Bitcoin Forum

If lots of your money was spent on cryptocurrency,
but now something emergency happened,
you need to withdraw those money,
while at same time,
if you hold still, there may be considerable profit in the future,
At this situation, What you will do?
follow us on https://t.me/DAGTofficial (https://t.me/DAGTofficial), and see what we gonna do~

We invest and save for emergency purposes only. If its emergency related to health then there is no other option then to cash it out.

If you can arrange and take loan then its better as crypto will give good future outcome.

Rest all depend on your gut feelings.

Well, it’s always advisable to never invest all your saving in any market. You some keep some of your money or at least invest them in some very liquid assets so that you can meet some emergency situations. That is why it is said to diversify your assets and this must also be done on  the basis of liquidity. Now you can do is sell your crypto is your investments are in profits but if you don’t want to lose future profits then you may take loan from you relatives, friends or banks

I usually cashout if I am found in such dilemma. To take a loan will attract interest and if the cryptocurrency I am holding also reduces in price for a long time ,I make double loss. The best is to sell part of your holding to settle emergency

It is a big risk to invest all your money in crypto, because if emergency arise just as you said we wil be left with no option than to sell your investment. Because you work to earn money to solve you problem when the needs arise.

If you don't have any choose just like what you have mentioned, if its for emergency then we can't do anything to avoid it, crypto is to risky that's why its better to invest your spare money and not to invest everything at all, so in times like this you still have good alternatives instead of facing the loses and the hardship of accepting that amount of loses,its need to assess everything first before placing your money, the acceptance factors always hunts us after we experience mistakes and loses.

If it is emergency then what you waiting for? You should be dumbing your coins right away and get whatever fiat you are getting at this time. The emergency is what for we are earning the money. Otherwise we can live happy life without money, we get free food from the nature, shelter from the rocks and air from the surround. What else you need anyway to live happily?

In todays world money has more importance but its upto you when to give it that much. Emergency is something related to health, debts, etc and they should be cleared up first to live further. So no point in holding.

There is always the ballsy option of using your crypto as collateral. Would have to weigh up the risks of the market dropping and getting liquidated, but does mean you could keep your investments alive, and possibly even pay back less than you borrowed against. Only for the strong of heart though, I'd be tempted, but probably decide against it in the end.

If it is not an emergency related to health or something that you cannot solve without money, then I would sell some of my coins for liquidity(coins that will give me enough money to solve the problem at hand) and leave some of my portfolio untouched. I also advise that you don't take a loan if you can solve your problem using your current stash. Taking a loan from others isn't always a good option as it might bring you problems afterward.

This is the reason why not to invest all your money and its not also good to depend on this. People should realize the importance of having an emergency fund because it can save your investment and possible future profit.

Just sell, not a good idea asking on a crypto forum as you'll always get people offering stupid advice like getting yourself into more debt by getting out loans so you can hold your coins. Play it safe, take the cash and deal with the situation then come back to crypto.

I used my free money when trade on crypto, trade with the money that I already to lost them. So I must save money for the future needed.
If I need money for emergency, I just withdraw it 50%. This is reason why don't invest all of your money also.

Of course you need to sell your crypto and settle the emergency situation, you maybe losing profit for future which you don't know whether is going to happen or not, but the emergency thing is happening, so you need to be logical and settle the problem, don't because of afraid losing profit you act foolish and create another problem

If you need of money urgently then better to sell off your cryptos instead of borrowing money from others for the interest because if prices again go back and if it takes time to recover then your situation will be worst.

That's why experts always say that people should invest only spare money in high-risk investments.

If Iam on that situation,  I try to keep hold the coin for long term investment and move that coin to other coin that has more potential. I don't want loss in crypto because this is make me depressed,  I still believe crypto market will grow  in next  a few month, only wait patiently we can recover loss and make some profit. And if I need fiat money is better try other way to get it, and not sell crypto in loss.

