Why people dump their Bitcoins ? - page 20.

Proxiebuier

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Quote from: Zawamiya on October 11, 2015, 07:53:22 AM

most users dump their coins when they need cash, so rather then taking a loan they prefer to sell their coins for cash but in some cases people dumps them because they want to leave the crypto stuff and sell all their digital stuff for hard cash

all people need cash for "real life"
because bitcoin not accepted in all place and more offline merchand only accept cash

usually i sell 70% of my earning every months

StevenLiang

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Quote from: Poppy on October 12, 2015, 09:49:13 AM

Quote from: OmegaStarScream on October 06, 2015, 05:47:43 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 .

With bitcoin being so volatile, it is no surprise then that people will dump their bitcoin and walk away. I would not dump my bitcoin, but rather I would hold on to it and wait for the right moment to sell them.

Hi, Poppy.

At the end you still sell them. Undecided

For me, i will hold it and when i think it's a right time to trade it, i will trade it to another currencies such as Yuan, British Pound, etc.

Poppy

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Quote from: OmegaStarScream on October 06, 2015, 05:47:43 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 .

With bitcoin being so volatile, it is no surprise then that people will dump their bitcoin and walk away. I would not dump my bitcoin, but rather I would hold on to it and wait for the right moment to sell them.

Christyfrazier

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just to get money for real-life things

harizen

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For support ➡️ help.bc.game

I don't care for the price and speculations about bitcoin price. I dump bitcoin and I will dump it whenever I need it. Just like recently because of important matters. Bitcoin is not only meant for holding and waiting for it to become high price. It is part of my fiat currency now that covers some of my expenses.

lexuz

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Me, myself and I

Quote from: planetroving on October 12, 2015, 05:10:32 AM

In my personal opinion, people dump their Bitcoins because:
- they need money, maybe because of their current situation,
- they see the price of Bitcoin decreasing, so they sell to avoid further losses, or
- they have interest in Bitcoin or even all digital cryptocurrencies.

How about they dumb to get profit soon in the price high, i think it's just scenario sole trader to trap some people panic and sell their coin in cheap price

Quinn

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Quote from: OmegaStarScream on October 06, 2015, 05:47:43 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 their bitcoins because of the volatility of the price of bitcoins. They should always stay informed of the price of bitcoin.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

its what commonly happen in trading, dump for saving bitcoin, pump for selling bitcoin, and also selling btc in mass amount will make the bitcoin dumped even it will give little effect

madonnino

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it's the rule of the market, there will be always someone that dump (bitcoin, gold, silver, fiat, etc)

jaberwock

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The same reason why people dump their savings.

They need money for something else. Maybe pay fees, maybe they want to buy something, or invest in something else.

planetroving

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In my personal opinion, people dump their Bitcoins because:
- they need money, maybe because of their current situation,
- they see the price of Bitcoin decreasing, so they sell to avoid further losses, or
- they have interest in Bitcoin or even all digital cryptocurrencies.

Guido

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some buy, some sell, some hodl
miners dump for most part to cover costs
others trade to try to get more coin

many different angles

StevenLiang

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Quote from: randy8777 on October 10, 2015, 04:25:12 AM

Quote from: Anmol_Verma on October 09, 2015, 09:55:34 PM

May be because they lose trust or just have got more then enough money that think to dump thier coins instead of donating Grin

it's mostly a trading related thing when people sell. they think they can buy back lower, thus increase their amount of coins. people who lost trust in bitcoin should never come back.

Not all bitcoin seller mean will dump BTC or do not have trust on BTC.

We all just make self assumption and seek for some profit in trade.

Zawamiya

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most users dump their coins when they need cash, so rather then taking a loan they prefer to sell their coins for cash but in some cases people dumps them because they want to leave the crypto stuff and sell all their digital stuff for hard cash

Sir_lagsalot

sr. member

Activity: 392

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Woah, people are dumping their bitcoin? Give me a list of them so I can buy bitcoin of em!

I think they're either trying to sway the market so that only they make profit, or just no faith in bitcoin. (Unbelievers.)

randy8777

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Quote from: Anmol_Verma on October 09, 2015, 09:55:34 PM

May be because they lose trust or just have got more then enough money that think to dump thier coins instead of donating Grin

it's mostly a trading related thing when people sell. they think they can buy back lower, thus increase their amount of coins. people who lost trust in bitcoin should never come back.

tompredoj

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Quote from: Anmol_Verma on October 09, 2015, 09:55:34 PM

May be because they lose trust or just have got more then enough money that think to dump thier coins instead of donating Grin

People who has faith in bitcoin either will not sell or donate. They will keep it for ever. So, people sell for some other reasons.

iqlimasyadiqa

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Quote from: Anmol_Verma on October 09, 2015, 09:55:34 PM

May be because they lose trust or just have got more then enough money that think to dump thier coins instead of donating Grin

I think throwing money is not the way. freaks if he threw the money with ease. better hold a contest and he will be famous.

eternalgloom

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It could just be that some people view it as a relatively short term investment and they are unsure if Bitcoins will hold their value for much longer.

Or people could just lose interest and just get out completely.

Anmol_Verma

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May be because they lose trust or just have got more then enough money that think to dump thier coins instead of donating Grin

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