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Author Topic: Why people sell bitcoins?  (Read 9878 times)
whmpblgg
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January 12, 2018, 11:14:06 AM
 #1081

Many people are investing in Bitcoin. Therefore, Bitcoins are sold if a person needs money or simply if the current price suits him.
To play its role when needed, I think this is one of the meanings of bitcoin.
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binhvo1505
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January 12, 2018, 11:18:10 AM
 #1082

In my country also prohibits the circulation of bitcoin. So when I earn a little money, I have to trade it right away, not let the police detect. In my country the transaction is really difficult, if you just talk about bitcoin to the people who make the government, you will be arrested immediately. So my country is still not developing bitcoin, I wait for the bitcoin to be legalized in my country so that I can invest properly.

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yvesp110
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January 12, 2018, 04:14:48 PM
 #1083

I think BTC holders easily get scared all the time and start selling at the very moment when it slightly goes down. You should be able to consider risks when you decide to hold.

Yes. The new investors really do this mistake of panic sell. But that's how you learn from losses.

And it continues like a domino effect. That is why it is called panic selling. It works like this; people start selling because they are in panic by being afraid that bitcoin can go lower. they sell and price drops and it causes even more panic selling.
The bitcoin value is slowly going down right now and people begin to panic because they want to make the most money out of the huge pump that happened. I think that there will be a even better pump in the future so i think you should just save your bitcoin and wait for that moment to happen. Because bitcoin has gotten very popular because of how much it is worth now and a lot of company's want to make some money out of it.
That was very obvious. We all are here, investing in bitcoin because we all want to make great amount of profits out of our investments. For this, the investor sets a target and waits for it to be achieved, once that happens, there is no reason to hold back the coins. But there is one important point that I would like to mention, it is not smart to sell out every single bit of bitcoin in one shot because it is just getting started.
Geoll29
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January 12, 2018, 04:24:29 PM
 #1084

People sell bitcoins if they think they earned enough and ready to invest their earnings through other type of investments. For the others they use it enjoy the fruits of their hardwork by rewarding themselves. They buy new house, new cars and other things that may provide them more assets.

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January 12, 2018, 04:25:18 PM
 #1085

I think people sell bitcoin because they get profit when they sell it. Others sell bitcoin because they do not want to risk investing in it when its value is unstable, its future is uncertain.

Tukang Becak
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January 12, 2018, 04:32:14 PM
 #1086

Why people sell bitcoins? because they need money, I'm sure that increasingly the necessities of life make all plans unsuitable and many people are selling bitcoins albeit at a low price.
Alexandr210774
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January 12, 2018, 04:36:11 PM
 #1087

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.
The thing is that depending on when and at what price bitcoin was bought, if a person bought bitcoin for 1k $, then, naturally, he will sell it. Well, or will continue to keep)
satgoldan
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January 12, 2018, 04:42:23 PM
 #1088

Because thay need fiat money, lol. I sold some bitcoins, when I needed money before New Year and Christmas. Also somebody prefer to fix their profit after pump.

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Md Faysal
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January 12, 2018, 04:48:46 PM
 #1089

I agree with this. People sell their bitcoin when they need to spend it to meet one need or the other, selling it is the profit of what they have earned. And the main purpose of dealing it,is to earn at the end .people are selling bitcoins now because they think the price is already skyrocketed and there is going to be a crash.
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January 12, 2018, 04:50:20 PM
 #1090

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.
because that is the value of bitcoin earn bitcoin then sell it to fiat money i dont have more knowledge in trading or transaction but i want to know how bitcoin sell or buy selling of bitcoin is an investment

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MetalGear
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January 12, 2018, 05:00:44 PM
 #1091

Many people are investing in Bitcoin. Therefore, Bitcoins are sold if a person needs money or simply if the current price suits him.
The reason why they sell their bitcoin is they want to earn income. However, you must prefer to hold it than to sell it because if you hold your bitcoin you could earn much income. On the other hand, it would depend to you if you will sell your bitcoin but I think you must hold it.
juliamichaels18
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January 12, 2018, 05:04:28 PM
 #1092

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.

yes goverment trying to prevent the grow of bitcoin by prevent it to uses in public. but there is company that keep coming out that accepting bitcoin as a payment and the problem now is bitcoin seems not growing and stuck in this value. that why so many people sell it cause they afraid bitcoin bubble pop.
AndreDister
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January 12, 2018, 05:11:10 PM
 #1093

people thus raise their money when bitcoin rises and when they buy it down, it raises it infinitely, raising and lowering the price  Roll Eyes
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January 12, 2018, 05:11:47 PM
 #1094

Because they need the fiat equivalent, that's why we sell the btc, and person needs money or simply if the current price suits him. And people sell bitcoin because they already hit the right amount of coin to buy their goal or the things that they want.
tikaka
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January 12, 2018, 05:17:16 PM
 #1095

I think people are selling bitcoin because its price is dropping sharply. Over the past few weeks, bitcoin prices are falling sharply. They worry that it will fall further. Some governments are deciding to ban the bitcoin. has a great impact on the value of bitcoin. But I think its price will soon return

f150
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January 12, 2018, 05:23:05 PM
 #1096

they sell bitcoin probably because it takes paper money to buy their daily needs, because with paper money they can buy whatever they want.
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January 12, 2018, 05:26:51 PM
 #1097

they sell bitcoin probably because it takes paper money to buy their daily needs, because with paper money they can buy whatever they want.
For me, some people sell their Bitcoins if they need money; or else, they will sell it if they don't find Bitcoin as worth investing and time. Other think is, maybe the price increases so people will be tempted to sell their coins.
uszaty43
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January 12, 2018, 05:28:05 PM
 #1098

It is simple, it is only because they are scared of keep losing more money.

I have a friend, and he bought bitcoin at $15k a few days ago, and he dumped them all at $13k because he was "afraid". And now he wants to buy again, haha
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January 12, 2018, 05:34:53 PM
 #1099

I guess we'll get up one morning and see bitcoin price of 1$ ) Why would we need to hold it while cryptocurrency market offers us such a great amount of new generation coins)
steve25
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January 12, 2018, 07:05:30 PM
 #1100

Probably because they need some cash flow for investment in small different coins. Don't think however they are selling all their BTC. Just a part so they can have a budget for new projects. Actually, that's how it should be done in a professional way. If you want to stay with bitcoin only and wait until 50k or something is your decision. But people usually want fast results and they gamble a little. Ain't nobody time for bitcoin to rise hehe.
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