Noobs/New comers are in panic sellering. they dont deserve to hold bitcoin.. old investors/traders are holding on it until such time. Buy and hold at this moment we will see a good profitable in the future
Panic selling is not necessarily by noobs.
An old
BTC holder may be tempted to cash out his
BTC's, it looks like an unique opportunity given the size and buzz of the crypto boom. Someone with a small wallet (2012 standard) of 1000
BTC which cost say $1000 by then would be more than tempted to cash out for $14 million now... Just needs to find 1000 noobs ready to throw him $14,000 each. Apparently there are legions of them
Reversely, a noob may tend to wait too much before taking a loss (known psychological bias).