How do you feel selling your BTC against your plans?

[CryptSafe]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

[bitterguy28]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.

But happy that now i am back on track and gathering my Bitcoin .

[hd49728]

A thought came over me while spending my BTC.

I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand.

It's a big lesson for you if it is your first time you experienced it.

How much do you love Bitcoin and want to spend all your capital to invest in Bitcoin, you must keep in mind that you must have another money source for emergency, just like the situation you shared.

Emergency can occur anytime and it's worse if you fall into such emergency months ago when Bitcoin was about $16,000 and you bought it around $60,000. You bought at top and had to sell at bottom because you have no choice.

Having another money source for emergency will help you to have stronger hands, to hold your bitcoins better and to avoid "buying at top, selling at bottom" even you don't want to do this.

[kizlod]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

[noorman0]

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

[Fundamentals Of]

Thanks for sharing what you've gone through. I have never experienced this but I have been trying to avoid this all this time. I have already considered this possibility. There could be an emergency anytime, that's why you do not invest everything in Bitcoin. That is not a wise thing to do. You should only invest your extra money. Don't include in your risked money those savings that are set aside for possible emergencies and other expenses.

[Sebas.tian]

It makes someone to feel bad at the moment, because it's not your plan to sell your bitcoins but condition make you to sell, so that you can settle the situations on ground so that it will not affect your family or your future. I experienced it from one of my close friend in the Same lodge, who needed sum of huge amount of money to pay his school fees at the moment, so that it will not affect his final year exam, but he was looking for money to borrow to settle the school fees and pay the person back before the end of the year, because he believe that the price of Bitcoin will definitely increase higher before that date. But nobody to help him at the moment and he had to sell his bitcoins at lower price with tears on his face because the price of Bitcoin was too low in the market.

[Cantsay]

Unfortunate thing can happen unexpectedly. I have experience something like that maybe once or twice but not for Bitcoin it was an altcoin it fell below the price I bought and I kept holding hoping it will recover soon so that I can sell all of them even if I don't get to realize any profit as long as I got my capital back then that's okay for me but unfortunately something came up and the money with me wasn't enough so I had to sell even though the price was low. Although, I didn't feel much because I was dealing with altcoin and I knew what I had involved myself with.

[Despairo]

That's the main reason why most people tend to use Bitcoin as a commodities rather than as a currency, because they feel when they spend their coins, they're sell at lost. Actually it's not a problem because you still have a lot Bitcoin and you will not always make profit if you're in hurry.

Let's say you're sick, you're going to visit a hospital, you're offered an option whether you're need to wait for next 3 hours but you're only charged for $100 or you don't have to wait but you need to pay $500. Which option you choose? of course depends on your condition and disease.

[Reatim]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

it is not about dying if you sell your bitcoin but some dreams might die to become rich  

how many of us are trying to keep our bitcoin on hold and selling those for something we don't really want is a frustrating feeling.
and you can say that for now because it seems that you are not a holder or not investing big , nor don't have experience from the past halving bullrun.
once you have those? your views will change for real.

[btc78]

It is a tough decision i think , though I never cross this situation but if time will call me for? sure that I will decide with a heartbreak mate.

I have a friend that sold His bitcoin (and this is not against his will) but he really regret when the price climb high.

so what more those who don't wanna sell but needed to that moment and suddenly price pumped or Bull market comes?
that will truly hurt them .

[peter0425]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that.

but lets pray that this will not cross us mate (because I don't really want to face this in any case)

But I think it's not as bad and devastating as some might say, it's just money.

reading other posts? it seems that everyone here are being serious nad will carry this with heavy load of comes.

No one will die if I do that.

that is correct
exactly , this is just a money and we will earn this in the future .

[Maus0728]

If you regret selling your bitcoin, remember that there was someone who sold their 30 BTC for drugs on Silk Road way back in 2012^[1]. That wasn't even an emergency in the first place; it was just a craving for someone who wanted to have a little adventure on their own .

Kidding aside, if you don't have a choice but to sell, move on already and start accumulating or DCA'ing again instead of feeling sorry for yourself due to an uncontrollable situation. Whatever happens, happens.

[1] https://www.reddit.com/r/CryptoCurrency/comments/ncc1xz/in_case_you_ever_feel_bad_about_selling_early/

[Dr.Osh]

Well, I've been in the same position as that. However, I thought that there was no other way and I had to sell my assets due to circumstances. it might happen in 2020. but i really want to hold it.
This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.

[CryptoBuds]

Yes, it is a very uncomfortable and sad feeling, but when it comes to emergencies, we need to prioritize. I once sold bitcoins reluctantly because I needed more money than my savings, so I had to sell most of my bitcoins. But I have no regrets because bitcoin is just money to serve life, and there are more important things to me. Another thing is I can buy back bitcoins whenever I have money, so I never regret it. On the contrary, I feel grateful to bitcoin because thanks to it, I have solved an important problem.

[Cuenta Alternativa]

This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.

Well, emergency money does not make sense to fund it indefinitely at 30%. The most that is usually recommended is about 6 months' salary. More than that is being too conservative because you will lose money to inflation. So, if you already have 6 months of salary saved like the OP, the rest is better invested somehow. The problem is that sometimes you may have a more serious emergency than those 6 months' salary and be forced to sell, but it's far from the most common. In the last 15 years, the maximum unforeseen event that I have had was 2 months' salary, everything else I was able to foresee and save in advance to meet the expense.

It should be noted that if you already have the 6 months and you foresee that you have to make a repair to the roof of your house because you have seen a leak, you have to save that money separately.

So, it hasn't happened to me like the OP, but in the extreme case of an unforeseen event that forced me to sell part of my bitcoin, I don't think I would regret it, because I would be forced by circumstances and money is there for those occasions, not just for parties and trips.

[mv1986]

Whether you really have to regret a sell-off or not due to an emergency would actually remain to be seen in the future in such a situation. I did indeed have a similar situation years and years ago. It wasn't for that much, but still it felt bad. But what happened afterwards? So I took action and sold with a couple of stones in my chest, and right afterwards Bitcoin took a nosedive and I was lucky and could buy it back later on for less money. Did I regret that I had to sell? Luck was on my side obviously and that way the emergency was even cheaper than I initially thought.

You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.

However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.

[Obari]

With all due respect @OP I think you're getting the concept of saving wrong and there is a big difference between savings and investment.
I always feel bad when people get the concept of savings wrong and putting themselves under pressure trying to do what others are doing. The major purpose or aim of any person doing any sort of business is to make profit or make money and saving is just a way of setting aside some portion of the money for emergency issues or pressing issues when the need comes without having to bother anyone with your personal issues.
I don't know at what price you bought your coins but I really don't place so much emphasis on the red and green lines when making sells especially when I know the market price is above my bought price and @Op what truly matters is that you were able to sort your issues without bothering anyone and that's the real concept of savings.

[Luzin]

You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.

However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.

Actually I never wanted to sell my BTC. I want to collect BTC so that it is getting more and more. But sometimes there are needs that I have to meet and cannot be fulfilled from the money I have from working. Of course when selling I feel sad because my BTC amount is reduced. But from that incident I am excited to have more return the amount of crypto I have used. In the end I understood that indeed my goal of owning Bitcoin or crypto is useful to increase income as a fulfillment of family needs.

[andriarto]

the same thing happened to me, where i used to have Ethereum as a stash, because i had an emergency so i sold it without sparing it, it was at the end of 2020, and it was around $300. try if I hold it 4 months later, it will be able to smile broadly. but that's the journey of life, and I have to learn to let it go, so I can look for it again, and it just so happened that at that time ethereum was my only treasure, maybe it wasn't my luck, even though at first there was no intention to sell it

[LogitechMouse]

First of all, if you will make a thread or at least share your opinion, please, please don't just post a wall of texts and click the "Post" button. Use some double spaces at least so that the readers will find your post very neat thus, they will read it. Anyway, somebody here in the forum shared that to me years ago. Can't remember the username already, but thanks for sharing it to me.

~
If you have had such experience, how was it like?

Did it many times already, and TBH, I don't feel even a bit of regret into my decisions.

Last 2019, I bought a PC. What did I use at that time? Bitcoin. Yes I spend at around 0.09 BTC at that time to buy my very own personal computer. Just imagine 0.09 BTC now if I choose to hold it, and didn't bought a computer. Of course I don't have regrets on that decision of mine because like you, I urgently need it because I don't have anything to use aside from my phone, and I badly need one at that time.

Whenever I sell Bitcoin, it always doesn't against my plans because I'm thinking first for a way to buy it using cash, but when I don't really have any other option, I will simply use Bitcoin, convert it and buy. I mean that is the main purpose of Bitcoin right that's why it is called a currency.

[laurenB7742]

You don't want to find yourself in a situation where you have to sell your entire holdings. That's bad and if I get you right you also only sold a fraction. But again, I was lucky enough to be able to buy back cheaper afterwards.

However, this is not the recommendation for anyone to try and time the market. Selling today and buying back cheaper tomorrow works as good as buying today and selling higher tomorrow.

Actually I never wanted to sell my BTC. I want to collect BTC so that it is getting more and more. But sometimes there are needs that I have to meet and cannot be fulfilled from the money I have from working. Of course when selling I feel sad because my BTC amount is reduced. But from that incident I am excited to have more return the amount of crypto I have used. In the end I understood that indeed my goal of owning Bitcoin or crypto is useful to increase income as a fulfillment of family needs.

Not just you, for holders trying to accumulate bitcoins for the future, no one wants to sell their bitcoins. But don't forget to invest in bitcoin is also to meet the needs of you and your family, so don't regret selling it, but be happy because we used it for the proper purpose. Bitcoin, gold, real estate... are all assets of great value, but they all have the same purpose of serving the needs of life, so when necessary, I will use them. They are important, but compared to the lives of our loved ones or our own, they are nothing.

[crypticj]

I hate selling any crypto against my plans. That's why people say that you shouldn't invest more money than you can afford. Because there is always a chance that you will wait for a long time to generate profit.

[Outhue]

Bitcoin sats are more valuable than USD, it's good you noticed that.

Next time, always plan for an emergency fund, as a Bitcoin investor, it is better to always have some funds for emergency reasons, do not invest all you have because when the needy comes you will have no choice than to go back into your portfolio and start selling some portion of your satoshis, and trust me, this will cost you,  because value doesn't always stays the same.

Here is my way, could be useful for you.

If you make 100$, always keep 50$ apart for survival reasons, maybe keep in your bank account.

Do not be brainwashed with the idea of going all in on Bitcoin, you aren't ready for this, in your case.

Try to make money from other sources, this will make your investment plan more easier.

[ethereumhunter]

I have experienced the things you have experienced many times and it doesn't make me regret it because I was in a very urgent situation where I had to have money to sort it out. Most of us would use bitcoins and sell them because of the urgent matter and that's what we have a stash of bitcoins for. And even if we sell it when the market is red, we still have to do it because we have no other choice. But I believe we can buy more bitcoins when we have money and can be at the right time when the market is correcting. So there is no need to regret that you have sold your bitcoins because of urgent business because that's what you must do.

[goldkingcoiner]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Life does not always go the way you want. This goes especially for your finances and your investments. Sometimes you need a little bit of extra money and when it comes to paying things like rent, insurance, etc. Bitcoin is not currently an option. So obviously life would force you to sell some Bitcoin to keep yourself above water. There is no shame in that. Perhaps a bit of disappointment, especially if the Bitcoin price was lower than when you bought it or Bitcoin was undergoing a pump and you were forced to miss out on the profits.

[Asiska02]

You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Believe me, selling at a loss when you intend to hold until the market recovers is the most uncomfortable feeling you'll ever have. This has happened to me several times, but when you don't have a choice, there's nothing stopping you from touching your investments; after all, they were invested to be used for a purpose and to solve problems when they arise, even if it wasn't at a time when it was expected.

One thing that keeps me motivated even when I sell at a loss is the fact that I didn't have to borrow from someone else to solve my problems, which is one of the best feelings and peace of mind you'll ever have.

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

Oh yeah, but the thought of it, if not controlled, can make you feel lifeless, as if you've vanished...lol.
I don't want that to happen to anyone, but if it does, which is likely, you'll have to prioritize the problem because you have a way to solve it without looking elsewhere. So I'll just say you should mentally prepare for it.

[SOKO-DEKE]

I've gone through this a few times, and I don't feel much pains when I sell my Bitcoin to cover an emergency needs because the reason I sell Bitcoin is always something that is crucial to my life. To be completely honest, though, my situation is not always the same as yours because, whenever for sell my Bitcoin for an emergency I'm not always at lost but always have luck selling my Bitcoin at reasonable prices

When you sell your Bitcoin at a loss, I'm sure it will be a painful memory.

Therefore, we advise against investing all of your savings in cryptocurrencies and instead to keep a sizable amount money in your bank account for emergencies.

[Bananington]

Therefore, we advise against investing all of your savings in cryptocurrencies and instead to keep a sizable amount money in your bank account for emergencies.

There should always be provision on your budget for emergency situations, which are situations to always expect yourself to be. But since this has happened already and it was not in your plan to sell at such a time, do not torture yourself with the thought of it, plans usually fail, it is why people who are smart always have a Plan B and C to the original plan, they have backup plans. Make new plans on how to replace what you have taken and also plan so not to find yourself in such a situation again by taking the advice of including money for emergency in your budget.

[Inwestour]

Life does not always go the way you want. This goes especially for your finances and your investments. Sometimes you need a little bit of extra money and when it comes to paying things like rent, insurance, etc. Bitcoin is not currently an option. So obviously life would force you to sell some Bitcoin to keep yourself above water. There is no shame in that. Perhaps a bit of disappointment, especially if the Bitcoin price was lower than when you bought it or Bitcoin was undergoing a pump and you were forced to miss out on the profits.

If I had to sell bitcoin, it would be disappointing and probably demotivating to some extent, but if there is a choice to sell bitcoin or take a loan, then of course I will choose to sell bitcoin, like probably many here.

In any case, the most important thing is the absence of financial problems, and when everything gets better, there will be new opportunities to create capital for investment. After all, we create investments in order to eventually become financially independent people, and one of the functions of our investments is to solve our financial problems, even before we planned it.

[xSkylarx]

Most of us will say we are disappointed or hurt because we sell it, but it depends on the perspective of the person. For me, I invest in bitcoin so that, in rainy days or emergencies, I can use it. That is really the main purpose of holding bitcoin. Though if I were in your situation, it would be best if you borrowed money from relatives or someone else and returned it, as you were still expecting the money, rather than selling bitcoin. It happened to me a lot of times. I would just borrow, but when it came to needing huge amounts, that was the time I sold, no matter what the price was.

[CryptSafe]

Most of us will say we are disappointed or hurt because we sell it, but it depends on the perspective of the person. For me, I invest in bitcoin so that, in rainy days or emergencies, I can use it. That is really the main purpose of holding bitcoin. Though if I were in your situation, it would be best if you borrowed money from relatives or someone else and returned it, as you were still expecting the money, rather than selling bitcoin. It happened to me a lot of times. I would just borrow, but when it came to needing huge amounts, that was the time I sold, no matter what the price was.

For sure your points are correct. Investment sometimes serves that purpose for which you have mentioned here. Most times you know people do not want to touch their investment for certain reasons best to them and also some people do not like going for loan or borrowing option do they do all they can by going for their investment that is why most people invest big time so they could fall back to it when ever the need arises. Most of the replies I went through really gets me wondering if really people do under the situation of things as to the Topic I made here. It is not all about having a physical investment or a digital investment. I think they really do not get the point clear somehow but everyone is entitled to his or her own opinion.

[darkangel11]

This story reminds me of that thing I heard someone say one time and it went like this:

People who are poor usually remain poor because they have debt, obligations, they can't afford to save up.
People who are rich will only get richer because money makes money and they have many different sources of income and a big margin of error.

When bitcoin is your only wealth and when a sudden payment is due you have to sell, you're not going to do well in this market.

[naira]

If you have had such experience, how was it like?

It can't be helped because necessity drives us to take anything that can have a sale value. It's not just Bitcoin that is a valuable item and when it's urgent to have money right away it will definitely be done. What you experienced, must have happened to anyone who has no other financial flow besides holding Bitcoin. I did the same because there really was no other way but to sell some of my Bitcoin holdings. But with the condition that if in the future I have more money then whatever Bitcoin has been taken will be patched back.

[Smack That Ace]

I hate selling any crypto against my plans. That's why people say that you shouldn't invest more money than you can afford. Because there is always a chance that you will wait for a long time to generate profit.

No one wants their investment plan interrupted, but there will be many cases where we are left with no choice. The problem is not that many people are investing more than they can afford, but that in many emergencies, you don't have enough fiat and you have no other solution, selling BTC is the last option.

I used to be in the same situation, I also have a lot of savings for emergencies, but not enough when I need a larger amount, so I am willing to sell my BTC. Life is like that, there will always be unexpected things that come and destroy all of our plans and dreams, but as long as we are alive, we always have the opportunity to start over.

[CryptSafe]

If you have had such experience, how was it like?

It can't be helped because necessity drives us to take anything that can have a sale value. It's not just Bitcoin that is a valuable item and when it's urgent to have money right away it will definitely be done. What you experienced, must have happened to anyone who has no other financial flow besides holding Bitcoin. I did the same because there really was no other way but to sell some of my Bitcoin holdings. But with the condition that if in the future I have more money then whatever Bitcoin has been taken will be patched back.

Most times it is not necessary you must wait for your financial flows though. If you checked I stated it clear that I was expecting a payment which was supposed to have been credited but was still pending I could not wait for it to be credited as the pressure was high to making sure that issues was sorted out immediately. So I did the needful by selling my bitcoin and I did replaced it when I was credited with my other payment I was expecting. Sometimes there are lots of inflow from different sources but you just can not tell the situation you might be in some cases that requires you to respond speedily when your other investment are not in for the response. Not only that, how about the processes or procedures involved to getting funds from other sources of your income, can they be able to respond in time like that of you selling your digital assets with ease, without any procedures involved to getting the money you needed urgently to sort things out.

