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Topic: Why people sell bitcoins? - page 59. (Read 9943 times)

full member
Activity: 266
Merit: 100
December 08, 2017, 10:25:32 PM
People sell bitcoin because they need extra cost in their lives, or sell bitcoin because they are looking for profits to be returned to capital to buy bitcoin. But it all depends on the situation and condition of the owner of bitcoin itself.
full member
Activity: 406
Merit: 105
December 08, 2017, 10:14:36 PM
Bitcoin is a cryto currency that operates through digital online. So, how come the government can can forbid the use of Bitcoin and any cryto currencies? Especially in gambling, i don't think that the government can monitor if you are using Bitcoin or fiat.
member
Activity: 224
Merit: 21
December 08, 2017, 10:07:38 PM
They need to sell bitcoin to use in their lives. bitcoin is not money. and it can not be bought or sold any more, you can not wait for 3 days to get a bitcoin to buy a bread
member
Activity: 154
Merit: 12
December 08, 2017, 10:06:07 PM
I think so many sellers of their bitcoin because they need money and they just sell them their bitcoin because the bitcoin price is high as now many sellers are selling but more are buying bitcoin.
member
Activity: 168
Merit: 10
December 08, 2017, 10:01:09 PM
maybe because bitcoin right know are very high. some people are buy a bitcoin when the price is at $6k, and now the bitcoin are tripled of it's price they know selling it to have a profit. they now selling it because the bitcoin is still high.
FRJ
member
Activity: 280
Merit: 15
The Worlds Most Advanced Distributed Computer
December 08, 2017, 09:56:59 PM
Simply,people sell bitcoin to get profit.

Sometimes, people prefer selling bitcoin rather than to hold them.Again,some become contented with the increased price of bitcoin and don't want to take any risk.So,they sell bitcoins.

But I think,in the conclusion, people want to get profit, have money physically and want to make use of the bitcoin in their day to day life.So,they sell bitcoin when they become satisfied with the price of bitcoin.

sr. member
Activity: 546
Merit: 255
December 08, 2017, 02:51:25 PM
Dude what if Bitcoin is an investment , it doesn't mean you cannot spend it. People might have emergencies or maybe some other reason for which they might use Bitcoins. But I agree that Bitcoin is not something to be used regularly because of its much increasing prices
hero member
Activity: 2408
Merit: 584
December 08, 2017, 02:43:46 PM
I think the reason that people are selling their bitcoins is not as complicated as it seems it is that people just need money, and in the current situation I think people are just afraid that bitcoin might fall very much
It is very fine statement because everyone has the different situation and different need for selling bitcoin. if a person will sell bitcoin at high price you will see how fast bitcoin will give return, as you said people sell for the need of money so it is not good to sell the saving of bitcoin just for the sake of small demand and need of money but yes if they are having a very critical situation they can sell bitcoin for money.
full member
Activity: 322
Merit: 102
December 08, 2017, 12:50:12 PM
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.

Common answers why people sell bitcoins is for the reason that people need it and they need to buy something else. May it be something like small or not, people need to sell because probably they have invested and earned much already. And it is not bad to sell it if you have enough or you are okay with it. You can sell some and allow other bitcoins to be on hold so it will continue to grow.
jr. member
Activity: 46
Merit: 1
December 08, 2017, 12:38:27 PM
It all depends on the type of business

You can work as a market maker/lender or generate your revenues through fees/commissions.
All depends on your added value to the industry.
newbie
Activity: 38
Merit: 0
December 08, 2017, 12:36:05 PM
The most simple answer is: Bitcoin is a long-term investment, and people want $$$ NOW.
Short but clear.
member
Activity: 350
Merit: 10
December 08, 2017, 12:31:20 PM
They sell bitcoin because they need money. Maybe they see enough. Also, they may not believe in bitcoin anymore. , too many reasons for them to sell bitcoin
member
Activity: 174
Merit: 15
December 08, 2017, 12:27:04 PM
Individuals are selling BTC as the cost is very high contrast with before.if you need to put you in a protected circumstance you can offer your BTC. In any case, specialists anticipate that it cost will expand more in future.so its better to hold the BTC.
hero member
Activity: 611
Merit: 500
December 08, 2017, 11:52:50 AM
Mostly to trade or collect profits. These two should be one of the top reasons. Some stores sell to collect their money as well.
full member
Activity: 280
Merit: 120
December 08, 2017, 11:45:26 AM
I think the main sellers of bitcoins are stock speculators and, of course, miners. I met several miners in my city and every month I buy bitcoin from them.

The vast majority of investors adhere to the HODL-strategy
full member
Activity: 994
Merit: 138
December 08, 2017, 11:14:01 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.
in my country also has started the ban bitcoin, but there is no regulation and fixed laws for the ban in my country but the government continues to provide negative news to bitcoin. I do not understand why the government wants to ban bitcoin
full member
Activity: 350
Merit: 100
December 08, 2017, 11:06:57 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.

Most people sell bitcoins at the time bitcoin has achieved a considerable high price. I personally prefer buying bitcoin at the time its price has fallen just to sell when the price is high
full member
Activity: 213
Merit: 100
December 08, 2017, 10:48:29 AM
I believe that selling it now is silly, it will cost $ 50,000. Then you can sell a couple of bitcoins, to buy a flat for example.
full member
Activity: 812
Merit: 120
https://combonetwork.io/
December 08, 2017, 10:30:26 AM
when someone has reached the profit target I think it's natural for someone to sell it.
which should be avoided a drastic decline and make your emotions messed up and then sell it with a loss.
full member
Activity: 616
Merit: 100
December 08, 2017, 10:27:50 AM
i think the people sell their bitcoin because their prediction is reached so they sell it  to get some profit, beside getting the profit, the main factor that people sell their bitcoin is because panic sell, they panic if the price of bitcoin or other cryptocurrencies is going down and make them loss
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