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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: May 08, 2024, 08:57:45 AM »Many people investing are all or nothing.
Rather than 10 investments 10% each so that a drop is not fatal.
Instead many are 100% in one investment and over there head.
The ones in over their head are likely sell on a dip.
I won’t argue, but all my friends don’t do this. Perhaps your circle of acquaintances is precisely the kind of people who invest simply without thinking about where they invest and how to do it, so you claim that the majority do just that.
Many does not mean the majority. It is subjective term. I would venture to say that at least 50000 people in the world are over invested in crypto and they will tend to be the panic sellers.
Well, if we are talking about such a small number of people as 50,000 people, then I would say that there are at least 10 times more of them than those about whom you are writing panic sellers And the same buyers who don’t think what they are doing, they just buy, and in case of panic, that’s all sell.