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..
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..
I have experience and I know that the crypto market can go down a sharp 10% in a couple of hours, but that is not the end of the world. If it is Bitcoin, it will eventually recover no matter how long it takes. Sometimes it recovers within a month and sometimes it takes a little longer. It can even take years if it is dumped from a pretty high range. The experienced people know the market will recover.
When it comes to new people, they do not have enough experience they start to panic when a big movement happens. Losing a sharp 10% of your portfolio within a few hours is worrisome and they think about it.