Post
Topic
Board Economics
Re: Why people dump their Bitcoins ?
by
nur rochid
on 20/05/2018, 08:48:54 UTC
In your opinion what are the reasons that let someone start dumping his bitcoins and walk away ?  
I personally (and this is just my opinion) that it's more panic then simply his need of money or something else , as we saw on the BitcoinXT last time , people started to panic and simply sold their bitcoins and that caused a drop in the price .
Some people dump their bitcoins because they were afraid of the price that were dumping they afraid there money might lose. But that is not good idea of course bitcoin for me is very amazing and cannot be worried if the price dump. Hopefully to those who dump their bitcoins will now realize the bad effect if sold at very low price.
besides that there is also a goal to buy back the lowest price, they do consciously because they are senior traders who dare to take risks to meet their analysis