Will you sell because of situations?

[bbigtart]

This story is like a Korean drama, but if it's true, the story is real, it's better to report to the police immediately. Even if the story is true, I think that family and the people we care about are far more important than assets like Bitcoin. To me safeguarding the lives of our nearest and dearest is a much more important priority than holding Bitcoin or any other asset.

However, at the same time, I also want to say that investments and assets like Bitcoin can help build a more stable and secure future for our families and those closest to us. In this case, it is important to maintain a balance and not allow an obsession with assets ignoring more important things like family health and happiness.

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[jrrsparkles]

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.

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?

Just sell what ever you have and save the kid man that is the answer, well its unlikely to happen to everyone especially in every country because it's a sign that how secure the place for a citizen to live in there.

But logically no just someone will be targeted to get ransoms they will only do after enough planning and their Target also not just easy so its kind of useless discussion to have and don't involve cryptocurrency into it.

[AakZaki]

An overly dramatized story. But if this situation does occur, then what is the best option if not selling bitcoin ownership. Investment aims to make a profit and to make someone happy. If someone is held hostage and the last option is to sell Bitcoin ownership, yes it must be done. No matter the profit or loss, a person's life is the top priority. Bitcoin can still be found again and can be bought at any time, but the stock of someone's life cannot be bought again.

[Peanutswar]

I don't want to get disagree with the situation or just get exaggerated but if this really might happen its an option between life and death of course it's your kid and family you will do anything just to take them back, Bitcoin is just a bitcoin you can earn those again but the life and memories you've been created with your kid is priceless this question does not need to think about and have a common sense if you love your family you will choose them than the bitcoin. Also, there's some security action that came from the government officials you may seek to assist to make sure you'll get your kids safe.

[_BlackStar]

An overly dramatized story. But if this situation does occur, then what is the best option if not selling bitcoin ownership. Investment aims to make a profit and to make someone happy. If someone is held hostage and the last option is to sell Bitcoin ownership, yes it must be done. No matter the profit or loss, a person's life is the top priority. Bitcoin can still be found again and can be bought at any time, but the stock of someone's life cannot be bought again.

I don't really believe in the situation the OP is telling, but I can only think about one important lesson from the story.

It's always bad when those of you who have wealth in bitcoin are enthusiastic about telling people that you have a lot of it, posting it on social media and showing it to someone. It can obviously be exploited by others to steal, rob or get that wealth in other ways as the OP told. Therefore, it is always good to avoid and maintain our financial privacy in any case in real life.

[Stable090]

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 am the one, I won’t even think about it twice, it might be a planned work between people that really knows him, but he those not have any choice than to sell the bitcoin just to safe his kid sister, this is a matter of life and death and she is your kid sister, if you can pay the ransom for her to be freed, then it’s also an investment, you have invested in her and she will never forget you, time will come when she will pay you back.

How will you feel if anything happens to your kid sister and you had the opportunity to safe her but you didn’t, just because you don’t want to sell your bitcoin investment. Don’t worry if you sell the bitcoin, with time you will make your money back and you will be able to invest back in bitcoin, no late comer in bitcoin investment.

[Jatiluhung]

Come on, this is something that actually doesn't need to be questioned again for those of us who have a conscience. It doesn't even make sense if we feel confused and hesitate to release our bitcoins to save one of our family members from being in danger. I think even in this situation a person with feelings and common sense would even sell anything that could be sold to make up for the lack of needed cash.

Remember in any situation and however the most valuable thing that should be defended is the safety of you and your family. we can find wealth and we get it back by working hard. but when someone's life cannot be returned even if we pay with 1 billion tons of gold or with the whole world. Remember to always put your conscience first and don't focus too much on materialism so that we forget our feelings and love for others.

I don't know if it's a true story or just fiction but whatever it is I wish the best for you and everyone here. so that we avoid difficult situations. because I have no right to judge whether someone is lying or not. because I can't read someone's mind and heart. Because in the world of work that I am currently living in, I often encounter unique and sometimes unreasonable incidents. Finding various human characters and also various cultures in each different area.

[asawale]

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.

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?

Such a situation is a matter of life and death. And the reasons for going into investments is to be able to cater for certain situations when they arise of which safety of her sister is one of.

Inasmuch the security personnels are yet to be able to rescue his sister, his only hope still remains selling of his Bitcoin.

[alik111]

Looks like it's a made story by you because no one will be confused if his kid get kidnapped and the kidnapper demand money and the money you have. In this situation everyone will sell his Bitcoin if he has the amount.Because you can earn money back again but you may not get your kid safely if your kid gets kidnapped. This thread is looking like so poor quality to me and this question doesn't make any sense to me.

[Chilwell]

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

What will make you sell it is this particular issue at hand, life is the most precious thing to everyone living in this world. You only live once but you can get a lot more Bitcoin you just sell over and over again, our people usually said when there is life there is hope. He should not think twice about selling the bitcoin, safety first after losing this he should hard he will get another one much more than the previous one.

[Renampun]

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.

