There are so many factors that makes them sell at 15
Also it's something that's personal and varies from person to person ,
maybe he thinks he have made enough maybe there is a bad need in the family.
Even panic selling
Fraud news
State laws
Banks not accepting widrawls from bitcoins.
We cannot mark a single statement so as why they do this but at the end of the day it's just some personal set of preferences and also offcourse the influence from the market and news.
Topic: Why do people sell at 15 when the price could rebound to 30? - page 2. (Read 7547 times)
I'm just trying to understand the mentality.
Because the price could just as easily drop to $1 again also. Because people need fiat currency to buy something. I personally have no intentions to sell under $18, but people always have reasons to sell. Everytime you buy a bitcoin someone had to sell it.
Many people want to get rich quickly and do not understand the essence of investment. Many inexperienced people are afraid to lose everything or listen to negative sources of information. In order to know what to do with investments, you need to understand the basics.
there are sellers and buy at 30. This is the general rule, order matching trading is the buyer and seller made.
You can't judge other people if you don't know their personal situation.
They maybe have some family urgency situation and need money quickly.
They maybe find some other great business and need money to invest.
Many different reasons are possible, so better don't judge them to easy.
Also, bitcoin market is risky, like every other market out there.
They maybe have some family urgency situation and need money quickly.
They maybe find some other great business and need money to invest.
Many different reasons are possible, so better don't judge them to easy.
Also, bitcoin market is risky, like every other market out there.
This is our mentality, can people survive what they lose? Everyone strives for a good end to any of his operations, but the risk is always present therefore there is a fear of losing
There are some investors in this business who bought some amount of bitcoin when it hit its absolute maximum value, and unlike those people, I know I am always safe (and hopefully will always be) from loosing everything since even when the market is very unstable I still have confidence in getting 700% profit from what I put into the bitcoin.
I'm just trying to understand the mentality.
I think because they need cash so bad, so whatever the price they will sell their crypto and just don't care, all i can say this industry is so unpredictable.
fear is often times the cause of that. people often believe that if they dont sell they could loose all their investment, hence they sell such that they dont loose all their investments
I'm just trying to understand the mentality.
Everyone can not predict that prices will rise or fall in the future. So the safest method is to sell when you make a profit. If we risk and when prices fall, we will lose capital at any timeWe dont loose capital as long as we dont sell our coins, we only loose if ever we sell it on a lower price because we cannot possibly recover it anymore. We need to face the risk of holding in order to earn much higher than we expected but we are also tempted if we already see a big increase on the price of our coins , thats why we ended up selling it for an initial price rather than waiting it for its full peak.
Doing those decision is not a bad idea , instead The worst idea would be deciding to sell your coins on a verry low price in order to cut your losses.
I think they will regret their decision very much! No one has the ability to meet the future, maybe BTC was worth so much!
Because I have no faith in BTC, I missed a lot of money! So now HODL BTC, wait for the price to go up!
Because I have no faith in BTC, I missed a lot of money! So now HODL BTC, wait for the price to go up!
This called a panic sell, when you are afraid that your money you have invested loose their price you want to save at least something
Until we get to know the price at which the seller bought his/her coin, we can not talk much about it. Perhaps some people do not need 30 simply because 15 is already so big a profit for them. Again people sell because there are buyers and it is this activity of buying and selling which propels the market.
I'm just trying to understand the mentality.
Everyone can not predict that prices will rise or fall in the future. So the safest method is to sell when you make a profit. If we risk and when prices fall, we will lose capital at any timeI'm just trying to understand the mentality.
Because the price could just as easily drop to $1 again also. Because people need fiat currency to buy something. I personally have no intentions to sell under $18, but people always have reasons to sell. Everytime you buy a bitcoin someone had to sell it.
The price could not drop to $1 since so many people are actively interested in Bitcoin, unless there is a fundamental problem with it.
Do you have an interesting point of view, and why can not there be a fundamental reason and bitcoin will drop to 1 dollar?
The bitcoin rate will hang like everything in the real world from demand - if it is not interesting it will not be bought.
P.S. But we, as convinced users of the forum know that bitcoin will soon be 30,000 dollars
To sell bitcoins makes sense to buy tokens or altcoyins.
the reality hits in, that you will never know if Bitcoin could hit 30 - according to your example :O
It's all about Patience which some people don't seem to have, Most people sell because there may be a slump and others because they believe that they have made enough profits. 
July 2011 and now June 2018! 7 Years have gone. We haven't see the 30K Mark, we just have seen 19K Plus. And the sorrow thing is we are now under 8K USD! No one can predict well about bitcoin. It proves by this thread. And my answer is already given here, I wanna add a little more, Why we don't sell at 20-25K USD when the price comes down to 10K USD again!
There are many factors that cause it to happen, and everyone will want to sell bitcoin when its value is high, and that's become everyone's knowledge on bitcoin investment. But in life sometimes someone is faced with a necessity of life that must be fulfilled so must give up to sell his bitcoin at a low price.
the reality hits in, that you will never know if Bitcoin could hit 30 - according to your example :O
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