Topic: Why people dump their Bitcoins ? - page 8. (Read 9765 times)
its just because their are not satisfied to what they have they want a high profit immediately by investing lest money so that's why they dump it and walk away and think its not happening but it is they dump and the price will fallow too so many will grab the chance to invest.
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 .
As I can observe and based on what I can see, the reason why most people who have Bitcoin tend to dump their holdings at the time when Bitcoin is also experiencing on its dump which maybe practically means that they do it to gain instant money to somehow cut their loss since many people are up into buying Bitcoin at the very affordable price or it is just that they do need to do such thing as selling it for emergency purposes or they do not just see what will be the essence of holding it anymore for good. Which is sad but true that because of the countless and continuous dumps that Bitcoin has experienced for too many times, it is maybe making their hope to fade away to come up into a decision of dropping their Bitcoin by selling it at low price. 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 .
Because they can't handle the risk well, and eded panic selling.
The main reason for desperately needing a fiat and can not wait, I'm sure they do not like dumps or sell bitcoins because they are convinced that bitcoin has the potential to skyrocket and can sell at an expensive price.
After they dumps their bitcoin then they hope to buy again with a cheaper price, and this is what makes bitcoin prices are difficult to rise so we must be extra patient to be able to see prices skyrocket like last year.
actually the bitcoin price drop was due to some issues that made bitcoin itself a negative target. yes, because of some of these issues, people are panicking, and selling the assets they own, thus making bitcoin prices into dumps.
After they dumps their bitcoin then they hope to buy again with a cheaper price, and this is what makes bitcoin prices are difficult to rise so we must be extra patient to be able to see prices skyrocket like last year.
I think some of it may be simply due to people losing interest in Bitcoin. Not everyone gets into Bitcoin equipped with enduring passion, after a while some will naturally gravitate away from it. This is a natural process, nothing wrong with it, Bitcoin is still moving forward.
People believe FUD with big names like Waffen or Bill Gates.Also, investors want to dump their money. Scare price will drop again, also what happen with Mt.Gox?
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 .
Because you wanted the profit that's why you invest into bitcoin in the first place and having to lose profit along the way makes you flip out and panic sell turning your backs to bitcoin and not investing anymore. When you shouldn't have done it because it is very normal for bitcoin to have these days where there's just a massive dumping in the price and we can't control it. All we need to do is to wait and it is all gonna be worth it. 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 think some of it may be simply due to people losing interest in Bitcoin. Not everyone gets into Bitcoin equipped with enduring passion, after a while some will naturally gravitate away from it. This is a natural process, nothing wrong with it, Bitcoin is still moving forward.
As I invest my money I only dump my bitcoin because of my emergency needs in my family. But for those other people who dump their bitcoin to earn their profit is because maybe they reached the limit of their patience of waiting to much to make their investments grow much bigger or their investments gets the better amount of profit that they like to get it in their wallet to spend to their needs to themselves.
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 .
In my own personal opinion, people dumps and stop using bitcoin because they have troubles in earning bitcoins and they have experienced a lot of scams, that is why we should guide this people who lose hope and don't believe in bitcoin. 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 .
Lack of maturity is the only reason why people can't sustain themselves during the downfall of the market. As the great investor Warren Buffet says, "Be greedy when others are fearful and be fearful when others are greedy", he believes that many investors just follow the market sentiments and take decisions based on the market mood and that's the good opportunity to make money by going against the flow as there is the lowest competition. When newbies sell their investment during a crash, a wise investor is buying it slowly considering the turnaround from the future.
Most time the choice of dumping bitcoin is personal and at that it hard to say what exactly made them to dump bitcoin, but let me point out a few out of my personal observations. People dump bitcoin and move simply because they don't believe in the future of bitcoin so at that they are always prompt to cash out in other not to lose all.
I believe you are saying this from your personal experience of what you do on a weekly bases after you get paid from the services you render to the current company you are advertising. But for me, i think people dump their bitcoin because of financial needs which they need to take care off as that is the main purpose of one seeking for more money.
Most time the choice of dumping bitcoin is personal and at that it hard to say what exactly made them to dump bitcoin, but let me point out a few out of my personal observations. People dump bitcoin and move simply because they don't believe in the future of bitcoin so at that they are always prompt to cash out in other not to lose all.
People, who is not an investor and who does not trade, have an imagination about bitcoin like a rocket i.e. as they think bitcoin have always to show a fast and strong growth but it is a wrong imagination because bitcoin cannot grow always it must also be downward trends, flat and weak upward trends.
It all balls down to the present situation of the individual, because generally everyone faces challenges and for some individuals most times the only way out is to sell out or dump like you call it. on the other hand the fear of loosing all to fraudsters.
People are being panic. Most people do not have full information to draw the right conclusions. And they sell bitcoin because they follow the crowd.
Some dump when they are in need of money
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 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 most important thing in digital currency like BTC is their marketplace.
If bitcoin accepted in global market, and specially on many online businesses. The bitcoin price can going up again.
But it is (for some people) their right to dump bitcoin. Because in fact bitcoin price is drop from $1,200 (Jan 2014) until today still at $381.
The reason they throw it away may be because of panic and fear the bitcoin price disappears into panic then sells everything .. but it's their right to throw it away even though it's actually a wrong move and usually it happens with new people who are not too far away to know the benefits of bitcoin or know the market situation .. if they want to ask or can find info about bitcoin movement I think they will think again to sell it .. and if the reason is sold to buy other coins to trade or just sell little by necessity or need money, it does not matter .. because having bitcoin is everyone's hope and should be put to good use to grow or become more profitable ..
Yeah we know some people its panic, but its because the market condition. if you can using some indicator for predicted the price market well i think you will try to sell and buying again at dip phase / panic phase Your panic = my profit
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