Topic: Why people dump their Bitcoins ? - page 10. (Read 9763 times)
People with low risk tolerance usually dump their coins easily when the price drop.
You all say it right, it's just a panic of people who do not know how to correctly trade in the crypto-currency market.
I am 100% agree with all replies but I think the main reson to dump coins is panic.
legendary
Activity: 2520
Merit: 3238
The Stone the masons rejected was the cornerstone.
Why do people dump their bitcoin? Like in any other market either they panic or sell off to lock in their profits..especially traders who are not interested in buying and hodling onto bitcoin.
There is also the fear of losing money especially when buying at a higher price and the price of bitcoin plummets.
I used to fall in that category. Now i just buy and hodl regardless of what the price of bitcoin is. I am in for the long term of bitcoin and am not affected by the constant price swings the market sees on a daily basis
There is also the fear of losing money especially when buying at a higher price and the price of bitcoin plummets.
I used to fall in that category. Now i just buy and hodl regardless of what the price of bitcoin is. I am in for the long term of bitcoin and am not affected by the constant price swings the market sees on a daily basis
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
here are different categories of people, some people (like me) use it just as a currency, I buy it, spend it then buy again, the price of it rarely bothers me, since it's pretty stable for sometime now with minor ups and downs. Then there are people who buy it as an investment and to answer your question, they dump it because maybe they made their profit and will buy again when the price drops or they lost some money and they don't think it's safe to keep on holding them anymore but for whatever reason someone dumps bitcoin it's really up to them what they do with their own money and I say let's not judge them and call them names, time will tell if they were losers or winners. I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
It depends when the person entered the market, meaning what were the Bitcoins worth at the time of purchase. If the initial investment was when BTC was $1000 and he sells them now for $9000+ its not really a dump as he is making a huge profit from the sale. It would be considered a dump in the eyes of investors who bought at 9000 or even more at $19.000 back in December.
My only reason why I sell it is because I need some Fiat for my expenses,
But as long as I really don't need some Fiat then I would continue to hold it ,
I think it could go up again and maybe it would make another ATH price .
There are also some people who sell their Bitcoin to buy something that they want or they need.
But as long as I really don't need some Fiat then I would continue to hold it ,
I think it could go up again and maybe it would make another ATH price .
There are also some people who sell their Bitcoin to buy something that they want or they need.
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
Maybe the person wants to switch to a new coin and needs the funds so dump bitcoin in order to buy a new coins. The result certainly makes bitcoin price to be cheap but there is a rising other coin price that may occur for that reason.
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I think that panic is not related to dumping Bitcoins. I think that people expect price will go down from price where they sell, so they can buy more Bitcoins for lower price. It is all about speculation in my opinion. Today is speculation that Bitcoin price will go down so we have -3,31% daily price change. I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
You asked this question in 2015.. now it is 2018, I dont think your question will be relateable anymore right now.. why on the earth in 2018 people will dump their bitcoin??
The trend is still positive now, it will stay like this for upcoming months i think.. Those who dumped their bitcoin in 2015, must be feel so sorry right now
I theorized that these people who are dumping their bitcoins are actually selling their bitcoins at a better price. No one would ever love to dump their huge amount of bitcoin because they panic. It can also be that these people lose interest and that they sell their bitcoin because they wanted to buy another alt coins.
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
people dumping their bitcoins, it’s not our problem. it is their decision. at the end of the day, whether they profit or not, it’s their money. likewise, whatever our decision is, it’s our choice. not theirs’.
imho it's much more simple:
1) he needs money - no comments
2) he is afraid/wants that the price will go down
3) he wants to invest in something else.
No more reasons
1) he needs money - no comments
2) he is afraid/wants that the price will go down
3) he wants to invest in something else.
No more reasons
Actually people do not intend to dump their bitcoin, I'm sure the main factor that makes them sell bitcoin because of the many negative news about bitcoin, for example a few ago that said that all countries agreed to bitcoin banned, it turns out it is false news but it has a big impact for users.
