Why people dump their Bitcoins ? - page 4.

loreykyutt05

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Quote from: mel1978 on May 20, 2018, 05:08:19 PM

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 guess people are dumping their bitcoins because they are in need of money, and maybe some people are thinking they might lose their money for the price of bitcoin that ate dumping. Like me although I am planning to save and hold bitcoins there are instances that I will sell some for I am in need to.

Sad to say but this is true , For me bitcoin is an investment however due to unforeseen circumstances I am forced to sell some of my bitcoins due to personal needs , most of my extra money was on bitcoin so I dont have any choice but to sell some of it even thou sometimes I'm still at lost.

mel1978

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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 guess people are dumping their bitcoins because they are in need of money, and maybe some people are thinking they might lose their money for the price of bitcoin that ate dumping. Like me although I am planning to save and hold bitcoins there are instances that I will sell some for I am in need to.

bib24

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Its either they need an urgent fund or they cannot handle the risk of this investments, specially when the market price drastically went down.

reidel21

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I do not think it's panic because when the bitcoin price is nearly $ 20000, there are not many sellers and they are buying. The downside may be due to some investors snapping profits to other assets such as gold and dollars. And maybe the sharks are deliberately trying to buy back

biletskiy

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Quote from: Cling18 on May 14, 2018, 02:00:29 PM

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 .

Simply because they just want to get a good profit. We all know that we all have our own needs and it is for us on how we wisely manage the growth ofbour earnings. As for me, people dump it because all have their own needs and plans for it and it is just for them to decide about it.

Most of them just want to get the cash and make the profit, while the other ones are worrying about the possible losses. They think that Bitcoin can fall greatly.

nur rochid

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Quote from: mel1978 on May 20, 2018, 03:27:56 AM

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 .

Some people dump their bitcoins because they were afraid of the price that were dumping they afraid there money might lose. But that is not good idea of course bitcoin for me is very amazing and cannot be worried if the price dump. Hopefully to those who dump their bitcoins will now realize the bad effect if sold at very low price.

besides that there is also a goal to buy back the lowest price, they do consciously because they are senior traders who dare to take risks to meet their analysis

mel1978

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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 .

Some people dump their bitcoins because they were afraid of the price that were dumping they afraid there money might lose. But that is not good idea of course bitcoin for me is very amazing and cannot be worried if the price dump. Hopefully to those who dump their bitcoins will now realize the bad effect if sold at very low price.

Rajamuda

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The various reasons of the many people who are influenced by certain things, basically.. it will not be same about all of it and have the certain reasons related to the condition of their life. We can't emphasize that people are just panicked or afraid, well apart from that.. there are many other reasons that are also related to their respective governments that could have been really opposite with it.
There are times when it causes a decrease in price.. and there are times ahead there will be certain causes that can make people believe more, that prioritizes bitcoin, who knows it will happen.

Lesterus

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Maybe people have negative feelings that bitcoin will continuously decreased its price and the best way to dont have a huge lost is to sell their assets in other words they are panic selling sometimes people need the money and they are have no choice to sell their btc to support their financial needs.

andika2018

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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 .

Maybe they just get panic with many negative news about bitcoin or other cryptocurrency. We should be affected with negative news if we already trust with bitcoin technology.
But many factors why people selling their bitcoin and they must be have their own reason

Grayy

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People who dump their bitcoin usually do so because they do not understand the actual use of bitcoin or they may not be abreast of how to use bitcoin apart from investing it. Some also join the terrain through FOMO and begin to sell their coin when there is just a little shake in the crypto markets.

cotton ball

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only two main factors are because they want to sell according to plan, or indeed their minds have been contaminated by the level of patience that is thinning with various negative rumors that occur. Unclear regulation is also an important factor and many people still do not believe in 100% bitcoin assets due to excessive fear with potential bans.

xandra

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I think the reason why they dump or sell their bitcoin it is because they are getting panic that it will never pump again or maybe they just really in need that is why they convert their bitcoin into fiat.

torch2121

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I think everyone has their own mind set when to exchange and how to profit on their investment. That's why it is been contributed to dump. Most of the time people's strategy is buy and sell, most specially our cryptocurrency is very volatile. It is a win win situation for us users.

safari88

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Quote from: basty03 on May 19, 2018, 05:30:03 PM

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 .

There's many reason why they dump their bitcoin either they need money immediately, they not know how to hold so they sell it and panicking because when they see the market down they panic immediately and sell it all. If you are really know about cryptocurrencies and know how hold it I think you will not sump you bitcoin. Some of us is tired to read and learn more about cryptocurrencies that's why they end to always dumping if their bitcoins.

I think one of the biggest factor is panic because bitcoin is easy to move because of rumors, so many people easily panic. yeah we can see some examples, when many negative rumors about bitcoin, prices will go down and vice versa when a lot of positive news, bitcoin prices will rise.

basty03

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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 .

There's many reason why they dump their bitcoin either they need money immediately, they not know how to hold so they sell it and panicking because when they see the market down they panic immediately and sell it all. If you are really know about cryptocurrencies and know how hold it I think you will not sump you bitcoin. Some of us is tired to read and learn more about cryptocurrencies that's why they end to always dumping if their bitcoins.

AniviaBtc

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Quote from: sharm2121 on May 18, 2018, 11:12:39 PM

Quote from: okae on October 06, 2015, 07:28:20 AM

i think that panic and his need of money are the main reasons about why someone will dump his bitcoins.

i understand the needed of money will force you to sell your bitcoins, but panic?, whatever who sell his bitcoins because he have panic didn't understand well what bitcoins is, they will repent later.

We have the same opinion, maybe they have emergency and they need money thats why they sell their bitcoin even in a low price.

But panic selling because of the price dropped will not help you to earn money, instead you will just lose your money. If you have a kind of mind like this better not to invest in bitcoin because it will not help you.

I agree, this is because they dump their bitcoins because they need money or they have family emergencies. This is a primary reason why they dump. Even me, I will do it too if we have emergency. But thank God, we are safe. So my Bitcoin is safe to. Wink

Twentyonepaylots

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Quote from: Ceizer54 on October 06, 2015, 01:30:15 PM

People dump or sell thier bitcoins due to many reasons..some of these reasons are panic--Some people lose patience watching the price of bitcoin drop and they just got panic enough to sell thier coins and walk away and thus just dropping the price of bitcoins little more...Another reason is loss of trust in bitcoins..People also dump bitcoins when they hear a lot of scam going around by people related to bitcoins stealing etc and people think that bitcoin network isnt secure so they sell and walk away Tongue

People dump there Bitcoin for so many reason, yes, it maybe because of panic dumping, or maybe one decided to go out of Bitcoin project investment, tired on Bitcoin project. That's the reality of investors, they can exit anytime when they desire to take their gain after market trading. It may also consider the confidence trust of every investor on the said coin project, if they do some market research and the treed is not favorable to the investor, some investor are just do the trading not a long term investment.

NewRanger

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Quote from: amelitojr47 on May 18, 2018, 11:34:30 PM

some people will dump there bitcoin if there a big reason espcially if the have problem of there finances, for now no one will dump there bitcoin because of the value and the price of bitcoin will going up.

people selling their bitcoin asset caused by fud that make much peoples fear.and they have not good mentality to hold their asset until its price going high.

amelitojr47

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some people will dump there bitcoin if there a big reason espcially if the have problem of there finances, for now no one will dump there bitcoin because of the value and the price of bitcoin will going up.

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