I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
I think the reason why people do buy bitcoin in high price and sell it low because they are not patient enough to wait and hold. Just because bitcoin is experiencing a crash or downfall, it does not mean that it will decrease its price forever. People are scared that they might lose all the money they invested in bitcoin thats why they sell their bitcoin even with a low price.