The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now.
You are actually right on the part that most newbies will have likely sold their holdings out of fear.
I have seen a lot of you assuming too much, but I will captivate on this two quotes above. The statement here is quite vague because their are no proves and/or evidence to the statements that newbies will be selling their coins as a result of the little dips in the market. So times I like to be sceptical and rational in thinking because it helps to widen and sharpen people's perspective in a course.
From the news that was speculated to be the result of the little dips we saw in the market some hours ago, I believe it's not just only newbies selling their coins, it could be anyone as long as their is panic. Even experienced people sometimes do not have the patience to stay for long, meanwhile some newbies could still stay longer than the OGs in some situations, so that I'm saying in essence is let's not captive it on newbies only because there is no solid evidence that shows that it's newbies that would be selling their coins as a result of the volatile market.