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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 3127 times)
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April 23, 2018, 11:28:11 AM
 #201


yeah without volatility, I am not sure that we could make any profit at all and I think there are not too many people that could stay in the cryptocurrency. but if the volatility still exists, we can have a hope so we can make a profit and we can do this over and over again. people selling their bitcoin is only because they cannot hold their bitcoin for a longer time and they don't see that the bitcoin can increase in the future so they decide to sell their bitcoin to get their money's back but unfortunately, their money will decrease too.


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yeah without volatility, I am not sure that we could make any profit at all and I think there are not too many people that could stay in the cryptocurrency


of course we can still make a profit even if without the volatility because there are lots of jobs online that pays in bitcoin and they dont actually need a capital in order to start however you only need to offer your time and patience as a form of capital in order to do the task.

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people selling their bitcoin is only because they cannot hold their bitcoin for a longer time and they don't see that the bitcoin can increase in the future so they decide to sell their bitcoin to get their money's back but unfortunately, their money will decrease too.

no ,thats not true. People only sell bitcoin because they need the money. that is the main reason why people do sell their bitcoins and not because they are impatient or cant hold any longer. Selling your bitcoins does not really mean you will loose because almost all the people who sell their coins are always earn a profit .

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April 23, 2018, 12:01:23 PM
 #202

Most of those who dump bitcoin because They are afraid of bitcoin price drops and they are afraid of losses, but it's only a country trick that disagrees with the bitcoin and they provoke the bitcoin price down so there is no demand anymore.
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April 23, 2018, 12:01:46 PM
 #203

Fall in the price is the major reason because of which people are dumping bitcoin.But i must say that they are taking this decision without even thinking.Everyone knows that bitcoin is virtual in nature.Ups and downs in prices are very common.People start to panic when they feel that the prices are falling, they just think  instead of waiting and holding bitcoin for more so long is of no use time so they sell their coins at very less rate which in return results in dumping of bitcoin.This is not a solution.Just think twice before making such a wrong decision.Have some patience,bitcoin is never going to end .Prices may fall or rise as its the nature of bitcoin.Have faith in bitcoin.


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April 23, 2018, 12:31:19 PM
 #204

I don't believe, everybody dumping their coin because of panic situation,  Traders are knowledgeable enough because this is reoccuring scenery. Perhaps because of some emergency cases which let them push to dump their coins. In my part, If im going to dump the coin, I lost the opportunity since the value have the capacity to pumps up and earn good profit.. I prefer to wait until it reaches my target:)
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April 23, 2018, 01:28:27 PM
 #205

Although Bitcoin is the 1st coin, but it doesn't have potential to increase as much as other coin. If Bitcoin go down, they will lose many money. So the problem is Bitcoin's risk. No one can predict the Bitcoin price in the future (it's not product of company or individual, it can be only affected by Government). Buying Bitcoin more like gambling than investing. It's easy to understand why people want to sell it. Their reason is really reasonable. We can't blame them for it.
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April 23, 2018, 02:08:48 PM
 #206

I think this is not a good time to sell them. By the end of May this market will be thriving. It's time for you to sell what you have. But if you are profitable then you can sell it. This is a safe but less profitable way.
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April 23, 2018, 02:10:32 PM
 #207

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 price is depending on the supply and demand on the market but since there are different news and articles then people are worrying about the future and some of them tend to sell their coins at the lowest price or hold their coins depending on their thoughts about the growth of cryptocurrency.
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April 23, 2018, 02:35:38 PM
 #208

I don't believe, everybody dumping their coin because of panic situation,  Traders are knowledgeable enough because this is reoccuring scenery. Perhaps because of some emergency cases which let them push to dump their coins. In my part, If im going to dump the coin, I lost the opportunity since the value have the capacity to pumps up and earn good profit.. I prefer to wait until it reaches my target:)
The psychological challenge is not easy to overcome, although we know this scenario is a very common thing when big traders want to accumulate and buy bitcoin at a low price but the fear still exists and makes us very nervous, the psychology that is not strong enough will be easy to panic and sell. Many people dump bitcoin is a very normal thing, they just want to get rid of the psychology they are facing, from those people, the market generates butterfly effect, prices are constantly falling and falling, this is a trap too simple but hard to pass.

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April 23, 2018, 03:58:59 PM
 #209

People are getting rid of bitcoin because they do not do the analysis properly for bitcoin in the future. They just panicked with a moment's state without thinking about the impact, they lose a lot of money, they're sorry about what they do. At a time when market conditions like that the most secure step is to keep hold of bitcoin and wait for the price to rise.

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April 23, 2018, 04:13:26 PM
 #210

I don't believe, everybody dumping their coin because of panic situation,  Traders are knowledgeable enough because this is reoccuring scenery. Perhaps because of some emergency cases which let them push to dump their coins. In my part, If im going to dump the coin, I lost the opportunity since the value have the capacity to pumps up and earn good profit.. I prefer to wait until it reaches my target:)
The psychological challenge is not easy to overcome, although we know this scenario is a very common thing when big traders want to accumulate and buy bitcoin at a low price but the fear still exists and makes us very nervous, the psychology that is not strong enough will be easy to panic and sell. Many people dump bitcoin is a very normal thing, they just want to get rid of the psychology they are facing, from those people, the market generates butterfly effect, prices are constantly falling and falling, this is a trap too simple but hard to pass.


I agree with you man, even with the fact that most of the investors in this industry knows that even when prices crash, it will go back up with just a single move from the biggest whales out there that holds a huge amount of bitcoins some of us still panic sells. And the reasons for every person varies. Some do it just because they can't take the big losses and the negative what ifs in their minds, while some have emergencies that would need to have huge amounts of money while others do it just because they get carried away with the fud and loses trust on their own decisions. It is just sad that this happens a lot mostly on small investors that are commonly investing funds that they cannot afford to lose because of the hype and emotions taking over.

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April 25, 2018, 07:45:43 AM
 #211

Fall in the price is the major reason because of which people are dumping bitcoin.But i must say that they are taking this decision without even thinking.Everyone knows that bitcoin is virtual in nature.Ups and downs in prices are very common.People start to panic when they feel that the prices are falling, they just think  instead of waiting and holding bitcoin for more so long is of no use time so they sell their coins at very less rate which in return results in dumping of bitcoin.This is not a solution.Just think twice before making such a wrong decision.Have some patience,bitcoin is never going to end .Prices may fall or rise as its the nature of bitcoin.Have faith in bitcoin.
Those who are dumping at the moment are just losing a big chance of becoming a millionaire after some time. Bitcoin is expected to touch 30k dollars in the least by the end of this year and it would be near 1 million dollars after 2 or 3 years. Selling out is an action done by people who have shallow understanding of bitcoin and get afraid from downfalls because they have no idea about its future.

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April 27, 2018, 11:44:26 AM
 #212

Fall in the price is the major reason because of which people are dumping bitcoin.But i must say that they are taking this decision without even thinking.Everyone knows that bitcoin is virtual in nature.Ups and downs in prices are very common.People start to panic when they feel that the prices are falling, they just think  instead of waiting and holding bitcoin for more so long is of no use time so they sell their coins at very less rate which in return results in dumping of bitcoin.This is not a solution.Just think twice before making such a wrong decision.Have some patience,bitcoin is never going to end .Prices may fall or rise as its the nature of bitcoin.Have faith in bitcoin.
Those who are dumping at the moment are just losing a big chance of becoming a millionaire after some time. Bitcoin is expected to touch 30k dollars in the least by the end of this year and it would be near 1 million dollars after 2 or 3 years. Selling out is an action done by people who have shallow understanding of bitcoin and get afraid from downfalls because they have no idea about its future.

Not everybody are dumping bitcoin, I think some people or to those who didn't  know about bitcoin, maybe they dont like the campaign  or what bitcoin is. They think it is a scam or so many negative feedbacks they know. But to those who realy believe what bitcoin is are very lucky and maybe will be a millionaire  someday.
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April 27, 2018, 12:18:48 PM
 #213

I think not everyone does it, only people who may panic and fear that definitely throw bitcoin. If they have a little patience and dare to take a more certain risk they will not get rid of bitcoin.
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April 27, 2018, 12:30:36 PM
 #214

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 why so many people dump their coins cause the market just going up so fast and people are afraid too lose their money and they afraid that, there will be another big crash that happening in quarter 1 of this year and there is a fud that said mt gox willdump his coin and will make market crash. But i heard that mt gox are prohibited to sell his coin so this is really make people scare.

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April 27, 2018, 01:41:53 PM
 #215

People who ditch bitcoin because of unwarranted concerns. They are less confident of bitcoin and respond to news that corners bitcoin. If I personally will not waste my bitcoin anytime, because I'm sure bitcoin will continue to exist and the price will soar if we try to always be patient.

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April 27, 2018, 01:57:45 PM
 #216

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?

Because they don't know the market falling is very normal. And they needn't be panic. Overcoming yourself is the true success. Bitcoin has existed for 7 years. So it can't easily die. People who are dumping their coins are mostly beginner. They don't know how strong the bitcoin is. Thanks to people like this, the whale can easily manipulate the market Undecided Undecided Undecided


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April 27, 2018, 04:37:27 PM
 #217

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?

Mostly those people feel panic and under-pressure who invest on bitcoin and altcoin more than budget or big capital. Then it is normal they feel panic. But main reason is that if anyone buy bitcoin in above $15000 and now you could see bitcoin is under $10000, then it is such a panic situation for him. But being a good trader we should face this dumping with patience.



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allohha
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April 27, 2018, 04:51:39 PM
 #218

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?

Mostly those people feel panic and under-pressure who invest on bitcoin and altcoin more than budget or big capital. Then it is normal they feel panic. But main reason is that if anyone buy bitcoin in above $15000 and now you could see bitcoin is under $10000, then it is such a panic situation for him. But being a good trader we should face this dumping with patience.
Of course, if Bitcoin rises to $ 15,000, then it will be a very positive growth. But it's a bit disappointing for me, as I've already seen the maximum price for Bitcoin around $ 20,000. I want to see the best growth before the end of 2018.
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April 27, 2018, 04:52:32 PM
 #219

Selling to make a profit. average pulling profit from the bitcoin. so people sell to make a profit and start getting it back when the price is low.and will most likely re-buy to get a profit back

 
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April 27, 2018, 04:56:02 PM
 #220

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 price today is increasing again and it was a very good sign because it only means that bitcoins this year might really reach the price of $50k dollar before 2018 ends since most of the speculations is saying the same thing.

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