[pgbit]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I have not personally experienced a situation where I had to sell my cryptocurrency during a market downturn to address an urgent need, but I have thought about what I would do in such a scenario. If faced with a similar situation in the future, I would consider looking for other options to obtain the necessary funds, such as borrowing from someone I trust or seeking out short-term loans from reputable lenders. It is important to stay calm and carefully evaluate all available options before making any financial decisions, particularly when under pressure or in a time-sensitive situation.

[AnonBitCoiner]

you sell bitcoin in your hard time therefore it is essential to get benefits in crypto trading that we should not put that amount which we think that it is necessary for other purposes. Not all sum should use for investment just put little amount and think about it that I will be untouchable for certain time until it enhances in worth.

Everyone is familiar with the thing that hard situations do not tell before origination but it comes suddenly so a person should always be prepare for such situations. Everyone should have certain amount of money save for such situations because if bitcoin holder sell his bitcoin when it was not accurate time for selling then he will face losses not actual return.

[RockBell]

As you said, it has to do with emergencies. If I'm not sure, I'm sure you won't try to tamper with your funds at this point in time when the price is down selling on loss. Once the funds you're expecting arrive, you should just credit your account back. Spending bitcoin does not come with a pleasant feeling at all knowing its worth, especially when the price starts going up.

[crwth]

It's something that I don't want to do, knowing that the price could be higher in the future. Imagine yourself buying a bag at $100 and worth 0.04 before. Imagine the price difference now. It's just a lot; you would never know what will happen next. So it's still best to stick to what you plan to do to do what you want.

Better to know and decide what you will do so that you wouldn't feel bad when selling or something. Because you can see the positives in that when you see that you have sold at a higher price if we didn't go to what price we wanted.

[_BlackStar]

Most times it is not necessary you must wait for your financial flows though. If you checked I stated it clear that I was expecting a payment which was supposed to have been credited but was still pending I could not wait for it to be credited as the pressure was high to making sure that issues was sorted out immediately.

Have you considered taking out a loan or something like that?
I think lenders will be willing to give you a loan of a certain amount, but you just have to convince them that the conditions are met.

Besides, I don't know how much funding you need and what the goal is. Urgency should be clearly classified, but if it involves the safety of your family or anything that puts their health at risk, then sell your bitcoin to save them. It is the most good option instead of spending time looking for a solution.

[kryptqnick]

I think it's good to have Bitcoin for emergency situations, and it shouldn't matter during an emergency whether the price is good or not. I generally don't like when something doesn't go according to my plan, so I would be upset about selling BTC when I wasn't planning to do that, but not because it's BTC; rather the bigger issue to me would be that an emergency occurred. Bitcoin is volatile, you win some and lose some, and I don't have a problem with that. Also, Bitcoin is money, so it should be used when it's needed, even if its value isn't the best at the moment. I think it's better than taking a loan, which some are asking about.

[Uruhara]

This kind of experience has happened to me too and I think the majority of us have had that too.

Emergencies sometimes come to us unexpectedly. but what makes it difficult for us is because we don't have an emergency fund preparation. so that we are automatically forced to sell assets that we have planned as long-term investments (bitcoins).

This situation must be very heartbreaking for you OP. because I've been in the same position. but I learned from the experience. i.e. since then I have always tried to save a little of my money to be kept in a special savings emergency fund. no need to save a lot of money. little by little. and it worked. a few months ago i had some sort of similar situation that needed funds urgently. and lucky I have an emergency savings fund. so that I no longer need to interfere with my long-term investment.

stay strong and believe me we can always start again.
feels hard. well at first everything was difficult.
but believe me things will get better if you can think more openly and accept what is there.

[Adbitco]

It's normal because one thing about life is that any funds or money you are saving via investment or not investment they are always for emergency and whenever it's time for emergency do not forget to use it immediately to sort out those problems because that was the reason it was saved to lift life from danger, all less it doesn't needs an urgent attention to be taken care of.

Boiling down on how your alert couldn't get to your account at the right, I believe there are p2p service provider if banks aren't releasing your payment you download online bank which I know too well that they swiftly operates without any delay.

As matter of fact, whenever you hold bitcoin at higher price and its happens that the price drop from the previous to the lower price and where you never thought of selling and emergency came up to me it looks like someone they have given a poisonous chemical to inhale, and at that point you couldn't but had no options than to just did because of circumstances at hand. Please just take heart because it something you can't deal away from or possibly when next if an urgency came up why not look for someone around to borrow maybe after sometime and you gets stabilized a bit then you send back to such person.

[indah rezqi]

Now you know why someone would not recommend you keep all your budget in bitcoin even if you are sure about its good potential in the future. Without an emergency budget, you will definitely get in trouble because it will only ruin your investment plans.

You could sell your 20% bitcoin holdings to cover that urgent need, or maybe 50% of it. You have to accept the consequences of losses caused by price volatility because you have no other option but to sell. If it were me, of course I would try to find other solutions such as selling my other investment assets like gold or whatever else is not being used instead of selling bitcoin (especially if your loss is significant).

[NeilLostBitCoin]

Many financial freedom promoters say on social media, "Keep at least 3-6 months of living expenses for emergency funds." Truthfully, I don't think 3-6 months of living expenses is enough for emergency funds, so at least allocate more than six months. Why more than? It's better to have extra funds compared to lesser funds. The lesson we can learn from our past situation is not to designate all of our money to bitcoin or any investment.

Initially, I thought earning in crypto-currency was always there, so I would invest all my money. Then the bearish market begins. I feel depressed every time I go to the app called "Blockfolio." This is the application I use to monitor my holdings. And then, one of our family needed the money for the hospitalization, so there was no choice back then since all of my funds were in crypto, so I traded most of my holdings at a lower price.

[famososMuertos]

^{OP:Arrange the paragraphs offers a better reading.}

There is no difference, none, Please! it is basically the same thing, managing daily responsibilities, these types of questions seem to come from people who have never managed a budget, income.

An investment never has those kinds of priorities, NO!.  that is, emergency.

An investment is a purchase contingent on waiting for a return, if it didn't happen, so, It doesn't matter, but if you start to "cry". Then meant is took money that I shouldn't have to investiment, it's that simple.

You learn from situations like it, just try again, bitcoin is always there for new investment.

[o48o]

-cut-
If you have had such experience, how was it like?

I had many such experiences. I am just happy that i had cryptos as buffer money to deal with that emergencies. Even if i had to sell them with low price.
Few times i felt miserable that i had to sell like third of my portfolio right after a flash crash. But i've learned that i can rise again and again from having just $200 in my pocket and investing that into some small caps. It just takes some luck and dedication. Not giving up is the key here. If you give up, there's zero change you make it.

[qwertyup23]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.

But happy that now i am back on track and gathering my Bitcoin .

I am actually guilty of this currently- majority of my BTCs that I receive from my campaign are going towards my personal expenditure. Technically, I feel somehow numb about this but as soon as I remember the time when I first started (1 BTC = $4,000-$5,000), I realized that the potential of BTC increasing its price is soon.

To be honest, I just want to break this cycle of converting my personal BTCs to my local currency as soon as I receive it. I just want to stop and HODL my BTCs for future use so that I could maximize their value in the long-run.

[BenCodie]

If everyone could hold onto their coins without having to liquidate them into fiat, I believe they would! Shame on those who did not have to but still did anyway (their loss though )

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.

But happy that now i am back on track and gathering my Bitcoin .

I am actually guilty of this currently- majority of my BTCs that I receive from my campaign are going towards my personal expenditure. Technically, I feel somehow numb about this but as soon as I remember the time when I first started (1 BTC = $4,000-$5,000), I realized that the potential of BTC increasing its price is soon.

To be honest, I just want to break this cycle of converting my personal BTCs to my local currency as soon as I receive it. I just want to stop and HODL my BTCs for future use so that I could maximize their value in the long-run.

If you don't have to, then don't! Find something offline that will keep your personal life afloat so that you can stack the sats you earn offline. If the spending is leisure/recreational, think of how much more leisure/recreation that you could enjoy if you held instead of selling, and had 5-20x more value in a year or two.

[Woodie]

How do you feel selling your BTC against your plans?

If your hands are tied and you do not have another source of funds that can help you sort out whatever pressing issues you have at hand...then sell those coins you don't owe anybody any explanation why you are doing so, besides you can always get back at the same position as you left by buying new coins at a later date!

There is no difference, none, Please! it is basically the same thing, managing daily responsibilities, these types of questions seem to come from people who have never managed a budget, income.

This just gave me an idea, maybe some budget lessons need to be put somewhere around the forum to put these questions to  bed

An investment never has those kinds of priorities, NO!.  that is, emergency.

My thoughts exactly, if an emergency comes you act on it immediately and the best way to not be caught unaware is to have some kind of emergency funds stored somewhere or use your insurance or overdraft facility with your bank.

An investment is a purchase contingent on waiting for a return, if it didn't happen, so, It doesn't matter, but if you start to "cry". Then meant is took money that I shouldn't have to investiment, it's that simple.

You learn from situations like it, just try again, bitcoin is always there for new investment.

I think people think bitcoin is a one get rich quick scheme and people want to put in money today,and tomorrow are ready to withdraw a hundredfold, this is an investment we need to treat it as such and accept retains could take some time before maturing.

[Macadonian]

I am actually guilty of this currently- majority of my BTCs that I receive from my campaign are going towards my personal expenditure. Technically, I feel somehow numb about this but as soon as I remember the time when I first started (1 BTC = $4,000-$5,000), I realized that the potential of BTC increasing its price is soon.

To be honest, I just want to break this cycle of converting my personal BTCs to my local currency as soon as I receive it. I just want to stop and HODL my BTCs for future use so that I could maximize their value in the long-run.

Find a job that pays in fiat that you can use for your bills and other things you are currently using your Bitcoin for and then use Bitcoin as a saving. If you tried saving fiat it does not have the potential to go up in the future but Bitcoin does have the potential to go up. It might be risky but I think if you want to escape the cycle you will need to take some risks.

[topbitcoin]

If you have had such experience, how was it like?

We should be more grateful with what we get. I mean, a lot of people maybe had that experience especially when we know at range 2014-2017 itself bitcoin price climbed a lot. Some of them must be already sold their coins, or maybe already used their coins for something that really in urgent condition and it happened to me. If i can i will hold coins that i earned, but i have no choice beside sell my coins when something urgent happen.

[peter0425]

If you have had such experience, how was it like?

We should be more grateful with what we get. I mean, a lot of people maybe had that experience especially when we know at range 2014-2017 itself bitcoin price climbed a lot. Some of them must be already sold their coins, or maybe already used their coins for something that really in urgent condition and it happened to me. If i can i will hold coins that i earned, but i have no choice beside sell my coins when something urgent happen.

The question is about selling against your plan or will but you are mentioning about those who sell with their decision and plans that is far different from what you are telling.
though you admit about will sell if there is no choice yet that is your opinion and decision and still not have experienced that situation while many of us have already.

[wxa7115]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

What you are experiencing is quite common, but instead of being sad about it you should be glad that you had enough bitcoin on hand to help you solve your problem, there are many users which for some reason or another found themselves with the need of starting their journey all over again with almost no bitcoin to their names.

But since they had a way better idea of what to do and what not to do compared to their newbie days they increased the speed of their accumulation, and now many of them have more bitcoin now than the bitcoin they had back then, and there is no reason to believe the same could not happen to you as you have a lot of time before the next halving takes place.

[MiF]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I think you are not the only one who already feel that way, many people here do the same thing when it comes to emergency reason, specially when we experienced a life and death situation and it needs a urgent funds to save life then the best choice is selling bitcoin, because we can still get bitcoin if we can get  funds in the near future while we cannot get life if we loss it. So for me the best choice is to sell btc for good.

[borovichok]

We should be more grateful with what we get. I mean, a lot of people maybe had that experience especially when we know at range 2014-2017 itself bitcoin price climbed a lot. Some of them must be already sold their coins, or maybe already used their coins for something that really in urgent condition and it happened to me. If i can i will hold coins that i earned, but i have no choice beside sell my coins when something urgent happen.

Bagging Bitcoin in the early years, before it was widely explored, was supposed to have resulted in tremendous profits since then, however due to the yearly dump season, I sold my Bitcoin long ago. One may sell if they feel the bear season is about to arrive or they don't want to lose the earnings they have already made from their trading position. It's a dreadful time since the bear market tends to derail any preparations that had been made for the day. Trading in a bear market requires good timing since a trader cannot afford to run up their account to the point of liquidation. Contrary to my expectations, exercising the sell option for the Bitcoin in my portfolio stimulates more chance to bagged more.

[Uruhara]

I think you are not the only one who already feel that way, many people here do the same thing when it comes to emergency reason, specially when we experienced a life and death situation and it needs a urgent funds to save life then the best choice is selling bitcoin, because we can still get bitcoin if we can get  funds in the near future while we cannot get life if we loss it. So for me the best choice is to sell btc for good.

In an emergency, we really can't do much other than use the fastest funds we can get. one of them is selling bitcoins. even though this would be really sad. but you are right we can still buy bitcoins again at another time. and restart the accumulation bit by bit. because meeting urgent needs must be prioritized.

but we have to learn afterwards. that is, we must learn to set up an emergency fund from now on. so that we are always ready if there is an urgent situation that comes

[CryptSafe]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.
if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.
But happy that now i am back on track and gathering my Bitcoin .

Hey mate I see no reason why I should regret for using my bitcoin which I  can sort out things myself and replace it immediately. If you read my post well I stated it clear that I had a pending credit alert which I was waiting for but yet to be credited so I had to use my bitcoin to trade for the urgent attention. Upon receiving the credit, I replaced my bitcoin that I had traded earlier. So I was not in any way at loss. Loan was not my option at any moment in time because I do not go for it. I had other investment but to begin the process of getting cash or funds out takes procedures so the easiest I could get hold of at my disposal at that very moment was my digital asset mind you I could replace it at any moment in time so I had to do the needful because that was the easiest means and it helped and was of good service.

[Minecache]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.
if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.
But happy that now i am back on track and gathering my Bitcoin .

Hey mate I see no reason why I should regret for using my bitcoin which I  can sort out things myself and replace it immediately. If you read my post well I stated it clear that I had a pending credit alert which I was waiting for but yet to be credited so I had to use my bitcoin to trade for the urgent attention. Upon receiving the credit, I replaced my bitcoin that I had traded earlier. So I was not in any way at loss. Loan was not my option at any moment in time because I do not go for it. I had other investment but to begin the process of getting cash or funds out takes procedures so the easiest I could get hold of at my disposal at that very moment was my digital asset mind you I could replace it at any moment in time so I had to do the needful because that was the easiest means and it helped and was of good service.

Even if you have to sell bitcoin at a loss, you shouldn't regret it if the emergency involves something important like an accident or endangers the life of you or your loved one. Don't forget our goal when investing in bitcoin is to help us have a better life, not to see it as a religion to worship and never use. If I could just hold bitcoins to death, bitcoins would be the most useless asset I have ever held, bitcoins only give value when we use them. It's sad if someone considers bitcoin more important than their own life or loved ones.

[Nrcewker]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

[Rigon]

How do you feel selling your BTC against your plans?

When the price of Bitcoin was between $12k and $16k, I invested some Bitcoin and kept it. Actually the bitcoins i had were mainly earned from this forum. I held that investment for a long time. I sold my bitcoins when the bitcoin market rose to $40,000. Then Bitcoin did not stop there and gradually increased and took the position of $69k. Then I started feeling very bad. It seemed like I would have made more money if I had held on to this short period of time. However, I regretted it for a while and accepted it from my heart.

[crunck]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

When things don't go as we planned, it's an indescribable sadness. But if selling bitcoin or any other asset can help us in an emergency or save someone, it's the right thing to do. And as you said: as long as we have money, we can buy back bitcoins, so there is no need to regret but find a way to fill in what was lost.

[m2017]

Having a plan and sticking to it is always good. Even better, have a backup plan or several at once. I am of the opinion that you don't need to keep all your funds at bitcoin, so that you don't have to sell it at a loss in a force majeure situation similar to yours. Now you have been taught by experience that it is necessary to have some reserve money for contingencies and you should not rely entirely on btc, for it is subject to price fluctuations. It's one thing if you successfully hit a growth moment and are forced to make a profit, and it will be completely different if you have to sell at a loss. It is better not to allow such situations to arise and to do everything so that nothing interferes with the implementation of your original plan.

[JoyMarsha]

In an urgent situation, severe measures are required. Even if you sell your bitcoin when you shouldn't have, doing so should not make you feel awful. You should be grateful that you have something (Bitcoin) to save the day.

I've had similar experiences to yours before. Then I had no friends or any other financial support, other than selling my bitcoin was my best option. I didn't care if I was on the losing side or not. My sole thought at the time was how to handle the pressing situation.

[AverageGlabella]

I am at the stage in my life that I have enough emergency money that I have invested a big amount of my savings into Bitcoin. I can continue to live off of my emergency money if some thing goes wrong and I will not be forced to sell my Bitcoin until I have hit my target which the price is a long way from hitting the amount I would sell at. I encourage others to dca because that helps you still profit if you need to take money out of Bitcoin and use it for other things.

[xSkylarx]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

When things don't go as we planned, it's an indescribable sadness. But if selling bitcoin or any other asset can help us in an emergency or save someone, it's the right thing to do. And as you said: as long as we have money, we can buy back bitcoins, so there is no need to regret but find a way to fill in what was lost.

But you bought it at a different price and also sold it at a loss, but if your purpose is to have money in case of emergencies and those are not intended for other things, then it is okay, but if you have plans for it, try to find another solution like borrowing money if you can pay it, mostly if that is not huge. Though again, if the situation is really bad, you have no choice but to sell it. Don't regret it; you needed it. But next time, you should also have an emergency fund so that you can take it in case of emergency.

[noormcs5]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

After reading your story, i think you did not have any choice and you were bound to sell your bitcoin as it was an emergency situation and you needed cash. I hope you did not sell your bitcoin at a loss , means did you bought them at a higher price ?
Maybe you could have got loan from some near and dear ones and not sell your bitcoins.

For future, when you invest in bitcoin be careful to keep some fiat money with you all the time. Invest only which you think is surplus and you won't be needing it anytime in future. In this way, you will have fiat money with you for all your needs and you can save bitcoin for long term without any such issues.

[CryptoHeadlineNews]

I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately.

