Selling Bitcoin when it goes down or up does not have to be a stupid choice. If the sale was based on panic then that's what I think is an improper choice. Not stupidity. Imagine if we buy the current price $ 6500 later tomorrow morning $ 7000 and we panicked and sold it tomorrow morning because of panic to see the profit, I think this decision is less precise and rash. An analysis is needed there before making a decision.
it does not really matter if a person sell his coins just because he panicks or not because that is thier own decsion not our. all of us do have a reason on why we sell or buy cryptos , so overall there is no proper or improper choice here . selling bitcoin is not also a stupid decision because as on what ive said earlier , we have our own reason on why we sell it . we maybe badly need some cash for important spendings . theres no problem with it.
Yes I agree with you. It depends upon the person/holder if he or she will sell his/her coins but it doesn't mean that it is concerned as stupidity.
How can you say that it is stupid when someone is really in need, like example it matters of a life and death situation. Would you choose to wait until the price gets high before you sell or you'll gonna choose the life you are taking care of.
We do not judge other people by their desicion because we are not on their situation.