Bitcoin Forum

I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...

Why panic sell? If you truly believe in bitcoin then you know that bitcoin will rise above the current market price fairly fast. No reason to sell everything and take a loss. I sell a little here and there when I need to pay a bill or something, but in no way would I just cash out below 6k.

I didn't sell any BTC too.We all know what's the cause of this nosedive price crash and we all know it's temporary.
What makes you think that the crash is caused by small number of people?Any evidence?
I think the price crash was caused by a large amount of traders selling BTC really fast,and a total lack of BTC buyers.Perhaps some crypto whale sold his BTC as well.That's how every market works.
Wall Street isn't different.
Just HODL all your BTC and don't read any clickbait news and you'll be fine.

the decline was big so i assume its cause by big people too like whales . small individuals can only have a small impact on the price .

what you felt thier is also normal . experienced and veteran cryptoers do also feel anxious because the crash was pretty huge and i think it was my first time to experience a crash like this from my 2 years of stay on crypto but im aware that crypto prices on the past have a small value smaller than what we have right now , i used it as a hope to not give up .

It has always been a case to case basis, you know.

For example:
Friend A: Needs the money for the hospital bills

• Sell now because the need for the instant
• This person wants to have to sell at the best price so it's either he is thankful that he sold a few weeks ago when BTC was $8000-$9000 rather than today

Friend B: Has extra income to invest in BTC

• Just keeps on HODLing
• No emergency needed

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Anyways, what I'm trying to say is that it's always going to be in case to case. So for me, I didn't sell a BTC too because I didn't need to but if I ever have the need for money, whether it's for bills, necessities, etc, I would sell it.

I’m all but prepping for the worst, I think people are rushing to buy ramen, toilet paper, water, ammo, gun, canned foods, gold, face mask, they dump stock market for five consecutive trading days, and trigger twice circuit breakers that go through -2000 index point dumping, gold too get dump along with bitcoin, I have a mixed feeling how that work, may be some people having sweet agony to the pain to the point of bending from the left to the right.

Unfortunately when you are in a Quarantine and people are buying ridiculous amount of good example toilet paper , you gotta stock up when you can because honestly telling you in a Quarantine life is crazy , you are not really sure what you gonna be getting next.
The government is trying to help but at the end of the day , there is a limit to what they can do.
So I didn't panic sell.
I did sell them accordingly so that I can buy goods for the family , because you know man prices are double for some products.

There are a lot of people today are starting to have a panic selling and most of them are selling their cryptocurrency because they need to make some funds to buy all the things they need like foods, clothes and more that they need to survive because of the outbreak happening for over the world right now also there are some people use their money to buy a lot of things just to make sure they can survive. I did not make panic selling too because I immediately have a lot of supply of foods and other things I need in my house it is better to be always ready because we are avoiding this kind of virus spreading also to avoid this infect us it is better to always wash your hands and avoid contact for a while. Also, stop having panic selling so the other people can survive too.

Wouldn't blame them tbh. There are different mindsets and situations that revolve around each and every trader after all. Some may even just be hodling BTC with their own money and tbh, seeing it go down like this hurts you right at the core. Some may not even know what it means to actually hodl. Some may even actually feel the fear instead of the masses friggin hoardin just about everything like canned goods, sanitizers, tissue papers, etc, etc. Still, most who pulled out are probably people influenced by fear or are just people who got pushed by the wave of fear called corona, hence, the need to convert and spend even their own savings to satisfy the overreactions of their families/friends.

No, I definitely didn't sell any bitcoin since the coronavirus slaughter, but obviously a ton of people did.  I'm pretty sure it wasn't just whales, either.  They're the ones who can probably afford to take such a massive loss, but I bet a lot of smaller margin traders got wiped out and didn't have a choice but to sell.

Anyway, you're never going to make any money if you sell when everyone else is selling--that should be obvious, and I also doubt there are going to be many people coming to this thread and admitting they made such a noob mistake.  These past few days have been an awesome buying opportunity if nothing else.  Hopefully the smart money realized that and snapped up as much cheap crypto as possible.  Like I said in other threads, I'm broke and haven't been able to take advantage of this situation.  I think that's the last time I'm going to write that, as I get depressed every time I think about it.

I was asleep when all this panic selling was happening. When I checked the price, it is already at 5K. I have no time to react at all.

