Will you sell because of situations? - page 2.

boyptc

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

Bitcoin is money thus, we need to spend it on important things.

It's a no brainer on what should a person do with this situation, do you love your sister for that matter? If yes. You'll have to do the right thing and that's to bail and sell your bitcoin.

But before that, is there the authorities or cops can do on this situation and ask them to help with this incident? Because someone will think of that firstly unless there's no sense of asking them anyway.

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Quote from: Rigon on April 26, 2023, 07:09:20 PM

Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

I love Bitcoin but not more than my family loved ones. Of course the person you quoted here should rescue his daughter by selling bitcoins if needed. But he must do this with the help of the police. And it is not possible to say whether this incident is real or not. If such an incident happened, I think it would have been covered by any news or media. I have a slight doubt that you made this incident a post here. But anyway if it happens to me I will definitely sell my bitcoins at any moment to rescue my daughter under any circumstances. Because I love my daughter very much. I can never lose my daughter. I will earn a lot of money in the future. But if I lose my daughter, I will never get her back.

I agree with you, that basically bitcoin is just a tool to get better financially that we use and take advantage of, and it's all for our family in essence, basically logically we will not be treated with bitcoin when we are sick, nothing who makes food and no one accompanies us in old age other than family, solely to meet the needs and happiness of the family, I will also sell my bitcoins when a very bad situation befalls my family and it is stupid if we keep the bitcoins we have , even though it's the only way to save.
But maybe this kind of thinking is only in us who do everything we do for our family, starting from investing in bitcoins, studying bitcoins and so on, this is done in order to get income to support the lives of the people we love, even though my bitcoin buying price is much higher than the selling price .

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Quote from: freedomgo on April 26, 2023, 06:51:27 PM

Regardless of the price, I think with this kind of situation, there’s no sense if you are still weighing things, if you will sell or not. As long as it concerns life over death, then it’s an automatic decision to save first the one that needs to be saved, even if it causing all your bitcoin to sell and leave you with nothing. What’s more important here is life over wealth and money. And I think a lot would agree to this.

The situation mentioned by OP is something which do you do not come across every day and it is something very tragic. In that situation, for sure you will sell your bitcoin in order to save a life. However, there are many people who sell bitcoin when the price dumps. They are not in need of money but still sell them because they feel that Bitcoin may go to zero or go more lower. This is immature behavior and is usually done by those who do not have trust in BitcoinBTC.

If you have Bitcoin, you should not sell them unnecessarily and keep them for the future. You may sell them at the peak of the bull market or at times when you need urgent money and there are no other sources to get money.

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It's wise to always have an emergency fund, just in case something bad happen, you will be able to use your emergency fund instead of selling your investment portfolio, don't let emergencies happen before you start looking for a solution, make a preparation because nothing in life is guaranteed.

I find it hard to believe what OP is talking about, if anyone has a lovely sister they won't want them to die in the hands of gruesome gunmen, it's rewarding to save someone's life, even if they are not your siblings or family, there is a huge reward for doing so. I hope the kidnapped victim will be rescued in safe health and condition.

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Quote from: Crypt0Gore on April 30, 2023, 06:16:59 AM

I'm wondering how this person even have the nerve to ask for other people's opinion, I would have sell all my Bitcoin and rescue the sister if I am the one this happened to, are you sure this story is genuine? This is someone's life we are talking about here, she will pay you back someday for saving her life, and you can still get Bitcoin again some day, there is nothing more worthy than our lives in this world, stop asking questions and save your sister's life, you dummy.

Indeed, it was common sense for someone who has that situation. Maybe OP has a different opinion or decision about this which is why he is soliciting word from others. Because if you are a good person, you would really think about the welfare of your sister or brother rather than thinking about the value of Bitcoin. In fact, selling is not a hard decision especially, we know it was for the safety of our loved ones. No one can afford to look at his sister suffer difficulties because we did nothing despite the fact that we have an option which is selling our Bitcoins.

Crypt0Gore

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I'm wondering how this person even have the nerve to ask for other people's opinion, I would have sell all my Bitcoin and rescue the sister if I am the one this happened to, are you sure this story is genuine? This is someone's life we are talking about here, she will pay you back someday for saving her life, and you can still get Bitcoin again some day, there is nothing more worthy than our lives in this world, stop asking questions and save your sister's life, you dummy.

imagine, , reading this just ruined my Sunday for me, even if that Bitcoin is all you have, you need to sell all of them to save your sister, if she is gone you won't get another sister using your bitcoin, or have you seen a market where they sell sisters?

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

Cases like health concerns or the safety of one person from a very dangerous situation is already enough reason that you set aside your greed and just sell your bitcoin if it will save the situation. After all, bitcoin is only an investment, you can start it all over again if you find the perfect time to invest again. But with life, there’s no second chances, there’s no repeat and rewind. So if you can make what’s best for today, then do it to save it. Only fools actually confuse theirselves whether to sell or not with this kind of situation.

