Sell now at 9.5K or use emergency cash?

[AppliedOptimal]

My car broke down and my mechanic said the piston rings are broken. I am in Europe and workmanship is expensive. I am thinking about selling some BTC for repairs and then another car. A friend of mine said he will sell his car to me for bitcoin. This is great and shows adoption is almost here.
I am pretty sure that if I sell, the price will increase, but I definitely need the car for groceries and other trips such as work, fun, etc. Taking the bus here is simply torture.
I could keep the repaired car but this is the second time it is giving me this error, breaking piston rings and this time I need trigger chain replacement, and other repairs as well.

My wife just told me we need to purchase book sets for both our kids. They are in private school and you need to purchase all the books and the experiment sets and all these cost good money.
 
I never sold a single Satoshi I always bought. I am thinking maybe it is time to start selling some. Maybe I can sell some eth instead.
Everyone can buy and HODL, but when you need money, you may need to sell even though the price is cheap. I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

[1714981580]

1714981580

[1714981580]

1714981580

[1714981580]

1714981580

[1714981580]

1714981580

[Twinkledoe]

Honestly, if I have emergency cash, I would use that to cover the expenses first because deep inside myself, it is saying that bitcoin's price will increase. However, it is your prerogative to act on that. If you feel comfortable on selling your bitcoin, it is your choice because that's your money. But to wait when will the bitcoin reach to the level that you want, would be a hazy one. We can't exactly predict when will it increase. You might be waiting in vain in case you are waiting for that moment. But if you finally decide to sell some of your btc or eth, you should not look back at that moment. Move forward because if you keep looking on that moment, you will be crazy just thinking of that, if in case their price increases.

[gentlemand]

What type of car is it? I've never heard of anything eating its rings like that, let alone twice, and I've done some intergalactic mileages. There must be a giant design flaw or you have a crappy mechanic. And is repairing it and selling it going to net more than just selling it on Ebay as is?

Of course the price will rise after you sell for a need. That's the law of the cryptoverse. But you also need to think about what makes your life tolerable today, not just some point far off in the future that may never arrive.

[maianh09]

I think you should still fix your current car, wait until the price goes up and buy a new car from your friend. If you decide to exchange Bitcoin for a new car at present is the wrong decision. Prices may rebound to $ 11,000 in the following days. Think carefully before making your decision. I believe you will make the best choice.

[cabron]

Your BTC can be your emergency cash for now, you can withdraw it anytime you want but use your emergency cash until you badly needed to withdraw your investment like BTC. You're right 9500 is just too cheap to sell but if you have bought them for 8k or less, you didn't lose anything at all.

What type of car is it? I've never heard of anything eating its rings like that, let alone twice, and I've done some intergalactic mileages. There must be a giant design flaw or you have a crappy mechanic. And is repairing it and selling it going to net more than just selling it on Ebay as is?

Of course the price will rise after you sell for a need. That's the law of the cryptoverse. But you also need to think about what makes your life tolerable today, not just some point far off in the future that may never arrive.

My thoughts so. Broken piston ring rarely happen even for a car that I use heavily so where the hell did this guy go from east to west in a day?

[The Cryptovator]

Why are we holding bitcoin? Answer is simple, for our need. If we think bitcoin will go $100K and its possible to go but question is, when ? If we can't use bitcoin when we need then why should hold it? Family and our needs is more important from bitcoin. Bitcoin could be regain/rebuy again. So I will not suggest to use your emergency fund. Who know when need it, for example someone from family is sick seriously and you need real money immediately, perhaps you will not able to sell your bitcoin instantly. So you could use your reserve fund that time. I will suggest sell your bitcoin when you need for family or for you and try to rebuy it slowly. So you are not going to miss even there is bull run.

[Upgate]

If the need is pressing and you don't have any other avenue to monster up cash you can sell your bitcoin your comfort should be taking into consideration. But if you can still cope with other means if transportation then you can hold

[dothebeats]

My car broke down and my mechanic said the piston rings are broken. I am in Europe and workmanship is expensive. I am thinking about selling some BTC for repairs and then another car. A friend of mine said he will sell his car to me for bitcoin. This is great and shows adoption is almost here.
I am pretty sure that if I sell, the price will increase, but I definitely need the car for groceries and other trips such as work, fun, etc. Taking the bus here is simply torture.
I could keep the repaired car but this is the second time it is giving me this error, breaking piston rings and this time I need trigger chain replacement, and other repairs as well.

My wife just told me we need to purchase book sets for both our kids. They are in private school and you need to purchase all the books and the experiment sets and all these cost good money.
 
I never sold a single Satoshi I always bought. I am thinking maybe it is time to start selling some. Maybe I can sell some eth instead.
Everyone can buy and HODL, but when you need money, you may need to sell even though the price is cheap. I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

Personally I'd ditch the car and buy a used one with way less problems than the one I currently have. Normally, bad piston rings often stem into more engine problems and you may have to replace the whole engine as a whole or get the top part overhauled (which also costs good money, somewhat on par with a used car) and if you're on a budget, that's definitely a no-go. I'd rather sell my bitcoins to fiat and just hope for the best, at least I used the coins into a useful cause compared to just having it sit there and hope that something will happen. Also, it will be one of your first purchases/expense with bitcoin (in a non-direct fashion) so it's a good thing. Emergency money should never be used in situations such as this, that's why you call it 'emergency' for a reason.

