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That is true, newbies tend to panic whenever the price of Bitcoin is falling, its only old investors who has been into Bitcoin for a long time and understands how it works they are the only ones who ate happy and also has patience when Bitcoin is down.
Thats why anyone who wants to get into Bitcoin should study it and know everything about it including how it works. But I wont really blame them newbies, you will also do the same when you invest in something you dont know much about and the price starts to take a dip.
I have been interested in bitcoin for over 6 years now. I have been here way before anything important happened and I was here when all bad things happened as well. I have kept my peace with bitcoin for a long time and always supported the increase of bitcoin price and still do.
Nevertheless, this time it is a little bit different than the "old times" that I have seen, it seems like the market is volatile like always however this time its billions that keeps moving on. Back in the day when we saw drops and increases, it wasn't billions it was millions. This time it scares a bit more because honestly it is a lot of money to change the prices and rally up for a bull run.