its too long for beginer investors holding their cryptocurrency asset.their psychology now down , and maybe this is be the last time for them to invest in this market.this condition make selection for profesional and amateurs investors.
I doubt that. As soon as the price goes back above the price people bought at, they will regret having sold their coins at a loss and will very likely fomo in again but hold tight this time will the price go down.
People need to be proven wrong, and the only way for them to be proven wrong is to see Bitcoin make new highs, which it eventually will. Patience is what we need and we have always been generously rewarded for that.
By nature most average people buy that what's going up, which also explains why they have taken a dive into pot stocks this year. Real companies, but the same level of speculation and pumps and dumps....