Topic: Why people dump their Bitcoins ? - page 13. (Read 9763 times)
Because many bitcoin owners do sell panicked because it is consumed by the issue that bitcoin will end, they end up selling bitcoins for fear of losses due to their bitcoin can not be sold. Indirectly it will make the bitcoin dump so that the price is destroyed and very cheap
Well maybe they lose hope and got tired of waiting so they think better sell it away to earn money today but they didn't think that the value of it will rise in the future.
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 .
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.
it can happen because they feel panic because there is always a downward trend in market prices, maybe they are very frustrated with the ever-decreasing market conditions like the previous weeks. most of the panic happens by people who are new to crypto and they are not used to the downward trend in market prices, but if they are able to be patient and are confident that bitcoin will continue to increase in value they will prefer to hold it in the long run.
One reason I know is because people don't want to waste opportunity to profit. I've seen many proof that people have shorting bitcoin these past months. After they dumped it at the highs, they buy it back again at lows.
At its best, i think people are dumping their bitcoins when they already hit their price target be it medium high or very high. People are also shaken during crisis especially with FUDs spreading all around the internet that pushed them to sell off their bitcoin at a very low price.
Maybe other are just scare because of some rumors that bitcoin will be banned or maybe scared to lose more without trying to risk some more and wait to gain big. Panic is one of the big reason why they dump their coins.
Bitcoin can be said to be a more valuable currency than other currencies, in which many of the participants in Bitcoin have made a lot of profit, I think in the future there will be more people involved in investing More Bitcoin, where other currencies will also grow.
The possible reason why people dump Bitcoin is that they are running out of patience in waiting when will be the status of Bitcoin will increase without knowing that its fluctuation is just normal to a business. They are tired of being so uneasy to have money without thinking that this is not their full time job to wait for their monthly salary. Actually bitcoin will not just help you in earning extra income but this will also help you in challenging yourself to become more patient and how willing you are to wait and to sacrifice.
Some people sell their bitcoin to make some short term profits. There is nothing wrong with that. Bitcoin has risen in very 3 year period.
Why people dump their bitcoins because they want a quick profit. 
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Profit really matters rather than holding too much long for a sudden price kick. That is one of the traders rule. This will lead some traders to acquired more coins while waiting for the awesome price kick.
Traders also dumps coins and more often than ordinary people. Bitcoin is still speculative coin and that is what traders make - they push people to panic dump to buy more, cheaper.
We can say that people dump coins because of traders..
Panic dump is advantage for some traders. They always wait for it and taking advantage for every dip that the price will experience. Another trader saying is, accumulate more while it's dipping.
Why people dump their bitcoins because they want a quick profit.
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Profit really matters rather than holding too much long for a sudden price kick. That is of the traders rule. This will lead some traders to acquired more coins while waiting for the awesome price kick.
Traders also dumps coins and more often than ordinary people. Bitcoin is still speculative coin and that is what traders make - they push people to panic dump to buy more, cheaper.
We can say that people dump coins because of traders..
Why people dump their bitcoins because they want a quick profit.
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Because after they dump bitcoin , they will buy bitcoin again and dump again.
Profit really matters rather than holding too much long for a sudden price kick. That is of the traders rule. This will lead some traders to acquired more coins while waiting for the awesome price kick.
I think the reasons are :
1.Bought low sell high
2.Knew the price was going to drop
3.Had enough of Bitcoins rollercoaster price and made a quick exit
4. Needed the cash
1.Bought low sell high
2.Knew the price was going to drop
3.Had enough of Bitcoins rollercoaster price and made a quick exit
4. Needed the cash
The main reason is the trading. Profit taking after price rise. The other is the expectation of price drop in the short term.
add fear
some who bought on lets say 320 and see jump price to 380 price is going down they sell
reason dont wanna loose money they invest
I think the reasons are :
1.Bought low sell high
2.Knew the price was going to drop
3.Had enough of Bitcoins rollercoaster price and made a quick exit
4. Needed the cash
1.Bought low sell high
2.Knew the price was going to drop
3.Had enough of Bitcoins rollercoaster price and made a quick exit
4. Needed the cash
The main reason is the trading. Profit taking after price rise. The other is the expectation of price drop in the short term.
Most people would dump their bitcoins 'cause they scared of losing money
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
in this endless cycle someone will actual lose money, the sum is zero where few gain a tons and many lose something
there is also the occasional situation where you have the same ratio between loser and winner
dumping for fear is never a good thing, usually i hold even more in those times
Most people would dump their bitcoins 'cause they scared of losing money
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
That is true. New people who enter into the bitcoins will dump once prices slightly go down because of scare and thinking prices may fall more and this kind of people are more in the market bu the other category people are like traders. They will sell when they make some profits from the coins and they know again they can buy at lower level of the price. I also usually sell when I make some profits and buy it again at lower price.
Most people would dump their bitcoins 'cause they scared of losing money
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
but like most people said, they trade/dump them and buy them again
endless cycle if you ask me but good investment
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 cannot say why ALL the people who dump their BTCs do so, however, the majority of them would be newbies and their unrealistic expectations. Maybe they think that as soon as they start trading their BTCs will double or triple. What they need to understand is that BTC trading is just like stock market trading. It has its ups and downs. 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 .
Some also called the recent down from $500 to what is the price today as a market fail lol. Expecting too much will lead to ignorance of the price movement. Im not an expert nor trading specialist sut somehow I know what's going on.
The most important thing in digital currency like BTC is their marketplace.
If bitcoin accepted in global market, and specially on many online businesses. The bitcoin price can going up again.
But it is (for some people) their right to dump bitcoin. Because in fact bitcoin price is drop from $1,200 (Jan 2014) until today still at $381.
Do not know what happen on Jan 2016.
Bitcoin is indeed a free market. People can simply buy or sell whenever they want. The Bitcoin price won't directly go up if more and more merchants accept it. In fact, it will go down more than up.
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 cannot say why ALL the people who dump their BTCs do so, however, the majority of them would be newbies and their unrealistic expectations. Maybe they think that as soon as they start trading their BTCs will double or triple. What they need to understand is that BTC trading is just like stock market trading. It has its ups and downs. 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 .
Some also called the recent down from $500 to what is the price today as a market fail lol. Expecting too much will lead to ignorance of the price movement. Im not an expert nor trading specialist sut somehow I know what's going on.
The most important thing in digital currency like BTC is their marketplace.
If bitcoin accepted in global market, and specially on many online businesses. The bitcoin price can going up again.
But it is (for some people) their right to dump bitcoin. Because in fact bitcoin price is drop from $1,200 (Jan 2014) until today still at $381.
Do not know what happen on Jan 2016.
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