This is why I sold my 0.67 BTC!!

[pixie85]

People usually don't need 4000$ in one shot. Maybe OP did need that much, I don't know.
Normally if you have to sell this low, it could be better to sell only the smaller amounts you need for a couple of  days/weeks.
I don't want to judge, I just try to give ideas. Of course, if Bitcoin will go lower, it was a good move. So everyone has to decide for himself after all.

Maybe he needed a car to move somewhere safe? I'm clueless.

I'd also think twice before selling as low as we are now. Of course if you need the money you should sell but I'd divide it into small parts to satisfy my basic needs and not cash out too much.

You are much safer holding some cash and some BTC than being all cash.

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[KrisAlex18]

Keep safe in New York mate, selling of bitcoin as of now is not a good idea because it is not that too high compared before but we cannot blame you for selling your 0.67 BTC because of the current situation in your country. There are also many investors that pull out their money and converted it into fiat currency to have money to sustain their lives while having crisis. There are also many hodlers that also sell their money because of this also. This COVID-19 really affects so much people, real life and even in the virtual world.

If you still have money on your own (the fiat currency), try to keep your bitcoin on your e-wallet because this is not the right time for selling it, let us wait for bitcoin pumping.

[verita1]

All my prayers are for all those who suffer from Covid19. God allow us to get rid of him soon. Please keep the protocol to be safe. The important thing right now is global health. BTCitcoin is powerful and immune! You can keep buying it and treasure it again. God take care of the great nation of the USA.

[Oasisman]

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.

Wise decision. Health is always wealth.
See, this is just one of the reason why Bitcoin is somehow affected by the health crisis that we're currently facing (some folks thinks covid-19 cannot affect cryptocurrency).
Simply because, people would always choose fiat currency over any other form of investment to survive the lockdown. People would gather enough food, medicine, and other necessary stuff to keep you and your family safe at all times, thus fiat money can easily access all the products in the market.
Btw, keep safe man!

[HardFacts]

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.

GOOD CHOICE  !!!!!

You will be glad you got out at above 6000 when you see the price of BitCoin crash again as the Financial Crisis continues.  BitCoin is below 6000 now.   When BitCoin drops to 3000, make sure you come back here and tell us you are glad you sold and got what money you had left instead of losing even more of your savings....

Hard Facts

[maxreish]

The good thing is that we can have opportunity again to buy when price drops again in the future. So don't regret it, continue having an optimistic mind. If this crisis needs us to sell our bitcoin to keep us from living and to maintain our good health, then don't regret your actions. And you are not the only one who sold their coins even at deficit price. I do hope we can overcome this crisis and live a normal life.

[Ozero]

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 is why the price of bitcoin is either slowly rising, or again falling below six thousand dollars. Now the CoinMarketCap table shows the price of bitcoin at $ 5,987. And it’s not a panic, as many people think, but the fact that people simply don’t have anything to eat for quarantine in this situation. Someone is forced to sell their cryptocurrency at these low prices, and who has free money has the opportunity to buy it. The situation is still difficult. We do not know when the coronavirus will recede, although the virus weakens.

[joniboini]

Better hold your bitcoin until halving is coming and get much profit with your bitcoin assets, what for selling bitcoin during price still down and what benefit did you get when bitcoin break with lower price, just wait little time and you get bitcoin back again to higher price and get much profit.

He explains the context, didn't he? He isn't selling just for the sake of money but because he needs cash and it's urgent.

If really you would want to buy it again, be aware that BTC could moon at anytime (so you don't end up buying at a price way more higher than you sold. It hurts )

Determining when to buy and when to sell is always challenging. Buying at a higher price is not necessarily bad IF you can still get profits later on. Which is why it's said to only invest the money you can afford to lose. Best wishes for OP.

[yazher]

That's how you do it, Good job OP. because we sold our bitcoin it's not necessary to mean we gave up on cryptocurrency, we are just scaling things and decide to sold it for our own good. after this pandemic is done, we will buy again with our monthly earnings and start again. right now is not the right time to hold, at least for some of us who are in need of cash to buy some stock because our local government it's not nice as the other country has. Our president is good and caring but the leaders in our villages are corrupt. that's why if we don't sell our crypto assets we will die on hunger.