I have positions to buy at sub 7000, so all those positions were hit. Bad time for me to be away from my computer. I could have moved my buy positions at a lower price if I was active.

Anyway, everyone has their own reasons for their actions. I will try to take advantage of this situation, what's your move?

I am proud to say that I am a strong HODLer. Well, I also do swing trades at times but the largest portion of my Bitcoin holdings is in my hardware wallet which is not even imported to another hot wallet. I may not have much Bitcoin in my wallet but if everybody is just believing in the idea and in its future and is HODLing tightly to their Bitcoins however small they are, this kind of fall will be somehow mitigated. I think the fall was somehow aggravated by weak hands and sheeps.

I didn't sell either. It was a surprise to see such price decrease within very little time. I was surprised who are the guy selling BTC at $5000, sure they are the noob who get into the market at ATH and sell at the capitulation era. Despite this, the main reason to the price decrease was manipulation which is now more clear with the Bitmex issue.

If you don't have a problem with what's happening so far why are you in a hurry to sell Bitcoin, I'm sure all of this will pass soon, Bitcoin will have its heyday again.

At a time like this someone, can judge themselves from patience, from the beginning many have talked about that investment must have patience, Don't panic, what's happening all this time, of course, I'm sure that one day Bitcoin will bounce back.

I don't really think this drop has been caused by a small "individuals" or "whales" like you are assuming. A domino affect has just taken place. When people holding their bitcoin started to see the price of the coin fall a little bit, they started to panic thinking that the price will fall even further more like the stock market. Thus, when the price started to fall, more people started to sell causing even further drop and panic among the holders. This small amount of selling together caused a huge impact on the market.
Don't worry, this isn't going to be a permanent thing. People will start taking advantage of the drop and start investing as much as they can causing the price rise back to where it was.

Most of the people that i know or my friends who buys and invest in crypto didn't sell most of their cryptocurrencies because we all know that sooner or later the market would start to recover again back to it's price from last month. It is also normal for the market to make an ups and downs due to it's volatility, and the sudden drops of the bitcoin's price is also an opportunity to other people who also wanted to buy bitcoin.

There is a thought in back of my mind that the dump happen this week was brought by people who always say that they are hodlers. Really, I think people behind hold, hold, hold words are the ones who sold their coins and calling other people panicking, how awful is that? But ok, let's assume that we're all same here, just waiting and keeping the patience.

Even me contacted some friends if what they are planning, and most answers I got is to hold and wait for the price pump after halving. Well, most of us will surely say that but who stands firm on that? It is a given fact that there is huge chance of the price getting a new all time high when the halving occurs  but it seems like the things we got now are little bit off to have that. However we still have month or two left before the halving, so let us not be down because of this.

I do not really think that such a massive drop is the consequence of a few individuals selling their coins, the panic took over the market but most likely this has to do with the fact this is a highly leveraged market, when the drop began most likely there were many traders that were not prepared for it and probably received a margin call and their positions were closed, this in turn made the price even lower creating a chain reaction that crashed the price, this is the reason why I do not really expect a fast recovery for the price of bitcoin as many speculators were completely wiped out during that crash.

I am also not interested to sell my bitcoins at this time until if there is a real need to sell for medical expenses or something like that. But I am seeing many of them were interested to buy bitcoins now in my friends' circle but myself neither tried to sell or buy at this time. Building a strategy form myself to recover from the profit loss for the past few hours.

I am never a believer of the panic selling because I know that this is a just a temporary phenomenon and the not that world is ending. Yes the recovery could be a longer than expected or just can even bounce back as it has fallen if quickly the solutions comes in the picture and things may look good as well. Infact this is the time where we are given an buying opportunity as bitcoin is now available at a discounted rate.

I also still hold the assets intact, despite a drastic decline, but still trying to calm down, especially my goal for long-term investment, so that this incident did not have a major effect on me. I think if only a few people cause the market cap to drop dramatically, this is because there has been no mass adoption

not all but we can't stop the panic!!  my friends in the country are locked down because the corona has some selling, they say selling to keep their banknotes in order because they don't know how long their city will be locked down by the state government.  I personally can not stop them from doing Panic sell because the current conditions are different.

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*if you have more savings, now is the best moment to buy Bitcoin

Good to know, nobody from this board is panicking.
I don't think anyone has sold his BTC to buy toilet paper.
Well, there may be an opportunity is starting a business selling that stuff accepting BTC payments...

