When bitcoin begins to pump, some new investors will wish and think that bitcoin will pump forever. That is the reason bitcoin dumps on people because they do not have an exit plan. Maybe they only had buying plan. When we plan for buying, we plan for selling because anything that goes up will surely come down.
Yeah, that's one of the laws of gravity. Bitcoin price will not always keep trending high, but some investors seem to forget themselves, or I can say they get overly excited with the bull market and don't remember that definitely the market will take a brake somewhere and the price will begin to decline again. Some new investors also have this FOMO for Bitcoin, mostly during Bull markets. They want to rush in with some funds and grab a fraction of Bitcoin, but if along the way the market crashes, they will begin to regret it and cast some blame. Just like you said, some don't have any exit plans, but the truth is that those who don't make such plans are really not well enlightened on how to handle Bitcoin investments. One must have had some price target for buy and sell for their Bitcoin, so if it's a time they have mapped to buy, they will just humbly do so without any argument about how the price can either fall more or increase more.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
