Bitcoin Forum

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

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

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

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

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

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

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

Situations like that don't even require a second thought; sell off and solve the problem. That's the most important part of saving: for our savings to save us in the future in times of need. If you keep on calculating whether or not you are to stake your savings over saving the girl's life, you might end up regretting your actions for the rest of your life. 
Your question is just so unreasonable. The answer is yes, sell and save the kidnap victim. You can save up with time. 

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

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

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

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

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

lol.

Why not ask this question on Nigeria local board?

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

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

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

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

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

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

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

Sandra 🧑‍🦰

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

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

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

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

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

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


Why? No, am not confused 🤔.


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

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

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


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

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

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

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

Where's the logic?

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

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

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

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

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


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

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

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

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

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

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

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

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

There isn’t enough money in the world that’s worth a life. OP put yourself in your friend’s shoes, what will you do in such situation? Would you let your sister die in the hands of criminals or try to save her life. No matter how attached you may be to your bitcoin hodlings, I believe you will choose the latter because you can always make more money in the future but you can never buy a life. Your friend has two choices, I suggest he takes the decision he can live with.

If it involves the safety of any of my family, I would do anything for a heartbeat. I would not think twice if it was a set-up as my first priority is to know that their presence is safe and secured. Thinking other things rather than their safety is the least of my concern and I would do every step just to see them alive.



There is a reason on why my funds are on standby for emergency situations. In the event that I needed money to pay for any emergency medical bills that my fiat could not pay, I would definitely use my BTCs as alternative for cash in a heartbeat. What is the use of such BTCs if I could not use them for actual emergencies?

Well, you're right your child can not be in the hospital and you hold your investment still. Why I throw this question out here is because people have being begging this man to sells anything he has and pay the ransom for the sister but he keep delaying. I met him myself, explain to him that life is more precious than any savings why not do all you can to save your sister life, if it means selling your coins but putting strong feelings for bitcoin, that the money he has is on bitcoin and he never plan of selling it since the price is against is original purchased price. And to him even if he sells bitcoin the ransom money will not complete. This why I was thinking I can get more response that can help the situation.  Thanks

I'm wondering, why isn't he considering reporting this to the police? Without a lack of empathy, I'm sorry, but it seems like a soap opera comes straight from the television. If it's necessary and he can't ask for others help, then why does it need thinking twice? He needs to save his child for life, which cannot be compared with money. Does he feel okay if something bad happens to his child after deciding to keep his bitcoin? Money can be searched, but lives can't.

OP, you don't expect me to come up with life and dead issue as friction. Kidnapper can not demand for crypto since they didn't mention they're after your coins, also crypto transactions is traceable to your identity, you don't expect people who hiding their identity to ask for bitcoin that contains details information of the receiver. What will benefit to lie with life, pls don't always see my post as a lie, only seeking for advice. This case has reported to the police over a week now, one thing we must understand each country's policing and security tells how fast they easily handles such situations. Sometimes after a while police will get tire and even advice to negotiations for the ransom, like this case police are aware of the ransom but the man could there not mention he has bitcoin since is ban by law. That's the most challenge he has, if he sold and bring out the money will ask where he got the money! That's why were fishing out for counseling.

I don't know about you guys, but this smells like a bullshit story to me, with the only purpose to fish a merit or two.


Let's say for the sake of argument that you what you wrote is true. What kind of question is that, you think that there is a dillema whether to sell bitcoin and save your sister life? I am sure glad that I am not your brother lol.

By details information, I guess you mean public address because I really can't think of any other information you're referring to.

Do you even understand how bitcoin work? Do you know anything about decentralization? Is seems to me that you lack the knowledge of decentralization... If the kidnappers have some knowledge about Bitcoin then they should be able to complete their operation without doxing themselves.

Everybody confused really? For a decision that should be straightforward, you did not do a good job Fabricating this story OP.

 No matter the value of bitcoin even when it sets a ATH tomorrow, it cannot still be compared to the value of a life. If selling your bitcoins is the only option to raise money to save the kid, sell it! You already know what bitcoin is and although it may take you some time to gather back the amount of bitcoin you will loose to this, it is not impossible.

If he really needs the money, he can sell his bitcoins even if the amount is still lacking. Maybe we'll sell our bitcoins when we need money and that's what the guy is supposed to do to save his sister.