[Asuspawer09]

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.

I think you just do what you need to do and at this time of survival that is why we are investing not justs for profit also we could have funds or money that we could use in terms of emergency.

In my opinion, what you did is just necessary and I think I would probably do the same if I'm in your position also at this rate we are experiencing a pandemic virus that could potentially kill us all.

Also selling your investment might not have a bad effect on the market at all the dump in the market is always a part of bitcoin and this dump could be a great opportunity for the investors to reinvest again.

[davis196]

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.

0.67 BTC is less than 4200 USD.How long will you survive with such money in a city like New York?
One month I guess.This pandemic is just starting in the US and New York is the epicenter of it.
The lockdowns in New York will continue until June and this is the optimistic case scenario.
I hope that all the people in New York will stay at their homes and follow the rules of the quarantine.
Stay safe now,Bitcoin will become important later.

[bhabygrim]

Yes because of the situation so many holders have sold some of their crypto we are all praying for the situation to be back to normal again soon.
Prevention is better than cure so we must do what we can in order to be safe.
Try to avoid crowded place and stay at home as much as you can.

[jossiel]

Keep safe Faysal. It's your money and that's why we're holding it so that we can use it for something important and situations like this.

You're definitely right, you can always buy it at any price as long as you'll use it for your needs. Maybe this is your whole savings and you have put it in bitcoin and you are in an understandable situation, no matter what, keep safe all folks there.

[kotajikikox]

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.

No matter how we support Bitcoin and promises to HODL for eternity time will come that we will be needing to make decisions like this and i Support you for saving your family and life in this Cruel time from the Pandemic.
and Besides we can still Buy another set when the problem is over because Bitcoin will always be here for us and so we are for Bitcoin as well.

Also if i were in your position nothing that i can do but to sell,though i will try to ask or borrow from family or friends since Volatility may bring Good amount in another days .

[Dr.Osh]

the condition is currently quite bad. out there, people need cash for their needs, moreover, lockdowns that trigger panic buying. Well, that's a normal thing, it's just that, until now, I tried not to sell anything from my assets. if I sell it, I might be able to collect it again, but I don't want to miss the train that is leaving soon. stay safe buddy.

[Lhaine]

the condition is currently quite bad. out there, people need cash for their needs, moreover, lockdowns that trigger panic buying. Well, that's a normal thing, it's just that, until now, I tried not to sell anything from my assets. if I sell it, I might be able to collect it again, but I don't want to miss the train that is leaving soon. stay safe buddy.

Many people focus only in what they need by this time. So selling your asset is the best option you can do if ever that lockdown will take much longer then you need more money to use for your needs.

There is many other time that you can accumulate the asset that you sold today the most important thing by now is to survive this situation even we need to use all our assets.

[serjent05]

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.

I hope you and your family are in good health, I think there is nothing we can do about the current situation.  Almost every places in the world are in lockdown and for the like of us that is not that rich, even though we don't want to sell anything, we will be forced to rather than let our family die in hunger.  I hope the current crisis will be solved soon.  Let us pray that our scientists and medical people find a cure to this pandemic.

[akuser]

nowdays corona does not only have an impact on health side but also affects on the psychological condition of people especially in country who affect the corona virus.. The next serious problem is unstable global economy many country choose to restricted their people activities
I think you already do a good thing .. when the corona has subsided and people are allowed to leave the house .. that's when you have to buy assets back  


#Stayathome

[blckhawk]

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.

Though knowing that it is not the right time to sell our assets the fact that market is now facing a recession not only in crypto community but in the global market as well, we should still know our limitation. What I mean is that, if you need a money that badly then don't hesitate to spend it or convert few some coz I know what it feels like. Currently, my country is under lockdown, all jobs were terminated, no is allowed to go outside and this means no income so if I've been in your position then I could have also sell some of my earnings.

[josegovilla]

As for me I believe in future of Bitcoin and think that if future the price of Bitcoin will grow. But if you have no money at all you have to sell Bitcoin. As for me I sell my Bitcoin too because the economical situation in the world is very difficult, but I hope that in future the economical situation will stabelize and I again will buy Bitcoin, because I belive in Bitcoin and I believe that in the future the price of Bitcoin will only grow.