selling bitcoins can also be lucrative business too with its real increase at the moment. 
Topic: Why people sell bitcoins? - page 62. (Read 9943 times)
Well, various reasons for selling bitcoins can come in at the moment. The profits made from it at this period is really crazy and like undescribable! I have sold off this week as it got to me; all I saw was the fiat value which I wanted desperately to attend to some expenses at hand. If I had enough I did consider keeping for some while and enjoy the view of it rising selling bitcoins can also be lucrative business too with its real increase at the moment.
selling bitcoins can also be lucrative business too with its real increase at the moment.
People sell their Bitcoins depending on the situation. The number one reason why they sell it is that they are afraid that the value of Bitcoin may be dumped so hard after reaching the positive peak value of it. The other reason is that they think that the value of it is already enough for them. The last reason I think is that people sell it because of an emergency.
It is as simple as it is why we invest in bitcoin to gain from the investment so people want to book their profit from it. If you greed more it is not a safe strategy so who ever invest my advise is to book their profit to be safe side to continue with bitcoin anything can happen in the market.
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.
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.
People will always sell bitcoins for profit, that's the main reasons. There were 2 types of people who do selling bitcoins.
Here below.
Traders- always sell when they feel that its risky to hold bitcoins. Meaning they sell bitcin before it going to go a dive and buy at lower price again. Then repeat again the process.
Investors- always hold until the profit is big enough to claim. They rely on the fundamentals opposite to traders who reply on technicals.
Regarding the bitcoin usage in your country. Your government cannot do much about stopping you in using bitcoin so my advise is to hold your bitcoin if you don't know trading. Long term is good for you.
People need dollars and therefore they are forced to sell bitcoin. And traders sell bitcoin in order to buy it later at a lower price. Everyone has his own reasons for selling the BTC
Its totally depends upon users, who hold bitcoins by investing own money. Second factor which is generation or earning in Bitcoins. Now a days many enterprenuer and crypto enthusiast are earning smart revenue online. Now its totally user's choice as if they wish can exchange required amount of BTC against fiat or can hold and stake them to get higher returns in future.
It has to do with how much risk you can take. If you use bitcoin as a quick investment tool, you will be happy with a 10-20% increase in the short term. Some hold for longer periods as they believe more in BTC and the possible gains in the futures. In my case I believe in BTC and what it will offer, also right now I already use it as a tool to send money to my country and to prevent fiat inflation over time.
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'll see some reason why other people sell their bitcoin the number one is they sell bitcoin because they want to earn. They sell it when the price of bitcoin is rising up then they buy bitcoin when the price is dropping low thats an businessminded be like they knew or they predict the buying and selling of bitcoin but others sell it because they got oanicked and afraid to disappear their bitcoin 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.
the same thing is happening in my country, only the kebereadaannya not banned but should not be used as a means of payment, all the risks that occur on transactions that are done outside government responsibility, but the development of bitcoin in my country today is very good because now there is already a bitcoin exchange to the local currency, as well as the growing bitcoin community
people try earn bitcoin to make a better financial in life.
so if people sell bitcoin, i think they sell in any reason. some need money, for trading (to get profit by multiple their coin), for having fun, or maybe gambling. but most is for meet fulfill their need
so if people sell bitcoin, i think they sell in any reason. some need money, for trading (to get profit by multiple their coin), for having fun, or maybe gambling. but most is for meet fulfill their need
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.
Me I only sell my bitcoin if I urgently need money or cash..bitcoin for me is an investment that I need to hold for my future and the future of my family. I Only sell a little and save the remaining of it. It is still a good feeling to have an investment but I am checking the price of bitcoin everyday and now it reaches to its peak.
People sells bitcoin because they want to cash in their investment profit, I think that it is practical in some sense but not entirely wise. I believe that bitcoin will continue to grow so I am still holding to my investment. I think that history proves that btc has only one way to go and it is upward.
If you want to actually use the money you've got stored in bitcoin for everyday transactions, you have to sell them for fiat. Unless, you find places that accept them and you want to pay massive extra fees.
I prefer to sell it on the grounds because of the need and otherwise if not invested what bitcoin can be used for buying and selling tool, because in my country there is no bitcoin made for sale and purchase transactions so I chose to sell it for the money made in order to be in use to buy something, it all depends on the person if we are in bitcoin to finance the daily needs better to sell for the money and in addition to keep things that are not in want because we will not know what will happen later. 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 selling your should not just be for profit along because in some part of the world like my country all you need do for you be able make use of your Bitcoin is to convert it to local fiat currency before you can purchase any thing with your Bitcoin. Although people are investing in altcoins because there is a general believe that their make value will ddouble in the nearest future. 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.
People sell their bitcoins to fulfill their needs and they sell only if they are making good profits from it and if not then I am sure they will prefer to hold it for the right time and I sell my bitcoins only if there is any kind of emergency as I have day job that pays me salary in fiat so whatever bitcoins I get my intention is to save it for a long term without spending it.
They sell bitcoin because they feel it will now gonna go up for more so they choose to just invest it to other which is both Good and bad habit o a good if not advance trader
if we already feel the profit of course we will sell it before the profit turned into the opposite, in addition we need to complete the needs, we must enjoy with what we have achieved.
at the same time if nobody sold bitcoin, the price would already be $ 50k
It is quite simple, when some people foresee its price will drop in the future, they will sell it in order to maximize their profit. Of course, they do not always make the right decision.......
people sell their bitçoin when they need to spend it to meet one need or the other, selling it is the profit of what they have earned. and the main purpose of dealing it, is to earn at the end. more so just keeping it for long may not be the best and can be risky. so, most times the selling helps reduce the risk of been hacked.
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