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!
Yes there are many people in CryptoCurrency world are buy in a high price and sell it low, there's many reasons why it happened. First they sold their coins because of panic that happened right now in the market. Second there's a emergency happened they need a money for daily and the only way they could sell their coin.
Some people buy bitcoin in a high price and sell in a very low price. I think this people are lack of knowledges about the cryptocurrencies volatility. They always panic when they notice that the price of cryptos deflating in a very low price. They sell their coins immediately no matter how they lose their investment and the profits.