Why people sell bitcoins? - page 53.

Pumapipa

full member

Activity: 462

Merit: 100

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.

Bitcoin's life is sustained by constantly using that currency. So, in my opinion, people sell bitcoins mainly to sustain their needs. That is why there are many users joining signature campaigns, only to earn bitcoins and sell them or dump thereafter. This is a vicious cycle of need.

jbombfb

jr. member

Activity: 56

Merit: 10

ExtraCredit - BitcoinHomework

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

soenaderecho10

member

Activity: 322

Merit: 25

“OPEN GAMING PLATFORM”

Quote from: 378budiman on December 18, 2017, 08:45:03 PM

bitcoin is a means of investment, but if you really need money for any reason, you have to sell the coins to get some kind of money back. and they want to benefit from the bitcoin stored.

It depends of setuation if the bitcoin will high pricing i will sell that if the bitcoin will down i keep my bitcoin if i have a problem of money i will sell my bitcoin theres have many reason of people why sell bitcoin for me it dependa of setuation.

joan26

member

Activity: 168

Merit: 10

People sell their bitcoins to generate profit from it, or sometimes other just as typical because they need cash for their everyday needs, just like me instead of holding bitcoins to gain profit of it, I sell it or convert into cash for my needs.

378budiman

member

Activity: 299

Merit: 10

bitcoin is a means of investment, but if you really need money for any reason, you have to sell the coins to get some kind of money back. and they want to benefit from the bitcoin stored.

Isaacck1

full member

Activity: 244

Merit: 101

There are infinite of reasons why people sell their bitcoins. First of all, people sell because they think its price is high enough to give them a profit. Others sell their bitcoins so they can buy other cryptocurrency. Some people sell because they feel there will be a decrease on its price. Some people sell their bitcoins because of their personal needs or they just want to use it for purchasing purposes.

carlos01

newbie

Activity: 33

Merit: 0

sold for a reason, it's because they already made a profit and think
n that I go down to buy more and sell expensive so on

cdog

hero member

Activity: 1036

Merit: 500

Quote from: Chekitan on December 18, 2017, 01:29:21 PM

As bitcoin is usually used by people gor investment they sell it off seeing profit as the rates increase.

I think, for people who know, selling Bitcoin is a bad strategy they will not sell their Bitcoin because Bitcoin price increase is already in the know of many people. maybe next year will be higher

bigeus

newbie

Activity: 23

Merit: 0

People can use bitcoin in many ways. They sell it for their own needs. They can earn their livelihood by selling bitcoin, sometime they use it for financial problem.

louisedem

member

Activity: 126

Merit: 10

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 have a point on the reason why your people in your country tend to sell their bitcoin rather than saving it for a reason that they really wanted to earn profit by means of selling their bitcoin earnings. It feels so bad that even bitcoin usage is legal in your country, still your government wanted to not to allow bitcoin potentiality to grow in your place. With bitcoin holding and saving it will be much more beneficial and greater possibility to gain and earn an income rather than selling it for easy gaining of income.

cryptothreads

hero member

Activity: 1274

Merit: 500

Because when it reaches a value that is too high and they feel it is peaking so they sell it and expect it to dump back to buy for a cheaper price but this will give us more pressure because we can not be sure what will happen next when we enter the cryptocurrency market.

unknown-user

full member

Activity: 445

Merit: 100

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.

For investors, it is their way of gathering the rewards of their hardwork. But another reason is maybe they are really in need of.money since wea all know that its market value is conrinuously increasing. What's the connection? So since its price is continuously growing, it would be much practical on not to sell it but rather hold it to earn huge profit in the future.

An0nyMoose

sr. member

Activity: 490

Merit: 255

People are selling Bitcoins now because they think the price is already skyrocketed and there is going to be a crash.

I personally would say there will bea crash soon because it is simple economics.

It doesn't make sense to keep Bitcoin right now when there is such a high price rise. The smart thing to do is sell and buy back when the price dips back down to under $10,000.

CryptoCurr

newbie

Activity: 39

Merit: 0

People sell their bitcoins for different reasons;

1. trading bitcoin for altcoins or profit
2. trading bitcoin for fiat when in need of money.
3. Some trade their bitcoins just for fun to have the experience.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: secondgarlic on November 17, 2017, 06:10:00 AM

Well ideally bitcoin is a means of investment, but if you really need the money for whatever reason, you have to sell the coins to get some sort of fiat currency back.

Nicely said and seeing that people these days have decided to go all in with bitcoin its just reasonable that the cash out their bitcoins once in a while as needs such as food, healthcare, the list goes on...which will always be there and people need to look after themselves to survive.

Other people sell bitcoins because its part of there livelihood in making money.

CutoutIsTaken

newbie

Activity: 14

Merit: 0

I think a lot of people's incentive to sell is simply that they feel they've made enough, and they don't want to risk losing what they've lost. Say someone got into bitcoin pretty early on, and bought 10 when they were 50 dollars each. At this point, they might feel that if they sell now, they've made 180,000 dollars, and that isn't worth risking.

Titanos

full member

Activity: 208

Merit: 100

People are selling bitcoin because different reasons:
- need of money
- daily trading
- expecting a dump.

Cr7go4

newbie

Activity: 16

Merit: 0

As it is growing rapidly and those people have already bitcoin can sell it and change there life style those who have already bitcoin can sell it with higher price and help themselves

sheamus10

full member

Activity: 560

Merit: 100

Quote from: easynote on December 17, 2017, 03:47:40 PM

Quote from: ed_Berrington on December 17, 2017, 02:35:26 PM

It's very simple, people buy Bitcoin at the same price, and then sell it at a higher price, and this improves their financial status.

People that want to make their money really fast want to sell their coins. Bitcoin can get sold later when then price is high.

it is the best way, many people who need money with fast way. But determining the moment when the coin's price goes up or down is very difficult, we must continue to observe and not do other activities.

teejayrichard2

member

Activity: 574

Merit: 12

People sell bitcoin for two major reasons, first because they need Money to sort out things which are important to them and secondly BTC has become a trade to people. People now buy and sell BTC making huge profits because BTC value keeps rising. People buy at a cheap price and sell when prices go up thereby making huge profits.

Topic: Why people sell bitcoins? - page 53. (Read 9943 times)