or they could just be really panicky, run-for-the-hills type of investors. on reddit, there was a guy who had a $750,000 inheritance from his parents.. he ended up losing $370k from buying and panic selling.. and the money he spent was half his sisters'.
well, that's if what he is saying is true.
That is terrible. A lot of fresh bitcoin investors might have lost some
BTC by bad timing and/or panic selling. I did. And learnt from it a lot. But this guy got burnt bad. No second chance for him, I guess.
Some of the users on this forum are actually really inspiring by how they handle panic situations and deal with crash trolls. Some of those ''chill, this troll is just trying to get in your panties'' replies helped me to to find confidence in bitcoin and this community. They saved me a lot of bitcoins. Too bad that the person you are talking about did not stumble upon them.
i don't have much of a history with investing.. so i don't pretend like i know a lot. i think most people are in the same boat, so they should probalby do the same. the first thing to learn, at least for me, is not to get too greedy that you are unable to read the signs.