How to avoid forced selling Bitcoin holding in financial problem

[Hewlet]

Let us tell you about your situation and give you an idea for those who have already started investing. If Bitcoin will down 50% tomorrow and at the same time your income stopped for a few months, do you have enough cash to run a basic life without selling Bitcoin?

Your investment is not supposed to be something you start selling just because you're facing financial deficulty that you're battling for months or a year. If at the slightest financial setback you activate a sell option, what that means is that you're not a serious investor that wants to get anything tangeable from his investment.

Because bitcoin is relatively volatile, along the time when you're still invested, there will come times of DIP and bull and that's not suppose to influence your buy/sell decision. It's always going to be better that you set up structures like an emergency fund and focus on creating better cash flow or possibly having an alternative stream of income such that if an income stream shuts down, You can easily open another income stream without neccesarily selling your bitcoin as a means of surviving on a temporary bases.

[CryptopreneurBrainboss]

Bitcoin doesn't cause much stress, mentally and emotionally, compared to the majority of real assets. The only stress, however which I consider to be normal for all investors, is to learn all you need before utilizing your capital, the discussion concerning how to invest in Bitcoin is being discussed like it seem too complicated. Bitcoin is one of the simplest investments anybody can get into, make researches and do accordingly.

Why won't Bitcoin look complicated to them when the investors in the industry are mainly novice that had no clue what investment was before the boom of the crypto markets. We have amateurs here in their numbers so their reactions aren't surprising. Here's a saying that'll be of help to those finding it difficult with this situation, eliminate the need to sell in the first place instead of  fighting the urge to sell. It's better when you didn't have any need to sell in the first place that fighting to stop yourself from selling because you're afraid or short on funds and all this boils down to your planning before investing from the very begining.

[Fiasem20]

Let us tell you about your situation and give you an idea for those who have already started investing. If Bitcoin will down 50% tomorrow and at the same time your income stopped for a few months, do you have enough cash to run a basic life without selling Bitcoin?

Na the koko be that,always get backup funds.Backup funds go help you make you no sell your bitcoin holdings prematurely,even when your bitcoin holdings no dey premature without backup funds when emergency come up you go just sell your bitcoin when e never reach your financial target.So the most important thing na to get backup funds as you dey invest,and if you build the goal to hold your bitcoin for the long term,that one dey come from financial discipline.When you dey financially disciplined you fit decide to hold your bitcoin for 10 years with the help of your backup funds and that your goal go come to pass because you dey financially disciplined.

[I_Anime]

Nobody prays to lose their source of income because it must affect your way of living. Since, you have emergency funds on ground, you can use it to survive for the main time before you get another means of income. However, having multiple sources of income is good like setting up a business couple with your job to make life easier because you cannot lose both sources of income at the same time.

Some folks can’t even use their emergency funds to invest when they loss their source of income . I personally won’t advice that , your emergency funds is meant to keep you going till you figure out what to do next , because investing with your emergency funds is like you turning something with high volatility your emergency funds, cause your investment will later be seen as your emergency funds. Like I usually say without a source you can invest , but still you will have to be very careful the way you allocate your funds. The best way to invest is having a strong cashflow .