Bitcoin price dropped a lot today, but pumped up a bit again. Currently the market is very volatile, so many may panic and decide to sell Bitcoin. Maybe many panicked and sold bitcoins. Now those who will decide to sell bitcoins after getting disappointed in this decline, are not really real investors. Those who are real investors will never panic at this decline, instead they will see this decline as an opportunity to buy dips. I am not disappointed with this decline, I will continue to try to buy more.
I believe those who sold there bitcoin in panic are mostly newbies and now they finding it difficult to buy back, because they really lack understand that bitcoin is a volatile asset, that it price can fluctuate rapidly and unpredictably. Most newbies this days don't want to take their time to understand how things work in the industry, bitcoin dumps to restructure again and many newbies fail to understand this.
It is not only newbie that sell when there is a dip in the market rather traders also do sell reason because the market is going/moving against their prediction or speculation and this is the reason why it is not advisable to gamble or trade Bitcoin because it can dip and take a longer period of time before it correct and surge so anyone who is approaching it with trading or gambling vibe is doing a very big mistake because they will sell at loss even when they don't plan to because they will be left with no choice.
However, I want to remind you again that not all newbie sell when there is dip because some newbie has the basic knowledge of what Bitcoin is and some newbie are very determined that no matter what it takes that they must accomplish there Bitcoin investment and those who sell are people that don't understand how Bitcoin works and the potential of Bitcoin it is obvious.