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.
Topic: Reasons why I might consider selling my Bitcoin. - page 3. (Read 848 times)
A man earn money only for living a healthy life and if you cannot spend money for yourself then your earning is just waste of time. First of all you should have some amount of money to be saved for emergency uses and if unfortunately you don't have any such amount then selling bitcoin is better option because health is everything.
Selling of bitcoin will not minimize your profit but it will increase it but if you avoid selling at lower price. You can also do one thing that if you make investment in Bitcoin and after some time you have profit from it then surely sell some part of bitcoin and remaining money will persist as investment so if a time come when you need it for emergency then you will have obtain benefit from it now its your extra income you can use it for emergency purposes.
Selling of bitcoin will not minimize your profit but it will increase it but if you avoid selling at lower price. You can also do one thing that if you make investment in Bitcoin and after some time you have profit from it then surely sell some part of bitcoin and remaining money will persist as investment so if a time come when you need it for emergency then you will have obtain benefit from it now its your extra income you can use it for emergency purposes.
well , that ur decision , no wrong with that. but, everything u choose have any consequence , for example now, probably u will lose chance for price up anytime soon, well the good news, probably u have a good chance if price dropped soon , since many speculate still talking about interest raising next quartal.
I tend to have some "killswitches" cases and health related things that may happen in this case me and a trusted one can be in charge of passing on the bitcoin forward, so it won't stay in Limbo, anyway hope it hits $1 million first 
It always makes sense to hold bitcoin as your long term investment priority if you have other assets to sell as first option.
I could sell my bitcoins for few obvious reasons, but I won't make selling bitcoin a top priority as long as I have other options and an emergency fund.
You must have reserve fund so you can use it when it's urgent. This should be considered by every investor regardless of the assets they own, but some of them may very well have ignored it. Until now bitcoin is not my only investment asset, while I also have a reserve fund for urgent needs at any time.
Yes, I also used bitcoins for obvious reasons and because I had to keep using them, and I used them because at that time I had to pay for them using bitcoins and there was no other choice.I could sell my bitcoins for few obvious reasons, but I won't make selling bitcoin a top priority as long as I have other options and an emergency fund.
You must have reserve fund so you can use it when it's urgent. This should be considered by every investor regardless of the assets they own, but some of them may very well have ignored it. Until now bitcoin is not my only investment asset, while I also have a reserve fund for urgent needs at any time.
and the good thing about investing in bitcoin for the long term is that you have to have savings, these savings serve as a reserve fund when we need them without having to use bitcoins and this is a great way. But if there really is no other choice and you only have bitcoin assets, it doesn't matter if you really need it because the purpose of bitcoin besides its many benefits, bitcoin can also help us in any problem, especially in finance.
It always makes sense to hold bitcoin as your long term investment priority if you have other assets to sell as first option.
I could sell my bitcoins for few obvious reasons, but I won't make selling bitcoin a top priority as long as I have other options and an emergency fund.
You must have reserve fund so you can use it when it's urgent. This should be considered by every investor regardless of the assets they own, but some of them may very well have ignored it. Until now bitcoin is not my only investment asset, while I also have a reserve fund for urgent needs at any time.
I could sell my bitcoins for few obvious reasons, but I won't make selling bitcoin a top priority as long as I have other options and an emergency fund.
You must have reserve fund so you can use it when it's urgent. This should be considered by every investor regardless of the assets they own, but some of them may very well have ignored it. Until now bitcoin is not my only investment asset, while I also have a reserve fund for urgent needs at any time.
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.
If your government ever bans bitcoin completely, it will mean it wants to ban privacy.
If such thing happened in my country I'd be really worried that the government is turning into another China or North Korea, where they can take your property at any moment and you can be put in jail for not agreeing with them, the way people in Russia were being arrested for holding a Ukrainian flag or saying "no to war" in public.
Would you really prefer to sell your bitcoin and live in that country or move somewhere else and escape oppression?
Perhaps, these are very reasonable OP. And this will implies that Bitcoin is not for forever holding, there is a time that will come when we need to let them go (sell). It was said that there is no specific time when to sell, exactly. Sometimes we look for another option to get money and keep Bitcoin but also, sometimes it happens that we can't find any aside from selling them. I won't say it is not the right time but we also have thought that Bitcoin is just like our savings, we use them when necessary.
it's important to have a clear plan in place for your Bitcoin investments, including both long-term goals and potential exit strategies.
This will help you to stay focused and make informed decisions, even in the face of unexpected challenges or opportunities.
This will help you to stay focused and make informed decisions, even in the face of unexpected challenges or opportunities.