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Wow. Your friend's story is very tragic like in the television series that I often watch on weekends. How bad is your friend's condition? Let's say everything you said is true and I will choose the option to sell my bitcoins, because nothing is more important than the safety of my family and bitcoins are useless inanimate objects when compared to the safety of our family.

Then just thought about the amount that was not enough from the sale of bitcoins that he had. To be honest, this is a ridiculous question and you or anyone should already have the answers you need.

Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

To hell with bitcoin if faced with problems like those of your friends, no matter how hard you try to hold onto the bitcoins you have, family safety is far more important than anything. What makes you treasure blind and why are you so considering not selling bitcoins? To me this question is very funny and my statement now is what happened to one of the families you told us about, did you wait for the advice of the people on the forum and only then tell him this?

Very hasty and statements that put you in one place as someone who has no heart. How could you consider bitcoin, when your family is in big trouble and his safety is at stake just because his brother doesn't want to sell bitcoin. LOL

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Quote from: AakZaki on April 25, 2023, 03:20:07 PM

An overly dramatized story. But if this situation does occur, then what is the best option if not selling bitcoin ownership. Investment aims to make a profit and to make someone happy. If someone is held hostage and the last option is to sell Bitcoin ownership, yes it must be done. No matter the profit or loss, a person's life is the top priority. Bitcoin can still be found again and can be bought at any time, but the stock of someone's life cannot be bought again.

We really don’t know if it’s true or not. But even if it’s true, one should never be confused on what will be his decision. Of course, life matters more than money or bitcoin so he should never hesitate to sell his bitcoin if that’s the last option just to bail his kid sis. But he should not trust the kidnapper either and just give the ransom instantly. For security, he should contact first the police men and let them aware of the situation. If the kidnappers are smart, I guess the one who’s asked for a ransom should be smarter than them.

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Quote from: freedomgo on April 26, 2023, 06:51:27 PM

Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

Regardless of the price, I think with this kind of situation, there’s no sense if you are still weighing things, if you will sell or not. As long as it concerns life over death, then it’s an automatic decision to save first the one that needs to be saved, even if it causing all your bitcoin to sell and leave you with nothing. What’s more important here is life over wealth and money. And I think a lot would agree to this.

Yes, and I know we can't afford to lose someone's life just in exchange for money. If selling our Bitcoin is the best option, why not? Everyone can sacrifice their Bitcoin, even selling them at a cheap price is still okay as long as it was used for a very important reason.
But I also think the reason why this thing happened to them is this man is too bulgar of his achievements and so proud of his Bitcoin without thinking about the possible threats awaiting him. That is why some rich people keep themselves anonymous as possible for they don't want to become a target of evil people.

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Quote from: alastantiger on April 29, 2023, 09:42:04 AM

Assuming the story which the Oap narrated is true, I would do anything to save a family member (s) or friends even if it means I would have to sell all of my Bitcoins. With hardwork, discipline and strategy I would be able to get more bitcoins but when a life is gone, it is gone forever. And one would be filled with regrets that they should have or could have done this or that with their bitcoins to save a save while they could.

How about other options, I think there should be a better choice to solve this problem wisely.
I think the police can solve this case well because I think ransoming the kidnappers only makes the kidnappers feel that they can control the situation easily. Even the same incident can happen again if this problem is not handled by the police and the redeemer will get even more threats in the future.

I know that we can only give opinions that might be easier to say, while those who are having problems are very hesitant to solve the problem as soon as possible. But by the way, how far has this case gone?

Quote from: alastantiger on April 29, 2023, 09:42:04 AM

But I think it will be a dumb move for kidnappers to accept bitcoin knowing how volatile the asset is.

Kidnappers probably understand what privacy is, and they think that the bitcoins they receive will keep anyone from recognizing them even though the bitcoin price fluctuates. So what is clear is that in this case they are quite good at ask bitcoin instead of asking for fiat as a ransom.

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Assuming the story which the Oap narrated is true, I would do anything to save a family member (s) or friends even if it means I would have to sell all of my Bitcoins. With hardwork, discipline and strategy I would be able to get more bitcoins but when a life is gone, it is gone forever. And one would be filled with regrets that they should have or could have done this or that with their bitcoins to save a save while they could. But I think it will be a dumb move for kidnappers to accept bitcoin knowing how volatile the asset is.

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Quote from: cydrix on April 26, 2023, 11:13:49 AM

If I find myself in a situation where I have such issues, I'll state that I must find a solution, perhaps by selling some of the coins I've long held onto.
But the most crucial thing is that you get that I can't contribute all of my resources. Although doing so will be more profitable, it'll probably be the stupidest course of action. We are always told to keep some cash on hand for situations like these, which are things we should be on the lookout for. In order to succeed and go far, you must secondly have a reliable source of income.

Just think about it for a moment, what will be the state of your mind if you get a call, you pick it up, and the person on the other side tells you that he is a kidnapper who has got your kid and wants 5 Bitcoin or the equivalent of that first thing tomorrow or your kid is dead? Now, you know that you have 5 Bitcoins stored somewhere safe.

Will you be able to think about everything else in that state or will just prioritize the life of your child? Unless you are a very careless and non-loving parent, you wouldn't even once think of anything else but will get ready to pay whatever is asked at any cost.

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Assuming the story is true, but why everybody is confuse? The answer for this question (if you're not heartless) is too obvious. Now if he chose not to sell his Bitcoin to save his sister because of his own reasoning, just shows what kind of a family member he is.

Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

What then will make you to sell even if the price is against you?

In urgent situation that I don't have anyone to count on financially, even it's hard and even it's against my will. But if selling my Bitcoin is the only solution to save me in such situation, I'll be glad instead. There's always a chance to buy back anyway.

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

Were you expecting the man to keep his Bitcoin and go search for anyone that can lend him money? It is very difficult for people to lend money these days, I would better sell if I'm the one because the life is not a thing to joke with, Bitcoin can be bought again especially if you get lucky when it is been dump but the kid can never be replaced, I strongly advise the man to cooperate with the security agency in a low key and also do anything to follow simple instructions so that the kidnappers don't harm the Kid.

This why smart people don't disclose to public friends that they have Bitcoin in their possession, you don't know who is looking and who may want to hurt you. Don't tell people you own Bitcoin, if you must do, tell them you have a tiny piece if it to convince them to buy Bitcoin.

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

OP please you can do better than this. Assuming the man in the story has crypto worth N10 million do you even think at the banks wouldn't flag his account if he sells such huge amount of bitcoin and amount enters his account. I hope you have heard of the anit-money laundry act. So think this is going to be a problem for both him and the kidnappers It makes absolutely no sense.

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Quote from: Rigon on April 26, 2023, 07:09:20 PM

Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

I love Bitcoin but not more than my family loved ones. Of course the person you quoted here should rescue his daughter by selling bitcoins if needed. But he must do this with the help of the police. And it is not possible to say whether this incident is real or not. If such an incident happened, I think it would have been covered by any news or media. I have a slight doubt that you made this incident a post here. But anyway if it happens to me I will definitely sell my bitcoins at any moment to rescue my daughter under any circumstances. Because I love my daughter very much. I can never lose my daughter. I will earn a lot of money in the future. But if I lose my daughter, I will never get her back.

I think the thoughts you expressed here are absolutely correct thoughts. If it were the same for me, I would have sold all my bitcoins and financial assets and rescued my daughter. And I think nothing can be more precious to a father than his child. So I think he will easily sell his bitcoins and save his daughter. If he is intelligent then he will not think twice to take this decision. And If he is a big fool then he will face big problems.

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Quote from: DiMarxist on April 26, 2023, 03:19:05 PM

Situations like this, we don't even require a second thought; sell it off and solve the problem. That's the most important part of saving: for our savings to save us in the future in times of need. If you keep on calculating whether or not you are to stake your savings over saving the girl's life, you might end up regretting your actions for the rest of your life. Your question is just so unreasonable so the best option will be to liquidate your bitcoin investment and save your little sister. what the reason for us to invest in bitcoin, to get reach, and to solve our problems.

Different problems comes with entirely different risks, bitcoin is for the public and those who embrace development. I've triggered the sell option several times specifically during my school days, when I eas really in need to pay off my textbooks and got nothing left because I've exhausted my savings in fiat currency, I switched to Bitcoin and sold some pieces of the coin when it was still very much considerable amount in the bull season. There's absolutely nothing wrong with selling bitcoin when it's have higher advantages in our daily lives.

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Quote from: Rigon on April 26, 2023, 07:09:20 PM

I love Bitcoin but not more than my family loved ones. Of course the person you quoted here should rescue his daughter by selling bitcoins if needed. But he must do this with the help of the police. And it is not possible to say whether this incident is real or not. If such an incident happened, I think it would have been covered by any news or media. I have a slight doubt that you made this incident a post here. But anyway if it happens to me I will definitely sell my bitcoins at any moment to rescue my daughter under any circumstances. Because I love my daughter very much. I can never lose my daughter. I will earn a lot of money in the future. But if I lose my daughter, I will never get her back.

My family is my first priority, what is this wealth if I don't have my family with me? I would do anything to get my family back.
I agree with you that OP may made up the story just to continue making thread, this is very interesting incident and it should cover by news papers. OP if you have any link about this incident you can share the link here, so we can read that.

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Quote from: JamesBorn on April 23, 2023, 12:24:27 PM

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

I love Bitcoin but not more than my family loved ones. Of course the person you quoted here should rescue his daughter by selling bitcoins if needed. But he must do this with the help of the police. And it is not possible to say whether this incident is real or not. If such an incident happened, I think it would have been covered by any news or media. I have a slight doubt that you made this incident a post here. But anyway if it happens to me I will definitely sell my bitcoins at any moment to rescue my daughter under any circumstances. Because I love my daughter very much. I can never lose my daughter. I will earn a lot of money in the future. But if I lose my daughter, I will never get her back.

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