Topic: Lots money invested on cryptocurrency, should I sell for liquidity? - page 4. (Read 625 times)
May 25, 2018, 06:58:54 PM
This is the reason why not to invest all your money and its not also good to depend on this. People should realize the importance of having an emergency fund because it can save your investment and possible future profit.
May 25, 2018, 06:48:08 PM
At this situation, What you will do?
If it is not an emergency related to health or something that you cannot solve without money, then I would sell some of my coins for liquidity(coins that will give me enough money to solve the problem at hand) and leave some of my portfolio untouched. I also advise that you don't take a loan if you can solve your problem using your current stash. Taking a loan from others isn't always a good option as it might bring you problems afterward. May 25, 2018, 06:21:06 PM
There is always the ballsy option of using your crypto as collateral. Would have to weigh up the risks of the market dropping and getting liquidated, but does mean you could keep your investments alive, and possibly even pay back less than you borrowed against. Only for the strong of heart though, I'd be tempted, but probably decide against it in the end.
May 25, 2018, 02:08:41 PM
If it is emergency then what you waiting for? You should be dumbing your coins right away and get whatever fiat you are getting at this time. The emergency is what for we are earning the money. Otherwise we can live happy life without money, we get free food from the nature, shelter from the rocks and air from the surround. What else you need anyway to live happily?
In todays world money has more importance but its upto you when to give it that much. Emergency is something related to health, debts, etc and they should be cleared up first to live further. So no point in holding.
In todays world money has more importance but its upto you when to give it that much. Emergency is something related to health, debts, etc and they should be cleared up first to live further. So no point in holding.
May 25, 2018, 01:56:10 PM
If you don't have any choose just like what you have mentioned, if its for emergency then we can't do anything to avoid it, crypto is to risky that's why its better to invest your spare money and not to invest everything at all, so in times like this you still have good alternatives instead of facing the loses and the hardship of accepting that amount of loses,its need to assess everything first before placing your money, the acceptance factors always hunts us after we experience mistakes and loses.
May 25, 2018, 01:47:20 PM
It is a big risk to invest all your money in crypto, because if emergency arise just as you said we wil be left with no option than to sell your investment. Because you work to earn money to solve you problem when the needs arise.
May 25, 2018, 01:41:22 PM
I usually cashout if I am found in such dilemma. To take a loan will attract interest and if the cryptocurrency I am holding also reduces in price for a long time ,I make double loss. The best is to sell part of your holding to settle emergency
May 25, 2018, 01:10:11 PM
Well, it’s always advisable to never invest all your saving in any market. You some keep some of your money or at least invest them in some very liquid assets so that you can meet some emergency situations. That is why it is said to diversify your assets and this must also be done on the basis of liquidity. Now you can do is sell your crypto is your investments are in profits but if you don’t want to lose future profits then you may take loan from you relatives, friends or banks
May 24, 2018, 02:41:38 AM
We invest and save for emergency purposes only. If its emergency related to health then there is no other option then to cash it out.
If you can arrange and take loan then its better as crypto will give good future outcome.
Rest all depend on your gut feelings.
If you can arrange and take loan then its better as crypto will give good future outcome.
Rest all depend on your gut feelings.
May 24, 2018, 02:38:48 AM
If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial, and see what we gonna do~
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