How do you feel selling your BTC against your plans?

[passwordnow]

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withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn.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.

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

[summonerrk]

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withdraw exactly as much as necessary, because according to our human psychology, you will want to spend all the money withdrawn.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.

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

An excellent solution to unplanned spending would be to plan a certain purchase for yourself. And then you will patiently wait for the trading strategy to make a profit. Or when the token price rises to the desired one. In such cases, I always thought for myself: if I don't spend the deferred funds today, then later I will buy twice as much.

[wiss19]

I think all of us can relate with this. When we are about to sell we always wish for an extra pump in the price only to get a little increase with our money. The lesson that we can get here is to set aside something. It can be a savings, or set up another wallet and store stable coins there. This way, you can have something to use in case of emergency and you will not directly touch your Bitcoin investment.

I was thinking that you can also seek for a quick loan that time @OP. There are a lot of apps right now which offers it. We also have online and we can use our cryptos as a collateral if we don't want to liquidate them. You haven't think about that aren't you?

[serjent05]

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.

True, and for us to avoid this kind of situation, we must not go all in when investing in Bitcoin.  We must do things in balance.  If we have money, we should budget them accordingly, savings, investments, bills, food budgets.  If we plan in investing in Bitcoin we must also set aside some of our money for savings and future emergency use.  This way we will avoid the situation of selling our BTC investment once we need an urgent fund because we are already prepared for it.

[famososMuertos]

of course this is very painful, especially when the price of bitcoin is declining...//...,,,

I think it is a recurring theme, and consequently a bad answer, whatever you say; never it is painful. It's an investment, it's a return which is either positive or negative, and you prepare for that.

In this case, it was not an investment, it was money that he needed to spend on his responsibilities and he was lucky that he had the money available for what he needed.

The thing is, you shouldn't be sorry and it shows that you are not doing things right, if you take "bitcoin" for an emergency, well done! (lucky!) because you had it and you should be thankful that you have that money available for "emergencies", imagine not having it, omg, so, this is if painful.

[Munir575]

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've experienced this firsthand, and it's the worst time to make a decision as a Bitcoin holder. However, now that Bitcoin has replaced fiat as our preferred currency, we understand why we keep bitcoin. The worst possible outcome is when you sell for significantly less than you paid for it, but one of the best things to do is to develop additional streams of income.

[Inwestour]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

[Xampeuu]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

indeed the journey of life is not as smooth as we have planned from the beginning. if we invest using cold money before and in the middle of the road because of a disaster so we have to sell bitcoin, even though it's still a bearish season, then that's the path we take and have to let it go. or if not we can look for a loan with the collateral we have, so we don't sell bitcoin as our future investment. provided that in debt we also calculate our source of income so that it is not burdensome

[ilovealtcoins]

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.

Yes, there will definitely be some regrets, but don't be depressed or grieve over it, as long as bitcoin helps our lives, it will be too much of a grief.
Moreover, we can also accumulate bitcoin as soon as urgent work is done, although it will take longer to do, we still have a chance.

[Fullcoinese]

Yes, there will definitely be some regrets, but don't be depressed or grieve over it, as long as bitcoin helps our lives, it will be too much of a grief.
Moreover, we can also accumulate bitcoin as soon as urgent work is done, although it will take longer to do, we still have a chance.

it will force us to be in a different position and opportunity. selling Bitcoin that we have had in the past for needs, is not wrong. but if the future of Bitcoin is better then it will be a regret. realize it or not, they must regret it.
starting to collect more Bitcoins is not a bad thing. but we must be aware that the opportunities we might get are also different.
we have to make a better investment planning. and also with our ability that does not impose.

[CryptSafe]

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. 

I never imagined that I could sell my bitcoin at that moment because I was not expecting anything that could take me unawares to that extent. Although it was an emergency that requires immediate response so I had to do the needful by selling my bitcoin but if it were not that as urgent as the situation was then I would have being patient enough to facilitate the process and procedures involved in getting cash from my other investment as it would have been enough to settle for the urgent need and another thing I had confidence but a little worried was because I had a pending credit expected to drop that day so that calmed me down a bit but however I was still worried because selling my bitcoin at that very moment was not my plan so I decided that once I am credited that day I would immediately replace the volume I sold of and fortunately enough, the price was far below what I sold so I bought more. It just seems it was a blessing in disguise. So at the entire end I had nothing to loose.

[passwordnow]

Exactly, when we know that we've got that much, we want to spend everything on anything and that's so true. We intend to spend it because we know that there's some fund that's just there ready to be spent anytime even if it is bitcoin. But if you're an investor and you've been getting the experiences from the market, you'll not forget that, and instead of spending you just want to keep on saving for the upcoming bull run for which may happen anytime but most likely after the halving.

Now there is no point in selling when it is the perfect time to replenish your portfolio with bitcoin. For selling, you need to wait for the bullrun to come, perhaps the level of the last ATH will be suitable for this, but now is definitely not the best time for this.

Now we are near the bottom, bitcoin has not gone lower, and this gives us hope that the price will now go further up. But in any case, I am not in a hurry and continue to buy bitcoin for a long-term investment.

Those that have bought bitcoin when it has gone down under $20k a bit are probably happy now. They just bought at the right time but still, but the long term investors still see the price to be lower but DCA is your friend.
Whether you sell on bull run or not, as long as you're selling for stuff you need or bills to pay, you're doing it correctly. We cannot make a rule for everybody to only sell during a bull run.

An excellent solution to unplanned spending would be to plan a certain purchase for yourself. And then you will patiently wait for the trading strategy to make a profit. Or when the token price rises to the desired one. In such cases, I always thought for myself: if I don't spend the deferred funds today, then later I will buy twice as much.

Yeah, that's a good strategy to plan your purchase so that you'll be prepared for that and if the situation is favorable, you don't have to sell your bitcoin holding by that time if you have managed to save.

[gabbie2010]

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. 

In a matter of urgency or emergency there is no way one can stop selling of one's coin, I was once in that situation where there isn't any alternative to borrow and pay for a CS bill in the hospital I had to sell all my ETH coins to solve that problem, of course I think that is the normal thing to do, when there is life there is hope and there are plenty opportunities to start hunting for coins ahead infact that hodling coins is another alternative source of savings that cushion the effect of when the holder is passing through a difficult period that requires some financial obligations to address the problems.

[Synchronice]

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?

If you live in a country that has good social health insurance or if you work in a company that offers you private health insurance with good plan, then I think 99 times you won't have to worry about sudden expenses. But if you live in a country where you don't have those benefits and your job doesn't offer similar privileges, then you have to keep in mind that when you make investments. It's not a intra-halving period to be more confident, it's new, post-halving period where god knows what happens.
Btw some hospitals in some countries offer you monthly payments via banks or you can take a quick loan if you think your investments won't drastically go down and you'll be able to repay them.
When it comes to your health and safety, definitely it's better to keep yourself healthy and alive, you'll have a lot of time to earn more.

[Selford]

Well I still have my axies, it's the only consolation I have left, at some point it will go up close to the values I bought them, unless it grows like the first time, I'll dream about it. And well, the basis that I have for that to happen is the treasury that currently has $264,406,493 in treasury assets, let's hope that this will increase the assets in the future, when the governance process is created

[Rockson1]

Critical time hard to deal with where you have the available resources that is where you will deep your hand and solve that problems at hand it said of looking for where to borrow funds.

[summonerrk]

Yeah, that's a good strategy to plan your purchase so that you'll be prepared for that and if the situation is favorable, you don't have to sell your bitcoin holding by that time if you have managed to save.

I used this method in 2018, when I really wanted to withdraw all the money that I managed to earn during airdrops, giveaways, PoS, and also here on the forum. I planned a purchase that exceeded the price of my deposit (what I saw in the blockfolio). And when the price of tokens grew faster than ever, I believed that I would save up for my goal. And it helped me not to spend money, although I really wanted to buy a lot of things that would be essentially useless.

[Davidvictorson]

This is where emergency funds come in. It protects you from unforeseen and unexpected circumstances. Dipping your hands into your Bitcoin wallet at a bad time before you could take profits to attend to a pressing need and taking out a loan for the emergency is like standing between the devil and the deep blue sea. Anyway, for what it's worth, you fixed the need, and you can always recover or buy back whatever quantity of satoshis you took out.

Note: standing between the devil and the deep blue sea is not plagiarized. It is an idiomatic expression that has been used by several people in different ways. Thank you very much.

[freedomgo]

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.

Well, hodling your bitcoin without setting a goal when to sell it is no longer reasonable. It’s better that you could take some time to sell so you can also benefit your bitcoin, and not only it will remain an investment forever. However, the best time to sell your bitcoin is when you really need it the most, otherwise if you can think of some other ways to provide the funds, as long as it’s not taking a loan with a huge interest, then it will be fine. But if in case selling your bitcoin would mean taking out your loved one from a dangerous situation, then I think it’s definitely worth taking the risk, and certainly not to be regret later on.

[Natalim]

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.

True, and for us to avoid this kind of situation, we must not go all in when investing in Bitcoin.  We must do things in balance.  If we have money, we should budget them accordingly, savings, investments, bills, food budgets.  If we plan in investing in Bitcoin we must also set aside some of our money for savings and future emergency use.  This way we will avoid the situation of selling our BTC investment once we need an urgent fund because we are already prepared for it.

Yes, exactly! But there's this kinds of people who treats their investments and savings as the same thing because it's their excess money who don't have anything to do. I'm not really sure how they figure that out but that's their perspective towards investment and savings, growing money and taking it out at the same time especially in-case of emergencies.

If only I can change their mind and tell them that savings and investments are two exact different things, investments shouldn't be interfered with anything  to let it grow until such time that you wanted it to reap. Then savings, is not certainly an investment and its reason is to allocate such bills that is unprecedented or in-case of emergencies.