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
Fear is the main reason people panic selling their bitcoins right now, the impact of the big decline that has made them have to make decisions that are quite hasty, especially beginners who are new to crypto, so far I see the fear of experiencing bigger losses to trigger beginners to sell bitcoin when the market is bad, but for those who have experience and know bitcoin well of course they will still hold bitcoin, because bitcoin strong fundamentals are of course the reason for the possibility that bitcoin prices will rebound at any time.