Will you take a loan or sell ur Bitcoin?

[Tungbulu]

This is the reason why I always emphasize on the importance of back up funds, even before starting your investment  logically, one should have at least 3 to 4 months of your living expenses saved up for future emergencies before surely, Emergencies must surely occur and we can’t help it, so it’s always better to prepare for those emergencies to avoid such a situation where we’ll be forced to sell off our holdings to tackle emergencies.

And in the absence of an emergency fund and an emergency arises in the future, the most logical thing do I believe is to take up a loan to handle the situation and then sort for ways to repay the loan. Bitcoin investment is a long term investment and should be approached that way, even taking profits along the way would potentially interrupt the growth of your investment, that’s why we should always avoid whatever thing that’ll make us dip into our investments for financial assistance.

[Adams0001]

I think before one must invest into Bitcoin, they should also have a saving plan for emergencies too and by so doing wouldn't have to sell off their Bitcoin in times that you don't intend to. Before also take the loan, you should consider the amount and the interest, if it's an amount you can be able to settle within the given timeframe without touching your BTC, then you should go with the loan.

That is why i stated that anything you try to do should have a backup plan, which means you should have a source of income before investing in Bitcoin or any other business that would sustain you. If an emergency arises and you have no other option, you must sell your bitcoin to solve the problem; however, if you want to take your time and are confident that he will not cause you any difficulties before you repay, you may leave your bitcoin and obtain the loan to solve the problem. If I don't receive a loan, I'd rather sell my bitcoin to solve the situation, because I know I'll get more money to invest again, then taking a loan that you will be thinking how to pay back and definitely you will come and still sell the coin if you didn't have anything to pay back. so is better to sell then borrowing money and still sell your coin. When you don't have a source of income and investing you won't see the value because anytime problem comes you will definitely touch your investment to resolve your problems.

[Jegileman]

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.
Remember no money with you and consider how u would work and strive to have such a huge amount to pay back a loan.
So which is ur option, compromise ur Bitcoin or take a loan and strive.

No one will wish for their investment to get to a point to whether withdraw from the investment and settle the issue at hand or even want to think of taking a loan to settle the issue at hand. Bitcoin investment necessitates that you have another source of income that should always come through for you in terms of emergency situations and when you don’t have that source of income it becomes very hard for you to settle issues like this when they arise.

I would have taken note and have another source to rely on in terms of emergencies but if anything of such comes up as an impromptu and I don’t have another source to rely on, I would gladly sell some parts of my bitcoin to settle the debt at hand. It is not even advisable to take a loan to me, we invest to have a life free of debts and be contended with lots of sustenance, so I won’t compromise my peace of mind for anything at this point, so I would rather sell some bitcoins to settle the issue at hand.

[Fiatless]

So which is ur option, compromise ur Bitcoin or take a loan and strive.

The first thing I go consider na the interest for the loan. Baba because eh get some kind loan wey you go collect,  the interest go dey too high pass even the profit you go make from hodling Bitcoin. I hear say some of all these local loan people dey use juju give money, so that you no go fit pay back quick make the interest the increase .

So if the interest no too much and from your predictions you fit make more money if you keep holding you Bitcoin, the best option go bi to take loan. But if you consider say the interest go too much, bro sell your Bitcoin use solve problem. Thank God say you even get money somewhere to solve emergency need. My brother for this country na, trouble no dey finish.

[Moreno233]

This is a very tough situation to be in so there will hardly be any direct suitable answer. Rather than be in a situation like this, it is better to plan your Bitcoin investment such that a situation like this will never happen. To do this, it is recommended that the investor set up emergency fund that will cover unforeseen circumstances that will require money. With emergency funds in place, whatever could have made the investor to sell Bitcoin or take loan would have been avoided.

[Richbased]

For me if am in a situation where am left with the option of either selling my bitcoin or taking a loan to solve an immediate problem, i will consider selling my bitcoin to solve the problem but i won't sell all my bitcoins. My reason is because, bitcoin is very high now and selling part of it to attend to an urgent need doesn't seem like a bad idea from my end because going to take a loan will require paying an interest of which you may not be able to pay back the loan which you will also be left with the idea of selling your bitcoin to pay off the loan and it may come at a time when the price of bitcoin might have fallen so if you decide to sell, you have sold at lost plus the interest you paid when you could have just used your own money when the price of bitcoin was high which you can even use to attend to the urgent need and still have left over you could keep till when the price falls and you buy back again.

[CryptopreneurBrainboss]

I decided to come up with this topic now cause it will be very vital to know how some people cherish and how they can handle situations in their worst times. I see the way investors and traders are being happy the way Bitcoin is causing waves in the crypto market and running in a bull run direction.

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.

Don't think twice, if it's an emergency that you can't ignore or postpone the solution, sell and solve that problem. Problems that are left unsolved results to other problem so to avoid something like that from happening, go and solve your problem.

