This doesn't mean people are scared, it is just normal correction of the crypto market. Temporary phenomenon. Nothing to be scared or whatever. Just need time.
A crash of the market of 70% means that people are scared it cannot be anything other than that, the manipulation of the market is real and exists but even the whales do not have the power to make the market dump that hard so what they do is to create a big drop in the price and then people get scared and begin to sell this starts a chain reaction and we get panic and finally a crash.
Topic: People, why are you so scared? - page 5. (Read 1789 times)
It's all a game on the character of a person and his qualities. Many newcomers now do lose a lot of money for various reasons in the world of crypto currency, but those who have long been able to learn the behavior of the market and the coin indicators for proper investment. Plus, a lot of fraudulent projects developed, and the resources of coins are already exhausted. There are many reasons, but the most important is fear.
A lot of people see cryptocurrency's as a way to make easy money . They don't listen to the advice here and they invest probably more then they can lose. And then there comes a big crash and they are panicking .
This is what happen when you see people invest in what they know nothing or little about, if you ask most people in the space they are trailing the market growth because they only have the sheep mentality
that's true, and most of them are inexperienced investors so that when the market decreases, panic rises and makes them feel afraid to lose. This doesn't mean people are scared, it is just normal correction of the crypto market. Temporary phenomenon. Nothing to be scared or whatever. Just need time.
A crash of the market of 70% means that people are scared it cannot be anything other than that, the manipulation of the market is real and exists but even the whales do not have the power to make the market dump that hard so what they do is to create a big drop in the price and then people get scared and begin to sell this starts a chain reaction and we get panic and finally a crash.
I don't think 400 bill has left the market.
It's more likely everybody is an "expert trader" now, checking charts, waiting for bulls and cup and handles before reinvesting it all back
It's more likely everybody is an "expert trader" now, checking charts, waiting for bulls and cup and handles before reinvesting it all back
because most of people thinks cryptocoins as a profit maker, they still dont believe cryptocoins will be a future currency of the world.
Agree, many people using crypto just to earn money, they don't understand it , they should appreciate the technology behind cryptocurrency, because cryptocurrency will help our economy soon and help our daily lives soon.
Because they invest with money that they cannot afford to lose so these people are really emotionnal and they usually panic sell
This is what happen when you see people invest in what they know nothing or little about, if you ask most people in the space they are trailing the market growth because they only have the sheep mentality
You have a point 
50% of the market cap does not equal 50% of people btw People got scared too much from the last market crash and they made many panic selling on the market.
Yes, that how a market is going to be because the market cannot always give profits to the investors. When it comes to trading we always need to wait patiently in order to get the return on the investment. People are mostly panic because there are many rumors spreading that Bitcoin will go down to more than 3000$.
I guess people are scared because they put something like %80-90 of their savings. Its for greater returns, sure, but its very risky that people lose %50 in crash. I think they tend to exist just after crash happens cause they don't have time to wait.
People are scared because they invested more money than they can afford to lose in cryptocurrencies. Also, 60% correction is a lot if you bought Bitcoin at ATH and it will be scarier. One should always see whether the project is giving promising future or not.
What you say is very true. and my investments depreciated by fifty percent. I do not want to invest or worry about waiting. Losing money is scary for everyone
Hope we will see better days..
People are scared because they invested more money than they can afford to lose in cryptocurrencies. Also, 60% correction is a lot if you bought Bitcoin at ATH and it will be scarier. One should always see whether the project is giving promising future or not.
I'm really curious. I see about 50% money got out of market. So that means 50% people dont believe in this technology or doesnt even know what is this all about. Some country wants to ban crypto? So what, there are hundrets of other countries. Crypto is made to fuck up those stupid countries who doesnt respect freedom and technology. Why are humans so advanced today? Phisicaly, we are almost the same last few thousand years, and yes, it is becouse of technology. You dont believe in technology, and especialy in this kind of technology? Even better, we need those greedy motherfuckers who only think about money out. Go away from this world then, get the fuck out, go and be backward and dont blame anyone later becouse you are stupid and got scared like a pussy. Ofcourse from time to time countries (their retarded politicians) will try to stop this, and why will they want to do that? Becouse they losing power with this kind of technology. But, whatever they try to do, it is only short therm and one day they will lose, like everyone till today. Remember Galileo Galilei or others like him? Dont let them make you stupid.
I think you are right. I dont even come out from the party although the price lower.
The price lower because of the panicer so dont blame anybody because of the price down, all because you are panicer. You sell and get out becuase you dont believe with the technology at all.
Unfortunately, even more than 50% of people put their last money in crypto hoping for a better life, without any decent knowledge about cryptomarket or cryptocurrency itself. They just wanna made a quick money of it as they heard about bitcoin growth all over the news. But they didn't even expect that bitcoin would start to fall so drastically (when whales shook the market). They didn't even know who these whales are and why the market is dropping down. So as they didn't know how the cryptomarket works - they saw dropping - they started to sell, just to save at least the part of their money because that was the money they cannot afford to lose.
That's the story in general how it all was
That's the story in general how it all was
Many of the people who backed out weren't not only scared but desperate too.They invested the money to make a profit, but they couldn't.
In cases like these, investing is like gambling.If they make a proft, they cash out else they withdraw.
Not everyone can hold their money in something that never come up.People have taxes,fees,bills to pay.Not everyone is rich enough to forever hold their money.
So they get scared after seeing even a small dip.
In cases like these, investing is like gambling.If they make a proft, they cash out else they withdraw.
Not everyone can hold their money in something that never come up.People have taxes,fees,bills to pay.Not everyone is rich enough to forever hold their money.
So they get scared after seeing even a small dip.
I think that most of the sell off came from a combination of FUD and investors with little knowledge in what they are investing in. These investors are easily startled and will follow the masses when the sell off begins. Those of us that have a stronger stomach and believe in blockchain technology must continue to hold what we have. The pay off will be big, and I suspect it will be sooner rather than later.
They anticipate the falling price too far and to buy the price below it again.
so that's quite natural. different if the investment objective is for the long term.
so that's quite natural. different if the investment objective is for the long term.
People got scared too much from the last market crash and they made many panic selling on the market.
Most of the people only think that crypto can make the rich so they invest all their money with out having the knowledge and process of it, now that the price slightly declining some of them gat scared and withdraw their money...... Funny people.
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