Quote from: kentrolla on December 14, 2021, 07:16:20 PM

Quote from: bL4nkcode on December 14, 2021, 05:59:33 PM

Quote from: kentrolla on December 10, 2021, 10:13:23 PM

I have seen few post in the forum again which is portraying Bitcoin price in negative lights again and some are predicting Bitcoin will go below $40k

There are lots of them, soon as bitcoin drops, speculations are scramming left and right. They're not FUD but just speculations. That's pretty normal though, newbies tend to believe it as well some don't. Those who have enough knowledge and solid decision will remain and those who are in doubt will back off and sold off, the normal buy and sell in the market.

Yes, that's true as newbies tend to follow the speculations posted in the forum or elsewhere and end up dumping and here we cannot blame the newbies alone as I have seen some tenured users getting panicked and end up selling at a huge loss, I think over commitment is the reason for this as users sometimes end up investing more than they could afford to lose and when the value starts dropping it becomes really difficult for them to holding on to Bitcoin or any crypto. If we stick to basic then we will not be at this vulnerable situation.

Whenever there is a dump in bitcoin prices we see negative sentiments everywhere followed by negative news. Due to this everyone is affected and not only the newbie's investors.
Most people come in crypto trading thinking that they will only see their portfolio grow. This is not the case in reality and they should be prepared for both types of market conditions, bearish and bullish.