Why people sell bitcoins? - page 52.

ShineftChaos

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Quote from: imam ukik on November 17, 2017, 07:08:36 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.

For some people they just short trade. While others, sell bitcoin to purchase other cryptos and gain more. And then due to unavoidable circumstances they sell their bitcoin for example run out of cash.

leisha

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Well there are lot of reasons why people sell bitcoins. People might sell bitcoins when they need money and selling bitcoins is their only way to get such money. Like me, I am selling bitcoins when I need money for my family. People also sell bitcoins because they wanted to have a realistic money than digital money because they are scared to the fluctuating price of that currency. Some are scared to hold their bitcoins because it is prone to hackers so once they earn it, they sell it already. People have many reasons why they sell bitcoins but it is not big deal because we have an individual decisions so whatever we did, we should not compare it to others.

Manc89

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Quote from: A Feeder on December 18, 2017, 10:34:30 PM

People sell bitcoins to earn profit. But there is a speculation that people sell bitcoins before the bubble pops so that they could outsmart the investors. It is very crucial to execute the proper timing in buying bitcoins so one must be careful.

People sell bitcoin because the buy in lower price and sell in higher price.
Thats the first reason and i agree with you.
Second option is they sell it to usdt and cash out.

Larva14

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Quote from: Destroyeroff98 on November 17, 2017, 08:09:35 AM

Many people are investing in Bitcoin. Therefore, Bitcoins are sold if a person needs money or simply if the current price suits him.

I think there are some reason why people sell their bitcoin. I think the main reason why they need to sell it is money. Many people prefer to sell their bitcoin for money and if you sell your bitcoin on a high price you could really get a lot of money. I suggest you must hold it than to sell it.

MarkusIsaiah

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People sell their bitcoin because they need it. Like me, i sell some of my bitcoin because i need it for our daily expenses. my husband salary is not that much too provide our daily expense. so i need to sell some of our bitcoin too buy the needs of my two kiddos.

arrmia11

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Basically because of income that they can get from it. If the value of the bitcoin increases then they have the chance to earn a lot if they hold their bitcoin for a long period of time.

Maureenjoy

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Well people sell their bitcoin to earn from it. Ofcourse you need to make a profit out of what you have been doing. Hardwork must payoff as what they all say. And in order for you to do that is to sell it, you have to invest the bitcoin you bought then you have to monitor the value of bitcoins in the market. You do not want your coins sitting in your pocket while the price is getting higher. Money wise that is how you deal with those bitcoins.

saycryptohello

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Take profit and wait time for new purchase.

4U

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Quote from: A Feeder on December 18, 2017, 10:34:30 PM

People sell bitcoins to earn profit. But there is a speculation that people sell bitcoins before the bubble pops so that they could outsmart the investors. It is very crucial to execute the proper timing in buying bitcoins so one must be careful.

Bitcoin is a digital currency and it’s here to use you can use it for your daily expanse and also its here to earn from it there is also another reason that people are selling bitcoin and that is when investor buy bitcoin with low price and then they keep it on hold for some time and then when its price go high then they sell their bitcoins because bitcoin is a very good source of income as well so these two things are the reason to sell bitcoin.

intoy_victor

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Being clever is most exciting part of bitcoin. Why people sell bitcoin? that is one of strategy to earn more money in a wise, clever ang patience ways. If bitcoin has a high price they sell it and if the bitcoin price down they buy bitcoin to double there money. But you could do that if you have patience and your always active.

WhichIsGood

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A simple question requires the simplest answer. People sell bitcoin because of profit. Since you invested in bitcoin, you ought to have your investment returned to you. Even if you say that bitcoin value will continue to skyrocket so you should HODL, it is impractical because hodling bitcoins forever is unrealistic. At some point in time, you will have to exchange it to cash.

Shrinath

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The main reason for selling BTC is you need the fiat equivalent. We are investing time and earning BTC to be able to gain profit from it. A lot of buyers are content with a 20x or even a 40x profit. Not everybody may be able to take a risk of losing it and would rather enjoy the gains by watching green and red candles.

A Feeder

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People sell bitcoins to earn profit. But there is a speculation that people sell bitcoins before the bubble pops so that they could outsmart the investors. It is very crucial to execute the proper timing in buying bitcoins so one must be careful.

BTCMA3IA

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to pay bills , maybe?

claire

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Capitalism rocks my world.

Quote from: imam ukik on November 17, 2017, 07:08:36 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.

I sold mine in the beginning because I was investing in my company. But if I didn't need the money I would have waiting until now to sell it because It's really high and eventually it must come down. Everything pops at some point or another and then rises again if it survives.

nareshrohra

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Because watching the volatility of the bitcoin, they think its best to hedge their gain. Millionaire Mike Novogratz sold ETH when it reached $400 early this year. It is now at $800, but I bet he wouldn't regret selling them

Dani33

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I think people sell bitcoin or because the price is so high and they wait to buy again when and if the price will down or just because have need of money urgently

primeminer

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Quote from: jbombfb on December 18, 2017, 09:55:19 PM

Some sell because they are scared the price will go down and are happy with the profit of the selling point, some will because trade-wise is a good move, some will because they need cash, if everyone held then the market wouldn't exist

yeah right, if everyone holds Bitcoin then I think Bitcoin exchange will stop and disappear slowly. and Coin will be a monotonous and unattractive coin

Renai0925

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Well, how else can they earn money if they don't sell their bitcoins? In some cases if it's really urgent or an emergency, they need to sell their coins to pay their bills or other fees.

Rhesie

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There are so many people who invest in bitcoin. They sell bitcoin maybe because they need money or they want to get profit.

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