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Question: Did you dump your Bitcoin?  (Voting closed: October 14, 2017, 11:16:58 PM)
Yes - 2 (4.1%)
No - 46 (93.9%)
Not sure what to do - 1 (2%)
Total Voters: 49

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Author Topic: Why is everybody dumping Bitcoin?  (Read 3326 times)
Dwarf42
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May 18, 2018, 10:23:00 AM
 #261

I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
We can see that after the bitcoin price hit $ 19800, it immediately fell sharply and had a down time of more than 70% of its value. So I think that when the price drops bitcoin so will appear psychological fear from the investors and they started to flee the market by selling bitcoin. Bitcoin prices have also led to a drop in altcoin and the market has fallen into recession. You can see that in recent days bitcoin prices are showing signs of recovery. According to my analysis, this is just up trend in the term, in terms of long-term bitcoin prices are still in the bearish cycle.
PIR
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May 18, 2018, 11:06:10 AM
 #262

They dumb bitcoin for reason of wanting to lower bitcoin and once it lower they will buy it in cheaper price and then when other pump that  coin and it reach good value they will buy it and then they will have good profit out of it...sometimes also out of panic they sell their bitcoin and others pump it.

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May 18, 2018, 02:03:12 PM
 #263

panic situations are the only reason for the people to sell their bitcoin and it makes the price is down too deep. many people are not ready to see the price is down so they sell bitcoin by instant mode but I think there still many people that don't attract to the same things and they can hold their bitcoin until the price is back to increase again.

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May 18, 2018, 02:10:10 PM
 #264

It's been several months since this was posted and a lot of dumping has occured. Bitcoin's sudden gain of market value attracted a lot of investors, but since bitcoin declined its market value, a lot of knowledgeless investors panicked they sell it to avoid further money lose.

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leavefifa
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May 25, 2018, 03:24:16 AM
 #265

Bitcoin has a lot of fluctuations in 2018 that investors can not expect. There are a lot of positive predictions that have been made, but not many predictions are true, even if they are predictions by big players. The increased risk profile of investing in Bitcoin has made investors feel anxious and frustrated. They found that the return on investment in Bitcoin was not what they expected. And they decided to sell Bitcoin.
zhuiyongliang8
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May 25, 2018, 03:27:59 AM
 #266

When China began to regulate the encrypted currency trading platform last September, it meant that all Chinese users would not be able to trade the encrypted currency, so everyone was dumping it.

But it turned out that the decision was wrong, and bitcoin prices recovered in a month and began to rise sharply.
leavefifa
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May 25, 2018, 03:28:16 AM
 #267

They salve the coin from the price that will damage the market.
Panic selling or dumping is the factor that makes the price plummet better to wait for the price to go up.
Bitcoin investors at this time are not strategic investors, they are surfers on the Cryptocurrency market.
They will simply buy Bitcoin at a low price, waiting for the high Bitcoin prices will sell the difference. If the time they keep Bitcoin is too long, they will take advantage of selling Bitcoin to recover the capital. That's how Bitcoin traders usually do.
spyerf
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May 25, 2018, 03:46:54 AM
 #268

I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
I think that only newbies are dumping their bitcoins due to panic.Its a regular reaction by newbies to such critical situations.But i think that most of others are just shorting by selling their bitcoins at today's price and they fully hope that bitcoin price would go down more so that they could once again buy more bitcoins at cheap price.They have clear knowledge that bitcoin price would rise after some time.This is not panic slling and this is termed as shorting.

that's right, smart people look for opportunities and take advantage of the profit opportunities made by the panicked beginners. and for them it's time to double the bitcoin that will be followed by the added value of sales over time.
anavir
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May 25, 2018, 03:57:18 AM
 #269

I don't think everybody is dumping their bitcoin.Maybe some but only those who are panicking about the price that goes down.But me and my family are holding it because we know that dumping and pumping is bitcoin's characteristic.

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PETMALU11
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May 28, 2018, 02:15:07 AM
 #270

Because they feel that if they got a lot of bitcoin maybe this is the chance to have a high profit when it comes the bitcoin price pump, Increasing in price scared people and the risk is high because price may decrease at any time in point.
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May 28, 2018, 02:38:47 AM
 #271

they dump arguably panic or follow-up with other users associated with falling global market prices, this is a common issue but it is actually benefited by traders or investors because now is the right time to buy. if you look at the current market price, the price is far from standard stable prices, this means that something is happening out there that shakes the market price.
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May 28, 2018, 02:46:27 AM
 #272

Because of Chinese government regulation, the price of bitcoin has fallen very fast. So people are dumping bitcoin.

But more than a month later people realized how foolish it was to sell at low prices.
Pinoyfan
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May 28, 2018, 02:48:01 AM
 #273

I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
No it doesn't everyone is dumping bitcoin. Those fool are selling their bitcoin cause they think that bitcoin will become useful. Many people are still holding their bitcoin cause they know that bitcoin will comeback because it still striving. I wish that bitcoin will recover easily cause It is very important for us
Rizki_ct
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May 28, 2018, 03:51:35 AM
 #274

There's no good reason to sell Bitcoin, I think the big volume of bitcoin sell-off is coming from China and the rest are coming from amateur traders.So like it or not they were forced to sell the coin because it will be very troublesome to exchange crypto currencies with Fiat in the future, The only advice which can be given is don't panic, keep patience and hold until prices improve.
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May 28, 2018, 03:55:25 AM
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 #275

I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
They threw Bitcoin out of panic as Bitcoin's price declined at the time. Their panic that eventually sells Bitcoin in order not to lose even more. Especially now there are many countries that prohibit the use of Bitcoin and cause the price of Bitcoin decreases. Surely investors will be more frantic again with the growth of Bitcoin. Yes even now the price of Bitcoin has started to improve and hopefully so will be like this.
LieTOme
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May 28, 2018, 04:29:13 AM
 #276

They are influenced by the news and also despair of the declining price. because trust is an important thing that should not be used for the benefit of one party. news can be manipulated by people to gain the benefit of people panic
nur rochid
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May 28, 2018, 04:38:59 AM
 #277

They are influenced by the news and also despair of the declining price. because trust is an important thing that should not be used for the benefit of one party. news can be manipulated by people to gain the benefit of people panic
besides that there are also traders who deliberately sell large amounts of bitcoin in order to get the price down and they can buy it again in large quantities as well. it aims to find a lot of profit
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May 28, 2018, 04:43:52 AM
 #278

They are influenced by the news and also despair of the declining price. because trust is an important thing that should not be used for the benefit of one party. news can be manipulated by people to gain the benefit of people panic
besides that there are also traders who deliberately sell large amounts of bitcoin in order to get the price down and they can buy it again in large quantities as well. it aims to find a lot of profit
that's good strategy from that traders.hodling and holding will not make our balance, we must do something that maybe for other people it make them panic.dumping in order to rebuy in dip is best thing to do.

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