Quote from: Obari on March 13, 2023, 11:48:53 PM

Quote from: n0ne on March 13, 2023, 11:37:40 PM

Based on the urgency we should not think of spending. I've encountered similar situations and most of them were medical bills. In such situation we can't take any other decision. We can try other choices available, and mostly things won't work in emergency situation. Somehow we need to handle the situation with what is available with us.

Emergency funds are must with everyone's savings. I saw in a thread where an user got an opportunity to pay his wife's medical bill for pregnancy with bitcoin. He hadn't discussed about the market, but he found the direct paying access a better thing. So, at need we need to feel happy with the fund than the market.

Quote from: naira on March 07, 2023, 01:55:18 PM

Quote from: CryptSafe on March 07, 2023, 01:39:26 AM

If you have had such experience, how was it like?

It can't be helped because necessity drives us to take anything that can have a sale value. It's not just Bitcoin that is a valuable item and when it's urgent to have money right away it will definitely be done. What you experienced, must have happened to anyone who has no other financial flow besides holding Bitcoin. I did the same because there really was no other way but to sell some of my Bitcoin holdings. But with the condition that if in the future I have more money then whatever Bitcoin has been taken will be patched back.

I love your point @naira but I'm glad someone already got the right concept of saving.
Most times people think Bitcoin is the only way to financial freedom and I just wonder why they think I'm such directions because I believe there was time Bitcoin never existed and we still millionaires and billionaires and ever since the inception of Bitcoin, I've also seen people grow financially stable and I've also seen people get so broke through investing in Bitcoin.
Bitcoin is a digital currency and hoping to be globally accepted as a legal tender as there are already countries who accept it as a legal tender, with this been said, cryptocurrency is a very volatile digital asset that has the ability to rise in value or drop drastically I'm value as well making nothing guaranteed.
There is nothing actually wrong with selling Bitcoin and no one actually feels happy selling their possessions against odds and Bitcoin isn't exempted bit I think the concept of saving is to have something to fall back to when there is an emergency without having to bother someone else.
Know this and you wouldn't have to feel bad when selling your assets.

Hey mate. You did Justice to your explanations. Bitcoin is money but people still do not understand it and that is the sole reason for Satoshi developing the bitcoin but the early adopters of bitcoin that sold out to whales under panic were the cause of these investment mentality hence they turned bitcoin into an investment rather than sticking to the original plan for which it was developed. Since then, they have built that mentality of bitcoin being an investment which has been passed down to the new bies onboard the system which against the initial plan for Which bitcoin was developed. Another is the selling of bitcoin to settle urgent need which is not bad as that was one of the reasons to bitcoin is recognized as a legal tender. I see no reason why one should be regretting if they sold their bitcoin to sort out an emergency which needed urgent attention. If you have bitcoin at your disposal to sort things out when other options are not available why not do the needful? That is why you have the bitcoin.
It is time we start seeing bitcoin as a digital legal tender than just mere investment to make profit.