How do you feel selling your BTC against your plans?

[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.