Why is everybody dumping Bitcoin?

[rjbtc2017]

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?

Not only China but also influential people like JP Morgan, Dimon and other Trusted Media outlets and Agencies and Online News Websites like Forbes and many other are reasons why some people that holds bitcoin which we can assume that they are casual bitcoin enthusiasts that can be easily believe in what these big people will say about bitcoins, resulting into fears and doubts which eventually lead to cashing out.

[exstasie]

China ban over ICO has damaged the investors, as well crypto in the general with rumours about exchanges being banned as well. Besides those we have a lot traders over crypto soo several of them sold at 4800-5000 dollars and now had bought cheaper, soo besides those i dont see any valid reason to sell bitcoin at all.

The exchange ban is not a rumor; it's a fact now. I'm inclined to believe that some exchanges will be allowed to reopen with licenses, and they will be tightly controlled by the government. They may even be government-run.

I hope you're right... I hate hedging my coins. Glad to see that price rebounded nicely tonight. But I'm also hearing lots of nasty rumors about another round of action from the Chinese government -- blocking access to the P2P network and banning mining are supposedly on the table.

[TheBTCAlex]

I think people should have waited this one out without just dumping, as it may result in BTC taking a much longer time to get back up and recover its real market value. People should have learnt from previous experience that whenever there is a bearish trend in bitcoin, it is followed by a much gradual, stable and longer bullish trends.
So, instead of dumping here, people should have invested more BTC and held to ride up the later bullish trend, and thus make profits.

[Sled]

I think people should have waited this one out without just dumping, as it may result in BTC taking a much longer time to get back up and recover its real market value. People should have learnt from previous experience that whenever there is a bearish trend in bitcoin, it is followed by a much gradual, stable and longer bullish trends.
So, instead of dumping here, people should have invested more BTC and held to ride up the later bullish trend, and thus make profits.

We can't avoid those kind of dumpers of bitcoin because those people who are dumping their bitcoin are amateur investors and traders that are thinking that the price of bitcoin will continue to go down and after a few weeks, they will regret their decision because the price of bitcoin is pumping. So the lesson here is to try to understand the behavior of bitcoin so you will know what are the things to do in case of bearish market.

[Lieldoryn]

I think people should have waited this one out without just dumping, as it may result in BTC taking a much longer time to get back up and recover its real market value. People should have learnt from previous experience that whenever there is a bearish trend in bitcoin, it is followed by a much gradual, stable and longer bullish trends.
So, instead of dumping here, people should have invested more BTC and held to ride up the later bullish trend, and thus make profits.

We can't avoid those kind of dumpers of bitcoin because those people who are dumping their bitcoin are amateur investors and traders that are thinking that the price of bitcoin will continue to go down and after a few weeks, they will regret their decision because the price of bitcoin is pumping. So the lesson here is to try to understand the behavior of bitcoin so you will know what are the things to do in case of bearish market.

People will never learn to keep calm. This is very bad. At such moments the whales increase their capital in bitcoins and then it will be easier to organize the dump. I like the idea of crypto currency, but I can't do anything with what bitcoin is turning into an object for speculation. This can completely discredit the idea of bitcoin and kill it.

[supandi wiharja]

Probably from the bitcoin value factor that has been down for several days, so many people throw or sell it.
I personally keep the remaining bitcoin, because i think the bitcoin price in a few days will recover and increase.
I think in these circumstances we all do not panic and continue to hold your coins, lest you regret it later when the price goes up and you do not have any more coins.

[Jaycee99]

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?

What is dumping? Is it like trowing it away or buying more Bitcoin due China's regulation? Or like worrying to much?

[Gabz999]

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?

The people who dumped their coins are mostly the new to bitcoin or they just don't want to loose their money, seing your coins slowly geting low its too creepy if I'm new to it but its just a normal correction of its price after reaching the highest price. We have to get used to it.
Its for long time investments and not for short term.

[glowing10]

Probably from the bitcoin value factor that has been down for several days, so many people throw or sell it.
I personally keep the remaining bitcoin, because i think the bitcoin price in a few days will recover and increase.
I think in these circumstances we all do not panic and continue to hold your coins, lest you regret it later when the price goes up and you do not have any more coins.

I had sold some amount of btc as was expecting the market to fall and it did and bought it back at lower range. I did not panic and sold it but just wanted to made some profits as market was going to fall so purchased again at lower price and now its on upward movement.

I know few of the friends who had sold all whatever they had and did not even bought it and now waiting for another fall so they buy it again.

