Topic: Will you take a loan or sell ur Bitcoin? (Read 1144 times)

I get the point that you are making, but what if the person doesn't have anywhere to borrow that money from? What will they do in such a situation? Or what if the only option and place they get to borrow that kind of money from the person will request interest to be paid on top of it during the repayment time, and some situations need urgent attention? What will you have the person do at that point in time? 
 
And if eventually they take the loan and agree to pay back with interest, you and I know that the price of bitcoin is not predictable to some extent. What if the price drops below what it was as of the time they took this loan agreement? Will you still have to ask them to reborrow with extra interest or still sell some part of their holdings and solve that debt problem once and for all? 

Your decisions should be more realistic than borrowing to buy Bitcoin so that you don't end up with poorer people over time. Similarly, you should make your decisions with the potential for higher returns. Bitcoin is a valuable asset, but you should avoid being overly emotional and I always recommend accumulating from your discretionary income and investing in the long term. This is much more realistic than borrowing and can help you work hard to deposit Bitcoin. Your interest in Bitcoin is commendable, but I think you are being overly emotional, which can put your capital at risk. In addition to meeting your family's needs, it is advisable to deposit Bitcoin and through this you can follow the long-term DCAing.

I am of the view that people hodlers should not sell their crypto assets to solve emergency problems as far as it's not a life threatening one as bitcoin is in a crossroad with the price of bitcoin expected to reach a all time high

It's better that you borrow and solve your problems and pay later when you get your profit from your bitcoin investment because this is a period that bitcoin holders should not joke with their assets

Considering the way Bitcoin is making wave now it will be the most valuable asset in the future so on that note I don't see the justification in compromising my Bitcoin to solve any problem irrespective of the criticality of the problem provided I have a means of taking a loan to solve it, I will speedily go for the loan without any hesitation even if the loan requires a vital colatral that is within my possession I will give up everything just to sustain my Bitcoin investment because going by the bull run direction of Bitcoin now there is every possibility of regaining everything I may loose in the process of taking the loan through proceed from Bitcoin profit in the near future and still sustain my Bitcoin asset.

My elder brother who is a trader once told me this " it's better to miss a trade than loss a trade" it doesn't just talk about crypto trading or Forex it's about life generally.

If it has to do with live and bitcoin can save it then I will have no option and literally buy back every lost opportunity once I have the capacity but every lost life is gone and will never have the opportunity to get that life back. it's all gone.

The ball is in your court to play so play wisely.

Taken a loan or selling of my Bitcoin to use   solved some issues depending on the kind of issues at that point in term, will determine if for load but i said that taken a loan is the best, just imagine me having a log term Bitcoin investments so that if you him has finally Bitcoin when price is more better .

Normally before anyone would think of venturing into Bitcoin investment is always good to set up a nice plan for your self. So that Incase if any emergency comes out you we would be able to settle it without touching your Bitcoin investment.

However, I think if Incase I found my self in such situation like this one I prefer selling some of my Bitcoin and settle the cease than going for a loan that we going to require collateral at the end of day while because you can invest in Bitcoin again whenever you want, but if you went for a loan and you didn't pay back when the time expired you are still going to end up selling your Bitcoin at last.

One thing about bitcoin investors is that virtually every bitcoin investor has an active source of income away from bitcoin wallet. Loan is something many people detest so much which could be based on religion, culture or personal reasons.
Selling your bitcoin because you don't like being in debt is good cos that's your choice after all not many will do otherwise. On the other hand, Low or moderate interest loans paves the way for more opportunities.

The crypto market has always been barely unpredictable. Sometimes the gain you make from bitcoin just for holding it for extra 2 or 3 days could be enough to clear debts and make fortune.
You may also sell off your bitcoin and the problem will still persist. It's matter of trusting the goddess of Luck.

First of all, taking a loan and selling your Bitcoin is a big decision depending on how much Bitcoin you hold, or how much loan you want to take. I can sell some of my Bitcoin if after thorough market analysis I discover that the price of Bitcoin will remain or be around the same price I sell my Bitcoin, within the period that I will be able to buy it again... I can also take a loan if the amount and the interest rate is not bigger than the profits I will get on my Bitcoin within that particular period🤷...

Bitcoin is considered an asset and assets aren’t things that you sell just when you like or want to but, again you get to note that, it’s also a currency and if you’ve got it, well enough to solve a great deal of your problems without causing a significant change to your portfolio, then, having to liquidate just enough of that to solve the problem shouldn’t come with much challenge. I don’t like being in debt, not to any individual or some corporate body. In the likely event that, your plans still didn’t work out, you’re most likely going to revert back to selling them coins to pay off the debt.

The truth is that taking loan is never advisable for anything unless the loan is tied to an investment that can generate profit to pay off the loan within the loan duration. So taking loan for anything other than investment is just another way of making a mess of one's finances and selling off Bitcoin investment unplanned means that the investor made the investment without proper preparations or planning for emergency situations  such as will warrant taking a loan. This is not a good practice instead, while making the investment,  some funds should be set aside as emergency fund to cover cases that are not planned for. In other words, investment should only be made with disposable income so that the investor will be able to hold the investment for a long period of time.

This is a very crucial matter,firstly,an investor ought to have an emergency fund which is also known as a backup fund just incase there's an emergency the investor won't go into debt or tamper his/her holDings.It should be the priority of every Bitcoin investors/holDers to build an emergency fund while accumulating Bitcoin but what if the emergency fund isn't enough to sort out the problem then I would sell part of my holdings and add it up to my emergency fund to sort out the problem.But if the investor's emergency fund is quite enough to solve the problem then there's no need going in debt.I'm not a fan of taking loan not even when I own Bitcoin in my portfolio,does such action even makes sense,what would an investor gain if he loses his life because he was patiently waiting for the next ATH,I think the answer is nothing because there are more ATH to witness,unfortunately Bitcoin price is unpredictable,you may be expecting a bullish season and it may end up being a bearish one.My fellow Nigerian if yawa don gas I no advice anybody to go take loan when him get Bitcoin for him wallet,make greed no allow you die leave your holDings think wisely.

Most times is just the unwillingness to try other options especially when your mind is already focused on your bitcoin account. Every legit worker is clearly loan worthy at all time within his means. Emergency situations may come up, exhausting other options first is the advice, not dying while you have a bitcoin in your wallet. But you have to exhaust other options before you think of closing in on your bitcoin.

Now, what will you do if you did not see anyone to borrow from?
You can not stay in a hospital and still hold your bitcoin when you can't find anyone to borrow from to pay hospital bills after spending all the emergency funds you have, because staying in a hospital will increase the bills every 24 hours.
However it depends on the kind of situation you want to settle with the money you are looking for. If you do not see anyone to borrow from and you really need the money based on the kind of emergency you want to use it for, the only option is to sell a decent amount of Bitcoin you have on your portfolio and sort the emergency issues.
If you are a Bitcoin investor, you should also have a backup funds that can help you resolve any emergency issues that might come up in future. Am only saying based on my conceptions, as a Bitcoin investor you need to have an emergency funds.

