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Topic: Why people sell bitcoins? - page 66. (Read 9911 times)

full member
Activity: 280
Merit: 111
December 05, 2017, 06:36:24 AM
As much as I can tell people sell bitcoin majorly when they need money real bad and the second time would be when Bitcoin prices start falling drastically and people start panicking and start panic selling there bitcoins. I have seen many people selling their bitcoins because of the second situation. When people are in need of money they just sell a part of their bitcoins but while panic selling people sell all of their bitcoins don' know why. Panic selling is the worst thing a bitcoin holder can do.
member
Activity: 112
Merit: 10
December 05, 2017, 05:14:18 AM
sell because you need urgent money or be afraid of correction
member
Activity: 252
Merit: 17
December 05, 2017, 04:13:39 AM
People sell bitcoins for them to get money and some other reasons. Here are some of my opinions. Some people who use bitcoins as an express money sender. Some buy bitcoin and wait until the price raise then sell to get profit. Some can’t hold bitcoin due to fear that it will rapidly decrease its value.
newbie
Activity: 238
Merit: 0
December 05, 2017, 01:19:22 AM
People sell bitcoins in order to make profit most of the time. They might think that it is the right time to sell before the price goes down a bit, or maybe because they need money for a particular reason. Well in the case of bitcoin a profit while selling is mostly expected
full member
Activity: 462
Merit: 102
December 05, 2017, 01:15:45 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.

Obviously, to make profit or break the bank. People sell their bitcoins if they already made a profit from their trading and holding. Maybe they would place the money from bitcoins to stocks or even establish their own business. This is a good example of diversification of your assets.
jr. member
Activity: 128
Merit: 1
December 05, 2017, 12:39:03 AM
there are too many reason why people selling their bitcoin. but to me is for taking profit. i save my bitcoin in order to make some investment. and when the price goes up to my target, i am selling my bitcoin, just a few. and save the rest for another higher price. also, i sell my bitcoin in an urgent circumstances, when i cant find another when to get money.
full member
Activity: 210
Merit: 100
December 05, 2017, 12:35:47 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.
Some people tend to sell their bitcoin because they need the money and use it as they pleased.and only a few percent are sold, partially is held until the price high
member
Activity: 204
Merit: 11
December 05, 2017, 12:29:31 AM
one of my reason to buy bitcoin is for an investment. i bought in a lower price and hope that  it would grow up in the future. as it happens, i would like to sell some of my bitcoin for a suitable price. and, save some other for a higher price
sr. member
Activity: 364
Merit: 267
December 05, 2017, 12:28:15 AM
People sell maybe because they need money to buy something important. Some are just selling it to earn profit from trading. There are some reasons why they sell and it depends on every person.
I agree with you, we all have our own reason why we sell our bitcoins. For me I sell my bitcoins because there are no stores accepting bitcoin here in my country, we have to convert it first to our local currency before we can use it on our daily needs. But I only sell it if I really need it because saving is much better than spending because you can earn profit by just holding.
newbie
Activity: 36
Merit: 0
December 05, 2017, 12:14:56 AM
People sell their bitcoin because they need urgent money.
newbie
Activity: 27
Merit: 0
December 05, 2017, 12:09:58 AM
People sell bitcoin to earn money. But it also wise to keep it if you still have enough money for your financial needs.
hero member
Activity: 854
Merit: 500
December 05, 2017, 12:06:59 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 bitcoins because they might have a need that is otherwise must be provided for now and that could only come if they would sell their bitcoin. Some also have their own strategy wherein they wait until they think that it is time enough to sell
copper member
Activity: 166
Merit: 100
December 05, 2017, 12:03:35 AM
I sell Bitcoin when i need money very urgently otherwise i am not selling BTC.Because long term investment is the best way to growing money.
I think without reason sell is not good decision.I hold 1+ BTC in my future generation.
full member
Activity: 644
Merit: 101
December 04, 2017, 11:55:02 PM
People sell maybe because they need money to buy something important. Some are just selling it to earn profit from trading. There are some reasons why they sell and it depends on every person.
full member
Activity: 168
Merit: 100
December 04, 2017, 11:36:42 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.

People has different perspectives and different reasons on when they will sell or buy or hold their Bitcoins. You may have a perspective of Bitcoin being a long term investment and some may think of it as a short term that they need to sell soon. Or maybe they are just scared for the Bitcoin price crash.

Or another simple.reason for others is that they may need cash at the moment.

The point is, there are different reasons and different perspectices per person.
full member
Activity: 310
Merit: 103
Rookie Website developer
December 04, 2017, 11:34:02 PM
Ofcourse people should sell their bitcoins to get profits from their investments, you should rather sell it than keep it in a long time , you'll get more profits if you sell it everytime the price rise up
member
Activity: 260
Merit: 10
December 04, 2017, 10:54:01 PM
everyone have their own reasons ..last month i sold bitcoin , because i wanted money for invest for a new business project..
in my opinion people are sold bitcoin for get profit or invest money  for a new business.
full member
Activity: 421
Merit: 105
December 04, 2017, 10:53:04 PM
Maybe they need money then they sell bitcoin, some sell to get bitcoin back, that is by way of trading.
I think that is tge first reason why people sell their Bitcoins. They need money or maybe they have an emergency payment. Also, people wait until the price of Bitcoin increases then they will start to sell it, for them to gain more profit and to save more money.
member
Activity: 198
Merit: 10
December 04, 2017, 10:50:23 PM
Theres a lot of reason why they sell bitcoin. But the most common reason why they sell bitcoin because they want or need something for them as individual. And other thing the bitcoin nowadays is getting higher. Thats why they use the upportunity to sell there bitcoin. Because they dont know what happen to the next day. So atleast they sell it to the higher price.
sr. member
Activity: 294
Merit: 252
December 04, 2017, 10:40:45 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.
People sell bitcoins because they were thinking that the profit they have is already enough for them and maybe they need to spend the money for everything. Some reason for people is they are believing that the price of bitcoin might get low and they will have a little profit if they will not sell it so better sell bitcoins when the price is high.
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