Bitcoin Forum

I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.

Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?

I think bitcoin would be easier held without the constant temptation to touch it if you’ve got several means of income. That way, you could safely set aside money for investments that would not be affected when emergency pops up.
Folks living in countries with seemingly better economies are also riddled with inflation, bills and responsibilities as well. And without having side jobs to try to stay afloat, just anyone would be tempted to sell off some of their bitcoin holdings.

That is why it is necessary to transfer into bitcoin only free and extra money that will not be needed in the near future, that is, for a long time. Because investing in bitcoin shows good returns in the long term (~ 4-5 and up). It turns out that this money is frozen for this period in order to obtain the greatest profit.

In countries with difficult economic situations, people have less free money than in economically strong countries, which creates a situation that it will be easier for the latter to buy and store bitcoin. No wonder. I think that nothing can be done about this and the imbalance can't be eliminated in any way. This is how the market economy works and for residents of poor countries, the way out can be to move to more economically strong countries / change jobs or try to strengthen the economy in their country by creating good working enterprises, jobs and other things. That is, it is necessary to look for ways to create extra free money.

When your income isn’t enough for your monthly expenses, you either borrow money or sell your assets. Otherwise you will either lose your water/electricity or get kicked out from your home or starve to death… Since dying isn’t an option, you will probably go to the banks and borrow money… till you can’t anymore. Then you eat up your savings. In the end these are temporary solutions that will buy you some time till you figure out something to fix the problem. You have 2 options here. You should reduce your expenses or increase your income. Otherwise it won’t end well.

If there's a high increase of inflation and salaries of any person is not enough to provide their needs, then they would have no choice but to sell their assets which is Bitcoin. And also a lot of people might no invest at Bitcoin at all due to every money they have would go straight to their essential needs. If you really have the "diamond hands" since we all know that long term investment is really a good benefit in Bitcoin, then you'll be needing to have extra money or your savings as well to help you survive that economy issue.

I don't really advise it due to savings could be used to emergencies cause you might get focused on having a better life in the future so due to holding Bitcoin than selling, your current state might worsen. If you want to save your money in a bad economic situation investing at Bitcoin is good but if you're trying to survive due to having no enough money to support your needs, then selling is the option.

Individual in bad and good economy can hold Bitcoin with different strategies, individual in poor economy don't have to invest like those in good economy, investing in Bitcoin should be based on your own pocket. The more you have the more you invest and the less you have, you plan yourself so you don't over investment and it causes you discomfort when the market is dipping. Don't invest more than you can lose, always know your limit and invest just enough so you don't miss out.

They types of salary we're receiving or jobs we're doing will influence how much we can spare to invest in Bitcoin and that's a fact but don't use because you're receiving less to prevent yourself from investing in Bitcoin, plan yourself and reserve some savings for investing.

If the salaries from your job are not sufficient enough its better to start looking for ways to make extra income, we have to do this, it's the only way for people like us are still struggles, it's why I like saying that investment favours the rich more than the poor and the mid class, if truly you want to levitate in this life, do not let your present condition decide your future for you.

If all you have to say is you tried, you just can't keep up, well you ain't trying enough, I know it's not easy but it's a battle you must fight and win, for your sake and for your children sake, Bitcoin looks like it's about to start dumping, I believe the last phase of recession is now unlocked.

In the coming days we will start to see posts identical to yours on this forum, people will get tired and frustrated, some already DCA and they will get even mad when they are their portfolio going down in value, I've been there, I know how tough this will be, but the only thing we have left is to fight through this so that what we will reap will be worthy.

This is a situation many will be faced with in the coming recession. It’s why the fed raises rates. They need to cause some financial pain to stop inflation and that’s going to hurt people’s ability to stack speculative investments. With loan defaults on the rise and excess savings from the pandemic expected to be exhausted this quarter, you can see turbulent times ahead.

I can not agree more with you but the statement I bolded to that I am not agreed. Because If you are living in the UK, USA, or any other well-developed country then you will also say these types of statements:

We have to pay a lot on taxes and bills.
Life is too expensive here.
I prefer others to move to other countries where life is easier.
etc, etc,

The thing is, one finds life much easier and cheap in other countries but only in those countries which are developing means if You as a citizen of the UK or USA want to live a day in Pakistan then you only need 5 to 10$ maximum of $30 dollars for food, transport, internet connections, etc., etc. (just take it as an example) but if you are in the USA you have to spend way more in the same way. If you are in the USA you are earning $100 a day or $50 dollars a day but if you are earning in Pakistan that's $5 or $10 a day. So, that's how people began to think that their country is not a cheap one for them but they tend to move to countries which are cheaper then there.

I don't think it's all about the bad economy though, I mean we have been under the pandemic and survived holding our bitcoin, (at least in my case), that is the period wherein I accumulated a lot of bitcoin. Maybe the price is cheap that time or maybe you can't do anything but to save it.

So for me it's not about how bad the economy is, sure if might have been affecting people to sell their stash to survived. But my point is that if we survived before and after the pandemic, what's the difference from it today? If you can save during that time and have the mental discipline then you can do it at this point, in my opinion.

Bitcoin investing is something we must prepare for, and while doing so, we must consider the difficult times so that our objectives are not affected. That is why we usually recommend using DCA for investment, especially for persons with a monthly or weekly income, although it is not compulsory. As a result, if your profit is affected or your source of income is no longer sufficient to pay your bills, you can abandon investment and focus on your life.


As you said, holding Bitcoin requires discipline, which is why we always advise people to invest the money they can afford to lose so that, in tough times like this, you will not look back to your wallet because the money you expected to use in Bitcoin investment should be money you cannot use soon so that you can be able to hold it for a long time.

We must not look within the circumstances of the current economy situations with fiat currency, if not we may not be able to hold bitcoin because there are many reasons that could hinder us from doing so, but when we have the understanding that bitcoin bitcoin is beyond the economy of inflation and recession, we could understand why we needed to operate more under a decentralized network and use bitcoin in serving us the purpose we wanted with financial economy.

Let's face it! Bitcoin has become an investment rather than a currency. Otherwise this question wouldn't have popped up in your mind! Everyone wants to keep Bitcoin and no one wants to spend it. But if your Bitcoin can't support you in difficult times, what's the use of it? I personally once funded my medical expenses using Bitcoin as I had no cash available with me. I could have used my credit card but that could have made the things worse with sky high interest rate. So make use of Bitcoin in difficult times. Otherwise it's not serving its purpose.

Discipline is an easy word to say but in reality it becomes complete nonsense when you really need the money in order to buy food or pay for rent. Sometimes the truth is that we have to let go of some of our Bitcoin holdings in order to keep our livelihood going. Of course this does not go for everyone but for many people. I think as long as you buy Bitcoin whenever you have the chance, both financially and literally, you are doing the smart thing.

And anyway, spending money is the very point of money. So there should be no shame in spending or selling Bitcoin. Everyone just has to weigh the cons and pros and decide for themselves. ;D

What you're complaining about is not really a problem with bitcoin but with any investment. It's hard to hold assets when you're running out of money for basic necessities.

That's why we call them investments, they're a way to multiply your capital, but you need to have capital to even think about investing, unless you want to take a loan or something and say YOLO.
If you had a gold bar, but lost your job and had to feed your family, you'd sell it and because of this simple reason poor people usually stay poor and get exploited by the rich.

Let me give you an idea that will help. I recommend that you use a bitcoin only wallet, like Electrum wallet for this purpose. Have a wallet where you are holding bitcoin for the long term and another one where you are holding bitcoin intended for transactions, maybe as you have described the economic situation in your country that requires you to spend your bitcoins, use the second wallet will be for this purpose. This way, you have programmed your mind to separate what to spend and what to hold.

One other thing that I would add is this, do not overstretch yourself with investing in bitcoin. Sort out any financial need that you have either at once or in bits before investing in bitcoin so that you can less pressure on yourself.

The reality of everything is that you should have a side job that won't require you to tamper with your bitcoin investment. There is a chance that you will be forced to sell your bitcoin assets whether you make a profit or not when you actually have no other source of income and your country's poor economy is severely affecting you. In these circumstances, selling your bitcoin is the only option. I stated this because I've been in a scenario like this before, and I understand what it's like when someone needs something personally and has no other way to acquire or solve them. The only available course of action for him will be to sell his bitcoin assets

I highly agree with you @OP.  It is hard to hodl BTC if the funds for daily budget is short.  We will be forced to sell some of our holdings in order to meet the budget needed for our family's daily need.  The only solution for this is to look for an extra earnings.  Look for side job or part-time job that will bring us extra funds to supplement our needed daily budget so that we can avoid selling our Bitcoin holdings.


This won't work because the fund for the daily budget is not enough, the person will be forced to sell his BTC to fill the shortage until he sold it all.  The solution when the budget is lacking is to look for an extra source of income.  Having extra source of income will fill up the shortage and the Bitcoin that is intended for holding will not be touched because there is enough fund for the daily needs of the person's family.

Sincerely, the economy isn't getting any better by the day, as more countries and regions are experiencing increased interest rates due to the rising cost of goods, services and living in its entirety.
Netherlands and Germany are among countries who recently have been plunged into the recession and the interest rates in these countries has risen in response.

Right now, I don't think it matters the country one hails from or resides in, the economy of the world is such that BTC/crypto earners or investors have had to put in more to meet up with a plan or withdraw their coins to sooth other pressing needs.
 After all, what's the point of have crypto currency if it cannot solve problems my salary or wages can't afford?

The Wise investors right now are making adjustments, cutting costs, cutting expenses, cutting down on betting wagers and gambling bets and stakes, because if this isn't done now, what would be the essence of being disciplined to someone struggling for their health or breath?
Health is wealth. Make necessary adjustments to fit a HODLing or DCA plan of investment. Even for trading and gambling, please cut cost.

It's kind of obvious in a way, when times are good many people borrow as much money as they can and generally it is quite cheap to do so. However the excess reaches a limit and often goes too far, which means that banks start to call in loans, while making it harder to qualify for new credit when many people are losing their jobs during a recession. People will naturally cash in certain assets if it means protecting things like their home from repossession. What good is having a wallet with bitcoin in it, if the bank are threatening to take away the home you have mortgaged and will eventually own if you can keep up repayments? It's a fairly simple equation that lots have people have faced throughout history.

