I have some emergency reserves but I honestly dont want to dip into that, even though my instinct is on using the emergency cash and then replacing it as soon as humanly possible. But then, if everyone holds bitcoin and nobody spends it, how is it gonna be adopted?
What do you think? Use bitcoin or keep holding and use emergency money?
i don't mind selling some coins here and there, but as a swing trader, i try to time my sells optimally when the price is high. in contrast to now---we're 2+ months into a bearish correction and 31% down from the highs. based on the monthly trend, we're probably gonna be testing $20k in a few months, so i'd hate to be selling now. so if it were me, and it's
safe to dip into the emergency cash, that's what i would opt for.
don't worry about the larger philosophical questions of how hodling vs spending affects adoption. bitcoin was designed around human rationality, so let's just stick with that.