Need cash but hate deciding which crypto position to cut I…
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Need cash but hate deciding which crypto position to cut
I need some cash for recent family expenses and an upcoming move, and I'd rather not put everything on a credit card. The timing just feels awful because I wasn't planning to sell anything right now.
Most of my BTC and ETH are part of my long-term holdings, and I try not to touch them unless it's for a major expense. The last time I sold any was to help pay for a car.
I also have a much smaller perpetual futures position that I opened a few weeks ago, but it hasn't reached the profit level I was hoping for. Now I'm stuck deciding whether to close that position or sell a small portion of my long-term holdings instead.
Looking back, I definitely wish I'd kept a larger cash emergency fund instead of being in this position.
For those who've had to raise cash unexpectedly, how did you decide what to sell? Did you protect your long-term investments and close shorter-term trades first, or did you take a different approach?
#cryptocurrency
source
I need some cash for recent family expenses and an upcoming move, and I'd rather not put everything on a credit card. The timing just feels awful because I wasn't planning to sell anything right now.
Most of my BTC and ETH are part of my long-term holdings, and I try not to touch them unless it's for a major expense. The last time I sold any was to help pay for a car.
I also have a much smaller perpetual futures position that I opened a few weeks ago, but it hasn't reached the profit level I was hoping for. Now I'm stuck deciding whether to close that position or sell a small portion of my long-term holdings instead.
Looking back, I definitely wish I'd kept a larger cash emergency fund instead of being in this position.
For those who've had to raise cash unexpectedly, how did you decide what to sell? Did you protect your long-term investments and close shorter-term trades first, or did you take a different approach?
#cryptocurrency
source
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