Re: When emergency hits. Will you sell your bitcoin or borrow and keep holding?
by on 15/12/2025, 18:18:48 UTC
I guess you are able to do this sir because you have a job that is bringing you alot of income from it and I also guess that it is because you are disciplined enough that you are able to save your money in fiats aside from the bitcoin savings too and it makes send that way.
People who do not have a high paying jobs might be handicapped in trying to save their money in both fiats and crypto due to the money not enough, but some people are also not disciplined to save their money in both ways and it is very advantageous to do so, because you get to touch your fiat first without having to touch the crypto until when the fiat has been exhausted an the emergency still needs more attention then you get to touch just a little from it to augment or you might not even need to do such if your fiat was able to settle the bills.
Well not exactly; I wish. Life has gotten a lot more expensive the past few years, and not having your own house and renting is a pain in the ass for the wallet. My money (from salary in fiat currency) is relatively stable throughout the year, not gaining much but not losing either, which if it wasn't for my Bitcoin savings, would require lifestyle changes. I've considered it a few times to sell a small amount of Bitcoin to cover emergency expenses, but that thought never went through.People who do not have a high paying jobs might be handicapped in trying to save their money in both fiats and crypto due to the money not enough, but some people are also not disciplined to save their money in both ways and it is very advantageous to do so, because you get to touch your fiat first without having to touch the crypto until when the fiat has been exhausted an the emergency still needs more attention then you get to touch just a little from it to augment or you might not even need to do such if your fiat was able to settle the bills.
I could save in both if I wasn't for my travelling, but I don't regret a thing. Hopefully one day in the distant future, I'll sell my Bitcoin for a major profit, till then, my goal is to accumulate.