Topic: Reasons why I might consider selling my Bitcoin. (Read 832 times)

That is the reason why we are doing investment in the first place in order to solve the future problem. Health issues still remain the top priority that will warrant me selling some portion of my Bitcoin regardless. Other issues might seems minor to me and I will look for another alternative to get those issues solved.

Your list is good and I will say there are endless reasons or situations that will warrant you to sell your coin especially when it becomes your last resort for finance. I might consider selling if I need urgent finance and is the only one accessible by that time.

Any urgent happenings and once-in-a-lifetime opportunities will consider us to sell our bitcoins or possibly a part of them. Apart from these reasons, I have a goal to reach this 2025. I am hoping to profit a significant amount because I want to relocate once again and then travel from place to place. Of course, I need to have a stable income too, maybe an apartment will do. I learned a lot last 2018 when I mismanaged my assets, this time I want to enjoy life but at the same time, I will check my assets in bitcoin, crypto, and stocks daily.

I In summary, there are just two broad reasons that will make me sell my coins, first emergencies such as sickness and loss of a source of income, and better opportunities that will give me more financial backup to buy more bitcoin.        

Health Issues: Health is wealth, which means without health a man is not wealthy. If there is any sickness that needs money for me or any member of the family to seek medical help, I might decide to sell some of my bitcoin holding to cover the bills. It is only the living that can enjoy the benefit of any investment.

Loss of source of income:[/u] A loss of a job or business might force me to sell some of my holdings if I exhaust all my savings. I and my family needs to be alive to enjoy our investment, so we need food and other basic needs to survive. it will be painful but it will be better than begging or taking loans.

bitcoin is a valuable asset that we must maintain until we reach the target we are aiming for, but if we are attacked by such a thing, health problems and so on, of course we will be forced to sell it.

but if there really is an opportunity in the real world like there is a big business and so on I think selling bitcoins is the right choice.

Business opportunity: Many people in my country are migrating to developed to seek better employment opportunities. Many of them are cheaply selling their properties and businesses. If I have the opportunity to buy a cheap house or business, I might decide to sell some of my bitcoin because the profit from the business will help me to buy more bitcoin in the future. House rent is expensive in my country and it is really taking a large chunk of my income. If I own a house, my house rent can be used to buy more bitcoin.

Unfavorable government policies: If the government of my country decides to ban the holding or use of bitcoin, I might be forced to dispose of them. I will not want to be hiding from law enforcement agencies or risk being arrested. I don't wish this to happen but if it does, I will have to take that hard and painful decision.

What if you're saving is in your bitcoin ? what would you do ? you wait 'til pumped bitcoin ? or just sell 'cause your life is getting weak ? you still hold your bitcoin ? for me, my priority is my life because you can't sell your bitcoin if you died from getting weak. but in some cases you will lose your life if you just sell your bitcoin(got scared) because bitcoin is getting low. No wrong answer in this topic everyone have different life so don't comparing yourself to others and be careful or understand it before you do (think before you click)

I have been in this forum for some time now and becoming a bitcoin trader didn't interest me. I have been attracted to the idea of keeping my coins for a long time and selling it when it reaches my target. I have decided not to sell any of my coins until the bull run season no matter the pressure from any corner. But recently, I was just reasoning about my bitcoin holding because where a man's treasure is where his mind will be when a question dropped into my mind; What can make you sell your bitcoin? I thought about it and I came up with these few points.

Health Issues: Health is wealth, which means without health a man is not wealthy. If there is any sickness that needs money for me or any member of the family to seek medical help, I might decide to sell some of my bitcoin holding to cover the bills. It is only the living that can enjoy the benefit of any investment.

Loss of source of income: A loss of a job or business might force me to sell some of my holdings if I exhaust all my savings. I and my family needs to be alive to enjoy our investment, so we need food and other basic needs to survive. it will be painful but it will be better than begging or taking loans.    

Business opportunity: Many people in my country are migrating to developed to seek better employment opportunities. Many of them are cheaply selling their properties and businesses. If I have the opportunity to buy a cheap house or business, I might decide to sell some of my bitcoin because the profit from the business will help me to buy more bitcoin in the future. House rent is expensive in my country and it is really taking a large chunk of my income. If I own a house, my house rent can be used to buy more bitcoin.

Unfavorable government policies: If the government of my country decides to ban the holding or use of bitcoin, I might be forced to dispose of them. I will not want to be hiding from law enforcement agencies or risk being arrested. I don't wish this to happen but if it does, I will have to take that hard and painful decision.

Migration: My earnings only permit me to save a little amount that I use to invest in Bitcoin. If I have an opportunity to secure a higher-paying job in another country ad I have to finance the travel with part of my bitcoin holding, I might sell some. I higher paying job means more investment in bitcoin.

Higher Education or Skills: If there is an opening for promotion in my organization and it requires getting a higher degree or specialized skills, I might consider selling part of my holdings. This is because such a promotion or job bring higher financial reward which can enable me to buy more coins.

 In summary, there are just two broad reasons that will make me sell my coins, first emergencies such as sickness and loss of a source of income, and better opportunities that will give me more financial backup to buy more bitcoin.

        

Yes these are few of my own choices and timings when I would go sell everything that I have in bitcoin wallet. However, I do have contingency plans for those situation where I’m already holding enough savings, health insurances, hood CIBIL score which is making sure that I’m getting good amount of loans whenever I need and also repaying if I’m taking any. This is securing my real world presence and that’s what I need so that I won’t be selling my bitcoins for long period of time to come. In all of them health is always priority followed by any family emergency.

The rule of investing bitcoin on our spare money is only found in books, because in reality most of us here even take minimal loans just to start with bitcoin, and for me that’s still valid and reasonable as long as you also have your main income that will pay your loan.

I believe we should only invest amounts of Bitcoin that we would not need to liquidate in other to finance a real life need, more like spare money, which makes up only a small percentage of your total savings.
If you do this, you would not need to sell for health emergencies or any other financial requirement.

That's the textbook advice, but it's likely that many holders risk a little bit more than they can afford to lose with Bitcoin as their trust in it grows and when faced with a financial need, one might need to sell off.

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All the reasons you outlined are valid and would compel pretty much anyone to sell, but for me that would only be a percentage of my holdings, I plan to always hold some amount of Bitcoin for years to come and never fully "cash out".

Saving should be prioritized and more important than investment because life is full of surprises, and investments are not always profitable. But there will also be cases where the amount saved is not enough and if the emergency involves one's health or life then we should not hesitate to sell our bitcoins.

Despite being a Bitcoin-holding advocate I have my reservations about what I can hold my bitcoin against and to be more stable in your finances, you should make available emergency funds so that you can fall back on it when things are not right.

But then if such reserves are not available, your asset becomes the next saving grace in some situations e.g health challenges since Bitcoin can be liquidated at any time BTC might become a saving grace.