Quote from: tommy05 on November 17, 2017, 12:31:08 PM

Quote from: Destroyeroff98 on November 17, 2017, 12:09:35 PM

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.