Post
Topic
Board Bitcoin Discussion
Re: This is why I sold my 0.67 BTC!!
by
Dildo Shwaggins
on 06/04/2020, 16:51:44 UTC
If you were in dire need of cash, I guess you are excused.
Sure, I certainly wouldn't criticize someone for selling bitcoin to free up some cash if they really need it.  However, it seems like OP invested in bitcoin when he should have had a cash reserve for emergencies--this is exactly what sets up selling like this.  People buy bitcoin with money that they can't afford to lose and might need in a relatively short period of time.

I'm actually in a similar situation right now, but I'm only letting go of a small amount of btc and it's not because I absolutely need the money to live.  I'm trying to buy that damn e-bike, and I've pretty much given up on the hope that I'll find a bicycle retailer who'd accept bitcoin.  Anyway, good luck to OP.

You are probably lucky you didn't find that e-bike as you would have lost 20% profits.
Depending on the type of bicycle profit can vary between $50-500


To the OP again:
The way I see it, you will rebuy 0.335BTC with the same amount of cash.