Correct. Many people can't be patient to wait for a while, and they decide to sell their bitcoin at the wrong time. But I guess that in the end, they will learn about the patient so that can help them to wait until the price can back to the higher price.
Yet we cannot blame them coz what if they really a money? especially during these times that we really need it, it is their full responsibility to keep away out from the market. And since we be talking about patience in here, I've seen a lot of people be confused on what patience are we talking about, if it is the patience to wait for the market to run good so we can sell out our coins or the patience to wait for the bitcoin to be adopted in the real world. What you got on these two?
Maybe they use a wrong strategy to use all of their money to trade so when the market is going down, they don't have back-up money, and that can makes them to sell the coin at a loss.
The patience that we talk is about how we can be patient to wait until the market to run good or until the price can increase at least, more than the price we buy so they can close the trade and make some profit.
The other trader who leaves the market when it's dumped will not back for temporary because they get trauma from the last experience. Maybe they will not come back to the market again.
If that's the case then they are really for the crypto market, coz from the beginning it's been that way that you have to deal with simply this industry is pretty volatile. It's not trauma that caused them to not to come back to the market, it is the affordability mate.
I think they join in the market because of the trend that they see in social media, and make them curious, so they think that it is easy to try. But the fact is, trading will be more than they think, and it needs to learn to trade before they use their money. Some people will be afraid to enter the market again, and some of them still hold their coins for a long time. Maybe it's trauma or maybe it's not trauma because we don't know what they think.
