Quote from: MainIbem on August 11, 2024, 01:09:20 PM

I've come to understand that some people invest in Bitcoin with emotions and those are the ones who would get worried over and news concerning price decline, someone that's experienced several dip in Bitcoin's price would see no reason to panic or sell their coins since they're already aware of it's nature, that's why it's rare for old investors or top holders to complain during the bear market, have you ever seen or hear Michael Saylor complain about the dip? I don't think so but instead of you'll hear him talking about buying more during the bear season and despite the amount of Bitcoin his company is Hodling all they preach is buy buy buy and are yet to sell any portion of their asset. Investing in Bitcoin is best for long-term term purpose cause one would definitely yield good profits over time and would see no reason to panic but see the dip as a buying opportunity this is something every new investor should learn from.

To be fair, it wouldn't make any sense for someone like Michael Saylor complain about the bear market, or anyone with a large enough bag, unless they were about to make a move and buy more. Influencers have moved the markets in the past and if you want your bags moving up, last thing you want to do is to sow fear.

It's unspoken contract and pretty transparent if you think of it, to try to hype everything you hold and fud competition or something you don't have (yet). No one in their right mind would cry about the price that they want to go up. That being said, i don't think that all speculators are "in their right mind". Some are self-destructive and have trouble controlling their outbursts.