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.
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.
These reasons are fare for me too.But I also separating my coins in two section. Have them called "For retirement" and "bad days" on Ownr wallet
Why will you still be holding your bitcoin when you are in need money and you don't have another source, the bitcoin you are holding is also money and you can't be dieing and you need money to treat yourself but you are having bitcoin in your wallet and you don't want to touch it, am sure there are some other problems some people will be having which they won't just have choice than to sell there bitcoin, nobody is saying we shouldn't sell our bitcoin if we are greatly in need of money and we don't have any other choice.
Maybe he's trying to point out that no matter how you planned to hold something, you will be sometimes having reason to break the plan if circumstances would push you to do so. This is a reality in any field of investment not only in cryptocurrency industry. Which is somehow related to the phrase "invest an amount you can afford to lose", because there is no assurance of things. If you are too dependent on the amount you have invested, things won',t end up well in a long run. Problem is; many people are relying their fate with their investment such as it is their gateway of becoming financially stable. That is indeed the goal of investment which is to generate profit but to make it as your sole dependence when it comes to income and profit, is what creating conflict. 
Why will you still be holding your bitcoin when you are in need money and you don't have another source, the bitcoin you are holding is also money and you can't be dieing and you need money to treat yourself but you are having bitcoin in your wallet and you don't want to touch it, am sure there are some other problems some people will be having which they won't just have choice than to sell there bitcoin, nobody is saying we shouldn't sell our bitcoin if we are greatly in need of money and we don't have any other choice.
One point you made is where I am confused if, its actually virtue or its you just stating the possibility but, it is;
I would hate to see a government coming back to cover correct some mistakes in the future after making someone lose an investment that could have been for a lifetime of fortune.
@Smartvirus I’d like to make a correction here so newbies don’t misunderstand. I think sometimes we forget bitcoin isn’t anonymous and can be traced back to you if you’re not careful. That’s why mixers are appealing to majority of bitcoin holders. It’s a big risk to have bitcoins if you live in a county that is anti bitcoin and has an active ban on bitcoin. You could face jail time if caught, that’s too much of a risk in my opinion. Unfavorable government policies:[/u] 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.
When you say should government ban bitcoin, this implies that the ban is already in place and transacting after that would be committing the crime you hope not to (being in possession or trading bitcoin). Its anonymous and comes with lost of privacy, exchanges has a privacy term to consider and I don't think you've committed any crime by owning what hurts no one. Especially when, you didn't earn them by some scam. I might as well take the risk, hope they never find out or in a way, it would aide to hold even more better. I would hate to see a government coming back to cover correct some mistakes in the future after making someone lose an investment that could have been for a lifetime of fortune.
Nothing weak me the more than that of illness and starvation, no matter what amount of bitcoin volume I am holding I must make sure no one stays without food before going to bed. Reason being that whenever one has a good food nutrients there's always a very slim chance for them to fell sick and for that I don't always try to skip any meal.
This is the most factor that affects me the more something I free up some of my holdings just as you said "Health is wealth" and to have a good health you must have a good food nutritions.
This is the most factor that affects me the more something I free up some of my holdings just as you said "Health is wealth" and to have a good health you must have a good food nutritions.
that's the important thing for me also. because if you are sick, all the money in the world doesn't matter anymore. you may have your riches but if you're sick and it is not curable, what will you do with your money? so yeah, better take care of yourself while you can. you can always find that money if you are still able to work.
and the other one is food, better sell your satoshis if you don't have food on your table anymore. don't deprive yourself and let yourself suffer the hunger. just sell it because you can always find that satoshis if you are in better health and mind condition.
Nothing weak me the more than that of illness and starvation, no matter what amount of bitcoin volume I am holding I must make sure no one stays without food before going to bed. Reason being that whenever one has a good food nutrients there's always a very slim chance for them to fell sick and for that I don't always try to skip any meal.
This is the most factor that affects me the more something I free up some of my holdings just as you said "Health is wealth" and to have a good health you must have a good food nutritions.
This is the most factor that affects me the more something I free up some of my holdings just as you said "Health is wealth" and to have a good health you must have a good food nutritions.
Although many of us would like to hold onto our bitcoin investment for a very long time, life circumstances prevent it from happening.
In short, make sure you reserve a bit of money in either fiat currency or stable coin to use in emergency. Because it is for emergency, fiat currency is better. Risk of de-peg from stable coin is another risk factor why you should choose fiat currency.