That is one smart thing to do, look for side jobs that can augment your other expenses.
If you think your main job is not sufficient, better get one. As it will help you in achieving some of your goals,
not relying entirely from your main job. It will also give you room to consider some long-term investments.
This economic conditions may further worsen, so you need to prepare yourself for the worst, and not
rely from government help because you can't expect them to address each and every need of their citizen.

Life could provide may provide you with all sorts of troubles and you may have to just accept it. I am not going to go into detail, but on a nation with 300-400 dollar minimum wage, I will have to spend about 2000 dollars on a hospital bill. I have to remind you that I live in a nation where government hospitals are free, but the difference is that what we need right now might be free but takes years and years and years to happen, whereas if I pay 2000 dollars, it happens in a month or less. Thats the quality of hospitals that are free, less than 1 month vs 1-2 or more years, and all the trouble that come with it as well. Should I just rollover and cry that I can't save money because of this new thing? Of course not, get the money somehow, pay it, and then go back to saving again, if anything new happens then pay that too and then go back to saving, always have your mind set on pay whatever and then going back to saving.

I believe what you said here is one of the many ways to prevent the temptation of selling Bitcoin or find a way to lock the BTC for sometime before it can be accessible or else in the state of bad economical situations as stated by the OP I don't think there's another way to avoid the temptation of not selling.

Would really be just the same i would say because if you are earning sufficient on day to day spending and have some small gaps for adjustments then you could really be able to save up some Bitcoins out of those
extras on which you could really be able to hold for long term but i do agree into the point that if you are just an average wage earner or worker on which earning just sufficient on day to day survival then for sure you would really be having a hard time on saving one. It isnt really that shocking or something new on which this had been that typical and i did experience on this one. I have able to save up 1 BTC back in the past
since i do have that hopes and dreams about that potential income but due to some emergencies and other things that correlated to it, then i do gradually be able to spend up those amounts
until it gets depleted.

This is why its really that hard to tell basing up on certain persons or individual condition when it comes to their earning or wages because not all would really be sharing up with the same situation or condition
on which there are ones who are that living on a situation where everything is really just that enough or simply that lacking or not enough.

Where I live when the economy is in trouble and income from jobs is not adequately meeting needs, it can be difficult to maintain an investment in bitcoin without being tempted to sell it to meet financial obligations... My friends who know Bitcoin deal with this problem constantly.. Since my country's economy is undoubtedly one of the worst. That's why maintaining discipline in times of financial stress is a real challenge.. Concerns about rising bills and financial liabilities may trigger the need to sell assets, including bitcoins, as a way to temporarily relieve financial pressure. However, I have seen cases of people who don't care how bad they are financially and continue to hold Bitcoin, although the economy can influence these decisions, it is not the only factor to consider... What I would recommend is not just having an investment in Bitcoin, I know that in difficult economic situations this can be quite difficult, but it is the best way to overcome it over time..

Yes you are right, in my opinion it is also like that, that anxiety or problems due to this bad economic situation in my opinion must also be felt by many people regardless of whether they are from developed countries or not because all of them are affected. The difficult economic situation and the increasingly expensive necessities of life at this time make some people feel annoyed and worried about ruining their Bitcoin investment.

On this matter I somewhat disagree with you, in my opinion even in developed countries or it can be said that countries with better economies will still feel the same anxiety and worry due to the impact of the bad economic situation. I don't think that those from developed countries have smooth economic conditions and their daily needs there will be cheaper. The income of people in developed countries is indeed large but they are still affected and even their expenses are also large.
Maybe one way to reduce the bad economic situation is that we have to look for additional income but unfortunately to earn additional income at this time is definitely not easy for everyone because most of their time is spent for working, spending time with their family or colleague and resting.

Not everyone in poor countries suffers from poverty in terms of their standard of living and more have the opportunity to plan and make any investment including bitcoin. Likewise, not all residents of rich countries have decent jobs.

This is a matter of the individual economy, unless you are referring to a state of crisis in which case it can impact all the economic status of everyone in that country.

That's true, because other sources of income can continue to be used for purposes in life so it will be easier for us to store Bitcoin without touching it at all even though we are facing unusual environmental conditions. Another source of income in life will always be needed because it can be a means of help for everyone who wants to store Bitcoins for a longer term.

The temptation to sell Bitcoin can indeed always be present in the lives of people who have Bitcoin, but for those who don't have Bitcoin, I don't think they will be tempted by anything because maybe there is nothing they can sell to satisfy their lust. But as long as we can hold it because there is a source of income from other jobs that can be used to buy things that make us tempted by it, I think there will be no problem with continuing to hold Bitcoin because we already have one way to be able to keep Bitcoin in the best way maybe in storage.

I think your logic is true, I feel that in my country where have the same situation as you. Actually, it's easy how to manage that situation, just keep saving your Bitcoin, but you may take a bit to meet your needs. For example, if you previously could save 0.005 bitcoin each month with normal economic conditions, Now with a Bad economic situation, you can use 0.002 BTC for meet your need, and save the rest (0.003) for each month. I use that step, and It might be quite hard to do if you're not used to it before, but with this step, we can still invest in Bitcoin even haven't maximal like before.

But the bigger problem that many people are facing is that with the current economic crisis, even the main job is difficult to keep, let alone find a side job. I think everyone realizes that having a part-time job will get them out of a bad economic situation. But like in our country, a series of companies went bankrupt, and many businesses cut workers, how did they get extra jobs? Saying and doing are two completely different things, and it is not as easy as we think.
I don't know about other countries, but in my country it's hard to find a job, thousands of workers are unemployed these days.

Comparing a few years ago to holding bitcoin, right now it is more difficult to hold because, as you are right, prices go up and salaries are not enough. Even if you have a higher salary right now, it is still difficult, as it is almost the same because the prices of our needs are also too high. Unlike before, even though I have a low salary, I am still able to accumulate some bitcoins, but right now it is very hard. If we just have a bigger salary, then we won't have a problem having extra money for investment.

I don't think, economy situation will stop me not to achieve my dream in the future, because am still holding my Bitcoin which i believe the situation will soon be over for Bitcoin holders to start swimming in profits making. I know many people are going through a lot in this economy situation because of the massive inflation that is affecting the global economy, which I know the governments are finding solution to end the situation so that many industries will start functioning well to allow people to experience surplus of goods and services in their various environments . I think, people will start saving money now to have the confidence to continue holding their Bitcoins in their wallets till the price hit back $69,000 before they can sell to make a passive income.

If you're work under someone company, you're high unlikely will get impact except you get fired.

If you're a businessman and still talk about this kind problem, I think you're just a self claimed businessman. How can a businessman think he will get a stable profit? there's no stable profit if you run a business and you must be ready to accept any condition.

However don't over complicate your life, just sell your coins if you really need and start to accumulate when your financial is back.

I think that in general it is true that people in countries where there is more employment and more opportunities for progress will have it easier but even in those countries there are many people who shoot themselves in the foot, as can be seen by the level of indebtedness for consumption in the USA for example.

If a crisis situation arrives but during the previous years you have prepared for it, it will either not affect you much or it will not affect you at all. And by that I mean:

1. Having saved an emergency fund of between 3 and 6 months of expenses.
2. Having saved extra money if you could foresee that you were going to lose your job, as well as moving to get another job as soon as possible.
3. Having several sources of income, which help reduce the impact of losing your main job.
4. You have been investing regularly, buying Bitcoin and other assets.

With this homework done, the outlook in the face of a crisis is very different.

Times of financial and economic uncertainty can cause us to rethink money management and adapt. Finding opportunities to increase your income or get a side job can help ensure that you have enough money to deal with difficult situations.

Diversity in income sources is also an important point. It is not advisable to completely depend on a single source of income, as this can put you at great risk should there be an unexpected change. It is also important to consider long-term investments and financial management. Sometimes, taking the time to learn about finance and investing can help you better understand how to optimize your assets.

It will be better if we have other side jobs so we can't temper with our possessions when we need money for something, it's so advisable to keep a schedule before badging in for an investment so we can't get to collect from it, sometimes we tell our selfs let me take little from my assests but we never get the thought that from little to little we are collecting everything from our investment's, if the economy of a country is not well balanced getting another job should be the second thought of an investor because the reason why someone invested in bitcoin is to hold for long and sell when he or she knows that this is the right time to sell.

Oh god, I just love these topics!

From time to time someone has some kind of divine revelation and realizes that when things go south and people stop having money they won't invest in Bitcoin money they don't have but, again, what a surprise, they will sell their investments to survive. But despite this obvious reasoning, there are still some who think that a recession will be good for investments and for Bitcoin, because...majik!


What profits will here be for you if the rest are too poor to afford your gold-plated satoshi you want to sell at one million a piece?
So people will go out of a job, out of money then they will somehow buy with inexistent money Bitcoin, and then they will sell those Bitcoins at 10 times the price to other people who have lost all their money! Wow, such a bullet proof plan to achieve your dream! Imagine if I would have known such a thing existed!


And you've just written off like 3 billion who will never even dream of having 6 months in expenses savings since they can't even put aside 5% of their wage, let's not even go into the dwindling possibility of getting another source of income when massive layoffs are on the horizon because obviously, fewer people making money less money spent fewer opportunities to make money.

Let's face it, some on this forum who are living in countries that even in crisis have offered opportunities will be safe, most others will be screwed, Bitcoin or gold or whatever plans they might have unless it's fleeing to a real "safe heaven" !

There will always be a division between poor and rich in all countries no matter what that country identifies as in economic context. To put it simply, I agree with you, not everyone who lives in a poor country has a poor lifestyle, and not everyone who lives in a rich country has a better economic status and standard of living. Hence, the area or location wouldn't matter as much as the individual situation of a person on wether or not they will be able to hold Bitcoin and invest.

There is no big philosophy here, if you have Bitcoin and find yourself in a situation where you need money for something, it is quite logical that you will use that Bitcoin if you have no other choice. It is not something that is exclusively related only to countries where the standard of living is low and where inflation in combination with low wages has forced people to start selling family treasures, but it is quite normal in developed countries as well.

