Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptorakibul on January 17, 2018, 05:42:16 PM
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I know this is an stupid question, and i can imagine some obvious scenarios like the urgency of a dissease or real life time trouble to sell all your bitcoins at once, but... why else does people sell their bitcoins? ITs been said that mining is efficient, but buying bitcoins is even more efficient. So why would someone sell his bitcoins if their value is going to grow anyways?
Maybe because its safer to not have them all stored because they can get hacked and robbed? And if they were... "Paper firmed" (somehow i readed that one can have theyr bitcoins in paper instead of wallet i dont remember how) because they can get physical robbed or wrecked too?
What other scenarios are possible for someone to prefer selling their bitcoins instead of keeping for further upvalue?
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It's vary by people & all are not doing the same. Soms people don't have patience & very much worry about the present situations. But they are just doing worng I think. Why we thinking like a foolish way? We need to stay calm & wait for proper time. I think bitcoin back on the track very soon....
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depending on the person, for example like this:
- If there is a sudden need, such as illness, renovation of the house, etc., then I will sell the Bitcoin.
- sold to buy again at the bottom price hoping to get a profit.
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maybe because they panic with the market conditions that always go down. so they sell their assets in order to buy cheaper coins
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maybe they panic by seeing prices falling further and not wanting to lose even more, maybe they really need money suddenly to meet their needs ..
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depending on the person, for example like this:
- If there is a sudden need, such as illness, renovation of the house, etc., then I will sell the Bitcoin.
- sold to buy again at the bottom price hoping to get a profit.
Yes I agree mate, The people sell their bitcoin maybe They have a sudden need.
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Many reason, maybe they are afraid to lost all asset, maybe need money, maybe they are won't invest again. And many other reason
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very often those who really need money suddenly, he will give up to take their bitcoin assets, because that's the only way out the only one to get money ..
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because they want to make bitcoin a short-term investment. or they want to buy bitcoin at a cheaper price.
because of pressing economic factors and daily needs
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if he is selling right now he would have known if he would suffer a loss, and maybe he did it because he really needed money until he was forced to sell it ..
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because they panic if the price of bitcoin will decrease further. and they then wait until the bitcoin price actually drops. then they buy it back
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Many people are selling bitcoin due afraid that it's market price will continue to drops and they just want to cut possible loses because they want recover the remaining capital so they can divert to another crypto investment and hoping to recover.
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People just aren't cut out for cryptocurrency, or trading in general. Bitcoin goes up and down all the time and people probably see it falling and panic sell it and never get back into crypto because of it.
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in my opinion
because they panic after almost every time crypto prices on the market always go down.
want to buy crypto at a cheaper price therefore they sell their bitcoin and altcoin bro .
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Some people are afraid of losing all their money when Bitcoin course falls and they start selling it. And other people make money on the course difference. They buy Bitcoin when it falls and sell it when it rises.
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Pretty sure that they are afraid of getting to lose more than they lose half of their profit. Lose is what make change to our decision to sell immediately in order to prevent so much losses. Somehow, the market flows travel to unpredictable ways that seems hard to grasp.
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They sell either because of urgent necessity to buy something or just of itchy hands. The lack of relevant education also is a reason.
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I know this is an stupid question, and i can imagine some obvious scenarios like the urgency of a dissease or real life time trouble to sell all your bitcoins at once, but... why else does people sell their bitcoins? ITs been said that mining is efficient, but buying bitcoins is even more efficient. So why would someone sell his bitcoins if their value is going to grow anyways?
Maybe because its safer to not have them all stored because they can get hacked and robbed? And if they were... "Paper firmed" (somehow i readed that one can have theyr bitcoins in paper instead of wallet i dont remember how) because they can get physical robbed or wrecked too?
What other scenarios are possible for someone to prefer selling their bitcoins instead of keeping for further upvalue?
Maybe the people sell their bitcoin because They are afraid the price of bitcoin is going down. They are afraid lost a much.
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I think that depends on the conditions at hand. People will sell the bitcoin they have because they have an urgent need to get money, but there are also those who are panicking they sell the bitcoin they have.
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there are valid and several reason why some sell bitcoin. i think depends the urgency necessity/need of money,because there are unpredictable happening so they forced to sell it due to sudden need.otherwise some sell because of fear price going down ,so it depends the situation.
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I will not sell my bitcoin for no reason.I will only sell if am in dire need to save a situation and will quickly replace. Bitcoin will rule the world and I want to be there when its of great value.
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There may be many different scenarios, some people bought bitcoin while at the top and prices will not rise again according to them. And some people sold their houses and cars and now they might need urgent money.
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Everyone can sell coins they have. There are many people selling, one of which is to get a profit. But if the question is why people sell coins when prices go down, there are 2 reasons for that. The first reason is because they panic the price of coins is getting lower and secondly they are really in need of money to fulfill their lives.
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They sold the tokens because they feel they don't have enough trust that bitcoin will recover again. Some reasons to be considered why they sell because of emergency cases, super dump, no bright to see.
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Not all things can be bought by using bitcoins, in other words, bitcoin is not yet accepted as universal currency like dollar or any paper money. Though there are countries that are actually using bitcoin as a currency nowadays but acceptance is still a big deal to some other countries. People usually need paper money to buy something usable and needed for family. That is the reason why some bitcoin holders converted their bitcoins into cash.
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Everyone has their own reasons when they are going to sell their Bitcoin, for sure all is because they want to get a bigger profit. so they speculate by selling the bitcoin they have.
