3 ms·
Market psychology is hard to predict. Going from one coin to another in a state of crisis is like people dumping their X stocks to buy Y stocks, because X is cr
by TrackerFF 5y ago
Market psychology is hard to predict. Going from one coin to another in a state of crisis is like people dumping their X stocks to buy Y stocks, because X is crashing. Or selling their housing real-estate portfolio to buy some other class of real-estate.
Casual "investors" sell their portfolios for hard cash when markets start crashing, which in turn induces others to sell. And if you're sufficiently leveraged, you're forced to sell - no mater how much belief you have in your investments.