Quote from: phieiph on March 26, 2017, 03:34:33 PM

Quote from: Finestream on March 26, 2017, 08:30:47 AM

Quote from: gabmen on March 26, 2017, 07:49:22 AM

Quote from: laredo7mm on March 26, 2017, 02:00:32 AM

I have few bitcoins in my wallet so if I am in desperate need of money then will sell some of my coins according to my need instead of borrowing it from friends or family as it doesn't look good on my part to spoil my image for few bucks and if I keep on begging for money from others then what is the use of earning and having bitcoins?

Well that is appliccable if you have btcs that you've kept and it's the same as having some savings in he bank that you can actually dig into if you're in need. That doesn't really make it a desperate situation. I don't think anyone would have a choice but to ask for oyher people's help when things are desperate. Its just hiw you handle people's trust the first time you ask for their help that can really save you from a desperate situation

Bitcoin is money so anytime you can cash it out when you run out of fiat, that's not really a real definition of a person who are in desperate need of money, desperation means you are badly needed it and you do not have an option but to borrow money. Sometimes we will come to that point in our life, although we do have a good amount of savings but expected emergency situation will wipe our all our savings since we need more.

It's good if everything is implemented exactly as you described, but if a person does not have savings or earnings in bitcoin is not so large to cover all the needs of a person. Even everyday life requires a lot of finance, not to mention emergency situations.

So that's what I was trying to say in my previous post that its always good to have some bitcoins in wallet which can be helpful at the time of emergencies as life is uncertain and anything is possible at any time so if you have saved enough money then you don't have to depend on others for money as you are not sure whether they will help you or not.