How do you feel selling your BTC against your plans?

[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.