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Author Topic: Why people sell bitcoins?  (Read 9876 times)
lucas.zimmer
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December 29, 2017, 08:34:13 AM
 #781

people think that bitcoin has reached the peak of its value but does not realize that it is necessary to wait for the price to rise and then sell
Bitcoin price going to more high so that's why everyone sell bitcoin and maybe they need some money for family , so bitcoin can fulfill everyone's desire and they live in comfortable life, that's why government will legalized this forum by its price and its uses because bitcoin is not illegal currency, it is a best part time job for those who want to earn some extra money for their future and family.

It is a bit more complicated than that I think. There are two kind of seller. First kind is selling little percentage when price goes high to make some money. Second kind is selling majority of their portfolio when price drops. These are selling because of fear.

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December 29, 2017, 08:34:25 AM
 #782

Bitcoin is quite scary for governments because they usually get along well with the banks, so bad news always come out and people panic and sell. This, however, can't remain this way because people worldwide are still interested in bitcoin so I think it will continue to grow
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December 29, 2017, 09:22:23 AM
 #783

Cause not all people have ability to hold bitcoin. For example me. I hold bitcoin for special purpose. And will sell it, when it will be enough.
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December 29, 2017, 09:48:42 AM
 #784

People sell their bitcoins for their financial needs and wants. One reason also is that for them to help their families who don’t have enough income to support them. Some people sell them for profit, to have higher value in return.
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December 29, 2017, 09:55:58 AM
 #785

People sell their bitcoins for their financial needs and wants. One reason also is that for them to help their families who don’t have enough income to support them. Some people sell them for profit, to have higher value in return.
I think those are the main reason why people sell their Bitcoins; in our daily lives, we have our daily needs and wants so we need to have a cash and selling Bitcoins will make you gain fiat money. Also, people sell their coins when the value increases; when it it does, it will be a good opportunity to earn or doubled their investment. This will make their profit an ideal one.

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December 29, 2017, 10:02:53 AM
 #786

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.
Some people sell bitcoin because of their need of money and one thing when they have already have profit with bitcoins and they think that profit is enough for them so they will decide to sell their bitcoins.
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December 29, 2017, 10:26:05 AM
 #787

Some people sell bitcoin because of the following reasons like some of them want to invest in other coins and some of them want to sell bitcoin at a high price to make some profit. While some of the people want to make some cash instead of digital money so they sell their bitcoin bitcoin in the exchange and fulfil their need. Those who want to invest their bitcoin into Litecoin or Dogecoin or they may invest in Ethereum they are intelligent and they are profitable in the future.

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December 29, 2017, 10:45:13 AM
 #788

Bitcoin has crossed $19600 in this month, and after that dropped upto $14000 mark. Bitcoin is falling because its supply is more than its demand. Investors are selling bitcoins. Bitcoin is such a valuable currency, it has bright future still people are selling bitcoins. Bitcoin is the most liquid asset; whenever people need money people prefer bitcoins. Some people need money for some emergency and unexpected events.  Some are bitcoin traders the buy and sell regularly. Some have profit targets in their mind, whenever this price target his they sell bitcoins and book profit.
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December 29, 2017, 10:47:32 AM
 #789


Bitcoin may have many reasons to sell.Because Bitcoin prices are increasing day by day,Maybe many of them have bought at a lower price, they are now selling at higher prices.Many people have the desire to keep the Bitcoin but need for money Selling it.Those who are associated with the transaction are also buying at low prices and selling at a higher price.I think this is the only reason to sell Bitcoin.

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December 29, 2017, 10:49:15 AM
 #790

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.
People also in our place sell their bitcoin immediately because they concentrate on cash rather than on holding bitcoin. Maybe because they have lack of knowledge on trading and invetsing bitcoin. Most of us here, join bounties then trade their tokens to bitcoin then into cash.

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December 29, 2017, 10:50:13 AM
 #791

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.

People sell bitcoins to cash put what they have invested. They want to convert what they have put into cryptocurrency and turn it into paper money so that they would be able to yse it into an endeavor in their life. This pretty much sums up trading in bitcoin

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December 29, 2017, 10:50:43 AM
 #792

people sell bitcoin because they already get the benefits they expect and maybe when the price suddenly goes down and they do not want to lose, so they immediately sell bitcoin
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December 29, 2017, 11:05:29 AM
 #793

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.

well thats good for you if you constantly sell your bitcoins to get a profit but did you know most countries and people in the world are infact dont sell their coins immediately because they sees a big potential in bitcoin especially in the form of investment . 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.
in my case as of now im planning to hold still my coins up until it reaches again in a 19 to 20 thousand dollar level on order for me to recover my loss of  my invested capital and make a profit at the same time.
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December 29, 2017, 11:42:16 AM
 #794

There are 3 reason behind people seling their bitcoin. (1) some people sell their coin due the Christmas in other to have the require money they needed to buy some stuff for Christmas (2) some people swap their bitcoin for altcoin due to trading (3) some people thinking they have make a enough profit and they are scared to loose in the end due to the false news posted online saying people buying bitcoin should be prepared to lose their money.

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December 29, 2017, 12:23:04 PM
 #795

In your case because your government banned it. 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.

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December 29, 2017, 12:26:10 PM
 #796

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.
People also in our place sell their bitcoin immediately because they concentrate on cash rather than on holding bitcoin. Maybe because they have lack of knowledge on trading and invetsing bitcoin. Most of us here, join bounties then trade their tokens to bitcoin then into cash.
Well in my case I personally prefer convert my bitcoin into fiat which is I left of almost 1-2 btc in my wallet. Its because I'm afraid for some unexpected things that would happen which is its possibility is not far to happen since its a part of a world of digital. And I consider that hacker is fully alert though every time I make sure that my wallets are secured.
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December 29, 2017, 12:30:07 PM
 #797

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.

People sell bitcoins to cash put what they have invested. They want to convert what they have put into cryptocurrency and turn it into paper money so that they would be able to yse it into an endeavor in their life. This pretty much sums up trading in bitcoin
Well i think people are selling bitcoins due to this holiday season that comes which is paper money is truly needed in this type of occasion. We can't blame them because we all also experience that this season is considered to be one of the season which we spend so much money for gifts, foods and many more.
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December 29, 2017, 12:35:33 PM
 #798

There are 3 reason behind people seling their bitcoin. (1) some people sell their coin due the Christmas in other to have the require money they needed to buy some stuff for Christmas (2) some people swap their bitcoin for altcoin due to trading (3) some people thinking they have make a enough profit and they are scared to loose in the end due to the false news posted online saying people buying bitcoin should be prepared to lose their money.
A very well said mate, yes this was probably the reason why people are now sell their bitcoins. And in this season it is impossible that they didn't need cash that's why maybe some of their reasons is they needed cash and they convert bitcoin into fiat to used in this holiday seasons.

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December 29, 2017, 12:40:02 PM
 #799

people are frequently investing on bicoin so its a trade real trade someone buy someone sale nothing else . Dont be panic still btc have sustainable price
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December 29, 2017, 12:48:46 PM
 #800

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 of everyday life as most people participate in this bitcoin to earn more income in order to improve their financial situations.
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