A few years ago in my country, mini shops where gold was bought started popping up everywhere and people started selling family jewelry en masse, and I have no doubt that some are doing the same today with Bitcoin, especially if we take into account that they bought it at a much lower price. I don't see a problem here, but I see a problem when people will no longer have anything to sell, and will not be able to buy food or pay their bills.

True, I can relate to your discussion with your friend, I previously thought it was only me, but it also happened to some of my friend. Up until now, I have cashed out more than half of my crypto saving. I used to hold not only Bitcoin but also some altcoins, but I have sold all of those altcoins, only bitcoin left on my portfolios, and it's not that much too actually, this 'recession' hit me quite hard. Doesn't matter how we believe and love Bitcoins, we still need to survive and meets our end meet, the last resort is to liquidate our cryptos.

This is why we should invest only what we can afford to lose or just a spare money and not a life savings so that you eill not be tempted to touch it in case bad economy hits hard your country. I will surely do the same on spending my Bitcoin savings if I use a portion of my money that is dedicated for investment and not by spare money.

People should not put money on Bitcoin if their financial status is very low because they will surely touch the Bitcoin in case they are already out of money for their personal necessities. Holding Bitcoin is very hard to do if your current status really needs money from different sources aside from your job salary.

Money is not always the solution to problems. If you could timelock your Bitcoin maybe for three months and also lock most of the money you earn in good investments, you could become more creative at solving problems with the little you have without compromising on good quality. If we can't do this then we know we need wisdom.
I believe people with alot of wisdom/intelligence can live comfortably with less money.  1btc in the hand of a fool is not thesame as 1btc in the hand of the wise. It takes wisdom to spend it wisely and be very contented. It will never be enough for the fool.

Beside, if we work hard & do our job really well, even with little to no pay, we will always attract favours to ourselves, such as cheap alternatives to things we need, good quality things for free, plus our things will last for us and we will be shielded from the general bad economy. Bad economy tend to affect those who contribute to the bad economy. We reap what we sow.    Better not to participate with people in contributing to bad economy, so you don't reap bad economy.

Job salary is never a huge amount for everyone so not everyone can live a luxurious life with salary money.  Very few people can live a life of luxury with the salary of a job who is an officer of a company. On the other hand, business management is very difficult and in business, unless the business is very big, profits are not very high, which makes it impossible to live a luxurious life. Again there is a lot of risk in Bitcoin because the price of Bitcoin is not stable and its price not only goes up but also goes down a lot at times so holding Bitcoin does not guarantee a luxurious life. There are many hurdles in all areas of life and overcoming those hurdles to achieve something good is called success. No one can succeed without suffering.  Success is not an easy thing

Adjust your spending while making some changes to your Bitcoin Hodling too. To fight against inflation, spend what is needed and then decide what you can afford to save in Bitcoin. If you are doing DCA while HODLing, I don't think what you said in OP will be an issue. If you make a little change in your saving pattern, you can easily save BTC while living freely in a bad economy. Make sure you can cover your basic needs with your current income. If not, then find multiple income sources.

Problems will only occur and you will have to tamper with your hodling only when you are putting more into Bitcoin than you can afford. Or your strategy is not working out as planned. It is not bad to change or adjust that strategy based on situations. We all know that a single strategy in the Crypto market does not work for eternity. You need to change things up a bit every now and then based on situations.

One more thing. If it's necessary for you to tamper with your HODL, why not? You are hodling for a reason. That is to have a better future by accumulating profits. You can earn back those Bitcoin in the future. Don't marry your wallet, make sure you let go of it when necessary.

Holding Bitcoin during the period of economic hardships is truly a challenging task, as financial circumstances may pressure you to liquidate this precious asset. In order to successfully navigating ownership of Bitcoin, it requires strong faith in its potential to yield huge gain in future, resolve to continue holding it despite market volatility and frequently arising apprehensions about regulations.

Well, it has been said here repeatedly that one should not invest all their fiat in Bitcoin. while Investing, always have your bodget sorted first and make sure you don't invest the amount that can put you under tension of selling. It's true that if needs arises, sometimes we feel tempted to sell some of our coin to solve those needs but even before such needs should arise, an investor should also be awear that they need to save some fund for emergencies. with such apreoch in Bitcoin investment, you will not feel tempted to sell so quickly because of some common emergencies, because you have already prepared your self for it.

That's not the same everywhere though. In nations like the USA or UK or even small and poor nations like Zimbabwe or whatever, we could see a huge wealth gap and that makes sense, they are liberal nations with liberal values that makes people very rich and the poor stays very poor.

But in a nation like Switzerland, you do not see a wealth gap all that much, the poorest there and the richest people do not have that much of a difference, and on average people live the same life, a dude that washes the dishes do not make THAT much lesser than the guy who cooks and they accept this as the norm and they do not have any problems. In nations like USA "how could washing dishes should be worth as a chef!!!" and they just create the gap themselves.

For sure, when someone is financially stable they would think of multiplying their money, but in such a situation where the economic situation of the country is hitting hard on its citizens, like the one we are in right now, people will barely think of making investments and the investors who have already done some investment might be tempted to change decision on their investment portfolio because of the economic hardship.

The financial situation has been pretty crap in the past few years; inflation has made everything progressively worse; thus, sometimes I may be tempted to use my Bitcoin. However, my personal preference is to store my Bitcoin somewhere that I don't have access to. Till now, I was away and didn't have access to my computer; I only had my phone; thus, even if I wanted to, I had no means to use them. In all seriousness now, honestly, if it's a matter of life and death, and you're in desperate need of money, use your Bitcoin by all means; you haven't signed a contract to hold them forever. I completely understand that you might be holding out for the future, but that doesn't have to set your needs back if it's absolutely necessary.

Money may not the complete solution for all the problem,but all the problems need money in some way.Many people stake their money on bitcoin to get some interest from the holding bitcoin.They also can earn additional dollars after three months,So bitcoin will give them double money by just holding for the three months.Many people with huge knowledge will curtail their unwanted expenses and they live the life happily.But some people add unwanted expenses and live without peace.

If you store bitcoins out of reach, you risk missing the moment when they can be traded profitably and waiting for the cryptocurrency crisis to start again. Availability should always be there. The other thing is a theory, but you have your concerns.

Our investments exist for us. Things may not go well in every moment of our lives. In such cases, we can convert some of our investments into cash. There's nothing wrong with that and it's in between the normal functioning of life.

We will not keep Bitcoin in our wallet for life. We can sell our Bitcoin when we need it. If we get the chance, we can buy it again later. After making an investment, we can sell it before it reaches our targeted prices. Sometimes we can make a loss while selling Bitcoin. Let's not forget, the opportunity never ends in Bitcoin.

Of course, it is easier for those with good economic status to buy and hold BTC. Conditions are not equal for all people.

Op I don't think the bad National Economy has nothing to do with your holding of bitcoin, if you are a worker, you can use 1% your salary to buy bitcoin every month to accumulate bitcoin and use the remaining % to pay bills and settle some other things. We all know that the inflation is affecting people and the only way you can't keep your Bitcoins is the time when you are not working, and you are only depending on your investment then definitely you must touch your bitcoin. But whereby you have salary then your investment can be saved.

They say that money can't solve everything but praticallly, it could actually solve lots of problems since one of the biggest problem that we're facing right now is lack of financial stability. There will surely be times that we will be tempted to sell our Bitcoin and other holdings but as much as possible, we shouldn't touch it and find other alternstive source of income to sustain our needs because we will still benefit from holding in the long run.
The economic crisis is really hard to deal with nowadays and I must say that a single job isn't enough anymore so if we still have the strength and courage, we should also double our hardwork to earn more if we already know that our salary isn't enough to sustain our living.

This is applicable if we have enough funds for our daily needs.  This is actually a great idea but once we are short of funds, we cannot apply this kind of strategy.  We will be forced to pull some of the savings to fill the needed daily funds until we pull 100% of our holdings.  I think the best solution in this kind of event is looking for a new source of income.  If the budget is enough, we can safely keep our investment intact but if the money isn't, we cannot just standbye and let our family to starve while keeping our investment intact.


This is naive, it is rare to see things for free on a daily basis.  I agree that we must work hard and do our job well, this will result in higher pay due to the quality of our works and more contacts and client that will give us enough money for our family's needs.

In times when a person needs the basics of life and cannot provide them by doing some business or selling something, he will certainly resort to his savings, even those that were intended to be kept in the form of an investment. There is no justification for hoarding something to secure a better life in the future when the present is uncertain.
This fact suffers from companies and countries, not just individuals. This appeared in the reports issued by the economically weak countries after the Ukraine war, as it was proven that more than half of the small and medium companies are on the verge of bankruptcy, which means record highs in unemployment rates.

This is tough when you don't have life savings and emergency funds but you have mostly put that in Bitcoin. I think it will serve its purpose if you don't have a choice and you want to sell it because you're in need of money which requires you to sell some of your Bitcoin.

Even when you're the most disciplined person but the time requires it and you need to make an action, that can make you sell your bitcoins. But always remember that it's not all about selling all that you've got.

And if you have some other source where you can get that money you need, much better to do that and don't spent yet your Bitcoin as we're all waiting for the right time to come in selling it.

I'm planning to hold long-term for over a year, or even more, two, three years, who knows, I'm not in any hurry. As I've said earlier, I'm not in a dire need of money, not yet at least and I can still afford to do that. Thus, I'm not going to miss any trading opportunities, Bitcoin won't magically recover to $60,000 that I might be interested in selling at. It's a slow and steady process that takes a lot of time and when that time comes, I'll have my coins on hand. Till then, I don't see why should I make my coins more accessible. It's safer the way it is.

What you say in the title of your post may be in line with current conditions and it is true that BTC must be invested in cold money with a strong determination and discipline. But, for now I feel that one's financial dominance is not doing well at this time, especially since the salary from work is no longer sufficient to meet all needs as you convey because of the current circumstances and situation where everything is expensive.

Today, if we look at the market for these economically strong people, they are actually happy, in this case, they can buy again, and the fall in cryptocurrency prices can also be interpreted negatively, why is that because on the other hand, large institutional investors have been involved in the cryptocurrency market, they have also played a role. as the main driver of the recent sell-off.