I wish we have a data on this but there was movement of incoming funds in the exchange in preparation for the dumps and experts believe that these are coming from whales who are doing panic selling because of what's happening around the world cause by the Corona Virus, it just makes us believe that whales can crash the market and the distribution are not equal.

It's hard to tell how many people has fallen under the influence of panic selling. I don't think there is any data about that but it would be very interesting to see the statistics.
Many people just don't have enough patience to wait for price to recover and can't control their emotions, very often under influence of other who started to panic or fake news. I doubt that we would ever be able to avoid that, there will always be unexperienced users who will panic.

Not right if we do panic selling because it is very clear the decline that occurred at least only due to the coronavirus outbreak factor and even the decline occurred in every other market in the world. This is a condition that requires us to be calm right because after all, efforts to restore the market at least continue to be done and other factors that make the price fall hard is possible because of the large correction that is sure to happen before halving, be patient and remain confident to wait until the market the expected bullish come true.

Unfortunately, most markets are manipulated by whales, which then triggers an bot trading avalanche. And whales almost never react emotionally or under the influence of panic selling but with a plan. Do you think the crypto market coincides with the stock market by accident? As I see it, the whales probably estimated that it was a good time to start a market drop and take their profits to re-enter at much lower prices.

Well, it is time to take advantage of those panic sellers. It for sure, a lot of crypto holders are in the situation of panic selling and we can't stop them either but just letting them think and realize about their doings or maybe they have the reason also why having that. The business must have to continue, they sell and investors will buy that makes the market seems to be alive.

This declining sentiment will only stop if all panic sellers have sols all their Bitcoin and until then, other crypto holders won't drop their bitcoin into the low price but rather to keep it high. Gonna have to wait for another week or more before the market started to recover because I believe there are still a lot of panic sellers around.

I didn't sell because:

• I slept through most of the decline and then it was already over
• I don't keep my coins on exchanges. Even if I saw the decline and wanted to sell it would take 20 min for me to move my coins. The crash was mostly over in 15
• I got my coins for much less than it's trading now so I don't feel any pressure to sell
• I'm not a person who panics. I try to look at fundamentals first. There was no news regarding Bitcoin, no hack, no ban, no flaw in the code. This means the sell off was a manipulation, a whale dump, or both. It was too fast for it to be a normal sell off. Only bots work that fast.

I didnt panic sell because its not a wise decision to do in times the market is in bearish trend. But unfortunately many investors did and it was reflecting on the market. I cant blame them for selling, they might be new in crypto and didnt know that this kind of scenario is normal and already happened before. I just want to stay positive and forget for a while the current happening in the market.

It means that your friends know how to control themselves from panic. And they understand the declining trend won't be lasting. So why we need to sell our BTC? We still have a big reason to hold BTC, it is a halving schedule. Moreover, before the current decline, we saw good news related to Bitcoin adoption and its legalization in some countries. It is enough to be some reasons to keep our BTC.  :)

Yes. I also prefer to hold than selling it at a cheap price. I've no reason to trade my BTC now. Unless it is about an urgent need, I will keep all the Bitcoins on my wallet.

Do you mean whales? Actually, we have seen many dumps in the last few months. But the same with you, I've also no data and proofs to show who they are. They are probably whales, traders, investors, or people who have the exchanges.

I don't understand why your friends needs to sell in order to buy more coins at a cheaper price, for most of us i think this is not a perfect time for us to sell our coins for the market value is on dump. Yes it is possible that the price might go lower than what we have now but it is risky to sell just to buy more coin at a cheaper price but like what you have said its their way or strategy.
I didn't touch my cryptos for now, i have bought more coins because the price is low and looking to hold more for more profit in the future. Panic selling should not be felt by us, we need to control it, emotions will rrally leads us to wrong path so keep in mind that holding is what needs to be done this time and not panic selling.

I don't think it's just small numbers, many have panic causing the price to sink below $4k levels.

But as for those people? We really don't know the rational behind cashing out their holdings. If they are true believers of bitcoin, maybe they really fear that it is the end of all crypto and wanted to have it converted to cash, ASAP. But since we have recovered, not the price that we wanted to see, but at least it didn't fall to $3k, but the panic is still in the air though.

