Thoughtful post. I agree that ironically it is the volatility, and fickleness of people which causes the volatility of cryptocurrency. Even people invested in Bitcoin seem easily scared and stampede for the door, hoping to not be the person left in the room holding the bag. Yet they fail to see how the stampede accelerates the price drop. If they bought because they believed in the utility, community and value of the project I think they would be less quick to sell. If they understood the life changing opportunity before them, they would be less quick to surrend it with the first dip or downturn.
If you loved Leo at a dollar, you are cray about it at 6 cents. Same for Hive. If you thought it was marvelous at 3 dollars, you should be ecstatic at 50 cents.
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In sincerely people are motivated to buy at the top than to buy the dip because there's an extrinsic motivation to actually buy into an asset that's increasing. Nevertheless, crypto isn't real estate and we cannot equate Real-time Volatility with crypto. However, if people truly understands crypto they won't use their habitual selling to keep tanking the prices during the bear
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True the top seems more atractive.
Unfortunately you are right during the bear they see very little value, so they sell low.
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