It's usually done by people who want to take a chance in the dumping incident. They will buy bitcoin in large quantities and then when the price increases then they will sell it. That is a strategy, but for me it is an unfair act because it is very harmful to many people. This is something that requires a lot of money, but I make sure that people who do dumps are usually a group and made up of several people. Dumpmakers need huge funds and that is why dumps are sometimes needed.Yes it is, they are dumping their bitcoin because of what happen with the bitcoin price now is too low and they are afraid that bitcoin are going to crash. They think that their investment goes nothing and thats why some people are now selling their bitcoin in a low price. One of the main reason why they are selling their bitcoin because of the FUD and the negative issues coming from the social media and now people who are lack of belief in the bitcoin will do panic selling.
Actually people do not intend to dump their bitcoin, I'm sure the main factor that makes them sell bitcoin because of the many negative news about bitcoin, for example a few ago that said that all countries agreed to bitcoin banned, it turns out it is false news but it has a big impact for users.
It's usually done by people who want to take a chance in the dumping incident. They will buy bitcoin in large quantities and then when the price increases then they will sell it. That is a strategy, but for me it is an unfair act because it is very harmful to many people. This is something that requires a lot of money, but I make sure that people who do dumps are usually a group and made up of several people. Dumpmakers need huge funds and that is why dumps are sometimes needed.
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
I think the reasons why they are dumping their bitcoins is they are losing hope because they are just a new comers here so they do not really know how the bitcoins works and behaviors are so they do not know that the bitcoins will rise again before the year ends. And maybe some of them have an emergency and they really needed that money so they are gonna cash it out even if the price falls becwuse they have no choice.
In recent times, the market has fallen sharply. A few days ago, the price of BTC rose again, when the high price of BTC was the time when some investors sold the BTC to take profits. They bought the BTC at a low price, when the BTC was priced at $ 6000. now $ 9000. So they decided to sell their BTC to the market.
Actually people do not intend to dump their bitcoin, I'm sure the main factor that makes them sell bitcoin because of the many negative news about bitcoin, for example a few ago that said that all countries agreed to bitcoin banned, it turns out it is false news but it has a big impact for users.
It's usually done by people who want to take a chance in the dumping incident. They will buy bitcoin in large quantities and then when the price increases then they will sell it. That is a strategy, but for me it is an unfair act because it is very harmful to many people. This is something that requires a lot of money, but I make sure that people who do dumps are usually a group and made up of several people. Dumpmakers need huge funds and that is why dumps are sometimes needed. 
There are plenty of reasons that they do that
Some just need money
Some think it's dead forever
Some get bored of it's volatility and want to encash after seeing the big price difference
Some think it's better to invest in a regular business after earning so much
There are plenty of reasons but at the end of the day it's their decision, but am sure they regret it when the price hits high .
Some just need money
Some think it's dead forever
Some get bored of it's volatility and want to encash after seeing the big price difference
Some think it's better to invest in a regular business after earning so much
There are plenty of reasons but at the end of the day it's their decision, but am sure they regret it when the price hits high .
People dump or sell thier bitcoins due to many reasons..some of these reasons are panic--Some people lose patience watching the price of bitcoin drop and they just got panic enough to sell thier coins and walk away and thus just dropping the price of bitcoins little more...Another reason is loss of trust in bitcoins..People also dump bitcoins when they hear a lot of scam going around by people related to bitcoins stealing etc and people think that bitcoin network isnt secure so they sell and walk away 
Bitcoin investor can sell out their Bitcoin anytime they want,that's their choices. For what ever reason they own their Bitcoin share and they can do what ever for the said share of Bitcoin. Some investor in trading market on crypto currency can practice the simple principle in Trading "Buy low and sell High".But some other reasons maybe a personal one, lost interest on trading of Bitcoin, lost of trust on Bitcoin or lost confidence on the said project, no time to trade, and there is a lot more can be attributed to that. One thing we can sure of of his action, something individual choices for as long as we are not affected by his action, we can just wonder why?
Jump to: