Newbies may make this mistake more often. Basically newbies tend to sell a coin when its price drops because they cannot control their emotions. Emotions must be controlled to be successful in investing. Which the newbies can't do. Also due to lack of experience and patience many people sell their coins thinking that if they don't sell the coin now then the price may drop further later even more can be damaged.
In the current market situation, there may be many who invested, but now that prices have fallen, they may be apathetic and sell their investments. If they invest patiently for a long time now, they may be able to earn profits later.
Yes you are right new investors mostly make a mistake when price of their coins drops. They sell their coins because they are scared or worried. Experienced investors know how to control their emotions and make smart decisions. New investors mostly do not have patience to wait for market to improve. They worry that if they do not sell now they might lose even more money later. But if they wait patiently they might make good profit later. To be good at investing they need to be able to control their emotions and wait for right moment. In the current market situation, there may be many who invested, but now that prices have fallen, they may be apathetic and sell their investments. If they invest patiently for a long time now, they may be able to earn profits later.
