I rather stay hungry than sell my Bitcoin - page 9.

7788bitcoin

legendary

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Quote from: xSkylarx on July 16, 2021, 11:17:41 AM

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But if that is really what he meant then you are right imagine thats the only money you have , you dont have work or any other source of income then that would likely to happen to you. But i am just asking when is that the good time to sell for you self? because for me is anytime as long as i need it like i need money now so i sell it now although it would go higher later on.

After the pandemic majority are in a position that they need to sell off their coins to sustain and then there are many that planned on investing knowing that the halving is approaching and many missed the opportunity because many lost their jobs and some are waiting to get their salary credited on time and if you have taken any home loans or any form of loans then you are stuck and i will not think twice in booking my profit and taking care if i am in a situation like that.

sapnu

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

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.

You have all the freedom to do whatever you want with your bitcoin but I don't think it is ideal to compromise your health just because you don't want to sell and lose the opportunity of selling at high. If that's the case, if you'll end up investing all you have in bitcoin, then you made a wrong decision. You should always invest what you can afford to lose. Remember that investments in bitcoin is a very risky thing to do considering its volatility. Nevertheless, you should spare some of your holdings if you don't have anything left to suffice your daily needs. You can still be successful with your investments without sacrificing yourself.

xSkylarx

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Quote from: Dhoe on July 16, 2021, 09:22:40 AM

Quote from: Sanitough on July 16, 2021, 09:00:45 AM

LMAO, there has been a saying that only invest what you can afford, so your principle is wrong to stay hungry because you might die and you will not benefit from your holdings, that's so stupid. Bitcoin is just money, you can live without it, what's important is your help but my point here is don't invest the money that you can't afford to lose, it's always a recipe for disaster.

It's true what you said bro, we are not stupid, don't sacrifice yourself to defend bitcoin, because without bitcoin we can live, but if we are hungry for 3 days we will die, so why hold bitcoin if our stomach is hungry, if we have savings it's okay we keep our bitcoins, but if we have no other savings, we have to sell some of our bitcoins, to cover our stomachs.

Well you are right but i think that is not what he meant, he just want to say that he will hold his bitcoin no matter what unlike to us we are tempted to sell it if the price is high or we think that the price is high enough. But if that is really what he meant then you are right imagine thats the only money you have , you dont have work or any other source of income then that would likely to happen to you. But i am just asking when is that the good time to sell for you self? because for me is anytime as long as i need it like i need money now so i sell it now although it would go higher later on.

randegibran

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do you no longer have anything so you have to sell bitcoins to survive, if indeed it is a compulsion then we have a heavy heart also have to do this for the sake of our survival, if indeed it is not at all needed then we also have to think take a moment to reflect and take the right steps so that we don't regret it after we release it on the stock market, because if we have a careless attitude then we can be on the verge of collapse.

Questat

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This is a sign of greediness, you don't realize that you can't enjoy your money if you are not healthy.

You are willing to starve yourself just to hold, it's a stupid idea, yes the bull run might come but there's no guarantee when it will come, so probably you'll be dead that time too, look, be realistic man, don't be possessed with material things, know what's the basic or the most important thing in life and that is our health, without good health, we will never be happy even if we have a lot of money.

Remember Steven Jobs, he is successful but what did he say when he was ill?

Dhoe

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Quote from: Sanitough on July 16, 2021, 09:00:45 AM

LMAO, there has been a saying that only invest what you can afford, so your principle is wrong to stay hungry because you might die and you will not benefit from your holdings, that's so stupid. Bitcoin is just money, you can live without it, what's important is your help but my point here is don't invest the money that you can't afford to lose, it's always a recipe for disaster.

It's true what you said bro, we are not stupid, don't sacrifice yourself to defend bitcoin, because without bitcoin we can live, but if we are hungry for 3 days we will die, so why hold bitcoin if our stomach is hungry, if we have savings it's okay we keep our bitcoins, but if we have no other savings, we have to sell some of our bitcoins, to cover our stomachs.

acener

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Maybe if I don't have a family of my own I could do it,
But I don't want my child to starve because of my selfishness and for what?
It doesn't even guarantee that it would go up the next day or so.
Why would you even need to starve in order to hold?
Only invest what you can, Don't overdo it and we are all investing to provide money or to gain profit so there's no point on it?

Sanitough

hero member

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LMAO, there has been a saying that only invest what you can afford, so your principle is wrong to stay hungry because you might die and you will not benefit from your holdings, that's so stupid. Bitcoin is just money, you can live without it, what's important is your help but my point here is don't invest the money that you can't afford to lose, it's always a recipe for disaster.

batako

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

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.

The best idea is to invest money that we will not use for a long time. While we have other income to cover even urgent daily needs. That way, we will be able to remain calm in every event. We will be able to maintain the investment plan in such a way.

CryptoStar19

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Don't skip eating to save more bitcoin! However your general sentiment is a valid one: i have heard of so many folks becoming more financially conscience and developing better saving habits as they start DCAing into bitcoin.

Leviathan.007

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I agree that bitcoin is very much profitable in the long and mid-term and you can get amazing profit on it. But, regardless if we are talking about bitcoin, stocks, gold, or anything else. I would not invest the money I need or I will need in the near future because even if you will definitely need the money for eating and paying the rents and taxes, now if you don't have the money for this stuff you can not continue the living or you will have very much unhealthy and stressful living. I always suggest my friends invest the money you don't need.

imstillthebest

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Quote from: Wawa2013 on July 15, 2021, 03:56:59 PM

Quote from: imstillthebest on July 15, 2021, 02:52:54 PM

Quote from: Renampun on July 15, 2021, 01:19:50 PM

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

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I don't know if you're saying this from the heart but I won't dare to hold my Bitcoin while my stomach is hungry...

people work hard to fill their stomachs to stay full, many even pick up leftovers food just to fill their stomachs. I am also a BTC holder but when I have to be forced to exchange it to fiat then I will do that.

maybe he have other sources to get money and to buy a food? but he only dont want to use his btc no matter what .
well that was his decision but for us we dont mind spending some btc to full fill our needs and no need to find money somewhere else because btc is also a money and its available on hand. btc fluctuates and the price could come down for us to buy again.

After all, buying food is a basic human need, without food humans can die. It is better to sell the Bitcoins that we have if we are hungry, unless we
have other sources of income to buy food, not selling the Bitcoins we have it's fine. Because for me buying food is an important thing that must be
fulfilled, if I really had to sell my Bitcoins to buy food, I will do it. I always buy Bitcoin with extra money, meaning that after all my needs are met,
and it turns out that there is still money left, then I will buy Bitcoin.

this is a good example that all of us will do because investing is risky and there could be no assurance that our expectations will met but buying the things that are more important is guaranteed to make our life a little better .
if we are hungry we cant also think properly and it can lead to poor spending of btc or worst we can get sick .

Questat

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Well, that is your choice but the question is how committed you are? if the price of Bitcoin will surge at $100k, are you still to hold them or to sell? A little bit surprised about the statement and really doubt this. I mean, I can't believe that someone is willing to sacrifice themselves just for the sake of money.

At first, where are you OP when the market is just about to start when it was just valued at $1, $50, $5k? If you invest during that time, I was to believe that you are already a billionaire this time. But something just you miss the trend and that you do now is just like to punish yourselves. I hope you will be fine and to survive.

ninkdwi

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how to do that i think you are too naive enough greedy

actually you forgot the important point here for what we invest in Bitcoin?
of course the answer is to make our life secure in the future. although like that it is true Bitcoin is one of the most important in investment but if you forget about your health in the way you say with hunger I think you are too greedy and quite naive.
how do you want to prosper your life in the future if you are in the present whether you will be able to if there is hunger will be able to get to the future and if you are sick you will not help you.
try to be a little rational brother because it is indeed good if for example we invest here but try to use your rationale

lucifur

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Designing for everyone

I think that by this it just meant that you are managing finances poorly. You can't put all your eggs in one basket. You should have a separate money for your everyday financial needs and you should have a separate budget for your investments. In that way, you wan keep your investment without touching it even if you decide to keep it for a year or more.

Bitstar_coin

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There is nothing wrong in selling at the right time, saying that you rather go hungry than selling your coins is a bit extreme to me, i agree that selling under the circumstances is not advisable because that will be selling off your coins for pennies, however, it won't be nice if you will deliberately starve yourself even when the right time to sell is in front of you just to hold onto your coins, I don't think Sir satoshi will be happy with you either on that decision my friend Cheesy

awik p

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Pepemo.vip

Quote from: bitterguy28 on July 15, 2021, 10:09:24 PM

Quote from: NicNacCoin on July 15, 2021, 06:39:08 PM

You are not a wise man because none can lives without clothes and food even medicine. But you staying hungry but not sell your bitcoin. I can't support you guys, you should invest several times coins and trading according your investment . You can easily handle your lives and lifestyle.

Exactly , What is the sense of your investment if you will die in starvation ?

that was not practical after all , Remember that all of our doings here is for our future and not for us to keep the funds while our family is being starved because of your stupidity .

investing is like saving, but by investing we will get several benefits including the value of our assets will continue to grow, it is different if we save in a bank, where our money will remain the same. but if we force to invest, while the necessities of life are not fulfilled, I don't think it's a wise decision, it's better to invest according to our ability to set aside money

YOSHIE

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

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 you did that in 2019, only two years of waiting, maybe you are now a billionaire with the Bitcoin assets you saved at that time.

I'm not sure about the current state of the market, it makes me a little dizzy to make long-term investments in Bitcoin, If I certainly don't maintain it, it's useless I buy $35,000/btc and it becomes $30,000/btc, I'd be crazy if that happened.

In my experience, for now I don't want to take long-term risks, instead make short-term trades, buy, monitor, sell, and so on, until the Bitcoin price is really stable to buy long term, that's my idea for me personally.

You certainly have the right to determine your assets, what you do is the best for yourself, that's for sure.

NeverSop

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HODL

In the immediate future, I see you as a person who does not value himself, you are greedy for material things more than your own body and health. You may succeed with mining your BTC funds and succeed afterwards, but you will lose everything! Health is most important, mate! It is such a bad idea to destroy yourself!

bitterguy28

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Quote from: NicNacCoin on July 15, 2021, 06:39:08 PM

You are not a wise man because none can lives without clothes and food even medicine. But you staying hungry but not sell your bitcoin. I can't support you guys, you should invest several times coins and trading according your investment . You can easily handle your lives and lifestyle.

Exactly , What is the sense of your investment if you will die in starvation ?

that was not practical after all , Remember that all of our doings here is for our future and not for us to keep the funds while our family is being starved because of your stupidity .

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