This will depends on your savings plans. Normally even you needed money there are money separately budgeted for emergency cases or what we called emergency funds. Let suppose you do not have allotted money for emergency then you might consider portion of your savings in cryptocurrency since you already said that many money is invested in stocks. After using the money if there are ways to replace the investment then it will be good practice for investment.

You can always use your invested money in cryptocurrency in something that really important for emergency cases. Otherwise, this is a lesson to be learned  that you have to save money separated from that of your investments in crypto. You can still gain profits in cryptocurrency if you missed the opportunity back then after selling your coins, timing at the market is all you need to gain another chance of profits.

I advise not to spend your money on cryptocurrency, leave your money for savings and daily necessities.
savings money you can use for emergency situations, so you do not mind whether you want to sell or not your existing investment in cryptocurrency.
if your investment is lucky not your problem selling but if your investment is reduced even want to be sure if in an emergency still you sell.

Don't if you will be liquidated then just why not give it a chance to recover what you've lost because i can assure you with a bit of dedication you can actually gain back those investment you did on cryptocurrency but there's always a chance of you not actually recovering it.

You should thought of that when your losses are still small. You must have a great regret from all of that losses now. You should control yourself and not the market.

It all depends on your circumstances and the way you are planning the things. In my opinion, it is better to stay patient and that not to go for selling of the coins which you are left with as doing so will take you out of the crypto market and that you will not be able to make any effective earning later. You need to wait for littlelonger before making any final decision and that you need to go for a plan which can help you in recovering your loss.

it seems you do not need to sell the assets you have that you need just waiting because I have experience when you sell suddenly the price increases.

that is why at the beginning always use the money you can lose, but if it is an emergency for example about your health there is no reason to hold it, depending on how important the need, or you can try to borrow money to the bank, or your friends if possible.

If the lam player who traded in Crypotocurrency since 2015 to the back, maybe they kept the Bitcoin.
Because for them Bitcoin is not a matter of money but a matter of trust in a digital wallet.

If something emergency is happening then of course you need to cash out, what for you got a lot of money but you are suffering, we can still make profit next time, but some emergency case will makes us losing something valuable, in this world there are something more important than money

It really depends on your situation. Are you desperately in need of fast cash and see no other options (usually there are options, like starting a business - check out someone like Josh Tolley on entrepreneurship). Or, if you've made a good profit, and you're wondering if you should cash out or HODL, then a good option could be to cash out only to make back your investment, and then the rest is pretty much free speculative capital, and continue working and investing some. If you've lost money and you're wondering if you should do either of the two options above, then really that's anyone's guess. A lot of people believe it will go up over time, but then again it's very much driven by news and large investors. There was that significant dip when the SEC made their decision on the Bitcoin ETF, so maybe more bad news could drive it down even farther, or perhaps some spectacularly amazing news could perk the price back up. Also, on a side note, another thing to consider is charity through crypto, like Ripple, Coinbase's CEO, and others have done.

Hope that helped :)
The Cyberius team

If there is pressing need  to be attended to,  why would you hold off on selling the coin that could meet such need!  If you refuse to meet your need especially if such need is food or shelter,   you may not live to reap and enjoy your profit if it materialized in the future!

both of this two suggestion are great for safe keeping our capital,selling our crypto and holding because of bleeding situation in the market but in my decison making its better  to stay in Hodl,and waits someday thats market would  become bullish again,actualy its hard to predict now when this coming,but hoping and still believing in crypto could make burst our positive thought about digital currency investment.

You should consider the potential loss of profit versus the cost of the loan. In some countries a loan could cost you up to 30%. If the paper loss is 10%, then cash out and take care of that emergency. But if the loan is only 4%, then it wouldn't be a bad choice.

This is why it's always better to diversify as you said. Something will be profitable so it can be cashed out at a time like this. It's like a product rotation: something goes in, another thing comes out. There's always something fresh on the table.

This is was my experience 2 years ago, i have 7 Bitcoin in that times but because i need money for emergency situation and then i sold it all when the price $500, but finally after a few month the price keep going up and moon shoot to 30 times just in 1 years, so this is my big mistake ever. So if you need emergency money is better, sell others asset and not crypto, because crypto will going up again later.

Are you asking an opinion or doing a case study?

Cause this is a classic dilemma and has specific answers for specific individuals.

Not good to quantify all as one.

I believe it has become very much common these days to HOLD whatever you have when you are on the verge of loosing money. However let me add up a point here, HOLDING also works best when you work on proper sell orders. Meaning, if you think that you have already gotten 2-5% of profits but in the next step or timeline that particular coin is going to dump itself badly then its the right time to sell the coins immediately after that. Better to take those small profits and prepare oneself to invest again when that coin drops below its max price. Thats called as compounding of the crypto currency where you re-inevst your profits and make more money.

You can sell some of it for liquidity, you can also used it for reinvesting other coins. But for now it is good to hodl your coin/token cause the price in the market for now is too low but when the market pumps then you can sell it immediately. You can use some for trading to earn a big profit.

This is why that, its not good to invest all your money on cryptocurrency. You need to save for the rainy day as emergency can crop up at anytime. You need to plan your investments wisely so that it does not affect you

This is a difficult choice. If something is urgent, then I will withdraw my money even in a loss. But if there are real assets that I can sell, then I will choose to sell assets rather than exchange crypto with money.

If you have lots of invested money here in the Bitcoin then you are a very precious person of high value because it is hard to achieve it on such price. However Bitcoin gives us the opportunity to invest in its low market so best decision is to choose low market for investment. If you want to sell for liquidity then go ahead but the market should be of high value and not low market.

That happened to me, but luckily I had enough money for emergency, you should never play with all of your money always consider such emergencies.

For better dont sell crypto in loss because we have still have times to recover it and bull run will be coming and if you need money right now you can looking for others way to get it, or just sell about 10% of crypto that you have and others you can borrow in the bank. Sell crypto in this situation will be make loss much money and we will miss other opportunity to make big profit in next bull run.

Crypto market still have potential for bullish, so its better keep hold your coin and dont sell it in loss.  Because all crypto already going down between 70% -90% , so when the price going up to the peak price we will make alot money. If you need money,  better sell others asset but not crypto.

This market is full of risk,  though we most take risks in other to be able to make money.  If you are losing and you sell at that price then you should expect bitcoin to losing money.  Trading bitcoin and altcoins market create opportunity for people  to make money and lose money.

It means a lot of people still don't know that money they used in trading or investment must be free money, i talk about money that we really not use even anything happen. To avoid that mistake, it is about ourself, we must know how to split our own money into many pieces.

I invest in electronic money to make money. Even though I know that keeping them in the future will probably double your profits. But if I pay high price, I will sell the bitcoin I am holding. I keep them for a long time but no words because bitcoin prices are falling.

Sure, there is that risk that will always be there, but the thing is that despite the risk, what you do about it is what matters the most. Trading, investing and making good decisions when it comes to any of them only has to do with how knowledgeable you are in most cases.

As long as you are able to learn, you will always be able to identify those opportunities that abound in the market and take it, and even be able to as well manage any risk that you get to see as well. It is the lack of this knowledge that has made a whole lot of people to end up screwing up badly either in their venture in trading or investment.

Lol as if you can help us incase of emergency situations

And besides this is the problem if you are pretending to he a holder but the truth is not,being a Crypto holder you must be spending the money that you can spare,meaning you must forgot about the capital and you will only withdraw in the right time you alotted unto this.so you will be ready

I'm assuming that you have bought your coins at high price. Now, the market has been in the downward trends since January, the question now is how about the invested amount if the market doesn't show any significant rise. This is the problem now, are you ready to lose your capital to avoid further loss?

