I've experienced it when ppl say bitcoin's failing. They don't understand how it works because they're disappointed when it doesn't make money like they've foresaw. If they'd invested with clear sight they'll see short selling doesn't always work it's about long time possibilities so you'll have to sell later to amass profits.
I think people are too quickly claiming things against Bitcoin. I have trader friends that lately bought Bitcoin and tried to make money over it. When I was discussing with them, they kept claiming Bitcoin is dying, Bitcoin is failing etc. I think short term traders don't understand nature of Bitcoin so when they buy and wait, they are like they MUST make money through it OR it's fail. Average trader isn't aware how long term project Bitcoin is.
If the market turned against them, they think like that, always assuming that they fully understand the situation, but once something went
wrong then, that's the beginning of regretting their investment.
Most of them who do short-term trading mostly lost their money, fear of the volatility and are unable to handle the pressure of holding while
the market is still unclear.
Better to buy when you are fully sure if what your plan is not just for the current situation but also if there're unexpected circumstances.
