How do you feel selling your BTC against your plans?

[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.