When the price of Bitcoin falls by ten percent alot of persons panic and sell off their holdings, due to the fear of loss. Few days or months later the price of Bitcoin rise this time by fifteen percent again alot of person's rushes to buy with the aim of making gain. What an irony but this is the reality on ground alot of person's are only interested about making gains that is why they don't gain much when it comes to Bitcoin investment. When your approach is focused on making immediate gains you begins to get it wrong in the Bitcoin market.
People all want to gain profit, and it's nothing wrong when they want profit. It's actually very good because it is an attractive hook for getting new people joining this market with new capital inflow that are all necessary resources for market growth in trading volume, and price will be benefited. However, as always, capital has inflow and outflow, while people in the market are not the same, with different strategies and actions, they get different results. Unfortunately, most people get losses while the minority get profit, but it's a basic fact in all markets, not only in Bitcoin market.
With Bitcoin market that is famously known as volatile, dropping 10 percent is not too much and if people learn about about Bitcoin market history, they will be better prepared for such price falls.
Bitcoin's historical corrections.It's also helpful if they learn about market psychological cycle.
The psychological pitfalls of a market cycle