The Bitcoin market is one place that can never be manipulated, and as such I see no reason why you should be sad/worried about selling your Bitcoin, as it was meant to be sold afterwards in times of urgent needs, in as much  as you have the intention of buying it back immediately after you get your long awaited fund credited. Because the only challenge will be a slight difference in the price of Bitcoin from the time of sell to the next time you intend to buy back, which can never be a barrier to any one who intends to invest long term.
But one thing I personally don't joke about is my health or that of a family member, of which at such point I don't mind spending my last Bitcoin just to save a life, as I know it is only a healthy person who can invest.

[Ndabagi01]

How I feel is inexplicable, and it is one of the strangest emotions one can have in the digital world of cryptocurrency. When this situation arises, I weigh many options before selling it, but if there are no other options, I will have to sell them to meet my needs. It's not a big deal if that happens because I can pay my bills on my own, but the thought of it makes one feel bad and uncomfortable.

[Flexystar]

This is very good question because until now I really thought it's just me who is selling the bitcoin against my own will and wish that there would have been other way to do it. Though I personally try to prominent about my bitcoin savings, sometimes you just can't do anything but sell bitcoins for fiat and use it wherever required. In my time with bitcoin, I might have done this multiple times. However, I have strictly saved most of the amount in my ledger. The only thing I regret is when I miss few payments and I need to cash out them in the fiat and I could not save them in the ledger. It shifts my wishful savings goal all the time.

I am yet to fulfill my goal of having 1 full bitcoin. However, if I calculate all the transactions that happened over my ledger (in and out) then they are pretty close to 1 full bitcoin. Anyways, let's just hope that everyone succeed in such goals and over the time spend less against the will.

[$crypto$]

I am at the stage in my life that I have enough emergency money that I have invested a big amount of my savings into Bitcoin. I can continue to live off of my emergency money if some thing goes wrong and I will not be forced to sell my Bitcoin until I have hit my target which the price is a long way from hitting the amount I would sell at. I encourage others to dca because that helps you still profit if you need to take money out of Bitcoin and use it for other things.

That is the right way where you have prioritized emergency funds as well so that it will not interfere with the funds that will be invested more precisely we must have good management during the Bitcoin buildup process by DCA.
I think it's important where we not only rely on investment if there is a sudden need while emergency funds will be a guarantee for us when there is a pressure that must be issued that same day, so I also try to divide between the dareuat funds and also for Bitcoin investment.

[GideonGono]

I always feel mad or sad it is mixed emotion but when I sell my crypto I accept that I really needs to let it go, because when I sell my crypto it just means that I don't have any choice left.
I wouldn't sell my crypto if there is another choice for me, I want to keep them as much as I could.
It is nice to know that I am not the only who feels that they are selling their crypto against their plan or will.

[tread93]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Its never a fun experience to do something like this. But at the end of the day don't you feel good knowing that you were able to cover this expense and not have to take out a loan or something like this? Surely a loan would have cost you more and more debt. You can always buy more bitcoin, but maybe not at the same price. Even selling for a loss, you should be thankful that you have what you need. As long as you can wake up and live you can get more bitcoin, always.

[mv1986]

Most times it is not necessary you must wait for your financial flows though. If you checked I stated it clear that I was expecting a payment which was supposed to have been credited but was still pending I could not wait for it to be credited as the pressure was high to making sure that issues was sorted out immediately.

Have you considered taking out a loan or something like that?
I think lenders will be willing to give you a loan of a certain amount, but you just have to convince them that the conditions are met.

Besides, I don't know how much funding you need and what the goal is. Urgency should be clearly classified, but if it involves the safety of your family or anything that puts their health at risk, then sell your bitcoin to save them. It is the most good option instead of spending time looking for a solution.

A loan could get him into deep trouble if Bitcoin continues its downward trend for a short while and he is gets into the same situation again. As you said we don't know the exact circumstances and conditions, but as you can just see Bitcoin is fighting to keep the 22k range and could as likely go down as it could go up. If someone now accepts Bitcoin as collateral but it drops in price, the overall situation could get even worse.

Eventually, you are right that health should in every case be priority one, as no amount of Bitcoin in the world helps you when you are seriously sick. Rather bite the bullet and sell the Bitcoin than bite the dust!

[stadus]

It depends on the urgency and reason why you had to take out some of your coins just to fill the payment that you needed.

What I mean is if that urgent is all about the missing payments of some loans/debts, bills or etc., then most probably, you will get disappointed and will never forget the moment you took out a fraction of your investment just to secure it because it's not that you really didn't expected that to happen as most bills are already schedule way ahead.

But if it's a matter of life and death kind of urgency or even a sudden injury in one of your family or friends (I hope not) then there's no need to fret about the coins you took out because money and investments are always replaceable especially after the fact that you mentioned that the market is still red, but lives aren't.

[|MINER|]

I think most of the people who stick with cryptocurrencies have been in this situation.  And those who know well about this will definitely not feel good after these experiences.
I have also faced this kind of situation several times, there was nothing to do, I had to withdraw lightly accumulated funds for long term investment.  And that strategy had to be taken again later. And the feeling of it is not good at all specially for this current situation of market And in 2021, this feeling was even worse. But I think if you want to use Bitcoin in all kinds of field, then you should keep some funds aside for it.

[Yatsan]

Ofcourse, it won't be fulfilling to do so and may sometimes yield to regrets but that is how investment works. We have different circumstances as investors and there will just be times wherein you need to make adjustments to balance things out perhaps emergencies and such. No one wants to go in contrast with what's planned, 'coz you already have intentions in the first place. Not only in this industry but to all investment industries. Also, it won't be surprising to know that this instance is also frustrating at some points.

I think most of the people who stick with cryptocurrencies have been in this situation.  And those who know well about this will definitely not feel good after these experiences.
I have also faced this kind of situation several times, there was nothing to do, I had to withdraw lightly accumulated funds for long term investment.  And that strategy had to be taken again later. And the feeling of it is not good at all specially for this current situation of market And in 2021, this feeling was even worse. But I think if you want to use Bitcoin in all kinds of field, then you should keep some funds aside for it.

A change from one investment to another? Nothing wrong about it, you might be just wanting to lessen the risk and promote efficiency with your 'buckets'. The market itself is just unpredictable which somehow leads to confusion towards investors' decision whether to just stand still or to move some assets to other which could generate profit as well, if not bigger, atleast faster.

[Quidat]

I think most of the people who stick with cryptocurrencies have been in this situation.  And those who know well about this will definitely not feel good after these experiences.
I have also faced this kind of situation several times, there was nothing to do, I had to withdraw lightly accumulated funds for long term investment.  And that strategy had to be taken again later. And the feeling of it is not good at all specially for this current situation of market And in 2021, this feeling was even worse. But I think if you want to use Bitcoin in all kinds of field, then you should keep some funds aside for it.

Even on my self on which there are really moments which it does really give out no choice but to sell up some part of your holdings just because you are really that needing it urgently or some emergencies.

This is why its not really that bad on selling a part or portion of those if we do know that it is really that on something important rather than on making yourself that regret for the rest of your life just
because you had stick out on being a holder no matter what.

This is the main reason on why we do save and why we do tend to earn is for having those back up funds whenever there are emergencies.

[romero121]

If we were able to keep hold of the faucets claimed in the past, now that could've turned to be big value. What we see at present is completely different, and taking the same in mind it is good to accumulate as much possible, because we don't know whether we'll get an opportunity to buy at these prices in the future.

Myself too sold bitcoin on need as I wasn't able to manage through other funds. What happened the price increased and if I calculate the difference it is big. So, try to arrange the necessity through some other means and go for selling of bitcoin at the last.

[CryptSafe]

Have you considered taking out a loan or something like that?
I think lenders will be willing to give you a loan of a certain amount, but you just have to convince them that the conditions are met.
Besides, I don't know how much funding you need and what the goal is. Urgency should be clearly classified, but if it involves the safety of your family or anything that puts their health at risk, then sell your bitcoin to save them. It is the most good option instead of spending time looking for a solution.

Money lenders and loans are what i really do not fancy that is why i try my possible best in investing in profitable ventures so i could have a strong financial base. So far, i have always meet up my financial  demands even at emergency and urgency as the case may be. I was able to buy back by replacing my bitcoin as i received my pending payment that same day and as lucky i was the price was lower than i sold so i bought more than i sold then to balance my investment and to maximize my profit when there is increase in price of bitcoin. So there was nothing for me to loose  and as a matter of fact, the sales of the bitcoin served a better purpose for which the emergency came with and that was my happiness that i had something of that nature to fall back even when there are other investment i could turn to immediately which could have taken much time and procedures to get the cash but bitcoin was very fast at my disposal to get the cash at hand.

[bakasabo]

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

[CODE200]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

You will really feel bad about it since its against your plans but you don't have a choice especially if you will use the money for an emergency. Even the price that time is low you will sell it, swear. But remember that you did a good decision back then, just think of the result in one situation if you wouldn't do that.

[Finestream]

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

True. Regardless if the market is red or green, that won’t matter anymore as long as it will save someone’s life which is very dear to you. I know the feeling isn’t easy but the fact that there’s no other way that you can obtain that huge amount of money, then you have no choice but to sell it. There are instances that I have been in your shoes and I must say it’s so devastating, but knowing you are able to help from your bitcoin hodling, I must say the feeling is so fulfilling.

[pawanjain]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

The problem is genuine and I guess many of us would have encountered this problem at least at some point of time.
But there is a simple solution to this problem. We all must have an emergency fund which consists of an amount that can bare our expenses for survival for the next 10 months.
This is the first thing we all should do before we make any kind of investments. If you had an emergency fund then you wouldn't have had to sell your BTC at cheaper price.

[DanWalker]

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

True. Regardless if the market is red or green, that won’t matter anymore as long as it will save someone’s life which is very dear to you. I know the feeling isn’t easy but the fact that there’s no other way that you can obtain that huge amount of money, then you have no choice but to sell it. There are instances that I have been in your shoes and I must say it’s so devastating, but knowing you are able to help from your bitcoin hodling, I must say the feeling is so fulfilling.

Indeed, it is uncomfortable to sell our bitcoins at a time that is not part of our plans. But in life, there are more important things than bitcoin, and if we miss it, there will be no chance of finding it back. I also once fell into the case of selling out of bitcoins to save a loved one, every time I think about that bitcoin, I still feel a bit sorry, but it's worth it because I saved a loved one. Bitcoin, I can buy it back someday, but the life of my loved ones is impossible if I ignore them in the past to choose bitcoin.

[cafter]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

this was happened with me , I invested in bull market then in the beginning of bear market the market fall by 30% at the same time an emergency came out and i need to sell my most of the crypto to clear that emergency i was feeling that, now the price is very low i would not get money what i invested in the beginning but i sold it at 30% discount for me for that emergency .

but from this i learned lesson:
1. Save money in fiat for emergency in bank account, which will help you in emergency like health, etc.
2. always invest keeping in mind that the invested fund will not be withdrawn till 5 years , means always think of long term in case of crypto.

[crunck]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

When things don't go as we planned, it's an indescribable sadness. But if selling bitcoin or any other asset can help us in an emergency or save someone, it's the right thing to do. And as you said: as long as we have money, we can buy back bitcoins, so there is no need to regret but find a way to fill in what was lost.

But you bought it at a different price and also sold it at a loss, but if your purpose is to have money in case of emergencies and those are not intended for other things, then it is okay, but if you have plans for it, try to find another solution like borrowing money if you can pay it, mostly if that is not huge. Though again, if the situation is really bad, you have no choice but to sell it. Don't regret it; you needed it. But next time, you should also have an emergency fund so that you can take it in case of emergency.

Yes, an emergency fund is very necessary and important to our life. But I still see many people proud to invest all their money in bitcoin without any emergency fund, they think it's cool to do so and brag all over the place. I think at some point they will regret their decision.

[Pesona1]

Yes, an emergency fund is very necessary and important to our life. But I still see many people proud to invest all their money in bitcoin without any emergency fund, they think it's cool to do so and brag all over the place. I think at some point they will regret their decision.

We are all bitcoin lovers here and hope that the bitcoin price will continue to soar high, but even so we cannot forget the volatile nature of bitcoin and we cannot predict for sure what will happen to bitcoin in the future, investing in bitcoin is indeed quite promising but we should not all in with to spend our money in bitcoin, having future investment assets is important as well as emergency funds or savings so that our finances can be guaranteed in the future, All in we money investing in bitcoin is definitely a reckless move without thinking about what will happen tomorrow.

[doomloop]

How do you feel selling your BTC against your plans?

When the price of Bitcoin was between $12k and $16k, I invested some Bitcoin and kept it. Actually the bitcoins i had were mainly earned from this forum. I held that investment for a long time. I sold my bitcoins when the bitcoin market rose to $40,000. Then Bitcoin did not stop there and gradually increased and took the position of $69k. Then I started feeling very bad. It seemed like I would have made more money if I had held on to this short period of time. However, I regretted it for a while and accepted it from my heart.

What you did wasn't actually against your plan since you didn't even have a plan for selling them and you were just holding them for a better price which you got I believe. Buying or holding from $16k to $40k is pretty much a good profit, though you could get more money if you had held them longer, I think you got a pretty good bargain still.

Selling your bitcoins against your plan would have been if you bought them at $16k and had the target of $50k in mind and then you sold them before reaching that mark due to any reason, either price drop and fear of losing value or anything.

[KingsDen]

Firstly we should understand that bitcoin is a currency and every currency is meant to be spent. It is due to the volatility of Bitcoin that make the price rise and fall occasionally, then we have profit in it.
Anyways, that was not the initial plan of satoshi when he made bitcoin, but since we have made it to be so I understand that it will be painful to spend your bitcoin when the market is red. However, that teaches us about the importance of emergency fund. Emergency fund is the fund we use to solve emergency problems. And I believe that the problem that led to selling your bitcoin at loss is an emergency problem. So before you begin to invest more in Bitcoin have your emergency fund ready in order not to repeat same mistake.

[The Cryptovator]

For me, this circumstance has not yet arisen. Yet, in this scenario, I will undoubtedly be unhappy if I am forced to sell something at a loss. But I won't care if there is no loss. Hold cryptocurrency for life, not forever. I follow those guidelines. I had purchased Bitcoin, but I didn't lose much money doing it. Yet, I lost money through trading, which still hurts. I make an effort to always keep some fiat on hand just in case of emergency. I actually rarely touch it in my everyday life. Thereby, I shouldn't sell my cryptocurrency in an emergency. Hence, it is advisable that you maintain with this or start setting aside money each day for the future. An emergency could arise at any time.

[panganib999]

Well not the best feelings to put simply. Especially when I remember that it's so much harder putting back money in your investments than taking them out, especially during my beginner days as a cryptocurrency trader. But as time went by and the money became right, I grew indifferent with taking some money temporarily out of my investments, coz I know as a salaryman first and a bitcoin/crypto trader second I could recuperate the money one way or another. Which is why I always advise that besides diversifying your portfolio, you should also diversify your sources of income. Sticking on one income plan doesn't work anymore these days, at least for me so I prompted to find another source so I don't starve to death and I still have a means to fund my investments in the process.

[Fivestar4everMVP]

If you have had such experience, how was it like?

Not good as you said, this is something I've experienced alot of time, and not just with bitcoin, but also with lots of other altcoins I invest in as well, though normally, I think I always find it more comfortable selling my altcoin than selling bitcoin, though it always largely depends on the situation.

But generally, it's always very disappointing and devastating to have to sell off potion of my coins I kept as an investment for the future, most especially, when the market price for the coin of choice have dropped significantly.
But it's better though, than allowing things to get out of hand, most especially, if it's something that have to do with life and death.

[Russlenat]

Well, I've been in the same position as that. However, I thought that there was no other way and I had to sell my assets due to circumstances. it might happen in 2020. but i really want to hold it.
This condition actually teaches us that saving emergency money is also very necessary. for example, we put 30% of our salary or the income we have for investment, while another 30% for emergency funds, and the rest for savings and living necessities. although it is an easy strategy to understand, very many people find it difficult to do, especially people who are saving money, or investing. other than that, it would be very good if we are committed to investing until our goals are achieved, and look for other alternatives to cover our urgent needs.

I believe it’s the most appropriate thing to do if we could save some for emergency funds, and some for our investment. As there will be unforeseen events that might suddenly arise, at least we don’t have to compromise our investment funds because we have already secured our emergency funds prior to that. However, if the emergency funds are still not enough, then we can consider selling a little portion of our investment so that we can cover the whole funds needed urgently. At least, we don’t have to sell everything we have in our portfolio.

[lixer]

If you regret selling your bitcoin, remember that there was someone who sold their 30 BTC for drugs on Silk Road way back in 2012^[1]. That wasn't even an emergency in the first place; it was just a craving for someone who wanted to have a little adventure on their own .

Kidding aside, if you don't have a choice but to sell, move on already and start accumulating or DCA'ing again instead of feeling sorry for yourself due to an uncontrollable situation. Whatever happens, happens.

There is no need to regret selling our Bitcoins because I believe that we did that on purpose and if not then we still have our Bitcoins with us but what's the point of doing this? That's an interesting story you got there but drug addicts are always in need of drugs so what they did there was still considered as an emergency. Before we invest in Bitcoin we are always advised to not put our eggs in one basket.

Other than diversifying this could also mean that we should not put our whole wealth in it so that whenever there is an emergency, we still have a cash in our pockets and this is the one that we are going to use and not the Bitcoins that are inside our Bitcoin wallets.

[Botnake]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

it is not about dying if you sell your bitcoin but some dreams might die to become rich  

how many of us are trying to keep our bitcoin on hold and selling those for something we don't really want is a frustrating feeling.
and you can say that for now because it seems that you are not a holder or not investing big , nor don't have experience from the past halving bullrun.
once you have those? your views will change for real.

Believe me, if you are a holder of huge amount of bitcoin, you just prefer to hold it long until you see good price to sell, rather than sell it unplanned just because someone is in badly needed for money. I really understand what OP is trying to say, but always remember that there are limits to everything. If bitcoin could mean the only way to save a man’s life out from danger, or from a very worst situation, then forget about profiting, saving life is more important than seeing yourself still in profit but you fail to help people in need. So there’s no reason to regret for long, you just have to do DCA again so you can regain your bitcoin amount in your portfolio. No if’s and but’s.

