Sell now at 9.5K or use emergency cash?

[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