Why people dump their Bitcoins ? - page 12.

elkafee79

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Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 it is normal. the bitcoin is high volatile.you mean dump by selling and not buying back, then that's just normal for someone who's been holding in a bear trend for over a year.dont panic when the price is down. it will rise soon.

chrisculanag

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Sometimes you need to dump the coin to buy more and earn profit , but sometimes people do dump of the coins to sell fast because of panic . Remember if you think you profit just sell it and wait for the dump to buy again or try to find another dump coins that has a potentially grow up like etherium and many altcoins. But you always remember the RISK .

storfox

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Many sell bitcoin when the price on the market goes down this is normal because they then buy bitcoin at a better price so they are trading bitcoin to increase their balance in bitcoin.

fianaindriati

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Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 the price of yesterday's downhill is very much causing everyone to panic and they sell their coins, and go straight away. because they may be surprised by the declining bitcoin prices.

snaper14

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panic is one of the main reasons but on the other hand some other need money or want to buy something for themselves or their relatives and dump their btc.

@baracitamon

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I also sold my bitcoin to the market. The price of BTC is rising and tends to decrease.

Best Dreams

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Quote from: Cinemo on May 05, 2018, 10:47:32 PM

Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 .

Not actually. People dump bitcoin cause they see that they profit in their investments so they sell their own bitcoin. So the effect is bitcoin is dumping. Then they buy it again so they can wait another chance to make a profit even its a little.

Yes they sell it for profit but just imagine if they will hold with patience and will not sell at panic they can earn tripped than this so I always try not to sell when price rise for some time, holding is really good thing so don’t sell at panic ever, it is good to buy with profit but it is best to hold your present bitcoin for long time at least for more than 3 years then it will earn highest profit higher than their earning from two time investing.

Bitcoin-Turkiye

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some investors have a panic of loss of losing their capital. for example, the man who buys a bitcoin at a price of 20k usd. it makes a hodl if there is a very solid will. and the investor who sees the price of 6k USD will sell it immediately when he sees 9500, 10000 dollars.

Betheng10

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Bitcoin is cash, some really are in panic selling some might need it for emergency. People who dumps bitcoins are usually panic sellers who usually gives up on bitcoin already.

This also contributes a little to bitcoin as they help move btc's in the market, they sell when prices go low therefor some experienced traders would buy and helps kicks ba k up the prices.

TIDOVEE

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The dump you mean: Bitcoin user abandoning bitcoin .
A lot of factors could be responsible for this.
Impatience; many users cannot afford to wait till it is yielding reasonable profit,probably some people need money than their work.
Secondly, some users cannot be diligent enough to follow the demanded rules of many projects.and therefore make very little.
Therefore many get frustrated and abandone Bitcoin.

DjTremor

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Quote from: Choyor on May 06, 2018, 10:46:17 AM

Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 .

It all happens because the panic is so high that the group of people throw away their Bitcoin to avoid losing more without thinking about its loss. this phenomenon is a lesson for us to minimize the panic and wait for bitcoin pumping to avoid loss.

Some people need urgent cash and they dump their bitcoins to get cash from their local exchanges or bitcoin atms. That is the main reason causing this. Otherwise it's not a right thing to dump bitcoins on exchanges. It creates more loss at the end of any dump.

BitcoinNational

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Well when the price crashes, lots of speculations and analysis are made. Most often, they don't support the bitcoin. As an investor, if you think that bitcoin is going to crash, what do you do? You sell. and this is a domino effect

mifanmuzny

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The recent influx of adaptors probably had multiple coins in their portfolio. Understandably, they panic sold and dumped everything to fiat when the dip happened.

Choyor

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Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 .

It all happens because the panic is so high that the group of people throw away their Bitcoin to avoid losing more without thinking about its loss. this phenomenon is a lesson for us to minimize the panic and wait for bitcoin pumping to avoid loss.

Rakesh_alejandro

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Quote from: benjason2 on November 05, 2015, 02:26:45 AM

Could be so many different reasons, panic, scare etc

I think as we saw on BitcoinXT last time, people start to panic and just sell their bitcoin and it causes a price reduction.
I personally (and this is just my opinion) that it's more panic then just needing money or something else

charlemagne_15

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Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 .

A certain group of people or just simply a person dumb they bitcoin maybe because of the 'panic' that they feel. It is normal to do such things without a better decisions when they sense that something isn't right. So some of the bitcoiners tend to do a panic selling. Another reason is they think bitcoin is not doing well or at the verge of ending. In addition, maybe some of them are in needs of money immediately.

carlisle1

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Quote from: Baronggot on May 06, 2018, 09:31:12 AM

They (newbies in this forum and crypto) are dropping because they lost interest on it already when they realized that bitcoin's market price are plummeting the whole day. Other whales who have big quantity of bitcoin are trying to scare off other people too by selling their bitcoin at a lower price, thus, making bitocin's market price to fall drastically.

Thats what happen if weak hands are involved,those cant even wait for just a few for the coin to recover..
Look at them becomes very bitter when the price suddenly increases after just an hour .

This is the reason why those whale manipulators enjoying to make a dump and pump and gain from this scare investors

Blondy12

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Quote from: OmegaStarScream on October 06, 2015, 04:47:43 AM

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 .

Weak hands are the common reason why people dumped their bitcoins and walked away. Maybe they are scared that if their going to hodl for more months, prices will continue for further dip and lost all their investment. They are being impatient to wait and cannot control emotions which is not really an ideal strategy in cryptocurrency’s world.

Baronggot

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They (newbies in this forum and crypto) are dropping because they lost interest on it already when they realized that bitcoin's market price are plummeting the whole day. Other whales who have big quantity of bitcoin are trying to scare off other people too by selling their bitcoin at a lower price, thus, making bitocin's market price to fall drastically.

spartak-sbk

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I think people have a panic of loss of losing their capital. Another option is not a large group of people who want to reduce the cost of bitcoin, to buy bitcoin at a lower cost.

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