Bitcoin will still give you another opportunity to invest and when doing it this time, try to avoid using everything that you have on you. Emphasis on emergency funds because we ignore this part of preparation for investing too much.

You need emergency funds to prevent you from selling your investments prematurely. No go take loan oh because you don't know how the market will react.

The market fit just turn bearish all of a sudden and stays that way for the duration of your loan and then you'll have to borrow again to clear your first debts. Debts aren't good unless say you sabi use debt to work in your favour.

[Coyster]

The first thing I go consider na the interest for the loan.

E dey very important to always consider this in every loan wey person wan take, i notice say to take loan from bank they accrue very high interest rate and before you know it, e don turn wahala for the borrower to repay both the principal and interest. Loan dey good oh, most wealthy people dey use am well well, but it must be a well calculated loan, with a structured method of repayment, if not, e better to use other mediums take solve your problem.

[promise444c5]

You're not meant to be investing all your life saving into bitcoin the first place, especially incase of situations like emergency... having your emergency funds at hand could cover that and at the same time it's a form of risk management( even though BTC is not some kinda risky investment)..
Thus, if your available emergency fund can cover the whole emergency situation, like CryptopreneurBrainboss said... "don't think twice"  get it out and fix it  there will still be opportunities to get in back ( if time permits ) and hopefully you might get a dip..

[Dr.Bitcoin_Strange]

In the current social system, from the lower class to the upper class, people are involved in debt. Although taking loans at compound interest rates is solving the current problem, later it is seen that they are falling into more financial problems to pay the interest on the compound interest loans. Therefore, in special consideration, I would say that if possible, avoid taking loans and create an emergency fund and solve the current problem. In this way, we can solve the problem through emergency funds without selling our Bitcoin

We are in the state of economy where most people are in debt but at least, let people take up loans that they can be able to settle no matter what, I said so because some people don't think before they take loan, they could just collect a huge amount of loan without even asking themselves how they could pay back.

[Cryptoprincess101]

If only I could figure out how best and possible way I can repay the loan, then as for me I would prefer take a loan rather than selling my Bitcoin, that's if the condition is much critical, perhaps this is one of the reasons a provisional emergency funds is always advisable to be built alongside side your Bitcoin investment possibly 3 to 6 months worth of your expense by definition which is meant to help you in time of an unforseen contingency of this such, even if it wasn't enough to cater for my emergency i don't mind taken a loan after figuring out how to pay back rather than selling my Bitcoin investment when I should be thinking of increasing the quantity that i have.

Taking a loan instead of selling bitcoin is the best because i will become so angry with myself if i sell my bitcoin and after which the price skyrockets. Let's just take for instance, someone who sold their bitcoin before the US election to take care of an emergency need only to see the price soar so high to $90k after the elections, that will be the greatest regret ever, so it will be better to take a loan then i can pause my DCA till i have fully repaid the loan then i continue with my accumulation. I know that having budget for emergency needs in case of situations like this is important but there can also come times when our emergency funds may not take care of an urgent need which will still result to a situation of either choosing to sell your bitcoins or taking a loan.

[Lida93]

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.

In the first place what was your aim of holding bitcoin if it isn't to make profit from it and use such profit to better your lot or solve pressing needs whenever the needs arises. And graciously if such overwhelming needs has to arise at this bull run period when I have already made some significant profits from the rise of bitcoin price to a new ATH at $93k even it it's predicted to surmount such number before by next year.

Taking a loan can only double your burden because loans comes with interests and in this part of the world where we are we all know how illogical the percentage interest amount are been attached to loans. Selling your bitcoin to solve your problem isn't a taboo as you can always have the opportunity to start stacking again at a good price dip. More pleasing to me than taking a loan.

[Agbe]

I will sell some unit of my investment to solve the problem because I can't face a problem that is severe when I have money in my wallet. Then what is the money for? Assuming I am jailed because of the issue or die because of the problem, who will take the funds? According to a native song, enjoy your life when you still alive. And as it is now, if you are selling, you won't lose anything because we are on the All Time High Bull Run. Even though it is not yet your target, you have to solve your problems because it is only when you are free and alive that you can make more money. Taking a loan will be more dangerous because you can't predict the price of bitcoin and if the price comes down after taking the loan and if the bear market last till after the deadline of the loan. WhY will you do at that time? You have to think the 2 ways to avoid issues in the future.

[Egii Nna]

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.
Remember no money with you and consider how u would work and strive to have such a huge amount to pay back a loan.
So which is ur option, compromise ur Bitcoin or take a loan and strive.

Two things are involved here: number one, your investment is something that you will have to be patient with and hold for now because there is a possibility that you will get a lot of profit from it; secondly, for the loan, you said that it will take a lot for you to pay the loan.
 