The point is not just about not selling your bitcoin, it's about avoiding distress sell which could make you miss a near success.
For someone who's investing in bitcoin, there are chances of having another career which also generate funds. Taking loans for the moment could also be serviced with your other sources of income while stacking up your bitcoin for a higher market opportunities.

First of all, I no go advice anybody to go collect loan wey go worry am to pay, this is the mistake most people make when faced with the option of acquiring loan. Before you take a loan, you should be sure that repaying the acquired loan will not be too overwhelming for you, if your current source of income cannot take care of the loan in this case, the. There’s no point putting yourself under the pressure of taking a loan and struggling to pay it off, because in the end you’ll still end up selling that portion of your BTC to repay the loan with interest, so in this case, it’ll be advisable to sell that chunk and take care of your emergency and then afterwards decide to increase the aggressiveness of your accumulation or maybe decide to front load your investment when you have the money to in order to make up for the chunk you sold.

Another reason why taking loans look better is because the value of a single bitcoin can change your story within few days longer of investment. This opens broader opportunities to making it big such that even if you don't meet up with the payment of the loan with your other jobs, selling your bitcoin on a later date could be a better business strategy than a distress sell.

You are right, but in this case I will prefer to sell my Bitcoin to do whatever I have to do with money instead of taking loan that I will have to pay back with interest.

I am not against holding Bitcoin, but we all know it is a digital asset that only you will know where you will keep your private key, and once you are no miner, only people that have access to your private keys will be able to assess them, and if you keep it secrete just like many of us here, your savings and investment will go just like that; while if it is a physical investment, you people will be able to claim them; therefore, with your good health, hold your Bitcoin, but if you have Bitcoin savings, sell some part and solve any problem you have, then use DCA method to buy back whenever you are financially free.

I always hope that no one ever finds themselves in the situation you mentioned. We all should know more or less that you should arrange a special fund before investing. If you have a weekly or monthly income arrangement, then you must invest weekly or monthly. Your weekly or monthly fund should be arranged in the same way. So that you do not find yourself in such a situation.
If you face such a situation, then I think you should withdraw some of your invested money and face the situation. Because times of danger do not pass easily. If you take a loan in such a situation, then that loan will cause trouble for you. People invest in Bitcoin to make their future better. And if that investment does not work in your time of danger, then what is the point of investing? So face your own situation by taking someone else's loan.

Having a window of access to taking a loan to save your ass off your problems isn't bad provided you can be able to pay back in due time. Most business tycoons today will tell you that they resisted the temptation of touching their investment and took a loan in situations like in the op which they then worked their ass to cover the loan while their investment was growing on the other side. Financial growth in life goes with calculative risk taking and as an individual with investor vibes you just have to do the unethical some times to break into something large.

Honestly speaking, before you even think of investing in Bitcoin, you first of all need to get a reliable source of income so that you no go dy compel to fall back to your investment if things rough for your side.
Secondly, inside that your weekly or monthly salary or income nai there you go remove emergency fund and keep am aside, so that in case of any emergencies, you no go reason to temper with your investment.

So if as a Bitcoin investor, you don fail to keep an emergency fund wey surpose help you in times like this or your emergency funds no fit carry the financial burden at hand,  the ideal thing you surpose do na to take a loan wey you go pay back, because anything wey make you temper with your holdings, bro na one way traffic oo, you go find urself going back there every now and then anytime things rough for your side, so the best thing I go tell you to do is that, the loan options is more better, because once you start tempering with your holdings, you no go fit stop till it's finish.

It may be that the benefit of a loan without interest for a cycle is almost impossible. Although many people have idle money, but on the condition that they return it to you if they are trustworthy. I am optimistic about Bitcoin that you can expect the expected return from multiple cycles. Bitcoin will not give you money back every time it is logical and it is logical that you cannot deny the wave of increase in its value in the past and it is tempting you to be more aggressive. Many forum users predicted that it would touch $100k in 2024 and many considered it a fantasy.

Personally I think there is not best way in solving situations like this it have to depend on individual differences, I know of many people that that last thing they will even want to do is to take loan, they just have to owe people or someone. And there are also some who will never want to touch their investment especially bitcoin investment, so it depends on the kind of person you are. So to me if were in a situation like this I will sell my bitcoin and solve my problem because I belong to that groups of persons who don't like to owe people. I believe investment are meant to save you when are in a problem so why looking to take loan when I have the money to solve the problem.

Another key factor to consider in situations like this is how bitcoin is currently moving in the market, if bitcoin is on the pump then you will be force to take loan instead of selling at that period. So like I said there is no best way in situations like this it just depends on individual differences and their decisions.

Na true talk you talk here, some people wey don go borrow money wey ordinarily them for fit pay back without stress, them go come observe say when time reach to pay back, E come dey hard them to raise that small money talk more of to pay am. Although sometimes, some of these scenarios no be spiritual something, fit turn out to be say some unforeseen consequences don come up which of course dey very normal.

Some people why them dey encounter problem with taking loan be say, them go know fully well say with their current income level, no how wey them go fit use pay back the money and them go just zero mind collect the loan with hopes of miracle or magic to occur for them tomorrow. And when that time reach now, them go come dey run around like rat wey them put fire for tail. Na why our people talk say, “mouth wey some person dey take borrow money, no be the same mouth him go take pay back”.

Again, E depends on the kind of investment wey person do too, and your financial goals, na E go determine whether you go fit actually withdraw part of the money take sort yourself out. For example, if person get Bitcoin stash wey him Dey plan to hodl for at least 2 years, and maybe as him just buy am, Bitcoin price come drop small and the emergency come come up, Omo me I no fit advise such person to go withdraw money from there oo, plus, Bitcoin supposed to be long term investment, no be investment person supposed just touch anytime person get small wahala if not, E go take you longer than planned to achieve your financial goals.

But if the investment nah just one of these Altcoins investment, I fit confidently withdraw some money there take settle my wahala, because I no too trust altcoins profitability for the long term, anything fit happen at anytime and you fit lose everything so I fit collect money there anytime need arise.

This is a simple question that requires a simple answer. Bitcoin is not an asset that will always give you money, so you consider the possibility of it giving you money at that time. If this possibility is high and it will also give the money more than the loan you would take and the interest thereof, then it is wise to take the loan.

An example was the US election time, the ETF saga of 2023 or when the long-term pattern on the chart was undeniably bullish. But if none of the hopes is forthcoming, it would be foolish to take a loan. Just liquidate the asset at the time, then buy it back when you have the money instead of paying back interest on the loan.

Exactly and the risks that comes with it can be so embarrassing, especially when it happens that the person or company you're getting it from is not understanding and would go to any extent to embarrass you to pay up your debt, I've seen a situation where a loan company posted a photo of a lady, accusing her to be HIV positive and an internet fraudster and that friends and family should avoid her, imagine the shame and embarrasement such person would've gone through on seeing that on the media, such stuff could break her emotionally and mentally and it's all because she took loan and couldn’t pay up at the exact date of return, I'll rather sale some portions of my Bitcoin to sort myself than end up in such situation as that lady all because of taking loans.