[Mahanton]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

it is not about dying if you sell your bitcoin but some dreams might die to become rich  

how many of us are trying to keep our bitcoin on hold and selling those for something we don't really want is a frustrating feeling.
and you can say that for now because it seems that you are not a holder or not investing big , nor don't have experience from the past halving bullrun.
once you have those? your views will change for real.

Believe me, if you are a holder of huge amount of bitcoin, you just prefer to hold it long until you see good price to sell, rather than sell it unplanned just because someone is in badly needed for money. I really understand what OP is trying to say, but always remember that there are limits to everything. If bitcoin could mean the only way to save a man’s life out from danger, or from a very worst situation, then forget about profiting, saving life is more important than seeing yourself still in profit but you fail to help people in need. So there’s no reason to regret for long, you just have to do DCA again so you can regain your bitcoin amount in your portfolio. No if’s and but’s.

Of course, it would be always suggestible that you should really be setting out a sell point but there are moments which could really affect us out in speaking about those unplanned sell specially if we are on a trouble or some problems in life on which i dont see anything wrong with that when making up such decision.We know that there are really that indeed instances on which we cant really be able to avoid.
If we do see that we dont really have other option then it wouldnt really be that a bad idea for you to spend up some portion of those coins for you to solve out some
temporary financial problem.It was really meant for that scenario or condition in the first place.

[Vaculin]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

90% of the time, this happens to me. I never want to sell the bitcoins, but the circumstances have become such that I will be bound to sell them at such a low price. I only sold the coins when I was in need of hard cash for some quick or urgent work. But I also make sure that, if I have some extra money left, I buy the bitcoins with it, irrespective of the current price of bitcoin. To be honest, it really feels bad when I have to sell the coins at such a low price, but at that time, I didn’t have other options either.

That is certainly the most scenario we have to face, force to sell our coins because we have no other choices left. Yes, it’s always a bad feeling while doing that but if you will also be reminded why are you doing that, you might also feel some relief. We save bitcoin so we can have something to use in the future, and for some instances, that future might be now as selling could only resolve the current problem situation.

[nimogsm]

a very unpleasant feeling when you spend what you didn’t plan but circumstances force us to do it.I had several such situations in my life when I had to spend almost all my savings in cryptocurrency and the market at that moment was not in the best condition.But in such situations out of two situations you have to choose, and that's okay.It's important not to get upset about this and not hold a grudge against yourself for a long time.

[Viscore]

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no left options but to sell because maybe the emergency funds are not enough, the feeling is really devastating. You could have sell them in a perfect price if you never sell them earlier than your plan. But that’s what life is. Sometimes we have to take some unplanned decisions even if it will badly affect us, but knowing it will be good for the person we love, then taking the decision should mean no regretting.

[jossiel]

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no let options but to sell

That's true.

We have no option but to sell because it is where most likely our savings is in and as long as it is in profit, we still feel the regret that we have to let go with our holdings because we don't know if we'll be able to take it back at the same amount.

Just think that you've used the profit in good purpose and that's already a great deal to you after holding it for a quick or long period of time. That's the best consolation that one will get by thinking that you've got the best deal ever with your money through investing in bitcoin and upon selling it in profit, you'll use it for that important thing you want to purchase.

[Tazzy4050]

Selling your bitcoins against your plans means you are giving up on your dreams, especially if you never thought about making money from such a volatile asset. Selling BTC does not give you the desired gain and it feels like losing your money all over again.

I'd love to know more about your plans, and how you're planning on meeting them. What will you buy with your earnings? How will this affect your way of life?

I see it as a business decision. I knew that bitcoin was going to be big, and I built a plan to profit from it when it happened. So I sold my BTC when they were $9,000 per coin and made me a millionaire in only a few days.

Selling my BTC against my plans (for now) to discipline myself on not spending in “the moment” is really helpful to me. I was able to sit down with my wife and explain that while we don’t count every penny, I needed to begin thinking about what I had spent so that as a family we could find a way to pay down debt. Once there were zero unspent expenses for the month, I knew that I was well on my way to being debt free.

[bakasabo]

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no left options but to sell because maybe the emergency funds are not enough, the feeling is really devastating. You could have sell them in a perfect price if you never sell them earlier than your plan. But that’s what life is. Sometimes we have to take some unplanned decisions even if it will badly affect us, but knowing it will be good for the person we love, then taking the decision should mean no regretting.

That is why cryptocurrency investment is not the prime goal of my fiat expenses. I would rather make a money pillow in fiat, then spend funds on investment, that I might need to sell quickly in case of urgent need. If I invest, that is something untouchable. It will be the last source of funds I would use. That is what long term investment in Bitcoin is for me. Specially during current unstable market and often price drops. I would rather take a loan and return slightly more, than, for example, today sell Bitcoin I've bought at the price of $40k. The loss would be greatly less.

[Questat]

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no let options but to sell

That's true.

We have no option but to sell because it is where most likely our savings is in and as long as it is in profit, we still feel the regret that we have to let go with our holdings because we don't know if we'll be able to take it back at the same amount.

Just think that you've used the profit in good purpose and that's already a great deal to you after holding it for a quick or long period of time. That's the best consolation that one will get by thinking that you've got the best deal ever with your money through investing in bitcoin and upon selling it in profit, you'll use it for that important thing you want to purchase.

Not all the time do our plans work so well, sometimes we got to reach tough days when we need to diversify our plans and take the plan B.
Might selling not at the perfect price is disappointing but I don't think it is a failure but kinda be a test of how we respond to the situation, especially when we are following the plan. This would tell us that not all can manage to hold and if they broke their plan, I believe there is a valid reason why it happens - emotional or emergency.

[LastKiss]

~snip~
 how was it like?

Well I have one experience or two maybe because there was an emergency case in my family and I need something fast so I decide to sell some of my Bitcoin to clear the problem in my family, one year later Bitcoin go boom and I end up to feel regret when selling my Bitcoin that time. Well later I decide to invest to use that money that I can afford to lose and far from an emergency use case.

[Inwestour]

That is certainly the most scenario we have to face, force to sell our coins because we have no other choices left. Yes, it’s always a bad feeling while doing that but if you will also be reminded why are you doing that, you might also feel some relief. We save bitcoin so we can have something to use in the future, and for some instances, that future might be now as selling could only resolve the current problem situation.

My strategy is that in addition to investments, you should have a reserve of fiat money available to you at any time. This is an airbag that is always available to you.

In most cases, this will keep your investments intact and you don't have to worry that this money is just lying and does not bring any profit, this is what will give you peace of mind and give you confidence in the future.

[bettercrypto]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I think that many communities here can relate to what you said, and I understand that feeling too, there is that feeling that is against you but it is really necessary, then suddenly the value of Bitcoin increases and you wake up why did you sell the bitcoin you released?

      It's like when you stabbed yourself and you felt so much pain and in the end, you regret why you did that, it's like that's hard to explain. So this time if it's a long-term hold, I should stand by it, it's that simple.

[Kasabus]

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

Well, as long as the concerns are already the health of our family, I guess there’s always a rush feeling to do everything whatever it takes as long as we end up saving them. Even spending the last portion of our bitcoin, just to see our loved ones safe. However, if we can both save significant amount in fiat and bitcoin, maybe we won’t be compromising the need to spend our bitcoin as long as fiat can fully cover all the expenses. But I think only few people do this, as they give more emphasis on investment funds and leave few amount in saving fiat, or the other way around.

[mv1986]

I would be surprised if someone would feel positive when something goes against regards his plans. Of course a person would feel bad if he is forced to sell his holdings before the price hits the amount he has set as a goal. Such urgent trades never goes good, as people not only sell at a lowest price, but also lose quite a hefty amount on commissions, because they dont have time to search for best offer on the market.

Gladly I was never in a situation like OP described. Mostly because of money pillow and money management. The money I invest in crypto I count as already spent money, so I never turn to them as an emergency funds. There is only one reason that can force me to turn to crypto funds and sell them - my or my family members health issues.

Good to hear if you are managing your investment well and everything happen based on your plans. However, for some here who have no left options but to sell because maybe the emergency funds are not enough, the feeling is really devastating. You could have sell them in a perfect price if you never sell them earlier than your plan. But that’s what life is. Sometimes we have to take some unplanned decisions even if it will badly affect us, but knowing it will be good for the person we love, then taking the decision should mean no regretting.

That is why cryptocurrency investment is not the prime goal of my fiat expenses. I would rather make a money pillow in fiat, then spend funds on investment, that I might need to sell quickly in case of urgent need. If I invest, that is something untouchable. It will be the last source of funds I would use. That is what long term investment in Bitcoin is for me. Specially during current unstable market and often price drops. I would rather take a loan and return slightly more, than, for example, today sell Bitcoin I've bought at the price of $40k. The loss would be greatly less.

Hey bakasabo, I agree with you that Bitcoin investments should be considered a long-term investment in order to prevent yourself from getting caught by the whims of the market. If you know that there are urgent expenses in the foreseeable future, it is right to rather keep some cash under your pillow than to invest it with any short-term expectations for profit. Besides the fact that it can go utterly wrong, it is also a very stressful approach to getting problems out of the way.

I have written this article that could be of interest to you as it deals with Bitcoin's price development, holding periods and the advantages and disadvantages thereof. Feel free to have a look!

[Wiwo]

I have come across such a situation severely and this is the worst moment and decision for any Bitcoin holder, but then we know why we keep bitcoin since Bitcoin become our alternative to fiat.

-worst case scenario is when you sell way below the price you bought it, but one of the best thing to do is to build an alternative sources of income that could support you through those bad times, so that your Bitcoin will not become the only source.

[jayce]

I had an urgent situation that forced me to sell a major part of my bitcoin, in the worst fall of it in early of 2018. It's for a family issue that my personal saving wasn't enough to cover it. I was literally waiting for few days just in case if bitcoin price bounces back after its fall, but it was still on the bottom so I had no choice unless selling it. I was so sad right after I sold it, but when I rethought it, that was an extremely urgent situation so I had to. At some point yeah I regret it a bit but we can't blame it because family is my top priority, which I believe they will do the same for me. The lesson is I have to prepare a specific saving for this kind of thing that must be in stable asset, so when I need it, I don't have to sell my bitcoin.

[Rockstarguy]

I have come across such a situation severely and this is the worst moment and decision for any Bitcoin holder, but then we know why we keep bitcoin since Bitcoin become our alternative to fiat.

-worst case scenario is when you sell way below the price you bought it, but one of the best thing to do is to build an alternative sources of income that could support you through those bad times, so that your Bitcoin will not become the only source.

This is the challenge every bitcoiner come across, if not for problems we would have much Bitcoin in our wallet, but the financial challenges that comes our way shouldn't be an excuse of not accumulating much btc to hodl.

 Financial challenges will always be, therefore it is important we look for away to increase source of income by getting a side job that can help and enable us to invest bitcoin well without limitation called financial challenge.

[big kid]

I have come across such a situation severely and this is the worst moment and decision for any Bitcoin holder, but then we know why we keep bitcoin since Bitcoin become our alternative to fiat.

-worst case scenario is when you sell way below the price you bought it, but one of the best thing to do is to build an alternative sources of income that could support you through those bad times, so that your Bitcoin will not become the only source.

This is the challenge every bitcoiner come across, if not for problems we would have much Bitcoin in our wallet, but the financial challenges that comes our way shouldn't be an excuse of not accumulating much btc to hodl.

 Financial challenges will always be, therefore it is important we look for away to increase source of income by getting a side job that can help and enable us to invest bitcoin well without limitation called financial challenge.

It's tough, but I think on the other hand it's good, that we have BTC to back us up in critical situations, this is one of the reasons for investing. It's just money after all, it's good to have it, but if your life depends on it, it's better to spend it and that's ok.

[leonair]

I didn't have that experience, but I'm sure it may happen at some point, I'm just doing my best not to do that. But I think it's not as bad and devastating as some might say, it's just money. No one will die if I do that.

It is definitely a bad feeling when someone sells their bitcoins or other cryptocurrencies against their plan. So no one is willing to sell crypto against his will very easily.  But some situations force us to do something against our will.

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

Most precious and important in our life than anything else. So if our lives are threatened then we are bound to sell our crypto.  Because we hold crypto only for profit.  But if we spend our lives in trouble then there will be no point in earning money. So we are forced in this case to sell our crypto against our plan. But even though it became very urgent then.  Still a little sad to sell it

[Dickiy]

I experienced that at the end of last year, a very urgent situation and I ran out of my savings, which I provided and I was very forced to sell my bitcoins, even though basically I didn't sell my bitcoins but I regretted it quite deeply because my purchase price was quite high than the selling price at that time, if only I had borrowed from the bank maybe I could pay it back when the bitcoin returned a few percent in January maybe the regret wasn't as heavy as it is until now, maybe for some people the value isn't much but for me it makes me always think when I'm daydreaming.

[Kelvinid]

I have come across such a situation severely and this is the worst moment and decision for any Bitcoin holder, but then we know why we keep bitcoin since Bitcoin become our alternative to fiat.

-worst case scenario is when you sell way below the price you bought it, but one of the best thing to do is to build an alternative sources of income that could support you through those bad times, so that your Bitcoin will not become the only source.

This is the challenge every bitcoiner come across, if not for problems we would have much Bitcoin in our wallet, but the financial challenges that comes our way shouldn't be an excuse of not accumulating much btc to hodl.

 Financial challenges will always be, therefore it is important we look for away to increase source of income by getting a side job that can help and enable us to invest bitcoin well without limitation called financial challenge.

Investing should be planned well in order to avoid financial problems and losses.
Well, we could assume that Bitcoin will exist and increase its value in the future but honestly, not all are able to hold long-term. The truth is that even though we are too optimistic about Bitcoin, worries are still on our minds thinking "what if the market will collapse". A kind of thinking that we can't deny it influence our decisions and most likely when the market storm comes we easily got panic and sell our coins.

[kamvreto]

I experienced that at the end of last year, a very urgent situation and I ran out of my savings, which I provided and I was very forced to sell my bitcoins, even though basically I didn't sell my bitcoins but I regretted it quite deeply because my purchase price was quite high than the selling price at that time, if only I had borrowed from the bank maybe I could pay it back when the bitcoin returned a few percent in January maybe the regret wasn't as heavy as it is until now, maybe for some people the value isn't much but for me it makes me always think when I'm daydreaming.

You have been wrong from the start of the investment, using the money you still need as an investment. It will only end in a loss when you are left with no money left and end up having to sell bitcoins at a fairly low price, below what you bought them for. And if you use the bank loan option as an investment it will only add to the problem, you don't even know whether the bitcoin will go back up soon or not, while bank payments must be on time along with the interest charged. Borrowing money from a bank for investment is very risky, so use money that you don't need for any purpose to make long-term investments.

[dezoel]

I had the same thing plenty of times in my life, and that made me feel pretty good actually and not bad. In one of the cases it was actually a good decision to sell, because price went lower afterwards so I sold at the peak and that was a good feeling, but twice I had to sell when it was lower and I had to live with it, I am still paying the same debt, but could have been much higher but I cashed out all my money twice when it was low.

This doesn't mean it's a bad thing, it means it's a good thing, because I had some savings aside for these type of urgent and emergency related stuff, all three were related to life or death hospital stuff, and I am happy that I was able to pay them all without a trouble thanks to bitcoin savings.

[Dickiy]

I experienced that at the end of last year, a very urgent situation and I ran out of my savings, which I provided and I was very forced to sell my bitcoins, even though basically I didn't sell my bitcoins but I regretted it quite deeply because my purchase price was quite high than the selling price at that time, if only I had borrowed from the bank maybe I could pay it back when the bitcoin returned a few percent in January maybe the regret wasn't as heavy as it is until now, maybe for some people the value isn't much but for me it makes me always think when I'm daydreaming.

You have been wrong from the start of the investment, using the money you still need as an investment. It will only end in a loss when you are left with no money left and end up having to sell bitcoins at a fairly low price, below what you bought them for. And if you use the bank loan option as an investment it will only add to the problem, you don't even know whether the bitcoin will go back up soon or not, while bank payments must be on time along with the interest charged. Borrowing money from a bank for investment is very risky, so use money that you don't need for any purpose to make long-term investments.

I planned that the money that would go into bitcoin was that I no longer needed for a long time because I had an emergency fund which I estimated was sufficient to meet all unexpected events but what I experienced at that time, the incident was outside of my planning and the emergency fund that was being prepared could not cover the urgent need, so I was forced to steal the existing funds in bitcoin and sell them to cover it. The thing that makes me regret is that bitcoin is back on the rise in January and the gap when I sell my bitcoins is not long, that's why I talk like that.

[skarais]

If I had a better solution then I would keep my bitcoins instead of selling them.
Even if I run into some financial constraints, I think it's still good to find a solution that won't make me regret the sale later. As I experienced recently, I had to get some urgent loans because the payment of salary for my real job was a little later than usual.

I don't consider selling bitcoin on dips, it should be avoided as much as possible for long term goals. When we plan long-term investments, we should have extra cash reserves that can be spent when urgent, while I choose the loan option for a few days instead of selling bitcoin or other investment assets. It was a better solution for my situation today, but you don't need the same.

[kelechi]

Feels like you lost big game

[jaberwock]

an emergency fund is very necessary and important to our life. But I still see many people proud to invest all their money in bitcoin without any emergency fund, they think it's cool to do so and brag all over the place. I think at some point they will regret their decision.

Emergency fund is very important for everyone but the worst thing is to have one back to back. When you have a very big life shattering moment and need to cash out your money and then something else happens right afterwards, before you save some more back again, that's the worst.

I had that once in my life very recently, I had to spend some and that really put me back but at least I still had my salary, now I do not even have my full health, and I also am in debt and I also spent my savings as well. Thank god I have a very big income so I am not in trouble at all, I am comfortably paying everything and there is no issue in my life, but what if it happened to someone in poverty?

[summonerrk]

Unfortunately, salaries in my country are not very high, and often it is not enough to ensure a stable standard of living from month to month. At such moments, you have to withdraw cryptocurrencies, and even bitcoin. Which I didn't plan to spend. The most annoying thing when this happens is when its price is at the bottom. In fact, this is a forced sale. Such an action goes against the basics of investing, but what can you do if you need food...

