This is why I sold my 0.67 BTC!!

[virasog]

Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

There are many people who are selling their bitcoins due to this emergency situation which no one predicted. I am also planning to sell some of my saving in crypto, if the lockdown does not finish and I am unable to resume my work. The situation is really bad everywhere and no one has a solution for it.

[Dildo Shwaggins]

If you were in dire need of cash, I guess you are excused.

Sure, I certainly wouldn't criticize someone for selling bitcoin to free up some cash if they really need it.  However, it seems like OP invested in bitcoin when he should have had a cash reserve for emergencies--this is exactly what sets up selling like this.  People buy bitcoin with money that they can't afford to lose and might need in a relatively short period of time.

I'm actually in a similar situation right now, but I'm only letting go of a small amount of btc and it's not because I absolutely need the money to live.  I'm trying to buy that damn e-bike, and I've pretty much given up on the hope that I'll find a bicycle retailer who'd accept bitcoin.  Anyway, good luck to OP.

You are probably lucky you didn't find that e-bike as you would have lost 20% profits.
Depending on the type of bicycle you've probably saved between $80-500


To the OP again:
The way I see it, you will rebuy 0.335BTC with the same amount of cash.

[BuNga_cute]

I understand the decision you made, by selling all the bitcoins that you have as much as 0.67 BTC. Because I followed
the news about the state of the city of new york in online media, with such a bad situation everyone will certainly sell
the assets they have. Including selling bitcoin for living expenses during lockdown, we all pray for each other so that
situation get better and hopefully this crisis is over soon.

[TopTort777]

I’m wondering how is OP doing? New York is expensive city. 0,67btc will be enough probably to pay the rent, bill and buy necessary simple food to be able to live for a month. What is planning to do or what should we advice him to do? I’ve read that the gov. was planning to give everyone a cheque for 1000$. This is will only be enough for food...

[Swordsoffreedom]

Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

That's good...don't hesitate to sacrifice what you have now because you need it.I like your spirit,very strong.Sure you can buy bitcoin again next time because i believe bitcoin will not disappear in crypto space. Bitcoin can wait but our needs in this very hard situation is very significant to provide.

Yes, agreed, it is very bad time for whole world. The current situation of New-York city is much worse. You know that American economy has suffered a lot due to covid-19 issues. Worldwide around 69000 people have been died by infected with this epidemic. So, we should be careful and prepared, stay safe and obviously stay at home.

[Fundamentals Of]

Can't blame you OP. This is a life and death situation. And surviving is our main priority here. Investing on Bitcoin and among others can wait.

We hope you are doing fine there in New York. And to everyone here, stay safe.

[w0lf0.]

I'm sorry but if you really needed it in this terrible period you did the right thing, I hope that in the near future you can get back what you had to use in terms of cryptocurrencies, good luck

[Meowth05]

Selling your btc at a time like this is very unfavorable to you because the prices are lower, I can't blame you though, there is expenses at this times of crisis.

[KnightElite]

Hello Community! What’s going on? Hope you guys are safe & staying home! Basically, I live in New York (I’m an expatriate indeed) & you guys know the current situation!! We are suffering badly, although I’m not scared of! Last night I sold my loving 0.67 BTC, since I need cash money!
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

That's good...don't hesitate to sacrifice what you have now because you need it.I like your spirit,very strong.Sure you can buy bitcoin again next time because i believe bitcoin will not disappear in crypto space. Bitcoin can wait but our needs in this very hard situation is very significant to provide.

Yes, agreed, it is very bad time for whole world. The current situation of New-York city is much worse. You know that American economy has suffered a lot due to covid-19 issues. Worldwide around 69000 people have been died by infected with this epidemic. So, we should be careful and prepared, stay safe and obviously stay at home.

New york is the states in the US which has the highest numbers of persons who got infected with COVID 19. Right now there are currently 130,000 + people in this states that are suffering to the virus. The creator of this thread is also part of the people who having hard time because of the community lockdown. I think it is also a good idea that he sold his bitcoin because they need badly the cash especially today where their lives are in matter. I do not know why there are replies in this thread that saying that it is not a good idea because they say that the price is still cheap but it is not the matter, we are talking about lives after all.

[FanatMonet]

That is understandable because there are a lot of people who need the money fot sustenance right now. You should buy when the price goes lower so you can have a profit.

but I quite doubt the price will be lower, or under the price of $ 5000. but I think he sells the bitcoin he has in the $ 6k range, and that might be good enough. to be honest, the bitcoin he has is more than my assets, but if I were him, I would not sell all the assets that I have. Well, maybe a few percents is enough, and I might do it gradually.

In some situations, you have to sell a lot and immediately, no one can guarantee you that you can sell a little every day. Anything can intervene, you can get sick, even if it is not a coronavirus, then this is an additional cost, or some other significant situation.

[Anonylz]

i guess you did what you had to do in this current situation to survive, it must have been a hard decision for you but you must think of what is most important, the only sad part of this will be when you would want to buy back the 0.67 btc, by then the price must have been higher than when you sold, this crises has affected a lot of things especially peoples financial status, wishing best of luck to you and to the world during this trying times.