Also, this is more of a personal financial advice rather than a bitcoin-related matter. Take what I said with a grain of salt, and the final decision would always be yours as it is your money.`

[figmentofmyass]

I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

i don't mind selling some coins here and there, but as a swing trader, i try to time my sells optimally when the price is high. in contrast to now---we're 2+ months into a bearish correction and 31% down from the highs. based on the monthly trend, we're probably gonna be testing $20k in a few months, so i'd hate to be selling now. so if it were me, and it's safe to dip into the emergency cash, that's what i would opt for.

don't worry about the larger philosophical questions of how hodling vs spending affects adoption. bitcoin was designed around human rationality, so let's just stick with that.

[TimeTeller]

Personally I'd ditch the car and buy a used one with way less problems than the one I currently have. Normally, bad piston rings often stem into more engine problems and you may have to replace the whole engine as a whole or get the top part overhauled (which also costs good money, somewhat on par with a used car) and if you're on a budget, that's definitely a no-go. I'd rather sell my bitcoins to fiat and just hope for the best, at least I used the coins into a useful cause compared to just having it sit there and hope that something will happen. Also, it will be one of your first purchases/expense with bitcoin (in a non-direct fashion) so it's a good thing. Emergency money should never be used in situations such as this, that's why you call it 'emergency' for a reason.

Also, this is more of a personal financial advice rather than a bitcoin-related matter. Take what I said with a grain of salt, and the final decision would always be yours as it is your money.`

If I would be in his position, I would probably do the same thing as mentioned above.
Buy a second-hand car with good history rather than trying to fix his old car that might cost him more later on/buying a new one.
Buying a new one might not be practical at his present situation.
And as someone also brought up, I think there's no problem selling his bitcoin if he bought it at a much lower price than 9.5k, right?
He already gained profit and he is addressing his daily issue in terms of transport. So I guess, he's already in the win-win situation.

[MonsterV]

I think you should still fix your current car, wait until the price goes up and buy a new car from your friend. If you decide to exchange Bitcoin for a new car at present is the wrong decision. Prices may rebound to $ 11,000 in the following days. Think carefully before making your decision. I believe you will make the best choice.

But OP does not have cost to repair car, damage to piston ring requires a very expensive cost, therefore OP wants to sell its BTC to repair car. I think OP's decision was right, car was too old to be used, it should have been replaced, if it continued to maintain its old car same thing could have happened because OP had experienced something similar second time.

OP is right because we can sell our BTC when things are urgent, daily needs are more important. I understand what you mean by that BTC might return to $ 11,000 but BTC is currently just break in support area and I think it's better to sell BTC for more needed things. If OP have leftovers, it's better to reinvest.

[FinanciallyFreeFox]

I would use the emergency cash or sell the Ethereum.

Or another option is fix your car and then sell it.

I don't know if it's an option, but can you use a push bike for transport instead of the car?

Personally I prefer to go wihtout the luxuries so that I can invest in my future.

I put my investments as my top priority over everything else, because I know I can make the money for essentials like car repairs, food etc.

We will always find a way for these things.

But if you don't put money away for your investments then you will always have an excuse for not saving, or for dipping into them.

That's just me though.

Also I wouldn't use the excuse that Bitcoin needs to be spent to increase adoption, that stage will come, but Bitcoin is too volitile to be used as a currency in the next few years.

It needs to be a reliable store of value first, and then a currency much much later.

I wouldn't think of it like you are going to be spending $9.k, I would think of it like I am spending $100k, because time is going to fly by and that Bitcoin is going to be worth 100k.

[rdluffy]

There's no problem if you have to use your BTC to fix your car, or to buy from your friend, it's an emergency and everyone is susceptible to sell BTC for this kind of situation
You should be glad because you have the money to do all of this, and you can get money after that

[vintages]

Car insurance would have covered this up if you had one.

Nobody is against one spending their Bitcoin, its just that sometimes, when you sell low, the price might increase then it becomes a lose.

My suggestion; you should choose from either repairing your car or buying a new one. Don't do both at the same time. Most times, we don't gratify all our immediate needs all at once but gradually. And instead of spending all Bitcoin at once, take some funds from Bitcoin and some from the emergency money to solve your problem. This way, you won't be losing totally.

[jossiel]

At what price you bought the bitcoins that you are holding today? we're holding because we want to use and profit on it in the future and I think the right time came for you. And if you are in this kind of situation and you have no other option or spare money to spend.

You have to do the right thing, if I'm on your shoe, I'll leave an acceptable amount for my stash and won't sell all of it. But if the case is different and it requires you to sell all of it, I guess you need to do the right thing although it may be hard for you.

[harizen]

What do you think? Use bitcoin or keep holding and use emergency money?

Nah, don't be confused about what to do.

If you need money for "necessary" things don't hesitate to convert your BTC if you currently DON'T have any choices to cover your expenses. If you can live or work properly without a car, then that's good to save your precious BTC. You have mentioned that you have emergency cash if that's enough to cover the expenses then good used it first.

Going to your concern about the car, analyze the cost of replacing Piston Rings and labor fees. Also, consult with other mechanics to have their second opinion. See if it's worth to spend for replacement or just add a bit for working second-hand car. Consider also how old the car is. Both of your BTC and emergency cash is at stake here so see if it's worth to spend it for replacement.

