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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: Today at 01:09:25 PM »Actually, selling early or still holding it is an investor's decision. If we sell at the price and target that we set when buying, that is already a good step. And it would be a shame if there were regrets due to greed. Because greed is a bad emotion, we have to think rationalistically. In order to be able to invest with good analysis, you don't need to regret it when you sell and the price goes up high. because that is part of the risk and maybe our predictions are not accurateIf those investors who have sold at an early stage have some profits, they have nothing to regret even after the Bitcoin price has increased further. They made a profit, however, if they are still unsatisfied, then that would really make them regret their action of selling early. For those who have sold due to the panic and have been unable to buy back at a lower price than the price of Bitcoin suddenly goes up, that is something to be regretted which is most likely a common mistake, especially for newbies.The Bitcoins obtained by miners during each halving period will continue to decrease. And now large institutions or companies continue to accumulate bitcoins. and it's clear that those of us who let it go easily now will probably regret it 10 years later. But yeah, I also can't blame those who sell when they already make a profit. Because the goal of investment itself is to make a profit. It just remains for us to be strong enough to hold Bitcoin longer so that we hope to get more profits.Well, if someone from the start has prepared the bitcoins they own for long-term storage or long-term investment. And he is also in good economic condition. In the sense that he is indeed collecting bitcoins with cold money. So of course he will not be tempted to sell no matter whether the market goes down or up. And even good and bad news doesn't make them panic. And there are many types of hodlers like that. For example, recently we have seen a lot of wallets that have been inactive for around 10 years and have become active again. And those who have endured for 10 years can now enjoy the results of their patience with fantastic profits.That's right, saving bitcoins for a very long time will certainly provide a lot of profit. If you want to save it for the next 10 years it will give you a lot of profit, I am sure that in the next 10 years the supply of bitcoin will run out and will make bitcoin very expensive.