Re: Buy the DIP, and HODL!

What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.

-CJay

What you did is not a bad thing honestly, you are trying to save a life, but you did the right thing the wrong way, selling off your Bitcoin to pay for medical bills of your friend should have been totally avoided if you had an emergency funds in place that stands as the last layer of protection to your Bitcoin investment, but because their was no measures in place like emergency and reserve funds, you were forced to sell off your Bitcoin holdings even though you never wish to, so in this your situation, it is lack of proper planning on days like that, days of emergencies that cost you your Bitcoin investment, I just hope that you learn from it and for it not to repeat itself again.
I have seen stories like this countless times repeating itself over and over again because most folks fail to learn, but in all we do, for the sake of our Bitcoin holdings, we shouldn't joke with emergency and reserve funds.

Emergency fund is relative. The bill for the medical bill wasn’t going to be covered by my emergency fund, I am not worried about selling my bitcoin to help my friend i am working two jobs and I am still saving. I will repeat I don’t think about big profits but consistency.

-CJay

The question is, your Bitcoin you’re talking about how long have you been investing and would selling your Bitcoin guarantee you saving the life you’re talking about, well I believe you might as well have an income and also you have emergency funds for this purpose, probably when you might have used all your emergency funds and that isn’t enough then you can also fall back to your reserved funds as well, there are people who have health insurance and that insurance could somehow cover for situations like this, but in a situation that you’ve used up all your income and emergency funds and reserved funds. Then you could start thinking about your situation of your bitcoin holdings.

Having to made due with your bitcoin and whatever profit that you might have, depending on how long that you’ve been investing into bitcoin, that should be the last option, but I still think that there are people who would prefer taking loans in situations that you’re talking about, now I would ask you a question what if you were not investing in bitcoin and you find yourself in a critical health situation or probably a relative that you urgently needed to help to save life and you don’t have any bitcoin ( pleb, no Coiner) what would you have done differently to save the person’s life.