Panic selling is probably the worst thing a trader could ever do with BTC. That happens because people invest and buy more then what they can afford to lose because If they didn't buy more , they simply wouldn't care , have patience and wait whatever time It takes until It raises again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.
People who bought more then what they can afford to lose are always in panic and the least drop in the price could make them panic sell and that could result into losses , however If they waited , It could've go up again.
You expressed it correctly, my friend. The problem is that many Bitcoin owners have this kind of mentality either because they are just noobs or they happen to be small owners who can get affected by the daily ups and downs of the Bitcoin volatility. People usually panic because they are afraid to lose and preserve some gains.
