Why do so many people buy an alt near the top of a pump and ride it all the way to the bottom? As a matter of fact, many of them consider it a badge of honor that they never sold (even though their investment is now worth 10% of what it once was). Any thoughts?
Maybe they freeze. When you have real money on the line it's different. It's like gambling. There's a theory that some people subconciously like to lose when gambling. It makes it more exciting fir them. That's why there's a whole industry built around that theory even if they weren't aware of it.