Topic: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 - page 5. (Read 1693 times)

Most of us had coins in our wallet when BTC hit $20,000 on December 2017. I sold some of my coins around $15K, but refrained from converting anymore to fiat when the prices rose further. I was hoping to sell some more at $25K and unfortunately that target was never realized. Then the prices went down too quickly and the exchange rate was down to around 8K in 3-4 months. I had to sell some of my coins at this level, as some unexpected expenses had to be taken care of. It may not be possible to wait for 2-3 years for all the users. Some of them may be having financial issues and they might be forced to sell their coins early.

Most of us had coins in our wallet when BTC hit $20,000 on December 2017. I sold some of my coins around $15K, but refrained from converting anymore to fiat when the prices rose further. I was hoping to sell some more at $25K and unfortunately that target was never realized. Then the prices went down too quickly and the exchange rate was down to around 8K in 3-4 months. I had to sell some of my coins at this level, as some unexpected expenses had to be taken care of. It may not be possible to wait for 2-3 years for all the users. Some of them may be having financial issues and they might be forced to sell their coins early.

I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it.

I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it.

No, it was 100% right decision for you. I can understand your pain since I am also working on abroad. Family is everything for us and we should take care about them. You took decision based on your family problem. Price doesn't matter on that situation. But it would be more better if you were tried to buy bitcoin again slowly based on your affordability. So that you might gain at least few more money. That's why when you have ability to buy just buy it if you could hold, but if its question about your family then we could not wait for bump. It would harmful for us.

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation.

I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it.

I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation.

The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable.  

I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it.  

Have you ever sold your BTC at low rate and it later bumped and you were regretting...?

Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely.

I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation.

The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable.  

I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it.  

Have you ever sold your BTC at low rate and it later bumped and you were regretting...?

Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely.

You should sell when market at bullrun not otherwise lol

Did I make the wrong or right decision?