Holding Bitcoin is not an easy task for everyone. Those who try to hold Bitcoin must keep the financial aspect in mind because one thing we can almost all agree on that Bitcoin is not a short term investment platform, it is a long term investment platform. Investing in Bitcoin is very easy for investors who are involved in a job or business. They can be profitable from Bitcoin. On the other hand, those who are not financially independent will not benefit from investing in Bitcoin. Because they can't be patient. They will need money and then feel to sell bitcoins. So if a bitcoin investor is affluent then he is worth to invest in bitcoins.

Hey, you do you. At the end of the day, it is your bitcoin, it is your property and it should be your decision how you will handle it. If you feel and think that your coins should stay where they are now is the best way to do then go ahead, no one knows your financial capacity and state more than you do. And I agree with you, Bitcoin and the system is a slow and steady process, we all want to make a profit off it after all.

I wonder what the proponents of the idea will say now - "Bitcoin is a good means of fighting inflation, and better than fiat currency" ?

As long as cryptocurrency is a SPECULATIVE asset, it cannot be used as a means of accumulation and storage. It is fraught with huge losses. It is a purely speculative asset, and it can only be "played" by someone who understands how this market works, knows the "signals", and understands how to make money both on the growth of the rate and on the fall. 99.99% of common people do not belong to such people.... Therefore, the advice, to put it mildly, is very harmful for those who do not understand what cryptocurrency is.

Therefore, I strongly recommend that if you give such advice to ordinary people, far from understanding the essence of cryptocurrencies, then guarantee them compensation in case of losses, otherwise they will turn into your enemies :)

The best way I see to avoid the temptation of selling Bitcoin holding during emergency or economic condition is to have vast means of earnings or lock their holding away for some time and the same thing goes for people who are not into BTC they always look for something they can sell or exchange for deal through the pawnbroker.

that is why it is always advisable to diversify your portfolio, not only with cryptocurrencies but with other tangible assets as well. because if one is not doing good in the market, you can opt to use the other asset.
however, you can only lock your holdings if you are very sure that you won't need them in any way. because unforeseen circumstances will give you the reason to pull off some of your assets or else, you will be in deep debt owed to high interest from lenders.

You can lock it if you have extra money, but if not, it is not advisable because we really need it in the future no matter what. Also, locking it is somewhat of a bad thing to do just to make sure you won't be able to get it, but I do prefer having discipline because you can use it in every aspect of your life, so practice it until you get used to it. I know this depends on the person as it is difficult, but if you are having this, you won't have problem holding Bitcoin or any assets.

I agree. Locking your holdings is not as advisable as having our means of income. It may even cause problems, especially during unforeseen situations like accidents or emergencies wherein you need immediate money. Having other means of earning, like other investments and businesses, on the other hand, assures an individual that he/she have a source of money for different things and even unexpected situations.

With the current difficult economic situation, most investments are in the doldrums or losses. I think diversifying in this case also won't work as no investment will give you returns these days. But why don't we think the solution is to always have a savings, a backup money for emergencies?

I disagree with the idea of lock your holdings because life is full of surprises, we never know what will happen in the future. How can we be sure that we will not need to use it in any case, especially in the face of economic difficulties that have not shown any signs of stopping?

It shouldn't be that difficult imo because if you really have a plan of action on how you can keep hodling on to your bitcoin, you will find a way not to spend those bitcoins and you should start hodling bitcoin for the long-term if you know that you have a consistent cash flow like a day job although I can understand that in a bad economy that's a problem as lay offs are a big thing so it's definitely difficult to do that, I guess the luckiest and the one's that have planned ahead for economic problems are the one's will be able to do what I've just said earlier.

Totally agree I live in a third-world country and have a day job and even if I have online jobs my income is not sufficient to sustain the inflation is taking a lot of toils to us, daily wage earners, I could hold my Bitcoin but there's always a point that I need to sell some coins on my portfolio, there's even a time that I have to sell all my Bitcoin because some of the coins and tokens on my portfolio have no value.
For a daily wage earner like us, we need to find ways to HODL our Bitcoin because this is our hope for the future However bad the economy of a country we are in, we need to sacrifice now for our future gains.

Indeed, people who can spare money even in a difficult situation can proceed in holding their assets and not to be bothered by whatever the economy is bringing them.

It's tough, but if you set your plans and you can continue to sustain your needs away from the investment
that you have with your crypto, then it will be good for you once the market start to pump high, keeping and
holding your coin till it reaches your target will bring you decent profits.

I can relate actually since I lived in third-world country. I've earning money thru work plus online job as well so I could have extra money to invest with Bitcoin plus savings. But due to the rapidly increasing of inflation rate, any essential needs especially food are starting to get expensive that my income are not enough to sustain my need since I am also helping in my family's bills. So it also reached to the point that I had to sell some of my BTC just to provide the needs cause some alt coins is not enough. I don't know why the salaries of an average person is still bare minimum but the value of any products are increasing so fast. I'm starting to wonder what the government could take action on this but I suddenly remember my country has debt of trillions  ;D

I'm suggesting that having no direct access to your Bitcoin might be a feasible solution to avoid using it when you're faced with a challenge. Generally, I'm not blaming anyone for selling; it's a personal choice, and I'm not the one to judge someone else's financial choices. In my opinion, there's a pattern here by a small percentage of users that points the finger at those who might be selling during the bear market. It's understandable to anticipate that Bitcoin recovers, but I'd like to remind others that there are no guarantees, and even though statistics show that it's probable to recover soon, we might go through a tough period before that happens.

@AmoreJaz In the situation of the issue mentioned by the OP diversification is not also the solution and the right solution from my understanding locking the investment since the discussion is about how to hold onto an investment in the midst of challenges and emergencies. About the lending, there are lenders on this forum that have good interest though.
@xSkylarx Trust me discipline is not enough in the situation of having an emergency issue that needs funding and the reason why choose locking is to keep the investment intact. Although we can choose to use DCA for the investment in others to fix some area financially.

In times of economic stress it's expected that resources can be spared for other activities,  investments etc and this will mean that people will actually stop saving as uncertainty is present in such a scenario.

On this one it's actually not only about having a bad economy, people around the world aren't relying on one salary unless it's well paying,  but even though this is the case you need to find a way to make extra cash to avoid financial stress that comes from too many bills to attend too..Btw if we look at how our Rich friends make their money, you will find that they don't depend on one stream of income and this is what people need to be adjusting to!

They say tough times, build tough men and if the economy is bad you have to work twice as hard to maintain a good lifestyle otherwise you could lose everything if the fight for a better living isn't doubled. As for bitcoin and hodling,  tbh this isn't for everyone especially that today's small investors want to see results tomorrow which is impossible...bitcoin is for those that don't mind the outcome and are investing in it without any pressure .

Bad economy always makes the people think the reality. Whenever there is something new people easily believe in it, but the real value will be understood in a gradual manner. Inflation have hard hit around the world. People who had predicted well have made prior arrangements to stay away from the crisis. Bitcoin isn't difficult to keep if you were able to secure the security password in a much better place.

It's true for everything. The rich get richer, the poor becomes poorer, and it's up to the middle class to get stuck between this turmoil and fall to poverty when shit hits the fan. It's been like that since time immemorial, middle class being sidelined when they constitute 90% of the workforce. As with bitcoin keeping, the same could be said. The whales and those who have bags to hold are able to accumulate more, while those who have little holdings are pressured to sell as both the bitcoin economy and world economy pushes them to do so. Hopefully this changes when the next bull run comes in but if the outside economy never changes (and I'm not talking about the USD cause it's got nothing to do with most things nowadays anyway) it will all be for naught in the end.

For sustenance, an individual requires sustenance and refreshment—this is an undeniable reality. However, to enhance one's wealth, an individual must engage in investment. Yes, when one is in the stage of struggling to secure daily sustenance, reaching the echelons of affluence, let alone attaining financial freedom, becomes exceedingly challenging. The journey ahead remains extensive.

At the core of all human pleasures lies good health. If a salary merely covers the cost of nutritious meals each day without any surplus, then Bitcoin takes a backseat. Indeed, for those with meager incomes, nutrition remains the paramount concern.

Hence, Bitcoin cannot find universal acceptance across the globe. The matter of sustenance takes precedence over digital tokens for many individuals who continue to grapple with upholding their well-being.

I'm interested in learning briefly about Switzerland, especially the local economy. Reading some people's experiences (https://www.quora.com/Whats-the-dark-side-of-Switzerland), concluding that Swiss regulations and policies will not make you more conspicuous in terms of wealth. This does match your opinion, but this is precisely the dark side.

The country's cost of living sounds high to the ears of the average person around the world, not that they are among the rich in their class. In an old survey (https://www.swissinfo.ch/eng/society/suicide-prevention-day_survey--around-33-000-suicide-attempts-a-year-in-switzerland/45217380) (2017), 33k out of 8 million Swiss residents attempt suicide every year in that country. No rich man wants to die early.

I agree that the condition of economy in a country, possibly ruins the plan for holding the Bitcoin a long time. I've experienced it, the economy in my country is getting worse and the prices of all goods are increasing a lot. My job salary and my savings are no longer enough to deal with the situation. So, I have no choice, I must sell some of my Bitcoin. Since it is an urgent need, I don't care whether it is a bearish (red market) or bullish (green market). This really brings a serious impact to my plan, it reduces almost 50% of my Bitcoin asset.

Discipline is a must but it can be applied on the normal condition. But if we needs urgent money and we have no choice, selling our Bitcoin is the only option left. With the deteriorating economic status in various parts of the world, there are many people suffering their financial. It includes the Bitcoin holders. Those who struggle in their financial stability, probably difficult to keep their Bitcoin. While for Bitcoin holders who have no problem with their financial stability, must be easy to keep holding their Bitcoin. It is the fact that happening nowadays, only Bitcoin holders with strong financial level who can survive and won't be influenced by economic issues in a country.

anyone can have their own opinion but it is not a fact. for me holding bitcoin is an easy investment because I just hold it for long time and wait for the bullish market trend come. it is work for me because I don't care about the volatility and also I made a good plan so I don't disturb my btc investment. I always buy btc at cheap price so I can get good position, I think this is what's make me relax, I don't do DCA.