Bitcoin has a great future but you don't need to overreact to the point you won't sell anything even if it's badly needed. You can re-purchase BTC anytime if you really believed that holding for long will be paid off.

[ralle14]

Hold your Bitcoins, it's better to use the emergency cash you have before turning your Bitcoin to an exchange. It's also not a bad decision if you're leaning towards trading your Bitcoin for a car to avoid the troubles of repairing it again in the future. If you don''t want to spend your Bitcoins for now then use your altcoins since you mentioned selling eth is another option. Without the numbers it's difficult to decide but if the repairs on your old car is costly then buying the car from your friend is probably the solution.

[pooya87]

usually you never invest all your money in different things, you should have kept an "emergency cash" at hand for this matters. not to mention the popular saying: "never invest what you can't afford to lose". but it seems like you didn't do any of that so the answer is sell some now disregarding the  current price and what it might be soon, and try to have better plans in the future, have some emergency cash lying around so that you don't get stuck like this.

[todiboa]

Now it’s very unprofitable to sell Bitcoin, but if you do not have a way out and urgently need money, you need to sell Bitcoin for sure

[zviadits]

Use emergency money, you will lose a lot if you sell Bitcoin at $9.500. Be patient and keep calm, try to save a coin

[Tylev]

Of course, we all expect a good increase in the price of bitcoin in the fourth quarter of this year, that is, in the next month. Therefore, of course, it is not wise to spend your bitcoins right now. If possible, it is better to use other means of payment. Of course, if there is no way out, then there is nothing to be done. You won’t get anywhere from running expenses. In this market, we miss a lot of good chances and good opportunities. However, we hope that we will still have many such chances.

[imstillthebest]

But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

there is that people that will buy and use bitcoin . mostly they are business owners and they are using bitcoin to pay for thier workers or to pay for other service while most regular people will only prefer to hodl thier coins  .  if your own an emergency scenario that financial is needed and you dont have any funds to use then i think its better to use some of your coins , you said you have eth then go use eth first if those arent enough then use bitcoin  . cryptos can always be obtainable but your personal life is more important   .

[Baofeng]

If I'm in OP's shoes, the decision is very easy, sell some of my bitcoin stash because of my emergency situation. Actually it did happen to me once in 2017, something came up in IRL that I need to liquidate almost everything can to cover the cost of daughter's hospital bills.

[Kakmakr]

Your car breaking down is an emergency, so I cannot see why you are not dipping into that for this repair? Let's say the price of bitcoin skyrocket now and you sold most of your bitcoins to repair your car, then you will have to dip into your emergency funds to quickly buy bitcoins at a higher price to capitalize on the Bull market price?

I just paid a lot of money for the complete replacement of a head & valves that seized, so I share your pain.    I did not touch any of my bitcoins to pay for this repairs, because I am going to fund this repairs with the future profits I am going to make on the Bull market that are coming. <Pretty confident that it is on the horizon.> 

[Jet Cash]

We need more information. New cars can create more problems and expense. Buying a used car can take you down another repair route.

What is the problems with your current car? I don't know what a trigger belt is, but if you mean a cam belt, and your engine has an interference head, then you may have bent the valves. The only reason that I can think of for broken piston rings is piston slap, and the second breakage may have resulted from an incorrect repair the first time. It sounds like a high mileage engine, and I would consider an engine swop from a crashed car. It isn't as hard as it sounds if you go for the purchase of the same model of engine.

[bryant.coleman]

Yesterday I sold BTC0.055 for around $500 (less than 1% of my holdings). I was short of liquid cash and had the option of selling either my coins or the equities that I own (both the assets are down now). I chose the former. I am sure that Bitcoin will surge upwards during the coming months. But I am not sure how much time it is going to take.

I would definitely not recommend using your "emergency cash". As the name implies, that amount is only for emergency purposes. If you use up all your emergency cash, and in case the Bitcoin exchange rates go further down, then in the end you may incur even heavier losses. This is my suggestion, but you need to take the decision on your own, as it is your money.

[shoreno]

you do have your own problem but its funny that your still thinking of the adoption thing   . just forget about the adoption . bitcoin is already popular now and will be more adopted in the future because your not the only one that hodls a bitcoin  . there are way too many bitcoin users that are selling and buying btc  ocasionally  .  when it comes to your own problem , you should better use the emergency money and not the btc because btc is down these days .

[Reatim]

There’s no one that can tell you what to do because those are you coins and the needs is also in your decision

But for me since you have emergency cash that you’ve mentioned,I guess you can have another option to think if will continue to trust bitcoin(the can bring you another card in future)or just sell them to cover the needs

Either way you will be the one to make it happen


Kindly consider holding Bitcoin mate because the future is near to achieve and cash can’t bring us those

[freedomgo]

You have a bad investment plan, your situation now should not affect your decision making with your holdings, because when you bought BTC or whatever coins you are also holding now, your main purpose is just to sell it as profit.

Don't be force to sell, I suggest use an emergency funds if you have or just borrow money.
Never touch your investment in emergency situation as it's a bad idea.

