Why people dump their Bitcoins ? - page 19.

harizen

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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

This.

In case of the sudden price crash and all speculations, analyzation and future forecast are very much supported by the those reputable bitcoin economist or a whole bitcoin nation then definitely I must act quickly if I will dump my beloved coins.

Amph

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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

prodigy8

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Quote from: harizen on October 14, 2015, 04:36:52 AM

Quote from: prodigy8 on October 14, 2015, 03:54:08 AM

It's interesting why people dump their bitcoin.
Because the have enough profit and don't want much more profit?
It can be because they need the money very fast, and for emergencies!

Most are doing this even me. Even I don't like to convert it for fiat because of the price still emergency is emergency. To keep up with the latest track, I always do some measures to make pay for what I dump so it can cover the loss while money is in real world.

When (any) emergencies come i don't look much at the price,
I just need the money asap and maybe i sell them for 5-10% less than in exchange.
These are bad days, but in general (normally) there is no need to make panics to other by dumping the bitcoin price.

OmegaStarScream

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Quote from: Proxiebuier on October 14, 2015, 08:43:38 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

if coindesk, cointellegraph, newsbtc or other Big bitcoin website make a good news bitcoin will be up
but if they put out the bad news some people will dump his bitcoin

I personally don't agree , I mean people who follow Coindesk and these kind of websites are bitcoiners already and know thereal value of BTC and I don't see much bad news in these websites ...
The real problem is the real media on TV which they can't speak about bitcoin without relating it on Deep web or Terrorism .

Proxiebuier

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Quote from: harizen on October 14, 2015, 08:53:40 AM

Quote from: Proxiebuier on October 14, 2015, 08:43:38 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

if coindesk, cointellegraph, newsbtc or other Big bitcoin website make a good news bitcoin will be up
but if they put out the bad news some people will dump his bitcoin

Well those people who just dump quickly because of a bad news is not a research enthusiast. News are really a big deal when it comes for monitoring price factors but news is news. Everyone must not only rely on news whether they will dump their bitcoins or not.

are you forget about hard dump after "Bitcoin XT" issue ?
some people panic sell
and other reason after The big ponzi scheme "bitcoin double" scaming people, more people sell his bitcoin because they scared if scamer (owner bitcoindouble) do hard dump before they sell

harizen

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Quote from: Proxiebuier on October 14, 2015, 08:43:38 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

if coindesk, cointellegraph, newsbtc or other Big bitcoin website make a good news bitcoin will be up
but if they put out the bad news some people will dump his bitcoin

Well those people who just dump quickly because of a bad news is not a research enthusiast. News are really a big deal when it comes for monitoring price factors but news is news. Everyone must not only rely on news whether they will dump their bitcoins or not.

Proxiebuier

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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

if coindesk, cointellegraph, newsbtc or other Big bitcoin website make a good news bitcoin will be up
but if they put out the bad news some people will dump his bitcoin

MrsHash

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Obviously, because they have no faith in it anymore or they just need money urgently like everybody said earlier. It stupid decision I think. U always need to have time on your hands when you do some investments.

harizen

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Quote from: prodigy8 on October 14, 2015, 03:54:08 AM

It's interesting why people dump their bitcoin.
Because the have enough profit and don't want much more profit?
It can be because they need the money very fast, and for emergencies!

Most are doing this even me. Even I don't like to convert it for fiat because of the price still emergency is emergency. To keep up with the latest track, I always do some measures to make pay for what I dump so it can cover the loss while money is in real world.

prodigy8

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It's interesting why people dump their bitcoin.
Because the have enough profit and don't want much more profit?
It can be because they need the money very fast, and for emergencies!

Hugroll

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Quote from: maku on October 13, 2015, 08:47:10 PM

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

If you believe in this rumors and are weavering about future of bitcoin you should not hold bitcoin in the first place.
Everyone with a half brain knows that amount of money invested in bitcoin is large at this point that bitcoin can't fall.

ya but it has fallen quite a few times actually, around 2 or 3months ago it was around ~300 then in a week it dropped to around 200 there were the same rumors at that time and im guessing that the people who listened saved a bit by selling early

maku

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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

If you believe in this rumors and are weavering about future of bitcoin you should not hold bitcoin in the first place.
Everyone with a half brain knows that amount of money invested in bitcoin is large at this point that bitcoin can't fall.

Hugroll

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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

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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 .

The people who dump their bitcoin are the ones who do not keep track of the price of bitcoin. They dump their bitcoin hastily instead of keeping track of the economy.

Poppy

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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 .

The reason why people dump their bitcoin is that it is extremely volatile. I would use my bitcoin, make it work for me.

gentlemand

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Quote from: Quinn on October 13, 2015, 06:23:43 PM

I would dump my bitcoin too if it gets extremely volatile. I would hold on to my dollars.

The volatility is what attracts a lot of people. There's plenty of money to be made there.

Quinn

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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 would dump my bitcoin too if it gets extremely volatile. I would hold on to my dollars.

gon

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everyone has their own reason why they dump their coins just like the others which is also
to fulfill our needs by cashing them out

ABCbits

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It must be traders or short-terms holder who dump their bitcoin Roll Eyes

Also, bitcoiner who don't believe in bitcoin anymore or afraid with bitcoin's future & miners who sell their bitcoin to cover it's maintenance cost

Or they need fiat not bitcoin Sad

Djisamsoe

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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 agree with this,but how if corporate do that?

Topic: Why people dump their Bitcoins ? - page 19. (Read 9765 times)