Will you sell because of situations?

[Pandu Geddon]

What then will make you to sell even if the price is against you?

as long as the money from selling Bitcoin is used for urgent needs, I will do it. when I really need money and there are no more assets to sell.
some people who collect Bitcoin without use, make it an investment asset. when in urgent need we can use it if there is no other way.

but by the way, why don't you suggest asking for help from the security forces in your friend's area? I mean it is a criminal act, the police can handle that.

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[Pokapoka124]

There isn’t enough money in the world that’s worth a life. OP put yourself in your friend’s shoes, what will you do in such situation? Would you let your sister die in the hands of criminals or try to save her life. No matter how attached you may be to your bitcoin hodlings, I believe you will choose the latter because you can always make more money in the future but you can never buy a life. Your friend has two choices, I suggest he takes the decision he can live with.

[qwertyup23]

This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of  N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister?  Everybody is confuse.

If it involves the safety of any of my family, I would do anything for a heartbeat. I would not think twice if it was a set-up as my first priority is to know that their presence is safe and secured. Thinking other things rather than their safety is the least of my concern and I would do every step just to see them alive.

Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

There is a reason on why my funds are on standby for emergency situations. In the event that I needed money to pay for any emergency medical bills that my fiat could not pay, I would definitely use my BTCs as alternative for cash in a heartbeat. What is the use of such BTCs if I could not use them for actual emergencies?

[JamesBorn]

OP, Let me ask you a question.
If you are holding 1 bitcoin or less in your wallet, which you never planned to sell out any time soon, your family is doing well, and there has never been any need for you to need extra cash. 

If you wake up one morning and your child is in a critical condition that requires immediate medical attention, you rush her to the hospital, the doctor confirms that she's going to need to undergo some surgery in the next couple of minutes, and you don't have such an amount of money demanded right on your bank account or in cash, but you have some Bitcoin stock somewhere, what will you do? Do you really need to think about what to do? The more time you are spending thinking about whether or not to sell the Bitcoin and save your daughter's life, the more you are endangering the life of that innocent girl. (just an illustration). 

Situations like that don't even require a second thought; sell off and solve the problem. That's the most important part of saving: for our savings to save us in the future in times of need. If you keep on calculating whether or not you are to stake your savings over saving the girl's life, you might end up regretting your actions for the rest of your life. 
Your question is just so unreasonable. The answer is yes, sell and save the kidnap victim. You can save up with time. 

Well, you're right your child can not be in the hospital and you hold your investment still. Why I throw this question out here is because people have being begging this man to sells anything he has and pay the ransom for the sister but he keep delaying. I met him myself, explain to him that life is more precious than any savings why not do all you can to save your sister life, if it means selling your coins but putting strong feelings for bitcoin, that the money he has is on bitcoin and he never plan of selling it since the price is against is original purchased price. And to him even if he sells bitcoin the ransom money will not complete. This why I was thinking I can get more response that can help the situation.  Thanks

[Luffygroove]

I'm wondering, why isn't he considering reporting this to the police? Without a lack of empathy, I'm sorry, but it seems like a soap opera comes straight from the television. If it's necessary and he can't ask for others help, then why does it need thinking twice? He needs to save his child for life, which cannot be compared with money. Does he feel okay if something bad happens to his child after deciding to keep his bitcoin? Money can be searched, but lives can't.

[JamesBorn]

Do you advise he sells and bail his kid sister?  Everybody is confuse.

Sorry to say but this should be one of the dumbest questions I have seen in this forum.

Like,  what where you expecting forum members to reply you? Take a minute to think about it, the man sister's life is on the line here and you want him to start contemplating of he should sell or continue holding. There are times where you don't even need to think able something twice before doing it, as long as the safe return of his sister is guaranteed then there is no reason for him not to sell and if you weren't lying what's stopping the kidnappers from demanding crypto directly?

This is ridiculous, I feel you just made up this story the same way you have been making others.

