Why people sell bitcoins?

[Vendetta666]

There are many ways why people sell bitcoin As of now, many of the sellers of bitcoin sells their bitcoin because the price of bitcoin is very high and they sell in their currency. But for now many have invested in bitcoin because they know they will earn a lot of money on bitcoin. And so far the price of bitcoin has reached $ 20000 but it has dropped because many sells their bitcoin.

[greatfariola]

If their respective target price is reached, they sell. Some people just need some money to spend which is why they also sell.

[Ico Friends]

For my opinion the people sell bitcoin because every days newspapers talk very bad about this cryptocurrency.

[Geemy]

i think many reasons to sell bitcoin , one of them and the most important is ' need money '
and the second is scary .

[faycel96]

there is two type of trader in cryptocurrency world people invest for long term hold bitcoin they dont sell bitcoin , and people invest for short term they sell bitcoin when get some profit .

[Melodimayy]

People would sell bitcoin because of need for themselves. If they already have nice profit or when they're urgent need that make people sell their bitcoin

[Sk2517]

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.

People buy coins. Make more coins from them. N when they need money for whatever use. They get changed the coins into cash

[Olena9797]

I have no idea. The only way i understand if people need some money right now. Its too stupid to sale something increasing so fast

[Skieleton]

It's very simple, people buy Bitcoin at the same price, and then sell it at a higher price, and this improves their financial status.

This is very different. We do not really know how BTC will behave. If you do not think you can lose a lot ...

[kuberayt]

People who post about "never sell" "forget about fiat currency" etc. never realize that you need to have a healthy balance. You CAN pay for the bills with BTC, but it's more difficult currently. Will it always be like this? No. But currently, it's best to have at least a few thousand dollars in the bank and the rest in crypto.

[anume123]

Why they sell some of bitcoin?

Because they need to buy some things or pay some bills or needed in school etc. One of us they don't know why because we have a onw life to manage.
But me im not selling my bitcoin because of the value in this end of 2017 so im going to saved it long last for what ever do.

[Funeral Wreaths]

It is easy for people to sell bitcoin because they think bitcoin has come to its own psychological level and think bitcoin is expensive and not suitable for holding.

yes you have a point, but i think for some reason why do people sell there bitcoin it's because of the financial problem and our daily needs is very expensive as of now, that's why they sell it in order to finance not only for thereselves but also to there family.

[kyori]

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

You nailed it, we sell bitcoins because of profits and keeping it is a huge advantage in a long term due to increase of price. But I do suggest that only sell your bitcoin when you need money because you will profit more in holding

[radjie]

there are several factors why you sell bitcoin, that is because bitcoin prices are rising then you sell the bitcoin you have in order to get a lot of profit and you can buy it back when bitcoin prices start to fall. there is also a reason why you are selling bitcoin to meet the economic needs for everyday life as most people participate in this bitcoin to earn more income in order to improve the economy in his life

[dvillier]

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

You nailed it, we sell bitcoins because of profits and keeping it is a huge advantage in a long term due to increase of price. But I do suggest that only sell your bitcoin when you need money because you will profit more in holding

Some people sell bitcoin for their needs, while some sell bitcoin for generating some income, such people buy bitcoin and hold them for a time , when the value of the bitcoin raised from the level they buy the sell bitcoin and think that they have earned some money and they are. But in fact they lose some money also because if they hold the bitcoin for a long time they would earn high benefit with bitcoin.

[Toha2013]

People sell their bitcoin because they need money or they want to keep their saved bitcoin in them or Bitcoin is sold if a person's money is needed or if his present value feels him fit.

[camito]

Some people sell their bitcoins to convert it to fiat money for whatever purpose/reason, some also sell bitcoin for them to make profit and for them to buy more bitcoins in times when it decreases its price and hold it to wait for it to increase it's price.

[HodlingCrypto]

I have no idea why people are even trying to get into Bitcoin without being patient or knowing the risk. Bitcoin isn't old so there is some kind of uncertainty among well-known investors and governments which don't know whether or not they should ban Bitcoin.

[androidr]

A cryptocurrency like bitcoin can be use to any kind of online transactions if the holder need to sell it. When bitcoin price is high maybe after several all-time highs, people has the tendency to sell it to make profit. The of incoming crash might also cause them to sell or convert bitcoin to another currency

[Scor1937]

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

I guess, most of the peoples sell bitcoins to cover their looses. We can now see many huge old investors who have a good amount of money invested into bitcoins. Surely bitcoins is making such peoples rich enough to secure their future and also i don't think any serious investor can sell bitcoins now atleast below 20,000$.