Which kind of situation will force you to sell?

[Yatsan]

Bad circumstances or when I'm satisfied with the profit from holding. These two, I believe, are the only instances wherein I'd more likely sell. But more likely it would be bad circumstances. Emergencies happen without prior notice and since I am not that priveleged, there will be times I would be forced to pull out some of my assets but ofcourse with measures of the outcome such as would I regret it or not. Selling won't be a bad thing if you really needed to. We have different tolerance with the market and capabilities as investors; some would be still able to hold despite of bad situations and some won't, and that's just okay as long as your actions would be validated by you yourself.

[1714692220]

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[1714692220]

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[FatFork]

I would probably sell at least some of my bitcoins in order to pay off a mortgage or keep myself and my family safe if faced with those situations. But I'm not sure if that's the kind of extreme circumstance you were thinking about and I don't think many people are faced with this kind of situation. I mean, if you're faced with the choice of keeping yourself and your family safe, it's probably not an issue of whether you should sell your valuable assets or not. You would probably do whatever you could to make sure that your family is safe and protected.

[Poker Player]

In my particular case, I think it would be quite difficult for me to be forced to sell, but never say never. I have been following a wealth building plan for some time now, and with good income from various sources, an emergency fund for contingencies/emergencies, and investments other than Bitcoin, the likelihood of me being forced to sell is minimal, and I can't imagine what the specific situation would be where I might be forced to sell.

[Tony116]

There is no specific thing forcing me to sell Bitcoin until now (and hopefully never), because I still have a main job besides Bitcoin world.

Perhaps, you have a reason to hold and never touch your Bitcoin if possible as you have other sources of income. For those who have not and just relying solely on their crypto investment, in times of emergencies they have no option but to sell their holdings.
Basically, the reason why many people come here is to earn money in order to support their needs and other finances. In fact, investing is not all about holdings forever, there are times that we need so sell them whether it was for emergencies or for another investment.

In the end, bitcoin is just an investment, an asset that serves our lives, and when we need money, we will have to sell it. Bitcoins will be useless if they don't help us in difficult or unusable times in life.
It is true that selling bitcoin at a lower price than expected will make us regret, but we should keep in mind that sometimes there is more to hold than bitcoin, so I will sell when there are no better options. And I will buy back bitcoins when I have money, as long as I'm healthy, it's not too hard to buy back bitcoins.

[len01]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

economic situations are literally different and everyone has different goals.
in this case I'm going to talk about the pressure that will make me sell some of my bitcoins.
at first I ventured to invest in bitcoin after I had several small businesses that were able to provide profits that I could put into long-term bitcoin assets. and my business is controlled by some of my own family members.
so that family or health conditions will not be able to pressure me to sell my bitcoin assets. and under no circumstances will it influence me to sell my bitcoins before my set target.
but a situation that could force me to sell all my bitcoin assets is when the price reaches ATH from the previous bullish, it will be like telling me to sell all my bitcoins and start buying again once the bearish season comes and so on it will be like that.


the conclusion from me, I will not sell anything that I currently hold before the target that I set.

[panganib999]

A massive drop in price will cause anyone to sell. But for me it depends on the urgency and how late am I. For instance, cashing out on all your bitcoins at the first few days of a crash is sure to secure you most of your funds provided it doesn't plummet, but if I were to be very late to the game, I'd rather just keep it in and wait for another bull market to come around and pump the price of my assets. It's all about how much I can still salvage, if there's any. There are also regulation issues, if my country bans the use of crypto to the point of lack of access to my funds, I'd be forced to pull all my assets out too.

[Welsh]

Most people will sell in times of need. If you need a life saving surgery or someone you love does; then almost anyone will be prepared to sell. Even those, that are in this thread saying they'll never sell for anything. I've been involved in Bitcoin for a while now, and it's become a huge part of my life. However, I'm certainly not married to the idea of it. Even if a altcoin came along which significantly improved on Bitcoin, I'd be open to changing. That's as simple as it gets; I'll hold Bitcoin for as long as I need too. If something better comes along or I need it for something important, I'll sell.

I think some of us get a little bit too attached to it, and sort of look at it as a miracle cure, and therefore will hold it until their last days. However, at the end of the day; it's just a currency, and you can't take it with you. So, make the most of it while you can, and if that means taking it out, and enjoying a holiday. There's nothing wrong with that.

[The Cryptovator]

Usually, I sell when there is a good profit or when I need it for life. Otherwise, I have no plans to sell my holding. If there are no other options to live lives, I will sell my holding. That situation has not yet occurred. Because, in addition to my crypto holdings, I always keep some emergency funds in fiat. As a result, in an emergency, I can use my fiat holding. I store my holdings in a ledger so that I can't sell them whenever I want. And I bought coins when I had extra money that I wouldn't need for a few years.