OP, you don't expect me to come up with life and dead issue as friction. Kidnapper can not demand for crypto since they didn't mention they're after your coins, also crypto transactions is traceable to your identity, you don't expect people who hiding their identity to ask for bitcoin that contains details information of the receiver. What will benefit to lie with life, pls don't always see my post as a lie, only seeking for advice. This case has reported to the police over a week now, one thing we must understand each country's policing and security tells how fast they easily handles such situations. Sometimes after a while police will get tire and even advice to negotiations for the ransom, like this case police are aware of the ransom but the man could there not mention he has bitcoin since is ban by law. That's the most challenge he has, if he sold and bring out the money will ask where he got the money! That's why were fishing out for counseling.

[Rikafip]

I don't know about you guys, but this smells like a bullshit story to me, with the only purpose to fish a merit or two.

Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister?  Everybody is confuse.

Let's say for the sake of argument that you what you wrote is true. What kind of question is that, you think that there is a dillema whether to sell bitcoin and save your sister life? I am sure glad that I am not your brother lol.

[Cantsay]

Do you advise he sells and bail his kid sister?  Everybody is confuse.

~~~

Kidnapper can not demand for crypto since they didn't mention they're after your coins, also crypto transactions is traceable to your identity, you don't expect people who hiding their identity to ask for bitcoin that contains details information of the receiver.

By details information, I guess you mean public address because I really can't think of any other information you're referring to.

Do you even understand how bitcoin work? Do you know anything about decentralization? Is seems to me that you lack the knowledge of decentralization... If the kidnappers have some knowledge about Bitcoin then they should be able to complete their operation without doxing themselves.

[Rruchi man]

Do you advise he sells and bail his kid sister?  Everybody is confuse.

Everybody confused really? For a decision that should be straightforward, you did not do a good job Fabricating this story OP.

 No matter the value of bitcoin even when it sets a ATH tomorrow, it cannot still be compared to the value of a life. If selling your bitcoins is the only option to raise money to save the kid, sell it! You already know what bitcoin is and although it may take you some time to gather back the amount of bitcoin you will loose to this, it is not impossible.

[michellee]

If he really needs the money, he can sell his bitcoins even if the amount is still lacking. Maybe we'll sell our bitcoins when we need money and that's what the guy is supposed to do to save his sister.

But I don't know. We don't know the actual situation and can only give advice based on @OP's story. But he must try to save his sister if he is truly needy and only has bitcoins.

It would be like what I did when I sold my bitcoins to make ends meet for my family and me daily. I have no regrets because I need money to buy my family's needs.

[reizella28]

If he really needs the money, he can sell his bitcoins even if the amount is still lacking. Maybe we'll sell our bitcoins when we need money and that's what the guy is supposed to do to save his sister.

But I don't know. We don't know the actual situation and can only give advice based on @OP's story. But he must try to save his sister if he is truly needy and only has bitcoins.

It would be like what I did when I sold my bitcoins to make ends meet for my family and me daily. I have no regrets because I need money to buy my family's needs.

That is the point for having extra money that are stored in Bitcoin, so whenever we need funds for our needs we could always get a backup money. It can be a small amount of Bitcoin depends on your need for you to still have extra Bitcoin for investment.

I would also do the same, I can't be proud of earning at Bitcoin if I couldn't even use it to help the needs of my family. OP situation is understandable and anyone could relate if they were on that situation.

[decodx]

Do you advise he sells and bail his kid sister?  Everybody is confuse.

What kind of stupid question is that? Selling bitcoin to save a family member? That's just ridiculous.

No, no, no, the only logical thing to do here is to sit back and wait for a miracle to happen. Maybe the kidnappers will have a change of heart and release the sister without the ransom. Or maybe the man will suddenly find a pot of gold at the end of a rainbow. Who knows? 

[Forever101]

The situation  that require saving of life can warrant selling of btc at whatever price it may be. One thing every good investor must bear in mind is this  " there is hope when their is life. Even the kidnapped after been released can invest more on btc and make unprecedented Fortune from it. We must put life as our number one investment, then every other investment follows.
My advice is for the man to pay the price of saving the sister and strategies on finding the master planner of this evil. If he eventually finds out those in charge, it become easier to recover from the losses. However, if he didn't find them, let life continue and strategies on how to continue with his investment plan. Things can turn around at any instant("this is the spirit of an investor")