Loan interest, profit at a cyclical growth rate, which makes a person economically miserable. When you have no way out in your crisis, lenders come forward to lend you money. Our brains are inclined to take a loan to cope with the situation. I think the loans we take to solve the problem later see that the profit of cyclical growth pushes us towards more economic stagnation. In this bull season of Bitcoin, traders have become very anxious to save Bitcoin and investors are always investing in Bitcoin in view of the high return in the long term. (OP) You can spend this money on solving your problem instead of investing in Bitcoin during this bull season and if your problem is serious, then if you have no way out, you can decide to sell your Bitcoin.

I think if the Bitcoin forum moderators introduce a low-interest loan system, Bitcoin investors will be able to repay their loans by purchasing Bitcoins on the one hand and on the other hand, they will be able to continue investing in Bitcoin investments on a regular basis. In this way, investors will be able to maintain their investment system in the long term and build their portfolio without financial risk.

It all depends on how urgent the issue I need money for is. Taking a loan comes with lot of risks and it's not something I would normally do but selling my Bitcoin could be the only choice I have. If you have a problem to solve with money you can just sell a small percentage of your Bitcoin and keep the rest. This is better than collecting a loan whereby you might be asked to pay back with interest. But not everyone would take this decision, we all have our needs so we can't make the same choices. But remember the risks of taking loans before trying to take them.

Op, this is a very technical question that need to be attended to. Firstly, no wise man will borrow when when you have a saving elsewhere to solve a personal problem.  Money is saved or make to solve our problems.  Taking a loan when you have an investment that you can sell and solve that issue is a burden itself.  So I'll advice you sell your coin if the problem is life threatening or emergency condition.  You have to be alive to save or invest. So sell your bitcoin and solve the problem.  Nothing should make you borrow money when your have savings.  Bitcoin will always be here for you to buy, when you finish solving your problems you can start investing in Bitcoin again.  So it's better you sell your coin than to take a loan.

And borrowing to invest for bitcoin i no go advice this kind matter because we know the way bitcoin matter be, no be something you go make money from sharply so the thing go better of we prepare instead wey we go borrow to invest. The thing better if you plan how you go take they invest, considet DCA and other strategy. And to borrow money for other things no bad but bitcoin if the thing no come increase na so person go just they wait and when the price no hit waiting you they expect you no go get choice than to sell to pay back.

And other investment they so as you they make money for every direction, and na then every body go enjoy there bitcoin investment because the moment you no get any other source of i come, you self go see say you no go enjoy the investment so he go just better if you know waiting you wan do before any other thing because when it comes to investment some people know they know waiting to do and the moment them hear bitcoin them self wan investment without knowing waiting bitcoin they about.

Well that's not a difficult question to answer, I will take a loan and solve the problem and pay it off gradually with money that I will earn from my other sources of income. It will only mean that I will temporarily stop my weekly or monthly DCA till I have repaid back the loan that I have collected. When I have completely repaid the loan, then I will start buying more bitcoin and adding to my bag. But one thing that I will never do is to sell off my bitcoin just to solve any problems. Although as an investor it is expected that you have a backup funds or an emergency funds that should take care of situations like this. If you keep running to your bitcoin anytime you have problems, you will run out of bitcoin holding, because problems don't always end.

It's never recommended to take out loans when you have investments that you can sell a portion of to take care of your urgent need of money. You shouldn't have a well and go to your neighbour to borrow water just because you don't want to fetch water from your own well but waiting for it to get filled up.

There are some people that have done the borrowing and succeeded in playing back but it doesn't work that way for everyone. The borrowing fit be the start of your downfall because we know say all this loan people no dey use normal eye do business including the banks too.

Some of them want make you they owe them forever and you no go fit pay so them for use you as they want or seize your property. Avoiding debts go do you better than taking on debts. You fit they hodl and still no live long to enjoy am so make you no dey over do things.

There are times it doesn't make sense to sell especially when the needs aren't urgent like when you want to buy a want and not a need, you shouldn't sell in any circumstances for that purposes.

If you manage your investments in the right way, you may not be exposed to such a situation. Thinking about such a situation, we should have a strong emergency fund and another fund, which is called a reserve fund. If you can build two such funds strongly, then you will not have to wish for or worry about such a situation.

Although such a time comes unexpectedly. If I face such a situation and if I have only two options left, loan and sale of funds, then I will initially prefer to take a loan. If the situation is such that I need a lot of money and I have to borrow an amount of money that I will struggle to repay or it will be impossible to repay in a few days, then I will prefer to sell the investment instead of borrowing if I am making a small profit or loss. If I am making a big loss, then I will take a loan for a few days and later sell the investment and pay it off. I believe that if you give Bitcoin some time, it will be able to turn into a profit. Taking a loan for a long time will never be a good move. After selling the investment, I will definitely succeed in investing, but debt will put pressure on your life.

In a case where a situation like this occurred, I have Bitcoin and as well has an option to take a loan, Firstly, I will weigh into the two options which one would put my heart at peace, so if I should consider taking a loan, I first have to know the interest involved, whereas in the case of Bitcoin,  does it involve me selling all my Bitcoin?

If the answer is no, Then, I may consider selling some portion of my Bitcoin if it will be of advantage selling my Bitcoin , Because not everyone has access to loan and not everyone has a collateral to take a loan,  so these are various thing I would be considering before my final decision, therefore either ways can go depending the one that would benefit me the most.

This very question perceptional base on individual for me in as much Bitcoin is like other investment where profit can be made at the end of the in investment there is nothing wrong for taking loan in as much loan can be taken to Carry out other investment which brings in profit, what the person need most to evaluate is the interest rate at which the loan is to be given and the number of years he desire to hold Bitcoin what will be of the loan interest rate and what Bitcoin will yield for the borrower the two difference is a determinant because you can sell of your Bitcoin why what the interest rate is not that much compared to the profit you can make in Bitcoin holding which will pay off you loan still position you in better height when the loan is considered the best option.

taking loans is never an option, it makes you indebted physically and mentally!
If your investments can solve a problem for you and you choose not to use it and rather collect a loan , then why the hell are you investing.
Why hold?
If your holdings can't beof help to you!

This is one of the reasons why you should have backup funds that you save in case of any emergency like this. In this case I won’t take a loan to solve my problem; I will just sell some part of my bitcoin to solve my problem, and then when I’m free, I will top up the investment, although that is why we work for the money: because of problems like this. So taking a loan when I have bitcoin in my wallet is not a wise decision, so I would rather sell some part of my bitcoin to solve my problem.

