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
Because people mostly wanted to earn easy money than longer value .
many of them hates to see their funds losing so instead of keeping waiting , yet they panic sell and react everytime there are bad news or speculative negativities .
People choose to sell because they are afraid. This is to prevent more losses. The people who do this are often newcomers who have entered the currency circle and cannot afford to lose. So I suggest that newcomers can invest a small amount of spare money, so as not to be unable to bear the risk.
actually by selling in panic made them a loser at that time.
if they tend to sell , then they may lose if they tend to keep , also they will lose so choices are made.