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 ..
You sold your bitcoin because of your shopping is a demonstration of your not having backup funds. Religious activities are paramount quite alright, and I believe that if you had adequate cashflow management and planning, you should have setup a backup fund specific to that shopping since you knew its date from earlier. Lack of backup funds have liquidated your portfolio which is very bad.
Maybe you'll learn from your mistakes, This is what you get being practical with your bitcoin journey as an early investor, you would make variety of mistakes and keep on learning and getting more experienced until you attain some sort of maturity on your investment processes, so as you start afresh to build your portfolio, remember to build your variances of backup funds alongside your bitcoin accumulation so that you wouldn't have to tamper with your investment again.
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.
It is not entirely necessary to have an emergency fund in place before starting out your bitcoin accumulation journey, you can build it alongside your accumulation journey until it can service at least three months of your expenses (or more depending on your decision) which after that you can decide to channel the amount initially apportioned to backup funds into your bitcoin accumulation in order to increase your aggressiveness until possibly a variance or more of your backup fund serves its purpose and there is need to build it back.
Waiting to build your emergency funds before starting your accumulation journey may result in unnecessary time wastage and procrastination in starting your accumulation journey which is why it is more important to start accumulating bitcoin first and then incorporate building your backup funds alongside it.