Most often I will rather take from my investments rather than opt for any loan, outside having a bad experience with taking loan. Like Charles-Tim said here selling our coin will not require us to pay any significant tax, not like some other countries and so I prefer this. Settle the issue with my bitcoin investment and then start planning on how to even get more investment funds, even if the price surge more or decline significantly and then, not ignoring the need for emergency funds in order not to find yourself in constant loop of selling your investments funds.

While after taking a loan, I will have that pressure of paying back the funds before the deadline and not ignoring the interest that will follow especially when unfortunately failing to pay the before deadline. Sometimes it will leave the person no choice than to even take another loan to clear the first one, especially when things don't go as plan.

You need to realize that your BTC holding isn’t for future Emergencies but to make sure you have a solid foundation, and selling off your holding to sort out an emergency simply because you’ve been able to make some little profits is a very flawed approach, except you didn’t plan from the onset to hodl for the long term, which is another error investors make with their BTC investment. First of all, BTC accumulation and holding should be for the long term, and within this long term period of at least 4 years and above, and the idea of selling within this period would affect the growth of your investment, because your priority should be building a solid BTC portfolio and to achieve this, you need to have the long term approach, plus you need to use the compounding theory, whereby every profit you make off the investment goes back in there to ensure a more rapid growth.

And secondly, you need to have a financial back up, like and emergency fund, even before you begin your accumulation journey so you have something to fall back on in the future when an emergency arises, and avoid dipping into your holding, but in a situation where there’s No emergency or other back up funds, the best approach would be to take a loan to sort out the emergency but before doing that, you need to map out a solid plan on how to repay the loan, even before seeking for the loan.

Money comes to everyone for a reason and for a season and if one is lucky enough to have patiently saved or applied DCA strategy to hold Bitcoin till now when it is at $100k, and there is a financial need to be met, I see no reason why one should suffer in penury or go into debt when they can clearly sell off their holdings even if not all, diversify some portion of the capital and profit so as not to become broke at once.
If the discipline to hold BTC to the current amount in one's account is there, it can be maintained with more effort and recovered in full to meet up any goals one initially had in mind.
After all, if one dies with much HODLing and did not spend it at all nor told close friends or family about it, it could become lost to the decentralized space forever.

Well just like you said this is just an imagination although sometimes we do encounter situation like this but the thing is, how will one encounter this kind of situation without having at least a little thing with him/her when you are an investor, it is very rare to see a bitcoin investor encounter a challenge like this and do not have atleast a little money with him or her. if i may ask what have the investor being using  to invest since and what kind of strategy is the investor using, we are ought to invest with what we can afford and what is convenient for us because of this kind of challenge so anyone who is not observing this, is already getting the investment wrong and lastly if at all a situation like this comes up and the person is stranded but have bitcoin in his/her wallet, if the challenge is worth selling the bitcoin to... then the investor should sell and..., after all life does not end here i mean the investor can still continue again but it is really going to take time to grow your investment back.

It depends on the situation, if it's an urgent matter that I need to settle and I'm still hodling and waiting patiently for  price of BTC to hit my target then I would take the loan with plans of paying back..not everyone would prefer to take a loan because of the inconvenience that comes with it.. before taking the loan you must make sure that you are aware of the risks involved should in case a huge dip projects..In a season Like this where the direction of the market Is somewhat predictable you can take that risk, but on other occasions I wouldn't advice anyone to do that.

First of all, what's the purpose of your investment? Secondly, are you HODLing till eternity? Thirdly, how critical is the emergency case?

The above questions determine your choice at such critical time. AFAIK, the purpose of every investment is to relieve you in trying time and make you independent. Having Bitcoin in your custody while you are seeking for a loan to solve emergency situation is as if your investment is not serving its purpose of relieving you in trying time. Loan has implications that are very harmful to your financial system. It's not ideal to request for loan in dealing with emergency situations that will not result in bringing in more profits. If you are scared of selling your bitcoin now to settle the situation, you might be forced to sell it at more worst market condition to settle your loan.

Again, we are not HODLing Bitcoin to heaven. No matter how long you intend HODLing, you will definitely going to sell someday. If you can not sell during your emergency condition that requires urgent attention as you said, when do you intend to sell then? At your affluence time? The right time to sell is when you need to and not when you don't need it. Although, cases like this depends on how critical the emergency situation is because the severity of the case determines your next line of action.

It's just a normal thing to me if one's trying to find their way out of poverty. No be new things for this country wey we go see some individuals who their family still dey struggle to meet their daily needs but they still wish to invest in Bitcoin. It's just a normal stuff if someone invest in Bitcoin but they have to understand that Bitcoin investment unlike the other investment to give them a quick money they want to get out of poverty. On the other hand, if dem still have the patient to hold onto their Bitcoin for a long-term because it depends on how long the person can hold.

But you know that some people do not care about their family situations, them too want to feel among those who are holding Bitcoin. But before we invest our money make dey remember that, is not advisable for someone who is not financially stable or have a good source of income to invest because we might sell at loss, when we need money to solve other problems.

The way some of the people’s take the Bitcoins investment as normal investment is not like that, because some people are even struggling to survive with his family’s at home and they will be having interest to invest in Bitcoin’s and by market is not moving that’s how you see them they live life has they don’t have anybody in this world again.

Invest in the Bitcoins it’s depend on the how your situations you leave, because people’s think Bitcoins is just like normal altcoins there unawre that BTC have more value the them those coins it more expensive that’s not everyone have capable to invest in Bitcoin.

Bitcoin investment is not for someone who is struggling in life to survive Bitcoin investment is not an investment where you will take a loan to invest on and shouldn't think of selling it you just started Bitcoin investment before you decide to venture into Bitcoin investment you need to have a good source of income also make sure you set aside your emergency fund reserve funds and discretionary income available so you won't sell out your Bitcoin hodling when emergency or unforeseen circumstances arises. Bitcoin investment is a long time investment and it should be money you won't be needing for long and don't take a loan to invest on Bitcoin that's a wrong approach of investing on Bitcoin.

Why going through the stress of taking a loan from the bank, that will give u a high interest rate that will be twice the amount of money you collected,since you have Bitcoin as a reserve,why not quickly sell it off to solve that problem that is eating you up and start your Bitcoin investment and accumulation a fresh before it gets to it's next prime,so that you will have something in your wallet, because no one knows what will be the next prime .
We sort for more money in other to live a comfortable live and meet up our daily expenses and not to create more burden for ourselves.
Loan is a liability while Bitcoin is an asset that appreciate with time, you will be surprised that you will not have to sell much of your Bitcoin to solve that critical problem of your and still have reserve, which you can now continue your life with.

It is always very good when it comes to investment having emergency funds aside will help you do better after investment so their because when you pray for rain you have to deal with the mud to because after investing you have to have money for up to spend after spending everything, because those that are holding for a long time this is what they actually need and you don't have reserve jobs than it will be better to just invest in something else ot even have a job and your monthly salary can be used to upkeep.

