How do you feel selling your BTC against your plans?

[Uruhara]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

[Mr.sprin]

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 been in a situation like that I've held bitcoin and my plan is that I will make it an asset in the long term and suddenly there is a very urgent situation and I let go of bitcoin to get through a very complicated situation, right now I see the price of bitcoin going up and I don't regret it what I did at that time.

[touseefahmad1999]

If your original plan was to hold onto your Bitcoin for the long-term and you are considering selling it now, it's important to carefully evaluate the reasons behind your decision and consider the potential consequences. Selling Bitcoin prematurely could result in missing out on potential gains if the price continues to rise in the future.

On the other hand, if there are significant changes in the market or your personal financial situation that necessitate selling your Bitcoin, it may be a wise decision to do so.

Ultimately, the decision to buy or sell Bitcoin should be based on careful consideration of your own goals, risk tolerance, and market conditions

[Queentoshi]

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

I think it will be more painful for a person who has consistently been investing in bitcoins over a period of time to suddenly have no option than to sell off without achieving or meeting up with the plans that they have set. The bitcoins you have were definitely not easy to gather and it required a lot of discipline and sacrifices, It will be painful to sell. Before I will sell my bitcoins I have to be sure that I have tried and exhausted all other means to get money first, my first option to get emergency funds will not be to sell off my bitcoins.

[Jody.Drummer]

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

I think it will be more painful for a person who has consistently been investing in bitcoins over a period of time to suddenly have no option than to sell off without achieving or meeting up with the plans that they have set. The bitcoins you have were definitely not easy to gather and it required a lot of discipline and sacrifices, It will be painful to sell. Before I will sell my bitcoins I have to be sure that I have tried and exhausted all other means to get money first, my first option to get emergency funds will not be to sell off my bitcoins.

Of course selling bitcoins when we really don't want to sell them is a very painful thing, moreover, if at the time we are forced to do so the market is down, it will be twice as painful. I always do this, namely saving and investing bitcoin, yes I do both so that if one day I have an emergency I still have savings so I at least don't touch the bitcoin that I had at that time. Indeed, it will be more complicated if we save and invest too, at first it was also quite difficult for me to share the right percentage, but over time I began to get used to it.
And one more thing I agree with you, I will look for other options before selling bitcoin, I will place it as the last option.

[maggiezil]

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 can understand the frustration and disappointment you felt when having to sell your Bitcoin during a market downturn, especially if you had planned on holding it for the long term. However, it's important to remember that emergencies can happen, and sometimes we have to make difficult decisions to take care of ourselves and our loved ones.

If you find yourself needing to sell Bitcoin again in the future, one way to help mitigate the impact of market downturns is by hedging your position with futures contracts. This allows you to lock in profits on your existing holdings while still maintaining exposure to the market. You could consider researching and learning more about how futures contracts work and how they could benefit your investment strategy.

Another way to help minimize the emotional impact of market downturns is by having a clear investment plan and sticking to it. This means deciding on how much Bitcoin to hold, when to sell or buy more, and what your overall financial goals are. By having a plan in place, you can make more rational decisions based on your long-term strategy, rather than reacting emotionally to short-term market movements.

Lastly, remember that investing in Bitcoin is a long-term game. While it can be disheartening to see the value of your holdings decrease during a market downturn, Bitcoin has historically shown resilience and recovery after such downturns. By taking a long-term perspective and staying committed to your investment strategy, you can help minimize the impact of market fluctuations and position yourself for success in the future.

[isaac_clarke22]

~

That is unless that person just committed his whole savings to crypto. For me, I would not feel bad at all since I really need it anyway. It's a "now or never" situation that I would be in, I can imagine. Back in the times when pandemic was like really affecting our daily lives really bad, I was just keeping on holding Bitcoin until there was a time that I really need to travel to the farther north of my city and it seems like my budget was quite tight due to how transportation during that time was like soaring high. It's kinda expected since there would be reduced amounts of passengers and that might require every drivers out there to up their price so that they can still make up with the price of the gasoline and maintenance even with reduced passenger capacity.

[ajiz138]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

At least by investing we must have a reserve fund to start with so it won't interfere with what has been invested so far in bitcoin so we have everything ready when the market is bearish or bullish.

Market sentiment has quite an effect on our mentality so we have to get used to not panicking too much when the market turns red, because this is only temporary, so strengthen your mentality for long-term investment with some good planning.

I always manage everything, including cash flow and expenses every month so that I can balance the funds needed and also the funds that must be entered in bitcoin, all must have good financial management.

[CryptSafe]

Lastly, remember that investing in Bitcoin is a long-term game.

