Topic: Sell now at 9.5K or use emergency cash? (Read 4241 times)

Indeed, what I think right now is better money but more promising investments like Bitcoin is now down to 8k is this good to start investing I'm sure in the next 1 month we will reach the target.

This is one of the best decision that you made buddy ,all the advices we’ve given worth the wait and you used the fiat instead of Bitcoin

While we are pushing you to keep holding the crypto you are having some burden making the right thing so what we hope now is the value increased sooner so you may cover the financial deficits you are having now

Also good to hear that the car installed larger piston rings and running smoothly now

glad to hear you were able to find cash and didn't touch your investment , welcome to the HODLers Internaltional!  ...back I guess 
I'm sure you made the right choice and won't regret not selling at 9.5k , even with the market seems to be shaky at the moment
in the long term , we we all look back at the 10k figure and wished we bought some more ( thats when bitcoin is worth 100.000$+ )

Just wanted to report that I used FIAT at hand we made installments on the kids' books and insurance and things like that. The car has been doing good and it runs smoother.
They installed larger pistons and rings, and they are made from stronger steel, not your standard pistons
I am hoping to be able to use more power now, and I get to keep my bitcoin.
We ran out of money though, but I am trying to supplement it.

Look bitcoin might be the greatest invention since sliced bread but if you need money then you need money. Never put too much pressure on your expenses with credit cards and loans and what not. This doesn't feel like a thing you should use your emergency cash for, emergency cash should always be put aside for health related stuff, I always do that, if your car broke down then you can take a bus to work at the very worst option however if your liver brakes down then you don't have an option to pick from and have to do something about it. Hence, emergency should always be for health related stuff.

I would say cash out whatever bitcoin and ethereum you need, whatever crypto you have cash them out, not all of it, just the amount you need for these things (if you need all then cash out all) then when your kids have the stuff they need and your car is brand new or you bought your friends car whatever you can start from zero and start getting more bitcoin afterwards when your economy is stable.

I think i will use emergency money, why, because it is purpose of it. I think for investment, should use money that we already spare it to another things include that emergency money. And then we will still feel confident to hold without think that we should sell our investment if not reach our target yet. That is what i do, and i can hold my bitcoin without anything that can disturb it because already spare my money.

you have a serious problem mate so it's up to you because infact you really need some urgent cash and it's  your money so use it.  Lol . But btw mate i suggest don't dump all your btc because you know if you do that you will pay another fee again when you buy btc. So just dump what amount you need and keep the rest.

don't sell now or at 11.000 as some suggest
unless you are totally out of money , do not touch your investment until it hits the price target you have in mind
we are in the beginning of a potentially huge bull run and you would not want to sell short and regret after
while I don't think we hit ATH of 2017 , but can get very close to 12.000$ levels if not higher
if you want to sell , at least wait for a couple more months , the end of the year , historically is a much better time to sell

I guess selling some bitcoin will not affect your investment. Come to think of it. This problems you said are the reason why we invest in bitcoin. It is to help our life become more comfortable by earning through it. If the income will go to important things then its worth it.

There are lot news for another dump in days but I am considering the launch of Bakkt in couple of week to pump the price as it has pumped in recent days, though the resistance might still be around the 11k before it slides again. selling decision should be out of personal view not with such suggestion.

This is a great question! Honestly I am not sure what I would do... on one hand we all know that as soon as you sell it for a need, the price will rise... and on the other hand it just doesn't seem correct to cross the line and use emergency cash expecting that one day BTC will finnaly reach a new all time high...
what if it takes much longer than everyone thinks?
I guess I would end up selling some BTC, nevertheless you should double check the trust on your mechanic

If you did wait for a couple of days then surely you have another $1k in your pocket selling it today as Bitcoin goes up to $10,600

Any update if you already sell out the coin?or still waiting for some growth to happen?