We could also look it the other way that people might possibly selling Bitcoin because of the pandemic happening around the globe. Not all people are capable to hold Bitcoin for long especially when they are poor and rely on Bitcoin for their needs such as supplies to be ready for the virus.

I think a mostly holders know that Bitcoin would be a high value asset because of the upcoming halving event but, are more concerned for their needs in the time of crisis that it is why they need to sell some of their coins.

It will not be of help if we will contribute to the increase of panic sellers. When we say we are "holders" we tend to manage this kind of situation. We've experienced so any red markets before and we use to see the worst drop so why worry? We are long term holders  thus we can always set our next target goal for the upcoming bulls.

Others may not stick to the fact that this volatile market will still be good even at it's worst. When they are panic selling, some investors were happy to buy at this dip.

- Blaming newbie is unnecessary when this market has created too big a surprise and attacked them when they have no precaution, even for investors familiar with this scenario, they cannot maintain the necessary composure but at least with past experience, they can handle this situation more appropriately, instead of being drawn to the trend of the crowd as a newbie. Calculating so far, based on the value of bitcoin and so many other altcoins, the number of people who sell in panic is significant but perhaps from the experience ahead, the market and people are slowly regaining recovery, rather than falling too deep

I also think there's no need to start panic selling just because the corona outbreak negatively affects the market value of bitcoin cause if we are going to look back, we can easily see how bitcoin was able to surpass lots of circumstances and struggles way back. Corona will end soon and the halving would take place which will more probably give positive outcomes upon bitcoin. If things get better for bitcoin, lots of panic sellers will surely regret. That is why it is very important that we analyze the situation before making a move.

I didn't sell, but I never do in these flash crashes. For me it's simply impossible to react to them as my coins are in cold storage. Getting them out and into an exchange would take hours, and I don't even follow the price every day, so if the crash happened I'd probably find out about it 6 hours later. Then I'd have to move all my coins to an exchange which would seem sketchy and risky, so I'd have to divide them into packs of a few BTC at a time. Of course selling would mean paying tax and revealing my holdings to the government. No thank you.

If that is true then they should be the whales, because only the whales that could do it, they are few but their holdings are not. I believe it is the pandemic, since goods now are quickly sold out, they need their cash to buy food. Here in our city it already started even theres no confirmed case. The people are panicking and buying lots of food and sanitizers, almost gone. Well for us hodlers this time is a golden opportunity, buy more btc.

The latest developments have not led to any significant moves on Bitcoin prices. With stock markets opening, we will see another big drop and Bitcoin will reflect this drop at least 1:1

of course there are very many panic selling, if a trader has monitored and placed a stop lose, then automatically it will be followed by other traders, especially if the support has been passed like yesterday, and at this time the price of bitcoin will still be towards $ 3800 support again, maybe people will panic again

I think people who have been using crypto for a long time will not sell the bitcoins they currently have. some of my friends are also still holding their assets until now. our target is the same, which is to sell bitcoin at a high price after halving. I don't know what the problem is that made the price dump so deep, but I still believe that price increases will occur.

I also have not panicked and have not sold my BTCitcoin. I just remembered that last year the price of Bitcoin also fell sharply. But we did not have the current situation "The Covid19 Pandemic".
We just have to ask God to control the spread and that scientists find the vaccine in time for the future of humanity.
I feel more comfortable worrying only about the crypto market.
Finally, if I had to sell my Bitcoin to buy food and medicine, of course I would.

I think this fallen is not like new. We saw many falling picture before and now we know that world economy has drop down and crypto market also. So at present time we have to keep patience as we also know that market will recover when COVID-19 attack will finish. So don't be a panic seller at present time.

Best of luck.

I honestly didn't panic sell and on contrary I panic bought :D. I know that is not a thing and I don't know if that is the right word to use but I use "panic buying" as a thing where the price falls under so much that it is actually more valuable than the price suggests so you try to buy as much as you can while it is down. Buying bitcoin below $5k levels means that I will actually profit very well this summer, not many people realize that.

Unfortunately, many people who got panic sold their coins and they lost money, however the ones that bought around these levels will only have to wait until this summer when the corona thing goes by and halving happens and nothing to worry about anymore so the price will go up and we will be in better shape than sellers.

It's hard to determine the number of people who panic in selling their bitcoin, what we can only see is the volume and amount of bitcoin being dropped, it could be a few people or many but it does not matter anyway, you are a long term holder and you don't sold a single bitcoin and that is good to know.