But I don't know. We don't know the actual situation and can only give advice based on @OP's story. But he must try to save his sister if he is truly needy and only has bitcoins.

It would be like what I did when I sold my bitcoins to make ends meet for my family and me daily. I have no regrets because I need money to buy my family's needs.

That is the point for having extra money that are stored in Bitcoin, so whenever we need funds for our needs we could always get a backup money. It can be a small amount of Bitcoin depends on your need for you to still have extra Bitcoin for investment.

I would also do the same, I can't be proud of earning at Bitcoin if I couldn't even use it to help the needs of my family. OP situation is understandable and anyone could relate if they were on that situation.

What kind of stupid question is that? Selling bitcoin to save a family member? That's just ridiculous.

No, no, no, the only logical thing to do here is to sit back and wait for a miracle to happen. Maybe the kidnappers will have a change of heart and release the sister without the ransom. Or maybe the man will suddenly find a pot of gold at the end of a rainbow. Who knows?  ::)

The situation  that require saving of life can warrant selling of btc at whatever price it may be. One thing every good investor must bear in mind is this  " there is hope when their is life. Even the kidnapped after been released can invest more on btc and make unprecedented Fortune from it. We must put life as our number one investment, then every other investment follows.
My advice is for the man to pay the price of saving the sister and strategies on finding the master planner of this evil. If he eventually finds out those in charge, it become easier to recover from the losses. However, if he didn't find them, let life continue and strategies on how to continue with his investment plan. Things can turn around at any instant("this is the spirit of an investor")

This thread and a few others I've read on this forum have some similarities. The only difference, after examining the specifics of your post, is the narrative. There are numerous other threads that address the same issue, but I can clearly recall the one below: https://bitcointalk.org/index.php?topic=5430877.msg61477423
OP Even the comments on this thread mostly reflect the responses you received.

Will you ever forget that your mentor's kid was kidnapped and never existed in your life, if Yes? then bro you have become a slave of money (not accusing), Safety of loved ones is all we need. And why are you so excited to ask about our situations of selling our money, every person faces situations where they have to make hard decisions like some person giving his kidney to his loved ones, etc., etc. and you are worried about BTC. Bro, You guys should talk with the authorities about it and not be confused with your neighbor's thoughts because the number of mouths is equal to the number of solutions (not the right ones).

That's what i was thinking because many of the questions being asked nowadays are more likely to be a part of the survey, Like, how many bitcoins do you have, Which wallet is you use to store BTC, or any other alternative of it so that they could get information out of you and this is the most easiest method i have seen.

I hope the OP is fake and his question is to get attention because as other members has reflected to his post, he must get an idea of how important money is or not if your loved ones are in danger then i don't think BTC is more important than them, You

I can't answer your other question but the question about if I would sell my Bitcoin when there's an emergency and I don't have money left (cash/fiat currency) except Bitcoin then I would sell it because it will be helpful for me to solve whatever I am facing. Once it is solved then I will start my journey on crypto until I have the same amount of crypto that I have spent for an emergency. We don't know that we might have another emergency and other important expenses.

Well, the man's case is quite a sorry tale because as you said, even if he sells his Bitcoin, it wouldn't be enough to pay the ransom. He should pray so that things might level up, turn around for good or better still he gets a helper who agrees to lend him or dash him such an amount. I doubt there is any lending platform available on the crypto currency space to come to his rescue and even if he tries out other fiat banks, such amount would be too ridiculous to lend out.
This would also be a good time to alert security operatives on the situation and hope the situation is settled before it gets out of hand.

It is a critical situation so you just have to think of one thing, which is save a life first before thinking of something else.
Before the bad guys start making any move on this particular person, they must have gathered all useful info before carrying out that operation on kidnapping the girl. My advice is just forget whatever amount of money or Bitcoin you have and do the needful, which is save the girl.

You know, situation like this does not need deep thinking anymore because you would not want to chose bitcoin over the life of your sister. So selling would always be the first priority so you can save your sister from the hands of the kidnappers. After that, when the problem is solved, you can start saving all over again, I guess that’s never a problem in the first place.

I can't help but chuckle at why the OP asks this kind of question in the forum. This is entirely a Nigerian movie that never happened because the OP won't tell me that the person who introduced him to bitcoin is debating whether to sell his bitcoin to cover the money the kidnappers are asking for in exchange for releasing his sister.

To begin with, this is absurd to consider. Humans cannot rationally compare the value of bitcoin or any other item to the lives of their loved ones. It seems like the OP and his friend forgot so easily that, unlike bitcoin, life cannot be replaced once it has been lost.

This story is like a Korean drama, but if it's true, the story is real, it's better to report to the police immediately. Even if the story is true, I think that family and the people we care about are far more important than assets like Bitcoin. To me safeguarding the lives of our nearest and dearest is a much more important priority than holding Bitcoin or any other asset.

However, at the same time, I also want to say that investments and assets like Bitcoin can help build a more stable and secure future for our families and those closest to us. In this case, it is important to maintain a balance and not allow an obsession with assets ignoring more important things like family health and happiness.

Just sell what ever you have and save the kid man that is the answer, well its unlikely to happen to everyone especially in every country because it's a sign that how secure the place for a citizen to live in there.

But logically no just someone will be targeted to get ransoms they will only do after enough planning and their Target also not just easy so its kind of useless discussion to have and don't involve cryptocurrency into it.

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

I don't want to get disagree with the situation or just get exaggerated but if this really might happen its an option between life and death of course it's your kid and family you will do anything just to take them back, Bitcoin is just a bitcoin you can earn those again but the life and memories you've been created with your kid is priceless this question does not need to think about and have a common sense if you love your family you will choose them than the bitcoin. Also, there's some security action that came from the government officials you may seek to assist to make sure you'll get your kids safe.

I don't really believe in the situation the OP is telling, but I can only think about one important lesson from the story.

It's always bad when those of you who have wealth in bitcoin are enthusiastic about telling people that you have a lot of it, posting it on social media and showing it to someone. It can obviously be exploited by others to steal, rob or get that wealth in other ways as the OP told. Therefore, it is always good to avoid and maintain our financial privacy in any case in real life.

If am the one, I won’t even think about it twice, it might be a planned work between people that really knows him, but he those not have any choice than to sell the bitcoin just to safe his kid sister, this is a matter of life and death and she is your kid sister, if you can pay the ransom for her to be freed, then it’s also an investment, you have invested in her and she will never forget you, time will come when she will pay you back.

How will you feel if anything happens to your kid sister and you had the opportunity to safe her but you didn’t, just because you don’t want to sell your bitcoin investment. Don’t worry if you sell the bitcoin, with time you will make your money back and you will be able to invest back in bitcoin, no late comer in bitcoin investment.

Come on, this is something that actually doesn't need to be questioned again for those of us who have a conscience. It doesn't even make sense if we feel confused and hesitate to release our bitcoins to save one of our family members from being in danger. I think even in this situation a person with feelings and common sense would even sell anything that could be sold to make up for the lack of needed cash.

Remember in any situation and however the most valuable thing that should be defended is the safety of you and your family. we can find wealth and we get it back by working hard. but when someone's life cannot be returned even if we pay with 1 billion tons of gold or with the whole world. Remember to always put your conscience first and don't focus too much on materialism so that we forget our feelings and love for others.

I don't know if it's a true story or just fiction but whatever it is I wish the best for you and everyone here. so that we avoid difficult situations. because I have no right to judge whether someone is lying or not. because I can't read someone's mind and heart. Because in the world of work that I am currently living in, I often encounter unique and sometimes unreasonable incidents. Finding various human characters and also various cultures in each different area.

Such a situation is a matter of life and death. And the reasons for going into investments is to be able to cater for certain situations when they arise of which safety of her sister is one of.

Inasmuch the security personnels are yet to be able to rescue his sister, his only hope still remains selling of his Bitcoin.

Looks like it's a made story by you because no one will be confused if his kid get kidnapped and the kidnapper demand money and the money you have. In this situation everyone will sell his Bitcoin if he has the amount.Because you can earn money back again but you may not get your kid safely if your kid gets kidnapped. This thread is looking like so poor quality to me and this question doesn't make any sense to me.

What will make you sell it is this particular issue at hand, life is the most precious thing to everyone living in this world. You only live once but you can get a lot more Bitcoin you just sell over and over again, our people usually said when there is life there is hope. He should not think twice about selling the bitcoin, safety first after losing this he should hard he will get another one much more than the previous one.

why not report it to the police, surely they will help the victim's family find a solution>

if I'm in a critical situation (such as illness or something else) then there's nothing wrong with selling the bitcoin that I'm holding imo, because there are important things that are urgent and can't wait for time. then how important is it to have a stable income so that the bitcoin that are being hold don't need to be sold when facing an urgent problem (just a suggestion for everyone).

The answer was pretty obvious to sell your Bitcoin, in the end of the day it was just money, no money can buy your child.

In certain situations I would sell my Bitcoin at a fair price, if you need money for something that is really important you could sell your Bitcoin it is just a matter of what is important more. Even though a lot of us HODL Bitcoin for life, I should say that there are still limitations to it, I mean we all buy Bitcoin for profits I think most of us will agree with that, at some point, we need to sell our bitcoin because buying bitcoin would not really matter if you're not going to sell it on the end. There's gonna be no point in investing in your future if you're not going to use it, probably yes if you already have a lot of money or you are some rich guy, you could probably just give it to your kids. All of the money you save will not really matter if you don't spend it in the end.

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

Some persons are stingy,and it affects them to their family.How can one be stingy to his family,what I see in this case is that,if he has Bitcoin,and his child is kidnapped,he will contemplate on whether to sell his Bitcoin or not,and these types of people are very hard-hearted. When you have the means of helping someone and you refuse to help,it's bad to you.I don't blame him for making this kind of thread anyway,because I see that some persons lack what to post,and it result them in making threads that does not interest people to comment on.I know it isn't easy to make post,and I won't discourage him,rather I will encourage him to put more effort in the kind of thread he makes.

Honestly this is the most foolish post i have ever seen in this forum,is selling a bad thing or if some one is selling dose it mean that is because of situation,if sellers decied not to sell,how will you buy things,person can do bussiness to earn a living,like for me i prefer bussiness than to white colar jobs,so are you telling me that is becuse of some situation that warrant me to sell or what,so this is not a nice saying big bro,selling is normal thing that has been in existent since ages till now.

Giving ransom to kidnappers is illegal and should not be encouraged at all. Kidnappers use such funds to buy more arms and expand their criminal activities. Also, these kidnappers sometimes collect ransom and still kill their victims especially if they were identified by the victim. The ideal thing to do was to involve the police and get their advice and assistance.
But if the only option is to pay the ransom especially if the law enforcement agency approves it, life is more important than money. There will still be more opportunities to buy and hodl bitcoin, so the best option will be to liquidate your bitcoin investment and save your little sister.

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OP I suggest you advice your friend to involve the police and he should keep his mouth shut. Publicizing that he holds bitcoin will put him and his family in danger. Criminals are everywhere seeking information for their next victim.

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

Investing in bitcoin doesn’t mean if any thing that concerns life and death should be ignored just because you are investing in bitcoin. Your life and the life of family member should be the first priority because life is priceless and when their is life , their is hope to get new opportunities. No one will see his or her child dying and won't want to give out any valuable thing to raise money. I'm sure this is a question you can also give answer to, put him  in your shoes and think what will be your reaction,  I think you will will get the best answer for yourself.

Before I say anything, I will like to appraise most Bitcoin investors mostly newcomers who are just investing in Bitcoin newly, is good to save money outside your investments so if there is any peril you can use it to disentangle.
All prosperous investors have savings and most of them do not use part of their investments to sort their selves out of mess.

OP, to me it will be nice to advise your friend to report the kidnapping case to the police 👮  for proper investigation and inquiries about the incident, for your friend to pay money to the kidnappers for the realize of his younger sister, it will be better for him to the police because I know that that the police 👮  will not ask of such huge amount of money from him.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Holding bitcoins is indeed our main goal. But our family and loved ones are far more important than any wealth or assets, including Bitcoin. If you are in an emergency situation like what you described, where you need to sell your Bitcoin to save the life of your sister who you love so much, then it is a reasonable decision and I myself will sell bitcoin to save our loved ones.

Selling Bitcoins may be a wise choice, because later we can still buy bitcoins again at a later time. However, it is also important to do this with the help and support of authorities, such as the police or other authorities. Never try to resolve such situations on your own, as that can be very dangerous and could potentially put the lives of our loved ones at risk.

But did they ask for the ransom to be paid in Bitcoin, if they didn't then I don't think this has to do with them knowing he's a crypto trader. Assuming they asked specifically for Bitcoin then we'll know the kidnappers were fully informed of the job of the victim. Kidnapping is a very lucrative business in Nigeria, the authorizes don't care much about this incidents anymore unless there's a high citizens involved like politicians or business man so bets the man who look for how to resolved the issue himself. If it has to be him selling his Bitcoin the. He should do that immediatetly and get the money to get his loved ones safe.

This kidnappers are very dangerous in this region as if you don't do as they say then you might never see your love one again, there has been cases of kidnappers trafficking their victims when their families don't respond to their demans. Most kidnapping incident that was uncovered has usually been traced back to the victims family or close friends as they were always insider job and I won't be surprised if this case is also an inside job. The victim shouldn't depend on the government instead he should do everything possible to get his kid even though he has to sell his Bitcoin, that's why I'll do.

Every situation that needs immediate action, especially for emergency cases, one should not be confused anymore but stick on how to save what’s need to be save. And by selling bitcoin, if that’s the last option, then I would not hesitate to sell it as long as my loved one will be from danger. We only live life once, so we should seize every moment how to make it more useful and valuable. Bitcoin is just a form of money, we can always obtain it if we really want to.

This is more likely a self-made story but even if it’s real or not, situation like this does not need to confuse yourself anymore as to what action will be the right to take. Obviously, you will sell your bitcoin so you can save your kid sis from the hands of the kidnappers. Life is more worthy than money so no need to overthink. Just do what the kidnappers tell, but never forget to call the police so that they can protect you with incoming danger.

I agree with your thinking, bitcoin is just money, and we invest in it to make more money and have a better life. Bitcoin is not something that can be more valuable than our lives or our loved ones. If you can spend money on things that matter, selling bitcoin is like spending fiat.

If I were in the OP's situation, I would call the police, which is what I would do first. And I need to confirm that it is real blackmail, not a setup to get my money. I won't hesitate or give it much thought because my sister's safety is far more important than bitcoin.

What do you choose? your daughter or your bitcoin? I would say my daughter, no matter how high the bitcoin are or how long you want it to hold if you're daughter is in danger, I would sell my bitcoin just for my daughter because that is a life and my loved ones and I will not hesitate to sell my bitcoin if the bitcoin is pumping tomorrow or the bext day or next year. No matter how long you hold in bitcoin, if you're daughter is in danger just sell it because bitcoin is always there if you sell it and my daughter will not comeback anymore.

This is the major reason it's advisable to stay on a lowkey while doing one's business. Every crypto or forex trader has to find a way not to over expose themselves. Most people who come across crypto dealers have that misconception of dealers being rich whereas a lot of us could barely live up to expectations, financially. So, why expose oneself then just to feel good on pretence?

If the man's only hope of securing his sister's release from the kidnappers' den is to sell off his Bitcoin and he cares about his sister's life, let him do the needful. However, if the reverse is the case let him also do the needful.

While the whole story appears to be a made-up story, and the question therein appears to be a dumb question. I will still need to answer to the question that is being raised.
Meanwhile, the question of whether to sell Bitcoin to save a soul or to allow the victim to die and the hold Bitcoin is not acceptable.
Also the topic is seeking indirectly to take sample opinion about how people value their Bitcoin, and this is the kind of question that scammers and criminals ask in order to know how valuable one item is to them compared to their life.

In, as much as I do not believe in this story, I also have to derive a lesson from it, which is ; As a crypto dealer, you should always live on a low key because you are a target in the environment you live, since they wouldn't know how much you, they will think you are over wealthy.

Why are we in investments, because to solve our problems and to come out from poverty. Weither the story is lie or true, I would do anything to save a family member  or friends even if it means I would have to sell all of my Bitcoins. With my sweat or my hard work, discipline and strategy I would be able to get more bitcoins but when a life is gone, it is gone forever. Because that is the reason why I'm in investments to solve this issues and to be a successful man on earth, even I sell the bitcoin I have I will still have an opportunity to invest in Bitcoin to survive and make things easier, but when life is gone bro forget it.

We get into that situation that we nearly don't want to spend our bitcoin even if it's in life and death situation. But from there, it's not just in the movies but people who have been into that situation have chosen to save lives and if there have been those that were not willing to sacrifice their wealth, maybe they're only few.

We can earn money again with our jobs, side hustles and businesses. But once life is gone, it cannot be brought back.

First of all, it seems it was a made-up story man. It is not convincing, if you are going to make a story, please make it more natural.
Anyway, I don't think this will confuse everyone because pretty much everyone already knew what to do when this happens. Would you have a second thought selling your stash for the sake of your child's life? Of course no, are you for real? As soon as you get in this situation you will have no any other thoughts but to sell it right away just to save your love ones, no matter what circumstances are, whether the price is against you or not. We can earn money or bitcoin again but the lives of our love one is irreplaceable.