A simple calculation, you will have to sell your bitcoin at /3 price. Rather than selling a fraction of bitcoin with initial capital at $1000, you will have to sell three-fold of that amount just to get $1,000. Is it a good way to invest and hold your bitcoins? NO
The easiest method to deal with not selling your bitcoin because of unforeseen circumstances is as tranthidung advised. You should in case have fiat currency saved for emergencies. so that you won't be forced to sell your bitcoin at a loss due to unforeseen circumstances in your life. when in reality, you are not yet prepared to sell. A simple calculation, you will have to sell your bitcoin at /3 price. Rather than selling a fraction of bitcoin with initial capital at $1000, you will have to sell three-fold of that amount just to get $1,000. Is it a good way to invest and hold your bitcoins? NO
I believe the sole aim of every investment is to meet up the needs of the investor. While we stick to hodling on a long term goal, at the same time we are hodling so our investment can help solve major challenges in the future.
That been said, for whatever reason a bitcoin investor is willing to sell their coin for as long as it has meet the pressing need of that moment it has served its purpose. The next target will be to buy more when new capital comes in. As long as the volatility still troubles the market there will always be newer opportunities to buy
That been said, for whatever reason a bitcoin investor is willing to sell their coin for as long as it has meet the pressing need of that moment it has served its purpose. The next target will be to buy more when new capital comes in. As long as the volatility still troubles the market there will always be newer opportunities to buy
Almost every cryptocurrency hodler have similar thought. On execution atleast 50% of them were unable to follow it. Even for manageable finance requirement people easily cashout bitcoin and use it thinking in mind we can buy it soon. The buying won't happen as planned and this affects the investment, but while considering the good about the usage it helps with the circulation.
Whenever there is need for money I prefer to cashout and spend without thinking of borrowing or a second choice, because I live with a mind that we should not die with debt. We don't know what happens by the next minute, so it is always good to live with what we have than keeping things secure for long term and when there is need for money we might've left the world.
Whenever there is need for money I prefer to cashout and spend without thinking of borrowing or a second choice, because I live with a mind that we should not die with debt. We don't know what happens by the next minute, so it is always good to live with what we have than keeping things secure for long term and when there is need for money we might've left the world.
All valid points, and most of them are reasons why i have sold my bitcoins. We have free healthcare but especially loss of source of income has been good enough reason for me to sell some.
It stings a bit to sell some but as there were really no other options i sold some. And instead of feeling bad, i considered myself lucky and blessed that i had something to sell and keep the roof over my head and i could still have enough money to buy clothes and eat healthy. Some people could say i would be rich if i didn't sell, but also i might be just a worst dad ever not providing my kids when times were not that good and i actually had something to give from.
It stings a bit to sell some but as there were really no other options i sold some. And instead of feeling bad, i considered myself lucky and blessed that i had something to sell and keep the roof over my head and i could still have enough money to buy clothes and eat healthy. Some people could say i would be rich if i didn't sell, but also i might be just a worst dad ever not providing my kids when times were not that good and i actually had something to give from.
-cut-
I'm not sure something like that could happen, and even if it happened, I don't see a reason to sell Bitcoin, because you can still store, buy, sell without getting noticed by the governments. Some countries have already banned Bitcoin, like China, Morocco, and Egypt. However, a good portion of the citizens of these countries are still using Bitcoin. What makes me worry about this situation is that if you lose your coins in a theft process in your country, you can't file a claim to restore it.
-cut-
But can you use btc in china? They have highly effective surveillance system in everywhere and social credit system keeping citizens obeying. It would be highly risky to use bitcoin in there especially when you know how harsh the punishments are. I'm not sure something like that could happen, and even if it happened, I don't see a reason to sell Bitcoin, because you can still store, buy, sell without getting noticed by the governments. Some countries have already banned Bitcoin, like China, Morocco, and Egypt. However, a good portion of the citizens of these countries are still using Bitcoin. What makes me worry about this situation is that if you lose your coins in a theft process in your country, you can't file a claim to restore it.
-cut-
You can't force yourself to not sell your assets if the situation around you calls the action to sell your assets or something urgent happens to you. It's okay to sell your assets, because you can just pretty much buy it again once you have the funds to afford. It's your assets, so it's pretty much free for you to do anything with your assets as long as you know what would happened and responsible with the action you have done.
You are right, in urgent state I think anyone would consider selling their assets including bitcoin. Financial problems, health, urgent needs or whatever the most likely reason, then I think they should sell it. But it's good to hold bitcoin if they have other options to sell, this is because bitcoins have more potential to provide good returns than other assets like gold or other investments in the long term.Jump to: