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Author Topic: Which kind of situation will force you to sell?  (Read 879 times)
Sakanwa
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December 24, 2022, 01:16:59 PM
 #101

The truth is that, if you have any bitcoin you can sell it up to end a living, instead of staying idle and thinking of negative things, that's why I keep on thanking God for the knowledge of bitcoin that he gave to satoshi, if not for God, bitcoin won't have exist, in life we face a lot of things that if not of bitcoin, I don't know how life would have been, eg, there are so financial problems that came up when you don't have any money in your hand, and if not without the knowledge that God gave to satoshi, how would you have some money in your bitcoin to solve problems when it come up unexpected..

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December 24, 2022, 01:50:33 PM
 #102

Emergency I guess? I'm still looking at Bitcoin as an investment so in general, I'd probably pull it out in the next bull run or after. I haven't exactly taken into consideration when I should start holding it for the sake of making my own bank or as a currency though(As I've said, I'm more invested in it as an investment right now), which would probably lead to a situation where I'm not going to be forced to sell unless used as a payment.

What I would not consider when selling is the price though, specifically if it goes down, since it may be an investment, but it's one where I'm capable of waiting for a long time (and I can afford to live without it as well).

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December 24, 2022, 07:18:38 PM
Merited by TimeTeller (1)
 #103

As for me, if I experience health issues, I will sell some of my Bitcoin regardless of the state of the market. In addition, if I encounter emergencies, such as the need to buy food or if someone wants to claim my possessions and is pressuring me to do so, I will also sell some Bitcoin because I hate embarrassment. Finally, if my market target is reached, I will also sell some Bitcoin. I am just holding Bitcoin because of only to make profit but  also to store the value of money in bitcoin incase of some emergencies.

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December 24, 2022, 08:56:02 PM
Merited by TimeTeller (1)
 #104

Probably when something really life and death emergency situation happened ( I hope not to) that requires a lot amount of money, like a lot, then I will be force to sell some of my holdings rather than taking a loan from a bank, because that's the purpose why we save money, to have something to spend just in case something happens.
Cases like this are inevitable. Even myself too, if something happens like this and yet your available money cannot cater to what is really needed, I will not make other choices but to sell instantly my bitcoin if that will only save my loved one. The only reason we invest is not just financial freedom, but also to make us always prepared when unforeseen events suddenly strike us.

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December 24, 2022, 09:49:01 PM
 #105

If we have been in the bitcoin world for a long time, I think we will be able to face great pressure, even though the losses we feel are getting bigger then we are more afraid to sell the bitcoins we have, because we are sure that for the next few years we will definitely experience another increase in the value of bitcoin, but if there are other pressures in the economic part then the pressure we feel must be different even we will find ways to deal with the problem including will sell all the assets we have.

Preserving what we already got and try adding more to our wallet is more likely easier to do when you already been here for such a long time, knowing that the bounce will take place and the time frame is unpredictable. Sometimes it's mostly depends on how you anticipate the market and how good your reaction in both bull and bear seasons.

Selling because of fear might be the influence or factors that are really hard to resist, but if you learn how to manage and work it out, the chance of achieving such goals is really beneficial to your investment.

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December 24, 2022, 09:55:47 PM
 #106

As for me, if I experience health issues, I will sell some of my Bitcoin regardless of the state of the market. In addition, if I encounter emergencies, such as the need to buy food or if someone wants to claim my possessions and is pressuring me to do so, I will also sell some Bitcoin because I hate embarrassment. Finally, if my market target is reached, I will also sell some Bitcoin. I am just holding Bitcoin because of only to make profit but  also to store the value of money in bitcoin incase of some emergencies.

As we put it this way, we can always replace the money if we work on it.
But spending it on our health aspect is priceless, as this is the most important thing in life.
How can you spend your btc or other coins if you are already in your deathbed?
So yes, if we need it for our health matters, why not? Money can always be earned once we get better.
Also, for me is if selling some of my coins will clear all my debts, why not?
It is better to sleep at night without any worries, remember, you can't buy peace of mind.
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December 24, 2022, 10:14:33 PM
 #107

I will sell bitcoin when I need money for health or any urgent work and at any price. Simply because if we have no other choice, don't hesitate to sell our bitcoins or assets. And it's easy to buy back bitcoins, it's not so scarce that you can't repurchase it later. Bitcoin's supply is limited that doesn't mean it's difficult to own, as long as you are determined, you can do anything.