Even though the topic is somewhat a no brainer, as long as you live, you can have bitcoin, its here to stay, while the life of your family is much precious than bitcoin,
I would sell because family is important to me, I can earn a lot with the help of family there are lots of way to earn bitcoin together with your family, I dont have a clue why everybody is confuse making decisions with who to chose.

In almost all countries of the world, kidnappers kidnap for money. They demanded release in various ways. May be through fiat money or something else. As he became quite popular with cryptocurrency, kidnappers followed him and kidnapped his family members. I think it would be better if his family members can be released there through the police administration. But kidnappers are very clever. They can of course brutally torture and even kill those detained if found involved in such activities. I have to take the decision of that person before considering the situation. On the other hand, no matter how low the price of Bitcoin is, he should save his family members by selling his bitcoin.

That is absolutely true, I don't understand what many people are thinking when they value bitcoin more than their own health, more than the lives of their loved ones. Because we can always buy back bitcoins anytime as long as we have the money. I agree that, over time, the price of bitcoin can get more expensive, but that doesn't mean it can't be bought. Just like now, we're buying bitcoins for $30k, thousands of times more expensive than people buying bitcoins for a few dollars, so there's no reason why we can't get it for more. But our loved one's life is only one, if lost, we have billions of dollars and never bring them back to this life.

You are absolutely right, there is nothing more expensive than the health of relatives and friends.
If we talk only about ourselves, then we need to clarify the point about needs, since for one the need is medicines for his wife, and for another it is to buy a new iPhone. I have a friend who won't eat, but buy himself such a smartphone.

As for me: I will not sell bitcoin if my strategy does not allow it. I have friends from whom I can always borrow, and there is no need to spend my crypt, especially if it is at the bottom. Violation of the trading strategy is unacceptable.

Don't be selfish just because bitcoin has a high selling value, life doesn't count how much wealth you have and doesn't look at the amount of bitcoin you have. The story you tell is like a joke and in my opinion people's lives are controlled by lust, so many considerations that should be considered are neglected and many things happen precisely because of wrong decision making. If it's true that such an event happened, why is there so much consideration not to sell bitcoins?

Friends, life doesn't need to be complicated when we are too emotional, there are other things that need to be prioritized and more important, money and bitcoins can be sought but prioritizing what is important is far more moral to do and hope you understand the intentions of many people who have given advice for this problem.

I think that one of the major reasons why we put money aside or have investments is because of eventualities like this. Life is very important, so we should do what ever we can to secure it. Saving our lives and the Lives of our loved ones should be our top priority. If we have what it takes to save a life, then we should not waste  time in doing so.

In the case that you mentioned, I think that the person's priority should be to do what he can to make sure that the kidnapped victim is released. Because wealth lost can be recovered, but a life lost can never be recovered.

Some people seem to be more concerned about their investment than anything else; even if it is to save a life, some will not even sell their Bitcoin off. But all those things are just material things that can still be regained after some time or by working and accumulating again. But human life is just so precious that when it's lost, it can't be bought back with money, but we can still buy Bitcoin at any time. In cases like this, the OP may not even be in the right state of mind to think unless they are just thinking about the possibilities of getting their relative set free, so selling their holdings should not even be a hard decision to take if that's the only option they have.

In this situation you dont have to seek for much advice because you might end up making silly mistake and decision that will lead to an everlasting regret and you will never forgive yourself for such action of yours that would have been avoided ordinarily,  for the fact that human safety is involved in this, you don't have to think twice to withdraw your investment and do the needful with it because if you allow them to kill the person there the person is gone forever but if you convert your investment for this purpose the possiblity of hustling to get it back as far as you are alive is there but the dead is gone and cannot be seen again forever. So don't neglect saving life make it a priority no matter what it takes.

What's the point of having an investment or money if you won't be using it on something important? Why would you have a second thought on selling your Bitcoin if it's the life of your child that's in danger? If that's the only way he could do to get some money, then do it. But of course they need to ask for the help of the police. If the police can handle the situation safely then they won't be needing to give that money to the kidnapper and at the same time, they'll get their child safe. So first, seek help to the police and advice on what to do and how to communicate with the kidnapper, not here on the forum...