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.
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.