[Barcode_]

The people who are dumping their bitcoins are mostly panic sellers in the trading markets, I believe they will regret their decision in future as the price drop in bitcoin is only temporary, once the negative news from china stopped spreading for the next few months, the confidence in bitcoin would be restore, and the price will surely rise again.

[Nascor]

China is slowly taking down exchanges and wants to regulate cryptocurrencies more, negative comments from respected investors about BTC are influencing price as well

people are afraid of losing their entire investment and so they sell. If you can't afford losing what you're putting up on the crypto market don't invest in the first place

[oegarod]

The people who are dumping their bitcoins are mostly panic sellers in the trading markets, I believe they will regret their decision in future as the price drop in bitcoin is only temporary, once the negative news from china stopped spreading for the next few months, the confidence in bitcoin would be restore, and the price will surely rise again.

Yes, the panic sellers are the one who are dumping their bitcoin holding. This has been a big opportunity for the whales who already have a good volume of bitcoin, because they use it as an opportunity to earn big as growth with digital currency is assured.

[FrueGreads]

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?

Those who are in bitcoin for pure trading purposes and profit, and don't really understand the value BTC could bring to society, since they really represent the necessary update that traditional currencies need, will of course sell and react to these panic sells. But for those that live in China, I guess I understand their reaction, since China is well known for it's strict rules. If China decides that BTC will be illegal there, it will be hard for them to keep it I guess, so they sold them. Of course that for those that don't live in China, I don't think they should panic sell just because the price changed. I know I'm not selling mine, because I believe in them.

[zarados]

This is different case, the china want to banning Bitcoin and all the exchanger will be closed down, with that situation the investors from China will have difficulty to exchange crypto currencies, 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, so most of the dump is coming from China investors

 I've heard that thw goverment of china are seriously declare a war againts cryptocurrency. They already ban ICo and indirectly ban bitcoin after the goverments anounce to close exchange on china. There is also a rumors that china will block everything that having a relation to cryptocurrency, IP, VPN and others. Because of that, I agree that most of the dump is coming from china based on the possibility will become difficult to cash out their cryptocurrency if the goverment plans already happen. So they dump it immediatly.

[Palmerson]

This is different case, the china want to banning Bitcoin and all the exchanger will be closed down, with that situation the investors from China will have difficulty to exchange crypto currencies, 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, so most of the dump is coming from China investors

 I've heard that thw goverment of china are seriously declare a war againts cryptocurrency. They already ban ICo and indirectly ban bitcoin after the goverments anounce to close exchange on china. There is also a rumors that china will block everything that having a relation to cryptocurrency, IP, VPN and others. Because of that, I agree that most of the dump is coming from china based on the possibility will become difficult to cash out their cryptocurrency if the goverment plans already happen. So they dump it immediatly.

You give up a good income? The Chinese will never give up on such income. They will transfer their money to other countries and will earn on other exchanges. The miners will move the equipment to other countries. It is not difficult. Such a decision affected only China.

[ActiveP]

They can dump all they want, it wont make a long term difference. With huge positions, even the swings we see lately will cause margin calls. The smart ones will make money, provide liquidity, and help stabilize the market.The unlucky ones will lose money and reduce market stability.

[BossMacko]

I didn't dump my Bitcoin, I always holding most of my Bitcoin and just cashing out 1/4 of it everytime. Others are dumping Bitcoin because they are afraid that Bitcoin will not get back up, they are afraid when they saw Bitcoin is falling and never thought that it might go up again. As for me i've been in their shoes before when i was still new in Bitcoin.

[djsugar]

Here in your poll you can easily see that the majority didn't dump their Bitcoins during recent depreciation of value. Although the poll is at very small level. But in actual also majority didn't dump their Bitcoin. Only those who doesn't understand Bitcoin and its potential are the one who paniced and sold their Bitcoins. Mostly the pump and dump was driven by bulk holders recently. The minor correction was scheduled to happen after $5000 point. But the correction went major because of China's ICO ban and then Jamie Dimon speech.

[bamboylee]

Let the newbies dump their bitcoin during FUD. While they dump, you buy their bitcoins. I am in bitcoin for long term. I do not care if it dips once in a while because in the long run it will be pumped and reach new ATH.

[wowanstrong]

I did not sell my bitcoin since I'm sure it's a temporary panic. While newcomers are selling their coins cheaply they can be bought and then it is good to earn when the price grows high enough.