We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
The answer is so simple FUD.
Maybe we are all aware that it wouldn't go to zero but those seller are saving what they could when they think that it would continue to drop down.
We all know that it would recover but isn't it better to cut loss then buy back at a lower price than just holding it?