[panganib999]

It is not surprising at times of such because people would more prioritize the things that they need the most. It is a normal thing to do during emergency, investments would be more likely set aside. And this I think is the reason why the market value fell down recently. Many people sold their holdings in order to be prepared for what is currently happening. There is now a shortage of daily needs, in some areas. If your government is not that effective, you will only have your savings. I was actually planning to invest but have hesitated since I need to buy some stuffs to be used during the quarantine period, and the money I used was supposedly for crypto investment. But it would be okay, I'll just go with the plans when things start to be positive in order to assure everything.

That is understandable because there are a lot of people who need the money fot sustenance right now. You should buy when the price goes lower so you can have a profit.

but I quite doubt the price will be lower, or under the price of $ 5000. but I think he sells the bitcoin he has in the $ 6k range, and that might be good enough. to be honest, the bitcoin he has is more than my assets, but if I were him, I would not sell all the assets that I have. Well, maybe a few percents is enough, and I might do it gradually.

In some situations, you have to sell a lot and immediately, no one can guarantee you that you can sell a little every day. Anything can intervene, you can get sick, even if it is not a coronavirus, then this is an additional cost, or some other significant situation.

Indeed, your investment would be worthless if you would die due to sickness, to be practical. We cann all back with our investment routine once things become positive and I hope that day would come soon. Stay safe!

[CarnagexD]

i guess you did what you had to do in this current situation to survive, it must have been a hard decision for you but you must think of what is most important, the only sad part of this will be when you would want to buy back the 0.67 btc, by then the price must have been higher than when you sold, this crises has affected a lot of things especially peoples financial status, wishing best of luck to you and to the world during this trying times.

Today our goal is to survive the pandemic crisis first and by that selling your bitcoin for fiat currency or cash and buy a lot of things you need for the survival is a good decision because if you hold your bitcoin for a long time and you do not have enough money to buy a lot of things like foods or mask you cannot survive and then your bitcoin will waste too it is good to focus to our prioritize too in the world of the pandemic outbreak also if you have some time and the situation are okay again you can buy a lot of bitcoin as many as you want because there is nothing to harm your self too

[TheAndy500]

Be it cash or BTC, best is what is required in current situation. OP needed a cash so he did the best to sold his btc. It is useless to prefer BTC/Cash or any other thing over our lives. There are many people selling there bitcoins because of current situation. Lets hope things get better with time and we continue our normal lives.

[Pixyoxx]

If you sold it because you needed urgent cash then its okay, otherwise i would strongly suggest everyone not to sell their Bitcoins especially not when its already down. You should always hold your investment in these times. I urge everyone not to pani. Sell their bitcoin or any crypto they might give you huge profit in near future

[nutoskaleo]

I wonder, will BTC price go down again or not? Okay, it's clear that we all can sell bitcoins (thanks God we have it in this difficult time) to buy some urgent stuff like masks, toilet paper, etc. But what is about investing? 7K+ in USD already... Looks like it's not the bottom. Then, what are your expectations regarding further flactuations of the price? How will BTC feel in crisis?

[Mulann2]

Bro I don't think you owe anyone any explanation why you sell your btc, you bought on your own and you decided when you would sell for cash and in this case you have a pressing need of which many people in the world are facing at the moment, you should be glad you have some btc to sell, many people don't  have anything like that and so they face hardship.

[Zionatin]

Bro I don't think you owe anyone any explanation why you sell your btc, you bought on your own and you decided when you would sell for cash and in this case you have a pressing need of which many people in the world are facing at the moment, you should be glad you have some btc to sell, many people don't  have anything like that and so they face hardship.

Yes, the virus is wreaking havoc on the economy. I feel very bad for many people who work in the industry and help make the product we use daily or at least often. Everything is just shut down. When I go to the shops and there are not many cars around it honestly makes me think of Apocolypse/armageddon or like there will be zombies are something since there so few people around. I often ask myself I wonder if this what it would be like if something even more serious happened. It is really scary. So I try just work and play games. I don't want to think of all the bad things the virus is bringing. I guess the OP had some reasons to sell so many bitcoin. They most likely had a debt to settle. The pressure of that and the fact of the virus caused them so sell probably.

[Stedsm]

The worst part is, fiat if handed in the form of cash only and not contactless payments, can also bring your home this epidemic virus. Try to avoid cash. Here in India, a miserable scenario happened where a family was living in an apartment and someone rang their doorbell at 1:30 a.m. Now, they decided not to open the door as there was a stranger standing outside, so they kept it shut. Afterwards, in the morning at around 8 o'clock, when they were getting out to throw the trash in the bin, they saw a INR 500 note waiting for them just outside their door. This is ridiculous because when checked via the thermal machinery, it was found that the cash note was infected and someone was trying to spread the infection.

[gundala]

~
I believe, in near future when the situation will be normal, I’ll buy it again since I have no doubt on the future of BTC & its use case! Please guys, stay home stay safe & don't forget to pray for us.

Good plan, friend. Your decision is right, the choice to prioritize the necessities of life rather than investing in a pandemic. It's not panic, it's the right choice. Hopefully, you and your family are fine there, we all feel the misfortune, stay healthy.

Don't forget to be thankful we still have savings, reserve funds, so we can survive in this condition. Many of our brothers and sisters out there are unlucky so they have to keep working even though this virus is threatening everywhere. The lesson for all of us, do not forget to set aside funds for savings.