And loan will only be an option when it gets worst because their is nothing with taking loan for emergency because your emergency funds might actually finish, and what option will you comsider next will you say you will sell your bitcoin I don't think that is even advisable to sell your bitcoin when you can easily solve, with other options and that is one considering a lot of options is very important and we need to have financial understanding when it comes to money.

It depends what the problem maybe then I will know if it is worth selling my bitcoin or to take loan to solve it. There are some problems which you can go for loan and you don't even need to tamper with your investment. If it is a problem that is concerned with life, a problem that you need money to survive, I don't think it is wrong for you to get to the point of selling your Bitcoin because life is very important. When their is life there is hope to have more investment in bitcoin.

There's a reason why emergency funds exist so that one won't find himself in such situation , because going for lone and selling your bitcoin investment ain't encouraging though, so as you are accumulating trying to build your bitcoin Stashes always, set aside some amount of money for emergency purposes to avoid selling your coin too early when it haven't yield any profits.

Unfortunately isn't advisable to make decisions of taking loan,I know some people will consider taking the loan,although you took loan you know you are paying with interest,in a situation whereby you don't have any opportunities and don't have any huge financial income and you need a loan to satisfy your need,but do you know the paying back loan sometimes will ruin your life because paying back loan is a big financial commitment because you will try not to be in damaging credit scores and your relationship with the lender,so to me I will never in my life advice anyone to take a loan, you must not take loans to satisfy your needs,some opportunity some times you just have to let it go and try boost your financial income which is very important after that,whenever an opportunity comes like this you will just be smiling.

When you compromise your bitcoin sometimes it can leads to financial difficulties if you don't have enough funds to cover your expenses,avoid compromising bitcoin.

That's why we often advice that as we are investing in bitcoin we must be able to set aside emergency fund and also have a reserved fund to be able to sort your self out. The emergency and or reserve fund are like two layer protector against selling too quickly at any condition. So it is rear to find a suituation where you don't have any option than to sell your bitcoin to solve problem. But however if such situation arises I will advise you sell some portion of your bitcoin to solve somuch problem than taken loan. Afterall HODLing bitcoin is not HODLing for dear life.

I will sell of some of my holdings because that is literally one of the reasons I held the coins I had, I mean I held the coins so when I get profit on it, I will be able to use to take care of one of many bills and not just having to preserve whereby I'm suffering in the long run, it makes almost no sense for me, borrowing and going into debt which you would still probably pay back from your holdings even with interest doesn't sound ideal enough with me so I prefer I just sell off from there and taka care of the situation on ground.

Well said, every good investor should have a well planned investment comprising of emergency fund for emergency situations like this but just as you said at times the emergency fund might not be enough to cover for the emergency expenses and so you will have to look for other options which are taking a loan or turning to your investment. If that is the case then i think sticking to your investment plan is very crucial because these are the kind of situations we are likely to encounter and if you are no where near your investment target or how long you intend to invest then taking from your investment shouldn’t be an option unless if it is the only available option and you have no where else to source funds.

We don’t intend to hold forever but that’s why we should have it well planned out with a target to achieve, we own it to achieve a goal and we should try as much as possible to reach that goal. We don’t expect things to be easy for us, we have a whole life after investing and we should be prepared for these kinds of situations so if there is other options then we should consider them first before thinking of touching our investment.

Na waw ooh, how can a person have food stuff in house and still be feeling hungry? You know say that one no fit possible, I no fit dey hold Bitcoin and make I get problem and go take loan, that one no go happen, if na me I will sell some Bitcoin to get money to solve the problem, loan is like taking another risk and also adding another problem to the problems you get before.

Although some people go think say because the Bitcoin na waiting dey Don plan to hold for future but holding Bitcoin doesn't mean that when you have a problem should not sell it, I don't know about some people but for me I will sell some Bitcoin and solve my problem, if you take loan and solve the problem na so you will start to dey think how to pay the loan back and you will start thinking wey fit make you sick again.

Owning a Bitcoin does not mean that I should look at it while I am in a time of need. What if you are in an urgent situation, like a medical condition, and you are short of cash but owning Bitcoin? Health is wealth, you can't get money somewhere else and refuse to use it to fix a problem. To be honest, I would rather sell my Bitcoin than go to anyone else to get a loan. If you decide to take a loan from a bank, you will be charged interest, and you will still have a deadline to pay it back. You can't talk to someone at this stage and ask for a loan without first telling you their situation; they may even reply, "If to say na yesterday they have the money."

If I find myself in a situation where I have no choice but to sell my Bitcoin, I don't care if I sell it all because when there is life, there is hope that you will be able to get another amount of money and begin your investment. However, we do not pray to have any problems that will make us cry to anyone.

I truly believe in Bitcoin and crypto investment, and I believ in holding coins for future purpurses.

But make accoding our elders, 'Na who de alive de monitor coin for wallet'; if you have emergency, and have some coins in your portfolio, I don't think you should think twice than selling some coins to fix your problem, then keep holding the rest for any opportunity, and if you get the money back, you can use DCA to buy back all what you used.
Taking loan is not bad, but the interest is something else; therefore, it is better to use what you have to solve the problem.

The word hodl, doesn't necessarily mean that you should starve your self of money, when you need it. For a situation where it comes to the point of taking a loan, it must be serious. Like some have already said in the comments, BTC price is currently in an ath, alot of persons are already selling as this is the right time to sell as, price might come back down soon. Don't take the hold thing too much to the extent of taking a loan that will cause you no rest of mind as you get to pay back with some interest. Use you money to do what is needed as you will always have a chance to buy BTC.

No forget say na because if things Dry, make I get where I go fit fall back to, na why I Dey invest be that. If I get emergency, and I no get any other way to get money, na to sell my bitcoin solve the problem now, but if I go fit see person wey go borrow me, and no be say you go Dey add nonsense interest, then go just go for the loan, and I go Dey pay back small small, or I go promise when I go pay back.

Just imagine say person get health challenges, and him get bitcoin for wallet, but him no wan sell am, abeg no be person wey Dey alive Dey hold bitcoin? If person don die, e don turn family property, if dem no even sabi say you get bitcoin, e don waste be that.

This is the reason why you should not invest all your money in bitcoin so that you will not want to sell your bitcoin to survive, which might get you off the game, partially or completely. It is always wise to use the money you will not be needing for 4-10 years or more so that you will not want to sell your bitcoin to survive even though you are at a loss since the money is not allocated to solve your daily expenses or build up your emergency funds. It is also not wise to invest in bitcoin in such a way that it will stop you from sorting out your daily expenses because you will end up selling your bitcoin to survive.

Is only if somebody is alife will they be able hold Bitcoin, so if such emergency comes up and there is no other way for me to mprovise I will of course sell some of my Bitcoin holding to sort out the problem while I wait and work hard for more money so that I would replaced the amount I deducted from my Bitcoin, however don't be surprised that there are people who would decide not to sell even if they had no means to borrow the money, considering the interest involves in getting a loan I will not even think about getting it because by the time you calculate the interest you will pay and compare it with the profit impact on your Bitcoin within the agreed time of repayment you will see that using some of ur Bitcoin will be more safer for you because there are people who pays 70k interest or more for 300k loan for the period of three months or less, so do you think that the person will be able to see up to that amount on there Bitcoin for that three months?.

