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For those who have been familiar with or studying Bitcoin for a long time, I don't think panic selling will lead to losses. In fact, holding Bitcoin for a long period of time will yield significant profits. I think everyone knows this, but if someone sells their Bitcoin holdings early, it could be for other, more personal reasons.
Bitcoin is currently at its peak. Just a few days ago, we saw its latest all-time high. However, that doesn't mean we should stop buying. Instead, consider the possibility that this will continue in the future, creating a strong incentive to continue buying Bitcoin to avoid regrets when the same thing happens again.
How do you mean that Panic selling does not lead to losses if you have been studying bitcoin for a long time?? Panic selling is unplanned and happens when fear sets in. Panic selling could land you in great losses if you wish to remain in the bitcoin investment then after.
. As for bitcoin being at its peak, that's not true. Bitcoin still has a long way to go and that should be the drive. Awareness is increasing and more investors are getting interested in bitcoin.
I got confused while reading his statements, i tried my best to understand what he's saying, maybe he meant that panic selling would lead to losses and not the other way round but if he really meant the other way round then he needs to go learn more about Bitcoin investment before coming here to say such, you can't say that holding would attract significant profits then go ahead to say that panic selling doesn't lead to losses. If you're aware that when you hold Bitcoin for a long period it attract more profits then why panic sale?
Well everyone have their excuses for selling early but if it doesn't go in line with what Bitcoin investment is all about then you're making the wrong choice regardless, before going into invesring in Bitcoin an investor should've already been prepared they should already have a job and a discretionary funds intact so there'll be no excuse for panic selling. Yes, bitcoin hasn't got to it's peak it would likely get past it's current ATH in the near future and anyone who thinks otherwise needs to do more learning than teaching.