Quote from: Agbamoni on Today at 11:44:53 AM

Quote from: Youngrebel on March 30, 2025, 09:54:08 PM

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 ?

Are you holding Bitcoin yes, or no? If you have Bitcoin in your wallet, you must plunder why the market decides to go down at this point. It becomes even more frightful to you when you are short term trader. Most persons are trader, and they are in for short gains when the market starts going against their trade it is a huge loss for them this is part of the reason you see people fear when the market starts dipping. They don't feel it won't go up again, they feel they are losing their money already as the price keeps dropping. Only long-term investors don't care when it drops because the price will surely come back up.

I don't agree with the phrase in bold. According to CMC 74,2% of addresses haven't carried out any transactions in the last year, and only 4,26% have done it in the last month. So many people are holding.

Nobody likes losing money and those who made a bet to make some profit may panic if they see that the price starts going down. Even those who plan to hodl will suffer in difficult moments, nobody said the life of the hodler was easy, but it's usually money they can afford to lose.