Why do so many people refuse to sell a coin that's consistantly losing money when they bought it at a high price, yet they would have no problem selling it if they bought it at a lower price? It shouldn't matter one way or another what one paid for the coin. After all, a dog is a dog no matter what it costs. Any ideas?
Because they're stubbornly holding on to it in the hope that they can recoup their money but the best practice would just be to let it go and recoup what you can. Alt coiners will never learn, though.