Quote from: South Park on Today at 08:35:23 PM

Quote from: travwill on July 05, 2021, 09:41:41 PM

Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.

And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake.

Very often to happen that newbies will never think about the future but just for today or in short term. That is why they mostly got panic when the market shows a decline as they are worried that they can't get their money back, they are not comfortable. And this happens when we just jump on the market not knowing if that will be the best position to buy.
If they had come during the hype and buy, this kind of investors has no doubt that they are already selling.