If you happen to read the topic ,you’ll find that this is for emergency and OP has a limited option to choose from selling or holdings

If you have an emergency cash it is better you should used it as I cannot trade bitcoin for anything now except health! Car or whatever is not good enough to be compared to the benefit one will drive from hold. Why should you sell your bitcoin for fun or repair your car were as you can hold the same bitcoin and buy a new car in some few months to come.

I didn’t know what the future of other coins are, but for BTC, I can say that I am confidence on the future of bitcoin, and I am so sure that come next year, bitcoin will reach  its new peak before the halving, so it is still worth waiting for if we are not in a haste for money.

I didn’t see any reason why anyone who is serious about investment should be in a haste for the money out in cryptocurrency, because it has already been advised that they should only out money that they are sure can be forgotten for a while or money tat we feel we can easily forget without it affecting us in any way. It is when we have packed all our life savings in it that we usually get to over over-stressed about the investment. All I will implore the OP to do is just keep holding.

I will agree with never sell any satoshi that we bought. If me i get BTC or maybe ETH from bounty campaign and trading. So i think that is not money like i use real money for capital. If something happen with me or in an urgent condition, i think sell some assets in BTC is not a bad idea. Because for me there are nothing more important than my life, but in case it is very urgent condition.

If OP didnt sell out as he write up this thread then he can probably hedge up some funds since the price of BTC now is uprising.If he do able to buy up some bitcoin on earlier years then this increase would already be enough to repair up his own car.I do know that broken piston ring wont really be that cheap but its repairable but it isnt that costly for you to need to pull out your bitcoins just for that. Just get a small portion just for those expenditure and try your best to replace those funds asap if you do have the money.

Imagine the market is everyone standing on a rowing boat, its a good boat but its not invincible.   If everyone is shouting yes we are going higher, I feel bullish and we stand all on one side of this rowing boat then we are unstable and the boat might even take on water from being unbalanced in its weighting.    Somehow we are less likely to achieve these lofty aims for restoring 20,000 or similar if all views are in the same place, it means the buyers are already in and fewer remain left to buy.

   What I prefer to hear is some still not convinced, the gloom of January and February this year, the famous youtuber speculating we'd spike down to 1,500 pricing.   Somehow that negativity openly displayed in the market, this produced a bull market and a good trend to buy into.   The market was less weak then it had in appearance, it was the sentiment and patience of people that had given up and many were too afraid to buy.    If we come to now, theres few bears left and so its fair to say quite possibly less standing on the other side of the boat to join BTC and buy in any substantial way.
  Its just one of the ironic things I think is true and keeps repeating, a natural market phenomena.    Autumn into winter is always more choppy weather I think (ignoring slightly a global market with the southern hemisphere lol), so we'll see how it goes.  Today as it recovers a previous sell off BTC looks bullish but thats my day to day view.

I guess you don't get it how expensive the repair cost and other cost material for a broken piston ring. OP really need the money for his family and for getting a new car, then the opportunity arrived, someone just wanted to sell their car for bitcoin. Is it great that bitcoin is widely accepted and his friend have some bitcoin too. OP will just have to plan it carefully and choose how to make the cost less for selling some bitcoin since the current price now was in a bit dip.

I can understand why you think that with the block halving coming up next year, but don't discard the possibility of the block halving price being priced in already-- we went from $3k to $14k to right now $10k. That's a 240% increase.

Bitcoin has always been full of surprises, on the way up and on the way down. If too many people expect the price to either go up or down, the price tends to break out in the opposite direction liquidating a lot of positions.

If you're over-invested it is better to sell 25-50% so that you have some fiat left in case you need it-- benefit is that if the price drops and you don't need the fiat, you can buy back a portion at lower levels to decrease your average entry point(s).

To my opinion now it's not the time for selling unless you've paid Bitcoin very cheap or you really need money.
 But if you have some emergency money better use that that than Bitcoin. When the price goes more up you can sell some smaller amount of Bitcoin and replace the emergency cash you spent.