Quote from: wmaurik on Today at 02:43:11 AM

Quote from: yudi09 on August 23, 2022, 10:48:26 AM

A very common strategy (Don't panic and hold), but it is very useful to apply when the market is experiencing a price drop.
The situation now is challenging many people. Those who are weak will sell and I am very happy that many hands are selling. I call this a period of challenge.
This challenge will be won by those of us who think positively by looking at Bitcoin in the long term.

Not everyone who is selling Bitcoin at this point should be called weak hands. Because it could be that some of them are selling Bitcoin at this time just to meet their urgent life needs or are in need of money which is very important so they have to be willing to sacrifice the Bitcoin they are holding. Even though they basically really like Bitcoin and still want to hold on to it long term. But living conditions forced them to sell Bitcoin early.

Selling out of necessity is okay. But selling Bitcoin to replace to fiat without an urgent need is worth calling it weak.
In this context, we should be able to separate them as well.
Those so-called "weak hands" in my opinion are the ones who are easily influenced by opinions that demonize the future of Bitcoin because they personally have no knowledge of Bitcoin at all.

Of course I don't think negatively of those who sell Bitcoin because necessity is basically quite sad at the time of selling, because I have also experienced it.