Yea, you are very much correct on this bro, Bitcoin is king when it comes to digital asset, and what makes most newbies investors to sell in panic anytime their is a certain dip in the market is due to lack of knowledge or trust on Bitcoin and how it operate, so I really do get it, when I hear of a newbie selling of his holdings in panic, but what I really don't understand is when a veteran investor sell in panic like a newbie, when the dip in the price of Bitcoin is very strong, because I believe that due to how long they have been in the industry, they should at least have known that Bitcoin has the capacity of always rallying back to it previous height or even better.
So sometimes when I heard of how veterans sell in panic, I really get confused by their actions, or is it that they never believed in Bitcoin in the first place? Or they bought Bitcoin with the aim of holding for a short period of time, and when it's not going their way, they decide to sell because they can't be patient to wait till it rallies back, so I just take it as different people and different mindset though.
When the market reversal occurs suddenly, this is where investors need a strong mentality to continue holding Bitcoin ownership. Panic in investors is influenced by several concerns, none other than that they are not mentally strong enough and secondly they invest with money that is not ready to lose. That's just a comparison and of course someone must be able to avoid fear in themselves when the market turns red.
It's not just beginners who can make mistakes but in general almost everyone can make mistakes if they act stupidly when the market crashes. Maybe if you remember when the price of Bitcoin fell drastically during the collapse of FTX and Terra Luna, of course many of them made mistakes and now they may regret doing so.
So as explained in the previous post, if you invest, you must be prepared to face many obstacles such as falling prices or other things. Take a lot of time to learn about it from the history of the past years. Bitcoin is a fairly valuable asset and has a limited supply, so just buy and hold, go through all the obstacles to achieve success in the investment we make