Topic: Why do people sell at 15 when the price could rebound to 30? - page 3. (Read 7547 times)
Most of us luck the Virtue of patience, we cant just wait to make the money that we tend to utilize every opportunity that presents itself so much so that we miss better opportunities that we would have had if only we held on, This especially applies for the bounty hunters, the moment we get the rewards all we see is to sell them off and make something off it, if only we could be more patient with these coins we might stand high chances of making the most out of them
The biggest reason I think people want to sell bitcoin at this price is the psychological reason to wait so long. Many people bought it at relatively low rates earlier this year. And they have been waiting for a long time to bring in big profits. with $ 15,000 price is quite appropriate for them to sell because of the fear that prices will continue to fall.
Why do people hold at 30 when the price could drop to 15?
I think they are afraid to lose their money and they are in panic mode. So they sell their cryptocurrencies even in lower price. Many people are like that in this forum.
each one does with the bitcoin what he thinks could happen in relation to the price in the future, with bitcoin it is difficult to know what will happen in the short term
Because it can also fall back to 10 and below. So even a little bit of rise of price where they can consider it a profit, they will sell it rather than wait to rise up more but unexpectedly fall
either because they need to buy something or because they are afraid that value can come fall down again
Don't forget that the weak hands will sell at anytime, whether it is a good price or not. They even sell at a loss once they notice any slight drop in price. But if nobody sells, will there be any to buy? That is what makes a market active. Even an urgent need can drive anyone to sell at anytime.
we need to keep waiting because at this moment bitcoin does have this opportunity to get to it’s peak and that’s what all of us so eagerly hoping for.
The price of the bitcoin when the price is very lpw like that no hubdreds dollars but now look the price is already thousands dollars and they made more profit or most of the people who know and invested bitcoin maybe in the year of 2011 and they hold they will earn a lot of money. But I did not know bitcoin since 2011 because Im teenager on that year and I don't care about my future but because of bitcoin I have a lot goals now.
Maybe because they are afraid when the price decreases so they want to assure that they will still get a good profit. They did'nt take the risk to wait for the value increases. Maybe for them its already a win win case at least they got a money even in a low value.
This is due to the psychology of each person
all this happen because they all afraid that the price is going down to 10 and they will get the big lost, so they do cut loss to makes the lost is not to much, this activity is good in some case but i think hold is the best because we believe that the price of bitocin and other coin will rebound soon
They just think of profit. Most of us wants to earn money. If someone sees an oppurtunity to earn some then he/she would grab it without thinking nothing more.
most people do not think long in making decisions, they are more looking for short-term profits though a little profit, then buy back. but if you want to think for the long term, they will get more profits.
Many things cause people to do that, mentality, predictions and necessities of life.
but in my opinion, the most dominant factor is the factor of necessity of life, a person needs money to be able to meet his life needs, so he must do that.
but in my opinion, the most dominant factor is the factor of necessity of life, a person needs money to be able to meet his life needs, so he must do that.
I'm just trying to understand the mentality.
All this is human greed and the fear of losing money. There is also a huge misunderstanding of the market. Now there are many hamsters in the market who do not know what they are doing.
Whenever I experience problems with finances I prefer to sell some cryptocurrency that I own to solve the uncomfortable situtation.
I'm just trying to understand the mentality.
We cannot predict and exactly understand the mentality of people. We all know that the VA of bitcoin has been going through many ups and down in the last past 6 months and I think it has down to its maximum lower limit so people could be in penic that they could suffer very huge loses if the valuation does not recover to its normal level and this could be the most probable reason why people are in penic in selling their bitcoins instead they can get much more profit because I am very sure that valuation will recover to its maximum value. 
but can not also be determined. because the price can not be ascertained. everyone there must be a reason to sell. the price that we think is high in seconds can change down and can also be high. so people reasoned to sell because according to his price was already high.
There is such a saying - if you knew when and where you fall, I would put a soft pillow. The fact is that the human psychology is so arranged that it can be calculated and this is used by competent manipulators. Will grow to 30 or not grow, not who exactly does not know, but if you recorded profits, then will not regret the fall of the market.
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