[yoseph]

I suggest that OP should make selling his cryptos his last option and when all other avenues leads to nowhere only then should he consider selling his Bitcoins and he claims he has some ETH,  I suggest that he either borrow money from somewhere or sell some of his ETH for his current situation.

[AppliedOptimal]

Your BTC can be your emergency cash for now, you can withdraw it anytime you want but use your emergency cash until you badly needed to withdraw your investment like BTC. You're right 9500 is just too cheap to sell but if you have bought them for 8k or less, you didn't lose anything at all.

What type of car is it? I've never heard of anything eating its rings like that, let alone twice, and I've done some intergalactic mileages. There must be a giant design flaw or you have a crappy mechanic. And is repairing it and selling it going to net more than just selling it on Ebay as is?

Of course the price will rise after you sell for a need. That's the law of the cryptoverse. But you also need to think about what makes your life tolerable today, not just some point far off in the future that may never arrive.

My thoughts so. Broken piston ring rarely happen even for a car that I use heavily so where the hell did this guy go from east to west in a day?

I bought back in 2017 when it was between 3500-5000 Euros and never sold one satoshi. Only sold eth and others for converting them to bitcoin.

I don't know if it's an option, but can you use a push bike for transport instead of the car?

It is not an option. We will be taking the bus until the repairs are completed, which sucks ass. We are happy that kids books aren't in the calculation for now, but we will need to get that in a week or two I believe.

Don't be force to sell, I suggest use an emergency funds if you have or just borrow money.
Never touch your investment in emergency situation as it's a bad idea.

I understand your point of view, but I am in between two holdings. One is my investment, as in bitcoin, and the other one is my emergency cash, in the form of paper Euros.

Yesterday I sold BTC0.055 for around $500 (less than 1% of my holdings). I was short of liquid cash and had the option of selling either my coins or the equities that I own (both the assets are down now). I chose the former. I am sure that Bitcoin will surge upwards during the coming months. But I am not sure how much time it is going to take.

I understand this, and kinda agree with it. The only problem is that it is kinda expensive to get the bitcoin I sold not only due to high fees and sending money across banks but also because I have been trying to keep stupid banks out of my life. So, if and when my situation gets back on track, I may have hard time getting my bitcoin back. That is the reason I am having hard time deciding. Being a Libra does not help either (we have hard time deciding on things.: https://www.allure.com/story/libra-zodiac-sign-personality-traits)

Your car breaking down is an emergency, so I cannot see why you are not dipping into that for this repair? Let's say the price of bitcoin skyrocket now and you sold most of your bitcoins to repair your car, then you will have to dip into your emergency funds to quickly buy bitcoins at a higher price to capitalize on the Bull market price?

I just paid a lot of money for the complete replacement of a head & valves that seized, so I share your pain.  Angry  I did not touch any of my bitcoins to pay for this repairs, because I am going to fund this repairs with the future profits I am going to make on the Bull market that are coming. <Pretty confident that it is on the horizon.>  Tongue

I agree with some of the points other posters are making, but this sounds convincing. Yes, I think car breaking down is an emergency. I gave them a call today and they are still working on the damn thing. The shop had to send the engine to another specialist shop and they are waiting for the engine to come back. They will be adding larger and stronger piston rings, so it will be a custom job to make the engine being able to withstand more power.

i don't mind selling some coins here and there, but as a swing trader, i try to time my sells optimally when the price is high. in contrast to now---we're 2+ months into a bearish correction and 31% down from the highs. based on the monthly trend, we're probably gonna be testing $20k in a few months, so i'd hate to be selling now. so if it were me, and it's safe to dip into the emergency cash, that's what i would opt for.

Sounds good to me. I am not a day trader, but I think my feelings on not selling are correct.

[Reid]

True.
There is a need for usage so that it can circulate more.
Yes, there might be still a lot of spare out there but it feels really good when you are using something different in a store full of people.
I guess that is just me. I want to be different than anyone.
That might also be the reason why I am here.

Soon, it should be usage that should be pushed and not just investing.

[Lucius]

I bought back in 2017 when it was between 3500-5000 Euros and never sold one satoshi.

I understand this, and kinda agree with it. The only problem is that it is kinda expensive to get the bitcoin I sold not only due to high fees and sending money across banks but also because I have been trying to keep stupid banks out of my life. So, if and when my situation gets back on track, I may have hard time getting my bitcoin back. That is the reason I am having hard time deciding.

You bought Bitcoin in range from €3500-€5000, and today is €8750, so you can only profit if you sell now. Since you need it for something that is necessary, I don't see why you have any doubts at all. If you think fiat is worse then Bitcoin, then spend fiat and keep crypto for another time.

I do not know where you live, but can't you make account on Coinbase and buy at normal price, if your local exchange is have high fees and higher prices than regular ones? Don't live in the belief that you can get the banks out of your life, you get your monthly salary in bank account, and you probably pay your kids private school with your bank account.

[Wilhelm]

Piston rings my ass. I'm no real mechanic but.... Unless your car has at least 300000km this is bullshit.
Unless you drive like a real lunatic. Added sand to your oil. Or have no air filter I find this hard to believe.

If you have low compression then I would be looking for a new valve gasket or at the most a main engine gasket.

