Why people sell bitcoins? - page 3. | Bitcointalksearch.org

jakezyrus

full member

Activity: 714

Merit: 100

Quote from: DMC_Ken on February 19, 2018, 04:52:50 AM

The reason why people selling their bitcoin, is they need some financial for their life and for their family or they selling it because they need to pay some bills like paying their electricity bill or paying their water bill, so that's why people selling their bitcoin, but sometimes they selling it because they know that they can get profit.

agree. that is actually the main reason why people sell bitcoins but there were also people that does not sell bitcoins , rather they just buy and hold their bitcoins for a verry long time. They are only doing it in the means of investment because they think the value of bitcoin will still increase in the future. overall , bitcoin should be sell and spend in the first place because it is a currency and not an investment tool or an asset.

mx667

full member

Activity: 294

Merit: 114

Quote from: DMC_Ken on February 19, 2018, 04:52:50 AM

The reason why people selling their bitcoin, is they need some financial for their life and for their family or they selling it because they need to pay some bills like paying their electricity bill or paying their water bill, so that's why people selling their bitcoin, but sometimes they selling it because they know that they can get profit.

Maybe they already get profit so they decided to sell Bitcoin. Maybe they are doing some short-term trading or you can called it also as short-term investment. Maybe they are investing in some new Altcoins that the price will increase in short-time. Usually people will predict some Altcoins that are new in the market and they will buy them. Usually people like that will separate and invest in some Altcoins not just one Altcoin. Some of that Altcoin will give profit in short-term, but some of that Altcoin may go down as the price bump and you may get lose. Selling Bitcoin is just for those who do short-term investment, I guess. Or they already do long-term investment, and now is the time to sell.

DMC_Ken

sr. member

Activity: 363

Merit: 250

The reason why people selling their bitcoin, is they need some financial for their life and for their family or they selling it because they need to pay some bills like paying their electricity bill or paying their water bill, so that's why people selling their bitcoin, but sometimes they selling it because they know that they can get profit.

viarathel

member

Activity: 243

Merit: 11

I think people sell bitcoin because of their daily life needs, because bitcoin can be exchanged for fiat money but it may be that some users / investors see this as a lucrative investment if it is sold when bitcoin prices are high for profit, also buy again when bitcoin prices low.

miss.M

member

Activity: 171

Merit: 10

In my opinion they sell their bitcoin because they need it in important matter. Being practical is not illegal when selling bitcoin there are many good reason and it depends upon the people why they sell it. But for me i only sell my bitcoin if the price is good enough to me and if i use it in good reason.

Whiteconjuror

newbie

Activity: 20

Merit: 0

To estimate the number of owners of bitcoins is not just difficult, but impossible in principle. This is based on the basic characteristics of the crypto currency as such: decentralization, lack of control over state regulators and, what is important in our case, anonymity. It is anonymity that does not allow us to obtain correct statistical data. The number of registered bitcoin-purses also does not help, since one person can have their unlimited number. The only estimate that can be given is this: if today all the bitcoins are divided equally, each inhabitant of the Earth will get about 0.002 bitecoins.

gvnsrbtc

sr. member

Activity: 523

Merit: 285

Anyone can buy or sell anything they have anytime

Most reasonable cause is panic! Especially new comers who bought btc in 18-19k dollars is shocked by big drop to 6k. They have no experience about bitcoin or generally trading. So they panic and sell. I've made same mistake first times I invest. Now I'm cold blooded hodler

gantez

full member

Activity: 1736

Merit: 121

Quote from: imam ukik on November 17, 2017, 06:08:36 AM

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

You hodl to sell some day when price has appreciated, so you can't keep it when you are in dare need.

On the other hand, the reason that you sold when price has gone up is exactly why people will sell.

Henry Sy

member

Activity: 193

Merit: 83

Quote from: imam ukik on November 17, 2017, 06:08:36 AM

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

People tend to sell their Bitcoins for their own practical reasons and that was simply just to earn and gain an instant income for their own selves. Which is one of those reasons are stated by yours that the government playing a big role in forbidding its people from using it which pushes them to sell it at an early stage even if they still want to hold it for a while to keep on making it rising for their own benefits. Also, maybe they are just tired of waiting on how long they will hold and they see that there is a potential if they will just sell it to gain for their own.

AnnaGeraMsk

jr. member

Activity: 280

Merit: 2

Spiculants give rise to demand and price volatility, from this and the price jumps, and those who have nerves and health are not enough to sell, they are usually called hamsters!)

khai29

jr. member

Activity: 112

Merit: 1

because all people wanted money,and that is one way to earn money is to sell a bitcoin if you have it.

nuggetbram

full member

Activity: 326

Merit: 100

I think there are a lot of factors which cause people to sell their bitcoins. Also in some country's the bitcoin is forbidden, which forces people to sell their stack.

RockHenki

member

Activity: 238

Merit: 10

People sell their bitcoins because they are emotional investors and do not understand the volatility when it comes to the crypto market, always remembering that bitcoin is volatile. Or maybe many bitcoin sellers because they need money to make a profit to invest in other co.

JihanAs

jr. member

Activity: 70

Merit: 5

PITCH – THE FUTURE OF OPPORTUNITY

Quote from: imam ukik on November 17, 2017, 06:08:36 AM

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

Currently in some countries it prohibits bitcoin as a means of payment transactions, there are some things the government has not agreed on.
try to think positive because in the future there will be a change, I think digital currency is a big step in technological progress because of its positive impact can change global trade. so my advice try to divide trading and save bitcoin and jngan always on sale.

kkukkugaga

member

Activity: 238

Merit: 10

Hello World!

People sell btc simply because they need money. Btc is an investment but when the user badly needs money, he doesn't have any choice but to sell his coins.

lucian999

newbie

Activity: 144

Merit: 0

people sell bitcoin to gain more revenue because when you pay a lot of money here and others just want their stock young money here and get it when the btc price is high there are lots of reasons why people They sell btc money just like they really want to make money here.

PsylockReborn

member

Activity: 420

Merit: 24

Quote from: imam ukik on November 17, 2017, 06:08:36 AM

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

Always remember that btc value is very volatile. Always invest an amount that you can afford to lose. People sell their bitcoins cos they are emotional investors and don't understand the volatility when it comes to crypto market. Bitcoin has already proven its worth, so we can't really tell if it's value will skyrocket again or not. The best thing to do right now is hodl. goodluck to everyone and happy hodling!

hunter50

newbie

Activity: 322

Merit: 0

Of course, people sell bitcoin to gain more bitcoins. People are selling bitcoins because their most need money. After buying it for an small amount selling it in a high amount is the best way to earn from it.these are the main reasons people sell bitcoin.

gareng1468

jr. member

Activity: 168

Merit: 5

the current market price is good, btc prices are rising. for now this might be a good enough reason to sell. if you look at yesterday's market day.

gilabusuk1

full member

Activity: 311

Merit: 100

Quote from: Doni Ariyanto on February 14, 2018, 10:24:41 PM

What I once knew Bitcoin is an investment advice that when we need it will definitely sell it. I mean, we do not know how every second we'll face in the future as well as when you face urgent circumstances that require cash to resolve your urgency.

really, people will definitely sell the bitcoin they have when they need it even if the price is good or not good
because the need no one knows the coming so sell bitcoin also at any time without any planning

Topic: Why people sell bitcoins? - page 3. (Read 9943 times)