Why people sell bitcoins? - page 6. | Bitcointalksearch.org

Jaya912

full member

Activity: 280

Merit: 101

Quote from: siddu1 on February 11, 2018, 12:15:14 PM

Sometimes people sell their bitcoin for their daily needs and sometimes for any other thing also.Sometimes peoples selll their bitcoin when bitcoi price increases.These selling routine varies from people to people.

yes. thats the reason why they sell their bitcoin. if the price increase mean they sell it because of profit.
but how if not profit, do they sell it? the anwer is yes for some people.
they sell it because they panic. their panic can lead them become loss.

karman383

full member

Activity: 384

Merit: 100

I see when people sell bitcoins because they feel they have earned a profit, or they are in need of cash. So they are forced to sell bitcoin, and maybe they see bitcoin prices going down so they are afraid of losing selling bitcoins.

Scavagers

full member

Activity: 364

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.

I personally sell it to cash since I need cash to pay, bitcoin is not yet available for payment here in our country. I convert bitcoin to cash, but not all because I started using bitcoin for the main reason of having profit so if I would not sell it, I will not have profit since I cannot use bitcoin in real life transactions yet. I know this have negative effect but sometimes I seriously need money to use on daily living so I cannot refuse to convert it to real life money.

crazykill182

newbie

Activity: 43

Merit: 0

We cant deny that as of now we use bitcoin to get profits. So for me if i think that the price of it will go down, or the current value of it is satisfying or even i really need money, I also would sell it. But if this criteria is not meet, i would hold it as much as i can hoping that it will increase its value in the future. But for now I think that a lot of people panicked because of sudden huge drop of bitcoin that they afraid of losing to much that they sell it.

rockyboy

full member

Activity: 392

Merit: 100

I do some selling when i badly needed some cash. I do some selling before when i get panic with the market value and when bitcoin price are down.

xCryptoManiaX

full member

Activity: 361

Merit: 137

Lmao what do you mean "why"... People want to take profits, people might need money. There are shit ton of reasons.

9emb3lelit3

jr. member

Activity: 207

Merit: 2

necessities of life, that's my opinion. we live definitely need food, roads, houses, cars, and others, if we have savings dibitcoin and we are in need of money to membisiyakan whatever it is, sell our bitcoin it to membiayakan our needs.

Zast

newbie

Activity: 59

Merit: 0

It could be many reasons, but there are two most frequent: emotional one, cause of fear and vital one, cause of needs.

eolitic

member

Activity: 182

Merit: 10

i am sure that people who are not very informed about crypto currency and crypto world in general. the thing is that bitcoin is becoming more and more popular every day. and more and more people are buying it cause it's a nice way to earn money. but then when the correction of the price occurs they panic ad sell their ownings.

ogtejiri

newbie

Activity: 203

Merit: 0

The reason why people sell bitcoin is because nobody wants to risk loosing his/her investment.The only way out is by selling it off...

Boristhecat

hero member

Activity: 756

Merit: 629

Quote from: jmiro1 on February 11, 2018, 01:21:27 PM

May I ask where are you from? Ok let's get back to the topic. Why do you think people are "Selling" bitcoins? Is it an object? No, it's a currency. People "Spent" a currency, don't "sell" them. Suppose you sell it to USD. And now, what if I told you, you bought some USD with Bitcoins? Would you call that selling? I won't.

Good clarification!
People shift their assets from one species to another for various reasons. The main thing is that for them the asset that they buy becomes (for various reasons) more valuable than it can be bought on the market.

jmiro1

member

Activity: 235

Merit: 11

May I ask where are you from? Ok let's get back to the topic. Why do you think people are "Selling" bitcoins? Is it an object? No, it's a currency. People "Spent" a currency, don't "sell" them. Suppose you sell it to USD. And now, what if I told you, you bought some USD with Bitcoins? Would you call that selling? I won't.

daniweb

sr. member

Activity: 448

Merit: 250

When I first got into bitcoin I've told myself I won't sell unless I needed the money. Until now I only sold 1 time because I had a financially urgence. Keep it and consider it a long term investment

bellanas

member

Activity: 392

Merit: 20

Many people are afraid that bitcoin may fall heavily in price, so they are reinsured. Someone simply displays funds for current expenses and needs.

galaxing

jr. member

Activity: 168

Merit: 1

In my opinion, why the government forbids bitcoin, because the government is afraid, using bitcoin for the worse direction, such as firearms transactions, and drug transactions.
Therefore, the government prohibits the existence of bitcoin.
But I always believe, if bitcoin will be more developed again.
Why do people sell bitcoin?
Because, have arrived (the price is suitable for sale), I think if it seems to lose, will survive, will not sell it

kadutz25

newbie

Activity: 172

Merit: 0

why people sell bitcoin? I think because I have seen a clear profit and sell bitcoin for profit and also why sell bitcoin? Perhaps because of the sudden costs and the need for money then bitcoin is then sold

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: shinchan123 on February 11, 2018, 12:36:28 PM

Not all of the bitcoin users have the luxury of holding forever regardless of what happens to its value. Many are here to make profit plain and simple. Some actually use part of their everyday budget (not their savings) to invest in cryptocurrency; hence missing out and having losses is not an option. The buy low sell high concept is always present in every situation, I mean, who doesn't like making profit!?

so this is may always depends on a person whether they wanted to hold it for a long time this is hard to take for that we have to hold it just to have some profit that we wanted to have but if this is what we wanted to have for is to have this then take this risk for cause this is what we have to do then if this is so you as a person you can have that profit that you wanted to have for. and some just wanted to have profit only then they are able to sell it for what they wanted for.

ridwan99

member

Activity: 350

Merit: 10

Bitcoin is like a business ……it is digital business …..so Many people are investing in Bitcoin ….when he need to money…….Bitcoins are sold if a person needs money or simply if the current price suits him.

ReginaldMalone684

newbie

Activity: 25

Merit: 0

People arwe thinking about the price fall if goes Bitcoin zero thats why for saving atleast capital by selling it. But they do not understand the market. Bitcoin will recover with healthy amount.

sidebyside

member

Activity: 245

Merit: 10

I think many people are selling bitcoin because they are worried its value will continue to fall. Its value has been decreasing continuously over the past few weeks. And they think there will be a collapse. They are selling bitcoins to recover capital. .

Topic: Why people sell bitcoins? - page 6. (Read 9943 times)