hero when there is no real danger around.

I feel that the author’s question is so boring.

If you are a believer or long-term holder of Bitcoin, I believe you have gained a certain amount of wealth and will not be hungry.

As you said, I will find a job and make some money. Buy a pizza. Doesn't the pizza taste good?

If you invest in Bitcoin, it is important to maintain a good attitude, just like stocks. In this investment circle, it is a zero-sum game. If you have an investment mentality, you may really be hungry.

Luqman

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Quote from: oemar bakrie on July 17, 2021, 09:36:46 PM

if for myself during the need for my family in particular I will risk some assets for family needs if it is urgent but try not to eliminate all assets owned..

It is a wise decision. For urgent needs, selling some of our assets is the right option. What for the assets if they cannot help us when we are hungry? Crypto assets are not only for investment but also functions as reserve money. So, when there is an urgent need, we can convert the asset to fiats. In this way, our crypto assets can be more useful.

markdario112616

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In that state of mind, I mean yes I'd agree with Holding off your Bitcoin thing. But knowing the risks of holding without making sure one's health, I think it's a dumb decision after all. Well, we are in this shit pandemic and health should be our Top priority.

Quote from: oemar bakrie on July 17, 2021, 09:36:46 PM

It's a very complicated decision for me.because not all problems occur with equality, if for myself during the need for my family in particular I will risk some assets for family needs if it is urgent but try not to eliminate all assets owned..

Why would it be that complicated? Tbh, I don't understand when someone doesn't like to use their savings or any form of assets they have when there's a threat to life or there's a life and death situation. Isn't that Life as much more valuable than these? It's absurd to think that when someone died because he/she didn't want to use up some or all of its assets to help his/herself to survive in the first place.

Without the owner of the assets, it's floating money that no one can use. With that as well, you can't bring your money to your grave nor use it in the afterlife (whether there is).

oemar bakrie

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It's a very complicated decision for me.because not all problems occur with equality, if for myself during the need for my family in particular I will risk some assets for family needs if it is urgent but try not to eliminate all assets owned..

carrigan

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Are you sure doing this?
How if you are sick because of that hungry?
Do you use the money for eating to buy than Bitcoin?
Investing in Bitcoin is actually a good idea and plan, but will you really risk yourself that high?
Don't you have other incomes for your life?
Be wise to your own health, because money means nothing if you are sick and died.

If you don't want to sell your Bitcoin, don't need also to keep your starvation or hungry. Move and get money from other income. Eating will not spend of all your money, it is just for several cents to keep you alive and make others for trading again to get profits.

rikybrosh

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I think it will be good if you enjoy life more too mate. Bitcoin is important but it is not the most important thing. Starvation will be bad for your health and you may spend more money for medical care. Everyone has different personality, but for me looking for better strategy is better than push my self through hard situation. I don't invest all of my investment fund to bitcoin only but I also invest in something else which can give me other income.

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