Who is selling Bitcoin? - page 9. | Bitcointalksearch.org

airdnasxela

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Quote from: freightjoe on November 19, 2017, 03:51:06 AM

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?

The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

People are selling bitcoin for them to gain the money they want to earn. They spend their time to buy and hold it and if they think the time they are in is the best time for them to sell it then they will sell it. That is basically the answer for this question. Also, some of the panicked investors sell bitcoin even though it is not the right time to sell bitcoin because of lack of patience.

gordeevaverona

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People can make money from trading that why they sell bitcoin for you. May be the money of selling they will invest in other project or other work that these will make profits for them. This is the same thing like the way you buying, they do investment as you do. However, many people afraid of bitcoin, they thing bitcoin or crypto currency just buble or they haven't interested in bitcoin anymore.

monacous

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Bitcoin has changed the lives of many people on this planet, for better or for worse. For those who’ve managed to strike fortunate notes with BTC, the coin has allowed them to improve their lives–buying homes, paying off debts, or just plain old gettin’ rich.

hot_ads

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Many early investors, and those who bought BTC at low prices, would surely sell BTC in the face of great interest.

DoublerHunter

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Those who are selling bitcoins are the people who doesn't have guts to hold bitcoin for long term and they don't believe in the potential of bitcoin so that is the reason for them to sell because they think that short term is the best to make profits but they didn't realize the chance of making tons of profit if they will just have patience and wait for the price to get on the top.

dengineersprof

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You should be careful from who you buy and where you buy bitcoin from. I say this just so you don't get entangled with the wrong fellows and loose your money in the process. There are renowned sites you can buy bitcoin from that are genuine and legit.

I prefer this to buying from persons directly.

Boi qaaf

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lots of bitcoin sell on exchanger sites like bittrex poloniex yobit and so on but if i ask where to buy a bitcoin for me in poloniex because the fee is less expensive than other exchanger sites but if you have you know you are selling bitcoin when you meet up for no fee if the exchanger site buys a bitcoin

s100

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yes because even though no matter how bullish you are on bitcoin, some people are still going to need fiat; probably to pay for bills, to buy random stuff, to pay for some sort of emergency, because they are short on fiat, those stuff. Deal with it, bitcoin isn't used enough(especially in 3rd world countries) that you can live with bitcoin alone and Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin -

Chaelbrin

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the present situation the majority of the general population are utilizing bitcoins as ware/stocks in the market, since its less well known as a money because of high esteem and less offices to use around the world. Again the bitcoins mining is getting harder step by step due the inherent innovation, so the age of new bitcoins is lesser when contrasted with earlier years. So just those people can offer it whoever have bought it beforehand, for any reason.

waton gayeng

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Too early to give such a conclusion. Maybe those who sell bitcoin are in need of money for an urgent need. After all if we do not sell it from where we will get a profit, from where we can enjoy the results? I think those who sell are someone who knows when it's time to buy and sell and that does not mean they will get rid of it, there will be time to buy again.

llanaio

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Quote from: bitbunnny on May 05, 2018, 02:08:48 AM

I strongly beleive that Bitcoin has the practical purpose. There is no use of it if you keep it in the wallet endlessly.
In some moment you have to sell it and exchange it for fiat or use it for direct payments.
When is the moment for selling each user decides for himself depending on the needs.
It's good to have certain sum of Bitcoin as a saving but Bitcoin is created to be actively used.

Exactly. I feel like people who only HODL but never buy and sell in BTC or alts are sort of tourists & speculators. If you really believe in the power of crypto then use it to build a better, cooler world.

That said, I eagerly await the day when converting crypto to fiat seems quaint and archaic.

Tagabukid69

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Quote from: freightjoe on November 19, 2017, 03:51:06 AM

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?

The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

One thing i know for sure, People tend to sell their bitcoins because they need money, or they want somebody will also feel how they feel in trading crypto,s. In my personal experience, i want to buy bitcoin for the sake that I also want to earn profit.
and to live comfortably through fast and efficient transaction.

llanaio

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I sell bitcoin. I hate to do it, of course, but it's the economy of how my business works. We mostly get paid in BTC or other crypto. We also have a multi-petahash mining op. These support our blockchain software development. So most months I need to sell BTC to cover rent, salaries, insurance, taxes, electricity, etc. It's a great month when I can sell less BTC than I've made, but we're still early in development cycles for most of our tools.

I hate selling BTC but this allows us to pay for professional development without resorting to ICOs (which I think are often-not always-quite scammy). In the long run, I think this is a worthwhile tradeoff.

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

I strongly beleive that Bitcoin has the practical purpose. There is no use of it if you keep it in the wallet endlessly.
In some moment you have to sell it and exchange it for fiat or use it for direct payments.
When is the moment for selling each user decides for himself depending on the needs.
It's good to have certain sum of Bitcoin as a saving but Bitcoin is created to be actively used.

bondali

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There are different reasons as why someone might sell BTC, maybe for personal needs or they just have too much and would like to cash in on a few .selling is part of the game, the bad thing is panic sales that will encourage dumping of BTC the market. Making its flow too much hence negatively affecting its value

TirionLannister

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Each person decides when to sell and buy bitcoins. Someone really needs money and they sell, but someone saw in this perspective and decided to buy. Here everything is individual.

chickinini

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Quote from: freightjoe on November 19, 2017, 03:51:06 AM

Why are people selling Bitcoin?

People sell bitcoins simply because they need to. They need to pay for their bills and why would you hold your money if you have a decent sum to sell? They need to buy stuffs they need or emergencies would make you decide to sell your coins. And for most short time investors, they are selling when they see they already have a profit, without people selling and buying the price will be stagnant so this is a natural thing and this is not bad.

Gabrieelle

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Quote from: rosepetals on May 04, 2018, 05:55:49 PM

Quote from: sumangs on November 19, 2017, 05:12:57 AM

People sell bitcoin to use it from offline transactions since some stores haven't develop online marketing. Some are selling for trading, making a profit out of buying some stocks and sell it for a purpose of getting more money.

Thats right,most especially in some countries who have less bitcoin merchants.Bitcoin holders sell out their bitcoins if they need to convert to fiat for different purposes and it doesn't mean they are selling because they get rid of bitcoins existence.Instead it is a very profitable digital currency of all time.

I guess they are selling because they need the money because if they don't why would they bother selling it at the first place or maybe they have reached their desired profit that is why they decided to sell it. But we all have our own reason why we sell our coin and I think it really doesn't matter.

mkmittalg

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This can be the anyone person also for any reason.

lukeclick

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There are different reasons as why someone might sell BTC, maybe for personal needs or they just have too much and would like to cash in on a few .selling is part of the game, the bad thing is panic sales that will encourage dumping of BTC to the market Making its flow too much hence negatively affecting its value. cryptocurrency is an investment just like any other theefore making returns from sales is a norm , just do it with caution and always remember to keep some.

Topic: Who is selling Bitcoin? - page 9. (Read 2775 times)