in #hive-1679222 years ago

These same people spoke about buying at a certain higher price, but suddenly when they're presented with an opportunity, an actual crash to buy lower, this is when they'll begin to pull the rug even when it makes sense for them to buy.

I agree, it's like when someone is looking at an expensive item wishing to buy it. And then here you come, as the owner/seller, giving a huge discount and suddenly that person was suddenly decided not to buy it. LOL.

Though, in a way, I understand them as well. As a matter of fact, if not because of Hive, then I would still be one of them.

I believe that the main issue why there are some people panicking at times like this is they don't fully understand what they are investing in or they might have invested an amount they can't afford to loss. Another one would be more of a psychological - an increasing price looks appealing as it gives the impression that it will continue to rise. The opposite also gives the opposite impression.

!1UP

Sort:  

But then, we've managed to see bull and bear market rise again. If people could back and support the projects they're vested in, it'll do a whole lot of good for them and for the coin too. I agree that when a coin looks like it's going up, it means profit. We have to also consider the fact that our actions are important

Posted Using LeoFinance Beta

But then, we've managed to see bull and bear market rise again.

Agree. But for some people, they would not think of that when their survival instinct kicks in makes them jump in or get out of a project without thinking. But then again, I cannot blame them as I believe it's a natural human instinct. An survival instinct that doesn't necessarily apply when investing in crypto.

If all of us can only take time to know what we are investing into then the more of us would stay and support that project even in this kind of grim situations.