Tell your friends that they should not panic, try to review the past situations where bitcoin dump heavily and how it has recovered from big dump.
That way, they'll feel calm because bitcoin recovers every time its dump hard.

That's good that you guys will not go to the flow of many people that has been starting to sell their bitcoins in a very small amount of money. Just keep on holding so that you will not be able to have an problem and you will not experience a huge loss for that so just keep on holding until the price or the value of the bitcoin becomes normal again and backs to its neutral situation in order to don't experience bad losses. I am pretty sure that it will bounce back again so let us wait.

Aside from the whales, I am sure anyone who is not infected with the disease and have experienced such a diminish in value of his/her crypto wallet won't bothers to sell. I have even stopped checking my portfolio even since I have discovered I lost almost half of my total asset due to the sudden drop in the crypto. I hodl a huge amount of EOS that has dropped from $3.8 to less than $2. I just hope soon things pick up again. The best decision to take now is to leave the wallet the way it is. No more trading for now

The market conditions are very bad and the panic is huge. All already know the cause of the crypto-asset price drop. I think you made a big decision that you don't sell the bitcoins you have. Now Bitcoin slowly charges back up. And to restore the pump higher again, of course, requires a lengthy process. But I salute you to dare to hold back Bitcoin and not follow the flow of panic.

Maybe your friends believe that bitcoin can increase high so they still hold bitcoin even the price is down like today. But I think many people are panic selling their bitcoin since a few days ago because they don't prepare to see the down of the bitcoin price. We don't know how many people are selling their bitcoin instantly because we don't have valid data of panic people. Or maybe they have another strategy to sell their bitcoin so they can buy back bitcoin at a low price. 

Panic selling isn't the best solution for a time like this because its quite normal for bitcoin and other cryptocurrencies to have ups and downs due to its volatility of the market, that is why the best solution for this bear market is have patience again till bitcoin and cryptocurrency increase their prices again.

Most likely, the "individuals" you named did not just sell. Probably they wanted to create a specific situation in which you can provoke a total mass of people to sell their BTC.
This practice is repeated over and over again, with a frequency of 3-4 months. I am sure before the blinding movement on the Bitmex exchange they eliminate the buzzes of more than 800kk.

Bitmex is partially to blame, or the hackers who attacked this exchange:

https://cointelegraph.com/news/bitmex-explains-why-bitcoin-nearly-hit-0-last-week-pays-out-200k

In my opinion the price of bitcoin dropped dramatically not only because some investors became panic selling. However, the spread of corona virus
which spread rapidly throughout the world, even some countries did lock down action to make some people end up selling all investments with
high risk, one of them is bitcoin. So don't be surprised if the price of bitcoin goes down, if the corona virus problem is not quickly taken care of.
I am afraid that the bitcoin halving event that will soon occur, could fail to make the price of cryptocurrency rise to the peak price.

Some of the most experienced members of this forum are not going to be scared by the drop that we saw since they have seen bitcoin behaving in that way many times before but for the people that have been around for only one year you can be sure they got scared and many of them sold their coins thinking bitcoin will never recover and most likely they will not be invested in bitcoin when the next bull market comes, and then they will come to the forum to complain about it when the only ones responsible for that mistake are themselves.

After all what's happening to the world- falling stock market and economy because of tha virus outbreak, it is understandable why some people sell their bitcoin, some may not want it but they are forced to do so. It is because they need to buy necessities that are needed for this happening. It may be the reason why bitcoin price crashes as well as the market, but we can't blame them. Just hoping that the market will soon recover as soon as this virus outbreak stop.

if the goal causes panic, I think the person has succeeded. however, current conditions are well suited to fall prices. realize that it's not just crypto investments that are dumped, I think many people are aware of this and sell their assets. Well, until now I have not sold the assets, because I believe that recovery will soon happen.

That is how a typical beginners react if the bitcoin dumping happens, but why would panic buying? if you really know the nature of the bitcoin or if you really believe on bitcoin, you would not do that thing because if you know about bitcoin then if dumping happens you will not do that thing, you will hold or invest it and just wait for the bitcoin to bump again, some other people do buying of bitcoin which is really good thing to do, because if the bitcoin turns back to its price for about 10,000& and above you would earn so much money from that.