[carter34]

You have a reserve right... And if you believe bitcoin is a good asset to you , what do you then think about tomorrow, the future. Your reserve may not increase a dime in that bank or hole you dug in your back house to put it but bitcoin can definitely.
Is your decision to do which you think in your mind and looking from above post too.

[AppliedOptimal]

Piston rings my ass. I'm no real mechanic but.... Unless your car has at least 300000km this is bullshit.
Unless you drive like a real lunatic. Added sand to your oil. Or have no air filter I find this hard to believe.

If you have low compression then I would be looking for a new valve gasket or at the most a main engine gasket.

Bought my Opel 1.4 turbo back in 2014 as a brand new car. Should have bought bitcoin instead THe car screwed me first in July 2017 by breaking the piston rings and the Turbo. The engine bed was fine, so the OFFICIAL service changed these parts with standard parts and gave me a 2-year warranty on parts. The car broke down with the same problem in August 2019, only one month after the warranty ended!!!
So, I sincerely doubt that I will be purchasing another Opel, which I originally bought because I trusted German engineering.
I still don't have my car back, and we had to take a bus to go to a concert. I am hoping next week, fingers crossed.

[dunfida]

What do you think? Use bitcoin or keep holding and use emergency money?

The answer would really depend on you because not all people do have the same situation as yours and in fact its been always part of our life on having that kind of emergency situation where we wont have any choice but to get some portion of our holdings.The question is, would you compromise your childs education because you just want to hold bitcoin? Would you sacrifice yourself on commuting because of that? Your choice if you do sacrifice but it isnt actually that bad to spend those coins we hold on.

[pixie85]

What car do you have? I would appreciate knowing a brand and model of something that destroys piston rings so often. I have never had that failure happen in my life to me or anyone that I know. Maybe the cylinder is scratched or there's not enough lubrication

If you have some emergency cash on the side I would use that to pay the bills. Cash is inflationary so it's losing value. You shouldn't keep a lot in fiat. Better to buy gold or fix your car.

[AppliedOptimal]

What care do you have? I would appreciate knowing a brand and model of something that destroys piston rings so often. I have never had that failure happen in my life to me or anyone that I know. Maybe the cylinder is scratched or there's not enough lubrication

If you have some emergency cash on the side I would use that to pay the bills. Cash is inflationary so it's losing value. You shouldn't keep a lot in fiat. Better to buy gold or fix your car.

I wrote about the model and everything two rows above your post, check out my #38 please, you will see it.

[Wilhelm]

Piston rings my ass. I'm no real mechanic but.... Unless your car has at least 300000km this is bullshit.
Unless you drive like a real lunatic. Added sand to your oil. Or have no air filter I find this hard to believe.

If you have low compression then I would be looking for a new valve gasket or at the most a main engine gasket.

Bought my Opel 1.4 turbo back in 2014 as a brand new car. Should have bought bitcoin instead THe car screwed me first in July 2017 by breaking the piston rings and the Turbo. The engine bed was fine, so the OFFICIAL service changed these parts with standard parts and gave me a 2-year warranty on parts. The car broke down with the same problem in August 2019, only one month after the warranty ended!!!
So, I sincerely doubt that I will be purchasing another Opel, which I originally bought because I trusted German engineering.
I still don't have my car back, and we had to take a bus to go to a concert. I am hoping next week, fingers crossed.

Opel is not a car, is a monument to losing your manhood

[pixie85]

What care do you have? I would appreciate knowing a brand and model of something that destroys piston rings so often. I have never had that failure happen in my life to me or anyone that I know. Maybe the cylinder is scratched or there's not enough lubrication

If you have some emergency cash on the side I would use that to pay the bills. Cash is inflationary so it's losing value. You shouldn't keep a lot in fiat. Better to buy gold or fix your car.

I wrote about the model and everything two rows above your post, check out my #38 please, you will see it.

Oh, sorry, I read that big post where you quoted the question about the car brand but did not answer it. Missed the next one somehow.

About that car. Now I know why you're having trouble. You bought Astra J with ecotec engine. This engine has some design flaws and is one of the worst things you could get in that price range. That's why next gen Astra K no longer has ecotec. There's not many things worse than that. Maybe early VW tsi engines.

Opel is not a car, is a monument to losing your manhood

Old opels like the calibra were ok. I'm sure some of the tuned ones were chick magnets in the 90s 

[STT]

Its good you can exchange the Bitcoin to a friend for what you need.   That changes everything to me because you maybe can reacquire some of the Bitcoins in future from the friend similarly without fees and outside interference in the exchange between you two.    That is fairly ideal, however the other side of the transaction is make sure you actually want that car.   Don't just be swayed by that offer as its convenient and nearby.
  Also if you need the car then its fine to sell, I dont really agree with hold no matter what if you need this to do your job then what choice is there really.  None of us can truly know future price for sure, I honestly think it will take a couple of years for this situation to develop but others think 2020 with the block reward halving is it.   From my previous experience I think you have time still and halvening is not some perfectly pivotal moment in BTC history, its part of the picture.

[adaseb]

Basically how sure are you that Bitcoin will go up in the future? Are you 100% sure. Then just sell the portion you need to pay for your repair bills and at the same time use a exchange which has margin or future trading and just go long that exact amount.

Basically if you sell 1 BTC at $9750 to pay for repairs and buy your kids books then go long 1 BTC at $9750. And then if it moons you will make the same amount of money as you would otherwise.