So it’s left for you as the person to either go for the loan or sell your investment. But if it is for me, I will sell my investment to settle the emergency; that is, if you didn’t have any emergency fund left for you, because the worst financial mistake to do is to take a loan to settle your problem, because if you do that, you must have to pay the interest involved in the loan, but if it is your investment, you will just settle your problem without any disturbance or thinking on how to pay back the loan again, so as I said, the best to do is to sell part of your investment to settle your problem.

[I_Anime]

I decided to come up with this topic now cause it will be very vital to know how some people cherish and how they can handle situations in their worst times. I see the way investors and traders are being happy the way Bitcoin is causing waves in the crypto market and running in a bull run direction.

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.
Remember no money with you and consider how u would work and strive to have such a huge amount to pay back a loan.
So which is ur option, compromise ur Bitcoin or take a loan and strive.

This is the reason why emergency funds is necessary, so that whenever you are in such situation you don't have to think of selling or putting your hand in your Bitcoin investment, and most long-term holders usually have such funds just to avoid seeing themselves in such situation.

Because if you sell your bitcoin in the process you won't have the chance to buy at cheaper as you once did , so better to have a backup funds that will serve as an emergency funds.

[sotelorene]

I guess you are just imagining this because of the current price of Bitcoin though this can actually happen to someone but just like they said every investor is supposed to have reserve or emergency fund to take care of unforeseen circumstances and remember one is not suppose to invest in Bitcoin with all he or she has and be begging for food, is abnormal I mean it's madness. However, if an investor should have an emergency fund and then maybe it's not enough to handle the issues and let say it's remaining small money to handle it instead of selling your Bitcoin you can borrow to pay back later but on the other hand if you don't have anything at all and the issues is so pressing perhaps one should sell off their Bitcoin or some of it insteady of going to borrow a huge amount of money when we know that our investment is not 100% guarantee and secondly Bitcoin is a very volatile asset what if after borrowing a huge of amount and it Dip massively and take a very long time to pump how will you pay back. So my friend, to me investment or Bitcoin is not running, you suppose solve your problem first and later you go still continue just that e go take you time.

[Roseline492]

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.

Is only if somebody is alife will they be able hold Bitcoin, so if such emergency comes up and there is no other way for me to mprovise I will of course sell some of my Bitcoin holding to sort out the problem while I wait and work hard for more money so that I would replaced the amount I deducted from my Bitcoin, however don't be surprised that there are people who would decide not to sell even if they had no means to borrow the money, considering the interest involves in getting a loan I will not even think about getting it because by the time you calculate the interest you will pay and compare it with the profit impact on your Bitcoin within the agreed time of repayment you will see that using some of ur Bitcoin will be more safer for you because there are people who pays 70k interest or more for 300k loan for the period of three months or less, so do you think that the person will be able to see up to that amount on there Bitcoin for that three months?.

[Mayor of ogba]

This is the reason why you should not invest all your money in bitcoin so that you will not want to sell your bitcoin to survive, which might get you off the game, partially or completely. It is always wise to use the money you will not be needing for 4-10 years or more so that you will not want to sell your bitcoin to survive even though you are at a loss since the money is not allocated to solve your daily expenses or build up your emergency funds. It is also not wise to invest in bitcoin in such a way that it will stop you from sorting out your daily expenses because you will end up selling your bitcoin to survive.

[Stable090]

So what will you do in this situation where there is a serious issue at hand and even on ur shoulders a very emergency situation at a critical time but no money in ur account not even a friend nor family member can come to your aid and u are a HODLer in this time that Bitcoin is in its prime in the market. As an investor will u compromise ur Bitcoin to solve the problem or u consider taking a loan to solve it then pay it later.

No forget say na because if things Dry, make I get where I go fit fall back to, na why I Dey invest be that. If I get emergency, and I no get any other way to get money, na to sell my bitcoin solve the problem now, but if I go fit see person wey go borrow me, and no be say you go Dey add nonsense interest, then go just go for the loan, and I go Dey pay back small small, or I go promise when I go pay back.

Just imagine say person get health challenges, and him get bitcoin for wallet, but him no wan sell am, abeg no be person wey Dey alive Dey hold bitcoin? If person don die, e don turn family property, if dem no even sabi say you get bitcoin, e don waste be that.

[Hatchy]

I decided to come up with this topic now cause it will be very vital to know how some people cherish and how they can handle situations in their worst times. I see the way investors and traders are being happy the way Bitcoin is causing waves in the crypto market and running in a bull run direction.
So which is ur option, compromise ur Bitcoin or take a loan and strive.

The word hodl, doesn't necessarily mean that you should starve your self of money, when you need it. For a situation where it comes to the point of taking a loan, it must be serious. Like some have already said in the comments, BTC price is currently in an ath, alot of persons are already selling as this is the right time to sell as, price might come back down soon. Don't take the hold thing too much to the extent of taking a loan that will cause you no rest of mind as you get to pay back with some interest. Use you money to do what is needed as you will always have a chance to buy BTC.