Quote from: TheQuin on August 11, 2018, 09:12:39 AM

There is also a big difference in the way people look at it depending on how long they have been involved already. A lot of people are experiencing this for the first time while others have seen it all before. Have a look back at the all-time price charts for Bitcoin and you'll see this pattern at least 5 times. After it goes parabolic upwards there is an almighty correction before it stabilises in a new higher price range. Before the late 2013 run up to $1200 we were all used to prices in the tens of dollars then after we settled into prices in the hundreds of dollars. After last years run we are now in price ranges in the thousands of dollars. Newcomers a quite likely not to have that perspective and just see the short term fall from the all-time high.

Exactly, This people only saw bitcoin at its top and not at it's lowest peek. They even don't understand what is happening around so every time the price moves up they gets to excited and when the price suddenly goes down they are panic selling.

That is why some old timers are taking advantage with this type of mindset from newbies. We should always let them realize that fact.