While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers
While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers
How it is so great to become a large whale because of these weak hands! Buy the dip! This is so commonly advised all around here but it seems that some people cannot stand seeing their Bitcoins loss some value and ended up selling during the dip. What a joke! And then by the time the dip is over and Bitcoin is already starting to climb the charts once again, they also start to regret and buy Bitcoins once again with a much higher price.
You're absolutely right current investors or holders will get panic when price drops,enabling to cut their losses instead of holding it,due to their fears that it will goes very deep and investment will gain no profits,without even thinking the impact of their actions.Price drops will continue when weak holders do panic selling.