I guess you are just imagining this because of the current price of Bitcoin though this can actually happen to someone but just like they said every investor is supposed to have reserve or emergency fund to take care of unforeseen circumstances and remember one is not suppose to invest in Bitcoin with all he or she has and be begging for food, is abnormal I mean it's madness. However, if an investor should have an emergency fund and then maybe it's not enough to handle the issues and let say it's remaining small money to handle it instead of selling your Bitcoin you can borrow to pay back later but on the other hand if you don't have anything at all and the issues is so pressing perhaps one should sell off their Bitcoin or some of it insteady of going to borrow a huge amount of money when we know that our investment is not 100% guarantee and secondly Bitcoin is a very volatile asset what if after borrowing a huge of amount and it Dip massively and take a very long time to pump how will you pay back. So my friend, to me investment or Bitcoin is not running, you suppose solve your problem first and later you go still continue just that e go take you time.

This is the reason why emergency funds is necessary, so that whenever you are in such situation you don't have to think of selling or putting your hand in your Bitcoin investment, and most long-term holders usually have such funds just to avoid seeing themselves in such situation.

Because if you sell your bitcoin in the process you won't have the chance to buy at cheaper as you once did , so better to have a backup funds that will serve as an emergency funds.

Two things are involved here: number one, your investment is something that you will have to be patient with and hold for now because there is a possibility that you will get a lot of profit from it; secondly, for the loan, you said that it will take a lot for you to pay the loan.
 
So it’s left for you as the person to either go for the loan or sell your investment. But if it is for me, I will sell my investment to settle the emergency; that is, if you didn’t have any emergency fund left for you, because the worst financial mistake to do is to take a loan to settle your problem, because if you do that, you must have to pay the interest involved in the loan, but if it is your investment, you will just settle your problem without any disturbance or thinking on how to pay back the loan again, so as I said, the best to do is to sell part of your investment to settle your problem.

I will sell some unit of my investment to solve the problem because I can't face a problem that is severe when I have money in my wallet. Then what is the money for? Assuming I am jailed because of the issue or die because of the problem, who will take the funds? According to a native song, enjoy your life when you still alive. And as it is now, if you are selling, you won't lose anything because we are on the All Time High Bull Run. Even though it is not yet your target, you have to solve your problems because it is only when you are free and alive that you can make more money. Taking a loan will be more dangerous because you can't predict the price of bitcoin and if the price comes down after taking the loan and if the bear market last till after the deadline of the loan. WhY will you do at that time? You have to think the 2 ways to avoid issues in the future.

In the first place what was your aim of holding bitcoin if it isn't to make profit from it and use such profit to better your lot or solve pressing needs whenever the needs arises. And graciously if such overwhelming needs has to arise at this bull run period when I have already made some significant profits from the rise of bitcoin price to a new ATH at $93k even it it's predicted to surmount such number before by next year.

Taking a loan can only double your burden because loans comes with interests and in this part of the world where we are we all know how illogical the percentage interest amount are been attached to loans. Selling your bitcoin to solve your problem isn't a taboo as you can always have the opportunity to start stacking again at a good price dip. More pleasing to me than taking a loan.

Taking a loan instead of selling bitcoin is the best because i will become so angry with myself if i sell my bitcoin and after which the price skyrockets. Let's just take for instance, someone who sold their bitcoin before the US election to take care of an emergency need only to see the price soar so high to $90k after the elections, that will be the greatest regret ever, so it will be better to take a loan then i can pause my DCA till i have fully repaid the loan then i continue with my accumulation. I know that having budget for emergency needs in case of situations like this is important but there can also come times when our emergency funds may not take care of an urgent need which will still result to a situation of either choosing to sell your bitcoins or taking a loan.

We are in the state of economy where most people are in debt but at least, let people take up loans that they can be able to settle no matter what, I said so because some people don't think before they take loan, they could just collect a huge amount of loan without even asking themselves how they could pay back.

You're not meant to be investing all your life saving into bitcoin the first place, especially incase of situations like emergency... having your emergency funds at hand could cover that and at the same time it's a form of risk management( even though BTC is not some kinda risky investment)..
Thus, if your available emergency fund can cover the whole emergency situation, like CryptopreneurBrainboss said... "don't think twice"  get it out and fix it  there will still be opportunities to get in back ( if time permits ) and hopefully you might get a dip..

E dey very important to always consider this in every loan wey person wan take, i notice say to take loan from bank they accrue very high interest rate and before you know it, e don turn wahala for the borrower to repay both the principal and interest. Loan dey good oh, most wealthy people dey use am well well, but it must be a well calculated loan, with a structured method of repayment, if not, e better to use other mediums take solve your problem.

Don't think twice, if it's an emergency that you can't ignore or postpone the solution, sell and solve that problem. Problems that are left unsolved results to other problem so to avoid something like that from happening, go and solve your problem.

Bitcoin will still give you another opportunity to invest and when doing it this time, try to avoid using everything that you have on you. Emphasis on emergency funds because we ignore this part of preparation for investing too much.

You need emergency funds to prevent you from selling your investments prematurely. No go take loan oh because you don't know how the market will react.

The market fit just turn bearish all of a sudden and stays that way for the duration of your loan and then you'll have to borrow again to clear your first debts. Debts aren't good unless say you sabi use debt to work in your favour.

For me if am in a situation where am left with the option of either selling my bitcoin or taking a loan to solve an immediate problem, i will consider selling my bitcoin to solve the problem but i won't sell all my bitcoins. My reason is because, bitcoin is very high now and selling part of it to attend to an urgent need doesn't seem like a bad idea from my end because going to take a loan will require paying an interest of which you may not be able to pay back the loan which you will also be left with the idea of selling your bitcoin to pay off the loan and it may come at a time when the price of bitcoin might have fallen so if you decide to sell, you have sold at lost plus the interest you paid when you could have just used your own money when the price of bitcoin was high which you can even use to attend to the urgent need and still have left over you could keep till when the price falls and you buy back again.

This is a very tough situation to be in so there will hardly be any direct suitable answer. Rather than be in a situation like this, it is better to plan your Bitcoin investment such that a situation like this will never happen. To do this, it is recommended that the investor set up emergency fund that will cover unforeseen circumstances that will require money. With emergency funds in place, whatever could have made the investor to sell Bitcoin or take loan would have been avoided.

The first thing I go consider na the interest for the loan. Baba because eh get some kind loan wey you go collect,  the interest go dey too high pass even the profit you go make from hodling Bitcoin. I hear say some of all these local loan people dey use juju give money, so that you no go fit pay back quick make the interest the increase .

So if the interest no too much and from your predictions you fit make more money if you keep holding you Bitcoin, the best option go bi to take loan. But if you consider say the interest go too much, bro sell your Bitcoin use solve problem. Thank God say you even get money somewhere to solve emergency need. My brother for this country na, trouble no dey finish.

