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Title: Why do people sell all of their coins in one transaction? Post by: IsaacGoldbourne on November 08, 2013, 10:11:08 AM I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?
Just my couple of satoshi Title: Re: Why do people sell all of their coins in one transaction? Post by: Come-from-Beyond on November 08, 2013, 10:16:01 AM I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days? Just my couple of satoshi U'd better ask why they sell them at all. Title: Re: Why do people sell all of their coins in one transaction? Post by: lumierre on November 08, 2013, 10:21:13 AM I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days? Just my couple of satoshi Either they are 100% sure that the price will fall at that moment or they are already contented with the value of their coins at prices at or even lower of that of the current price. Title: Re: Why do people sell all of their coins in one transaction? Post by: Krikke81 on November 08, 2013, 12:59:56 PM Either they are 100% sure that the price will fall at that moment or they are already contented with the value of their coins at prices at or even lower of that of the current price. [/quote] I agree, some of them are day/week-traders trying to buy low and sell high. Also they tend to shift from BTC to LTC when one is more volatile than the order. It similar to trading stocks, trading BTC is not so different in that sense and hence very emotional! Personally daytrading gives me an adrenaline rush, especially when your winning. But I tend to play low stakes and definitely not risk it all. ;) Title: Re: Why do people sell all of their coins in one transaction? Post by: Noruka on November 08, 2013, 03:11:05 PM I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days? Just my couple of satoshi some people are buying bitcoins not for the idea or concept but to make a profit. someone with...say a 10% gain strategy will sell at 10% no matter how far it may climb or fall. When they see a technical support they may buy all in and wait for another 10%. They want fiat not bitcoins i know because i used to do that and did well. I am in the bitcoin camp now though, Its not worth release my coins to fiat anymore. Title: Re: Why do people sell all of their coins in one transaction? Post by: pletharoe on November 08, 2013, 04:05:40 PM You're right that selling large sums at the same time will affect the market, however to make a significant change to the price a VERY large sum will have to be sold (I'm guessing many thousands of BTC, but could be wildly wrong).
The people who are entrusted with such large accounts are (on the whole) very savvy and know exactly what they are doing. Market manipulation has been around for a long time and can be used to short a stock by dumping stock (in this case BTC) and causing everyone else to panic sell. Hopefully the cost of selling the stock initially can be recouped by the profit from the short. The rest of us can only dream about having enough cash to be able to manipulate the market. Title: Re: Why do people sell all of their coins in one transaction? Post by: findftp on November 11, 2013, 01:12:54 AM And it grows faster when you buy high and sell low and repeat. I always wondered what I did wrong. In the end I figured I'd better keep my coins and stop trading. |