Topic: Why do people sell at 15 when the price could rebound to 30? (Read 7547 times)
in my opinion it is only because traders experience panic that makes the end decide to sell coins at a very cheap price and it can hurt you not to do that.
because no one knows what will happen next, when the price is rising next it is likely that the price will go down. most people don't want to take risks or they will buy again when the price is cheap.
Impatience and frustration is killing the investors heart and mind and selling their much beloved coin is their way of coping with all the anxieties building. Great fear of losing more is also another factor i am seeing as to why this scenario is happening.
In the end, the reason is because of fear, fear that their investment gains are gone, so they will sell after the price rises by half.
I'm just trying to understand the mentality.
There are people who needs fast profit like those who are working to earn cryptocurrency in order to sustain their daily needs, that's the reason why others want to get profit immediately.
Mostly sell for $ 15,000 of those involved in trading. People sell for this amount, expecting to buy, for several days for $ 10,000 and below. The same investors who buy Bitcoin for the long term, do not sell at this level. I think the next good sale will be at $ 50,000. Although, I'm generally against selling digital gold, even for $ 100,000. Bitcoin and all the crypto currency market - this is a promising future. There is nothing surprising there, people sell for $ 10,000. Bought for $ 6500, - sold for $ 10,000. Then again I bought for $ 8,000. What is wrong and surprising in this? On the other hand, there are people who do not believe in Bitcoin's perspective, so they sell. But their minority.
I'm just trying to understand the mentality.
There are people who needs fast profit like those who are working to earn cryptocurrency in order to sustain their daily needs, that's the reason why others want to get profit immediately.
I'm just trying to understand the mentality.
Cryptocurrency is too volatile and this is unpredictable as nothing is sure about the price. It could be a good decision to sell at 15 rather than going down to 1. You can't blame on their decision because in the end it's their money involve. Nothing bad as long as it's a profitable decision.
They may have some of reasons why they decided to sell their coins instead of still waiting for the price to spike up. One reason is that they badly needed the money right at that moment or they already reached their cap they set for them to withdraw, or they are influenced by surroundings.
I'm just trying to understand the mentality.
I don't know what you mean by 15 here, but the true question inside this question is whether the price could actually rebound to 30. If you don't believe that it really will or don't believe that it will rebound at all, then it doesn't make any sense to keep the asset in question. Strictly speaking, it is not about mentality at all. If people knew for certainty that the price would rebound within their investment horizon, mentality, personality or whatever would be irrelevant as long as we want profits. And we all want profits.
Quote
Why do people sell at 15 when the price could rebound to 30?
You have to understand that when they are scared they will not be alert enough. When dozens of information passes to their heads, Bitcoin will reduce that Bitcoin is a scam. They will sell out and immediately the sharks will buy at cheap prices
I'm just trying to understand the mentality.
everyone does not have the same knowledge, especially the experience, even the need to force it to sell it.
of course this can not make your comparison relevant. even more so on the basis of the recent panic.
because no one will know exactly the price can reach 30, if all know and can guess the market price can reach 30, surely no one will sell it at 15, if buy at very low price and then can reach 15 it is very profitable, not must wait up to 30.
Well thats what you called panic selling. I will regret that much if thats gonna happen to me. But on the other hand no one can predict that the price will be going 30. You think 15 is enough for supporrt for your needs specially in financial or in other.
This is not the content of the people who sold at the price of 15000. They are much more profitable than those who have remained so far and have a chance to buy at half price
I'm just trying to understand the mentality.
Maybe because they can not wait any longer to hold their assets and make a wrong calculation about the price.
For me it is such a three words, a choice, reason and decision making. Every person has a choice making of what they think they can help and what help them to earn good enough. And p we have different reason also in every choice we made. We also have different decission of every choices we have for us to think what is the best thing to do and to less the risks factor that we might encounter.
because no one will know exactly the price can reach 30, if all know and can guess the market price can reach 30, surely no one will sell it at 15, if buy at very low price and then can reach 15 it is very profitable, not must wait up to 30.
Some people are impatient that's why they want to rush sell their bitcoin, some are afraid that instead of price going up it's going down actually making their loss bigger. Some people purely want to disengage in cryptocurrency because they don't believe it anymore.
said a simple question but sad for traders. LOL
it's true Altcoins can go up again but Cryptocurrrency prediction can not be guessed as it's easy to break the chicken eggs directly broke with one hand.
So there are some people who are afraid when the price of cryptocurrency falls and wants to buy the coin in him to go up.
it's true Altcoins can go up again but Cryptocurrrency prediction can not be guessed as it's easy to break the chicken eggs directly broke with one hand.
So there are some people who are afraid when the price of cryptocurrency falls and wants to buy the coin in him to go up.
Jump to: