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Bitcoin Forum / Re: Why do people panic and sell their bitcoin when it falls in value?
« on: April 11, 2024, 09:41:55 AM »3-4 years? that is the cycle because of Halving bitcoin and from what our experience says? changing from dumping to hyping is what 4 years happened in the years .I think that some people don’t want to and sell their Bitcoin; it is not in very good financial condition and therefore they sell their Bitcoin without calculating their strength. I think that they are the same as all other investors. They are looking to buy Bitcoin and ride it for many years, in fact, the majority someone does not understand that you should keep bitcoins for 3-4 years and not touch the money you investedFor long-term holding, it's a minimum of 3-4 years, as you said. It's very difficult if we don't have free money, because every human being has needs that sometimes we suddenly need, and selling the bitcoin even though the price hasn't gone up, sometimes cuts losses. Panic will always exist if short and medium term holding with money that will be used in the near future and the price of bitcoin falls. This is a dilemma, if we don't have free money, it's better to trade.
but the problem is if you don't know what you are entering then better not to deal with crypto.