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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: Today at 09:59:26 PM »People should really be doing this but we know that not all would really be that confident on doing so, instead on taking this as an opportunity they do rather become scared.When the market price correction occurs, I prefer to buy more bitcoin, but for this correction I prefer to wait until the price falls further, because the bitcoin price movement pattern after the increase some time ago has collapsed again and there is it is possible that the decline in bitcoin prices will be deeper.We cannot agree that everyone is on the same page regarding having the adequate knowledge about bitcoin, some will think its a wise decision for them to sell their coin and release it in other to avoid loosing the more when the market is going bearish, but we should never forget that bitcoin investment is not what we should make with fear, we should be able to hodl once such is being observed except if we are investing on altcoins.selling or holding bitcoin when the market corrects is their decision and they must have reasons for doing that. There are those who sell, then buy at a lower price and then sell again when the price of bitcoin rises. There are also those who sell because they panic.
If you are someone whose really that lacking of experience towards the market then you would definitely be having this kind of reaction but on the time that you would be having that kind of experience towards the market then you would already know on what you should gonna do and this is something that you would be needing up to consider
because if you do find yourself that being impulsive towards those movements then you are susceptible when it comes to wrong actions.