Quote from: freedomgo on Today at 07:59:14 PM

Quote from: mk4 on October 15, 2022, 07:36:37 AM

Even if this data is totally accurate, who's to say that they wouldn't change their mind? I could almost guarantee a huge majority of people who bought into the bitcoin hype at near all-time highs were also planning on holding. But yet? Most of them panic sold.

That would be mostly the scenario for newbies in crypto, trying to buy even at its new ATH and plan to hold longer, but they end up panic selling due to fear that they might lose more when bitcoin price shows more price decline. Although I’m not saying this generally, but we have learned based on our experience that people trying to invest in crypto are dying for profits but were not ready yet to take the risks, that is why they end up panic selling and lose in the end.

Sometimes newbies come just because they want to get rich quick, but they forget this is a difficult market to analyze. But if they dare to enter the market, of course they have a good mentality and of course they will learn more from the experience, even though they got a bad start.