Quote from: moneystery on Today at 05:23:08 PM

Quote from: darkangel11 on February 28, 2025, 10:07:00 AM

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So, you bought a house for $1m and a year later someone offers you $900k for it. Will you sell it? Why should you? If you're not in debt, have money to pay your bills, you won't sell it, right?

this is an interesting analogy and i really agree with it. there are some investors who sell their bitcoins at a loss just because they are too emotional and can't control themselves not to sell. they are affected by the volatile market and don't understand that what they are doing is just their loss. they don't understand that the volatile movement of bitcoin is only temporary. they sell immediately and don't think ahead. it's quite unfortunate. and if someone thinks like that, then they need to think about an analogy like this, that when they sell at a loss, then they are the ones who lose, while people who buy at that position will benefit later when the market is bullish.

In fact, they are unnecessarily scared, we can very likely say that this kind of dumping of Bitcoin is never a permanent dump, they will end at any time, and they pump more than the amount they dump. But the investors are stupid, who are scared of this kind of dumping and sell their holdings, even they sell their holdings at a loss, but because of this they themselves lose their chance of success. Because they sell their holdings, and after some time Bitcoin starts pumping again, and at that time they only regret it. So it is very clear that if you sell, you will lose the opportunity, but the more you buy and hold, the more there will be a chance of profit.