The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
I agree most new comers to the crypto investing market think the same way because they tell good things about bitcoin until the bitcoin prices rises and making profits for them but once the price starts to drop they are accusing about everything and that is why many people who don't understand the bitcoin market accuse bitcoin as a scam because they have lost there money during the price fall but if they have been patient they would have turn it to a profit