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Topic: This is why I sold my 0.67 BTC!! - page 3. (Read 1009 times)

jr. member
Activity: 121
Merit: 1
April 04, 2020, 02:31:08 PM
#66
This is a completely justifiable reason why you sold your bitcoins. And since you are an emigrant, you probably have problems with work, so you did it right. All I can wish for is the most important thing - health, not to lose heart and take care of your relatives and friends. After the crisis, you can return back to the cryptocurrency industry
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
April 04, 2020, 11:52:52 AM
#65
It's probably a hard decision you made,

Selling at the deep because you needed cash, if it was me, I will do the same. Since the world is facing an epidemic, it is best to assume that having enough cash in our pockets is the best decision for now than holding bitcoin, because we don't know until when this virus will last.
member
Activity: 868
Merit: 16
April 04, 2020, 11:40:13 AM
#64
Keep stay at home mate, I hope the situation can back normaly. The economic situation is bad indeed, and there are many people who sold their asset/investment to comfort to money fiat because they money to buy some basic need. Maybe this is happened to you, you were tried to sold your bitcoin because you need to buy the basic need. And I think if you have saving money maybe you don't need to sold your bitcoin at now, bitcoin price is still in the good trend. As we can see now the price movement still show that its price will going up and yesterday we have seen its price was increasing for more than 5% that I think that is impossible if we the current sitution but bitcoin has done it.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
April 04, 2020, 11:29:51 AM
#63
That is the reason why markets start dropping when there is pandemic start spreading all over the world. It really causes a damage to all stock in the market even traditional stocks and crypto market stock are also been affected. I understand people pulling their valuable assets and turn it into cash to buy food, toilet paper, and disinfectant to fight pandemic COVID-19 during a lockdown that nobody can go outside because they are afraid of. I completely understand what OP's sentiment and we are all praying at this time and help ourselves self to safe while we are staying at home.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
April 04, 2020, 11:10:41 AM
#62
As for me I believe in future of Bitcoin and think that if future the price of Bitcoin will grow. But if you have no money at all you have to sell Bitcoin. As for me I sell my Bitcoin too because the economical situation in the world is very difficult, but I hope that in future the economical situation will stabelize and I again will buy Bitcoin, because I belive in Bitcoin and I believe that in the future the price of Bitcoin will only grow.
Yes! Only sell bitcoin when you need it! In this crisis we need money so it's just normal to sell some of our investment considering that it's needed to survive. In long term, bitcoin will pump because we all know that bitcoin is in continuous growth since it has a limited supply, what we need now is to survive because money is nothing when we are dead from the virus. Stay safe everyone!
full member
Activity: 232
Merit: 113
★777Coin.com★ Fun BTC Casino!
April 04, 2020, 10:08:10 AM
#61
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

Thanks for the concern! Well some of us really need to sell  since other countries are currently kn a lockdown and we are oblige to stay at our home. Of course, when this pandemic ends, I think everything will be okay and the prices of bitcoin and other coin will soon to rise and all of us will continue the normal things in everyday life. Take care always!
newbie
Activity: 15
Merit: 1
March 30, 2020, 11:00:17 AM
#60
As for me I believe in future of Bitcoin and think that if future the price of Bitcoin will grow. But if you have no money at all you have to sell Bitcoin. As for me I sell my Bitcoin too because the economical situation in the world is very difficult, but I hope that in future the economical situation will stabelize and I again will buy Bitcoin, because I belive in Bitcoin and I believe that in the future the price of Bitcoin will only grow.
sr. member
Activity: 1554
Merit: 334
March 30, 2020, 10:49:24 AM
#59
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.
Though knowing that it is not the right time to sell our assets the fact that market is now facing a recession not only in crypto community but in the global market as well, we should still know our limitation. What I mean is that, if you need a money that badly then don't hesitate to spend it or convert few some coz I know what it feels like. Currently, my country is under lockdown, all jobs were terminated, no is allowed to go outside and this means no income so if I've been in your position then I could have also sell some of my earnings.
full member
Activity: 526
Merit: 100
markaccy.io
March 30, 2020, 02:58:15 AM
#58
nowdays corona does not only have an impact on health side but also affects on the psychological condition of people especially in country who affect the corona virus.. The next serious problem is unstable global economy many country choose to restricted their people activities
I think you already do a good thing .. when the corona has subsided and people are allowed to leave the house .. that's when you have to buy assets back  Grin


#Stayathome
legendary
Activity: 3010
Merit: 1280
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March 30, 2020, 02:55:40 AM
#57
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

I hope you and your family are in good health, I think there is nothing we can do about the current situation.  Almost every places in the world are in lockdown and for the like of us that is not that rich, even though we don't want to sell anything, we will be forced to rather than let our family die in hunger.  I hope the current crisis will be solved soon.  Let us pray that our scientists and medical people find a cure to this pandemic.
full member
Activity: 742
Merit: 128
Coinbene.com - Experience Fast Crypto Trading
March 30, 2020, 02:49:44 AM
#56
the condition is currently quite bad. out there, people need cash for their needs, moreover, lockdowns that trigger panic buying. Well, that's a normal thing, it's just that, until now, I tried not to sell anything from my assets. if I sell it, I might be able to collect it again, but I don't want to miss the train that is leaving soon. stay safe buddy.
Many people focus only in what they need by this time. So selling your asset is the best option you can do if ever that lockdown will take much longer then you need more money to use for your needs.

