How do you feel selling your BTC against your plans?

[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.