Why people sell bitcoins?

[ganlianshifu1]

People buy and sell BTC for profit!
BTC is an ideal investment plan, people profit from the transaction!
Not everyone has long held BTC, many people are enthusiastic and short - term investment!
So they often buy and sell BTC!

[Astvile]

People buy and sell BTC for profit!
BTC is an ideal investment plan, people profit from the transaction!
Not everyone has long held BTC, many people are enthusiastic and short - term investment!
So they often buy and sell BTC!

Clearly nailed it,people do sell because they have profit on that mark and they are making money through it.Its just like a real like market supply and demand.People buy people sell.Typical type of market.Selling is an option of cashing out or making money its all

[zhuiyongliang8]

The rise in prices makes it possible to sell some of the bitcoins in a short period of time, and cover all legal currency investments.

People sell because they make as much money as they do.

[virendarnagpal]

People sell bitcoin because of the following reasons;
1.  In case of need ; when he has to buy goods and / or service from the market ; in return he may pay the bill by transferring bitcoin or else he may sell it for real money; and meet his expenditure to satisfy his needs.
2.  Some other person may sell it in case of rumors of certain falls in the prices of bitcoin in near future.  He may sell with the intention of buying it later at the stage when the prices are low and thereby earning profits by doing so; i.e. selling at current higher market rates and buying at future lower rates after certain period.
3.  Some persons may sell it to purchase another crypto currency available in the market about which he thinks that the prices of the crypto to be purchased will rise in future and he will earn more  profits while buying those crypto instead of bitcoin.

[wahyu.prist]

For me the perfect time to join bitcoin, then there is no reason not to join. For a promising investment for the future of value that continues to increase sharply. Thanks

[shivakris]

bitcoin price will reduce so peoples are like to sell and there are getting bad trust on bitcoin

[jdl0930]

People makes sense to sell some of their  bitcoin if they don't want to wait years for a potentially massive payoff.

[Stigmuu]

Others sell their bitcoin..because the value is higher..they think that they earned..

[SIHIN]

The reason why people sell their bitcoin is because they need money and because the price is up and they have got their profit. So they sell it. Or may be they sell bitcoin because they afraid bitcoin will be banned in their country.

[TobyToby12]

It will come more saling at 10k price next year, so those who sale now is really too early and lose the most profit as well.There are so many reasons to sell their bitcoin. Just like if we need an expense that must be paid for money. Then sometimes the others sell it to earn huge amounts.

[JakeJake99]

who are involved into the world of crypto for a long time, sell Bitcoins as they are scared by the rapid growth of BTC. They suspect it is a trick, and very soon Bitcoin can fall down. Another reason maybe a simple need for fiat money.So for me, I'll sell them when I got minimum 30% profits from the price when I buy them. Because I'm affraid the price decreased if I kept them for a long time in my wallet.

[Louie6789]

 Somehow people get panic when the value of bitcoin going down and selling it directly unexpectedly.  But in other cities like in our area, users sells thier bitcoin because they need to buy things that they needed or they're just securing thier earnings because they afraid that bitcoin value may go down to its lowest in the time that they never expected it to happen.

[Elijah1980]

Same as when bitcoin reach to profitable stage than people sell their bitcoon.On the other side when people need money than they sell bitcoin. In result they will not patronize bitcoin or get interested to that. So in order to transact with them, you have to use fiat.

[novakamena]

People makes sense to sell some of their  bitcoin if they don't want to wait years for a potentially massive payoff.

people do not have enough money for current obligations

[xiaoyu666]

People buy bitcoin as an investment, and when they are satisfied with their investment returns, they choose to sell it.
Because now bitcoin is not legal tender, there are very few places in the world that accept bitcoin, and we can't pay it in bitcoin, so people are selling bitcoins.

[Riley678]

however it is still depends on the situation because there were still some days that you may need to spend your bitcoins in an important event or emergency situations.They sell it for profit and they don't need to hold it for longer because it is considered illegal and worst case they may receive sanctions when caught getting involved with bitcoin. In other places where bitcoin is not illegal, people do buy and sell bitcoins to maximize their profits and of course for other personal use.

[Teddy1968]

It is good question, Bitcoin is digital currency in the world. If it is determined that investing in Bitcoin is a long-term investment, it is unlikely that the exchange rate will drop during this time and sell is likely to be a loss.

[Theodore19]

here are many reasons why, first maybe they need cash in real life, or some are in panic,Most people use bitcoins as a means of investment, When a small move in price result in profit , they sell. On other hand, some people trade bitcoins for other crypto currencies which has a potential of becoming a next bitcoin.

[David454545]

This is a common scenario for ordinary people who don't own many bitcoins but i think this percentage is small compare to people who owns big bags. I'm selling my bitcoin too whenever i don't have funds to pay for something but i make sure i can buy again bitcoin as soon i earn.I think the y have less confidence in the system so they started to sell because of panic.

[rockyboy]

Well ideally bitcoin is a means of investment, but if you really need the money for whatever reason, you have to sell the coins to get some sort of fiat currency back.

True,  having a bitcoin is a form of investment  but when time comes that we really need a cash with us, we have to sell our bitcoin. But if your are rich and doesn't need a lot of money  or you have an extra cash with you, bitcoin can give us a good investment if we hold it for a long time.