Why people dump their Bitcoins ? - page 17.

Betwrong

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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 .

Yes, panic is always the main reason of all dramatical drops, not only bitcoin-related. The people that sell their coins out of panic not only lose their own money but also make others lose theirs.

Amph

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Quote from: jt byte on November 01, 2015, 03:32:33 AM

Overall the last dump that was yesterday it affected the price.
The dump was about -4% and comparing to now it is a drop of 10 dollars.
I think that people mostly dump for panic and maybe hate bitcoin.

or it is some bot playing with each other and manipulating the shit out of the market, this is a more probable possibility, as i see it, than panic dumping

i believe weak hands are long gone, this is something different

jt byte

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Quote from: harizen on November 01, 2015, 11:59:39 AM

Quote from: jt byte on November 01, 2015, 03:32:33 AM

Overall the last dump that was yesterday it affected the price.
The dump was about -4% and comparing to now it is a drop of 10 dollars.
I think that people mostly dump for panic and maybe hate bitcoin.

50% panic.

Mostly people just like to increase bitcoin price without knowing all the terms revolving around it. When they see that the price is really high according to their will then they will just sell their coins to take advantage of the price kick.

50% for trading purposes.

Like I said in the previous post here, some traders don't wait too much for really price increase unless it's expected to increase before dumping coins. As long as there is a profit even a little, it will be alright.

For trading purpose if they really need them asap.
Or urgently as they made any profit in the past.
About panic it makes sense because panic affect directly emotionally the traders.

omahapoker

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Quote from: Hugroll on October 31, 2015, 10:08:54 PM

the average user gets excited when the price goes up like it did this week, and they think its at its peak and its not going any higher so they sell.

Its not wrong, they sure made a small profit, and theyre happy with it.

But the others, are scared and sell immediately

harizen

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Quote from: jt byte on November 01, 2015, 03:32:33 AM

Overall the last dump that was yesterday it affected the price.
The dump was about -4% and comparing to now it is a drop of 10 dollars.
I think that people mostly dump for panic and maybe hate bitcoin.

50% panic.

Mostly people just like to increase bitcoin price without knowing all the terms revolving around it. When they see that the price is really high according to their will then they will just sell their coins to take advantage of the price kick.

50% for trading purposes.

Like I said in the previous post here, some traders don't wait too much for really price increase unless it's expected to increase before dumping coins. As long as there is a profit even a little, it will be alright.

Luqman

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Just for making people panic and they will buy in the deep..

jt byte

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Overall the last dump that was yesterday it affected the price.
The dump was about -4% and comparing to now it is a drop of 10 dollars.
I think that people mostly dump for panic and maybe hate bitcoin.

dothebeats

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Quote from: Hugroll on October 31, 2015, 10:08:54 PM

the average user gets excited when the price goes up like it did this week, and they think its at its peak and its not going any higher so they sell.

Yup, weak hands often fall to bear traps, only to see that the price keeps on increasing after a small correction. Bitcoin was overbought at $330 that's why a correction was ideal. I'm confident at this price range. Cool

ranochigo

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People sometimes dump their Bitcoin due to the fears of the prices tumbling. It happened when the bubble popped when Bitcoin first reached $900. Miners dump coins most of the times due to the electrical costs and to be honest, there is more security with fiat as electrical fees are mostly paid in that.

bct-user

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Quote from: Hugroll on October 31, 2015, 10:08:54 PM

the average user gets excited when the price goes up like it did this week, and they think its at its peak and its not going any higher so they sell.

that's right, i guess this people who bought a coins in lower price, so they waiting for this moment.

well i'm sure big dump is when after halving time coming.

Hugroll

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the average user gets excited when the price goes up like it did this week, and they think its at its peak and its not going any higher so they sell.

isvicre

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They dump because of rise coming after so many years that they think it will cover them.
Or they dump because they get bored about it and does not see it as real investment.
These are good examples why they dump.

Raimonn

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There are traders that sell to buy at lower levels, people that doubled its money and goes away from bitcoin, people that need the money to pay bills. There is a lot of different answers.

StevenLiang

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Quote from: CryptInvest on October 30, 2015, 06:32:59 PM

There may be an urgent need money for unexpected expenses or to pay bills. Finally someone wants to try to pay for the service using Bitcoin. Why not?

Not all people who sell bitcoin means to dump bitcoin as well.
Like CryptInvest said, sometimes there may be an urgent need moeny for unexpected expenses or bill, and they want to try to pay using bitcoin.

CryptInvest

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There may be an urgent need money for unexpected expenses or to pay bills. Finally someone wants to try to pay for the service using Bitcoin. Why not?

SerenaL

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Some people need to pay their bills or some want to take the money they gained after a bubble and move onto other things in their lives.

tommorisonwebdesign

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People will dump their coins when they fear their coins are going to loose their value. Some dumpers are professional traders who understand the Bitcoin market and are dumping their coins in order to salvage any coins. Any time a Bitcoin scandal goes down, the price goes down and smart investors would sell.

wearepoor

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People dump their bitcoins because of fear of loosing their money if the price falls. They don't think that bitcoin has a great future and due to lack of trust for bitcoins they are dumping their bitcoins. I think they should have more patience as the prices will not be increased in few days it will take longer time.

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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 .

Lots of dumpers are not real dumpers they re simply traders, selling at higher price to buy lower. So it s their BUSINESS to dump in order to profit from the price difference.

doublemore

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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 .

People dump because life is finite and some cant wait forever to for the world to convert to bitcoin. Do people really walk away though? im not sure i should imagine most come back and buy more bitcoin.

Topic: Why people dump their Bitcoins ? - page 17. (Read 9765 times)