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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: May 07, 2024, 08:47:45 PM »What do you mean?I mean, new players who are stuck with -50% losses usually won't survive, and they will panic so much that they cut losses and intend to move on to other coins that might return those losses sooner.
If we -50, surely we don't want to sell the coins. What for?
For the long term holders, they will sell the coins if it reached 100% at least.
But they will even still lose as all coins go down.
It's just about beginners overly panicking with extreme crypto conditions
Old players mustn't feel afraid Bout the FUDs.Incumbents are indeed tougher and already know what to do when FUD comes and the market goes into bearish mode.
We have experienced this many times in the past. When Bitcoin wants to reach a bigger price, it never becomes so easy. There should be many negative news, it may try to stop Bitcoin but it will never stop Bitcoin.
As I said, just need to wait and collect more when you still have spare money.