This is supposed to be an investment in a dumping market, but in my case, the opposite is happening, especially today, when I sold my Bitcoin. However, the smart ones in this market are those who plan to buy and hold for the long term instead of selling. However, today I was forced to sell my accumulated Bitcoin to do some Eid shopping, and I hope I will regret selling this Bitcoin in the future.
Don't sell your BTC, hold it ..
Maybe selling an investment is a personal decision for everyone but I wouldn't consider the decision to sell as reasonable if there aren't enough Bitcoins. Moreover this post of yours may serve as an example for investors, this post makes it clear that an emergency fund is very important for every investor. If you had an emergency fund in place before investing, you would never have had to sell Bitcoin and instead would have had the opportunity to buy a little more Bitcoin during a market dump. We should not invest all our money in Bitcoin, it may have more risk potential. So I think instead of selling Bitcoin now, buy more.
The reason on why he sell is Bitcoin is bit off since you should not decide to do that if your purpose is for shopping only.
But guess we cannot do anything since he is the one who can decide on whatever what he likes to do with his money. But for other people they better not to do it and always have extra funds to use for that usage. That's why proper allocation of funds is important so that we will not think about selling our Bitcoin for something that will not yield some good result to us.
I remember reading this article before
https://www.investopedia.com/financial-edge/1109/6-reasons-why-you-need-a-budget.aspxHow to Make a Budget
Track Your Spending.
Separate Your Expenses into Needs and Wants.
Make a Goal for Yourself.
Adjust Your Spending.
Remind Yourself of Your Long-Term Goals.
Return to Your Budget and Adjust as Necessary.
It Helps You Work Toward Long-Term Goals.
It Can Keep You from Overspending.
Somehow its helpful especially if we have good long term plans on our investments made not only with Bitcoin, but also with other things.