Why are people still scared during these dips?
I don't really get it why people are still scared during every dip or crash. It's a good thing these crashes. Good opportunity to buy some cheap crypto. And make some nice profit. It always goes back up again. If you just buy the dips you always make profit, quite a simple game actually, right?
Almost all of them are newbies in crypto, who thought get rich in short, when market is down, they get really scared and start selling all they have, thats all
That sounds really plausible but are there so many scared newbies that, that justifies the huge crashes? I almost am at a point where I think bad news? Sell immediately and just buy back when it's gone down some more. I mean it happens every single time. Bad news people get scared massive sell off, price drops few days or weeks later the price is up again. And if not then in a few months or a year. So just selling during the beginning of the panic sell looks like a whole better strategy then only hodl.
Most have no investment background. The fall will stop and money will be made again
well.....in a way maybe it's like that...but the point is that there are many alternatives appearing...Bitcoin is valuable because it's the number 1...if steem or other gets the number 1 place....there is a big difference between number 1 and number 2,i.e.
Resteemed