Why people sell bitcoins? - page 39.

kpcian

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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.

it's a simple case When the price is growing up naturally Bitcoin holders are willing to sell their Bitcoin at that moment. a requirement of money can be another reason for this issue.
I think there are some reasons behind work in this issue. Suppose, if the government of one state starts to regulate in the Bitcoin platform then the people of this state get panic and they want to sell their stock immediately.

But I don't support this policy anymore. I want to keep my stock for a long time because I know it will bring a lot of monetary benefit in the future. So selling is not an ultimate solution regarding this issue.

adivip

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yes,people sell bitcoin for profits and some emergency situations also people can sell bitcoin .we can exchange bitcoin to our country currency.

P3

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Quote from: daglordjames on December 29, 2017, 09:15:58 AM

i think they are tired of investing their bitcoins and they are not too willing to wait when to sell their bitcoins.

Yeah some people are tired of their investments or have made enough money from the investment that no longer want to hold it for the risk

malourdesesmores07

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We have to sell bitcoin to make profit and selling bitcoin is major part when bitcoin market get higher.

farwellbit

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Quote from: lyledark10 on December 25, 2017, 07:58:04 AM

People sell bitcoins when BTC price comes bigger. We might sell it than keep it Grin

cause bitcoin has an UNSTABLE PRICE

This is the major reason for sling of bitcoin. People simply want to enjoy their profits with bitcoin and the fruit of their patience that they had exhibited with bitcoin. Bitcoin is very expensive but if you are not enjoying the profit it is providing you, ultimately you will lose interest into bitcoin. Other reasons of selling off bitcoin may include need of large amount of money on urgent basis for various purposes.

pusa aso

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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.

well....they are selling there bitcoin because maybe they are afraid that the price of bitcoin will go down,but for me i would rather choose to hold my bitcoin and wait for the highest rate ever.

bitzizzix

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Quote from: LogitechMouse on November 17, 2017, 09:11:41 AM

The main reason why people sell bitcoins is because they are in need of fiat money in order to buy things they want so they convert their bitcoins into fiat money. One reason too is they are selling it because they want to buy another coin that they know the price will increase. One reason too is because they are afraid to be lose in short they are doing panic selling.

All there must be a reason because the purpose is in bitcoin to meet the needs or improve life, if it is a very important need not hurt to sell some of the most important bitcoin sell it not when the bitcoin price down. let them sell it if it is a must and everyone has their own way and keep the goal to make life better.

Jackblack90909

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People have usually many reasons to sell their bitcoins, but nowadays the number of Bitcoin's holders increased because people tried to make money as the price go up fastly. They sell usually because they need fiat money, or to invest in other crypto currencies or ICO projects.

SiOmnesEgoNon

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I think people sell bitcoins for make profit then when the price is low they will buy it again. Do not worry.

Koobtcgal

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Acewins.io

People sell bitcoins because they have met their expected profit. Most of them are traders on exchanges and not just dumpers. Some also sell for potentially better coins they have perceived. Others sell because of panic, when the price of btc drops a little lower, people panic and sell their precious bitcoins

Anyobsss

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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 already know what the answer yet you still ask that question and yes you're right, people are selling bitcoin to make profit , i'm sure that they could just hold it and wait for it to grow more but they selling it instead, that is because they need money, we need money.

Glorfindelian

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Right now the only reason people are investing in bitcoins is because it is seen as a way to make money. The value of Bitcoins has soared over the past few months. Right now (8 December 2017), one bitcoin is equal to £11,410.56 or US$15,327.70. Less than a week earlier one coin was worth $12,000. It’s gone up 1,300% in 2017.Back in 2009 when Bitcoin first appeared, $27 might have bought you 5,000 Bitcoins. If you’d have bought back then you’d be sitting on a nice little nest egg.

Glaurung

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They might be using smaller exchanges or just transacting with people locally. Everyone is free to set their own prices for exchange. To avoid revealing any personal information (signing up for an account at an exchange, linking to bank account, etc) and maintain complete secrecy the seller might accept a lower exchange rate than the averages.

Jake_Shannen

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People sell because they want to profit. What they've sold are tokens that have already gained some percent of profit.

crytomusica

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Quote from: Pandacomel on December 30, 2017, 10:18:20 PM

In my opinion ,people sell there bitcoin to get money .Money still needed in globalcity eventhought the price of bitcoin increase drastictly in year 2017 .But we didn't know how much the price of bitcoin in year 2018 .

I believe it is more complicated than this. There are more reasons than that. Last week majority of people have sold because it was holiday week and people needed cash for presents and travel expenses. Some people sell because they are afraid that their investing can be less if bitcoin keep on falling.

Bessta

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People are into bitcoin to invest and earn and it is but reasonable that once you see that you are earning and you are in need of money you will sell.

passwordnow

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Most of the people that are selling their bitcoins now are the ones that they can't really take the few for now. They have come up to a decision that they don't want to but they have to do it as transaction fee is starting to increase and not all the holders, traders and investors of bitcoin can take it anymore otherwise they are selling because they need cash for welcoming the holidays season.

TiffanyLien23

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They sell bitcoins rather than holding it because it might be possible that they must need the profit especially in emergency cases. Whatever the reason it is, as long as they needed it they prefer to sell than to hold.

bigvito19

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cause they have reasons too Grin

Anti-Cen

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High fees = low BTC price

"Why people sell bitcoins?"

1. Crazy high fees
2. Loss of trust in development team because BTC won't scale and they knew it.
3. Price is going downwards due to fees and the steam engine needs to make way for petrol engine
4. Know when to hold it and when to fold it
5. Understand LN and can see Hubs as being just another name for bankers

I don't know the list is endless but as fees went up, BTC traded sideways and as news gets out
then we start to see a steady drop in the price and that could well turn into a full on crash if
the dev team does not get off its bum and does something before it's too late.

Topic: Why people sell bitcoins? - page 39. (Read 9943 times)