Topic: Selling Bitcoin - page 12. (Read 3048 times)
the common thing is to buy at a high price and sell it at a cheap price, this is usually done by the merchant and this is most correct at least you are not wrong in your word on this thread
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Because some people want to just cut off their lossess. They think that instead of losing more they will just sell it even if the price is lower than their purchase. We can't blame them though because there are circumstances that we cannot control and there are some people who gambled everything they have to buy btc for the hope of having huge profits. So when things turn out to be not what they expected and instead of surging it dipped they then started panicking because they have no assurance when will it get back up.
Maybe that the case of others, and maybe they are new to bitcoin. Sometimes we pursue on something we do not actually know in the first place so eventually we first need to study what is up with this thing before continuing what we want to do. If they already know what's behind bitcoin investment they will not sell it at a low price and wait until they profit if that's what they'd up to.
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Because some people want to just cut off their lossess. They think that instead of losing more they will just sell it even if the price is lower than their purchase. We can't blame them though because there are circumstances that we cannot control and there are some people who gambled everything they have to buy btc for the hope of having huge profits. So when things turn out to be not what they expected and instead of surging it dipped they then started panicking because they have no assurance when will it get back up.
To the investors who invest in bitcoin and to bitcoins holders it is the right time or a chance to sell your bitcoin, because the price of bitcoin today is very high. Because those who purchased bitcoin the last month dropped bitcoin value, whose value is almost 3.6k and today the value of bitcoin has risen nearly 6k. So if you sell your bitcoin today your profit is great.
That's a good strategy but unfortunately most of people here have a weak hands and when they start seeing big whales selling of their coins, they start to panic sell and that will makes Bitcoin price down even more. But I'm not affected by this because I'm sure that Bitcoin will surpass $10k mark in a few years.
Nobody can be sure if it will be $10k or not although the signs are pointing to that direction yet. I'm just wondering what if governments start to ban (not to regulate) the usage of bitcoin. They have no other chance to protect their economic system from the effects of bitcoin. In that case people will start to sell their bitcoin massively and they won't consider to buy it back later on. Only a few of them will start to search for solutions to be able to use bitcoin in the future, most of the people will give it up. It's not the most possible scenario for the future, but a possible cause which can generate selling. I hope that it will never happen
Nobody dont know will bitcoin go up or down, who bought bitcoins some years ago and were waiting huge bitcoin price they already sold theirs accumulations, now who wants to buy bitcoins they must know that its already risk because of big price and it can go down any day.
today i see there is little panic in the exchanges because the price is down in a few hours ago but gladly, now the price is trying to increase and we can hope that later the price will be back like before. maybe the price down is because the correction and for people which can use the opportunity then i can say congratulations for you because you can buy bitcoin at lower price. and while you are waiting to see the price is back, i think you can get prepare to buy again if the price is down again.
That's a good strategy but unfortunately most of people here have a weak hands and when they start seeing big whales selling of their coins, they start to panic sell and that will makes Bitcoin price down even more. But I'm not affected by this because I'm sure that Bitcoin will surpass $10k mark in a few years.
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Actually I don't sell in dump.But many trader sell btc in dump.There asre two reasons behind it.They are in profit and they want to sell defore dip then they will rebuy in DIP. Others reasons they are panic seller.They don't know market of btc in future and they don't want to sell more low that's why they sell btc in dump.You are right,if they hold few days price will rise again.
My idea is, I bought bitcoin, and I will hold it for a long time. Because bitcoin is often skyrocketing and plummeting, but in the long run, it is continuing to rise. So the best way is to buy it now, buy it right away, and then invest it as a fixed asset and store it there.
Been in the crypto game a few months now, spending hours to get better at trading, still noobish but my experience sofar: Selling BTC at the high and buying back lower has been very difficult, when I do it I barely make anything. I take it as a learning experience so that one day my timing will be better. It's all about patience, and not buying/selling all at once. Don't mess with your entire holdings.
I will not sell our bitcoin now. they do not know bi market in bitcoin in the future and they do not want to sell lower because that's what they sell bitcoin in dump.
but with bitcoin buying and selling you can make a profit from the fluctuating value they sell in bitcoin. You are right that bitcoin has grown in the long run by increasing bitcoin.
but with bitcoin buying and selling you can make a profit from the fluctuating value they sell in bitcoin. You are right that bitcoin has grown in the long run by increasing bitcoin.
The very essence of any investing is Buy low, sell high. Why would anyone sell their BTC on losing price? Except if its an emergency and you put all your money to BTC. BTC market is very volatile and there are times of very low value due to certain factors, that's why you need to gamble on it and trust the process. I vouch for BTC and i nearly sell it during trying times, but here we are now, BTC is on 6k usd now.
certainly because of the importance or urgent needs that make people will sell it
and there is also a sense of panic that makes the heart so afraid to lose more deeply
and there is also a sense of panic that makes the heart so afraid to lose more deeply
at 50.000 usd, perphas
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Those moves are from new into bitcoins. They do not trust bitcoin that much because when the price goes down, they easily give up. They do not know the capacity of bitcoin. They panicked because of fear to lose some. When you invest, not just in bitcoin but in other investment, there is always a risk. So invest what you can affor to lose.
Bitcoin price now is very high about 6000$, that makes us very want to sell bitcoin, but we can wait and keep investing in the market to have more bitcoin in the future.
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Everyone is aware of the benefits of having and keeping bitcoin. However, there's a lot of reasons why people withdraw their bitcoins. I also want to store all my bitcoin however, sometimes I need emergency money for my daily expenses, or if there's a good investment that I would like to make.
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
no one is force you to sell your bitcoin because its your bitcoin. but for every people which is know that bitcoin will be worth or will be more expensive than now, they will hold it until they can see the price is moving back to before. it is proof for many times to us and if analyze in the exchanges, every time bitcoin price is fallen, in the next hours or next day, the price will be increase again and even it will reach more higher than before. so it is worth if we can hold it for a long time before the price is going to increase higher.
I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
People are selling Bitcoin during the dumps or whenever the price is falling because they are worried that it will continue, so what they are doing is to cut the loss. But the best thing to do is to hold during the dumps or even buy more Bitcoin because as you've said, it will ecentually rise. But still, we can't blame them, that's their money. Since we are awared that Bitcoin is volatile we should not do the same thing. Jump to: