Quote from: CryptSafe on Today at 12:20:54 PM

Quote from: lienfaye on Today at 10:19:13 AM

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

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

It really doesn't feel good to sell against your will because certainly you'll regret it when the time comes the market turn bullish already. However, it happened because of urgency and you just don't have a choice, the good side of it is Bitcoin saves you in times of emergency and that's a good thing. When there seem no hope and you don't have anyone to count on, Bitcoin is just there.

I also experienced the same thing and just like you it's not what I really want to do. But the situation left me with no choice so I had to sell even it's not a good time. What I keep in mind is, I overcome a situation with the help of my Bitcoin so it's not really bad. There's still a time to accumulate because the word too late is not applicable if you're a long term hodler.

I am a long time hodler of bitcoin but I have come to realize after the incidence of the emergency that needed my urgent attention that bitcoin can save in times of need. It is an alternative currency which speaks of it value and flexibility. After that incidence, I felt some chills right inside of me and I was wondering if I had not had any bitcoin savings at that moment how could I have done it not to talk of me not finding it funny seeking for a loan or Money lender for a backup. Although there are lots of other sources I could have gotten Money back from my other investments but the time and procedure
involved in processing the funds would have taken me much time which is not the type of response I needed as at that time but my bitcoin did not waste me time to convert into cash within a short time interval as I desired it to be In my account as fast as it can. What I am trying to say is that bitcoin as it is has no third party approval under your custody and it is very fast at your convenient and disposal to convert from any part of the world into any out put you want it.

It can really saved lives! Bitcoin is a double purpose for those investors because some will mostly used it as an investment to gain profit by holding it in longer period of time but also it act as an savings or emergency savings because in that span of time for sure you need it , you some sort of money which you have in your investment you need to sell it to act on those emergency though it doesn't goes as plan but still you've solve one of biggest problems in your life.