Inflation is the cause of this,that is why your income might not be able to meet up with your needs anymore. You don't need to start selling your bitcoin only if you have invested more than the amount that you are suppose to invest. This is where the problem lies because when there is an emergency need,you are left with no option than to sell off. That's is why you need to have various means of cash inflow to enable you not sell your bitcoin or you need to invest based on your cash inflow at a given period of time. Inflation can destabilize one bitcoin accumulating plan or your plan to hold for long if you can't be flexible with the changes in the cost of living.

Yes, I have friends that were forced to sell their coins, before they could make a profit. The high inflation and fuel prices are pushing up the cost of food and services and interest on debt are increasing, so people are struggling to survive.

The problem with this are the following... these people say "Bitcoin" is a bad investment, because they lost money or they did not profit. They do not care that they did not have the liquidity to "save" their bitcoins or that it was their decision to sell early.... they just blame Bitcoin.  ::)

I've done some amazing deals in my life, and business 101 includes knowing inflation. Watching folks get taken off guard by it is hysterical. Inflation? that previous foe? The problem is that you're already playing the game incorrectly if you let inflation dictate your actions

In addition, you didn't plan ahead of time if you were selling Bitcoin in the middle of an emergency. It has to do with vision! Do you believe I would have fared as well if I had simply folded whenever things get a bit heated?

streamlining your revenue sources? That's just right! It's important to spread your resources around and not put all of your eggs in one basket. But what is the actual point being made here? You must make wiser financial decisions and plan ahead for the unavoidable. Stop attributing your failings on inflation. Act as if you want to play in the major leagues

I guess your friends fall under the category of those people who need someone or to something to blame for their inability to be prudent in their business.. I mean, Bitcoin never promised that it would stop being volatile the moment they start investing that's why most times when going into BTC investment, it's best to do it with money you can afford to ignore even when things get red because the best way to reap it's fruits is not when you panic and sell, but rather when you hodl.
 It's quite sad that people view Bitcoin as a get rich quick scheme and do not DYOR before putting money that's why when it's doesn't yield positive returns, it gets labelled as fake, shit or as Warren Buffett will call it, "poison".. ::)

We can't know when we have an emergency need, so before investing it's a good idea to know how much we can afford to invest so that in investing we haven't reached the target we have set, we have to sell it. You are right if we don't have a good calculation of our expenses then what we get from our work will not be enough for our needs, so we need to sell what we invest before our target is achieved.

If someone risks their money on someone's advice, whether it's bitcoin or any other purchase, then I will say that you will almost certainly lose your money. It is not enough just to buy, you need to understand what to do next, when to sell, or when not to sell, there will always be too many pitfalls for your boat to reach its destination if you do not have an understanding of how to manage this boat.

When you are thinking about investing in Bitcoin to make a profit in the future, then many things must be considered
You must first be able to meet all your main needs without the need to reduce them because reducing the allocation of funds for the main needs will only make you sell Bitcoin at unexpected times because there are needs that must be met.
If you have a business and set aside profits and buy Bitcoin but can only last for a while because it turns out there are things that must be fulfilled immediately so that you are likely to sell at a loss then you are actually not yet in a stable economy to be able to start investing.
Economic difficulties can ruin our Bitcoin savings and that means we don't have economic stability yet.

Good things like that can indeed apply to everyone, especially if some people are not willing to sacrifice any assets in an emergency, so they prefer to find another job to overcome this emergency. I also quite agree with what you say because for those who really like Bitcoin and don't want to sacrifice it in any situation, they will be more than happy to find another solution as long as this solution can make money and cover their needs in difficult conditions.

The suggestion to have more portfolios or a very varied asset model is indeed good as long as these assets are assets that are already popular and well-known among cryptocurrency lovers. But some people who only have assets like Bitcoin will prefer to look for other options such as working at different jobs in order to be able to make money, even though it's not enough, but as long as the income can help cover their needs, I think that's a very good thing to do. because they can be more flexible in storing Bitcoin and avoid selling Bitcoin when conditions are sudden.

The earlier people realize this the better their Bitcoin HODL journey will be, many people on this forum try saying that Bitcoin investment is for everybody, and for someone like me who is familiar with holding for long term I believe they are all wrong, to prove me really wrong you have to taste what a real bear market feels like, I am very certain that it's distasteful to the core.

The reason why Bitcoin investment is not for everybody is because of the hardship that comes with holding Bitcoin through a bear market, so many people thinks it's a bluff but when bear market start showing how cruel it can be, they start voicing out, posts like getting tired of holding Bitcoin will surface and that's when they will understand.

Buying Bitcoin can be easy but holding for long term is not for everyone, only few people are so disciplined to hold on, even if life challenges are trying to force them to sell their Bitcoin they won't do it.

The more you make money, the easier holding Bitcoin for the long term will be, lack of good income is what makes HODL a very hard task.

Accumulating Bitcoin nowadays honestly speaking is not that easy for the people who make wages every month where its not enough for their expenses. That is why most of the other employed people are still looking for other extra income to sustain and to maintain to provide some of the billings that needs to be pay.

So holding Bitcoin at this moment by simply doing DCA is only good and easy for those who has a good source of income and high salary in the company. But having a discipline with determination I think this could give a bit help anyhow I guess.

The current economic situation can definitely hamper the Bitcoin but I truly believe that it is temporary effect on it. The effect happens because there are always investors who are not entirely into bitcoin and they are entrusted by the reality of traditional economic circle. This means they have very high influence on them when something happens in the market. They can not withstand the fact that Bitcoin is more beneficial when it is hold for long terms so we can not really control the entire Bitcoin movement due to such technical difficulties.

This obviously tells us why bitcoin is highly volatile. There is some bad shit happens in the world and people start selling off their Bitcoin in crazy way. If some celebrity is buying then things are going on green candlestick in no time. I think it's all about the perspective of people and how they look at the Bitcoin. In the long timeline only people with more Bitcoin and higher DCA will benefit.

Better let go what rest of the traditional economy says or does.

I call those people losers who always blame others and never admit their fault, they will always fail no matter where they invest. After all, bitcoin is just an asset and a tool for us to use for investment purposes, and profit or loss is up to us, not bitcoin or gold.

This is the financial market and I won't grieve for those stupid greedy people. The market always has winners and losers and if they are greedy in their stupidity, they will have to pay the price. The reward should only be given to the deserving, it would be unfair if the lazy also received the reward.

Honestly i don't know when it has always been good for the smooth runnings of the economy everywhere, there must always be some challenges factors and moments things may not really work out as expected, yet through this some still find an opportunity investing in bitcoin because they realized the future found in doing so, instead of things getting more worse, you have the better results in your financial economy if investments in bitcoin is made over the years, you can't have same experience with how others do when they are more concentrated on fiat economy.

I am having this very same issue nowadays with ramping inflation and unbalanced increase on cost of living. I sometimes buy and sell Bitcoin just to close my high amount of minus balances of my credit cards. Well its hard to keep up especially if you are paying rents too. Finding new flat to rent is becoming harder and finding cheap flat to buy is nearly impossible with current wages in many countries. I am so sad to sell some of my bitcoins...

 Well, at the end of the day the cost of living is trying to kill the living. ;D..I saw this somewhere on the forum and it had a nice ring so decided to use it as it really explains the economic situation of the world. Majority of the well recognized currencies and even the lesser ones are going under some form of inflation and this is sorely affecting the population, especially the lower income household.
 I won't blame those who don't have any BTC due to financial constraints because you'd first need to meet the most important needs which are shelter, food and clothing before anything else
 When the government of the day decide to get greedy and print more money than is needed, the economy becomes inflationary, but this doesn't bother them as long as they get to line their coffers.

But inflation is also one of the many reasons why we invest in bitcoin. Is it because we think government mismanagement is causing inflation to skyrocket and our fiat currency to depreciate rapidly, and we see bitcoin as the solution to that? So it can be said that we don't keep bitcoins and have to sell it unwillingly, it's our own fault. We did not have a good preparation, no perfect plan to deal with inflation knowing that it is killing us every day.

People invest in Bitcoin for some reason and they would sell them when they are in need. We can't stop them either nor urge them that just hold because some of these investors are weak, they will easily get into panic once they saw a decline. But I don't see it was a problem because this is really how the crypto market works and this is how the volatility showed to us. It is definitely we can't see Bitcoin keep on high but we also see its price dump for any reason that is why we always have to be prepared for what will happen next.

Not only in bitcoin investments but we will also find it difficult to survive in maintaining all other investments. When our financial condition is not okay. Yes, because our priority is to survive and of course we must always be ready to meet the needs of our lives. So in a financially unfavorable condition it would be very natural for someone to start pulling back their investment that he had maintained for a long time. Because after all we can only invest if we are able to meet all the needs in our lives. So it's important for us to always prepare a good income so that our finances are always fine. This is where it is important to build a business and also this is where it is important to have more than one income in our life. But every country has different conditions. So yeah, everyone in every country has their own way of survival.

Very well said. Depending on one source of income is very dangerous for our financial status and needs. We cannot always expect for things to go the way we want them to, there will be unexpected situations that will force us into a corner and will push us to make decisions, hence it is always best to have various options to get a solution. Much like having various ways and source of income,

Financial discipline is required for success in life, not just in retaining bitcoin. If you are financially trained, you will find it easy to manage your wealth during any economic downturn.

There is no need to panic if you invest little sums of money that you can afford to lose or money that you will not be able to use soon in Bitcoin because that money is designed to be set aside for investment, not personal necessities.

These individuals claiming to be investors have to understand what investing is all about, if they don't have the behavior of investor they should stop lying to their self because it'll hurt them in future. They shouldn't be investing with money that they can't lose because that's only when the market dumping can cause a panic because they have gone to over invest amount they can't handle losing. Investing should be done for long term because that's when you can get the best profits.

For the crypto market to be active, there has to be buying and selling going on daily but it must not come from you as we have those that trades and make money from the market daily. Those traders are responsible for the activeness of the market and not you, an investor.

That's the sad truth. That's probably why the age demographic for most Bitcoin owners who will have more probabalities to make it through to the next bull cycle without selling are in their 20s or 30s, and single without anyone depending on them in financial matters.

Perhaps it's also why many people gamble in very volatile shitcoins on leverage. BUT most of them end up with no profit. It would be more productive to save and HODL Bitcoin, and it's a safer way to use limited capital.

