Sure there is a problem with people who sold on the way down, but that does not seem to be the crux of the main kinds of problems that are likely to afflict people who are fucking around with either selling too much bitcoin too soon as BTC prices are going up and even sometimes either failing to continue to DCA, stopping their DCA or cutting back on their DCA because they are trying to play UP and down waves that may well not end up taking place in such amounts that allow them to get a sufficient amount of advantage from those kinds of plays to make them worth their efforts when maybe they just need to continue accumulating BTC without trying to play the waves.
Maybe it's quite difficult to explain because those who sell Bitcoin at low prices definitely have problems in the investment they make, such as fear that the price will fall further and there is also no confidence for them to hold it for the long term. If we look at the period last year where the price of BTC fell quite significantly to the $15k price level. Of course we see many people selling their BTC at that time and of course we don't know the reason they sold BTC at such a low price.
However, we as holder, we think they made a mistake by selling at a low price because if they waited a little longer, maybe they could get a better profit from the decision they made. Apart from that, if they play in the waves, the risk they take may be greater if the plans they have made end in failure.