Fear has been the major reasons while many long term investors has taken some unnecessary investment decision that has lead to heavy losses. I have written on many post why the long term investors shouldn't worry about their investments when the markets goes dip or dump.
Long term investors should be confident knowing very well that their investments is targeted for many years, and they deserve to be patient, waiting in the future to reap from their investments.
hold.. hold... hold... then die... living miserably holding BTC, but not enjoying the results..
actually it is not wrong to take advantage to appreciate ourselves for holding and being patient... yes, we all still need a salary and income to live and enjoy life, so actually patience in investing has its limits, not always holding until an undetermined time... we must still have a target when to stop and when to start again...
We can still sell our assets in a bear market, if it is very urgent, such as for sudden medical treatment where the emergency fund cannot cover everything.... teaching someone to hold is good, but as long as we don't understand each other's conditions, it is also not wise to place the blame on the person who sells during bearish times, because no one actually wants a loss...