[KaliLinux]

trust me mate , you will regret that all your life as once I did this because of some personal matter that needs to be funded and that is totally against my will but have no choice back then.

if you can find way to fund your obligation to not sell your coins? better find it everything mate because this is what i did not those days.

But happy that now i am back on track and gathering my Bitcoin .

What would you prefer, resolving his emergency or feeling bad about his regret? We must have experienced or been in this position before however if what you needed to do is that important then for me no regrets at all since this was my last result. When you don't have another source of income this might happen to you hence investing in Bitcoin as has been mentioned should be with funds you wouldn't need for usage in the near future meaning you should have another source of else people might continue to experience this.

[bosede1]

I have sold my bitcoin but it was not on an emergency level, the first time I make a withdrawal was after two years of investment and I wanted to invest in something else, I sold some bitcoin with profit so I only have good experience with the sales.

[GazetaBitcoin]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic.

Although a while ago I proposed myself to not sell any BTC for a very long time (maybe until it will reach $1M), I was forced, by life, to do it. At the end of 2020 and beginning of 2021 my mom was close to lose her house. It was the house (actually a two rooms apartment) when she grew up and where I also grew up. She was facing a trial, unless she would get to an agreement to someone and, if the case would reach a court of law, she would either have to sell the apartment for paying a debt to that person or give the apartment to that person and receive some money instead. The story is too complex and I won't go into much detail, as it's pointless.

I had some BTC at that time and, seeing mom in that situation I decided to sell all I had and help her. And this is exactly what I did.

Indeed, it did not feel good to know that all I accumulated in years was gone but, after all, it was a delicate situation of my own mom and if I did not help her then nobody would. I never regretted the gesture, as, of course she also made many sacrifices for me, for raising me, for educating me. And, first of all, she gave me life.

So yes, there may arise situations where you have to let go your precious BTC. They are not desired situations, yet there may be nothing else to do. Always think that you were blessed to have that BTC to help you get out from a very delicate situation and think about what you could have done if you did not have the extra money from BTC... And, in the end, think that it's not end of the world. You still have an entire life to accumulate BTC!

[Distinctin]

a very unpleasant feeling when you spend what you didn’t plan but circumstances force us to do it.I had several such situations in my life when I had to spend almost all my savings in cryptocurrency and the market at that moment was not in the best condition.But in such situations out of two situations you have to choose, and that's okay.It's important not to get upset about this and not hold a grudge against yourself for a long time.

No one would really feel grateful and would be willing to spend his hard earned crypto savings in a situation shared by OP, but we have no control over life’s uncertainties so instead of sticking to our plan, I guess being more flexible will be better this time. After all, we all save bitcoin so we can use it in times of unpredictable circumstances, so now is the time. Though it’s not actually your perfect time to sell, but if selling it would mean the situation feel better, then I’ll just sell it anyway without regretting.

[passwordnow]

Unfortunately, salaries in my country are not very high, and often it is not enough to ensure a stable standard of living from month to month. At such moments, you have to withdraw cryptocurrencies, and even bitcoin. Which I didn't plan to spend. The most annoying thing when this happens is when its price is at the bottom. In fact, this is a forced sale. Such an action goes against the basics of investing, but what can you do if you need food...

That's a must when there are circumstances that we're facing. Even if we're hard-core bitcoin holders and believers, there will be points of our lives that we have no option but to sell. Hoping that people in the same situation as yours would have a better situation soon.
I've also sold forcibly with a little profit because also for some personal reasons that only selling bitcoin is the way. I did regret it at the beginning but here, there is nothing I can really do and after reading some good posts about it, that made me feel some relief when it's like that we really need to do it for that sake.

[Anonylz]

Yeah, your explanation does not really tells you are feeling bad because of the deep love you have for btc, it just shows your feelings were because of the price difference because you see btc as an asset that you can make much money from when the market is booming.  
I guess the feeling is mutual for 90% of btc holders, everyone always wishes the price is at its peak whenever they feel the need to sell their btc.  
You can rest easy now.  

[DaNNy001]

You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I for one definitely know this exact feeling, because i myself have face such situation before but still on still selling of your coins for an emergency is not a bad action at all. Its not advisable to hoard or keep your money when facing challenges as the problem is not going to go anywhere until they are solved. I never have a regretful feeling towards selling my coins for handling cases of emergency but I definitely won't sell my coins if the case is not something of dire urgency.

[Ojima-ojo]

I had the same thing plenty of times in my life, and that made me feel pretty good actually and not bad. In one of the cases it was actually a good decision to sell, because price went lower afterwards so I sold at the peak and that was a good feeling, but twice I had to sell when it was lower and I had to live with it, I am still paying the same debt, but could have been much higher but I cashed out all my money twice when it was low.

This doesn't mean it's a bad thing, it means it's a good thing, because I had some savings aside for these type of urgent and emergency related stuff, all three were related to life or death hospital stuff, and I am happy that I was able to pay them all without a trouble thanks to bitcoin savings.

Bitcoin DCA calculation should be properly understood,  and if that is done it will give bitcoin holders a better perspectives as to what to expect from their Bitcoin holding and when is the best time to convert them into stable currencies.

Some may feel bad selling the Bitcoin,  but the big question is, if not to sell to solve personal issues why then holding bitcoin,  because I have read a few statements about bitcoin being a life saviour that is your bitcoin becoming your only option in a tough and challenging time.

[serjent05]

If you have had such experience, how was it like?

It is somehow regretting to sell our BTC against our plans but the situation presents that we need to sell it because we don't have an extra fund for the need of the family.  It made me to strive to look for extra income so that my cryptocurrency portfolio won't be untouched if times comes that I need an urgent fund.  The regret is there but it is short-lived because behind my mind, I sell my BTC to save my family from starvation or an undesired situation and I think it is worth the sacrifice after all I can reaccumulate BTC or can start over again.

[samcoin]

You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

It's really a bad feeling to miss out on such an opportunity due to emergency needs. All of us see Bitcoin as a great investment opportunity that's going to pay off in the next one or two years. I had the same situation in 2018 when the previous bear market started. Unfortunately, my experience in the market was very low, so I wasn't able to do some risk management and found myself forced to sell some of my Bitcoin holdings, which would be worth much more now if I held them, but that was a good lesson that paid off later. Now, I have a USDT fund which I use to pay expenses, as well as have an emergence fund. Luckily, I sold some of my holdings in 2022 on the way down, and therefore I collected this USDT fund. Sometimes, all we need is to control our emotions and don't contradict the market. However, there's still enough time before any real bull starts, in my opinion. You were forced to sell, but may be able to buy later.

[jossiel]

That's true.

We have no option but to sell because it is where most likely our savings is in and as long as it is in profit, we still feel the regret that we have to let go with our holdings because we don't know if we'll be able to take it back at the same amount.

Just think that you've used the profit in good purpose and that's already a great deal to you after holding it for a quick or long period of time. That's the best consolation that one will get by thinking that you've got the best deal ever with your money through investing in bitcoin and upon selling it in profit, you'll use it for that important thing you want to purchase.

Not all the time do our plans work so well, sometimes we got to reach tough days when we need to diversify our plans and take the plan B.
Might selling not at the perfect price is disappointing but I don't think it is a failure but kinda be a test of how we respond to the situation, especially when we are following the plan. This would tell us that not all can manage to hold and if they broke their plan, I believe there is a valid reason why it happens - emotional or emergency.

It's not a failure if it's been put into the best use of the money you'll be taking from selling bitcoin. Whether it's on a loss or a profit, as long as you know where it is heading then it's a success.

The response of each of us varies from the sale that we've made and if your response is somewhat satisfying then you don't have to regret it because you know that you made the right choice.

We can always accumulate but it's harder the next time around because the price might be higher or the situation might be harder.

[suzanne5223]

I had the same thing plenty of times in my life, and that made me feel pretty good actually and not bad. In one of the cases it was actually a good decision to sell, because price went lower afterwards so I sold at the peak and that was a good feeling, but twice I had to sell when it was lower and I had to live with it, I am still paying the same debt, but could have been much higher but I cashed out all my money twice when it was low.

This doesn't mean it's a bad thing, it means it's a good thing, because I had some savings aside for these type of urgent and emergency related stuff, all three were related to life or death hospital stuff, and I am happy that I was able to pay them all without a trouble thanks to bitcoin savings.

I recently experienced almost the same emergency activities that lead to me selling some of the BTC I was planning for DCA weekly till achieve my goals of accumulation before the total bullish market.
It hurts and it somehow dispirited me but when I think about the importance of the reason why I sold the BTC against my plans I feel happy because it is still for the greater good.

[Ryker1]

If you have had such experience, how was it like?

It is somehow regretting to sell our BTC against our plans but the situation presents that we need to sell it because we don't have an extra fund for the need of the family.  It made me to strive to look for extra income so that my cryptocurrency portfolio won't be untouched if times comes that I need an urgent fund.  The regret is there but it is short-lived because behind my mind, I sell my BTC to save my family from starvation or an undesired situation and I think it is worth the sacrifice after all I can reaccumulate BTC or can start over again.

It is a hard decision to sell your bitcoin while having a price correction, I experienced this before.
But if it brings satisfaction to our financial problem we should not regret it --it is admirable that we were able to prioritize your family's needs and take the necessary steps to ensure their well-being. Keep in mind setbacks are just temporary, and with hard work and perseverance, we can bounce back and achieve our goals, we can able to reinvest and do DCA in purchasing bitcoin.

[Nheer]

That would be one of your greatest regrets no body want to run at loss in an investment or a business be it in the crypto world or other aspect of life. There are always circumstances like this where you would in a tight situation to make such decisions, you will have nowhere to seek help from than yo just take from your investment, when this happens its better to attend to the situation at hand and worry later about your investment, you may recover from such loss if you are lucky. Just attend to your most pressing need.
I was once in a tight situation like this but i was lucky to recover from it.

Some may feel bad selling the Bitcoin,  but the big question is, if not to sell to solve personal issues why then holding bitcoin,  because I have read a few statements about bitcoin being a life saviour that is your bitcoin becoming your only option in a tough and challenging time.

Everyone has a strategy. Some people will sell when they make a small profit, while others prefer to hold onto their investments for a longer time and earn a larger profit. So, when they sell below their target points, they  often feel bad about it. When necessary, bitcoin should be utilized to resolve personal  matters.

[stomachgrowls]

I had the same thing plenty of times in my life, and that made me feel pretty good actually and not bad. In one of the cases it was actually a good decision to sell, because price went lower afterwards so I sold at the peak and that was a good feeling, but twice I had to sell when it was lower and I had to live with it, I am still paying the same debt, but could have been much higher but I cashed out all my money twice when it was low.

This doesn't mean it's a bad thing, it means it's a good thing, because I had some savings aside for these type of urgent and emergency related stuff, all three were related to life or death hospital stuff, and I am happy that I was able to pay them all without a trouble thanks to bitcoin savings.

I recently experienced almost the same emergency activities that lead to me selling some of the BTC I was planning for DCA weekly till achieve my goals of accumulation before the total bullish market.
It hurts and it somehow dispirited me but when I think about the importance of the reason why I sold the BTC against my plans I feel happy because it is still for the greater good.

Feeling of regret or having those doubts is normal since we are really that aiming for accumulating for the upcoming bull run on which there are really situations or things in life which we cant really be able to avoid
on where we do really ending up on selling our coins because of some emergency but just like the rest that there's nothing we can do specially if we do have no other choice but sell some part of it.

You are right that we should really be not that angry on why we do able to spend out of those.We are saving up on something which emergencies is included and this is why
when you are in need then it is really just right or something needed to do when we do face up problems or challenges in life.

[S A KHAIR]

Feels like you lost big game

Why? What is the purpose of your bitcoin investment, and if you sell bitcoin to save someone, it is well worth it. One person's life cannot be bought, but bitcoin is too easy to buy, as long as you can earn a lot of money, you can buy bitcoin at any time. Have fun while we do it because bitcoin is useful to you.

[ringgo96]

if you still have other ways to solve your problem then my advice is never to sell bitcoin at an inopportune time, such as currently the price of bitcoin is still carried the ATH that we expect and that has happened in the past, if you sell bitcoin in times of emergency and this is indeed very hard for you then later you will definitely feel great regrets when bitcoin can again reach a new ATH, and this has been felt by many others who have never thought that bitcoin is very beneficial for the future, but this is all up to you maybe this is the only way so you have to do it.

[Gladitorcomeback]

You know very well that how is the situations of crypto market so before investment make a mind about everything is compulsory. You should remember that in future it can happens and you have to take action according to it.

Wise man never uses large amount for such purpose because market is unstable and due to this reason your money will not be in save state it will be in dangerous, there will be dual positions that are gaining as well as losing so think about both.

You are selling bitcoin because of your emergency so you will learn from this activity and I think its a big lesson for you. Mistakes are not always mistakes sometimes these mistakes become a cause of your success and you know that these mistakes are steps towards achievement.

[Ronsbit]

I have actually not had this experience but from what OP is saying i know it must have been a tough decision for OP to make as it was the only source at that very moment that could be of rescue to OP demand. OP should not worry because these are one of the occurrences in the course of life and investment. To the best of my knowledge as regards OP statement,  OP should not have felt bad because these are one of the major purpose bitcoin serves. Bitcoin is money and it served OP by rendering services to OP at point need. I believe Satoshi developed bitcoin as money and not investment so therefore, it is time people see bitcoin as money irrespective of the fact that it is tagged investment, bitcoin is digital money. OP you should not worry as what you experienced is not bad.

[tygeade]

I planned that the money that would go into bitcoin was that I no longer needed for a long time because I had an emergency fund which I estimated was sufficient to meet all unexpected events but what I experienced at that time, the incident was outside of my planning and the emergency fund that was being prepared could not cover the urgent need, so I was forced to steal the existing funds in bitcoin and sell them to cover it. The thing that makes me regret is that bitcoin is back on the rise in January and the gap when I sell my bitcoins is not long, that's why I talk like that.

I agree that when an emergency happens and you have to tap into your investments, that is always a bad moment and it always makes people sad. I went through the same thing and that is definitely not an easy thing to handle and makes a lot of people sad, I get it and I faced it and I think you are right.

However, we are not really that rich, not right now at least and this is the only way we can get rich. You can either have a huge income that can make you rich, or you have to invest and get lucky with a big increase to get rich, there isn't really that much other options. In this case we have to keep reinvesting after the emergency situation and wait to get lucky with a big increase eventually.

[Lida93]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand.

For me in as much as whatever the emergency was that made me to take such action is of immense benefit to me then the feeling is mutual. When the money you're waiting for comes you can still execute another bitcoin purchase possible this time could be the best price compared to how much then the price  you had to buy the previous one you just sold.
One thing I learn here is that we shouldn't put so much of our savings into bitcoin we should make sure to keep some fiat sum for cases of emergencies as this. So an emergency situation that demands money doesn't easily have to thwart your bitcoin investment plan.

[summonerrk]

Unfortunately, salaries in my country are not very high, and often it is not enough to ensure a stable standard of living from month to month. At such moments, you have to withdraw cryptocurrencies, and even bitcoin. Which I didn't plan to spend. The most annoying thing when this happens is when its price is at the bottom. In fact, this is a forced sale. Such an action goes against the basics of investing, but what can you do if you need food...

That's a must when there are circumstances that we're facing. Even if we're hard-core bitcoin holders and believers, there will be points of our lives that we have no option but to sell. Hoping that people in the same situation as yours would have a better situation soon.
I've also sold forcibly with a little profit because also for some personal reasons that only selling bitcoin is the way. I did regret it at the beginning but here, there is nothing I can really do and after reading some good posts about it, that made me feel some relief when it's like that we really need to do it for that sake.

I also felt relieved to read that others are spending savings in bitcoins, and this is normal! The main thing is to withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn. And it is very important to replenish the deposit if there is extra money later, preferably when the bitcoin price is the same or lower.

[alastantiger]

Selling your bitcoins unplanned leaves one feeling very terrible especially when you have to sell it off in a bear market. Also, when you hoped that there would be help from another source. Mine was when I needed to pay for rent. A family member had promised to send some money to me. But as at the time the rent was due, he had no money to send to me then and my landlord has issued a quit notice if I don't pay the rent as soon as possible. I had no other option than to sell my BTC. Honestly I shed tears because I have been holding the bitcoins for a long time, it felt like I was loosing my whole life.

[ektotanes]

That's the beauty of diversification, my friend.

You should have several types of savings and, in case of urgency, spend what you need less now. I would spend Bitcoin last because I believe in it the most.

I don't think you should be upset. Just take this situation as a lesson, draw conclusions and become a smarter person.

[Mate2237]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

That is what is happening to me. Base on the economic situation in the country, I have spent my bitcoin against my plans. There are some expenses that you can't let go which means you must do them the matter what. Op I am having the same experience with you. Those who understand bitcoin would not like to touch their bitcoin but since there is no any other alternative ways to spend so they have to touch their bitcoin to solve the issue at hand. My investment wallet is now almost empty. I have traded up to $800 but because there no other way to survive I have to touch it as the country economic problem arose. As it is the problem is persisting every day. And the government is not planning to stop or solve the problem. So I have to use the coin continuously.

[Fatunad]

That's the beauty of diversification, my friend.

You should have several types of savings and, in case of urgency, spend what you need less now. I would spend Bitcoin last because I believe in it the most.

I don't think you should be upset. Just take this situation as a lesson, draw conclusions and become a smarter person.

Yes, we should have reserves like on having some savings on emergency funds in form of fiat and the rest would be put up on these investments neither on stocks or crypto of wherever you had replaced it.
We know that there's no such thing about unlimited funds on which there are conditions or situations which do really make you that fiat savings would be completely deplete out.If you are really that
planning on holding up your bitcoin no matter what then you would definitely finding up ways where you might take a loan or borrow into someone on times of emergencies for you not to
just spend up the coin that you've been holding.

[Mr.right85]

If you are really that
planning on holding up your bitcoin no matter what then you would definitely finding up ways where you might take a loan or borrow into someone on times of emergencies for you not to
just spend up the coin that you've been holding.