However I don't recommend this because you might be wrong, BTC might not go up in the future and you will be forced to deposit more BTC or get margin called.

Best solution here is to fix the Opel, sell it and buy an old Honda Civic or Toyota Corolla and you won't have any car issues again. In the future don't buy turbocharged cars they are more problem-prone just get naturally aspirated engines instead.

[AppliedOptimal]

Basically how sure are you that Bitcoin will go up in the future? Are you 100% sure. Then just sell the portion you need to pay for your repair bills and at the same time use a exchange which has margin or future trading and just go long that exact amount.

Basically if you sell 1 BTC at $9750 to pay for repairs and buy your kids books then go long 1 BTC at $9750. And then if it moons you will make the same amount of money as you would otherwise.

However I don't recommend this because you might be wrong, BTC might not go up in the future and you will be forced to deposit more BTC or get margin called.

Best solution here is to fix the Opel, sell it and buy an old Honda Civic or Toyota Corolla and you won't have any car issues again. In the future don't buy turbocharged cars they are more problem-prone just get naturally aspirated engines instead.

I am 100 percent sure that bitcoin will go up a month or two before May 2020!. This is just passing the winter and be done with it.
The custom shop is changing the engine, putting up larger piston rings and changing the parts from stock to strengthened, kinda like what you have in race cars. He said it will never give me this problem again. But then, he is not changing the turbo and I am not so sure about that. Anyways, I plan to hold on to the car for a couple more months, or until February-March 2020, and then if I have more money, I think I will sell this and get a Suzuki, no turbo. My earlier mechanic said they are as solid as it gets. Although it sounds like a girly car, I think it is better to have a car sounds girly than a car that sounds manly but breaks down every two years.

[bucciarati]

My car broke down and my mechanic said the piston rings are broken. I am in Europe and workmanship is expensive. I am thinking about selling some BTC for repairs and then another car. A friend of mine said he will sell his car to me for bitcoin. This is great and shows adoption is almost here.
I am pretty sure that if I sell, the price will increase, but I definitely need the car for groceries and other trips such as work, fun, etc. Taking the bus here is simply torture.
I could keep the repaired car but this is the second time it is giving me this error, breaking piston rings and this time I need trigger chain replacement, and other repairs as well.

My wife just told me we need to purchase book sets for both our kids. They are in private school and you need to purchase all the books and the experiment sets and all these cost good money.
 
I never sold a single Satoshi I always bought. I am thinking maybe it is time to start selling some. Maybe I can sell some eth instead.
Everyone can buy and HODL, but when you need money, you may need to sell even though the price is cheap. I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

i sold a little in the past to pay for unforseen cash needs and sometimes was a good move others no.. you never know..
if you are not comfortable in selling btc / eth sell only a part and use also some emergency cash

[Bitcoin Seller]

It depends on many things and especially the price you paid to get your Bitcoin. If you have already some profit from it, probably, it is better to sell BTC. No one knows if this cryptocurrency is going to grow or fall now, and if you need to fix your vehicle urgently, you should do it.
The reserve money can be also used, but you should compare all possible pros and cons of both choices.

[The Sceptical Chymist]

I am pretty sure that if I sell, the price will increase

That's pretty much a given, unfortunately.  It's happened to me quite a few times, which is the reason I've never made any money with bitcoin.

If you have emergency cash, I'd go with that and try to replace that cash as soon as you can.  A lot of people fall into the trap of investing more than they reasonably can, and they end up in situations like yours where they need the money for mundane expenses.  Take this as a lesson to always keep cash handy for car repairs and other things that tend to crop up.

And hey, if it's at all possible for you I'd recommend ditching the car altogether and getting a good bicycle.  I realize that's not an option for a lot of folks, but owning an automobile can end up being a cash sink.  Gas, maintenance, insurance, and everything else just end up costing you a lot of money over time--and that's all money that you could be saving.

No one knows if this cryptocurrency is going to grow or fall now

While that's certainly true, the market is still pretty bullish.  I do think the price isn't going to stay sub-$10k for much longer, and OP might miss out on some sweet profits.  I could be wrong, of course, but that's my thought.

[bitbunnny]

To my opinion now it's not the time for selling unless you've paid Bitcoin very cheap or you really need money.
 But if you have some emergency money better use that that than Bitcoin. When the price goes more up you can sell some smaller amount of Bitcoin and replace the emergency cash you spent.

[BitHodler]

I am 100 percent sure that bitcoin will go up a month or two before May 2020!.

I can understand why you think that with the block halving coming up next year, but don't discard the possibility of the block halving price being priced in already-- we went from $3k to $14k to right now $10k. That's a 240% increase.

Bitcoin has always been full of surprises, on the way up and on the way down. If too many people expect the price to either go up or down, the price tends to break out in the opposite direction liquidating a lot of positions.

If you're over-invested it is better to sell 25-50% so that you have some fiat left in case you need it-- benefit is that if the price drops and you don't need the fiat, you can buy back a portion at lower levels to decrease your average entry point(s).

[Hamphser]

I think you should still fix your current car, wait until the price goes up and buy a new car from your friend. If you decide to exchange Bitcoin for a new car at present is the wrong decision. Prices may rebound to $ 11,000 in the following days. Think carefully before making your decision. I believe you will make the best choice.