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December 24, 2022, 10:25:31 PM
 #108

It has already happened a few times already, when health issues arise you do not consider investment or money or anything else, you think about healing and becoming better. I personally had some health issues, family members also had health issues, and we had to cash in our investments. Not just me, they all did and right now we are all worse in financial situation and closer to poverty, but do you know what it provided?

Nearly zero debt, we have just a tiny bit (a few hundreds dollars here and there) and healthy after so many years of battling with sickness. Not everyone has the same chance, many people lose a lot of money and be in tens of thousands of dollars in debt, crypto allowed us to not have that.

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March 14, 2023, 08:09:56 PM
 #109

It has already happened a few times already, when health issues arise you do not consider investment or money or anything else, you think about healing and becoming better.


On this aspect you are right, hunger can not make a bitcoin investor who has decide on how to hold his or her coin to sell, the only thing that makes an investor sell his coin are healthcare issues,  as a human we are we don't have to be uncharitable to ourselves because we all have only one life to live despite we all need money.

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March 14, 2023, 09:35:47 PM
 #110

the only thing that makes an investor sell his coin are healthcare issues,  as a human we are we don't have to be uncharitable to ourselves because we all have only one life to live despite we all need money

Not just health care issues, if Bitcoin jumps by 1000% or more at this moment, some holders may be tempted to sell part of their holdings, hoping to buy back should the price drop again.

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March 14, 2023, 09:42:13 PM
 #111

the only thing that makes an investor sell his coin are healthcare issues,  as a human we are we don't have to be uncharitable to ourselves because we all have only one life to live despite we all need money

Not just health care issues, if Bitcoin jumps by 1000% or more at this moment, some holders may be tempted to sell part of their holdings, hoping to buy back should the price drop again.
Majority would be on health care issues on which on someone doesnt really have any choice but to sell out some part of their holdings.Yes,its true that this would really be giving out some bad feeling
since you had failed on holding strong with your assets but there are situations in life which would leaving up no choice but to sell it out in outmost need.

Dont feel bad because those money converted is for the sake of better good or helping out yourself in times of need.Come to think that you are saving up for such situation
which i dont see the point for you to have those regrets.You could anytime patch it up on what you had deducted.
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March 14, 2023, 09:43:51 PM
 #112

the only thing that makes an investor sell his coin are healthcare issues,  as a human we are we don't have to be uncharitable to ourselves because we all have only one life to live despite we all need money

Not just health care issues, if Bitcoin jumps by 1000% or more at this moment, some holders may be tempted to sell part of their holdings, hoping to buy back should the price drop again.
Well, people would not hesitate to sell if there is a very high price surge for bitcoin as that’s what we’ve been waiting the whole time. However, the rate of chance for this to happen might be very low this time, as we are still waiting for bitcoin halving to finally see a good progress for bitcoin. But in instances where my family’s health will be at risk, regardless if the price of bitcoin is still not impressive, I would not doubt selling them so I can save my family’s health.
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March 14, 2023, 09:59:37 PM
 #113

the only thing that makes an investor sell his coin are healthcare issues,  as a human we are we don't have to be uncharitable to ourselves because we all have only one life to live despite we all need money

Not just health care issues, if Bitcoin jumps by 1000% or more at this moment, some holders may be tempted to sell part of their holdings, hoping to buy back should the price drop again.
Well, people would not hesitate to sell if there is a very high price surge for bitcoin as that’s what we’ve been waiting the whole time. However, the rate of chance for this to happen might be very low this time, as we are still waiting for bitcoin halving to finally see a good progress for bitcoin. But in instances where my family’s health will be at risk, regardless if the price of bitcoin is still not impressive, I would not doubt selling them so I can save my family’s health.
When you dont have any choice then you would definitely sell.Here's some circumstances which i would no doubt to sell my holdings.