This is an alternative that is surely not an option for me. I won't do this, never!
I mean, I like to hold my coins for sure but, not at the expense of not being able to have a stable life when I know I could or have to ask neighbours, friends and family for assistance when I've got some bitcoin starched somewhere. It doesn't make sense to me. Besides, not like your selling all your coins and wha sort of issue might that be to amount to you selling all your crypto portfolio. I haven't had any and can't imagine any coming my way.

Taking loans is you putting your integrity in the way and there is a question of paying up at the agreed time with whatever conditions it came with.  It simply means, whateverver your up to, its got to work and worst still, for expenses that have got no gain at the end...
I have come to terms with releasing some of my coins to the market for sell if I have to. Its a currency non the less.

[Bobrox]

I have bad experienced having to sell my cryptocurrency assets against with my planning holding several years later, urgent needed and don't have other passive income and this reason why against my planning for selling assets. For up coming later when investing assets in Cryptocurrency need another passive income well and something urgent needed we don't need to sell our investment assets.

Not wrong with having good planning for investing in cryptocurrency, we can't predicted about when urgent coming to us and need new planning without have to sell our cut loss our assets with potential break out to higher price one day later.

[Yamifoud]

One thing I learn here is that we shouldn't put so much of our savings into bitcoin we should make sure to keep some fiat sum for cases of emergencies as this. So an emergency situation that demands money doesn't easily have to thwart your bitcoin investment plan.

That is what we are supposed to do. There should have a separate money allocation for investment and for emergencies but it can't be enough, sometimes we need to sacrifice our investments. But that is only the reason, I don't think it was regretful as we are saving someone's life which is very important unless there is another option like borrowing money from other people. This is an unpredictable scenario but we can correct this and should be anticipated the next time.

[molsewid]

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

[mv1986]

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

If you wait long enough you could probably always regret it as Bitcoin is destined to go higher than before for quite a while I believe.

I would rather make the assessment based on whether or not a sale provided me with some good utility. If I had to solve a problem and I could do it by selling Bitcoin, then it is the right decision in that moment to actually sell some Bitcoin. It's always bad if you are forced to sell something that is likely to increase in price.

[Farma]

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

Actually I also lost that moment. for some reason, i also sold a lot of crypto assets I had that year. However, seeing crypto prices going up so high at that time made me quite frustrated. However, I think many people make the same mistake that we do. whether it's due to economic factors, needs, business, and others, many people sell their assets even before the halving occurs, or not long after the halving occurs. this can only be a lesson, that we really need to prepare emergency assets without involving the investment assets that we have.

[d3nz]

Regret, that's the only thing I felt since that day. I sold my first and maybe the last huge amount I hold of bitcoin for me last 2018 or 2019, I don't have choice that time rather than to sell it because I need fist. That time the price of Bitcoin is not so high compared to the last ATH of Bitcoin. If I will get a chance to have bitcoin again, I'll make sure to use it properly now and to budget it so that regret will no longer be an option to me.

Actually I also lost that moment. for some reason, i also sold a lot of crypto assets I had that year. However, seeing crypto prices going up so high at that time made me quite frustrated. However, I think many people make the same mistake that we do. whether it's due to economic factors, needs, business, and others, many people sell their assets even before the halving occurs, or not long after the halving occurs. this can only be a lesson, that we really need to prepare emergency assets without involving the investment assets that we have.

The best strategy could be is to only invest that you think will not affect your savings and wait for the right time to invest and rely on knowledge when trading. Since we just don't go with the flow when the market is in a bull run and buying it on the top which of course we'll lose if the market declines.

[Uruhara]

if you still have other ways to solve your problem then my advice is never to sell bitcoin at an inopportune time, such as currently the price of bitcoin is still carried the ATH that we expect and that has happened in the past, if you sell bitcoin in times of emergency and this is indeed very hard for you then later you will definitely feel great regrets when bitcoin can again reach a new ATH, and this has been felt by many others who have never thought that bitcoin is very beneficial for the future, but this is all up to you maybe this is the only way so you have to do it.

Well if there is still another way then holding on to bitcoins tightly is a wise move. but if there is no other choice then selling bitcoins will not be a big problem. because actually the current bearish market is still not over even though it is almost over. so basically we can still collect it again and store it until our target price is met. and I also believe that new ATH will be created again. but I doubt that will happen any time soon. so that at this time it is still suitable for accumulation. and if we have such an urgent need that we have no choice but to sell it. then it's not a problem as long as we can restart the accumulation after our financial problems have been resolved.

The current difficult economic situation can certainly force someone to sell their investment assets which were originally intended for long-term investments. but selling BTC can be the right thing instead of us having to take a loan which will cause bigger problems afterwards.

[Ultegra134]

There's no point in regretting selling your bitcoin; it was an emergency that you couldn't control, and you wouldn't have sold otherwise. Everyone in that position would do the same. I've been holding for over two years now, and I'm not planning to sell anytime soon, unless something unexpected happens; however, I sold and used a large quantity of bitcoin in the past, without a specific purpose or reason, but simply out of hype and fear of missing out. This is way worse than being put in a situation where you have no other choice. 

[Comingdown]

I think it is perfectly normal to feel some sort of regret with what you do, it is an emergency, and if it is the last thing that you can resort to for it to be done, the you made a perfectly valid decision. In comes to trading and holding, we should always prepare ourselves to be disappointed with our decisions since there are some events that we can control, as well as the volatility of crypto. At the end of the day, I believe you have learned something from that situation, so you will never be a loser since you can use that for your future decisions in terms of holding and planning your finances and holdings.

[passwordnow]

That's a must when there are circumstances that we're facing. Even if we're hard-core bitcoin holders and believers, there will be points of our lives that we have no option but to sell. Hoping that people in the same situation as yours would have a better situation soon.
I've also sold forcibly with a little profit because also for some personal reasons that only selling bitcoin is the way. I did regret it at the beginning but here, there is nothing I can really do and after reading some good posts about it, that made me feel some relief when it's like that we really need to do it for that sake.

I also felt relieved to read that others are spending savings in bitcoins, and this is normal! The main thing is to withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn. And it is very important to replenish the deposit if there is extra money later, preferably when the bitcoin price is the same or lower.

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

[summonerrk]

That's a must when there are circumstances that we're facing. Even if we're hard-core bitcoin holders and believers, there will be points of our lives that we have no option but to sell. Hoping that people in the same situation as yours would have a better situation soon.
I've also sold forcibly with a little profit because also for some personal reasons that only selling bitcoin is the way. I did regret it at the beginning but here, there is nothing I can really do and after reading some good posts about it, that made me feel some relief when it's like that we really need to do it for that sake.

I also felt relieved to read that others are spending savings in bitcoins, and this is normal! The main thing is to withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn. And it is very important to replenish the deposit if there is extra money later, preferably when the bitcoin price is the same or lower.

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

An excellent solution to unplanned spending would be to plan a certain purchase for yourself. And then you will patiently wait for the trading strategy to make a profit. Or when the token price rises to the desired one. In such cases, I always thought for myself: if I don't spend the deferred funds today, then later I will buy twice as much.

[wiss19]

I think all of us can relate with this. When we are about to sell we always wish for an extra pump in the price only to get a little increase with our money. The lesson that we can get here is to set aside something. It can be a savings, or set up another wallet and store stable coins there. This way, you can have something to use in case of emergency and you will not directly touch your Bitcoin investment.

I was thinking that you can also seek for a quick loan that time @OP. There are a lot of apps right now which offers it. We also have online and we can use our cryptos as a collateral if we don't want to liquidate them. You haven't think about that aren't you?

[serjent05]

I think it is perfectly normal to feel some sort of regret with what you do, it is an emergency, and if it is the last thing that you can resort to for it to be done, the you made a perfectly valid decision. In comes to trading and holding, we should always prepare ourselves to be disappointed with our decisions since there are some events that we can control, as well as the volatility of crypto. At the end of the day, I believe you have learned something from that situation, so you will never be a loser since you can use that for your future decisions in terms of holding and planning your finances and holdings.

True, and for us to avoid this kind of situation, we must not go all in when investing in Bitcoin.  We must do things in balance.  If we have money, we should budget them accordingly, savings, investments, bills, food budgets.  If we plan in investing in Bitcoin we must also set aside some of our money for savings and future emergency use.  This way we will avoid the situation of selling our BTC investment once we need an urgent fund because we are already prepared for it.

[famososMuertos]

of course this is very painful, especially when the price of bitcoin is declining...//...,,,

I think it is a recurring theme, and consequently a bad answer, whatever you say; never it is painful. It's an investment, it's a return which is either positive or negative, and you prepare for that.

In this case, it was not an investment, it was money that he needed to spend on his responsibilities and he was lucky that he had the money available for what he needed.

The thing is, you shouldn't be sorry and it shows that you are not doing things right, if you take "bitcoin" for an emergency, well done! (lucky!) because you had it and you should be thankful that you have that money available for "emergencies", imagine not having it, omg, so, this is if painful.

[Munir575]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I've experienced this firsthand, and it's the worst time to make a decision as a Bitcoin holder. However, now that Bitcoin has replaced fiat as our preferred currency, we understand why we keep bitcoin. The worst possible outcome is when you sell for significantly less than you paid for it, but one of the best things to do is to develop additional streams of income.

[Inwestour]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

[Xampeuu]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

indeed the journey of life is not as smooth as we have planned from the beginning. if we invest using cold money before and in the middle of the road because of a disaster so we have to sell bitcoin, even though it's still a bearish season, then that's the path we take and have to let it go. or if not we can look for a loan with the collateral we have, so we don't sell bitcoin as our future investment. provided that in debt we also calculate our source of income so that it is not burdensome

[ilovealtcoins]

I think it is perfectly normal to feel some sort of regret with what you do, it is an emergency, and if it is the last thing that you can resort to for it to be done, the you made a perfectly valid decision. In comes to trading and holding, we should always prepare ourselves to be disappointed with our decisions since there are some events that we can control, as well as the volatility of crypto. At the end of the day, I believe you have learned something from that situation, so you will never be a loser since you can use that for your future decisions in terms of holding and planning your finances and holdings.

Yes, there will definitely be some regrets, but don't be depressed or grieve over it, as long as bitcoin helps our lives, it will be too much of a grief.
Moreover, we can also accumulate bitcoin as soon as urgent work is done, although it will take longer to do, we still have a chance.

[Fullcoinese]

Yes, there will definitely be some regrets, but don't be depressed or grieve over it, as long as bitcoin helps our lives, it will be too much of a grief.
Moreover, we can also accumulate bitcoin as soon as urgent work is done, although it will take longer to do, we still have a chance.

it will force us to be in a different position and opportunity. selling Bitcoin that we have had in the past for needs, is not wrong. but if the future of Bitcoin is better then it will be a regret. realize it or not, they must regret it.
starting to collect more Bitcoins is not a bad thing. but we must be aware that the opportunities we might get are also different.
we have to make a better investment planning. and also with our ability that does not impose.

[CryptSafe]

There's no point in regretting selling your bitcoin; it was an emergency that you couldn't control, and you wouldn't have sold otherwise. Everyone in that position would do the same. I've been holding for over two years now, and I'm not planning to sell anytime soon, unless something unexpected happens; however, I sold and used a large quantity of bitcoin in the past, without a specific purpose or reason, but simply out of hype and fear of missing out. This is way worse than being put in a situation where you have no other choice. 

I never imagined that I could sell my bitcoin at that moment because I was not expecting anything that could take me unawares to that extent. Although it was an emergency that requires immediate response so I had to do the needful by selling my bitcoin but if it were not that as urgent as the situation was then I would have being patient enough to facilitate the process and procedures involved in getting cash from my other investment as it would have been enough to settle for the urgent need and another thing I had confidence but a little worried was because I had a pending credit expected to drop that day so that calmed me down a bit but however I was still worried because selling my bitcoin at that very moment was not my plan so I decided that once I am credited that day I would immediately replace the volume I sold of and fortunately enough, the price was far below what I sold so I bought more. It just seems it was a blessing in disguise. So at the entire end I had nothing to loose.

[passwordnow]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

Those that have bought bitcoin when it has gone down under $20k a bit are probably happy now. They just bought at the right time but still, but the long term investors still see the price to be lower but DCA is your friend.
Whether you sell on bull run or not, as long as you're selling for stuff you need or bills to pay, you're doing it correctly. We cannot make a rule for everybody to only sell during a bull run.

An excellent solution to unplanned spending would be to plan a certain purchase for yourself. And then you will patiently wait for the trading strategy to make a profit. Or when the token price rises to the desired one. In such cases, I always thought for myself: if I don't spend the deferred funds today, then later I will buy twice as much.

Yeah, that's a good strategy to plan your purchase so that you'll be prepared for that and if the situation is favorable, you don't have to sell your bitcoin holding by that time if you have managed to save.

[gabbie2010]

There's no point in regretting selling your bitcoin; it was an emergency that you couldn't control, and you wouldn't have sold otherwise. Everyone in that position would do the same. I've been holding for over two years now, and I'm not planning to sell anytime soon, unless something unexpected happens; however, I sold and used a large quantity of bitcoin in the past, without a specific purpose or reason, but simply out of hype and fear of missing out. This is way worse than being put in a situation where you have no other choice. 

In a matter of urgency or emergency there is no way one can stop selling of one's coin, I was once in that situation where there isn't any alternative to borrow and pay for a CS bill in the hospital I had to sell all my ETH coins to solve that problem, of course I think that is the normal thing to do, when there is life there is hope and there are plenty opportunities to start hunting for coins ahead infact that hodling coins is another alternative source of savings that cushion the effect of when the holder is passing through a difficult period that requires some financial obligations to address the problems.

[Synchronice]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

If you live in a country that has good social health insurance or if you work in a company that offers you private health insurance with good plan, then I think 99 times you won't have to worry about sudden expenses. But if you live in a country where you don't have those benefits and your job doesn't offer similar privileges, then you have to keep in mind that when you make investments. It's not a intra-halving period to be more confident, it's new, post-halving period where god knows what happens.
Btw some hospitals in some countries offer you monthly payments via banks or you can take a quick loan if you think your investments won't drastically go down and you'll be able to repay them.
When it comes to your health and safety, definitely it's better to keep yourself healthy and alive, you'll have a lot of time to earn more.

[Selford]

Well I still have my axies, it's the only consolation I have left, at some point it will go up close to the values I bought them, unless it grows like the first time, I'll dream about it. And well, the basis that I have for that to happen is the treasury that currently has $264,406,493 in treasury assets, let's hope that this will increase the assets in the future, when the governance process is created

[Rockson1]

Critical time hard to deal with where you have the available resources that is where you will deep your hand and solve that problems at hand it said of looking for where to borrow funds.

[summonerrk]

Yeah, that's a good strategy to plan your purchase so that you'll be prepared for that and if the situation is favorable, you don't have to sell your bitcoin holding by that time if you have managed to save.

I used this method in 2018, when I really wanted to withdraw all the money that I managed to earn during airdrops, giveaways, PoS, and also here on the forum. I planned a purchase that exceeded the price of my deposit (what I saw in the blockfolio). And when the price of tokens grew faster than ever, I believed that I would save up for my goal. And it helped me not to spend money, although I really wanted to buy a lot of things that would be essentially useless.

[Davidvictorson]

This is where emergency funds come in. It protects you from unforeseen and unexpected circumstances. Dipping your hands into your Bitcoin wallet at a bad time before you could take profits to attend to a pressing need and taking out a loan for the emergency is like standing between the devil and the deep blue sea. Anyway, for what it's worth, you fixed the need, and you can always recover or buy back whatever quantity of satoshis you took out.

Note: standing between the devil and the deep blue sea is not plagiarized. It is an idiomatic expression that has been used by several people in different ways. Thank you very much.

[freedomgo]

That's the beauty of diversification, my friend.

You should have several types of savings and, in case of urgency, spend what you need less now. I would spend Bitcoin last because I believe in it the most.

I don't think you should be upset. Just take this situation as a lesson, draw conclusions and become a smarter person.

Yes, we should have reserves like on having some savings on emergency funds in form of fiat and the rest would be put up on these investments neither on stocks or crypto of wherever you had replaced it.
We know that there's no such thing about unlimited funds on which there are conditions or situations which do really make you that fiat savings would be completely deplete out.If you are really that
planning on holding up your bitcoin no matter what then you would definitely finding up ways where you might take a loan or borrow into someone on times of emergencies for you not to
just spend up the coin that you've been holding.

Well, hodling your bitcoin without setting a goal when to sell it is no longer reasonable. It’s better that you could take some time to sell so you can also benefit your bitcoin, and not only it will remain an investment forever. However, the best time to sell your bitcoin is when you really need it the most, otherwise if you can think of some other ways to provide the funds, as long as it’s not taking a loan with a huge interest, then it will be fine. But if in case selling your bitcoin would mean taking out your loved one from a dangerous situation, then I think it’s definitely worth taking the risk, and certainly not to be regret later on.

[Natalim]

I think it is perfectly normal to feel some sort of regret with what you do, it is an emergency, and if it is the last thing that you can resort to for it to be done, the you made a perfectly valid decision. In comes to trading and holding, we should always prepare ourselves to be disappointed with our decisions since there are some events that we can control, as well as the volatility of crypto. At the end of the day, I believe you have learned something from that situation, so you will never be a loser since you can use that for your future decisions in terms of holding and planning your finances and holdings.

True, and for us to avoid this kind of situation, we must not go all in when investing in Bitcoin.  We must do things in balance.  If we have money, we should budget them accordingly, savings, investments, bills, food budgets.  If we plan in investing in Bitcoin we must also set aside some of our money for savings and future emergency use.  This way we will avoid the situation of selling our BTC investment once we need an urgent fund because we are already prepared for it.

Yes, exactly! But there's this kinds of people who treats their investments and savings as the same thing because it's their excess money who don't have anything to do. I'm not really sure how they figure that out but that's their perspective towards investment and savings, growing money and taking it out at the same time especially in-case of emergencies.

If only I can change their mind and tell them that savings and investments are two exact different things, investments shouldn't be interfered with anything  to let it grow until such time that you wanted it to reap. Then savings, is not certainly an investment and its reason is to allocate such bills that is unprecedented or in-case of emergencies.

