If the news will announced that major exchanges was hack or other big news and we see big drop in price for %50 this is awesome.
People tend to quit then instead of invest. Love the downs love the bear market this the best thing you could have.
History repeats itself and the price wil lgo parabolic again
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett
Yeah, this line is a bit common piece of advice but not all are pretty aware with this line which is really helpful for you as a trader or investor but even though you are
fully aware with this advise but when you are already on the actual situation then its really hard to make out some buy if you do see a declining market.
The main
enemy of yours on this kind of time is your emotions.You wouldnt really able to avoid those have doubts where you do have impressions that it might go even more.
Bottom is unknown and you would really be scared to buying if you dont have any basis.
I agree with you and to me also, I believe in situations like this, It is all about the emotions of the investor. Weather there is a hack situation or a bearish king of market, I believe the investors emotion plays the bigger part of weather they will continue to invest or try to find a quick exit. So if your emotions are less influential to your trade decision making, those investors will tend to hodl and even buy more as the market dips knowing fully well that the market will return.