The impact of the Bitcoin market falling on the basis of the revenue tax proposal imposed on Bitcoin transactions by Joe Biden has come on all coins in the market.  So not only on Bitcoin but all cryptocurrencies are flowing downwards.

What you say is correct! When participating in the long-term and experienced electronics market, Bitcoin decline is not afraid. You need to be patient and wait for the opportunity. Don't rush to sell your Bitcoin price to others so that when Bitcoin increases they have the opportunity to become billionaires and you don't. Sorry when you let that happen. Keep a cold head and awake brain when investing in Bitcoin.

Wow, I actually smiled reading the title...
So this is it...but I think everyone is selling their Bitcoin now, not only weak hands. I sell some, not all. This is the wisest thing to do since I was thinking that HOLDing depending on the market situation. You hold for a reason and I sell also for a reason. Holding isn't a lifetime job, we often sell for the sake that we are aiming to get a profit from our investment unless if you don't have such intention.

The fud started with the waste of energy in mining BTC and then a province in China blackout but didn't work to make the BTC drop further but the news about tax had worked for BTC to dip this low making the holders dump as well. But I don't think many will really be selling when they know the governments are also in crisis. We still find BTC as the safest asset. Fuds are coming still like Korean exchanges are being seized by governments, I think this will really make the DEX to be highly used soon.

True that. I too believe most most have forgotten that there could be a correction in the market like you said because it has almost been an upward trend for Bitcoin for a while so once this happens, you would definitely see panic sell off like this.

Secondly, I dont think that the institutional Investors would mind that because I understand most of such investors come in around that price so I dont think they would be trying to sell when that happens only some individual investors i guess.

I think people have already gotten used to the price drops because that is a market where there are sellers and buyers, the price will never just increase without having price drops. and if all people do not sell then the price will not increase and we will not have a market either. someone will always have to buy and someone else will have to sell


wow you must be rich


there are people who want to maximize their profits by buying low and selling high, others who have their target selling prices. each person enters this market with its own objective

You are saying totally right my brother. Just hold bitcoin for future to get massive profits. Many peoples have sold all of its Bitcoin at 10,000$ or even 20,000$. And thought that bitcoin is a useless currency so holding it for long term is not beneficial. And now bitcoin reaches to 60,000$,they feel himself the unluckiest people in the world.

It is normal for people that are new to crypto to panic when these corrections happen. Let's admit that we also panicked when we first experienced it too. And as what my professor in college always said, experienced is always the best teacher. You can't avoid a mistake if you didn't experience it yet personally. So for those newbies in crypto, if you trust the potential value of bitcoin or any crypto you hold in the future you should just hodl it. Don't be swayed from the fuds when the market is dumping.

Of course, when they sell, what is done with the aim of taking precedence. Moreover, we know that during the pandemic, everyone feels difficult and needs funds to survive. We have to admit that during a pandemic many people are having a hard time.

but if they sell because they are afraid their value will continue to fall, or as you say that long-term investing is not profitable, of course at this point they will feel sorry for making the sale. did not think that bitcoin was able to get up and reach a high enough price. but please remember that the price is not maximal and will continue to move up. remember that the end of the year is still quite long and there is likely to be a significant spike in prices.

And it was very late for them to realize that they are wrong, mostly it happens after regrets.
This is a thing that we can find no solution as it was depending on how we respond to the market change and also how to control our emotions.

Almost everyone saying HOLD and HOLD but later on, they''' find themselves they were not capable of doing it especially when the market continues to decline and their minds start to get in trouble and then start to think negative which ended up selling at losing.

We can never change this, that is the fact.