[tjtonmoy]

What done is done! You can't reverse that, and you still have the opportunity to make it back. Why not DCA in order to make some profit while taking advantage of this market situation?
It was an emergency and Bitcoin has saved you. So it's a good thing. Just think that if you didn't have that in your wallet, what could have happened. Bitcoin saves the day. That's all that matters. You can earn them back, but can't get your life back twice. Don't hold any regret in life and as many have already suggested, have another savings for situations like this. Hopefully you won't have to go through this kinda situation.

[n0ne]

Based on the urgency we should not think of spending. I've encountered similar situations and most of them were medical bills. In such situation we can't take any other decision. We can try other choices available, and mostly things won't work in emergency situation. Somehow we need to handle the situation with what is available with us.

Emergency funds are must with everyone's savings. I saw in a thread where an user got an opportunity to pay his wife's medical bill for pregnancy with bitcoin. He hadn't discussed about the market, but he found the direct paying access a better thing. So, at need we need to feel happy with the fund than the market.

[Obari]

Based on the urgency we should not think of spending. I've encountered similar situations and most of them were medical bills. In such situation we can't take any other decision. We can try other choices available, and mostly things won't work in emergency situation. Somehow we need to handle the situation with what is available with us.

Emergency funds are must with everyone's savings. I saw in a thread where an user got an opportunity to pay his wife's medical bill for pregnancy with bitcoin. He hadn't discussed about the market, but he found the direct paying access a better thing. So, at need we need to feel happy with the fund than the market.

If you have had such experience, how was it like?

It can't be helped because necessity drives us to take anything that can have a sale value. It's not just Bitcoin that is a valuable item and when it's urgent to have money right away it will definitely be done. What you experienced, must have happened to anyone who has no other financial flow besides holding Bitcoin. I did the same because there really was no other way but to sell some of my Bitcoin holdings. But with the condition that if in the future I have more money then whatever Bitcoin has been taken will be patched back.

I love your point @naira but I'm glad someone already got the right concept of saving.
Most times people think Bitcoin is the only way to financial freedom and I just wonder why they think In such directions because I believe there was time Bitcoin never existed and we still had millionaires and billionaires and ever since the inception of Bitcoin, I've also seen people grow financially stable and I've also seen people get so broke through investing in Bitcoin.
Bitcoin is a digital currency and hoping to be globally accepted as a legal tender as there are already countries who accept it as a legal tender, with this been said, cryptocurrency is a very volatile digital asset that has the ability to rise in value or drop drastically In value as well making nothing guaranteed.
There is nothing actually wrong with selling Bitcoin and no one actually feels happy selling their possessions against odds and Bitcoin isn't exempted but I think the concept of saving is to have something to fall back to when there is an emergency without having to bother someone else.
Know this and you wouldn't have to feel bad when selling your assets.

[buruibu]

Selling any token at loss or before it moons or even against plans is a painful situation. But then when you have an important need and there is nothing else to do or where to get funds but you hold a token, its just best you sell off and solve your problem because you can't have hope somewhere and still be hopeless.

[bounceback]

-snip-
You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Luckily, so far I have never experienced anything like that with my investments, of course this will really hurt our feelings if we are forced to sell the assets we invest in, especially if we have to sell them immediately at a loss and after some time these assets suddenly experience a price increase after we sell it so it leaves us speechless and regretful it's actually a shame when we have to do that even though there is no other choice we can do this is why it's important not to put all the funds into crypto investing but invest whatever amount of cold money you want to avoid this like it happened.

[CryptSafe]

Based on the urgency we should not think of spending. I've encountered similar situations and most of them were medical bills. In such situation we can't take any other decision. We can try other choices available, and mostly things won't work in emergency situation. Somehow we need to handle the situation with what is available with us.

Emergency funds are must with everyone's savings. I saw in a thread where an user got an opportunity to pay his wife's medical bill for pregnancy with bitcoin. He hadn't discussed about the market, but he found the direct paying access a better thing. So, at need we need to feel happy with the fund than the market.

If you have had such experience, how was it like?

It can't be helped because necessity drives us to take anything that can have a sale value. It's not just Bitcoin that is a valuable item and when it's urgent to have money right away it will definitely be done. What you experienced, must have happened to anyone who has no other financial flow besides holding Bitcoin. I did the same because there really was no other way but to sell some of my Bitcoin holdings. But with the condition that if in the future I have more money then whatever Bitcoin has been taken will be patched back.

I love your point @naira but I'm glad someone already got the right concept of saving.
Most times people think Bitcoin is the only way to financial freedom and I just wonder why they think I'm such directions because I believe there was time Bitcoin never existed and we still millionaires and billionaires and ever since the inception of Bitcoin, I've also seen people grow financially stable and I've also seen people get so broke through investing in Bitcoin.
Bitcoin is a digital currency and hoping to be globally accepted as a legal tender as there are already countries who accept it as a legal tender, with this been said, cryptocurrency is a very volatile digital asset that has the ability to rise in value or drop drastically I'm value as well making nothing guaranteed.
There is nothing actually wrong with selling Bitcoin and no one actually feels happy selling their possessions against odds and Bitcoin isn't exempted bit I think the concept of saving is to have something to fall back to when there is an emergency without having to bother someone else.
Know this and you wouldn't have to feel bad when selling your assets.

Hey mate. You did Justice to your explanations. Bitcoin is money but people still do not understand it and that is the sole reason for Satoshi developing the bitcoin but the early adopters of bitcoin that sold out to whales under panic were the cause of these investment mentality hence they turned bitcoin into an investment rather than sticking to the original plan for which it was developed. Since then, they have built that mentality of bitcoin being an investment which has been passed down to the new bies onboard the system which against the initial plan for Which bitcoin was developed. Another is the selling of bitcoin to settle urgent need which is not bad as that was one of the reasons to bitcoin is recognized as a legal tender. I see no reason why one should be regretting if they sold their bitcoin to sort out an emergency which needed urgent attention. If you have bitcoin at your disposal to sort things out when other options are not available why  not do the needful? That is why you have the bitcoin.
It is time we start seeing bitcoin as a digital legal tender than just mere investment to make profit.

[kelechi]

I felt so terrible when sold my btc from Ownr wallet during drop to 19k, couldn't hear about crypto anymore

[ZAINmalik75]

Selling any token at loss or before it moons or even against plans is a painful situation. But then when you have an important need and there is nothing else to do or where to get funds but you hold a token, its just best you sell off and solve your problem because you can't have hope somewhere and still be hopeless.

I am also having same feeling as I have done this once which was surely one of the saddest moment for them because there was no way for having money, so I have to sell my bitcoin which was in my wallet for the long time and I have bought them at high price, but I sell them on low price which was also against my wishes and plans.

But It's life, and we have to go ahead which is surely usual thing, but now I am doing better strategy for this all which is currently but how things will be in near future I have to wait for this all because situation in my country is currently not good, and we are facing big troubles which are surely creating mess-up but if we are able to survive then surely I will try my best to keep these coins for long term but if things gone in wrong way then surely I have to do this second time in my life.

[buwaytress]

I did that not too long ago (end of 2020). Probably mentioned it a couple of times since.

This was almost a full year before the eventual ATH -- I couldn't have known it at the time, but Bitcoin approaching 2017 ATH was already a huge signal of intent and for me a sure marker for a rally.

But circumstances required the cash, and I really didn't have a choice. So I sold most of what I'd built up over the years, with a twinge of regret, but still pleased that overall, I'd come into cash I couldn't otherwise have had saving in fiat.

DCA continued since, so I'm probably even "underwater" at these prices, as we're barely at $25k but I'm confident I'd still have saved up enough to have more on my next liquidation, than if I chose to keep in fiat.

[Uruhara]

What done is done! You can't reverse that, and you still have the opportunity to make it back. Why not DCA in order to make some profit while taking advantage of this market situation?
It was an emergency and Bitcoin has saved you. So it's a good thing. Just think that if you didn't have that in your wallet, what could have happened. Bitcoin saves the day. That's all that matters. You can earn them back, but can't get your life back twice. Don't hold any regret in life and as many have already suggested, have another savings for situations like this. Hopefully you won't have to go through this kinda situation.

I agree with you. because somehow OP's bitcoin stash has turned into an emergency Fund which has been used in emergency situations. and that has been a good thing. however he can still buy Bitcoin back when there is more money. and doing DCA again might be an accumulation method for OP. but the next lesson for OP is to have to prepare another emergency fund besides bitcoin stash for any unforeseen situation that could happen again at a later date.

[CryptSafe]

What done is done! You can't reverse that, and you still have the opportunity to make it back. Why not DCA in order to make some profit while taking advantage of this market situation?
It was an emergency and Bitcoin has saved you. So it's a good thing. Just think that if you didn't have that in your wallet, what could have happened. Bitcoin saves the day. That's all that matters. You can earn them back, but can't get your life back twice. Don't hold any regret in life and as many have already suggested, have another savings for situations like this. Hopefully you won't have to go through this kinda situation.

I agree with you. because somehow OP's bitcoin stash has turned into an emergency Fund which has been used in emergency situations. and that has been a good thing. however he can still buy Bitcoin back when there is more money. and doing DCA again might be an accumulation method for OP. but the next lesson for OP is to have to prepare another emergency fund besides bitcoin stash for any unforeseen situation that could happen again at a later date.

If I may ask you a question, have you been in a situation where by consecutively you have been on a constant debiting in the sense that funds are being used for some purpose which is best known to you alone and all of a suden the unexpected happens where you would need to be up intime to respond to that urgency? Not that you do not have cash but the cash in question was used for other purpose up to the point of you using your emergency funds for back up. What I am trying to say is that you can never predict oe tell what would happen the next minute and that has made me double up my bitcoin savings because it taught me a whole lesson and I was happy I got to understand the reason bitcoin is really money in digital form. It was of good importance as I was able to use it that time when I had the emergency which requires expedite actions.

[AverageGlabella]

I did that not too long ago (end of 2020). Probably mentioned it a couple of times since.

This was almost a full year before the eventual ATH -- I couldn't have known it at the time, but Bitcoin approaching 2017 ATH was already a huge signal of intent and for me a sure marker for a rally.

But circumstances required the cash, and I really didn't have a choice. So I sold most of what I'd built up over the years, with a twinge of regret, but still pleased that overall, I'd come into cash I couldn't otherwise have had saving in fiat.

DCA continued since, so I'm probably even "underwater" at these prices, as we're barely at $25k but I'm confident I'd still have saved up enough to have more on my next liquidation, than if I chose to keep in fiat.

You still profit when you have been holding it for many years so I do not think you should regret it too much. No one knows how much Bitcoin will be and there is a risk to holding all your money in Bitcoin because it could fail. We have seen countries ban Bitcoin in the past and they still ban it from being used but other countries have decided to allow it but ban Bitcoin mining. I think we will see more laws in the future about Bitcoin and as long as it is not banned outright I am happy about it because it will allow more people to use Bitcoin instead of banks. Bitcoin will probably reach its price limit in the next decade and hopefully become stable for businesses to adopt it.

[GiftedMAN]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a sudden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I feel total absurd and very sad and it gets me annoyed and nevertheless I have to sell down my own money against my plans and that sucks a lot and that's why we can't do anything against the market. So main thing is that we have to be a little more cautious and in this way we will be able to save.

There are different condition or circumstances that can make us to sell our Bitcoin and because of that we should not see it a regret because it might affect us in a long way emotionally if we don't handle it with care. Bitcoin is an investment which is why many persons had been holding it and waiting for when it will add more value before the sell there holdings.

There are big opportunity in the cryptocurrency market so we need to be prepared and observe the market well so we can be a benefactor too. I have sold some of my Bitcoin before against my wish and I could remember how I felt.

[Quidat]

I did that not too long ago (end of 2020). Probably mentioned it a couple of times since.

This was almost a full year before the eventual ATH -- I couldn't have known it at the time, but Bitcoin approaching 2017 ATH was already a huge signal of intent and for me a sure marker for a rally.

But circumstances required the cash, and I really didn't have a choice. So I sold most of what I'd built up over the years, with a twinge of regret, but still pleased that overall, I'd come into cash I couldn't otherwise have had saving in fiat.

DCA continued since, so I'm probably even "underwater" at these prices, as we're barely at $25k but I'm confident I'd still have saved up enough to have more on my next liquidation, than if I chose to keep in fiat.

You still profit when you have been holding it for many years so I do not think you should regret it too much. No one knows how much Bitcoin will be and there is a risk to holding all your money in Bitcoin because it could fail. We have seen countries ban Bitcoin in the past and they still ban it from being used but other countries have decided to allow it but ban Bitcoin mining. I think we will see more laws in the future about Bitcoin and as long as it is not banned outright I am happy about it because it will allow more people to use Bitcoin instead of banks. Bitcoin will probably reach its price limit in the next decade and hopefully become stable for businesses to adopt it.

This is what you should bare up on your mind that despite of those spendings you could eventually still able to get those expenses back specially if the price had risen up on upcoming years to come.
Take note that you could still able to patch it up on what you had drawn out and thats the beauty of this investment which you could hold for long term.it is really just that there are people who
do really strictly stick into their targets and goals in life but we know that there are instances and situations which we cant really be able to avoid and ending up on
spending some part of our holdings.

[kelechi]

I guess I have a good portfolio now on Ownr wallet but I have some space to sell it

[Cookdata]

I don't feel anything aside from being helpless when no one could help except myself, of what use is holding bitcoin when life is at stake? I once had a fever and to be honest, sometimes sickness is the least thing we do put in the plan, I didn't expect it that time and then I went for a test and I had to tackle it before it becomes worse. I had to sell part of the bitcoin I hold in my wallet to get myself back because I have noticed that it is when you have an emergency you find it difficult to find a helping hand and I can't risk my life over investment I can catch up anytime. I doubt if I will be able to catch up with bitcoin when I die, so don't feel remorseful about taking care of an emergency with bitcoin you had when you have no one to help you out.

[lienfaye]

If you have had such experience, how was it like?

It really doesn't feel good to sell against your will because certainly you'll regret it when the time comes the market turn bullish already. However, it happened because of urgency and you just don't have a choice, the good side of it is Bitcoin saves you in times of emergency and that's a good thing. When there seem no hope and you don't have anyone to count on, Bitcoin is just there.

I also experienced the same thing and just like you it's not what I really want to do. But the situation left me with no choice so I had to sell even it's not a good time. What I keep in mind is, I overcome a situation with the help of my Bitcoin so it's not really bad. There's still a time to accumulate because the word too late is not applicable if you're a long term hodler.

[CryptSafe]

If you have had such experience, how was it like?

It really doesn't feel good to sell against your will because certainly you'll regret it when the time comes the market turn bullish already. However, it happened because of urgency and you just don't have a choice, the good side of it is Bitcoin saves you in times of emergency and that's a good thing. When there seem no hope and you don't have anyone to count on, Bitcoin is just there.

I also experienced the same thing and just like you it's not what I really want to do. But the situation left me with no choice so I had to sell even it's not a good time. What I keep in mind is, I overcome a situation with the help of my Bitcoin so it's not really bad. There's still a time to accumulate because the word too late is not applicable if you're a long term hodler.

I am a long time hodler of bitcoin but I have come to realize after the incidence of the emergency that needed my urgent attention that bitcoin can save in times of need. It is an alternative currency which speaks of it value and flexibility. After that incidence, I felt some chills right inside of me and I was wondering if I had not had any bitcoin savings at that moment how could I have done it not to talk of me not finding it funny seeking for a loan or Money lender for a backup. Although there are lots of other sources I could have gotten Money back from my other investments but the time and procedure
 involved in processing the funds would have taken me much time which is not the type of response I needed as at that time but my bitcoin did not waste me time to convert into cash within a short time interval  as I desired it to be In my account as fast as it can. What I am trying to say is that bitcoin as it is has no third party approval under your custody and it is very fast at your convenient and disposal to convert from any part of the world into any out put you want it.

[Rupok]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

[xSkylarx]

If you have had such experience, how was it like?

It really doesn't feel good to sell against your will because certainly you'll regret it when the time comes the market turn bullish already. However, it happened because of urgency and you just don't have a choice, the good side of it is Bitcoin saves you in times of emergency and that's a good thing. When there seem no hope and you don't have anyone to count on, Bitcoin is just there.

I also experienced the same thing and just like you it's not what I really want to do. But the situation left me with no choice so I had to sell even it's not a good time. What I keep in mind is, I overcome a situation with the help of my Bitcoin so it's not really bad. There's still a time to accumulate because the word too late is not applicable if you're a long term hodler.

I am a long time hodler of bitcoin but I have come to realize after the incidence of the emergency that needed my urgent attention that bitcoin can save in times of need. It is an alternative currency which speaks of it value and flexibility. After that incidence, I felt some chills right inside of me and I was wondering if I had not had any bitcoin savings at that moment how could I have done it not to talk of me not finding it funny seeking for a loan or Money lender for a backup. Although there are lots of other sources I could have gotten Money back from my other investments but the time and procedure
 involved in processing the funds would have taken me much time which is not the type of response I needed as at that time but my bitcoin did not waste me time to convert into cash within a short time interval  as I desired it to be In my account as fast as it can. What I am trying to say is that bitcoin as it is has no third party approval under your custody and it is very fast at your convenient and disposal to convert from any part of the world into any out put you want it.

It can really saved lives! Bitcoin is a double purpose for those investors because some will mostly used it as an investment to gain profit by holding it in longer period of time but also it act as an savings or emergency savings because in that span of time for sure you need it , you some sort of money which you have in your investment you need to sell it to act on those emergency though it doesn't goes as plan but still you've solve one of biggest problems in your life.

[Uruhara]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

[Mr.sprin]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I've been in a situation like that I've held bitcoin and my plan is that I will make it an asset in the long term and suddenly there is a very urgent situation and I let go of bitcoin to get through a very complicated situation, right now I see the price of bitcoin going up and I don't regret it what I did at that time.

[touseefahmad1999]

If your original plan was to hold onto your Bitcoin for the long-term and you are considering selling it now, it's important to carefully evaluate the reasons behind your decision and consider the potential consequences. Selling Bitcoin prematurely could result in missing out on potential gains if the price continues to rise in the future.

