Why people sell bitcoins? - page 64.

Bagaji

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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 believe there must be a reason for one to sell his or her Bitcoin. Some time it could be that the sell has made profit from their investment and as such he or she will have no options than to sell at profit. To some people that earn Bitcoin through services they render, they will have to sell and convert it to their local currency in other for them to make use of there earning since maybe Bitcoin is not accepted as a means payment for goods and services just like in my country where my Bitcoin have to be converted to my local fiat currency before i can make use of it.

Zigzagkuy

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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.

People sell their bitcoin because everyone needs money to buy their primary needs. So there's nothing wrong if everyone sells bitcoin as a necessity.

Naughty Princess

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Quote from: Aura on December 05, 2017, 12:57:35 PM

There are a lot of reasons why someone would sell their Bitcoin. I have done it in the past, it was necessary for me to pay my bills. It's something I regret now because of the extreme price increase but on the other hand had to because I didn't had the money back then. There are many other reasons why people would sell their Bitcoins.

Some people sell their bitcoin because they see how high the value is. It is the time that they could get huge profit from it. It is good to sell bitcoin now specially when you really need it because in a little time you already have profit from it. Some people have different purposes why they sell bitcoin, to increase their investment, to have new investment, or to use for their own good. Even we do not want to sell but if really needed it and no other option but to sell.

ismael.bongagsingot

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You will be tempted to sell the bitcoin especially that the price right now is too high.

jmiro1

member

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I know there's lot of people out there in whole world who's hobby is to collect coins. Mostly old coins, coins from different countries etc etc. But bitcoin is not that thing. It's not a collectible, not yet. Therefore, people sell bitcoins to make profit. And selling your bitcoin is a very good move if it's not legal in your country.

BettingTips

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OPEN GAMING PLATFORM

There are a lot of reasons for this case. Maybe people sell their Bitcoin because they know at that time Bitcoin couldn't reach to higher price so they decided to sell it all then wait to buy it back after at lower price, maybe they need money to buy or pay for anything in their life so they sell Bitcoin for cash, maybe they feel there are some other altcoin with better potential in the future than Bitcoin so they sell all their Bitcoin to hold that altcoin,...there are a lot of reasons for this case.

Fretcy

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People sell bitcoins because of various reasons and it depends on each individual and all people will not think alike in selling and buying bitcoins. Some will wait for the price to increase to sell them or to gain profit from what they bought the bitcoins for, no one will sell when there is a loss in other words when the price get lower than what they got the bitcoins for, and in certain unavoidable situations or when in emergency people tend to sell of their bitcoins. You keep an asset to use it for later purpose or when in an emergency and not to keep it for some one else to use it or enjoy the benefits of your assets.

Jonsnowstark

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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.

Well, i think holding is still the best idea for bitcoins. Yes its more convenient if we can use them everyday for oir daily needs but seeing the rise in value, who would want to give their coins away?

preditor422

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Simple reason is they what good returns of what they had invested before,but other than good profits there are many reasons like urgent need of money,Sometimes people want to invest in some other alts by splitting their bitcoin investment,Business purpose,It can anything for which one had to sell their bitcoin.

mir1127

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Many people work on bitcoin - those who tread regularly buy and sell bitcoin! When they bitcoin's price drops! Then buy bitcoin. And when it grows, then sells. That is the reason for the development. There are a lot of people who work on different bitcoin supported sites, when they get a loan from the site, they sell! In addition, many people sell for different reasons. thank you.best of luck.... Embarrassed

Aura

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There are a lot of reasons why someone would sell their Bitcoin. I have done it in the past, it was necessary for me to pay my bills. It's something I regret now because of the extreme price increase but on the other hand had to because I didn't had the money back then. There are many other reasons why people would sell their Bitcoins.

bocyaj

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Quote from: Webberson on December 05, 2017, 12:34:54 PM

Just like every other investments where people invest and expect to make reasonable profit out of it, so, also is bitcoin's investment.
As to why people sell bitcoin is simply for the reason to attend to immediate needs.

Bitcoin price is in the moon.By seeing that many start to sell the long term holding bitcoin.For best results they must wait till the year end.As all of us know, the price of bitcoin will raise more during christmas and New year times.If you holds means even you will get pocket money for New year party.

Webberson

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Just like every other investments where people invest and expect to make reasonable profit out of it, so, also is bitcoin's investment.
As to why people sell bitcoin is simply for the reason to attend to immediate needs.

Valentina N

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https://www.swanfinance.io/

Because we all are different and we living in different conditions, counties and maybe some people need money for living or surgery or don't want long term hold

Edrian

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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.

There are different ways to earn bitcoin one of the most common is trading. Bitcoin is volatile its changes value from time to time that is why they sell it when bitcoin is at the high value and they are going to wait till the value of bitcoins drops then they will buy it again at a low price, they will do it, again and again, its pretty risky but there is always a risk in investments to be fair, and that's how trading works so, in this case, they will get high earnings, it was a smart way to increase your own bitcoin value.

weblouartisan

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Lets Go Adab

We all have different paces in our life and as much as possible, We want to earn more money more than what we have to day and in order to do that, Bitcoins is helping as further to earn more money monthly.

rafhapeng

newbie

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Maybe theiy need funds to support the daily budget.many reason why people sell bitcoin.number one reson is need money.

Apes

sr. member

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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.

selling is optional because the need if it is not because the need may be held or invested, and the majority of people will sell it because it needs money for their needs and the reason they are in bitcoin because they need money for financial needs or as additional income and bitcoin is the solution for those who need it .. if indeed they are a lot of money maybe they will not sell it and may be invested or holding it and it all depends on their circumstances and the same purpose to get money to become rich, the difference only they need money for everyday life and for them which is a lot of money and bitcoin results to be tabled or invested in order to produce more results for their future.

djselery

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I think most people who sell bitcoins nowadays want to get profit from its high price and may be they have some doubts because the price is volatile and can going down. Some other people sell bitcoin just to pay for their living needs and bills.

barabut

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It is normal that when you make profit and you say this is enough for me then it is better to quit at that time then it would become gambling rather than investment

Topic: Why people sell bitcoins? - page 64. (Read 9943 times)