As we know, Bitcoin had reached at it's peak of $19k during the end of the year and after that it went to a deep decline.
People are hoping that the same momentum will take place this year too. So if this happens, won't people be ready for buying at this price.
Or lets say if the price really goes high and when the year end comes, won't the people sell it before the decline arrives ?
If people start selling, don't you guys think that the decline will arrive much faster than the last year ?
P.S : My point is, we can't expect the price to rise and fall the same way as the last year.
Those people who will not sell their coins immediately when the price of bitcoins reached that high are just greedy and they want more profit and come up losing everything because the market is volatile and the price might go down anytime.
It is not only about greed, I did not sold my bitcoin at the all time high simply because there is no point for me to sell my bitcoin, yes that would have been great profits but since I really believe in the long term prospects of bitcoin there is no point in selling now when I plan to hold for at least an additional decade and while that may seem like a lot of time I'm sure I'm not alone in this.