Why people sell bitcoins? - page 71.

Fappanu

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Quote from: wjchong on December 02, 2017, 08:29:03 AM

People sell Bitcoin because they want fiat money for there needs. There are many places where Bitcoin are not accepted you have to pay fiat currency there.

Indeed. The first reason I have is that I uses bitcoin to finance and sustain my daily needs. And same with other people. Bitcoin is the counterpart of fiat money and therefore we sell our bitcoins because we need it for our expenses. It just came to my mind that I could have more money if I invest in bitcoin.

googs84

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$760 on December 2016 to $10000 on December 2017. Why one will hold bitcoin? He will sell it and book his profit. People sell bitcoins for various reasons. People who have purchased bitcoins at very low price sell some bitcoins to grab huge profit. Some become panic by the thought of falling bitcoins price i.e. to reduce their further losses. Some are in need of money for some urgent work so they sell bitcoins. Trader doing trading activities in bitcoin exchanges sell & buy bitcoins by studying their movements.

athanz88

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Quote from: imam ukik on November 17, 2017, 07:08:36 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.

hmm, i think there are lot of reasons for people to sells their bitcoin, such as :
1. Emergency situation. Bitcoin is a kind of an investment, and it uses fiat money to earn it. So they might want to get some fiat money if they have this kind of situation,doesnt matter how much they will get, cause it is an emergency.
2. Profit. Like i said, it is an investment for people, so they maybe just want to get some ROI from bitcoin.
3. Panic sell. Well, what can i say, some people just do it.
I guess that is the main reason why people sells their bitcoin. Maybe others have other reasons that i cant think of.

Bitcoinismylife12345

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Quote from: imam ukik on November 17, 2017, 07:08:36 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.

As you said, government forbids the use of bitcoin in your location, so maybe they sell it because it is illegal to your country and they scared to be caught. But in other cities like in our area, users sells thier bitcoin because they need to buy things that they needed or they're just securing thier earnings because they afraid that bitcoin value may go down to its lowest in the time that they never expected it to happen.

wjchong

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People sell Bitcoin because they want fiat money for there needs. There are many places where Bitcoin are not accepted you have to pay fiat currency there.

powermagic

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many causes people sell the possibility, because to profit with the current high bitcoin prices

dragon fire

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Quote from: imam ukik on November 17, 2017, 07:08:36 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.

In today's difficult times, many are doing ways to earn extra income besides working principal.
for someone who knows more about bitcoin, now is the right time to sell bitcoin.
because, with us depositing it at the time the price drops, while it is soaring time is the right time to sell it.
because, the profits will be doubled from the previous price.
that's where we have to take advantage of it, and the benefits of bitcoin are becoming more obvious

lightskulk

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Of course, that is the trend of the industry we are in. It is supply and demand, buy and sell. Investing is another option where in you could gain more benefits when you sell rather than hold. It's a cycle.

Soots

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Quote from: bololord on December 02, 2017, 05:50:41 AM

Quote from: imam ukik on November 17, 2017, 07:08:36 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 think some people got panic because sometimes theres a lot of negative news about bitcoins and some people need moneyt so thats why they need to sell their bitcoins but for me its better to hold your bitcoins because if you hold your bitcoins you will get more money in the future .

Selling bitcoin is normal which will depend on various reasons. Somehow people get panic when the value of bitcoin going down and selling it directly unexpectedly. Also selling directly without any doubt because of emergency purposes like someone in the family needs directly a money. Selling a bitcoin most of the time due to there urgent need of the money, even how high the value of bitcoin it is they sacrifice it in order to help one of the family member especially when it comes to life is involve.

hxk451

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People sell their BTCs in light of the fact that perhaps they require cash to purchase anything or to pay obligations and bills yet in the event that you hold your BTCs its all the more great to hold this on the grounds that the estimation of BTC is persistently to expand so perhaps some time or another you'll get a tremendous of cash.

Cebolinha157

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In the end, Bitcoin is a money that values very fast

iamKiko218

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Some reasons that I think people would sell their bitcoins are: First, they want to put up a business outside the bitcoin world so that they can earn real money. Second, they want to enjoy the profit they get from selling their bitcoin. Third, they get panic when the value of bitcoin goes down. Fourth, they are afraid of losing it. Fifth, they are frightened that their government might banned it. Sixth, they want to convert it into fiat because of emergency needs. And lastly, they don't have patience on earning bitcoin for a long term.

Wyne

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Quote from: imam ukik on November 17, 2017, 07:08:36 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.

Some people sell their bitcoins because they need money. If people experience financial difficulties they are force to sell it, others sell it when the price is high because of the earnings they get from it while other sell it because they are afraid that sooner its value will decrease.

krisnt80

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Since bitcoin is a volatil currencie people does sell them to try to make and earn more money, thats normal nowadays, bitcoin last week went into 11000 dollars and had returned to 9000 dollars soo its a great opportunity to make easy money. Besides that some people does exchange their bitcoins into local currencie soo they use the money they earn to improve their life.

Pasabm

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Currently bitcoin prices are exploding, so this opportunity is used by people which invests in bitcoin. To sell, in order to gain a lot of profit.

Ru chin Salcedo

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People sell their bitcoin because they have already gain and some sell their bitcoin due to uncontrollable drop of the price. They were trigger to sell because they are afraid that bitcoin will be valuibg to 0.00

Jaya912

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Quote from: Destroyeroff98 on November 17, 2017, 08:09:35 AM

Many people are investing in Bitcoin. Therefore, Bitcoins are sold if a person needs money or simply if the current price suits him.

You talk reality. People need fiat to stay a life like buy some food everyday. If people have another income maybe they will not sell it.
Another option also they sell it because they close in profit and prepare to buy back.

oemar bakrie

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It's all because of the need,because the many benefits after selling bitcoin is the main reason for those who have no income other than bitcoin..

378budiman

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People sell bitcoin because they need money or they want to benefit from the bitcoin stored.

btcprospecter

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People will sell if they see that something is going bad with their investment. Some will hold for as long as they can to maximise their capital on their investment where as others sell to fund their mining operations.

Topic: Why people sell bitcoins? - page 71. (Read 9911 times)