Topic: Sell now at 9.5K or use emergency cash? - page 4. (Read 4241 times)

Personally I'd ditch the car and buy a used one with way less problems than the one I currently have. Normally, bad piston rings often stem into more engine problems and you may have to replace the whole engine as a whole or get the top part overhauled (which also costs good money, somewhat on par with a used car) and if you're on a budget, that's definitely a no-go. I'd rather sell my bitcoins to fiat and just hope for the best, at least I used the coins into a useful cause compared to just having it sit there and hope that something will happen. Also, it will be one of your first purchases/expense with bitcoin (in a non-direct fashion) so it's a good thing. Emergency money should never be used in situations such as this, that's why you call it 'emergency' for a reason.

Also, this is more of a personal financial advice rather than a bitcoin-related matter. Take what I said with a grain of salt, and the final decision would always be yours as it is your money.`

If the need is pressing and you don't have any other avenue to monster up cash you can sell your bitcoin your comfort should be taking into consideration. But if you can still cope with other means if transportation then you can hold

Why are we holding bitcoin? Answer is simple, for our need. If we think bitcoin will go $100K and its possible to go but question is, when ? If we can't use bitcoin when we need then why should hold it? Family and our needs is more important from bitcoin. Bitcoin could be regain/rebuy again. So I will not suggest to use your emergency fund. Who know when need it, for example someone from family is sick seriously and you need real money immediately, perhaps you will not able to sell your bitcoin instantly. So you could use your reserve fund that time. I will suggest sell your bitcoin when you need for family or for you and try to rebuy it slowly. So you are not going to miss even there is bull run.

Your BTC can be your emergency cash for now, you can withdraw it anytime you want but use your emergency cash until you badly needed to withdraw your investment like BTC. You're right 9500 is just too cheap to sell but if you have bought them for 8k or less, you didn't lose anything at all.


My thoughts so. Broken piston ring rarely happen even for a car that I use heavily so where the hell did this guy go from east to west in a day?

I think you should still fix your current car, wait until the price goes up and buy a new car from your friend. If you decide to exchange Bitcoin for a new car at present is the wrong decision. Prices may rebound to $ 11,000 in the following days. Think carefully before making your decision. I believe you will make the best choice.

What type of car is it? I've never heard of anything eating its rings like that, let alone twice, and I've done some intergalactic mileages. There must be a giant design flaw or you have a crappy mechanic. And is repairing it and selling it going to net more than just selling it on Ebay as is?

Of course the price will rise after you sell for a need. That's the law of the cryptoverse. But you also need to think about what makes your life tolerable today, not just some point far off in the future that may never arrive.

Honestly, if I have emergency cash, I would use that to cover the expenses first because deep inside myself, it is saying that bitcoin's price will increase. However, it is your prerogative to act on that. If you feel comfortable on selling your bitcoin, it is your choice because that's your money. But to wait when will the bitcoin reach to the level that you want, would be a hazy one. We can't exactly predict when will it increase. You might be waiting in vain in case you are waiting for that moment. But if you finally decide to sell some of your btc or eth, you should not look back at that moment. Move forward because if you keep looking on that moment, you will be crazy just thinking of that, if in case their price increases.

When there is a need, meet the needs with the physical cash available. If that's not enough, just cash out bitcoin and do it. This is from my view, everytime we sell the price increases but thinking the same we cannot skip our needs. This could end up with a big loss from our routine job. Also, how the market changes tomorrow or whether we'll be alive tomorrow is always un assured.

My car broke down and my mechanic said the piston rings are broken. I am in Europe and workmanship is expensive. I am thinking about selling some BTC for repairs and then another car. A friend of mine said he will sell his car to me for bitcoin. This is great and shows adoption is almost here.
I am pretty sure that if I sell, the price will increase, but I definitely need the car for groceries and other trips such as work, fun, etc. Taking the bus here is simply torture.
I could keep the repaired car but this is the second time it is giving me this error, breaking piston rings and this time I need trigger chain replacement, and other repairs as well.

My wife just told me we need to purchase book sets for both our kids. They are in private school and you need to purchase all the books and the experiment sets and all these cost good money.
 
I never sold a single Satoshi I always bought. I am thinking maybe it is time to start selling some. Maybe I can sell some eth instead.
Everyone can buy and HODL, but when you need money, you may need to sell even though the price is cheap. I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?