Topic: This is why I sold my 0.67 BTC!! - page 6. (Read 1025 times)
It's understandable since we're facing a difficult situation, people doesn't have any option but to sell their bitcoin to provide what they need during the community quarantine. A lot of people are suffering and struggling because they don't have any source of income to provide their basic needs. Besides, it's for your own good and there's still a chance to get it back. Anyway, stay safe and obey the rules of the authorities to secure your health.
Makes you wonder if the bigger lenders on the board could make a decent business of lending fiat against peoples BTC.
Yes, it seems kind of heartless to make a profit off of this, but if you knew that your could have used your BTC as collateral against a loan at a low interest rate would you have done it?
Probably a bunch of banking regulations that you would have to work around (if you care) but as P2P it's probably also not that big a deal.
I don't have enough liquid cash to do it, but it might we worth a discussion between those who do.
-Dave
Yes, it seems kind of heartless to make a profit off of this, but if you knew that your could have used your BTC as collateral against a loan at a low interest rate would you have done it?
Probably a bunch of banking regulations that you would have to work around (if you care) but as P2P it's probably also not that big a deal.
I don't have enough liquid cash to do it, but it might we worth a discussion between those who do.
-Dave
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
~
In times like this, you need to think twice or thrice to decide which will make you benefit and at this time selling Bitcoin for money is your choice.I know the situation of New York right now since it is the state with the most number of cases in U.S. Just take care of yourself and your family there including your relatives. We hope that the situation there and all over the world will be ok as soon as possible. Selling your BTC right now isn't a bad idea since you've badly needed cash right now.
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.
After this pandemic, you will have the opportunity to buy it again so no worries 
.
Ok we understand your situation, indeed New York has been turning out to be the next ground zero.
I think you are not alone though, specially the panic that we have seen lately causing lots of investors to really cash it out because of the scare. Stay safe!
@Dildo Shwaggins - yeah, the fundamentals might not have change, but we haven't seen this kind of pandemic, BTC was born out of recession, this is a big test for crypto holders.
I think you are not alone though, specially the panic that we have seen lately causing lots of investors to really cash it out because of the scare. Stay safe!
@Dildo Shwaggins - yeah, the fundamentals might not have change, but we haven't seen this kind of pandemic, BTC was born out of recession, this is a big test for crypto holders.
If you were in dire need of cash, I guess you are excused.
Personally I wouldn't advice anyone to cash out now though. I would especially advice not to panic and not to sell after a 40-50% dip. It is not different this time.The fundamentals have not changed and Bitcoin is still working exactly as it was supposed to.
Hopefully you will be able to recover financially soon and buy again without having missed out a lot.
Prayers might help raise morale, but mostly it is our actions that will help us overcome this obstacle.
Everyone must do their part to flatten the curve and allow our health system deal with this problem with ease.
Personally I wouldn't advice anyone to cash out now though. I would especially advice not to panic and not to sell after a 40-50% dip. It is not different this time.The fundamentals have not changed and Bitcoin is still working exactly as it was supposed to.
Hopefully you will be able to recover financially soon and buy again without having missed out a lot.
Prayers might help raise morale, but mostly it is our actions that will help us overcome this obstacle.
Everyone must do their part to flatten the curve and allow our health system deal with this problem with ease.
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 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.
Jump to: