Topic: Will you sell because of situations? - page 5. (Read 729 times)

as long as the money from selling Bitcoin is used for urgent needs, I will do it. when I really need money and there are no more assets to sell.
some people who collect Bitcoin without use, make it an investment asset. when in urgent need we can use it if there is no other way.

but by the way, why don't you suggest asking for help from the security forces in your friend's area? I mean it is a criminal act, the police can handle that.

I suppose the victim of this case would be reading this thread to know of the decision of the majority and maybe effect it in the situation or perhaps, you @OP will show it to the victim, explain it perhaps.

It's said, heavy lies the head that wears the crown, also, it is the he that puts on a shoe that would know where hurts them. Am definitely not in that situation, would never be and can't tell someone in the situation what to do or not do.

Still, I'll say he scales it and know which is of the more importance and possibly what way to go about having there family back.

I stand with you on this point,you are very right bacause situations and problems are solved by money,and what's the gain in holding the money when someone related to you is badly affected by either a disease or illness that requires money to be treated.Any reasonable person will sell his coin or any other important asset that could be worth the amount to be used in taking care of the pressing situation.I know some persons who doesn't have heart will rather prefer a member of the family or a friend die than selling his coin to solve the problem.This kind of act is what is known as wickedness.To me,what ever it takes for me to save a life of a family member or friend,I would do it,as long as the means is available.

Most likely, OP is just creating this whole story. But whether it’s true or not, you should not be confused if you’re going to sell or not, life matters more than money. The important is the safety of your sister, even if it means losing all your bitcoin in your account. But of course, everything should be done legally. Otherwise, you will also be put in danger while rescuing your sister alone. You should learn to cooperate with the police officers so they can help you with this miserable situation.

There is nothing to be confused about in this situation.  The father must inform the authority of the said abduction.  He can then follow the instruction of the authority.  He can sell his Bitcoin as an alternative just in case the situation needed funds.  Life is way more important than any Bitcoin savings.  Bitcoin can be repurchased while life once ruined or gone cannot be returned.


I can sell my Bitcoin any time if in any situation I needed funds but all I have is my BTC stash.  Family needs are my priority and I often handle Bitcoin as a currency that can be used anytime. I do not care about the losses as long as it will solve any problem I am currently facing.  I would rather sleep soundly than hold on to my BTC with alot of worries in my mind.

This case has been 2 weeks and you made a thread now so what about the case of your friend whose younger sister was tortured and asked for crypto ransom, what did she do then how about a report to the police station?

Even though I don't really believe in this story, if you ask me to sell bitcoin to save my younger sister, we have to do it, but what is surprising is why you asked for opinions on the forum about selling bitcoin?

Can't stop thinking when the situation is precarious you still ask about it? Meanwhile, the sister was being tortured for a long time.

Or do you compare the situation from the emergency with your story to how the bitcoin price is the opposite? Somewhat unreasonable.

Regardless of whether your story is true or fictitious, I don't think you need to create this thread in a forum just to ask a question.

There are many police stations that you may easily reach there, tell me the case, ask for a solution or you should be able to make your own decision before it's too late. I think it will take a few minutes to make the thread, while there is a body that is under threat.

Where's the logic?

Who is confused OP? Is it you or the people the man has asked for advice? I'm just shocked that such a confusing issue has been raised at such an important moment.


The situation you're describing is one of life and death. If you state that the man's younger sister has been kidnapped and that they are demanding a ransom, the man should be careless to ask others whether he should sell his bitcoin to save his younger sister. Nothing is worth risking one's life for, unless the man has another choice for rescuing his younger sister from the clutches of the kidnappers.

Selling all of your bitcoin to aid with a financial problem does not mean the end of your bitcoin journey; you can buy again once you've saved up some money and gained financial stability.  After all, one of the key objectives of wealth accumulation is to overcome financial problems.

Are you out of your mind? What are your plans for your cryptocurrency in the event of a family member's passing? Isn't the purpose of earning money to provide for your family? Is cryptocurrency not considered money? I apologize for the barrage of questions, but they're necessary for a proper response. Money is meaningless in the face of losing a loved one. Cryptocurrency should be utilized for your essential needs, not just held onto. Even if it means selling your cryptocurrency to provide for your family, it should be done. It's crucial to recognize the situation's urgency and take action, rather than continue to ask questions. The priority right now should be to sell his cryptocurrency and use the funds to rescue his sisters from the kidnappers.

OP, this is a serious situation, and I don't think the deceased even have enough time to think very well before selling their holdings or not, unless their sister is not so important to them (let me just put it that way). Or perhaps if this guy has another means to pay up the ransom as soon as he can without selling his Bitcoin, then he should go on and get money from the other means, but with what you said already, even the Bitcoin he is holding cannot cover the ransom, so he will need to sell the Bitcoin and still take out a loan to complete the transaction.

OP, if this story is not false, just as other members are strongly suspecting it is, then I have just one piece of advice that can work, which is, let him take a loan and use his Bitcoin as collateral.

You said he introduced you to Bitcoin, and here you are in the forum, so possibly he is also a member of this forum. He can get a loan here and use his Bitcoin as collateral, or he can still get another of his Bitcoin colleagues to help him with the loan and use the Bitcoin he owns as collateral.


Why? No, am not confused 🤔.


 
Bad emergency (disaster) that only presents me one option, which is to sell.

What are the primary motivations behind our desire to earn money in life? It's because we should be able to deal with any financial issues that arise; if that's the case, what's to stop that person from selling their Bitcoin investment and pay the ransom to the kidnappers?So, in my opinion, the guy shouldn't hesitate before selling it Bitcoin to pay save life of family members .As for myself, I always sell some of my bitcoin when I face difficulties.infact I can sell all my Bitcoin investment even the price is low is I encounter any challenges because I have not much guarantee over my Bitcoin investment.

The story doesn't seem to be real as it lacks human emotions. Will anyone hold the money when his sister kids are in life threat ? Do you think holding bitcoin is more important than the life of the kids?

Just listen to me, holding Bitcoin is important for everyone but more important is the life of our near and dear ones. You may sell the bitcoin and you may work hard, earn money and buy bitcoin again but kids, if anything happens to them, they won't return back. Seem like you do not have any emotions and you are a bot with no emotions.

Uhmmm, it depends on what happens dude.
If I'm in a dilemma where I have such problems, then I'll say I have to make a way out....maybe by selling part of the coins I've HODLed for long...
But the most important thing here is that you need to understand that I can't put in every cash I've got in me... It'll be more profitable to do so, but that'll prolly be the most stupid decisions/ actions to make... We are always taught to keep some cash for exigencies like these, which are things we really need to look out for... secondly, you need to have a stable income to be able to thrive you a long way...

Sandra 🧑‍🦰

This situation is definitely one that requires you sell your bitcoins. Any life threatening situation which cannot be solved by the cash I have available would cause me to liquidate my Bitcoin holdings.

I see absolutely no reason why I should forget about Bitcoin. Having to empty my wallet at one time does not mean I cannot keep earning in Bitcoin and building my stash over again.

Even if this story isn't a lie, it doesn't require a forum thread, you only need to look out for your acquaintance and help out when you can.

Let's look at the history of the United States, which, in my opinion, makes very competent decisions on negotiations with terrorists. The US simply ignores them. Thanks to this position, they know that there is no point in committing crimes, because the US government will not give a ransom.
As for the case that you described above, you need to call the police, because they will kidnap every time. Nothing will stop criminals from doing it again.
And I would advise your friend to better monitor security, perhaps hire a security guard for his family members.

Why not ask this question on Nigeria local board?

How can we know this is true or not? Let them report to police and it would later be taken to the news and be valid to the public. That would be only reson people will know that you are not lying.

Like a self-made-up story to me too unless I see it on news. But abductors may not have the technical knowledge about bitcoin and other cryptocurrencies.

What other stories did you come up with to create drama like this to create new threads every day?

I can't believe what you're telling the forum this looks like this is bullshit or like a drama movie asking for ransom while you are confused about how to do whether to sell BTC or not it is stupid not to act sooner.

lol.

Are you making surveys to get to know how bitcoiners think, so that you can start kidnapping people for money? Do you want to know if we value our bitcoins more than the lives of our siblings?

I'm not in the position to decide for someone else. He should know what to do, but usually it's better to work with the police and make sure the ransom is paid in a secure way and the person who picks it up gets identified. He shouldn't do anything on his own because there's no guarantee thy won't kill his sister after getting the ransom just to get rid of a witness.

If this is true there should be an article about it somewhere, or at least the girl should be reported missing. Care to share it, OP, or is this fake?

OP, Let me ask you a question.
If you are holding 1 bitcoin or less in your wallet, which you never planned to sell out any time soon, your family is doing well, and there has never been any need for you to need extra cash. 

If you wake up one morning and your child is in a critical condition that requires immediate medical attention, you rush her to the hospital, the doctor confirms that she's going to need to undergo some surgery in the next couple of minutes, and you don't have such an amount of money demanded right on your bank account or in cash, but you have some Bitcoin stock somewhere, what will you do? Do you really need to think about what to do? The more time you are spending thinking about whether or not to sell the Bitcoin and save your daughter's life, the more you are endangering the life of that innocent girl. (just an illustration). 

Situations like that don't even require a second thought; sell 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. The answer is yes, sell and save the kidnap victim. You can save up with time. 

Sorry to say but this should be one of the dumbest questions I have seen in this forum.

Like,  what where you expecting forum members to reply you? Take a minute to think about it, the man sister's life is on the line here and you want him to start contemplating of he should sell or continue holding. There are times where you don't even need to think able something twice before doing it, as long as the safe return of his sister is guaranteed then there is no reason for him not to sell and if you weren't lying what's stopping the kidnappers from demanding crypto directly?

This is ridiculous, I feel you just made up this story the same way you have been making others.