Topic: Why do people sell at 15 when the price could rebound to 30? - page 4. (Read 7554 times)
This exactly when I bought bitcoin couple years ago when the price was 600 $ or something and then sold them at $ 230, you know the reason why I did this?? because I was too scared that it would be hit $1 or even nothing. On the other hand, those who sold crypto at the lower price 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.
Well, I believe that there is lack of knowledge, vision and patience among the investors when they get themselves under the fear of missing out. I always try to follow the principles of Warren Buffet (even though he has different opinion about crypto, we can't ignore his authority in investing), he says "Be fearful when others are greedy and be greedy when others are fearful" because investors usually blindly follow the market sentiments instead of using it for making profit out of it.
I think he who sells very cheap like that they are only affected by the talk of others and affected with some fake news that makes them panic and sell at cheap prices.
Sometimes it can't be helped. There would be situations wherein a person would be forced to sell at a lower price. I think it stems from them not being able to afford bitcoin's long term hold time. You have to be ready to have your btcs in your wallet for more than a year because if not you'll fall prey to its volatility
Reason because you can't predict the price, it may drop anytime or noting pleasing, so people do sell out some percentage of there token leave the rest.
I think he who sells very cheap like that they are only affected by the talk of others and affected with some fake news that makes them panic and sell at cheap prices.
When prices rise is uncertain, it is wise to sell at the right time.
Most of my friends called me how to buy ETH when it was above 1k. I told them wait. Some wait and bought around 800, some wait and bought around 500, some didn't buy when I called them and it was under 400. They read it will go to 100...Now they regret. It is at least the 3rd time in last 2 years when I see this happening, I believe this is simply human behaviour. Everybod wants to buy when it goes up, few want to buy when it goes down, only very few wanna buy when it's extreme cheap...I guess that's life...During the hype they don't know how to make account and transfer fiat faster (FOMO), during the dump I told them to prepare and do those things since it takes time, but they say: why should I buy now? It's going down. Than, later, FOMO again. Due to this I don't even respond to their questions anymore.
When prices rise is uncertain, it is wise to sell at the right time.
each people each have other opion about market,you think it can rebound 30 but they think it cann't or they buy at price lower then 15,now they sell ay 15 they get big profit,or may or maybe they are trading day investor,they always find profit day by day and never hold any coin for a long time, and this is market,nobody can perdict about market,cheap with this people but hight price with other people
Because the price is unpredictable. Some wants to gain but most are afraid to lose. That is why when we do trading, buy and sell, make sure that our decision is final and we have no doubt on what we are doing.
I'm just trying to understand the mentality.
It is because they lack patience. I have bitcoin now but I am still waiting for the price to reach 30k. The greatest profits needs a lot of risk and time to be achieved. Anyway, we are not authorized to change the actions of other users in this forum so we might as well respect their decisions. To that end, I will now go back to acquiring more bitcoin so that I will have the biggest profit in this year's last quarter. Why do people hold at 30 when the price could drop to 15?
They hold it because possible it is profitable if holding worth the timeSell when the price drops more due to panic that it will continue to dump and lose its value.Thats the real scenario of a panic seller,no profit as long as to cut their losses.
this thread is 2011? wow it mean that the panic sellers already do this from 2011, yes they sell in the low because of panic, and they don't want to makes their asset value decreasing, so they choose to sell it in the low when the price of that coin can be rebound
Yeah it brings us up to the old times where bitcoin is at such low price and holders are also panicking. History repeats itself so panickers will are being passed to the new generation.While the ones who remains strong and faithful to bitcoin are now happy with the profits they got and probably some are still hopeful that it will increase to an unexpected price.
because they fear that the price will fall. so they sell their bitcoin.
some sell because they are pushed by the economy so they sell their bitcoin regardless of profit or loss .
some sell because they are pushed by the economy so they sell their bitcoin regardless of profit or loss .
Because the price of bitcoin is unpredictable. It could be this time is very high and very low at the next. So they are just taking it than getting a low price.
this thread is 2011? wow it mean that the panic sellers already do this from 2011, yes they sell in the low because of panic, and they don't want to makes their asset value decreasing, so they choose to sell it in the low when the price of that coin can be rebound
They are day traders and probably lock in their profits at $15k. They don’t think the price will rise to $30k anytime soon and betting that it will fall instead. Or some just need the money for other things.
because they fear that the price will fall. so they sell their bitcoin.
some sell because they are pushed by the economy so they sell their bitcoin regardless of profit or loss .
some sell because they are pushed by the economy so they sell their bitcoin regardless of profit or loss .
Impatience Is the reason why,Most people especially bounty hunters are impatient and unwilling to let the coin grow. Most are overjoyed with the amount available when the coin has just make the exchange or gained value slightly, so much that they tend to sell off cheaply without waiting for them to realize the potential they have. The fear that the coin might might slip to a lower value i also a huge factor as to which people to sell early and cheaply
Impatience i th driving factor behind such decisions, most people are not patint enough to let the coins grow and get their value hence the opt to cashin early
Maybe they are afraid of what will happen in the future because price of bitcoin is unpredictable it goes up and down so when its price reach their desired price they sell it for the fear that it will go down again.
It's because they afraid that the price will go down deeper without knowing that it could bounce back multiple times. The only key is hold and be patient because world of crypto is built-in unexpected change and flactuation of price is normal.
Yes it's true, but if you are only aware that crypto cycle is like a roller coaster sometimes down and sometimes up, there's nothing to be worry with the downsize of price. Wait for the right time because it really gives great profits.
Maybe they are afraid of what will happen in the future because price of bitcoin is unpredictable it goes up and down so when its price reach their desired price they sell it for the fear that it will go down again.
It's because they afraid that the price will go down deeper without knowing that it could bounce back multiple times. The only key is hold and be patient because world of crypto is built-in unexpected change and flactuation of price is normal.
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