[Churchillvv]

This thread and a few others I've read on this forum have some similarities. The only difference, after examining the specifics of your post, is the narrative. There are numerous other threads that address the same issue, but I can clearly recall the one below: https://bitcointalk.org/index.php?topic=5430877.msg61477423
OP Even the comments on this thread mostly reflect the responses you received.

[Faisal2202]

forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?

Will you ever forget that your mentor's kid was kidnapped and never existed in your life, if Yes? then bro you have become a slave of money (not accusing), Safety of loved ones is all we need. And why are you so excited to ask about our situations of selling our money, every person faces situations where they have to make hard decisions like some person giving his kidney to his loved ones, etc., etc. and you are worried about BTC. Bro, You guys should talk with the authorities about it and not be confused with your neighbor's thoughts because the number of mouths is equal to the number of solutions (not the right ones).

Are you making surveys to get to know how bitcoiners think, so that you can start kidnapping people for money?

That's what i was thinking because many of the questions being asked nowadays are more likely to be a part of the survey, Like, how many bitcoins do you have, Which wallet is you use to store BTC, or any other alternative of it so that they could get information out of you and this is the most easiest method i have seen.

I hope the OP is fake and his question is to get attention because as other members has reflected to his post, he must get an idea of how important money is or not if your loved ones are in danger then i don't think BTC is more important than them, You

[nakamura12]

I can't answer your other question but the question about if I would sell my Bitcoin when there's an emergency and I don't have money left (cash/fiat currency) except Bitcoin then I would sell it because it will be helpful for me to solve whatever I am facing. Once it is solved then I will start my journey on crypto until I have the same amount of crypto that I have spent for an emergency. We don't know that we might have another emergency and other important expenses.

[Cryptomultiplier]

Well, the man's case is quite a sorry tale because as you said, even if he sells his Bitcoin, it wouldn't be enough to pay the ransom. He should pray so that things might level up, turn around for good or better still he gets a helper who agrees to lend him or dash him such an amount. I doubt there is any lending platform available on the crypto currency space to come to his rescue and even if he tries out other fiat banks, such amount would be too ridiculous to lend out.
This would also be a good time to alert security operatives on the situation and hope the situation is settled before it gets out of hand.

[Sexylizzy2813]

It is a critical situation so you just have to think of one thing, which is save a life first before thinking of something else.
Before the bad guys start making any move on this particular person, they must have gathered all useful info before carrying out that operation on kidnapping the girl. My advice is just forget whatever amount of money or Bitcoin you have and do the needful, which is save the girl.

[Finestream]

At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life.

This situation is definitely one that requires you sell your bitcoins. Any life threatening situation which cannot be solved by the cash I have available would cause me to liquidate my Bitcoin holdings.

I see absolutely no reason why I should forget about Bitcoin. Having to empty my wallet at one time does not mean I cannot keep earning in Bitcoin and building my stash over again.

Even if this story isn't a lie, it doesn't require a forum thread, you only need to look out for your acquaintance and help out when you can.

You know, situation like this does not need deep thinking anymore because you would not want to chose bitcoin over the life of your sister. So selling would always be the first priority so you can save your sister from the hands of the kidnappers. After that, when the problem is solved, you can start saving all over again, I guess that’s never a problem in the first place.

[Marykeller]

What other stories did you come up with to create drama like this to create new threads every day?

I can't believe what you're telling the forum this looks like this is bullshit or like a drama movie asking for ransom while you are confused about how to do whether to sell BTC or not it is stupid not to act sooner.

lol.

I can't help but chuckle at why the OP asks this kind of question in the forum. This is entirely a Nigerian movie that never happened because the OP won't tell me that the person who introduced him to bitcoin is debating whether to sell his bitcoin to cover the money the kidnappers are asking for in exchange for releasing his sister.

To begin with, this is absurd to consider. Humans cannot rationally compare the value of bitcoin or any other item to the lives of their loved ones. It seems like the OP and his friend forgot so easily that, unlike bitcoin, life cannot be replaced once it has been lost.