Bitcoin Forum
July 19, 2019, 09:57:55 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why do people sell all of their coins in one transaction?  (Read 1534 times)
IsaacGoldbourne
Member
**
Offline Offline

Activity: 112
Merit: 10

Looking to start various enterprises


View Profile
November 08, 2013, 10:11:08 AM
 #1

I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?

Just my couple of satoshi

Vote for me for CEO/CNO of MemoryCoin!
CEO: MVTEceoa86dYRsxc2rWCexBMjJmaawMkHZ
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm
1563573475
Hero Member
*
Offline Offline

Posts: 1563573475

View Profile Personal Message (Offline)

Ignore
1563573475
Reply with quote  #2

1563573475
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563573475
Hero Member
*
Offline Offline

Posts: 1563573475

View Profile Personal Message (Offline)

Ignore
1563573475
Reply with quote  #2

1563573475
Report to moderator
1563573475
Hero Member
*
Offline Offline

Posts: 1563573475

View Profile Personal Message (Offline)

Ignore
1563573475
Reply with quote  #2

1563573475
Report to moderator
1563573475
Hero Member
*
Offline Offline

Posts: 1563573475

View Profile Personal Message (Offline)

Ignore
1563573475
Reply with quote  #2

1563573475
Report to moderator
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2128
Merit: 1009

Newbie


View Profile
November 08, 2013, 10:16:01 AM
 #2

I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?

Just my couple of satoshi

U'd better ask why they sell them at all.
lumierre
Full Member
***
Offline Offline

Activity: 517
Merit: 100


View Profile
November 08, 2013, 10:21:13 AM
 #3

I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?

Just my couple of satoshi

Either they are 100% sure that the price will fall at that moment or they are already contented with the value of their coins at prices at or even lower of that of the current price.
Krikke81
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile
November 08, 2013, 12:59:56 PM
 #4



Either they are 100% sure that the price will fall at that moment or they are already contented with the value of their coins at prices at or even lower of that of the current price.

[/quote]

I agree, some of them are day/week-traders trying to buy low and sell high. Also they tend to shift from BTC to LTC when one is more volatile than the order. It similar to trading stocks, trading BTC is not so different in that sense and hence very emotional!

Personally daytrading gives me an adrenaline rush, especially when your winning. But I tend to play low stakes and definitely not risk it all.  Wink
Noruka
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250


simply getting the job done


View Profile
November 08, 2013, 03:11:05 PM
 #5

I have never understood why people do this, but they send their money to an exchange and it can be a considerable amount and then just sell it all in one order. This means they get a lower price than if they sold it in smaller chunks throughout 1-2 days?

Just my couple of satoshi

some people are buying bitcoins not for the idea or concept but to make a profit. someone with...say a 10% gain strategy will sell at 10% no matter how far it may climb or fall. When they see a technical support they may buy all in and wait for another 10%.

They want fiat not bitcoins

i know because i used to do that and did well. I am in the bitcoin camp now though, Its not worth release my coins to fiat anymore.

     ▄███▌
    ██████
   ██ ▀████       ███
  ██   ████     ██████       ▄▄▄
 █▀    ████    ███████      █████
      ████    ███████      ██████
      ████    ███████     ███████   ███
      ████   ███ ████    ███████   ████
     ████   ███ ████    ███ ████   ████    ▐██▌      ████▄
     ████   ███ ████   ███ ████   ████     ███     ███████   ██   ███▄     ▄▄██
     ████  ███ ████   ███ ████    ████    ████   ███▀  ███  ████▄█████   ████ ▄██    █
    ████  ███  ████  ███ ████    ████    ████   ███▀  ██▀  ██████▀████ ████   ████   █
    ████ ███  ████  ███  ████    ████    ████  ████       ██████  ████████▀   ████ ▄█
    ████ ███  ████ ███  ████    ████   ██████  ████      ██████    ███████     █████▀
   ████ ███   ███████   ████   █████  ██████  ██████▄  ▄██████        ████▄   ███
   ████ ███  ███████   ▐████  ██████████ ███   █████████  ████        █████████▀
   ███████   ██████    ▐██████████████   ███    ▀████▀   ████          █████▀▀
  ███████    █████     ▐██████   ████   ███
  ██████     ▀██▀       ▀████           ███
  ▀████                          █     ███
                                 ██▄  ▄███
                                  ██████▀
                                   ▀▀▀▀

   
THE JOB DONE

 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
 
in
 

  ▄▄                ▄▄
  ████▄  ▄▄▄▄▄▄  ▄████
  ████████████████████
  ████████████████████
 ▄████████████████████▄
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████
  ▀██████████████████▀
    ▀██████████████▀
██▄     ████████
 ▀██    ████████
 

  ▄▄██████████████▄▄
 ██▀▀            ▀▀██
██▌            ▐█▌ ▐██
██     ▄██████▄     ██
██    ██▀    ▀██    ██
██   ▐█▌      ▐█▌   ██
██   ▐█▌      ▐█▌   ██
██    ██▄    ▄██    ██
██     ▀██████▀     ██
██▌                ▐██
 ██▄▄            ▄▄██
  ▀▀██████████████▀▀
 
██▄
█████▄
████████▄
███████████
████████▀
█████▀
██▀
pletharoe
Sr. Member
****
Offline Offline

Activity: 278
Merit: 250


View Profile
November 08, 2013, 04:05:40 PM
 #6

You're right that selling large sums at the same time will affect the market, however to make a significant change to the price a VERY large sum will have to be sold (I'm guessing many thousands of BTC, but could be wildly wrong).

The people who are entrusted with such large accounts are (on the whole) very savvy and know exactly what they are doing.  Market manipulation has been around for a long time and can be used to short a stock by dumping stock (in this case BTC) and causing everyone else to panic sell.  Hopefully the cost of selling the stock initially can be recouped by the profit from the short.

The rest of us can only dream about having enough cash to be able to manipulate the market.
findftp
Legendary
*
Offline Offline

Activity: 1008
Merit: 1000


Delusional crypto obsessionist


View Profile
November 11, 2013, 01:12:54 AM
 #7

And it grows faster when you buy high and sell low and repeat.

I always wondered what I did wrong.
In the end I figured I'd better keep my coins and stop trading.

1FdwDuV2qgsw2w1Lza8nsea7L6mQxsc7g3
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!