I would say a great deal of those which sell their coins when the price is very low probably never had any intention of holding their coins for the long term, for me they are traders that were unable to sell at the top of the market and kept them hoping the price will recover.
Then when this did not happened they were forced in a very difficult position, they either had to sell their coins for a significant loss or hold their coins for an undetermined amount of time, they chose the latter and to their dismay the price kept going down, so they have reached a breaking point and they are unable to hold their coins any longer, selling for loss and ruining their account in the process.
Maybe most of them panic when the price drops drastically so they want to save their funds so they don't decrease too much. But those who can hold on to their assets when the price drops and can buy even more at that time will get a lot of profit when the price starts to increase.
So it's better before they decide to invest. They must be aware of it so that there is no anxiety or concern when the market is experiencing a correction that causes the price to fall. Holding the coin would be better because the price will come back at a good price.
by looking at bitcoin's track record from the start, we can conclude that bitcoin will move up and always form new ATH, considering that bitcoin always forms new ATH as the number of investors who enter is increasing. especially if there will be many governments that legalize it, of course it will make the impact of trust in bitcoin will increase for the laity, and if good news continues to happen then what we hope will always happen
Looking at what is happening with bitcoin from the beginning is a good step in analyzing bitcoin price movements so that we will always be aware that the decline that occurs in bitcoin is only temporary and will be replaced by an increase in price. This price increase will create a new ATH that can make us surprised and not expect it. So if they can hold their bitcoins until the price can increase again, it will be profitable.
I saw some of my friends doing this because they bought at too high a price which made them feel like this was the end because the majority of them were new to crypto.
Even though I also always give advice to those in crypto, especially bitcoin, a decline is something that will happen sooner or later because when there is an increase there will be a decrease.
But indeed even though this is something that is difficult for them to get through because this is indeed the beginning of them being in crypto and too high expectations by hoping that the money will increase instantly actually make them indecisive and forget the important thing, namely waiting and holding.
Maybe they are just not ready to invest in crypto, making them panic to see it. But you can keep telling them to stay calm and don't panic so they can see an opportunity they can use when the moment comes. Maybe they need to learn more and gain more experience, to help them stay calm during volatile markets.