Post
Topic
Board Economics
Re: Sell Everything?
by
richardsNY
on 26/02/2017, 17:47:35 UTC
Some newcomers such price drop is taken very seriously. After Bitcoin will become cheaper by $ 100, they begin to hysteria and sell everything

It's a common practice in basically every market. They panic sell at a loss when the price goes down, and they buy back their coins at a premium at the time the price goes up again. Point is that they after a while figure out what they did wrong, so they won't make the same mistake again. And there are always people that never learn as they continue to make rookie mistakes. These people should just quit trading.