Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
If you think that panic will stop in the market, then you are new to the business. It is not perculiar to Bitcoin, it happens to anything being traded in the open market even in our localities. A speech by Fed Chair, Jerome Powell inject volatility into the entire forex market with people selling or buying aggressively. Many people profits from this while some also get burnt from this. The key point is that panic buying and selling will continue to happen as it is part of the business.
Different people have different perspective and targets. It is mastery that makes the difference. While some will see holding for long as a way of keeping the money redundant and not yielding much profits, some see it as the way to maximise profits.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
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