It is not all about the investment here it is time of emergency. Initially Satoshi Nakamoto developed bitcoin to be a digital cash which means you can  spend bitcoin just like the real money but the adoption is yet to take place globally for which I believe would take effect when it is set time for it. We holding bitcoin sometimes does not necessarily means that it should be an investment, that was were I learnt something new.  Bitcoin really is cash in digital form so after everything I had done I had to seat an rethink the situation of that day, what if I had not kept that funds in bitcoin it would have been Avery difficult and tough decision foe but it was not so and I had it withdrawn immediately to serve a purpose and that was the plans of Satoshi Nakamoto that we spend bitcoin just like money at any given point in time. So the issue of bitcoin as an investment was as a result of the whales taking over from the paper hand's who sold earlier and conditioned everything to be that way since they the new generation into bitcoin See's it as an investment.

[Wakate]

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?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

[CryptSafe]

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?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

You are correct mate, there are many out there that in one way or the other are facing challenges but have nothing to turn to for rescue. I first felt some chills running down my spine at the first instance I read this comment of yours. This made me remember my early beginning where I used to have nothing which if it happens to be now I could not have had anything to do than to go borrowing or give it up but with the bitcoin I had  I was able to do something with immediate effect and I was happy it was very fast and me need in getting the funds were met immediately before the pending alert I was waiting for came in. I was as well thinking if I had no savings or investment of that nature what would I have done as I do not fancy loan and money lenders. After this thought came over me, I decided to be saving as little as I can I fractions added to the one I already have as bitcoin price is very low at the good buy order. I choose to do this with every spare cash in my possession so as not to lavish it in any way and I made a decision to stick to it till I get a reasonable number of bitcoin.

[fuguebtc]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

Honestly, it's an uncomfortable and quite painful feeling to recall, even though selling bitcoin solved a big problem. Regrets are inevitable, but if using bitcoin to save a person or for emergencies is more important than our investment, it's well worth it. I also sold all of my portfolios to deal with important work, every time I think about it, I still feel sorry, but compared to what I received in return, I am satisfied with it all. Life doesn't always go as smoothly as we would like and we need to face it.

[TribalBob]

If you have had such experience, how was it like?

very sick, but that's my goal of saving in btc I can use it anytime even though I have a loss when selling it but it's better for me to sell my assets, than for me to hold my assets and then I owe it to cover my emergency needs.
no no that's not my type to  debt

[Bitcoinislife09]

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?

Maybe because you weren't prepared and investing everything in bitcoin. We all know that bitcoin is a risky investment and we shouldn't invest all of our money in it because the market is volatile and we could easily lose those funds. So invest only a small amount and then always have emergency funds or a liquid fund that you could cashout for cash. I understand your situation and it happened to me as well in the end, I regret it because I could have earned a bigger profit on the last bull run. The decision will still depend on you if you think that it is more important than bitcoin then you should just sell your bitcoin and pay what you need to pay. But if you can do ways or have an alternative to pay for it you should just do it.

[Smartprofit]

In the past, I have read so many stories about people selling tens (hundreds, thousands) of bitcoins to cover their running costs.  

Then some time passed, the price of Bitcoin increased tenfold, and these people felt a burning disappointment that they had spent so much of the first cryptocurrency.  Unfortunately, we live in a harsh real world.  Sometimes we urgently need fiat money.  So we sell our satoshi knowing full well that we could sell our bitcoins for much more in the future.  

If you are earning satoshi, then it is usually profitable for you to sell your bitcoins when bitcoin reaches its maximum price.  

And buying Bitcoin is better in a bear market, when the price of Bitcoin (expressed in US dollars) is at its lowest.

But it makes no sense to engage in reflection, in life not everything always happens the way we want.

[deathcode]

If you have had such experience, how was it like?

very sick, but that's my goal of saving in btc I can use it anytime even though I have a loss when selling it but it's better for me to sell my assets, than for me to hold my assets and then I owe it to cover my emergency needs.
no no that's not my type to  debt

It's true that it's better for our emergency problem to be resolved than for us to bear debt that will burden us later.
If indeed the only way to cover or solve the emergency problem we are experiencing is to sell our Bitcoin, then it's okay that this is a risk that must be taken because this is indeed a way of survival. Sometimes to survive we have to feel the bitterness to sell something that is valuable to us.
This is why we really have to be able to manage our money wisely and not be greedy to invest everything to avoid unwanted things. It is very important to be able to divide the money from our income to meet our daily needs, for saving, for investment and for emergency funds.

[lousie9]

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?

Selling our property against our wish can be very painful and I know how it felt. If you sell your Bitcoin because you have some issues so settle then it is better than not having anything to look to for your problem to be solved. There are some persons that do not even have money or investment they can rely on to settle there issues. Problems come everyday and we must be prepared to make some savings down so when we have problem, we can easily to there and get some funds to resolve the issue. Op is very lucky to have something he can rely on which is not as bad as he thinks.

You are correct mate, there are many out there that in one way or the other are facing challenges but have nothing to turn to for rescue. I first felt some chills running down my spine at the first instance I read this comment of yours. This made me remember my early beginning where I used to have nothing which if it happens to be now I could not have had anything to do than to go borrowing or give it up but with the bitcoin I had  I was able to do something with immediate effect and I was happy it was very fast and me need in getting the funds were met immediately before the pending alert I was waiting for came in. I was as well thinking if I had no savings or investment of that nature what would I have done as I do not fancy loan and money lenders. After this thought came over me, I decided to be saving as little as I can I fractions added to the one I already have as bitcoin price is very low at the good buy order. I choose to do this with every spare cash in my possession so as not to lavish it in any way and I made a decision to stick to it till I get a reasonable number of bitcoin.

what Wakate said is absolutely true, there are still many people who have nothing to just survive today. We must be grateful because we are still among those who have investment assets that can be sold and relied on so that we can survive in difficult circumstances.
if we sell our Bitcoin not for our original investment purpose it is very painful because there must be a struggle that we do when collecting it.
but at least you should also be grateful because Bitcoin has saved you during that difficult time and never regret the decision that has been taken to survive.

I hope that in the future you will not only focus on investing in Bictoin, from existing events you should also rethink setting aside your money for emergencies so you don't sell your Bitcoin assets again.
this incident is an important reminder for all of us to be better and wiser in managing our income and expenses.

[Broadanbig]

It is quite understable that many things happen and most of the happenings takes us unawares. I am of the opinion that no matter what happens, one must have a spare or emergency funds for rescue.

Just like OP had said, it took OP off balance because from what I understood, not that OP does not have funds but it looks like OP has spent some funds in cash as I may understand may not too long to that event i guess and from what OP had said in previous comment that there are other investment available to get funds from but the time interval it would take will involve process and procedures which does not go well so OP had to resolve by selling the available bitcoin in asset to sort things out and I was made to understand that OP had a pending credit alert which could replace the sold bitcoin.

This should not be a thing of regret as bitcoin is money and can serve any purpose as long as you have it available for use. That was the sole purpose for which Satoshi developed the bitcoin. OP, you should know that so you did a well and have nothing to regret about but it would be good you have replaced it as you have said.

[Uruhara]

Everyone has faced this situation with Bitcoin. I bought it in a bull market and had to sell it in a dump market.I feel it all the time So now I don't sell all amount in bitcoins, I keep a small number of bitcoins.Because to me all fund investment seems risky so also try to find other sources where there is no risk.Sometimes seeing a red market forces you to sell. But when we see a green market it encourages us.So we should not think of spending all our funds based on urgency, because then the chances of loss are high.

If we invest for the long term, we must mentally prepare ourselves so that we are not affected by market sentiment, which sometimes makes us FOMO.

but sometimes there are situations where we cannot maintain our long term investment. such as needing urgent funds is an example. and that of course feels very annoying.

Honestly, it's an uncomfortable and quite painful feeling to recall, even though selling bitcoin solved a big problem. Regrets are inevitable, but if using bitcoin to save a person or for emergencies is more important than our investment, it's well worth it. I also sold all of my portfolios to deal with important work, every time I think about it, I still feel sorry, but compared to what I received in return, I am satisfied with it all. Life doesn't always go as smoothly as we would like and we need to face it.

Correct. sometimes even though we already have careful planning, we even have prepared a reserve fund to deal with unexpected situations. it turns out that it doesn't necessarily keep us safe, we can avoid selling the bitcoins that we have, initially for long-term investments. sometimes helping someone who is in need of help must be prioritized. i have experienced this. and even though it is very unfortunate but we still feel satisfied because we have been able to help someone. which keeps us able to maintain a sense of humanity that still cares for each other. yeah it hurts a bit. but that's life that can indeed come out of a plan that has been made carefully.

but in the past I helped someone who was in trouble and I even forgot when that happened. but one day I was given a big enough gift that I didn't expect. even though I didn't expect that. even the prize exceeds the money I gave at that time. I had refused the gift. but he persisted and in the end I accepted. the point is if we do good to someone then the kindness will come back to us someday even though we don't expect it.

[CryptSafe]

but in the past I helped someone who was in trouble and I even forgot when that happened. but one day I was given a big enough gift that I didn't expect. even though I didn't expect that. even the prize exceeds the money I gave at that time. I had refused the gift. but he persisted and in the end I accepted. the point is if we do good to someone then the kindness will come back to us someday even though we don't expect it.

This you have said OP made me to remember the sayings that says" do to others what you want others to do unto you"   doing good sometimes pay in one way or another. I have had this experience back then my secondary school days when I helped some one who was sick. I bought food and water for the junior student then and I passed out from the school. Later on I met the guy along the road he saw me while driving by and he horned at me I had forgotten that incidence years past and also I could not recognized his face. He stopped and greeted me and asked if I could remember him to be honest I could not because it was an incidence that occurred long ago. He reminded me about it and thanked me for my kind gesture we exchanged contact to my greatest he invited me a certain time I turned it down, the second I was out of town and the third I decided to honor it I had no idea what the meeting was all about to my greatest surprise unknown to me that I was going for a round table business discussion which he wanted me to handle and that's was the second contract I had done so far after my school and it was a good one to talk about.