Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?
When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?
Source:
https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/I can't deny the fact that people are selling out of panic because the time is hard and unpredictable! The way way bitcoin price came down to the current level from 6500 level, is indeed a trigger for the panic! So who have just invested in bitcoin to make good amount of profits, they will sell their positions and take whatever profits they can! I usually don't consider them as a supporter of cryptos. They are just investors and joined the market just to make money!
I accumulated majority of my holdings when the price was at $450, so I am still in huge profit! I'm sure that I'm not going to panic sell, at least not at this moment for sure!