1. One of my family is in danger
2. If i dont have money to buy family needs
3. Emergency financial problem

Just like the rest been saying above that no matter how strong holder you are but when you are on a situation which desperation do kicks in plus
you do know in your mind that you do have money then its likely you would be making use of it, its part of human instinct when we do talk about survival.

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March 14, 2023, 10:02:30 PM
 #114

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?
Anytime that I would face some financial problem and I don't have other choice then that is the situation that would force me to sell some of my crypto.
It doesn't matter if it is family or health issue as long as I don't have any other choice to provide I would sell to survive.
I would hold my crypto as much as I could as long as I could, but when the time comes that I don't have any way to survive or surpass the situation without selling my crypto then I would just sell it.



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March 22, 2023, 05:27:38 PM
 #115

You can't keep your Bitcoin if you see your family or loved ones in serious pain; you'll sell it to help them survive, and you can sell it if you see the price of Bitcoin falling, or if an emergency forces you to sell your Bitcoin.

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March 22, 2023, 08:53:07 PM
 #116

Personally, if BTC has increased 300% from my purchase price, I will automatically sell 1/2 of my holdings, take the initial profit and buy back the same amount when it declines again.
but if I need money urgently for a family affected by the disaster I can also release my btc, our health is already covered by the company where I work

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March 22, 2023, 09:07:21 PM
 #117

In my case my all income i.e. all payment I received that is on bitcoin so to fill my needs and my families needs I have to sell bitcoin . Also, I rarely try to touch bitcoins deposited for holdings. But sometimes due to very emergency issues I had to touch my bitcoin.  But if there is no health issue yet, I will not sell bitcoin.


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March 22, 2023, 09:36:30 PM
 #118

everyone naturally wants to sell their Bitcoin when their initial goal is achieved whether it's because they have reached their personal target or when Bitcoin reaches a new ATH. but the OP's question really indirectly makes us think again that life is not easy, sometimes we don't know that in the future we may be faced with problems that require us to be able to give up something valuable like our Bitcoin assets.
of course everyone will be forced to sell their Bitcoin assets when there is a very emergency and there is no other way but to sell our property or even Bitcoin assets.
I can't say yet because I haven't experienced a situation where I have to sell my Bitcoin, for health problems it's possible that I won't sell my Bitcoin because I have set up separate funds for health problems.
but maybe if the condition is related to our life and death problems or our family, of course I will not hesitate to sell it. Bitcoin is indeed a valuable asset but in my opinion family is more valuable than all the material things in this world.


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Lanatsa
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March 22, 2023, 09:46:12 PM
 #119

In my case my all income i.e. all payment I received that is on bitcoin so to fill my needs and my families needs I have to sell bitcoin . Also, I rarely try to touch bitcoins deposited for holdings. But sometimes due to very emergency issues I had to touch my bitcoin.  But if there is no health issue yet, I will not sell bitcoin.

Usually it would really be on health issues on which we do really need up some money which it would really be able to force us on snipping out some amounts from our long term hold or stash which i could say that

it isnt really that bad on considering that you do have savings at least.Yah, it does really give out that kind of regrettable feeling but theres nothing we can do because we do know that we do have a savings
which it is really just intended for these type of situations which you dont really have that choice but to spend it up.

This is the importance on having a savings or investment which you could really be having a solution or back up plans if you do have this.

R


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March 22, 2023, 09:52:49 PM
 #120

In my case my all income i.e. all payment I received that is on bitcoin so to fill my needs and my families needs I have to sell bitcoin . Also, I rarely try to touch bitcoins deposited for holdings. But sometimes due to very emergency issues I had to touch my bitcoin.  But if there is no health issue yet, I will not sell bitcoin.


In my opinion, if you hope that Bitcoin will become the peer to peer payment method for the masses, leaving your btc still, then you are wrong.  Who should start spending and running btc if not us?  How do you think mass adoption will happen?
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