We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
Did you see that bitcoin after going to 64K, move all the way back to 30,000$. The people who bought above 50,000$ were in extremes fear because their investment was almost halved. Those who were in profits at 60,000$ but did sold at that time were also in panic thinking bitcoin may go further down. These emotions make people panic sell.
In order for you not to panic sell, you should have a bigger picture of bitcoin and crypto , and only then you will survive these panic times.
Having a deeper understanding of what type of business you are into will give you enough patience to wait and hold. There are many people who
are unable to see the big picture ahead. They are just here trying to be compensated, but when the situation like this happens, they are the one who got
easily victimized, they sold everything in hope that they will not lose all of their invested money.
You need to focus and understand before you take your step in investing with this kind of volatile nature of investment.
Make yourself aware on what you are dealing with and understand the risks behind which would really make you a better investor on which you wont really freak out whenever you do experience or see crashing market.
You would able to bare those situations if you are experienced enough.Im not saying that panic sell would get rid out of it yet even experienced ones would really still able to commit it.
Understand the nature of this investment and same as you said it is volatile as fuck on which you should really handle it out with proper caution.