Indeed, we should not be panic if the bitcoin goes down because that is really normal thing for the bitcoin to be dumped, if we understand the nature of the bitcoin we will not react something like that, you will not be panic selling. Just hold it because you will be wasting your money if you sell it when bitcoin is still low.

Market means upside down But no one would have thought that such a price would be so low Many people are spending the day in panic and frustration But I think it will be difficult to wait for the market to return to its previous position. Many are selling their BTC but I have not yet sold my BTC unless I need it very much because its price will increase. Try to hold everyone.

I also did not sell my assets in bitcoin. I will say more, I bought another 4k $. I just believe that within a few months the situation with COVID-19 will improve and humanity will find a vaccine, which will also lead to an increase in bitcoin

I think the crash was made from a huge number of holders who are cashing out due to the corona virus.
We couldn't really blame them because not everyone have enough money to survive or not everyone could hold their investment.

it could be link to that because its true that many establishments are closed so no work for the people that supposed to be working on it before and the sad part is that some of thier agency wont give extra money for thier employees becauase of the no work no pay policy but some do have although the money is only limited  . people still look for ways to keep going up until they can comeback again working   .  i dont know the actual number of people that panic sell but i say they are plenty of them   , maybe 70 over 100 percent  ( 70/100 )

With the increase in the price today, I tried to sell some portion of bitcoin that I already bought in a few days ago. That makes me make a profit from the bitcoin, and I think this weekend the bitcoin price will have a chance to break $6,000. We already break $5,500, and now we are at above $5,600 and the price still trying to break another higher price. If everything still likes this, we will see $5,700 soon, and the chance for us to make a bigger profit will come.

Maybe your not enough your assets to be panic, how long you are in trading and bitcoin investing when price crash more than 40% just few hours many people will faced panic moment and almost all them sell their assets with lower price, without bad news like exchange hacked or other bitcoin could going down drop.

I think you are wrong, every drop has a bottom somewhere, if you sell on bottom you are doing a completely wrong thing, at that time you should buy. It's not about the bankroll here, it's about losing money, and if you are trading in wrong way you will face with similar situation many times, and probably in most of them you will lose money, instead to make good position for yourself.
Many people from crypto community still hold and if someone has some money that person is buying more. People from crypto already survived a couple 80-90% drops before, now it's just 40%. This huge drop is a problem for people without previous experience.

I know i'm right when i prefer not to sell my coins even if others are doing panic selling and still end up losing. But everyone here has our own reasons too for selling or holding. It's always a case to case basis. And looking at the current price, bitcoin is slowly recovering and hopefully within the next few days, it will continue to surge reaching another good price again.

I think even those who have many assets also survive in this state. Well, it's natural to panic to see prices go down quickly, but even though we have a lot of assets, we need to see the potential going forward. so, I'm sure there are people who still hold their assets. other than that, as a trader, I think many people who use this moment also to buy. Well, some of my friends bought bitcoin assets when it touched the price of $ 4k, and now, many are doing screenshots about their profits.

Dont hesitate to sell some bitcoins for expenses. You should not compromise on investments vs necessities. The health always comes first because only if you are alive and healthy can you invest properly.

If you have spare cash at hand and not drawing any money from any emergency fund then it can be a good time to buy coins at this time. People have sold to cover expenses so you have to be careful how much you spend but dont compromise like I said.

After every natural disaster make sure to keep 2-5% of daily earnings into an emergency funds or more if you are able to. These things are necessary to survive properly.

I think only weak hands have done it there is no need to panic sell at all.
We know that the crypto market always have it's ups and downs and it always go back up so why do we need to panic?
If we don't really need the cash right now then it is better to hold it on crypto instead of selling it at a low price.

We've seen a drop much worse than this.

We did not continuously fall but it went back just after months. Another thing that we should consider is that the profit Bitcoin gave, in the long run, is something that we should always remember, that is why people call Bitcoin a store of value though it wasn't. Bitcoin's price will always recover, just look at the price right now, it is starting to do so.

Even though someone claimed themselves to be a holder, but it's a common sense to actually sell their coins because of the panic selling. We don't know what are they thinking on that day, maybe they are afraid?, maybe they need quick money? We don't know. So please, don't make it equal for everyone lol

I think there are many people have sold what they have right now because media stoked the fire that this pandemic will surely destroy economy, and people are taking the bait and they are selling it this might not be a good thing but I hope to all those people who are thinking of selling their bitcoin, don't sell them. Trust in bitcoin, trust the people who are trying to cure the pandemic, trust that the economy will rise.

