Quote from: jinxing on Today at 03:22:56 PM

Quote from: sportclub2010 on Today at 11:07:31 AM

Quote from: Trixoempire on May 12, 2021, 07:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

in essence, they were afraid of losing a lot of money and were unsure of the coins they held. Another trigger could be FOMO which caused most of them to get carried away and then immediately took the decision to sell them

Fuds really affects the sentiment of those weak holders, they are unsure what to do with thier hold assets, once pressure

for selling show up, they simply being moved by the situations and follow what most of those sellers decisions, leading them

to lose money without realizing that this is also part of this investment.