Let’s be real, most retail traders either panic too fast or get greedy when things get turbulent in the market. Every cycle, it’s the same story: either selling too early or holding on too long, and then the same mistakes happen again.
I can
vouch foragree with this
onetake, maybe it's because majority of traders are using the money that they really need so they
are afraid
that they might clear their account balance after getting liquidated and have no money to live off therefore making them panic.
As for me, I don't really do daily trade but I do investing using money that I don't really need so even if market dumped to $40k today I can just wait for next cycle.
Like basically how I still have exposure toward ETH and despite the pretty significant dump which is unfortunate, I just gonna wait for it to climb back to above $2k again and it seems it's doing exactly that so It's far less mental stress compared to people who trade
and can't afford to lose.