Those of us who came later are already down on our investment, so we have more to lose
I would say recent investors have the most to lose as they either bought the top or are now stuck in positions. Early adopters are losing profits only...
It’s not surprising at all actually. People who got in early enough are still ‘up’ on their investment so they have the safety net of knowing they can pull the pin and get their money back. Those of us who came later are already down on our investment, so we have more to lose.
It’s not because they bought low but because they’ve seen this time and time before ppl. It will go back up ppl just need to be patient!
Thats because we believed in it and still do to change the world through disruptive technology, which takes patience, all those who just go for price have no interest whether the tech survives or not they panic the most , 2014 had an 80% drop and still kept going
I get that you’re saying that the crypto OGs have been through multiple booms and busts, but if they’ve been in the game this long surely they are 1000%+ up on their initial (at the very least) so why would they be worried
For future viewers: price of bitcoin at the moment of posting is 7695.60USD