Why do people sell at 15 when the price could rebound to 30?

[bungutko]

Yes, sometimes I have to sell small amount of bitcoin to get cash just because nobody acccepts cryptocurriencies in my town.

@
Agree,  people have it's own decision since they will use the money to buy something. I think that bitcoin will continue to climb higher in the coming months and therefore  it would be advisable not to spend all
but hodl the remaining btc and wait for the bull run to take effect.

[carlisle1]

Yes, sometimes I have to sell small amount of bitcoin to get cash just because nobody acccepts cryptocurriencies in my town.

@
Agree,  people have it's own decision since they will use the money to buy something. I think that bitcoin will continue to climb higher in the coming months and therefore  it would be advisable not to spend all
but hodl the remaining btc and wait for the bull run to take effect.

This is what happen when were investing here just for easy money,because in the time of dip,were rushing our self to sell the coins even if theres a potential increase or rebounds no matter whats the reason,still we must be ready in falling not always growing..

[feny.blackpink]

this question remain same after years. but the value is different now.
why did people sell at $6k when the price could rebound to $9k ?
last month bitcoin price has fallen to $6k, and now bitcoin price is almost $9k.
the answer is because they was afraid that bitcoin will continue falling to $0.

[jekainvestor]

most likely people sell bitcoin for 15 to play on the depreciation, the world of crypto currency is very volatile.

[EvgeniyWorik]

All this is human greed and the fear of losing money. There is also a huge misunderstanding of the market. Now there are many hamsters in the market who do not know what they are doing.

[WaffleMaster]

Yes, sometimes I have to sell small amount of bitcoin to get cash just because nobody acccepts cryptocurriencies in my town.

Why did you gravedig a post from 2011 LOL? Bitcoin was actually $15 then. I suspect this is around the time the price flash crashed from $40. This guy would be a millionaire by now and probably not even on these forums. But seriously, people can we stop grave digging posts from 7 years ago? Let's all stop posting on this so it doesn't get bumped to the top again.

[zeze18]

The question is how people knoww the price will rebound to 30 ?
If the price drops again to 10, they cut the loss

[Iamdavid]

Most people are scared the price might not appreciate anymore so they sell off the moment the price drop in order not to lose totally on their investment

[Dico88]

If you do not sell at 15, then you sit at 12 at the end of the day and sucks to take a loss, but the dollars you get for bitcoin. I hope bitcoin takes it back and I love the concept and sitting in 50's over now.

[criz2fer]

Some people just cut their lost. But buy the end of the day, they still profits from it if they bought from low.

Most people just panic from it. In my humble opinion is is hold until the end of the year and just buy more in every small dump.

[mast3rm1nd]

because there are no guarantees that the price will reach 30 ?? why hold and why sell in the first place? I think you have to define your goals and determine what you want to do before discussing broad questions like this, what are we talking about here Bitcoin ?

[Ayiranorea]

because there are no guarantees that the price will reach 30 ?? why hold and why sell in the first place? I think you have to define your goals and determine what you want to do before discussing broad questions like this, what are we talking about here Bitcoin ?

That's the true fact, there is no assurance that the price will reach 30, we believe and hope the best to happen. In between things can go out of prediction when there are regulatory compliance and other financial pressure towards the community from the governing bodies.

[b3llsf1l3s]

I'm just trying to understand the mentality.

we should know that the price of all coins on this crypto is very volatile and that very often can put some people down, even with some good analytical possibilities but that does not mean it will happen, most likely they just anticipate the undesired things

[Mmball2018]

People tend to panicked. They might loss rather than gain when it drops. Or the other way around. They will also gain big if they hold it a bit longer. The nature of BTC will put you in a crossroad and you should make an abrupt decision on what road will you take.

[bingungsekali]

maybe they're afraid the bitcoin prices fall below 15k and this is a belief for bitcoin holders. Their assumption is that if prices fall and are under 15k, then they will get a loss.

[ogini]

This are investors that don't understand what the market is also about ,they out of ignorant and at the end they regret for at such price,but if they are patient enough they benefit

[Julunguul]

I'm just trying to understand the mentality.

because no one really can predict the condition of the market condition for next 30 min or a 3 days more, even if they're skilled trader all of it are just analysis. 10% analysis and 90% market make its own decision.

plus with uncertain circumstances such as "there is new news that bitcoin is banned in xxx country"
when a market turns green for 3 months and then suddenly it goes to red and deep in just a few hours

[yoseph]

maybe they're afraid the bitcoin prices fall below 15k and this is a belief for bitcoin holders. Their assumption is that if prices fall and are under 15k, then they will get a loss.

It's all about impatience and fear of losing money, No one knows when the market is going to appreciate or tank and because of that they are all very quick to cash out incase their investments starts to go down and they make some losses.

[thecoder2017]

Maybe they are afraid of what will happen in the future because price of bitcoin is unpredictable it goes up and down so when its price reach their desired price they sell it  for the fear that it will go down again.

[btcluisdiki]

That would depend on the person's decision as to why they sell it at that price. Perhaps at 15, they were able to gain profit and if the reason is they were afraid that it might still decline and lose their money, they lack confidence and belief on their investment. However, If I am in their position, I would not hesitate to hodl for a longer period where I believe it will make an increase when the right time comes. Always believe it will happen and don't let your emotions do your decision making.