let's say your emergency funds is not enough!

[Ayers]

For those who are investing for the long term, an emergency fund is important to avoid being forced to sell in unexpected situations. Generally, every investor is asked to keep an amount equivalent to three to six months of income in an emergency fund, but this amount may vary from person to person. The main thing is to have an emergency fund at a level that will not force you to sell Bitcoin. Therefore, it is important to create an emergency fund along with maintaining investment discipline in long-term investments.

That sounds ideal, but real life does not always work out the way we expect. No one can predict what kind of emergency they might face or how much money they will need to get through it. If we knew exactly how much money we would need and what situation we were going to face, then it would not be an emergency.

So if your emergency fund is not enough, selling Bitcoin should not be seen as a failure. After all, Bitcoin is just money, and money is meant to serve our lives.

[cyberninja2]

...

Actually we don't know the future and we don't know if the emergency fund will be enough. Still everyone tries to keep an emergency fund thinking about the future. You already mentioned some options. Anyway if my emergency fund is not enough in the future then I will not think of selling Bitcoin first because I will try to take a loan. If I can't get a loan anywhere or there is no other option then I will think of selling Bitcoin.

I think your point is correct, as we all don't know what the future holds. Now, what we need to do is set aside some money to increase our emergency fund whenever we have a better income after investing. This is to anticipate situations that we can't handle, situations that need to be addressed. With the help of our emergency fund, I don't think we need to sell some of our Bitcoin to solve the problem. So, in this case, that's what's happening; the purpose of having an emergency fund is to have an emergency fund.

[348Judah]

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

Once I am exhausted of my emergency fund, the next to do is to find an alternative to how I can borrow money that does not have any interest from those that are closer to me, if this is sorted out or I couldn't get any, change the next available option for me is to just look if there are possible asset I could sell in profit as at that time and used the money to invest in Bitcoin or meet up with my demands, while the last option definitely will be for me to sell my bitcoin to meet up with the needs if everything is not working out as I wanted but not have to be everything I am going to sell like this time, maybe just a portion.

[Olatundespo]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

It is not uncommon to encounter such a situation. In such a situation I will try my best to keep my Bitcoin holdings safe. If I cannot back up even with the amount of emergency funds I have in my possession in case of emergency, I may be able to withdraw some Bitcoin. Although it depends on the colour of the portfolio digits. If the digits are red, I will try to borrow to meet the need, and if they are green, I will withdraw only the necessary amount of funds. I do not really want to sell any other assets because each asset is important. Since I am accumulating Bitcoin regularly and multiple cycles are competing to keep this process going, I think it is reasonable to withdraw a small amount of profit. Of course I will also be careful to add this amount to the portfolio at a later time.

[Free Market Capitalist]

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

Use the emergency fund—and sometimes not even that. There are no “emergencies” that cost more than 6 months’ salary.

In the rare cases where there might be one—such as if your house has a structural problem that isn’t covered by insurance—you don’t need the funds by tomorrow; you can take out a loan, sell assets, or try to cash flow them. However, that hasn't happened to me; usually, I go years without dipping into my emergency fund.

[Cointxz]

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

I once sold majority of my Bitcoin holdings when I’m constructing my house few years ago after my budget run short due to the materials increase and slow construction due to harsh weather.

My Bitcoin holding was in big profit already so I have easy decision making when I sold mine instead of liquidating my other assets.

Our main goal on holding Bitcoin is to gain profit and use it whenever we needed. The only time I might hesitate to sell is when my holdings is down.

[Kelward]

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

Once I am exhausted of my emergency fund, the next to do is to find an alternative to how I can borrow money that does not have any interest from those that are closer to me, if this is sorted out or I couldn't get any, change the next available option for me is to just look if there are possible asset I could sell in profit as at that time and used the money to invest in Bitcoin or meet up with my demands, while the last option definitely will be for me to sell my bitcoin to meet up with the needs if everything is not working out as I wanted but not have to be everything I am going to sell like this time, maybe just a portion.

It is not a good financial plan to use your emergency funds to buy Bitcoin because if emergencies arises you might be forced to sell your Bitcoin to take care of the emergency need, so if you don't have a convenient fund to buy Bitcoin it is better to avoid buying. In a situation where your emergency fund is not enough to take care of an emergency then it becomes urgent to look for quick money to save the emergency situation.

As a serious Bitcoin investor you should first explore other avenues to raise funds to take care of your emergency but if nothing is forthcoming then you wouldn't have a better option but to sell. Your Bitcoin is your asset and money which you cannot hold indefinitely so despite that you will prefer to hold it for many years for the value to keep increasing you should also consider your immediate pressing needs. There are some expenses that are not supposed to be carried over like emergencies so if you spend your Bitcoin on a deserved emergency you shouldn't have any regrets.

[Joeboy]

..

If it is a life or death situation then honestly the affected investor should sell, because in everything, life should come first... Wealth cannot be enjoyed when an individual is dead.. Bitcoin clearly has no certainty of yielding profit especially when done for shorter term duration, and so I wouldn't advise folks to resort to a loan when they don't have an alternative of paying back.. Depending on Bitcoin to repay loan is a very unwise decision..

[Yeesha]

..

If it is a life or death situation then honestly the affected investor should sell, because in everything, life should come first... Wealth cannot be enjoyed when an individual is dead.. Bitcoin clearly has no certainty of yielding profit especially when done for shorter term duration, and so I wouldn't advise folks to resort to a loan when they don't have an alternative of paying back.. Depending on Bitcoin to repay loan is a very unwise decision..

If it is a matter of life and death then it is important for the investor to sell at that moment in order to save life. Because it is important to prioritise your health over everything. When you are steady and your feet enough you will start an investment again and everything is going to workout by God's grace. Before taking a loan it is very important to plan or think of the source of how they will pay back the loan in the future, and if there is not any guarantee to pay back the loan, the best thing is to avoid it from the very first place.

[Fivestar4everMVP]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

I hate to sell my properties, especially the ones I know I am still going to need or make use of in the future, so I likely will remove this option from the list of available options, and the available options be between borrowing money and selling part of my bitcoin..

In that regard, I will prefer to borrow money over selling my bitcoin especially if like we currently are, we are in a bear season when and where it is possible the bitcoins I bought haven't produced any profit yet, I will look for where to borrow money to sort out what ever the issue is, I don't mind the interest as long as its moderate and not over what I term or consider as normal.
Atleast, this option will not only help me to preserve my bitcoin for the future, but it will also encourage me to work harder and smarter to ensure I make money enough to not have to borrow again when emergencies like that rises again in the future.

[Makus]

Well, the best thing you can do is to sell some of your Bitcoin although this should not be a major part of the investment, it is wise to sell a little portion of your Bitcoin and not huge amount. Some people might prefer to borrow money and keep their Bitcoin investment running but not everyone likes the idea of borrowing or being in debt. We cannot be fully prepared for some situations but one thing that helps when your emergency funds isn't enough is when you have a source of income or a side job that gives you money.

[Samlucky O]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

Hmm very interesting though, what could be this debilitating situation that I know nothing about? Well it's been long I heard about this type of grammar but indeed it's definitely an unforseen circumstances that is beyond emergency fund. But in the option you have listed, I may chose selling belongings that are not asset A.K.A liability. These liabilities are things that depreciate in value and not asset. For me, anything that add value is also equated as Bitcoin despite Bitcoin being a superior asset, but it is better selling personal belongings that doesn't add value than selling Bitcoin. But when there are nothing to sell and Bitcoin becomes the only option, you can sell some part of bitcoin and not all.

[Agathamay]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

My people would always say that, we should pray need to be in such situations but since we're all in the world of imagination, i don't know why people are already having a strict mentality of not selling their bitcoin and now lets change the example and maybe let's say you've been diagnosed of a critical medical condition that maybe requires surgery or it would cost you your life and let's say the total cost of the treatment is same as the amount you're holding in bitcoin, will you choose to save yourself by paying for the cost of the surgery with your bitcoin holding or choose to continue holding your bitcoin at the expense of your life?

Answer this question then we can have a further discussion.

[DYOR+BTC]

Well, the best thing you can do is to sell some of your Bitcoin although this should not be a major part of the investment, it is wise to sell a little portion of your Bitcoin and not huge amount. Some people might prefer to borrow money and keep their Bitcoin investment running but not everyone likes the idea of borrowing or being in debt. We cannot be fully prepared for some situations but one thing that helps when your emergency funds isn't enough is when you have a source of income or a side job that gives you money.

Selling once bitcoin when the investment period is not yet due is never the preferred option when the emergency funds is not enough to meet up to the desired amount needed.
The best approach towards a profitable investment is leaving to till the expected time, Selling or borrowing when emergency funds is not enough is considered one of the worst investment process as all profitable investors are once who even in difficult times is never moved to sell because all investment has its own reasons or purpose except for investors without dreams.
In such situation i prefer pushing to acquire more even if its not easy to find but constant searching for more will bring the answer to it all which is the only differencebetween the poor and the rich.