There is many other time that you can accumulate the asset that you sold today the most important thing by now is to survive this situation even we need to use all our assets.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
March 30, 2020, 02:09:10 AM
#55
the condition is currently quite bad. out there, people need cash for their needs, moreover, lockdowns that trigger panic buying. Well, that's a normal thing, it's just that, until now, I tried not to sell anything from my assets. if I sell it, I might be able to collect it again, but I don't want to miss the train that is leaving soon. stay safe buddy.
full member
Activity: 2548
Merit: 217
March 30, 2020, 01:55:21 AM
#54
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.
No matter how we support Bitcoin and promises to HODL for eternity time will come that we will be needing to make decisions like this and i Support you for saving your family and life in this Cruel time from the Pandemic.
and Besides we can still Buy another set when the problem is over because Bitcoin will always be here for us and so we are for Bitcoin as well.

Also if i were in your position nothing that i can do but to sell,though i will try to ask or borrow from family or friends since Volatility may bring Good amount in another days .
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
March 30, 2020, 01:43:09 AM
#53
Keep safe Faysal. It's your money and that's why we're holding it so that we can use it for something important and situations like this.

You're definitely right, you can always buy it at any price as long as you'll use it for your needs. Maybe this is your whole savings and you have put it in bitcoin and you are in an understandable situation, no matter what, keep safe all folks there.
sr. member
Activity: 994
Merit: 257
Best Bitcoin Casino www.coinsaga.com
March 30, 2020, 01:08:25 AM
#52
Yes because of the situation so many holders have sold some of their crypto we are all praying for the situation to be back to normal again soon.
Prevention is better than cure so we must do what we can in order to be safe.
Try to avoid crowded place and stay at home as much as you can.
hero member
Activity: 3150
Merit: 937
March 30, 2020, 12:53:45 AM
#51
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

0.67 BTC is less than 4200 USD.How long will you survive with such money in a city like New York?
One month I guess.This pandemic is just starting in the US and New York is the epicenter of it.
The lockdowns in New York will continue until June and this is the optimistic case scenario.
I hope that all the people in New York will stay at their homes and follow the rules of the quarantine.
Stay safe now,Bitcoin will become important later.
sr. member
Activity: 1820
Merit: 436
March 30, 2020, 12:25:11 AM
#50
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.
I think you just do what you need to do and at this time of survival that is why we are investing not justs for profit also we could have funds or money that we could use in terms of emergency.

In my opinion, what you did is just necessary and I think I would probably do the same if I'm in your position also at this rate we are experiencing a pandemic virus that could potentially kill us all.

Also selling your investment might not have a bad effect on the market at all the dump in the market is always a part of bitcoin and this dump could be a great opportunity for the investors to reinvest again.

hero member
Activity: 2268
Merit: 588
You own the pen
March 30, 2020, 12:20:22 AM
#49
That's how you do it, Good job OP. because we sold our bitcoin it's not necessary to mean we gave up on cryptocurrency, we are just scaling things and decide to sold it for our own good. after this pandemic is done, we will buy again with our monthly earnings and start again. right now is not the right time to hold, at least for some of us who are in need of cash to buy some stock because our local government it's not nice as the other country has. Our president is good and caring but the leaders in our villages are corrupt. that's why if we don't sell our crypto assets we will die on hunger.
legendary
Activity: 2170
Merit: 1789
March 29, 2020, 11:46:24 PM
#48
Better hold your bitcoin until halving is coming and get much profit with your bitcoin assets, what for selling bitcoin during price still down and what benefit did you get when bitcoin break with lower price, just wait little time and you get bitcoin back again to higher price and get much profit.

He explains the context, didn't he? He isn't selling just for the sake of money but because he needs cash and it's urgent.

If really you would want to buy it again, be aware that BTC could moon at anytime (so you don't end up buying at a price way more higher than you sold. It hurts Lips sealed Lips sealed)
Determining when to buy and when to sell is always challenging. Buying at a higher price is not necessarily bad IF you can still get profits later on. Which is why it's said to only invest the money you can afford to lose. Best wishes for OP.
full member
Activity: 2142
Merit: 183
March 29, 2020, 10:59:00 PM
#47
Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.
That is why the price of bitcoin is either slowly rising, or again falling below six thousand dollars. Now the CoinMarketCap table shows the price of bitcoin at $ 5,987. And it’s not a panic, as many people think, but the fact that people simply don’t have anything to eat for quarantine in this situation. Someone is forced to sell their cryptocurrency at these low prices, and who has free money has the opportunity to buy it. The situation is still difficult. We do not know when the coronavirus will recede, although the virus weakens.
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