How do you feel selling your BTC against your plans?

[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.