I guess you don't get it how expensive the repair cost and other cost material for a broken piston ring. OP really need the money for his family and for getting a new car, then the opportunity arrived, someone just wanted to sell their car for bitcoin. Is it great that bitcoin is widely accepted and his friend have some bitcoin too. OP will just have to plan it carefully and choose how to make the cost less for selling some bitcoin since the current price now was in a bit dip.

[STT]

I am 100 percent sure that bitcoin will go up a month or two before May 2020!.

Imagine the market is everyone standing on a rowing boat, its a good boat but its not invincible.   If everyone is shouting yes we are going higher, I feel bullish and we stand all on one side of this rowing boat then we are unstable and the boat might even take on water from being unbalanced in its weighting.    Somehow we are less likely to achieve these lofty aims for restoring 20,000 or similar if all views are in the same place, it means the buyers are already in and fewer remain left to buy.

   What I prefer to hear is some still not convinced, the gloom of January and February this year, the famous youtuber speculating we'd spike down to 1,500 pricing.   Somehow that negativity openly displayed in the market, this produced a bull market and a good trend to buy into.   The market was less weak then it had in appearance, it was the sentiment and patience of people that had given up and many were too afraid to buy.    If we come to now, theres few bears left and so its fair to say quite possibly less standing on the other side of the boat to join BTC and buy in any substantial way.
  Its just one of the ironic things I think is true and keeps repeating, a natural market phenomena.    Autumn into winter is always more choppy weather I think (ignoring slightly a global market with the southern hemisphere lol), so we'll see how it goes.  Today as it recovers a previous sell off BTC looks bullish but thats my day to day view.

[milewilda]

I think you should still fix your current car, wait until the price goes up and buy a new car from your friend. If you decide to exchange Bitcoin for a new car at present is the wrong decision. Prices may rebound to $ 11,000 in the following days. Think carefully before making your decision. I believe you will make the best choice.

I guess you don't get it how expensive the repair cost and other cost material for a broken piston ring. OP really need the money for his family and for getting a new car, then the opportunity arrived, someone just wanted to sell their car for bitcoin. Is it great that bitcoin is widely accepted and his friend have some bitcoin too. OP will just have to plan it carefully and choose how to make the cost less for selling some bitcoin since the current price now was in a bit dip.

If OP didnt sell out as he write up this thread then he can probably hedge up some funds since the price of BTC now is uprising.If he do able to buy up some bitcoin on earlier years then this increase would already be enough to repair up his own car.I do know that broken piston ring wont really be that cheap but its repairable but it isnt that costly for you to need to pull out your bitcoins just for that. Just get a small portion just for those expenditure and try your best to replace those funds asap if you do have the money.

[TopT3ns]

I will agree with never sell any satoshi that we bought. If me i get BTC or maybe ETH from bounty campaign and trading. So i think that is not money like i use real money for capital. If something happen with me or in an urgent condition, i think sell some assets in BTC is not a bad idea. Because for me there are nothing more important than my life, but in case it is very urgent condition.

[sana54210]

It depends on many things and especially the price you paid to get your Bitcoin. If you have already some profit from it, probably, it is better to sell BTC. No one knows if this cryptocurrency is going to grow or fall now, and if you need to fix your vehicle urgently, you should do it.
The reserve money can be also used, but you should compare all possible pros and cons of both choices.

I didn’t know what the future of other coins are, but for BTC, I can say that I am confidence on the future of bitcoin, and I am so sure that come next year, bitcoin will reach  its new peak before the halving, so it is still worth waiting for if we are not in a haste for money.

I didn’t see any reason why anyone who is serious about investment should be in a haste for the money out in cryptocurrency, because it has already been advised that they should only out money that they are sure can be forgotten for a while or money tat we feel we can easily forget without it affecting us in any way. It is when we have packed all our life savings in it that we usually get to over over-stressed about the investment. All I will implore the OP to do is just keep holding.

[omonuyak]

My car broke down and my mechanic said the piston rings are broken. I am in Europe and workmanship is expensive. I am thinking about selling some BTC for repairs and then another car. A friend of mine said he will sell his car to me for bitcoin. This is great and shows adoption is almost here.
I am pretty sure that if I sell, the price will increase, but I definitely need the car for groceries and other trips such as work, fun, etc. Taking the bus here is simply torture.
I could keep the repaired car but this is the second time it is giving me this error, breaking piston rings and this time I need trigger chain replacement, and other repairs as well.

My wife just told me we need to purchase book sets for both our kids. They are in private school and you need to purchase all the books and the experiment sets and all these cost good money.
 
I never sold a single Satoshi I always bought. I am thinking maybe it is time to start selling some. Maybe I can sell some eth instead.
Everyone can buy and HODL, but when you need money, you may need to sell even though the price is cheap. I have some emergency reserves but I honestly don’t want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?

What do you think? Use bitcoin or keep holding and use emergency money?

If you have an emergency cash it is better you should used it as I cannot trade bitcoin for anything now except health! Car or whatever is not good enough to be compared to the benefit one will drive from hold. Why should you sell your bitcoin for fun or repair your car were as you can hold the same bitcoin and buy a new car in some few months to come.

