Quote from: jaberwock on Today at 11:10:23 AM

I hate people selling at low prices because they are eventually contributing to the bear market by selling. Then I also feed bad for some because not everyone has a humongous capital and they cannot risk the market crashing even further. Not everyone has a backup plan or secondary job so they have to cut their losses as much as they can.

If you ask anyone who sold their coins for cheap, to honestly answer this: "Do you really feel BTC will never go up again?" they will almost all answer they believe it will go up, but because it might be their life savings, they cannot just risk it either. Some people are doing leverage and futures trading and hence they automatically lose when a big crash takes place.

The real sad thing part is that they are losing money by not holding as well and they are hurting others for now while hurting themselves in the long run. If we keep our bitcoins to ourselves and not sell any, that means we are going to profit eventually when it goes up, maybe it will happen later than we like but it will eventually happen one day, anyone ever doubts that bitcoin will be over 40k+ one day? We all know it will be, so all we have to do is hold it.

What the sellers however are doing is that they are losing money, the price goes down and it causes them to lose money and in short term hurt the market at the same time. I understand anyone who needs the money and sell because of that, but selling because you see it go down is not a good reason to get out of the market for sure, you need a lot more than that in order to survive in the long run.