Why people dump their Bitcoins ? - page 18.

prodigy8

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Quote from: harizen on October 29, 2015, 05:22:24 AM

Quote from: prodigy8 on October 29, 2015, 03:46:35 AM

Quote from: lumeire on October 29, 2015, 01:00:40 AM

Quote from: Possum577 on October 28, 2015, 11:47:52 PM

Who's dumping their bitcoin? The price has been rising steadily for a few months now.

He meant, why 'would' people dump their coins I suppose.

@Ontopic, Probably they're already in a profit, and wouldn't risk it anymore. You'll do the same in the future believe me.

Or simple they who dump the price are impatient.
Have earned enough profit and don't want to wait more.
I would never dump the price, only if i have no other choice.

Another thing, they are trading expert. One trading rule is don't wait too long for price increase, If you make profit even a little when you buy coins much lower then sell it then wait for the next chapter.

Well this hidden rule seems to be working.
Because i am still waiting for an order for a month now.
And the result is really little profit but the price has been increased to much which makes other alt coins exchange rate to go really down. (About -20%)

harizen

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Quote from: prodigy8 on October 29, 2015, 03:46:35 AM

Quote from: lumeire on October 29, 2015, 01:00:40 AM

Quote from: Possum577 on October 28, 2015, 11:47:52 PM

Who's dumping their bitcoin? The price has been rising steadily for a few months now.

He meant, why 'would' people dump their coins I suppose.

@Ontopic, Probably they're already in a profit, and wouldn't risk it anymore. You'll do the same in the future believe me.

Or simple they who dump the price are impatient.
Have earned enough profit and don't want to wait more.
I would never dump the price, only if i have no other choice.

Another thing, they are trading expert. One trading rule is don't wait too long for price increase, If you make profit even a little when you buy coins much lower then sell it then wait for the next chapter.

prodigy8

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Activity: 532

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Quote from: lumeire on October 29, 2015, 01:00:40 AM

Quote from: Possum577 on October 28, 2015, 11:47:52 PM

Who's dumping their bitcoin? The price has been rising steadily for a few months now.

He meant, why 'would' people dump their coins I suppose.

@Ontopic, Probably they're already in a profit, and wouldn't risk it anymore. You'll do the same in the future believe me.

Or simple they who dump the price are impatient.
Have earned enough profit and don't want to wait more.
I would never dump the price, only if i have no other choice.

lumeire

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Quote from: Possum577 on October 28, 2015, 11:47:52 PM

Who's dumping their bitcoin? The price has been rising steadily for a few months now.

He meant, why 'would' people dump their coins I suppose.

@Ontopic, Probably they're already in a profit, and wouldn't risk it anymore. You'll do the same in the future believe me.

Possum577

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Loose lips sink sigs!

Who's dumping their bitcoin? The price has been rising steadily for a few months now.

TTMNewsMJ

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Most of the people becomes panic when they see the price of bitcoin.
It goes up and down. They being scared about it.

unununium

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To buy it cheaper after

Triple

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Quote from: Q7 on October 28, 2015, 07:06:55 AM

Sometimes people are there just for quick gains so that they can profit by buying back more bitcoin at lower price. Based on past trending that we saw happened early of the year, I can imagine people would start selling again at 310 level and then wait for the right time to buy back and ended up with more coins.

Yes. People look at these coins as they would any other investment. BTC price fluctuations are very similar to that of the stock market, and they're just playing the market.

Q7

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Sometimes people are there just for quick gains so that they can profit by buying back more bitcoin at lower price. Based on past trending that we saw happened early of the year, I can imagine people would start selling again at 310 level and then wait for the right time to buy back and ended up with more coins.

DiamondCardz

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Because they're scared of the price changes. Investing in a volatile asset or commodity or currency or whatever you like to call Bitcoin just isn't for everyone, some people don't have very high risk tolerance. In some cases that also causes them to make extremely irrational decisions even after they have researched and invested into assets.

harizen

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Quote from: jt byte on October 28, 2015, 06:53:43 AM

If people dump their price today i think that they are satisfied with the price.
Even though the price has been increased to much since the last 2 weeks.
Another thing why people dump is because maybe they found a better deal in altcoin or in the real life.

IMO some of the dumpers think that the price will not be stable at the following weeks but not lowered to $295 mark that's why they selling coins. Hope they are wrong lol. I really found it hard to speculate for the price movement today. sigh.

jt byte

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If people dump their price today i think that they are satisfied with the price.
Even though the price has been increased to much since the last 2 weeks.
Another thing why people dump is because maybe they found a better deal in altcoin or in the real life.

harizen

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Quote from: azguard on October 28, 2015, 06:08:18 AM

Quote from: TTMNewsMJ on October 17, 2015, 05:02:01 PM

I think because a lot of people needs to pay their bills. That's why they're surrender all their bitcoins.
If most of them surrender their bitcoin, the price of the bitcoin will become more lower.

this example happen to me last year and i sold half of my btc in this process and latter a regret it but that that way it goes

Regret is part of our life but in your case if you use your sold bitcoin in important matter then it's alright and just managed to keep back in the track. I experienced that a month ago and trying to keep back and somehow in a slow process everything goes fine a bit.

azguard

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Quote from: TTMNewsMJ on October 17, 2015, 05:02:01 PM

I think because a lot of people needs to pay their bills. That's why they're surrender all their bitcoins.
If most of them surrender their bitcoin, the price of the bitcoin will become more lower.

this example happen to me last year and i sold half of my btc in this process and latter a regret it but that that way it goes

pjsonowal

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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 .

even i think about this question... the first block of bitcoin... i mean block #170 has two addresses which has 18.56 and 56 BTC in there.......thats a lot of money ...a pure wastage of money...if you dont need that atleast donate it to some social organisations...

malzahar

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Quote from: ?? on ??

Quote from: Hugroll on October 13, 2015, 08:35:25 PM

i would dump my coins if i was convinced that bitcoin is going to crash and fail. unfortunately thers a alot of people spreading those rumors around

You can buy more coins because of the low price caused by the rumours.

Yeah, but that rumor has to be big..

It can be some small one, it has be like mt.gox or some bigger scam that hits everyone.

edric

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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've seen people dump a significant portion of their bitcoin holdings because the volatility becomes too much for them. They decide they have made enough profit and want to just sit on a smaller amount of bitcoin. Instead of worrying about the day to day movements, they just want to hold what they are willing to lose in case bitcoin goes to the moon but sell everything else. I've heard people do this when bitcoin gets to certain relative highs.

TTMNewsMJ

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I think because a lot of people needs to pay their bills. That's why they're surrender all their bitcoins.
If most of them surrender their bitcoin, the price of the bitcoin will become more lower.

dothebeats

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Quote from: Amph on October 15, 2015, 02:30:22 AM

Quote from: Hugroll on October 13, 2015, 08:35:25 PM

i would dump my coins if i was convinced that bitcoin is going to crash and fail. unfortunately thers a alot of people spreading those rumors around

i would wait for the actual number on the market before doing anything which i might regret later

i would be tempted to sell everything under 100, but only if the news(about network security, big hole, miners doing 51% etc...) suggest that bitcoin is really dying

And that would be the exact same time when everyone else would be selling a security-compromised coin. And in that scenario, I doubt if you could still sell your coins in such a chaos.

dothebeats

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Quote from: Amph on October 15, 2015, 02:30:22 AM

Quote from: Hugroll on October 13, 2015, 08:35:25 PM

i would dump my coins if i was convinced that bitcoin is going to crash and fail. unfortunately thers a alot of people spreading those rumors around

i would wait for the actual number on the market before doing anything which i might regret later

i would be tempted to sell everything under 100, but only if the news(about network security, big hole, miners doing 51% etc...) suggest that bitcoin is really dying

And that would be the exact same time when everyone else would be selling a security-compromised coin. And in that scenario, I doubt if you could still sell your coins in such a debacle.

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