Does it matter how long you've been in the market, years of experience does spots on some bright sectors on the market I guess?
Of course, it does. If you have been in the crypto market for a long time and you are familiar with these market movements, you won't get panicked by those movements because you know these are usual things in crypto. But when someone new sees such movements, they think crypto is getting fucked and they should quite the market as soon as they can. That is not what a veteran crypto user will do.
But as I said, sometimes veteran crypto users get panicked due to huge market movements. I believe a lot of people actually panicked when the market started crashing a few weeks ago.
Agreed.
It depends on so many factors, but people do act differently based on their experiences. Mostly, they already got in the situations they are getting now in the past, so they know the possibilities and the risks behind it. If they learned from previous mistakes, that is..
