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Author Topic: Why people dump their Bitcoins ?  (Read 9299 times)
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May 23, 2018, 10:59:12 PM
Merited by vachellie (1)
 #441

People dump their bitcoin for fear of losing their money if the price goes down. They do not think that bitcoin has a big future and because of a lack of confidence for bitcoin they throw away their bitcoin. I think they should be more patient because the price will not increase in a few days it will take longer.

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May 23, 2018, 11:21:02 PM
 #442

people dump their bitcoin because they do not want to lose more on value, I experienced that but when you know the market you will not do that again and you will prefer for the pump and have a good value/

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May 23, 2018, 11:30:10 PM
 #443

people dump their bitcoin because they do not want to lose more on value, I experienced that but when you know the market you will not do that again and you will prefer for the pump and have a good value/
But some people have no knowledge about bitcoin price because its price is sometime up and down but it dosn't matter because its again increase and more profitable, so that's why some are never dump their bitcoin because they better know about bitcoin currency.

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May 23, 2018, 11:40:02 PM
 #444

people dump their bitcoin because they do not want to lose more on value, I experienced that but when you know the market you will not do that again and you will prefer for the pump and have a good value/
But some people have no knowledge about bitcoin price because its price is sometime up and down but it dosn't matter because its again increase and more profitable, so that's why some are never dump their bitcoin because they better know about bitcoin currency.
The price changes will make others earn , keep on believing that as long as yo hold your coin your still in profit ,once you released it at reds then the game is over or you will do buy back when it dips more then its much better, it just a matter of what we will do to earn at this red days that seems normal in the market actually.

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May 24, 2018, 12:13:21 AM
 #445

In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .

Mostly people now thinking to dump there bitcoin due to panic  or in FUD situation,happen now in crypto market that all digital currency coin is  in red flags,therefore as a investor when he saw what situation the spikes data of all coins in coin market cap he began to panic and want to  secure his small amount of portfolio,in order to survive his capital,so they change it  back again to traditional currency and payback later if the situation in the block chain market back to normal.

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May 24, 2018, 02:19:24 AM
 #446

people dump their bitcoin because they do not want to lose more on value, I experienced that but when you know the market you will not do that again and you will prefer for the pump and have a good value/
Yeah sometimes price changes don't match your expectations and your hope. so many users dump on their bitcoins and expect bitcoin prices
to rise as expected. or they aim to hold and wait until they accumulate a lot of bitcoin and wait until bitcoin prices rise high

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May 24, 2018, 02:36:31 AM
 #447

There are a lot of reason why people dump their bitcoin but in my own opinion there are three major reason why they do so. First they dump their bitcoin because they are worried that bitcoin price is going down so out of panic they will sell it, 2nd is they need fiat money so no regardless of bitcoin price they have to convert it and lastly they already met the price of bitcoin that they think they already made profit so they sell their bitcoin and then wait for the price to go down and buy back.

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May 24, 2018, 03:04:07 AM
 #448

I'm sure that the main reason people dump their bitcoin because they expect prices to fall and can buy at a cheaper price, this is what happens now because bitcoin prices continue to fall but the volume of transactions continues to grow.

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May 24, 2018, 03:29:23 AM
 #449

Sometimes in life we do not have much choice, and when they have a sudden need they will sell bitcoin, this is what they see bitcoin dump they do not like to sell bitcoin.

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May 24, 2018, 03:43:41 AM
 #450

In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
They didnt dump it. They contributing in dumping bitcoin inshort we can call them dumpers too.cause they doing panic selling.they panic selling.  Things is changing now. We should learn that we should hold in every situation so we can controlled our emotions dont contribute on dumping.
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May 24, 2018, 03:44:39 AM
 #451

In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
The people who throw away the Bitcoin they have and then choose to leave Bitcoin are the ones who do not trust completely in Bitcoin. They must be panicked because the price of Bitcoin goes down and they end up selling it to avoid even bigger losses. But if they are patient a little, luck is in those who have Bitcoin. This will certainly make the price of Bitcoin down but I remain confident that the price of Bitcoin will be at its peak again.

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May 24, 2018, 03:49:05 AM
 #452

I think people are dumping his bitcoins and going away because the media reports are bad news, or some state regulation is causing them to start panicking. Last September, for example, the price of bitcoin fell sharply when China oversaw the use of cryptocurrency trading platforms.

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May 24, 2018, 05:18:44 AM
 #453

because of panic they sell their bitcoin low price,, that why btc dump, they afraid to loss more investment so they sell lower price, than the original price. But this people have not courage and patience to wait until btc going up.

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May 24, 2018, 05:38:45 AM
 #454

I think why people dump their bitcoins and walk away is because they always listen to false news and they got scared. They got brainwashed and feel that they don't have brighter future with bitcoins. They are easily wavered and doubtful, they lacked faith in bitcoins. I think when bitcoin become more successful and will be the currency of the world, then they will feel regret for leaving.
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May 24, 2018, 06:32:43 AM
 #455

There are so many reasons behind it I guess people are selling their bitcoins because the minimum profit of their investment is now fully achieve and they must sell it in order to have a profit. But if they are smart enough well they will hold it as long as possible.

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May 24, 2018, 08:19:55 PM
 #456

I think the biggest reason they dumped bitcoins was because they had trouble financially. They dump the bitcoin as quickly as possible to reclaim funds or make a profit to solve the problem they are having.

In my point of view, people dump bitcoin if they have no idea about its future or they plan to buy again after some time. as far as the later kind goes, it is pretty okay because this is how trading is done but if we talk about the former ones, they make such blunder only due to lack of knowledge. Without having a pretty good idea of what a person is into or what is ahead of him, it is impossible to survive in bitcoin market certainly.

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Haladay
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May 24, 2018, 08:42:46 PM
 #457

There are so many reasons behind it I guess people are selling their bitcoins because the minimum profit of their investment is now fully achieve and they must sell it in order to have a profit. But if they are smart enough well they will hold it as long as possible.

All the time, the same scenario. They buy it and they can't hold it. They sell it on the market for nothing, whenever dump happens, they sell their coins with cheap prices because they're not strong people.
kokorotomoto
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May 24, 2018, 08:59:46 PM
 #458

Yes! I think you are all above right. or maybe those who ditch bitcoin have no choice.
Dingdong7
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May 24, 2018, 09:05:26 PM
 #459

They dump because of panic selling and also not seeing any potential anymore is the system. One of the main factor is the mainstream media who actually disorients the people on what the cryptosystem really is. Anothet thing is that it also becomes a platform spreading fud causing the holder to react.
FIREBALL24
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May 24, 2018, 09:12:56 PM
 #460

In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ? 
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .

There are a lot of reasons for that.For me one of the reason it is because people are impatient ,they wanted to profit fast.

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