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Topic: Why people sell bitcoins? - page 69. (Read 9943 times)

full member
Activity: 168
Merit: 100
December 04, 2017, 01:54:15 AM
I don't sell bitcoins because i buy and hold for investment purposes. But for others they may sell in a bid to engage in buying other altcoins.
member
Activity: 275
Merit: 12
December 04, 2017, 01:48:24 AM
MANY PEOPLE SELL THEIR BITCOINS.Two things maybe they  are in need or for emergency assistance thats why they have no choice but to sell their assets.Second some people ars weakhands they dont even think the brightest future of bitcoin in the near future that even if they have only 1 btc it will turn them to be a millionaire very soon
member
Activity: 434
Merit: 10
December 04, 2017, 01:18:29 AM
Many people are investing in Bitcoin. Therefore, Bitcoins are sold if a person needs money or simply if the current price suits him.
I agree with both of this , I personally sold my bitcoins because of this two main reason ! when I need money whether the bitcoin is low or high at the moment I will sell it second is if I already have enough profit from my investment I will sell it and wait for the bitcoin price to go down and buy more .
There are many possibilities why some people chose to sell their bitcoins. Perhaps they needed to sell and convert it for fiat money in order to buy something important that will suites for their needs.
Or maybe they were afraid that at times of bitcoin price drops it will not recover immediately. And thats the time they do panic selling. Thats why many traders are all waiting for this chance to happen. They buy their bitcoins at a lower price and sell it in a higher price.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
December 03, 2017, 11:49:33 PM
I think that when you get a big profit, you will sell Bitcoin to get money. Because, Bitcoin can't pay for all things in the world

Bitcoin is no longer regarded as a currency. Most of us consider it as an investment asset. So obviously, you can't make payments using an investment asset. Have you ever made any payments using physical gold? Anyway who want to pay using Bitcoin, especially after paying a transaction fee of $10 to $20 per transaction?
jr. member
Activity: 45
Merit: 10
December 03, 2017, 11:48:41 PM
Basically they sell bitcoin to convert into a money. Maybe because they need cash for their life support of for emergency purposes. Another thing is they sell it for higher price for example to those who need btc for their starting in this industry and for trading.
newbie
Activity: 39
Merit: 0
December 03, 2017, 11:11:29 PM
Each person has some risk potential on investment once there risk taking level is reached, they will sell out the investments and take profit. Same is the case for bitcoin too. You be the biggest risk taker Smiley Fortune favors the brave!!
member
Activity: 99
Merit: 10
December 03, 2017, 10:40:32 PM
Most of people who' normally sell btc are in need of money or make it to later buy at a better price.
full member
Activity: 462
Merit: 100
December 03, 2017, 10:38:38 PM
Best reason by far why people sell their bitcoins is because they already made profit from their initial investment and they have a need to spend cash. Most investors do this in order to spend the profits they have now and put it to use like buying stocks or diversifying by investing on ICOs.
sr. member
Activity: 379
Merit: 250
December 03, 2017, 10:35:07 PM
I think that when you get a big profit, you will sell Bitcoin to get money. Because, Bitcoin can't pay for all things in the world
member
Activity: 168
Merit: 15
December 03, 2017, 10:22:50 PM
maybe the price of bitcoin is very high and will turn down,
at the moment you can sell it and buy again when the price is low
member
Activity: 225
Merit: 10
December 03, 2017, 10:20:06 PM
Some users are making bitcoin as a source of income. Of course they will sell it for a living. Some are just selling for trading purposes to make greater profit on bitcoins.
full member
Activity: 336
Merit: 100
December 03, 2017, 10:09:20 PM
We need to sell bitcoin in order to help the price of bitcoin to went up co'z the price depends upon the dumps and pumps in the market.
member
Activity: 224
Merit: 10
December 03, 2017, 10:05:50 PM
There are 3 reasons that i think why people sell their bitcoin: first, they want to get profit from trading bitcoin, these are high experiences traders, second is they want to cut lost when bitcoin drop, and third they just sell to get money to pay in daily life.
hero member
Activity: 1372
Merit: 564
December 03, 2017, 10:02:29 PM
How will you invest in Bitcoin and when it appreciates you continue to look at it, especially when you have a pressing need. Most people invest for the purpose of selling so as to reinvest more in bitcoin so as to grow the bitcoin they have. such individual when the prices of bitcoin rises, to an appreciable point, they quickly sell to gain more and also reinvest.Others may sell their Bitcoin so as  to meet a pressing need,or reinvest such sales into another business. If actually the government don't really support Bitcoin, some owner may sell it because of fear. Selling bitcoin is not a crime, it all depend on what your plans are for Bitcoin after you sell the ones  you have.
Actually i'm sell my bitcoin everytime i have earning from signature campaign, i exchange it in currency it is because i put it in a bank. So if i need something or i need money instantly i can get it immediately, also i need cash for my daily expenses.
sr. member
Activity: 1162
Merit: 268
50% bonus on your First Topup
December 03, 2017, 09:59:29 PM
I think it because for-profit also they want to sell there BTC because of bitcoin high price now. In my opinion, there technique is to buy and sell to earn more bitcoins. Even from my experience  I exchange my bitcoin to fiat to support some of my financial needs.
member
Activity: 448
Merit: 15
TREEBLOCK
December 03, 2017, 09:53:01 PM
It makes sense to trim any investment classed asset every so often to reduce the initial exposure and to realise some profits. You don't make a loss unless you sell and also you do not make a profit unless you sell
sr. member
Activity: 529
Merit: 251
The Future Of Work
December 03, 2017, 09:48:18 PM
I remember research about psychological errors from traders. The most common is the early taking profits. Because it is hard to keep the asset long time and also you don't get hormones like dopamine or serotonine. When you taked your profit you get excited and enjoyed.
full member
Activity: 195
Merit: 103
December 03, 2017, 09:42:44 PM
Selling a bitcoin is a good thing if you really need some money for profit for business or for your daily needs. Bitcoin is not a fixed price, it could increase your profit or decrease it. Others have a reason like panic selling because they think the price of bitcoin could get lower.
member
Activity: 60
Merit: 10
December 03, 2017, 09:35:40 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.

I agree with you people sell Bitcoin is because they had reached their target goals to earned good enough profit thats the reason why they sell it and they wanted to get the profit they had earned on holding the coins for a long period of time. It is beneficial for them and im sure they will use it for a good cause.
member
Activity: 266
Merit: 10
December 03, 2017, 09:31:45 PM
why people sell bitcoins, it is because they need money for some purposes. Some bitcoin user hold their bitcoin for future purposes. Thats why i conclude that we have different decision in our individual life.     
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