Post
Topic
Board Bitcoin Discussion
Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000
by
Mpamaegbu
on 30/09/2019, 03:26:18 UTC
I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger?
I will say you did well by selling off for the sake of family need. However, let me quickly point out that except for illness I haven't seen anyone who is healthy die of hunger. People will always find a way to survive and get food (even not enough to eat). Anyway, no regrets for your action and like you rightly said - Money is as good as the problem it solves.