[btc78]

If you did wait for a couple of days then surely you have another $1k in your pocket selling it today as Bitcoin goes up to $10,600

Any update if you already sell out the coin?or still waiting for some growth to happen?

I will agree with never sell any satoshi that we bought. If me i get BTC or maybe ETH from bounty campaign and trading. So i think that is not money like i use real money for capital. If something happen with me or in an urgent condition, i think sell some assets in BTC is not a bad idea. Because for me there are nothing more important than my life, but in case it is very urgent condition.

If you happen to read the topic ,you’ll find that this is for emergency and OP has a limited option to choose from selling or holdings

[dentolas]

This is a great question! Honestly I am not sure what I would do... on one hand we all know that as soon as you sell it for a need, the price will rise... and on the other hand it just doesn't seem correct to cross the line and use emergency cash expecting that one day BTC will finnaly reach a new all time high...
what if it takes much longer than everyone thinks?
I guess I would end up selling some BTC, nevertheless you should double check the trust on your mechanic

[ololajulo]

There are lot news for another dump in days but I am considering the launch of Bakkt in couple of week to pump the price as it has pumped in recent days, though the resistance might still be around the 11k before it slides again. selling decision should be out of personal view not with such suggestion.

[samcrypto]

I guess selling some bitcoin will not affect your investment. Come to think of it. This problems you said are the reason why we invest in bitcoin. It is to help our life become more comfortable by earning through it. If the income will go to important things then its worth it.

[veleten]

don't sell now or at 11.000 as some suggest
unless you are totally out of money , do not touch your investment until it hits the price target you have in mind
we are in the beginning of a potentially huge bull run and you would not want to sell short and regret after
while I don't think we hit ATH of 2017 , but can get very close to 12.000$ levels if not higher
if you want to sell , at least wait for a couple more months , the end of the year , historically is a much better time to sell

[Ararbermas]

What do you think? Use bitcoin or keep holding and use emergency money?

you have a serious problem mate so it's up to you because infact you really need some urgent cash and it's  your money so use it.  Lol . But btw mate i suggest don't dump all your btc because you know if you do that you will pay another fee again when you buy btc. So just dump what amount you need and keep the rest.

[BitcoinHunt3r]

I think i will use emergency money, why, because it is purpose of it. I think for investment, should use money that we already spare it to another things include that emergency money. And then we will still feel confident to hold without think that we should sell our investment if not reach our target yet. That is what i do, and i can hold my bitcoin without anything that can disturb it because already spare my money.

[barbara44]

Look bitcoin might be the greatest invention since sliced bread but if you need money then you need money. Never put too much pressure on your expenses with credit cards and loans and what not. This doesn't feel like a thing you should use your emergency cash for, emergency cash should always be put aside for health related stuff, I always do that, if your car broke down then you can take a bus to work at the very worst option however if your liver brakes down then you don't have an option to pick from and have to do something about it. Hence, emergency should always be for health related stuff.

I would say cash out whatever bitcoin and ethereum you need, whatever crypto you have cash them out, not all of it, just the amount you need for these things (if you need all then cash out all) then when your kids have the stuff they need and your car is brand new or you bought your friends car whatever you can start from zero and start getting more bitcoin afterwards when your economy is stable.

[AppliedOptimal]

Just wanted to report that I used FIAT at hand we made installments on the kids' books and insurance and things like that. The car has been doing good and it runs smoother.
They installed larger pistons and rings, and they are made from stronger steel, not your standard pistons
I am hoping to be able to use more power now, and I get to keep my bitcoin.
We ran out of money though, but I am trying to supplement it.

[veleten]

Just wanted to report that I used FIAT at hand we made installments on the kids' books and insurance and things like that. The car has been doing good and it runs smoother.
They installed larger pistons and rings, and they are made from stronger steel, not your standard pistons
I am hoping to be able to use more power now, and I get to keep my bitcoin.
We ran out of money though, but I am trying to supplement it.

glad to hear you were able to find cash and didn't touch your investment , welcome to the HODLers Internaltional!  ...back I guess 
I'm sure you made the right choice and won't regret not selling at 9.5k , even with the market seems to be shaky at the moment
in the long term , we we all look back at the 10k figure and wished we bought some more ( thats when bitcoin is worth 100.000$+ )

[btc78]

Just wanted to report that I used FIAT at hand we made installments on the kids' books and insurance and things like that. The car has been doing good and it runs smoother.
They installed larger pistons and rings, and they are made from stronger steel, not your standard pistons
I am hoping to be able to use more power now, and I get to keep my bitcoin.
We ran out of money though, but I am trying to supplement it.

This is one of the best decision that you made buddy ,all the advices we’ve given worth the wait and you used the fiat instead of Bitcoin

While we are pushing you to keep holding the crypto you are having some burden making the right thing so what we hope now is the value increased sooner so you may cover the financial deficits you are having now

Also good to hear that the car installed larger piston rings and running smoothly now

[Fesatmas]

I think i will use emergency money, why, because it is purpose of it. I think for investment, should use money that we already spare it to another things include that emergency money. And then we will still feel confident to hold without think that we should sell our investment if not reach our target yet. That is what i do, and i can hold my bitcoin without anything that can disturb it because already spare my money.

Indeed, what I think right now is better money but more promising investments like Bitcoin is now down to 8k is this good to start investing I'm sure in the next 1 month we will reach the target.