No one will wish for their investment to get to a point to whether withdraw from the investment and settle the issue at hand or even want to think of taking a loan to settle the issue at hand. Bitcoin investment necessitates that you have another source of income that should always come through for you in terms of emergency situations and when you don’t have that source of income it becomes very hard for you to settle issues like this when they arise.

I would have taken note and have another source to rely on in terms of emergencies but if anything of such comes up as an impromptu and I don’t have another source to rely on, I would gladly sell some parts of my bitcoin to settle the debt at hand. It is not even advisable to take a loan to me, we invest to have a life free of debts and be contended with lots of sustenance, so I won’t compromise my peace of mind for anything at this point, so I would rather sell some bitcoins to settle the issue at hand.

That is why i stated that anything you try to do should have a backup plan, which means you should have a source of income before investing in Bitcoin or any other business that would sustain you. If an emergency arises and you have no other option, you must sell your bitcoin to solve the problem; however, if you want to take your time and are confident that he will not cause you any difficulties before you repay, you may leave your bitcoin and obtain the loan to solve the problem. If I don't receive a loan, I'd rather sell my bitcoin to solve the situation, because I know I'll get more money to invest again, then taking a loan that you will be thinking how to pay back and definitely you will come and still sell the coin if you didn't have anything to pay back. so is better to sell then borrowing money and still sell your coin. When you don't have a source of income and investing you won't see the value because anytime problem comes you will definitely touch your investment to resolve your problems.

This is the reason why I always emphasize on the importance of back up funds, even before starting your investment  logically, one should have at least 3 to 4 months of your living expenses saved up for future emergencies before surely, Emergencies must surely occur and we can’t help it, so it’s always better to prepare for those emergencies to avoid such a situation where we’ll be forced to sell off our holdings to tackle emergencies.

And in the absence of an emergency fund and an emergency arises in the future, the most logical thing do I believe is to take up a loan to handle the situation and then sort for ways to repay the loan. Bitcoin investment is a long term investment and should be approached that way, even taking profits along the way would potentially interrupt the growth of your investment, that’s why we should always avoid whatever thing that’ll make us dip into our investments for financial assistance.

I think every person should have a specific plan to manage life. Those who lead a life according to certain rules are happy in their personal life. There is no such class of people in the current society who solve problems through emergency funds. We all know that our life is always involved in happiness and sorrow so we must have an emergency fund. Then we will be able to solve our problems with this fund. So we should make a specific plan and not sell Bitcoin.

In the current social system, from the lower class to the upper class, people are involved in debt. Although taking loans at compound interest rates is solving the current problem, later it is seen that they are falling into more financial problems to pay the interest on the compound interest loans. Therefore, in special consideration, I would say that if possible, avoid taking loans and create an emergency fund and solve the current problem. In this way, we can solve the problem through emergency funds without selling our Bitcoin

I'm definitely going to sell my bitcoin and I won't even call it a compromise as said. Obviously I've made profits while I was holding to to the bull and I've hit several Ath which ideally holders who'd want to hold their bitcoin up to the highest bitcoin Ath at this bull circle season may finally find their funds Dipped because since the price of bitcoin is unpredictable, no one can as much detail the highest rate of bitcoin, when it'd come and how long it'd last in a perfect prediction.
The goal is to make profit which I won't count lost if I've to sell my bitcoin to solve my necessary needs.
A question to ask, what if we take a loan and the market Dips that it isn't going to recover so soon and you're being indebted already and being expected to pay at a specific time, I guess you'd have no choice than to sell at lost then if if you don't, your debt interests would keep accumulating and your bitcoin value isn't going to assure you of recovering very soon since the market is volatile and unpredictable.
So I'm just going to sell and stay debt free. Considering the amount of fund required, I could still have some in my wallet to hold and spiking thriving to recover along the  bull run.

This particular question I don’t even think we need to deliberate on it for long because the answer to me is straightforward and it is simple which is why is investment done or savings kept, it is simply to help one in raining days (difficult periods) as such bitcoin holding isn’t also exempted from that. The only thing bad about selling off your investment is when it is going to be used for just things which do not hold water like spending extravagantly on maybe occasions or something’s like that.

When it bows down to one’s needs I think not just bitcoin it is better to liquidate your money and set your life straight. Taking loan sometimes comes with interest that eat you up, the only reason why top reach individuals take loan for even businesses is because it is cost effective when dealing with tax but where you don’t do that it is total unnecessary to take loan when you can simply just use your own money

If only I could figure out how best and possible way I can repay the loan, then as for me I would prefer take a loan rather than selling my Bitcoin, that's if the condition is much critical, perhaps this is one of the reasons a provisional emergency funds is always advisable to be built alongside side your Bitcoin investment possibly 3 to 6 months worth of your expense by definition which is meant to help you in time of an unforseen contingency of this such, even if it wasn't enough to cater for my emergency i don't mind taken a loan after figuring out how to pay back rather than selling my Bitcoin investment when I should be thinking of increasing the quantity that i have.

Shey our aim for Bitcoin investment na for profits ba. Ones that is achieved, peso go fit decide to sell their Bitcoin for their personal gains and reasons. I no fit get Bitcoin, and I d in serious need of money, I d think of what to do. I go first of all sell some part of my Bitcoin to raised money to solve the critical problem at hand.

Em no make sense I get Bitcoin, I go d consider taking a loan wey be sae my invested Bitcoin don already provided me some profits wey I d look for. Na to sell my Bitcoin first, you know why? Bitcoin can be reinvested in but the problem wey we get wey need money to solve, no fit wait to stay unattended to. Na so em come, we d make everything possible to get it solve immediately to avoid making the problem to grow bigger.

Before taking a decision in this kind of situation, you have to weigh the two options though at this point it's not easy to decide on what to do, as a hodler I believe you have other jobs you do, if you employed person I also believe that if you approach a loan facility considering your level at work, you may be getting the loan because the loan facility knows how they will get their loan back including the interest, it will even be easy for you if you are a Government or multinational company employee, but mind you people don't always be in this kind of situation because I believe as a hodler you would have some back up or emergency funds in your possession even though the emergency funds are not enough to solve the problem at hand, you would have to start from somewhere and I believe the remaining amount could be borrowed to sought out the pressing need, personally i dont see selling your bitcoin asset during emergency as an option especially when you have not reached your satisfied accumulation stage, there should be ways if not even though you yu consider selling your bitcoin at this point, you may sell lower than expected because of how inquisitive you are about getting the funds to remedy the situation, this may lead to regret as soon as you solve the problem.

Him no go regret anything and na because of people like him wey make bitcoin dey where e dey today, i dey talk about people wey believe in bitcoin from the beginning, people wey believe say bitcoin na currency/money, and they spent it or gave it out to others, in order to encourage them to use bitcoin. E dey wrong to dey reason say such people make mistake, they didn't and the community should be proud of their actions.