On the other hand, if there are significant changes in the market or your personal financial situation that necessitate selling your Bitcoin, it may be a wise decision to do so.

Ultimately, the decision to buy or sell Bitcoin should be based on careful consideration of your own goals, risk tolerance, and market conditions

[Queentoshi]

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

I think it will be more painful for a person who has consistently been investing in bitcoins over a period of time to suddenly have no option than to sell off without achieving or meeting up with the plans that they have set. The bitcoins you have were definitely not easy to gather and it required a lot of discipline and sacrifices, It will be painful to sell. Before I will sell my bitcoins I have to be sure that I have tried and exhausted all other means to get money first, my first option to get emergency funds will not be to sell off my bitcoins.

[Jody.Drummer]

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

I think it will be more painful for a person who has consistently been investing in bitcoins over a period of time to suddenly have no option than to sell off without achieving or meeting up with the plans that they have set. The bitcoins you have were definitely not easy to gather and it required a lot of discipline and sacrifices, It will be painful to sell. Before I will sell my bitcoins I have to be sure that I have tried and exhausted all other means to get money first, my first option to get emergency funds will not be to sell off my bitcoins.

Of course selling bitcoins when we really don't want to sell them is a very painful thing, moreover, if at the time we are forced to do so the market is down, it will be twice as painful. I always do this, namely saving and investing bitcoin, yes I do both so that if one day I have an emergency I still have savings so I at least don't touch the bitcoin that I had at that time. Indeed, it will be more complicated if we save and invest too, at first it was also quite difficult for me to share the right percentage, but over time I began to get used to it.
And one more thing I agree with you, I will look for other options before selling bitcoin, I will place it as the last option.

[maggiezil]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

I can understand the frustration and disappointment you felt when having to sell your Bitcoin during a market downturn, especially if you had planned on holding it for the long term. However, it's important to remember that emergencies can happen, and sometimes we have to make difficult decisions to take care of ourselves and our loved ones.

If you find yourself needing to sell Bitcoin again in the future, one way to help mitigate the impact of market downturns is by hedging your position with futures contracts. This allows you to lock in profits on your existing holdings while still maintaining exposure to the market. You could consider researching and learning more about how futures contracts work and how they could benefit your investment strategy.

Another way to help minimize the emotional impact of market downturns is by having a clear investment plan and sticking to it. This means deciding on how much Bitcoin to hold, when to sell or buy more, and what your overall financial goals are. By having a plan in place, you can make more rational decisions based on your long-term strategy, rather than reacting emotionally to short-term market movements.

Lastly, remember that investing in Bitcoin is a long-term game. While it can be disheartening to see the value of your holdings decrease during a market downturn, Bitcoin has historically shown resilience and recovery after such downturns. By taking a long-term perspective and staying committed to your investment strategy, you can help minimize the impact of market fluctuations and position yourself for success in the future.

[isaac_clarke22]

~

That is unless that person just committed his whole savings to crypto. For me, I would not feel bad at all since I really need it anyway. It's a "now or never" situation that I would be in, I can imagine. Back in the times when pandemic was like really affecting our daily lives really bad, I was just keeping on holding Bitcoin until there was a time that I really need to travel to the farther north of my city and it seems like my budget was quite tight due to how transportation during that time was like soaring high. It's kinda expected since there would be reduced amounts of passengers and that might require every drivers out there to up their price so that they can still make up with the price of the gasoline and maintenance even with reduced passenger capacity.

[ajiz138]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

At least by investing we must have a reserve fund to start with so it won't interfere with what has been invested so far in bitcoin so we have everything ready when the market is bearish or bullish.

Market sentiment has quite an effect on our mentality so we have to get used to not panicking too much when the market turns red, because this is only temporary, so strengthen your mentality for long-term investment with some good planning.

I always manage everything, including cash flow and expenses every month so that I can balance the funds needed and also the funds that must be entered in bitcoin, all must have good financial management.

[CryptSafe]

Lastly, remember that investing in Bitcoin is a long-term game.

It is not all about the investment here it is time of emergency. Initially Satoshi Nakamoto developed bitcoin to be a digital cash which means you can  spend bitcoin just like the real money but the adoption is yet to take place globally for which I believe would take effect when it is set time for it. We holding bitcoin sometimes does not necessarily means that it should be an investment, that was were I learnt something new.  Bitcoin really is cash in digital form so after everything I had done I had to seat an rethink the situation of that day, what if I had not kept that funds in bitcoin it would have been Avery difficult and tough decision foe but it was not so and I had it withdrawn immediately to serve a purpose and that was the plans of Satoshi Nakamoto that we spend bitcoin just like money at any given point in time. So the issue of bitcoin as an investment was as a result of the whales taking over from the paper hand's who sold earlier and conditioned everything to be that way since they the new generation into bitcoin See's it as an investment.

[Wakate]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

[CryptSafe]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

You are correct mate, there are many out there that in one way or the other are facing challenges but have nothing to turn to for rescue. I first felt some chills running down my spine at the first instance I read this comment of yours. This made me remember my early beginning where I used to have nothing which if it happens to be now I could not have had anything to do than to go borrowing or give it up but with the bitcoin I had  I was able to do something with immediate effect and I was happy it was very fast and me need in getting the funds were met immediately before the pending alert I was waiting for came in. I was as well thinking if I had no savings or investment of that nature what would I have done as I do not fancy loan and money lenders. After this thought came over me, I decided to be saving as little as I can I fractions added to the one I already have as bitcoin price is very low at the good buy order. I choose to do this with every spare cash in my possession so as not to lavish it in any way and I made a decision to stick to it till I get a reasonable number of bitcoin.

[fuguebtc]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

Honestly, it's an uncomfortable and quite painful feeling to recall, even though selling bitcoin solved a big problem. Regrets are inevitable, but if using bitcoin to save a person or for emergencies is more important than our investment, it's well worth it. I also sold all of my portfolios to deal with important work, every time I think about it, I still feel sorry, but compared to what I received in return, I am satisfied with it all. Life doesn't always go as smoothly as we would like and we need to face it.

[TribalBob]

If you have had such experience, how was it like?

very sick, but that's my goal of saving in btc I can use it anytime even though I have a loss when selling it but it's better for me to sell my assets, than for me to hold my assets and then I owe it to cover my emergency needs.
no no that's not my type to  debt

[Bitcoinislife09]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Maybe because you weren't prepared and investing everything in bitcoin. We all know that bitcoin is a risky investment and we shouldn't invest all of our money in it because the market is volatile and we could easily lose those funds. So invest only a small amount and then always have emergency funds or a liquid fund that you could cashout for cash. I understand your situation and it happened to me as well in the end, I regret it because I could have earned a bigger profit on the last bull run. The decision will still depend on you if you think that it is more important than bitcoin then you should just sell your bitcoin and pay what you need to pay. But if you can do ways or have an alternative to pay for it you should just do it.

[Smartprofit]

In the past, I have read so many stories about people selling tens (hundreds, thousands) of bitcoins to cover their running costs.  

Then some time passed, the price of Bitcoin increased tenfold, and these people felt a burning disappointment that they had spent so much of the first cryptocurrency.  Unfortunately, we live in a harsh real world.  Sometimes we urgently need fiat money.  So we sell our satoshi knowing full well that we could sell our bitcoins for much more in the future.  

If you are earning satoshi, then it is usually profitable for you to sell your bitcoins when bitcoin reaches its maximum price.  

And buying Bitcoin is better in a bear market, when the price of Bitcoin (expressed in US dollars) is at its lowest.

But it makes no sense to engage in reflection, in life not everything always happens the way we want.

[deathcode]

If you have had such experience, how was it like?

very sick, but that's my goal of saving in btc I can use it anytime even though I have a loss when selling it but it's better for me to sell my assets, than for me to hold my assets and then I owe it to cover my emergency needs.
no no that's not my type to  debt

It's true that it's better for our emergency problem to be resolved than for us to bear debt that will burden us later.
If indeed the only way to cover or solve the emergency problem we are experiencing is to sell our Bitcoin, then it's okay that this is a risk that must be taken because this is indeed a way of survival. Sometimes to survive we have to feel the bitterness to sell something that is valuable to us.
This is why we really have to be able to manage our money wisely and not be greedy to invest everything to avoid unwanted things. It is very important to be able to divide the money from our income to meet our daily needs, for saving, for investment and for emergency funds.

[lousie9]

A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

You are correct mate, there are many out there that in one way or the other are facing challenges but have nothing to turn to for rescue. I first felt some chills running down my spine at the first instance I read this comment of yours. This made me remember my early beginning where I used to have nothing which if it happens to be now I could not have had anything to do than to go borrowing or give it up but with the bitcoin I had  I was able to do something with immediate effect and I was happy it was very fast and me need in getting the funds were met immediately before the pending alert I was waiting for came in. I was as well thinking if I had no savings or investment of that nature what would I have done as I do not fancy loan and money lenders. After this thought came over me, I decided to be saving as little as I can I fractions added to the one I already have as bitcoin price is very low at the good buy order. I choose to do this with every spare cash in my possession so as not to lavish it in any way and I made a decision to stick to it till I get a reasonable number of bitcoin.

what Wakate said is absolutely true, there are still many people who have nothing to just survive today. We must be grateful because we are still among those who have investment assets that can be sold and relied on so that we can survive in difficult circumstances.
if we sell our Bitcoin not for our original investment purpose it is very painful because there must be a struggle that we do when collecting it.
but at least you should also be grateful because Bitcoin has saved you during that difficult time and never regret the decision that has been taken to survive.

I hope that in the future you will not only focus on investing in Bictoin, from existing events you should also rethink setting aside your money for emergencies so you don't sell your Bitcoin assets again.
this incident is an important reminder for all of us to be better and wiser in managing our income and expenses.

[Broadanbig]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

[Uruhara]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

Honestly, it's an uncomfortable and quite painful feeling to recall, even though selling bitcoin solved a big problem. Regrets are inevitable, but if using bitcoin to save a person or for emergencies is more important than our investment, it's well worth it. I also sold all of my portfolios to deal with important work, every time I think about it, I still feel sorry, but compared to what I received in return, I am satisfied with it all. Life doesn't always go as smoothly as we would like and we need to face it.

Correct. sometimes even though we already have careful planning, we even have prepared a reserve fund to deal with unexpected situations. it turns out that it doesn't necessarily keep us safe, we can avoid selling the bitcoins that we have, initially for long-term investments. sometimes helping someone who is in need of help must be prioritized. i have experienced this. and even though it is very unfortunate but we still feel satisfied because we have been able to help someone. which keeps us able to maintain a sense of humanity that still cares for each other. yeah it hurts a bit. but that's life that can indeed come out of a plan that has been made carefully.

but in the past I helped someone who was in trouble and I even forgot when that happened. but one day I was given a big enough gift that I didn't expect. even though I didn't expect that. even the prize exceeds the money I gave at that time. I had refused the gift. but he persisted and in the end I accepted. the point is if we do good to someone then the kindness will come back to us someday even though we don't expect it.

[CryptSafe]

but in the past I helped someone who was in trouble and I even forgot when that happened. but one day I was given a big enough gift that I didn't expect. even though I didn't expect that. even the prize exceeds the money I gave at that time. I had refused the gift. but he persisted and in the end I accepted. the point is if we do good to someone then the kindness will come back to us someday even though we don't expect it.

This you have said OP made me to remember the sayings that says" do to others what you want others to do unto you"   doing good sometimes pay in one way or another. I have had this experience back then my secondary school days when I helped some one who was sick. I bought food and water for the junior student then and I passed out from the school. Later on I met the guy along the road he saw me while driving by and he horned at me I had forgotten that incidence years past and also I could not recognized his face. He stopped and greeted me and asked if I could remember him to be honest I could not because it was an incidence that occurred long ago. He reminded me about it and thanked me for my kind gesture we exchanged contact to my greatest he invited me a certain time I turned it down, the second I was out of town and the third I decided to honor it I had no idea what the meeting was all about to my greatest surprise unknown to me that I was going for a round table business discussion which he wanted me to handle and that's was the second contract I had done so far after my school and it was a good one to talk about.

[Sanitough]

The actual level of urgency can be measured, for example if it's about something that threatens health or even life (either yourself or someone else's), then the market situation is no longer a major consideration for spending bitcoins.
When the benefits of money that you save for the future or unexpected things are properly realized, I think you won't really regret it.

True. You will never think anymore about losing or gaining in the future once there are emergency cases suddenly happen. You will only think on that moment on how to survive, and if it’s selling your coins would be the only option, then never hesitate to sell. Though the feelings to sell when it is against your plans is somewhat disappointing or devastating, but what is most important here is you can help to save someone out of danger, and when that happens, you will never regret as long as you do the right thing.

[Mr.suevie]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

I think the whole essence of having or saving money is for the fact that we are actually going to use them someday but how the money is used is really important as some folks actually temper with their saving for matter of less important, for me I don't feel any regret and won't mind dipping into my investment if the needs be especially when its very vital and a matter of emergency. And one thing is that known is that nobody actually save money to for unprecedented accidents as no one plans for emergency to meet them but the fact still remains that we can't escape them and when its comes let it be that we do everything we can to tackle it even if selling your save coins to solve the issue.

[Fatunad]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

I think the whole essence of having or saving money is for the fact that we are actually going to use them someday but how the money is used is really important as some folks actually temper with their saving for matter of less important, for me I don't feel any regret and won't mind dipping into my investment if the needs be especially when its very vital and a matter of emergency. And one thing is that known is that nobody actually save money to for unprecedented accidents as no one plans for emergency to meet them but the fact still remains that we can't escape them and when its comes let it be that we do everything we can to tackle it even if selling your save coins to solve the issue.

This!

We should think back on the main reason on why we had been saving up? which is that there's something we could use on the time that we are in need or emergency and thats why its not really that something that you should really be stressing up yourself just because you had spend up the coins you've been saving up specially Bitcoin but to think back that it was the main sole purpose on why we have done this.
Its not really just that right that you do have those regrets on selling it early because it was really meant for that condition on why you are saving up on the first place.

[Lorence.xD]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

I think the whole essence of having or saving money is for the fact that we are actually going to use them someday but how the money is used is really important as some folks actually temper with their saving for matter of less important, for me I don't feel any regret and won't mind dipping into my investment if the needs be especially when its very vital and a matter of emergency. And one thing is that known is that nobody actually save money to for unprecedented accidents as no one plans for emergency to meet them but the fact still remains that we can't escape them and when its comes let it be that we do everything we can to tackle it even if selling your save coins to solve the issue.

This!

We should think back on the main reason on why we had been saving up? which is that there's something we could use on the time that we are in need or emergency and thats why its not really that something that you should really be stressing up yourself just because you had spend up the coins you've been saving up specially Bitcoin but to think back that it was the main sole purpose on why we have done this.

Not only for emergency why we save money, but also were saving for the things that we want in life like our dream houses or car. From my experience, I invest and save my money in bitcoin from my extra money for a long time of course I know the volatile situation of bitcoin but having a reserved token is my way of savings. Of course my purpose is to save a lot for wanting to have my dream car. But along the way my friend needed some funds for his bills and his son's birthday is coming up so he asked for help for money. Me as a good friend I'd sell my bitcoin since I don't have any cash on hand and transferred some money to his account. You know a lot would feel like they've lost something they own but for me, it really feels good to help I was there in his son birthday and I really enjoyed it he said "thank you man I couldn't do this without your help" I don't ask for return but he really said if I need his help he's one call away. Our relationship as a friend strengthen we were friends like 6 years since high school.

Its not really just that right that you do have those regrets on selling it early because it was really meant for that condition on why you are saving up on the first place.

Exactly, you meant to spend your money because you'll not save until the day you die. You can't bring your assets in the after life so enjoy a little spend some money. Doesn't mean to spend all of it, secure some for the future and the extra money why not treat yourself.

[CryptSafe]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

I think the whole essence of having or saving money is for the fact that we are actually going to use them someday but how the money is used is really important as some folks actually temper with their saving for matter of less important, for me I don't feel any regret and won't mind dipping into my investment if the needs be especially when its very vital and a matter of emergency. And one thing is that known is that nobody actually save money to for unprecedented accidents as no one plans for emergency to meet them but the fact still remains that we can't escape them and when its comes let it be that we do everything we can to tackle it even if selling your save coins to solve the issue.

This!

We should think back on the main reason on why we had been saving up? which is that there's something we could use on the time that we are in need or emergency and thats why its not really that something that you should really be stressing up yourself just because you had spend up the coins you've been saving up specially Bitcoin but to think back that it was the main sole purpose on why we have done this.

Not only for emergency why we save money, but also were saving for the things that we want in life like our dream houses or car. From my experience, I invest and save my money in bitcoin from my extra money for a long time of course I know the volatile situation of bitcoin but having a reserved token is my way of savings. Of course my purpose is to save a lot for wanting to have my dream car. But along the way my friend needed some funds for his bills and his son's birthday is coming up so he asked for help for money. Me as a good friend I'd sell my bitcoin since I don't have any cash on hand and transferred some money to his account. You know a lot would feel like they've lost something they own but for me, it really feels good to help I was there in his son birthday and I really enjoyed it he said "thank you man I couldn't do this without your help" I don't ask for return but he really said if I need his help he's one call away. Our relationship as a friend strengthen we were friends like 6 years since high school.

Its not really just that right that you do have those regrets on selling it early because it was really meant for that condition on why you are saving up on the first place.

Exactly, you meant to spend your money because you'll not save until the day you die. You can't bring your assets in the after life so enjoy a little spend some money. Doesn't mean to spend all of it, secure some for the future and the extra money why not treat yourself.

I agree with you on the basis on which you stand. Your view on this is someworth it mate. Most people do not just save for saving sake, they do that so they can be able to meet up with their future plans such as buying of dream cars, house etc. When it comes to emergency, I think it is not a thing of wether the available funds are for savings or not be the emergency a life threatening or otherwise such funds should be at disposal to sort things out that moment. People tend to get this mixed up and I wonder why they save if they think savings are not for emergency when ever the need arises. To the best of my knowledge, I think it is basically for emergencies hence the savings.
There is nothing wrong in having multiple savings option but atleast one of them should be able to cater for such emergency when the needs arises just like  occurrence.