I sell BTC according to what I currently need.
Selling everything in a panic will add to the loss, only people who have strong faith can calmly go through all this, even though I know it will be easier said than implemented.

I also did not sell anything and I don't understand what is the reason to sell when you obviously loosing so much

Looking at the market we can say that many many many people have been panic selling. Not a good idea during this times but we can't really blame them when we look at bitcoin prices. It was around 7.5k level just 10 days ago and today it is 6k and it went down as much as 2.5k as well.

So, it is both understandable and wrong what they are doing, it is understandable because the price went down so much that we kinda do understand why people could be fearing something even worse, people were assuming price would be under 4k and it did and broke a lot of sell orders as well while going down, so it is actually understandable. Because, bitcoin in theory didn't had anything wrong, it is still as solid and literally the same thing as when it was 10k, so no real reason to sell unlike stocks that went down because companies could be losing money because of corona.

Yes, you are right. Everyone has their own reason for selling or holding, and they will have their own analysis of why they do that. I am glad to see bitcoin back to rise again, and now the price increases to $6,100, and I hope that the price will reach the higher price. Maybe the price can increase higher in the next week so that will be a good time for us to sell some amount of bitcoin.

At first i used to be shocked to ascertain that the worth of BTC had dropped such a lot I couldn't imagine the market situation would be so bad i assumed at one point i might sell everything but later I controlled my emotions and kept all the things till now. Now it's good to ascertain the worth of BTC rising from the previous one.

I think that almost everyone is panic selling in this year. Even professional investors. Drops are so big

It is true that the drop is so big, but I don't see these professional investors panic selling.

They are called professional investors for a reason, and if they are really professional, they don't need to panic since they can analyze what they need to do and cope up with the changes that happened. It doesn't mean that the dump is so big means that the professional investors panicked, it is quite affected by the pandemic but I don't think that is the main reason.

Without a doubt that played a factor but I also believe this was caused mostly because many investors were using too much leverage and when the price went down their positions got liquidated making the price to crash at an even faster speed, if I am correct then the market will take a lot of time to recover since many of the people that were interested in this market and were speculating with it have lost too much money and there is simply not enough demand to make the price to go up.

Agree, big decrease is not always related about panic selling because behind everything that happens there will be at least some of them who sell in large quantities because of a need or other needs because large investors at least always have a mature calculation before making a buying and selling decision. This is an incident that happened at the same time because the problem faced is the same problem, so the recovery will definitely happen sooner or later we just need to be patient.

Dont panic just believe in bitcoin, because someday maybe it will pump surprisingly, and maybe you will regret it if you sell the bitcoin that you're holding now, just believe in yourself too so that you won't regret anything, if you can wait you will see the reward in the end

Theres no such thing about accurate data but for sure lots of small traders did panic sell when the market is declining and adding on the pressure of the current corona virus issue.

Good thing for those who able to hold and its much better if you do able to buy when the price hit down on 4k level where it do adds up your stash and definitely seeing your port now
is on gains.
In my case i wont deny that i do partly sell off a small part just for the purpose on using it on current lockdown due to pandemic issue.

Do not be worried about the panic sellers, we are not as bad as people make it out to be, everyone acts as if bitcoin is dead and we are screwed and all that but in reality bitcoin is doing alright. Look at the world and look at how everything is going down and how everyone is afraid and scared but look at bitcoin.

Bitcoin was around 7.5k when this all started and right now we are closer to 5.5k again, sure we saw under 4k and that was bad but we went up right back up, being a lot less liquid than stock markets and gold, it allows us to go up a lot faster but also go down a lot faster as well, that went down was due to all-in selling from some people but we managed to reverse it.

There is nothing stopping us from going back above 8k again as well, we may do it with few tens of millions of dollars going all in. I know "few tens of millions of dollars" sounds a lot to you and me but for rich people that is easy.

During the outbreak of the pandemic coronavirus, the market price of the bitcoin drops too and they use their coins to convert into fiat currency and use this to buy a lot of things they need during the lockdown the quarantine happens on their country and this is a widespread impact to the market of the bitcoin still it is good news that you do not sell your bitcoin because the halving is coming you can now make more profit when the market price brings back to normal and you can now gain a lot of profit again.