Some situations dey critical pass others and in Nigeria, everybody sabi say things dey very hard so it is not even a shame to say things get as e be for you, every body understand that level.

So regards to the critical nature, if na say person never chop or you dey owe someone money, Omo you no need to sell your Bitcoin now because the bull just dey start because dem dey speculate Bitcoin to reach around $150k above. So you can take a loan and invest if you can and hodl your btc till next year but if na wetin concern health, don't play so you don't learn in the hard way. Sell your coins to get your treatment because na person wey dey alive dey get btc, if you die without disclosing your passphrase to someone then your coins don go.

I think before one must invest into Bitcoin, they should also have a saving plan for emergencies too and by so doing wouldn't have to sell off their Bitcoin in times that you don't intend to. Before also take the loan, you should consider the amount and the interest, if it's an amount you can be able to settle within the given timeframe without touching your BTC, then you should go with the loan.

Judging by how bullish the Bitcoin market is currently at the moment, and depending on how urgent the situation is, I will opt in for taking a loan from the bank rather than selling my Bitcoin to solve a little personal or family problem, because with the high rate at which the price of Bitcoin has been skyrocketing ever since Donald Trump won the US presidential election, it's mind blowing, and I wouldn't want to be among those that will regret tomorrow for selling my Bitcoin at a lower price, just as the guy who sold 10,000 for mere 2 pizza many years ago, as I'm very sure if he is alive to see what value Bitcoin has turn out to be today, he will definitely regret why he traded a whole 10,000 for mere 2 pizzas.

First, i go like talk say e dey always dey important to get emergency funds, and if e no dey for fiat, e must dey for asset wey you fit liquidate without worrying about volatility or other whatnots. Na this kind of funds dem dey use solve any problem wey just show up. That being said, if i find myself for this hypothetical situation, i go take loan take solve the problem, but e go be low interest loan.

I will stand with Charles-Tim ideology here. Of what point is it that you will go borrow or take a loan when you have assets in profit and you do not pay tax for them when transacting via your local banks. Do you not think it would be better to collect your profit than going to borrow a loan which you would have to pay an interest on it when you can just take a  little profit from your investment since you don't pay tax for it compared to the western world were you pay tax for almost everything you do. 

It would be okay to say that a back up fund will be nice because sometimes when things occurs as a matter of urgency, the backup fund could serve as a rescue rather than borrowing or selling your assets against your will. Always remember that anything can happen and as such one would need to have an extra source of income so as to be able to remedy any situation that unfolds itself.

Indeed, it's better you convert your coin, you know it's your money, it's your investment, than going to borrow a loan plus interest rate and the drama that comes with a loan, its something one should not get into
 
Converting your coin, and hopefully the issue you need to solve is not going to take so much money from you, it is safer, then continue holding your remaining  coin, when you get more money, you reinvest.

It's that simple.

Although you are meant to have like a backup emergency fund for things like this, or a stable source of income for worst-case scenario, something like this happens.

But the point is don't put yourself at the mercy of an organization or somebody by going to borrow a loan.
It might not end well.

You can not have an investment like bitcoin and you would be hungry, it's better for you to sell your bitcoin for survival. Same is the case that you are talking about, since it's an emergency that needs to be solved it would be better that you weigh the outcome of the two solutions before taking action on the best solution to apply.

If you are working and your income will allow you pay up the loan installmentally from your salary without affecting your finance, you can take the loan, and when bitcoin hits 100k, sell some portion and pay back the loan with interest.

This is not a well developed country and exchanges operating in Nigeria task are peanut and some are task free. I go with the second option.

I'm not in support of taking loan taking but somehow it seems to be inevitable cause as humans we must undergo hard times as well as good times, that's why every human needs to work hard and smart enough to put themselves in positions that won't warrant them to take loans on a regular and always be in debt.
 However, holding Bitcoin requires patience and for a long time, I believe after a full circle or more but in a situation where my reserve funds cannot tackle the circumstances I find myself inside, then I could be forced to sell some portion of coins and holding to solve the problem but in a case where I've not invested up to a full circle, then instead of selling what am holding, I'll rather be forced to take loan from a close and trustworthy friend.

In an ideal case, an intentional Bitcoin investor ought to have an emergency fund that would have come into play in times like this so taking a loan or touching your Bitcoin wouldn't be an option you should be considering but then, knowing that life happens and sometimes, even with the emergency funds, it can't serve the purpose of the emergency to completion and you will have to make use of a source that's available then the easiest option would be taking a loan or using your crypto.

As a member of the forum that's capable of taking up loans at the lending board, I would prefer taking up a loan as the first option while keeping my investment intact. The reason is that the extra money I'm going to pay as interest at the end of let's say two months that it may last would be far less than the implication of selling my holding and then Bitcoin goes above $100k before the year runs out. It's going to be a huge loss on my side.

However, if the process of obtaining the loan looks cumbersome, there's no crime in using your Bitcoin holding to solve a challenge you're facing. I mean, what's the essence of owning an asset if you can use it to bail yourself out in times of emergency? You're not buying Bitcoin just because you want to leave it hanging forever, you've got to spend it at some point and if using it to clear off your emergency is the option, so be it.

Actually in a situation like this, I would think of taking a loan but if unfortunately no body could offer it to me I would then sell part of my investment.
However, it's very important that even before you start making investments you should have a backup funds for emergency cases like this. Although what would actually make me sell part of my Bitcoin is when the emergency has to do with life and death, other things might wait until I have money to sort them out, but when one is on the sick bed you can not postponed your health till further notice because if anything should happen to you, you can neither have access to your Bitcoin.

The reason some people will take a loan is because of the tax if they sell their bitcoin. The tax would be so much than taking a loan. Rich men prefer to take a loan in those well developed countries because of not to pay high tax in selling their coins and take a loan instead.

In Nigeria, have you paid any tax like that before? If tax is not your issue as I know almost everyone here are not paying any tax for selling their coins, better sell your coins than taking a loan. If you are working, start to buy bitcoin again instead of using the money to be paying for the loan. Bitcoin is still at high price and people that are selling now are selling in profit.

First of all, anyone having a bitcoin investment should also have a back up funds for his bitcoin investment which is known as an emergency funds. This is the funds that is used for the kind of emergency that you mentioned. However, in such a situation like what you mentioned above, I will sell part of my bitcoin investment to solve the problem, because I don't think that the problem will exhaust all my bitcoin and moreover my investment is on profit with the current price of bitcoin. You should also note that it's the size of your bitcoin investment and the loan duration that will determine if taking loan is the best option.

I decided to come up with this topic now cause it will be very vital to know how some people cherish and how they can handle situations in their worst times. I see the way investors and traders are being happy the way Bitcoin is causing waves in the crypto market and running in a bull run direction.

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.
Remember no money with you and consider how u would work and strive to have such a huge amount to pay back a loan.
So which is ur option, compromise ur Bitcoin or take a loan and strive.