[M47AK16]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

I hate to sell my properties, especially the ones I know I am still going to need or make use of in the future, so I likely will remove this option from the list of available options, and the available options be between borrowing money and selling part of my bitcoin..

In that regard, I will prefer to borrow money over selling my bitcoin especially if like we currently are, we are in a bear season when and where it is possible the bitcoins I bought haven't produced any profit yet, I will look for where to borrow money to sort out what ever the issue is, I don't mind the interest as long as its moderate and not over what I term or consider as normal.
Atleast, this option will not only help me to preserve my bitcoin for the future, but it will also encourage me to work harder and smarter to ensure I make money enough to not have to borrow again when emergencies like that rises again in the future.

That is definitely the right path to freedom. I had so much trouble in my life, and I had to cash out my bitcoin, but before I did that, I maxed out all the loans I could first.

It was a terrible period of course, but I didn't started with getting my bitcoin out first, I did the loan method first, called up every bank and got as much loan as I can, and paid stuff that way, it made my life a living hell for YEARS but I fixed the situation, eventually I had no loans left to take so I had to cash out my bitcoin too, and even had to sell stuff in my home too, like my playstation etc, nothing huge, but I sold stuff, and still , I fixed it, and now I am nearly debt free, in fact I can say at this point I am debt free.

[Shineup]

Well, the best thing you can do is to sell some of your Bitcoin although this should not be a major part of the investment, it is wise to sell a little portion of your Bitcoin and not huge amount. Some people might prefer to borrow money and keep their Bitcoin investment running but not everyone likes the idea of borrowing or being in debt. We cannot be fully prepared for some situations but one thing that helps when your emergency funds isn't enough is when you have a source of income or a side job that gives you money.

Selling once bitcoin when the investment period is not yet due is never the preferred option when the emergency funds is not enough to meet up to the desired amount needed.
The best approach towards a profitable investment is leaving to till the expected time, Selling or borrowing when emergency funds is not enough is considered one of the worst investment process as all profitable investors are once who even in difficult times is never moved to sell because all investment has its own reasons or purpose except for investors without dreams.
In such situation i prefer pushing to acquire more even if its not easy to find but constant searching for more will bring the answer to it all which is the only differencebetween the poor and the rich.

There is nothing wrong selling your Bitcoin if at the point all your backup funds has been exhausted as a result of the gravity of the circumstance which you have found yourself, no one is encouraging selling Bitcoin when it is not yet the time they projected it for, the truth is that life happens and it can happen so fast that you don't have much time to think but however, selling your Bitcoin should be the very last option that's when other options has failed to calm the situation and there is no other way other than selling your Bitcoin, this kind of situation I must say can be life threatening like health challenges and others kind of situations that pulls a threat to your life.

[philipma1957]

As an investor it's advisable to keep emergency funds to ensure that your Bitcoin asset management is done to the utmost, however there could be circumstances that emergency funds won't or might not be enough to handle the matter at hand whether a mistake or totally unforseen and uncontrollable happening. A very debilitating situation that the thinking of selling Bitcoin holding is already part of the options.

Under such conditions what will you do between selling your Bitcoin, borrowing money and selling other belongings etc.

selling btc at a loss is not terrible.

much depends on how much you need to sell

also much depends on how many coins or fractions of a btc you have.

loans are a terrible idea if the btc you kept at 64k drops to 24k.

ie you have 1 coin at 84k price.

btc is 64k

you need to get 32k

sell the half coin get the 32k and square your crisis away.

or keep a whole coin take a loan for 32k.

if btc drops to 24k you can't pay the 32k loan and need to sell the entire 1 coin of btc  at 24k and be short 8k not able to pay off the loan of 32k .

So eat the .5 coin sale and have .5coin left with zero issues of debt.

[Bitcoin.com97]

One thing I have come in terms with ,we can't predict what happened next in our lives ,so I have seen the options listed,but selling your btc is not the best option, instead I prefer selling my other valuable rather than to tamper my investment,or better still borrow money to sort out myself,them pay back as soon as possible, emergency funds should be what can cover your expenses  for at least 3 to 6 months if your job not longer function,but if it happens that It wasn't enough because one can't be predict the next outcome,than I chose others options than touching my my Bitcoin investment.