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I know this is an stupid question, and i can imagine some obvious scenarios like the urgency of a dissease or real life time trouble to sell all your bitcoins at once, but... why else does people sell their bitcoins? ITs been said that mining is efficient, but buying bitcoins is even more efficient. So why would someone sell his bitcoins if their value is going to grow anyways?
Maybe because its safer to not have them all stored because they can get hacked and robbed? And if they were... "Paper firmed" (somehow i readed that one can have theyr bitcoins in paper instead of wallet i dont remember how) because they can get physical robbed or wrecked too?
What other scenarios are possible for someone to prefer selling their bitcoins instead of keeping for further upvalue?
In my opinion, the people sell bitcoin when the price is low ,maybe theynare afraid the price will dip and not increase again.
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Because they panic. It is common for some people to cut losses because they fear bitcoin falls to a lower level. I think that's fine. But I prefer to hold bitcoin when the market falls and wait for the market to recover.
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Will there be Btc if we wake up one day and realize no one is transacting with Btc. That will probably mean Btc is dead. Maybe we all have hope because day in day out, people still buy and sell Btc or transact with Btc.
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There are so many reasons why people are selling their bitcoin and one of the most common is due to people are afraid for the market price to continue to fall down that possibly makes their investment from falling down continuously.
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everyone who decided to sell their bitcoin definitely has its own assumptions for bitcoin, lots of possibilities that could happen like, they are indeed being was squeezed by the economy and need cash, they fear the bitcoin and don't want to take greater risks and many other possibilities.
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there are many assumptions as to why they sell bitcoin, usually if they sell it suddenly, because they are squeezed by economic problems, and if they sell it when the price is at the highest peak, it's because their target is to profit, and buy again when the price drops ..
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they sell is because they need the value of bitcoin itself. but my advice, sell your coins is fun with a price range that you think is beneficial, not even a loss. for it must be carefully and also patient.
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Because the supply is low and demand is high, the price of bitcoin rises. Soon enough, the price will be high enough that many people who bought bitcoins when it was cheaper will decide to sell and make money off of it.
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In my opinion, one of the reasons for selling bitcoin is because it is worried that the downward period will be long. In addition there are also other reasons such as for emergency reasons to meet the needs of life.
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People sold their bitcoin because they are afraid to have nothing from holding for long. It is possible that they were confused of bitcoin good future. To sold bitcoin was the affect of panic.
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Mostly the main reason why people are selling their bitcoins in due to financial needs but for now the weak crypto market triggers investors to sell their bitcoins because they are afraid that the market will continue to fluctuate.
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I think people sell bitcoin because the supply is low and demand is high the price of bitcoin rises . Soon enough the price will be high enough that many people who bought bitcoins when it was cheaper will decide to sell and make money off it.
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I think maybe because they panic by looking at the market prices that continue to fall further and so they don't want to lose more, or maybe they really need money to meet their needs ..
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I think maybe because they panic by looking at the market prices that continue to fall further and so they don't want to lose more, or maybe they really need money to meet their needs ..
I think people who sells bitcoin on a very huge dip is the people who has a weak hands, they maybe didnt have enoughf faith or trust in bitcoin that is why they easily give up when it comes with the falling of its price. I believe that if we have a strong hands we can maybe earn in the near future, because in crypto we really need patience becaause everything in crypto is really unstable.
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There are 2 possibilities why people sell bitcoin. Because it is pressed for needs or because of the cornering of the price of bitcoin. But in my opinion, the panic factor and falling prices are the main factors why people sell bitcoin.
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Because they are afraid that Bitcoin will fall in price again and that it takes time to raise prices again.
I also saw yesterday's news that there was Exchange from Canada hit by hacking and that made the price of Bitcoin back down.
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Cutting losses is one reason why people sell their bitcoins. They have a prediction that the price decline will occur in a long time. Or they realize that the price of coins will decrease further.
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Chances are they are selling Bitcoin because they are afraid that the price of Bitcoin has fallen, so they are afraid to experience a big loss from such an event. But they could also not want to keep holding their coins for fear of being hacked and others. That is a very logical reason.
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We have so many reasons to consider why people are selling their bitcoin investment such as people are afraid for the price to continue to drops, diverting their investment into other coins which is cheap and profitable ,spreading speculation in the social media sites and also due to financial needs.
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it is true that most people have sold bitcoin, and in my opinion people will also need cash to transact in the real world, and that is why some people sell the bitcoins they have.
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This is correct people are sell there bitcoins because of some many reasons needed in life but most of it they wanna sell it for the helped of any buying they want and one of these is bitcoins is the solved in terms of money related.
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This is correct people are sell there bitcoins because of some many reasons needed in life but most of it they wanna sell it for the helped of any buying they want and one of these is bitcoins is the solved in terms of money related.
Yes, I am selling my bitcoin too like other people because I need money to buy my daily needs. And if somehow, I have money to buy something, then I will hold my bitcoin and only sell when the price increase higher. But we have a different reason why we sell bitcoin, and it depends on our purposes to hold bitcoin.
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of course everyone has different reasons, in my opinion people sell Bitcoin because they have sudden needs so they are forced to sell the Bitcoin they have, and maybe there are some people who are too worried about the current market conditions so they sell it
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People sell bitcoins because they want to earn money via trading. I think most people in the crypto world only uses bitcoin mostly to trade and not just to buy something.
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Indeed, most people do not sell Bitcoin, but exchange it with other Altcoin, such as exchanging it for Ethereum and other Altcoin. But there are also those who sell it, maybe because seeing Bitcoin always drops to this low. That is a detrimental act, blaming yourself and others and not doing this.
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Now back to the first two people, suppose the seller is desperate to get rid of his BTC because he’s made a bunch of money on it and wants to buy Xmas presents.