I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Everyone must have different needs, so I think they sell Bitcoin when the price goes down maybe they need a sudden need. for that they sell Bitcoin they have.
this is what I do when I need money to buy something for my daily needs and I always sell my bitcoin no matter how much the price. but if I still have money, then I don't have to sell my bitcoin and only hold it until the price increase higher. maybe I will sell my bitcoin so I can buy another bitcoin again at the low price so I can have more bitcoin in my wallet.
Thank God, I did not sell my Bitcoins when the market was on the bottom. Now I am waiting for the BTC price growth. If I need the money, I'd better lend it.