Whether it is free money or not, I believe the best thing for anyone to do most of the time is to gain knowledge first as that is what would determine how you are able to maximize even the little you have into something more in the long run. As long as you have great deal of knowledge when it comes to trading and risk management as well as money management, you will always be able to make great decisions without having to panic in the market at any point in time. It is only when you do not, that makes it a whole lot hard to not get burned eventually.

I do see the problem of OP is just due to lack of proper planning. Yes, he might have planned for some other income streams for his liquidity. He should not have expected quicker returns out of cryptos. A crypto investor must be able to wait infinitely, yes, if he is unable to do so then it would be much better to skip cryptos for considering investments.

In most cases, things like what the OP asked are always dependent on you as a person. Considering the fact that there is a likelihood of sometimes tending to need some things to want to get done, and the only means you have is to pull out of the space, then I really do not get to see any other choice if the stuff cannot wait.

Apparently, for what it is worth, there is still always a chance to buy back in the long run, if you are able to know how to monitor the market. Comparing May to now, there have been some fluctuations and the market has gone lower, but in most cases, the choice is always in the hands of the individual and in that kind of scenario, I do not even think it should be asked in the first place.

This totally depends on the person and the situation of the market. Let me rephrase your last sentence, "Are you ready to let go your capital to avoid further risks and "opportunities"?". You see, I used the word "risk" and "opportunities" instead of just "loss". Since, holding your capital does not mean that you will be losing further in the future. The market is unpredictable, and selling off your investment means you are giving up the probable opportunities to make profit.

maybe the person is stuck in a purchase at a high price, now the market has not recovered so maybe this can be used as a way to become an experience. when investment is losing now it may not be too forced to be in crypto, this is a process that must be carried out and done according to ability.

Incase you lost of your money and emergency you need a money you can withdraw if anytime you want. But I suggest withdraw only the money that you badley needed because incase the price of the coins that you have increase again possible also you get back your capital or even little money.

That is one thing a lot of people do not always tend to get most of the time. They see a space that is growing and developing, they hear a lot of people are getting rich, they want to key into that, but they are not ready to try as much as possible to understand the space before getting in and then they tend to make silly mistakes like over doing things, or putting all their life savings, joining FOMO all because they are looking for quick means and then before you know it, they are panicking and looking for a time to even be selling at loss. The best thing is to put in what you can afford to see go down, have an understanding of the market and never get caught up in FOMO, take advantage of the dips and you will always be better off.

If we look at this in broaden view then it will clarify everything like if liquidity decreases then volatility will increase and when liquidity increases volatility will decrease so we need increase in number of participants in the market. This will happen only if number of people start investing here in the Bitcoin either with big amount or small amount liquidity will increase that will result in stability and increase in price without any downtrend.

I totally disagree. If you are in dire situation and needed money then why not withdraw everything. What's important is the current situation, you needed all the money that you can get specially if its a life and death situation and totally forget about your investments.

Money would come, believed me. You can go back after everything's clear and if you have still some extra money then obviously you can buy and re-invest it on crypto and wait till it made a good ROI, rinse and repeat. That's why we have this old adage to invest what you can afford to lose, so that in case of emergency situation, you won't simply pull your investments and liquidate it.

Of course that is one of the best and most important things that need to be kept in mind before investing in the crypto. You just disturb your investment plans and strategy if you consider the money you have put in crypto for emergency.

This should not be so. Those who let the money stay there for long reap its profits as well. In addition, one should always have extra cash for emergency that would be used rather than cashing the coins back in the down market. It shows the investor is not making rational decisions.

When there is an emrgency need for money you have to sell your money don't look for profits at the emergency situation that is what my opinion here.But it totally depends on the person and their character there are sompe people won't lose their profis even for the medical expenses of their close relatives or family person.

I think it depends on if you believe in yourself or not. If you believe that when you liquidate your position and than trade your way back up than yeah you should do that, if you do not know if you will achieve that than don't. If you are a great trader than you can sell and than use that money to trade other stuff and work your way back up to what your bankroll use to be and that way you will still profit during these stagnant markets.

However if you just wait whatever you have could also rise with a bull market and make your money back. Bad thing about both sides is that, if you sell and trade than you may fail at that and lose even more, however if you wait than you are holding the same coin without profiting anything from it (thats why I prefer masternode coins because they yield or stakes at least). Try to decide how good you are trading and you will know the answer.

The idea of even being in this space is for the long term and that is basically one of the reasons why a lot of long term holders are still in this space at the moment and they have been able to reap the benefits eventually. Moreover, if you cannot see the future and invest because of that, all these will always be a problem to handle for such an individual, most especially when they just see this space as just some hit and run, get rich quick kind of thing. If you have invested lots of money than you can afford to see go down in the short term, then, that is a problem, but the only solution to that is to just believe in the future and wait for it.

Investment in cryptocurrency can be a life changer. Do not sell all your investment nowadays because the market is on the floor. You do not need to rush everything because it might grow backwardly. The best thing must OP do is to find a source of income and stay away from his investment. Look when you will see it grows, you will become glad you hold it.

If something happens and you need to divest in order to attend to a very serious issues in your life,  definitely you will have to sell in other to be able to hold another day!  It is only when you are in the right state of mind that you can make decision to hold!

I also investing in bitcoin and other crypto coins that have a potential and reserve as a coin for me. Maybe in the past days will increase the price and  earn a lot.

Everyone wants to be able to return to making money, but the market is in turmoil and investors are feeling disappointed with the value of the current penny. If you sell now, this would be a stupid idea as this is a time for people to buy and be able to make a profit in the future.

I know sometimes, life can deal us with things far more than we can handle, and in such cases, we may just have to sell some of our investments, even at loss, just to get that solved, and most especially when it has to do with life threatening issues.

However, it should always be known that for most part of it, unless it is an emergency that is far beyond someone's capacity to handle, then the person can sell, if not, knowing that the future of what I am holding is top notch, and if I can look for means to rally round and get things done, it would not be a bad idea.

You have to have a back up plan for everything you expect to counter in future. I in the first place prefer to have funds allocated for emergency that are there despite what the situation is. The rest of the money you have should be apportioned among the needs and the saving for investment should go for the business.

I do not favor the loose economic decision that ultimately will leave you drowned. One has to manage things without thinking about the money invested in business. This is normally the start of getting unemployed if you sell a part pf your business for money.

It is difficult for crypto viewers to work full time. It's too late for you to sell and cut the hole. I recommend finding a job as a source of income and keep track of the market. Good luck

Hope that this guy will follow your recommendation. The stable job is what he needs - the fellow can hold his cryptocurrencies and do not sell anything. The job will be a good source of an income.

Why would anyone invest most of what they have in cryptocurrency? That’s a huge risk you’re taking, so I’m not going to click that link to read whatever article you’re referring to, it would be best if you copy what written there and post it here. And I will never be so stupid to invest all my money in cryptocurrency, it’s best to invest about 5% to 10%, or even less than that, cause I know some people that invest just 1% of what they have.

If you can borrow from other sources then i suggest you shouldn't sell. It would be better if you continue to hold your assets, if there is no other option then sell some but not all your assets.

Well, if it is medical emergency then you don't have much option but to sell your coins. I would recommend you first exhaust all other options before going ahead with this plan.

If holding when the market is going down will assure profit then I think it is better to invest now.  I think we should learn what you group have to say in other to be able to make an informed investments decision based on what you saying.  This time last year we don't need to advise any one to hold but today that has become necessary.  I believe that this time we  should learn many ways that we can take the advantage of the cryptocurrencies market and make money from it either it is going down or up or bullish or bearish like it is in forex market.