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?

why not report it to the police, surely they will help the victim's family find a solution>

if I'm in a critical situation (such as illness or something else) then there's nothing wrong with selling the bitcoin that I'm holding imo, because there are important things that are urgent and can't wait for time. then how important is it to have a stable income so that the bitcoin that are being hold don't need to be sold when facing an urgent problem (just a suggestion for everyone).

[Asuspawer09]

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.

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?

The answer was pretty obvious to sell your Bitcoin, in the end of the day it was just money, no money can buy your child.

In certain situations I would sell my Bitcoin at a fair price, if you need money for something that is really important you could sell your Bitcoin it is just a matter of what is important more. Even though a lot of us HODL Bitcoin for life, I should say that there are still limitations to it, I mean we all buy Bitcoin for profits I think most of us will agree with that, at some point, we need to sell our bitcoin because buying bitcoin would not really matter if you're not going to sell it on the end. There's gonna be no point in investing in your future if you're not going to use it, probably yes if you already have a lot of money or you are some rich guy, you could probably just give it to your kids. All of the money you save will not really matter if you don't spend it in the end.

[cydrix]

If I find myself in a situation where I have such issues, I'll state that I must find a solution, perhaps by selling some of the coins I've long held onto.
But the most crucial thing is that you get that I can't contribute all of my resources. Although doing so will be more profitable, it'll probably be the stupidest course of action. We are always told to keep some cash on hand for situations like these, which are things we should be on the lookout for. In order to succeed and go far, you must secondly have a reliable source of income.

[Razmirraz]

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

What if I asked you back, if you were in this situation what would you do.?
Your love for your little sister cannot be measured by anything, you will do anything to save her including selling the most valuable asset you have ever owned. When other funds are not available, there is no need to think twice about taking a stand. let alone Bitcoin, the house that leaves the most memories you will sell in order to save one of your family members.

[martyns]

Looks like it's a made story by you because no one will be confused if his kid get kidnapped and the kidnapper demand money and the money you have. In this situation everyone will sell his Bitcoin if he has the amount.Because you can earn money back again but you may not get your kid safely if your kid gets kidnapped. This thread is looking like so poor quality to me and this question doesn't make any sense to me.

Some persons are stingy,and it affects them to their family.How can one be stingy to his family,what I see in this case is that,if he has Bitcoin,and his child is kidnapped,he will contemplate on whether to sell his Bitcoin or not,and these types of people are very hard-hearted. When you have the means of helping someone and you refuse to help,it's bad to you.I don't blame him for making this kind of thread anyway,because I see that some persons lack what to post,and it result them in making threads that does not interest people to comment on.I know it isn't easy to make post,and I won't discourage him,rather I will encourage him to put more effort in the kind of thread he makes.

[collinscoinz]

Honestly this is the most foolish post i have ever seen in this forum,is selling a bad thing or if some one is selling dose it mean that is because of situation,if sellers decied not to sell,how will you buy things,person can do bussiness to earn a living,like for me i prefer bussiness than to white colar jobs,so are you telling me that is becuse of some situation that warrant me to sell or what,so this is not a nice saying big bro,selling is normal thing that has been in existent since ages till now.

[Die_empty]

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.

Giving ransom to kidnappers is illegal and should not be encouraged at all. Kidnappers use such funds to buy more arms and expand their criminal activities. Also, these kidnappers sometimes collect ransom and still kill their victims especially if they were identified by the victim. The ideal thing to do was to involve the police and get their advice and assistance.
But if the only option is to pay the ransom especially if the law enforcement agency approves it, life is more important than money. There will still be more opportunities to buy and hodl bitcoin, so the best option will be to liquidate your bitcoin investment and save your little sister.
OP I suggest you advice your friend to involve the police and he should keep his mouth shut. Publicizing that he holds bitcoin will put him and his family in danger. Criminals are everywhere seeking information for their next victim.

[DiMarxist]

Situations like this, we don't even require a second thought; sell it 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 so the best option will be to liquidate your bitcoin investment and save your little sister. what  the reason for us to invest in bitcoin, to get reach, and to solve our problems.

[Rockstarguy]

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?

Investing in bitcoin doesn’t mean if any thing that concerns life and death should be ignored just because you are investing in bitcoin. Your life and the life of family member should be the first priority because life is priceless and when their is life , their is hope to get new opportunities. No one will see his or her child dying and won't want to give out any valuable thing to raise money. I'm sure this is a question you can also give answer to, put him  in your shoes and think what will be your reaction,  I think you will will get the best answer for yourself.

[uche6215]

Before I say anything, I will like to appraise most Bitcoin investors mostly newcomers who are just investing in Bitcoin newly, is good to save money outside your investments so if there is any peril you can use it to disentangle.
All prosperous investors have savings and most of them do not use part of their investments to sort their selves out of mess.

OP, to me it will be nice to advise your friend to report the kidnapping case to the police 👮  for proper investigation and inquiries about the incident, for your friend to pay money to the kidnappers for the realize of his younger sister, it will be better for him to the police because I know that that the police 👮  will not ask of such huge amount of money from him.