Quote from: Smack That Ace on Today at 03:23:30 AM

Quote from: Oasisman on Today at 01:53:17 AM

Quote from: shanhaigamefi on May 11, 2024, 07:51:02 AM

Do you think these are the reasons?

The simplest explanation to this it's because of the market sentiments. More people are actually selling than accumulating. Those you have mentioned maybe some of the reasons, but who knows what significant reasons how bitcoin being priced today, but is it something we really worried of or this could be another opportunity that we are going to miss again?
People are very optimistic for the 6 digit figure, so none of this will matter in the next 5-10 months.

If people are optimistic about the 6-digit figure that bitcoin will reach, why do many people sell without accumulating?

In my opinion, this is just market movement, I mean after bitcoin has grown for many consecutive months, a decrease or correction is inevitable. There are always bulls and bears in the market, the bulls have been dominant for a while and now it is time for the bears to prevail. As a financial market, increases and decreases will always alternate with each other, we cannot expect bitcoin to only increase and not decrease.

Bitcoin decline is an opportunity to buy, not the time to panic, but it is difficult to understand why many people are always afraid and always ask thousands of questions every time Bitcoin price drops.

Because being "optimistic" is an emotional response. Those who use words like hope, feel, optimistic or excited are the ones who lose money. Same flaw as gambling.

I sell to secure and realize real profits and continue to invest and sell systematically to a business plan, it works.

I haven't found an institution yet that takes my emotions as payment.

What I don't understand is why people HODL (that's fine) and come on here to convince everyone else that's they way. Are they convincing others or themselves? If your going to HODL then do that and don't waste time here, invest your time in something else or go to the gym or something. Treat it like a job.