Why people sell bitcoins? - page 76.

KingOfWinterfell01

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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.

Maybe bitcoin investors have thought of selling their bitcoins because they are in need of money or just planning to diversify their investments. I thinked some bitcoin owners are selling thei coins to fund another ICO or even invest a physical business. There are a lot of reasons for people to sell bitcoins. Take into account the fact that they want to use it for leisure.

markdario112616

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There are a lot of reason why an individual sells their coins. Based on what I read, The common reasons why people sell are:
1. Emergency Need (Fortuitous events)
2. Basic Needs/Necessities (Utilities, Food, Shelter, Health and etc.)
3. Leisures
4. Panic Selling - Due to spreading of Fake news, People are now afraid which in return they are forced to sell their coins as soon as they've heard the news. Without doing some background check if the news is reliable.
5. Buying and Selling - One of the most common practices in playing in the market. Buy low and sell high.

Every person has their own reason for what push them to sell there Bitcoins.

Kakawate

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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.

Maybe some of them just need some money and they were forced to sell their bitcoin, maybe some of them reached their target amount of bitcoin and they are happy with their profit wanting to celebrate. People usually buy and sell bitcoin, and the reason is simple, that is to make lots of profit.

ufaiz50

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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.

there are several reasons they sell it first is true to make a profit and then buy again at a low price and sell it at a high price. there is also because to using our money because not many receive bitcoin and especially in your place that prohibit the use of bitcoin. you live in which country which prohibits to use bitcoin?

reda

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Quote from: Ayush rana on November 21, 2017, 11:25:52 PM

The main reason to sell bitcoins is that you can't buy things from bitcoin you must have the cash to buy and for that people sell their bitcoins interms of cash.

Yeah bitcoin accept for purchase for the some product only and most of the place bitcoin is not to use for the purchase. So that the reason for sell the bitcoin. It will change the money. If need to sell the bitcoin it will know the bitcoin prices is high. So you will check the prices your wallet and market place. You know the prices information then you know which time to sell the bitcoin and you will get more profit.

Ayush rana

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The main reason to sell bitcoins is that you can't buy things from bitcoin you must have the cash to buy and for that people sell their bitcoins interms of cash.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: Flowzer on November 21, 2017, 10:19:07 PM

you should not sell your bitcoin. so the benefits will always get you. if you just think getting bitcoin just to sell it then you will not get anything from bitcoin. saving your bitcoin for a long time. if you look at the history of bitcoin prices then you will be surprised .. just a short time bitcoin experienced a very significant price increase. so I suggest you to save it instead of selling it.

In fact, i think because of the higher value of bitcoin, maybe they dont have enough of coin to earn more, so they think its better to sell it. Or maybe they try to use some cryptocurrency that cheap in value but profitable in short period of time. My advice to them just collect their bitcoin and when they have a lot, try to invest it, because when you can get much profit from it.

xenxen

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if they need money of course they will sell there bitcoin. some people earn bitcoin because of money if they need it they sell it. but most of us we hold bitcoin and we sell if the price is reach the high amount and the other is for future...

schaituch007

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People sell their bitcoins, because they got enough profit to their investment, they are satisified with the profit so they sell out

haiyou

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I believe most of the transactions involved in bitcoin are for profit. When the price of bitcoin reaches or exceeds the expected price of the holder, then it is normal to choose to sell, if no one ever sold Abnormal

Flowzer

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you should not sell your bitcoin. so the benefits will always get you. if you just think getting bitcoin just to sell it then you will not get anything from bitcoin. saving your bitcoin for a long time. if you look at the history of bitcoin prices then you will be surprised .. just a short time bitcoin experienced a very significant price increase. so I suggest you to save it instead of selling it.

Meepospammer

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It is because people needs money to support their daily living. Not all people who got bitcoin have jobs so it's pretty rational that they would sell it.

Hallmader

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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.

It would be best for Bitcoin if there is a good flow of circulation. That would promote Bitcoin according to how it should be used. It is sad that Bitcoin's circulation is seriously crippled in your country because of the law implemented forbidding its use. But as far as I can see it, time will still come that governments will eventually take a look at the case of Bitcoin and cryptocurrency because it is really growing bigger and bigger.

riskarcher

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it's easy for people to sell bitcoin because they need money but for those who still hold it will benefit. indeed many in some countries from the government say that bitcoin is not a safe investment but to me it is just a nonsense that makes a profit or not is we. especially now bitcoin reach 8000 $ and for anyone who holds it in 2018 will get more income

xnuggets

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Of course, an user will sell it's bitcoins, if he or she has gained big enough, that it's okay if you take out some money, and to use it personally.
In other ways, people sell it if they think that there waiting is just going to be a loss in their account, specially nothing is guaranteed. Everyone doesn't want a lose specially if the recovering in the loss is quite hard to gain back.

ubay

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Many things why they sell bitcoin, maybe they sell bitcoin to buy altcoin, or sell it to exchange for fiat for everyday needs.

bucker steemit

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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.

exactly, they sell mostly bitcoin in need of money. or maybe they continue to trade bitcoins, to make a profit, because some people choose to hoard bitcoins rather than to sell them.

Pakar11220

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selling and buying are two economics and finance and accounting terms.always used for making profit to earn money.in bitcoin people sell bitcoins,when its price high,to earn a lot of money and when its price becomes low then they buy bitcoins.

congtuan001122asd

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That ones sell their bitcoin has many reason.Maybe they sell bitocin because it's price has gone up and they make a lot of money when sell it. Maybe they do not want to stock up on bitcoins and they do not believe in the future of bitcoin

dbutp

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Streamity Decentralized cryptocurrency exchange

I sell my bitcoin because it's price increase and I get profit and many people just like me. Some people sell bitcoin because they do not want to use it anymore, maybe they do not believe that bitcoin will change their lives.

Topic: Why people sell bitcoins? - page 76. (Read 9911 times)