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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: April 07, 2024, 09:10:02 PM »There are many reasons why people panic and sell during a downturn.I agree with your opinion that FUD makes people panic, but when that happens we should look for the source of the news and try to find the truth of the news. If I think more about it, noobs will panic easily, because beginners will panic when they see prices go down and the market turns red. They don't know that crypto's character is volatile.
- With FUD news they will panic.
- When the whales sell like Gary recently sold his GBTC the weak will panic.
- They don't want to suffer big losses.
- Fear of their portfolio going down.
- Many factors cause them to panic and sell more.
Usually this weak person does not have in-depth knowledge about bitcoin or may not have experienced how the market is bearish.
I think people like this will not be strong for long investing in bitcoin they will sell at the time of loss only.