Why do people sell their Bitcoin due to fear of the current drop in price. Do They feel the price will drop further and never go up again ?
Yes they feel so and it’s normal if they do. Newbie investors are mostly caught on this act and I don’t feel there is a way to justify them not to feel so. For you to be able to understand the market and be okay while playing along with it takes time, so there will be panic in some traders and they’ll rapidly sell when the market is down.
That. And thats generally a good thing. This gives new investors the opportunity to enter the market at a discount, while weeding out the paper-handed fools who treat Bitcoin like a casino chip.
So, yeah, let them sell. Let them cry about their losses on Twitter. We will be here, buying the dip, accumulating more sats
The weak hands always fold. Thats the way it is, and thats the way it should be.