I've even experienced something like this, don't care about the belief in Bitcoin or other investments that will increase dramatically in the future but when responsibilities and needs in real life must be fulfilled then we can't maintain anything, I've even experienced losses due to needs I suddenly needed it so I decided to sell Bitcoin at a cheap price.
That is very influential, it is impossible for us to invest when our stomachs are hungry, if we have to be able to fulfill our needs and responsibilities first before finally being free to invest.
What you say is true and even this goes into a person's person, regardless of which country he is in.

That is definitely true and I think it stands for any investment. Since I am from a country which has a poor economy and isn't stable, it's always a thought to pull out/sell my investments to help me out with the situation. Fortunately, I am patient and I've never dipped because of some emergency and I never actually had to. But some people just can't meet ends with their salary so they sell even if they wanted to hold for a profit.

It would be ideal if everyone could invest and hold, but you can't really bet against the economic situation you are in.

Many people who term themselves "investors" are actually just charlatans who have no idea how to truly invest. They act like young children playing in a sandbox filled with money and repercussions. They must leave the kitchen if they can't take the heat

People scatter their money about in an effort to make a fast buck without knowing the fundamentals of long-term investing. Not a game at all! It requires foresight, patience, and a well-thought-out plan. Panic is a weakness

Let's not overlook the crucial role day traders play, though. They keep the cryptocurrency market alive every day, while alleged investors merely observe from the sidelines. These traders are fighters, squaring off against every change and raking in cash. Where credit is due, give it

I guess it depends.

If you're discipline enough, I believe being short when it comes to money is preventable, because you have extras on your bank or maybe in your vault. I assume your friend must put most of his funds to bitcoin that is why he is now being frustrated on how he's going to pay the bills, etc. or maybe his salary isn't that high to sustain his needs and responsibilities as an adult.

That's why it's important to have more source of income to avoid selling your bitcoin in a price that you're going to regret it.

You can be disciplined as much as you want, but if you made a move and some "shit" happens what will you do? Looks so simple when we talk about it, just make more sources of income, work harder, and spend less... but it's not so easy and simple in real life. Sometimes it's pretty hard to keep the balance... and I don't wish to talk about how easier is when you are alone adult and when you have a family to support.

Life puts us in some hard situations from time to time, and we choose what's best for us in that specific moment. And sometimes we choose good and sometimes we slip, but that's life... we can't control everything, but we can't be happy with what we have at the moment, I know I am... with all my bad choices, and I can't say I regret much.

The easy way to hold bitcoin is to not utilize that money which is important for you and for which you think that this amount will be used during harsh condition. Those people who use their emergency fund in investment become mentally disturbed because neither they can use that sum as emergency fund due to fear of loss nor they can leave that amount for longer period because sometimes money become important to handle emergency situations.

If continues salary is possible per week or per month then one can manage situations through planning for it but when there is no hope for money then investment will just a burden for you which should be avoided. I know investment is necessary to continue flow of cash to manage daily uses but if you are not able to use extra sum then don't be involve in bitcoin investment as its risky and you will not be able to take benefit from it.

Your insights are indeed on point, highlighting the issues associated with the decision to continue holding Bitcoin during the recession like economic environment that has led to hardships for all of us due to escalating prices of food and energy. Despite all these challenges, we should exert our best efforts to avoid selling Bitcoin for immediate but modest gains. Instead, we should exercise patience and wait for the halving event, which has potential to reward us with huge gains.

But there are really moments or situations or conditions on which you dont really have no choice but to sell those coins since you are really that in need. Its true that it would really be that better that you should really

be avoiding on selling out your coins as much as possible but just like i said that there are really situations in life on which we dont have no choice but to sell out our coins because we are really facing up some
financial challenges. Its really true that due to bad economic situation on which it is really that a challenge that we would be experiencing tough accumulation in speaking about Bitcoin investment or even on other altcoins. This what makes that it is really that a struggle on doing so and this is something inevitable unless if you do have other source of funds and back ups then you could eventually sustain out.

It do matter on how good you are on having that extra income on which you could really be able to have because economic situations becoming even more worst as the years passing by.

Those that have other funds that can be used in times of need really can survive those hard times and they can skip the temptation of selling the bitcoins that they're holding.

I agree.
But not everyone can be in that position based on the situation that we're dealing with. We can be at the shoes of being prepared when those times comes but not everyone can be.

If we look back at history, bitcoin has always shown a big growth after the economic crisis slowly came to an end. In this case, the growth started unexpectedly, so many people just didn't have time to jump on the outgoing train. and perhaps the growth will start in the near future

When the economy is bad, people may not be able to afford to buy Bitcoin and keep for long because that maybe there only funds that is available for them to spare for a short while so selling it back to the market may not take too long. Now that inflation is increasing almost everytime, people are working for extra hours for them to earn more money from there work because there normal jobs can not foot there bills again. Life is becoming hard for people that are average workers in the society while the rich do not have a problem about get what they want.

Precisely, you can't control things that have not been there yet, with economic situation there're chances that you may be part of those employees
that will be cut off from the company.

Reason to sell your assets and not to continue the hold, though if you have other options or other assets aside from
your crypto, it might be possible to sacrifice those and wait for crypto to pump until it reach your target. It will be
a case to case basis and opinion base decision making.

I remember the time when the Covid 19 pandemic hit the world, The finances of my little family were devastated and we had to move to our parents-in-law's house, even though we only depended on the payment I got from the paid bitcoin signature campaign and it lasted for several months.

slowly our economy is improving and my partner can also make enough money for the family so for now I can invest in bitcoin safely and don't need to sell the bitcoin that I hold when I need money, the point is I have felt how difficult it is to maintain the bitcoin that you have when you really don't have any other income that can financially support your family.

Even in bad economy whoever is determined to Keep Bitcoin would do it. The economy is not going to get any better. Being prepared is the best decision any holder can take. The motivation for every holder no matter the economy situation is that I'm the next couple of months we'd have the Bitcoin halving and the people who will benefit are the people who held. And the possibility of making a fortune out of it is high.

In a bad economic situation it will be very difficult to hold on to BTC if we have little income, but it would be very good if we don't sell it and keep holding on to be able to get a good profit from it. But it would be better if we have enough savings to take advantage of a situation like this to buy it and hold it to make a profit when the price improves later.

When the economy is bad, rest assured our finances will also be put at risk. Seeing there are constant price increase in the market, then it’s hard to afford and trying to make our ends meet when everything is getting more expensive each day. And so, buying and keeping our bitcoin will also be compromised. That’s why we need to really discipline our finances these days. By focusing only on our needs and avoid all that are unnecessary, probably we can still save at least for bitcoin accumulation and holding it for long term. Also, relying on a single job is not sufficient anymore. It’s either you’ll keep on struggling with your finances trying to fit everything or just do everything to increase your sources of income so you won’t live in vain.

Difficult economic conditions certainly have a direct impact on investment performance including bitcoin, when economic conditions are difficult then people will choose a more profitable type of investment even with a small profit margin, government bonds and stocks are usually preferred over other types of investment and risky cryptocurrencies high is of course an alternative.

It impacted everything, as money movements are really difficult to flow.

More on how you project the potentials as even government bond or stocks are also affected and with that situation crypto
or Bitcoin is not exempted, though there're chances that a whale might play and use the venue to make money and play with
the current situation, we never know what capabilities they've got to play with the market.

Of course, it must impact on the investment aspect because people suffer financial problem. When people in a financial problem, they won't have a chance to invest in Bitcoin. Even in a certain condition, Bitcoin holder may spend their Bitcoin to convert to fiats because they need it for basic necessities or urgent needs. To be honest, I'm experiencing this as well, it make me difficult to collect more Bitcoin and maintain my existing Bitcoin.

Regarding bonds and stocks of government, it may be a possible alternative for certain people. But it is not a familiar thing for the common people, I rarely saw people choose government bonds and stocks here. When they are in a financial problem, most people prefer looking for more jobs. They will get additional jobs that can instantly get money. For example, they will choose a part-time work in a shop or they sell daily necessities.

It's not about that, but it's about your endurance during these economic collapses. And the way you handle your finances and investments will surely be impacted like if you've got no other source anymore, that's the time that you have to sell it no matter how hard you wanna hold it for the long term. The more assets and investments you have is better but you just can't hold them forever especially when your finance is badly affected by this type of condition, you have to sell and that's what makes it hard to keep the btc's your are holding.

You have a point here. No matter how bad and difficult economic conditions can go if an individual can still endure not selling and depending on their other financial sources then there is no problem and the economic standing wouldn't matter much. However, if BTC is your only financial source and you badly need the money then you will have no choice but to sell it. It is that simple.

Exactly and that normal. this is where we need to separate personal finances from business, meaning that before these conditions come in and force us to do this, we must all be prepared, for example, create 2 investment accounts and a trading account, or simply say, separating personal savings from business savings will be easier in making the bookkeeping of the business clearer and more structured. By separating it, it will minimize the risk of liability if business income is used for personal purposes. So, we can more easily find out whether personal and business financial conditions are stable or not.

Cut your clothes according to your size.

Bitcoin investment is not a must do or die.

Having a real life job makes things easier for your long-term hold plan.

Today's problem can be big in the eye, but tomorrow remains a mystery, and that's why we need to be prepared, not for today, but tomorrow, things always get more harder as time fly by, and investing in Bitcoin will only make your future better compare to someone who doesn't invest anything.

You don't have to use all you have to invest, a 1000$ invested on Twitter stock years ago is just 3000$+ today, it's still something if you have other things going on in your life, but invest that 1000$ in Bitcoin would have given you a better return of your investment even today.

That's right if you are solely relying your asset mainly on Bitcoin and you can't withstand the economic status of your country and yourself and you have to sell then you have no choice at all. It is the reason why having as many sources of income as much as you can is the best thing that an individual has. You'll be able to hold as long as you can for your Bitcoin assets and then sustain it with the other financial instruments that you've got. For someone who's not experienced and doesn't have the means, it's hard but you need to wise up and build your foundations on it so that in the future you'll get a lot of help from those foundations for the assets that you're building.

