Those noobs can be easily swayed by FUD specially those who bought at the top price during the December frenzy. They panic when everything evaporated just like that then comes the FUD schills and doomsayers which added fuel to the fire. That's why they are the victims here, potential profits is gone because they are too emotional. Then they join the doomsayer that bitcoin is dying or bitcoin will go to 0. Well, you can't blame them. They went to the market with the hope that its a get rich scheme which they learn in the hard way that its not.
That's why they are called
noobs in the first place but yes we can't blame them.
Even Noobs can act like the ones who are interested to do a deep research of what is going on and why.
Instead, they just go with the flow and sell their coins for cheap.
Thinking bitcoin price will just stay upwards, these noobsstick to that kind of mindset without realizing that a crash or dip might happened on the way. But honestly, it was a good experienced for them to be swayed by FUD and then regret follows as in here they will realized that bitcoin price crash is not the type of scenario where they will just easily pullout their assets.
This is what happens when unexpected dips are painted over the charts by whales who are undoubtedly interested in buying these noobs' coins for cheaper, making it real hard for them in the future to gain even 50% of that amount in BTC if they pump it up to more than 100% in fiat.
With that kind of experienced, these noobs will improved their thinking that a crash is part of the system and if they planned to hold for long term then they can conclude that they must disregard any forms of movement on the price because all they need to do is to HODL.
I believe it's all because of the lack of knowledge and not experience alone, as there is nobody here to teach them everything.
But, as I've elaborated before - if they're going to act like a kid, they should never invest only into anything as they don't hold the HODLing power that's needed in each and every investment ever made.