[Victorik]

People buy for different reasons and also sell for numerous reasons.
Personally, I sell part of my asset when I see a reasonable profit and also when I have a very urgent financial need to meet.
The fact is, you can never be wrong in taking profits, that's my approach.

[kryptqnick]

I believe in Bitcoin as money. Of course, it's nice to hodl some if it's possible, but even an investment should be something one can afford to lose, and as for money, it is meant to be spent. I think that if a person is in need of money to buy something, but only has BTC, this person should use BTC or sell it for fiat to use fiat. Even if it's not something urgent but to purchase something that will make a significant life improvement / make someone else happy / help improve or maintain good relationships, these are all good reasons to sell when needed, regardless of the price. Not everything in life is about making profits. That's the general guideline I follow myself.

[milewilda]

First of all, health problems and if my family is in serious need of this money, otherwise I will not sell it if I will make a loss.

When it comes to the point where health problem and some other problems attached with the family then that would leave me no choice but to sell off those coins.What those  profits or money for
when you do lost someone or even you would really be that too sickly on yourself? Pretty sure you wouldnt really be that making things complicated if you do know that you do have
money behind.It would be useless and you would really be regretting if things turns out to be bad and you do know that you could have at least solve out the problem
in speaking with finances.

[KingsDen]

Re: Which kind of situation will force you to sell?

If there is serious issues like health related or other emergencies that my emergency pulse cannot deal with, I'll sell.
Again, if Bitcoin makes a new a new ATH, I'll sell. I don't wish to be holding without target of cashing out.

[Yawa2020]

Going through some of the replies here lol I just shake my head and ask myself whether some of you will hold your coins till eternity. It is as if some people here have no vision, plans or targets but just holding. In my opinion, nothing supersede health. A critical health condition will force me to sell some portion of my coin because health is wealth and of course I have a target that I am aiming at and once it reaches the target, I will sell some portion.

[Russlenat]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

If my family is already in danger, like having some serious health issues, I think that’s enough for me to sell some of my bitcoin even if my target goal price has not yet achieved. Profits are useless without the presence of my family, as i’m into bitcoin investment not only for my own self but definitely for the whole family. And besides, I can always buy again if I have available funds enough to purchase, but with my family’s health, I know they should always be my top priority over money and investments.

[isaac_clarke22]

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Even the strongest holder out there would sell their Bitcoin at any point of time obviously. Let's say you're about to lose your house and you kept your pride as a strong holder to never ever sell at any point. Would it be worth for you to be homeless and keep the pride of being a strong holder?

I mean in the end, no one cares anyway how long you were holding your Bitcoin. It is just really worth holding in it in the long run.

[Kasabus]

If Bitcoin goes up 1000% from today's value, I'll feel compelled to sell a small part

Healthcare is mostly covered here by mandatory insurance.

If that will happen, then no need to think twice, i will sell immediately some of my bitcoin.  As long as the price is very much tempting, i will have to bite for it, than to never sell at all when suddenly bitcoin price drops even more at its bottom and all we gained are regrets. However, when it comes to healthcare, if the insurance is not enough to cater to all expenses, then i think selling a small portion is not that bad at all.

[Smartvirus]

I haven't really come to terms with any particular reason tht my necessitate me selling most or all of my bitcoin hodling. I don't see bitcoin for a failing network and as such, it remains unimaginable still especially, with the network still at an uprise.
I do sell bitcoin alright, even at the present time but its definitely just what I need and when it seems to be just the only option to getting what I need done, done.
Other than that, hodlibg still remains the language and I speak/understand it good too.

Most of us might think it's not easy to hodl and it just might be that if you sole believe but, having a job or some other investments is one way to take your mind off your hodlings.

[Distinctin]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

If bitcoin reaches its new ATH this year, then i know i have to start selling too some of my coins. As long as i won't sell in losses, for me that's good enough. Health challenges especially if they are not that serious and critical, i believe insurance can cater it alone.

[adzino]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

I guess if they reach their profit goal or if they see the price has went up significantly enough, this will want them to sell their coins. At least I would sell and keep some profit since based on history, once the price skyrockets, a correction always takes place. Only those who invested money that they can't afford to lose or money they will need for something, feel forced to sell when they see the price crash or when they need it for something emergency.

[Gallar]

People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?

in essence, strong bitcoiners hold bitcoin or defend bitcoin, when their needs are always fulfilled, their savings are still sufficient, and they still have jobs running.
if their needs are not fulfilled, surely they will be forced to sell bitcoins.

but that's what investment is for, when we need it, investment can be used.