I agree with you, people really invest in bitcoin, they have to learn and read a lot, don't just go along with it. If you are serious about learning you will understand the importance of discipline, because bitcoin is awesome. This is what I always hold in investing in bitcoin. Indeed, as you said when holding bitcoin and we are pressed by the need to be forced to sell bitcoin, even though the intention was to invest in bitcoin for the long term.

Therefore we need to know in advance that in investing in bitcoin we must have some income so that our investment assets are not disrupted even though the economy is bad. That's why many seniors say here that investing uses free money, under any circumstances we still have cash reserves so that investment assets are not disturbed.

You right, when having real life job make us easily with long term planning when investing in Bitcoin or spent our money for investing in stock, we need spent investment to several placed although cryptocurrency most promising with better return one day later but not fault with try on other kinds of investment. Although tomorrow still mystery we need good plan for preparing what have to do for tomorrow and investing as much possible when having money is better way.

Its important thing when having with real life job we can invest in bitcoin as much possible, since price still not promising yet Bitcoin investment will be our assets in the future actually three or four year later when Bitcoin break out to higher price.

It is was always advisable you invest with your residual income, so that it won't affect your finances. Nobody invest with his/her entire savings or money. Hence you begin to invest your entire income, you will find it extremely difficult to survive your day to day expenses.
So next time, while investing, please put an amount that you can easily look away even if you're going through some sort of hard time, hard times don't last, it's just a period of time but don't go touching your investment.

True that, we must adjust accordingly.  If  we are lacking in funds, we can look for an additional source of funds to meet our needs.  if we have plentiful enough, we can then set aside the extra for investment.  We must not force ourselves into investment when our income is just enough for our basic needs.  Forcing savings or investments when we hardly meet our basic needs will only affect us in negative ways and often end up in a mess.

So in a time of draught(difficult situation), the best move is to look for the source of water(source of income), planting more trees(investment) in draught can only make us lose all the effort and money since the draught cause the plant to wither prematurely(forced selling of investment at a lost due to the need of funds).

Unfortunately, there are people who does invest all of their money because of greed and frustration. Problem starts with your mindset upon entering any investment. Ofcourse assuming for profit would be a good thing to instill but always consider factors and circumstances. Profit won't come in an instant therefore you should assure you would be able to 'hold into it' for as much time or months needed to come up with profit as your goal. Especially in this industry wherein market price volatility is an obvious thing therefore therew will always be unpredictable price movements which could cost you a lot if you'd panic and choose to cut losses.

i understand what you are feeling friends, difficult economic pressures really make it difficult for us as bitcoin investors to keep holding on, especially if you can't get another job out there then selling the bitcoin you have is your only hope for survival.

but you must be able to learn independently while in bitcoin, you can use the skills you have to sell works of art ^{(for example)} or what services can you offer for a fee in cryptocurrency or bitcoin.

if indeed you don't have the expertise that you can use to make money independently ^{(by not selling the bitcoin that you have)} then you should be able to take part in online classes that often appear on the internet, and try to get additional income from the internet through the skills you learn from the online class.

If you're a bitcoiner and still having the mentality of the fiat and local economy in mind then you're wrong, bitcoin shouldn't be seen or treated the same way we approach other systems because it's an entirely different network, if we want to hold bitcoin, we should then focus on the prospect in making an investment in it rather than looking around the market challenges with the present fiat economy and system, inflation could be one of the most distracting factors which may want to hinder our investment because we may feels things aren't balanced enough for us to have the rendered opportunity for bitcoin investment.

This is a different condition, maybe everyone has experienced it, when they are really in an urgent and important situation, they need cash, while they only have Bitcoin. When they have no more chances to get money as soon as possible and it is impossible to take a loan, one the only way possible is by selling Bitcoin assets.

Maybe for some people, this decision is very unfortunate, especially since this is a bearish period. but for some people, this is the best of the worst decisions, Bitcoin may be searched again, but something urgent may be more important and there are no more chances. I personally have done it several times, selling some Bitcoins for important and urgent needs, when I needed a large amount of money for some important and urgent expenses, and I personally will never regret that decision. What is certain is, we are selling it not just for spree- spree or mere panic arena, but indeed because of compulsion and there is no other way. And believe that with a few more efforts to the dean, we will be able to collect Bitcoin again little by little. Precisely with this, the value of Bitcoin is more valuable to me.

cannot escape the fact that in this difficult economic situation as it is today, everyone has refrained from using their money in the form of investment. even if you force yourself, then as you said, they will look for investments that are definitely safe and are usually connected to the government, even though the profits are not big, but there is certainty and there is a guarantee.
but I prefer if there are more funds to invest in crypto which does have potential such as bitcoin, ethereum, bnb. it only takes time and a lot of patience and don't panic quickly, remember investing in crypto is a long term investment. ???

I quite agree with you on this. Bitcoin investment and hodling is all about sacrifice. Yeah, the economic crunch makes saving a bit difficult but then, it's just like stowing money away in your piggy stash that has been mapped out for something bigger.
 I think hodling was never meant to be easy that's why the term 'holding on for dear life'(hodl) was originally formed, right?
Central banks and the government are debasing the local currencies around the world and the average bitcoiners wants the assurance that even if inflation rises and devalues the traditional fiat, their investment in Bitcoin remains untouched and secure.

This is really true. It's not easy to hold Bitcoin if your income is not enough to cover your overall expenses (food, bills etc.) Bad economy can affect the people especially the minimum wage earner. Therefore if your salary is not sufficient, it's likely that you will sell your Bitcoin because that's what you count on in times you're in need.

But this can be prevented if you're not complacent to only rely on your salary from your day job. Start to look for opportunities to maximize your source to earn. So that you can still invest a portion of your income, able to hold for long and not be tempted to sell due to lack of money.

As generally many investments do. It takes time and patience, general hard work, and knowledge for an individual to maintain good investment and actually see profit from it. I believe the investment in crypto should be among the last options to use in case financial problems keep rising and the need for money gets so unbearable that normal financial sources cannot cope.

In any investment when the economic situation is difficult, there is no investment that can be maintained, regardless of future possibilities, knowledge and patience, but the basic needs in life must still be fulfilled.
So we have to be able to find a way out, for investment to continue and the economic situation to remain stable, those are two things that must be in sync, otherwise the two cannot work.

It all goes back to our economic situation in life, if we can't manage the economic situation in life, of course it will be difficult for us to implement this, Bitcoin hodling is indeed good and has pretty bright prospects in the future, but that doesn't necessarily improve or maintaining our economic situation and it must be remembered that no one can run away from risk, Bitcoin can go down at any time, and resiony

Worst scenario is that when you suddenly lose your job and you still have bills and loans to pay, so you end up losing all the chances to keep your bitcoins longer but have no choice than to sell them even at a bearish market. This is why we don’t have to rely in one source of income no matter how stable it is. It’s still best to increase our side hustles because once you have 2 or 3 more sources of income, no matter how bad the economy is, I guess your finances will never be much triggered.

Well what you said makes a lot of sense, this is a natural problem that can happen to everyone, especially those who are struggling to hold Bitcoin, but beyond this what can we do? in conditions like this there is really no other way or other options that can be chosen except to sell it even though you really want to hold it, and if there is great potential that tells you to hold Bitcoin again then I don't think you will choose that path. Would you let your stomach starve by continuing to hold Bitcoin for a longer period of time? I don't think so, everyone thinks that their life is more important than anything else, and you would definitely choose to sell some or all of the Bitcoin you have to solve bad economic problems. So, whatever you have, you have no choice but to use it to survive.
You said the right solution, finding an extra job is better.


Well that's right, I agree and there really is no other choice but to utilize whatever we have at that time. Even though for example we have managed the economy in any way we can such as saving costs for example, there will still be times when something unpredictable happens to us someday, such as for example your business going bankrupt and leaving a lot of debt. Using cold money or money that is tried not to be used by some needs to then be used to buy more Bitcoin, you use cold money with the aim of being able to hold it longer, but still if you find conditions like this there is no other choice that can be chosen except to sell it. Holding Bitcoin is great but you also have to think about your life.

"We all want to make a profit" But the problem is that not all can HODL long enough to make it happen but these people can try trading instead or short-term investing by starting to buy at the dip. If we badly need a money but we are still at a loss if ever we will sell our Bitcoin's, it's better to think of other ways first to have a money.

Maybe we can sell the item that we rarely use? Or we can also take a loan? But if only we learn how to budget and save up and maybe add another lite job to earn an extra income, we won't end up like that. We should not put the blame on the bad economy or on how our government runs it. The problem is only us.

Thinking of other thing to do is not about trading your bitcoin because that is a very risky thing to do. Trading is not to be advised because it is difficult and you can lose all your coins. It is better with hodling it or you sell it if that is the only asset you have to safe yourself from financial challenge.


The problem is not on the people but bad government. If government provide good economic incentives to do business then people will be glad to struggle in business. Incentives like soft loan or interest free loan with very low repayment percentage then businesses will fluorish. If government policies reduce taxing on small business (SME) and encourage farming by supplying fertilizers, crops the economy will improve because it will add to the GDP.

People think that  managing a whole country system is easy and they want a steady positive economics status but this is just our thinking and if we itself given a chance to handle economics system then we will realize that it's not quite easy as we think. economics state of each country is different and if our country facing economics crisis then we should build our country instead of blaming government.

Bitcoin is worthy to hold for long term but if we have no other ways to fulfill our need then we shouldn't hesitate to sell because living happy life is our first priority. There will be many situations in this world that we will have to sacrifice our precious things. In these ten years i remembered many times that one coin I bought to hold for 5 years at least sold out in 2 years because of bad situation and when everything become normal I got these coins again.

Countries are comparable to enormous corporations, in which each citizen is a shareholder. What is your position on citizens contributing rather than simply complaining? Good thinking, right there. Nobody could have said it better

When discussing Bitcoin, we are discussing the future. Life, pleasure, comes first always. If selling that valuable Bitcoin will get you out of an impasse, you should do so. I've witnessed so many people who bought low and sold high, but wonder what? They are still available for negotiation. Because existence consists of one extraordinary event after another

You're selling and purchasing again? Its okay. But remember, next time, perhaps, perhaps, you should hold on a little longer. Because Bitcoin, it can only go up until it doesn't. However, that is a tale for another day. Trust yourself

There's a little solution on that, if you are in need and you are holding. Try to measure if you can keep and still hold a lot from it, like selling a little by little until that needs of yours is filled.

Yeah, we can't just dictate the situation and if we're in need of it and your last option is to sell then you will be forced to sell. Can say that we can always accumulate.

But, if that happens we will never know how high the price will be if we go back and DCA.

As much as there is a certain degree that the government is responsible for our financial situation such as the lack of job opportunities and low income for public and government workers (which is a whole new discussion, I am very hesitant to touch since it is different in every country), we are ultimately responsible for our own situations. It is our actions, decisions, and even lack of those that lead us to where we are. See, the problem is, most of those who are putting the blame on others like the bad economy and government, are those who are letting themselves be stuck in a bad situation, letting themselves just be there and believing that there is no other way out as their initial plan and ideas did not work or resulted to a negative outcome. Moreover, these "complainers" (as I'd like to refer to them) do not find ways to acknowledge and solve the problems but instead, let the problems devour them and find other means to blame and run away from their responsibilities. The key to ensuring that you are able to move forward, despite the hurdles that outside factors bring (including unexpected situations) is to stick up for your decisions and actions, even if they bring more problems and negative outcomes, if you take responsibility for these you will learn to solve them one by one and find a way out of them and turn bad results to opportunities.

It will indeed be a dilemma when we need something and the choice is to sell bitcoin. If it is the only way then we can do it, but remember the outline "if it is the only way". However, if we still have several other solutions, then it is better to avoid it, especially if our investment has just started and has not yet made a profit, in my opinion it is a 2-fold loss.
Again we are talking about good planning here. If we can do that I think we can avoid it all. indeed something difficult comes cannot be predicted. But we can prepare well in advance.

That is really a difficult situation and decision to make. You'll be needing to decide if you sell it off because you need it for emergency purposes or you take out a loan just for that emergency thing. You really need to think but again if there is a will there is a way meaning we will find another way to get that money that we needed because selling it is for sure we are at a loss so we will find a way to like hold it more and probably if we can profit from it that is the profit that we will be paying for that debt. So again it is just our decision if we don't have another choice like zero choices then you'll need to bail out and sell it off.

I wouldn’t lie it is very difficult here as well, the economy is very tough and the high cost things have affected us here too. In my country things get cost every now and then and the amount we spend for the month to cover our needs and wants is barely enough to last us 2 weeks and the salaries earned by workers is no more sufficient for them and their families and a lot of us who try to save up one way or the other turn to our savings for survival. The economy is not friendly and holding bitcoin for the future is becoming more difficult, saving part of my bitcoin earned from signature campaign is even more difficult and instead i spend some part of my holding when the need arise because my earnings is not enough to live on anymore. I hope things get better so i can hold my bitcoins for the upcoming bull run.

It’s true, people in countries with a stable economy and good jobs will find it easier to save and hold bitcoin than those in countries with unstable economy and scarcity of jobs and employment opportunities. You will only be able to save when you have food and have all your responsibilities and needs taken care of because only those alive have a future and it’s better to live comfortably and have no savings than to leave all your needs and responsibilities unattended and have a lot of savings.

Yes, it's like your very last choice and you did everything to think of and pull anything that you have to pull.

Someone who's sold his bitcoin and tried to find any other solutions but still ended up with selling it, I know that they have tried hard but it's just  that there's really no other option left anymore to them.

It is understandable but I wish that it won't let them down.

Poor planning from the beginning is the reason behind all this conditional selling of bitcoin. You know what you earn weekly or monthly and you know what you spend as well as your savings. After you have a reasonable savings, you can take part of it to invest in bitcoin which is not part of your calculation again. I mean you should consider it as not part of your asset until when your target is hit. In the case of emergency, you can spend from your savings and no need for you to sell your bitcoin.

Planning is the key to success. You can not invest bitcoin with whole of your savings and expect miracle to happen when you are in need.. It's better to invest a little amount in bitcoin for a long time than to be in haste to invest heavenly and run in bankruptcy that will lead you to sell it within short period of time with possible lose.

I think put the needs first. if you really have to take part of the bitcoin investment for needs why not. and it would be better not to focus on just one asset, bitcoin does have good growth, but wouldn't it be better if we didn't just put it in one basket. try to invest where it is more promising within the time that can be targeted. Bitcoin has high fluctuations, even waiting for the trend to return takes several years, therefore we must try to invest in something more stable.

In some parts of the country, some people are finding it difficult to eat a three-square meal, not because they don't want to eat but because they can't afford it. I don't think anyone will be having bitcoin in his or her wallet and will still want to starve himself, definitely, they will sell maybe some part of the bitcoin just to take care of the necessary things that they need to do at that particular time, and at the end, they will be selling the bitcoin gradually till they sell all their bitcoin. They have the intention to hold the bitcoin, but they don't have a choice, so they have to sell.

When you are holding bitcoin, you have to be disciplined, but sometimes you won't have a choice but to sell. If you are having some health challenges that you need money to solve and the only money you have is the bitcoin you are holding, you won't have a choice but to sell your bitcoin just to take care of yourself.

Whether you do like it or not which your main priority would really be your needs on which you would really be ensuring or assuring that you would really be able to make yourself provide and sustain

or give on whatever your family needs in terms or survival on which as a family man or person then you would really be having that kind of obligation and responsibility. You would really be only thinking about on other things if you do see that you do have some extra funds whether it would really be stored up as savings or would really be used on finding for some business or investment for you to be able to make out that another kind source of income. We arent blind on how economical problems that we do experience could really put up us on the hard situation on which leaving out no choice but to spend to those money which are really that intended for investment.

Just like on what we are really that pertaining which is on Bitcoin holding which there are really that moments which we cant really be able to avoid on spending
specially if we are really that in need of money or really just that short.

The problem lies with both the government and the people. A lot of people blame their woes and problems on the government despite not doing anything themselves to change their situation. A lazy individual would always find someone else to take the blame for a bad situation.
Admittedly, the government should always step up and try to increase the standard of living for its citizens but you wouldn’t expect the government, having not enough resources to satisfy everyone.

Incentives meant to encourage entrepreneurship and growth are in some cases, available to the public but a lot of citizens willfully remain ignorant waiting and relying on handouts from the government.

If what you mean is the daily needs that you have to provide in life, I think that should be separated from the capital that will be brought into any investment. So, if you want to focus on several investments for your future, try applying a percentage pattern that you can divide into several other valuable assets besides Bitcoin. But you have to remember that Bitcoin is the best asset that has been proven for years.

So putting a larger percentage of capital into it is a very appropriate thing so that you can use the rest for other things if you like to put capital in several investment baskets. And also coins other than Bitcoin usually won't immediately increase in a short time or within a certain time if Bitcoin doesn't move well in the market, but if you like stable investments for now, I think you need to look at investments like Gold and also stable coins others where the level of risk of loss is always small, as well as the level of profit that you can get from both.

If it really happens, it surely makes us to have no choice. Even worse, if we have no savings on banks and have no other assets besides Bitcoin. Selling the Bitcoin is the only way to deal with the situation. If it happens to me, I also won't think twice to sell it even if it is still in the red market. When it is related to the urgent needs, we will sell everything that can fulfill the needs.

Sure, we don't rely on Bitcoin investment only, it is better to diversify our assets. Ideally, we also have stable coins in our wallets, we can sell our stable coins when the market is red. The price of stable coins like USDT or USDC tends to increase during the red market. So, it can be the right solution whenever we need fiats when the market is dump.

Anyway, it is surely better if we have some jobs. When we lose 1 job, we still have another job. But we need to divide our focus when we have some jobs. Although we have 1 main job, we must have enough time to handle side jobs as well. If someone only can focus 1 job only, they are unable to run some jobs.

Investing is important and really good, and if you're not disciplined enough it becomes really difficult but at the same time no one should ever invest at the expense of meeting pressing needs. Bad economic situations will always come go creating upstreams and downstreams of the economy. It may lead to many people losing their jobs and many business going bankrupt,so a person should always have multiple sources of income making it easier to invest .And also, there are wallets which hold Bitcoin as if it's a fixed deposit account. You may want to try one of those if your discipline is playing games on you.

Selling bitcoin on the red market or selling without the plan we have set out is never a comfortable feeling. But there are more important things in life than bitcoin, and the purpose of investing in bitcoin is also for us to have a better life. So I won't hesitate to sell my bitcoins if there is no other solution.

Having multiple sources of income, lots of savings, many different assets...is what everyone wants. But what matters is how many people are doing it. It sounds easy to say but we even struggle to save little by little, so how can we have so many savings, so many different assets? It's very difficult to do that these days.

I agree though it can't really be helped even with those plans but all of a sudden, a big money is needed to be spent and there's no way that the current savings in fiat is enough.

They tend to even touch the investments that they have and one of it is Bitcoin. And the harder part is what if it is only bitcoin that he's invested. I can't blame those people even if they know how much they're earning the entire time.

We all have needs to cover and necessities to be filled. But I do agree that with planning, these things can be avoided and foreseen but not everyone can make plans when what they earn are just mostly enough and bare for living.

Planning is necessary and extremely important for any man, especially those who are married. Because if we miscalculate, the people who will suffer the consequences will not only be us but also our children. But do you know the future? Do you know how much money you will spend in the future? And do you anticipate the unexpected things that will happen to you? Especially with the current weakening economy.

Don't assume everyone has a bad plan and you have a perfect plan. They still have a plan for their life but it depends on their income. If they don't have a high income, how can they have large savings? There are many things to consider when planning.

Like you asked above @fuguebtc, if anyone knows the future, no, no body knows the future. That's why sometimes people plan life, but this life turns bad for them and some of these people start thinking about whether it's the end of it all.

Also, no body knows how much he or she will spend in the future. No one knows, that's why it's good to always save money. Saving money until you give up (dies), so that even if the person is no longer existing, the children of the person will not suffer. If you don't know how much to save, just save, so it will not look as if you don't think about tomorrow.

Yes, the current economic situation in some countries is getting harder, like my country, if you don't plan ahead. Sorry to you. Although there are good jobs, even with a good level of education, you can't be employed if you don't have any relations or friends there.

In this life there are only a few people who plan things and it happens for them accurately, but not all the time.