Panic selling is the last thing I’m ever going to try. No matter the situation that the market has been into I never thought about selling my coins I’m still going to keep holding because I know that he who laughs last will surely laugh the most.

A lot of people have said lots of sh*** about Bitcoin and even called it a scam and Ponzi, that’s their Business, they can keep on selling. Those are the ones that don’t believe in this, a little shake in the price and they are all running from it. They will still be the ones that will come back and cry on how they regret selling their coins lol.

I do believe that there is going to be an increase later on. The price of Bitcoin has been able to be recovering bit by bit after this serious fall, the price managed to go from $3900 and back to $6000. I haven’t sold my coins yet, but I don’t know how it’s going to be later and whether I’m going to be selling, it all depends on the next situation, it’s not a matter of panic but if I’m in a situation where I will be needing that money I might be tempted to just sell it.

I pray I won’t be having any so much pressing needs that will cause me to give up. I really want to keep holding my coins till things gets better and then I will sell them and make profit.

Last week the crypto price declined sharply (especially Bitcoin). It is very natural that everyone (especially Bitcoin investors) has a panic and then sells losses. In China, many investors channeled funds into fiat money to buy basic necessities.

But, if the decline in Bitcoin is caused by individuals who sell Bitcoin in large quantities (this could possibly happen). The purpose of this happens because they also want to make a profit again.

I personally still retain some coins like Bitcoin, Abyss, and Waves. This week my capital is experiencing growth due to rising Bitcoin prices.

So i think the answer is clear mate and that is "The Whales" who is responsible for the dump ,but also some other small holders withdraw when the dumps starts badly.
like my friends none of us sold any small amount meaning many like us(small investors) who keeps their Bitcoin on hold but still the fall continues,though we are lucky now that we are seeing greens in market prices.

The price isn't merely attributed to a few individuals but more so that entire economies have been collapsing with the US, the largest economy in the world, facing the worst economic downturn since the Great Depression. It doesn't take long to figure that coronavirus has tanked almost all assets including Bitcoin. The U.S. stock market rebounded upwards of 10 percent today with talks of the economic stimulus package along with a generalized timeline of when Americans can go back to work. In turn, you saw some increase in BTC's price. It isn't unreasonable to make the presumption that they're connected.

When the slump happened so badly many penikan happened there they sell to reduce losses for fear of bitcoin can not return to the original price I think that person is not mentally strong so that they prefer to sell cheap compared to holding in a specified time. I think it will be better held.

At the time of this pandemic the corona virus continues to spread and cause the entire economy to plummet in its collapse, people with mental disabilities will think of their instability so that they will not be strong in holding bitcoin for a long time.

to be honest I was also a little panicked when I saw the price of bitcoin decrease from $ 8k to $ 5k. but, I don't sell it. however, I think yesterday it could have been manipulation or something else, but it seems that it was indeed due to the coronavirus. so far, I think that when this virus has passed, prices can return to normal.

The fall this time was very strong, but those who have long been familiar with bitcoin, understand that it is all within its historical trade. I think that even if you sold your bitcoins in a panic, there will still be good entry points. But even today's price is just as attractive for investors.

Those who panicked when the price of Bitcoin fell down by almost 50% days ago are those newbie investor who don't know how Bitcoin's price is moving. They are the ones who are heavily relying on the news media which is a no no for me. I don't like news media since they only telling the negative side of everything from stocks to crypto blah blah they are bull shit.

I didn't panicked here even a bit. I don't need to convert at that time too and I believe that "Whatever goes down, goes up in a few days" :). If you panicked and sold it at the lowest price then congrats because you are at a loss. It would be better if you sold at the 6k mark and then bought at the 4k price you could get a profit there since we saw Bitcoin rising bit by bit already :).

I did not panic when the price goes down but I managed to sold my bitcoin because it is part of my plan in order to protect my fund. For those people who panicked are weak in terms of mentally, panicking have a bad psychological effect that can affect our further decisions. I managed to buy again when the price goes up and know I have unrealized gains.

I've been shake out when the price drops massively and for sure many traders also felt that, I slight panicked but I manage to control my emotions back there. Lack of emotional control can result to me to have negative portfolio that is why I do my best to control it. There is panic that I felt but I really handle to throw it away in order for me to stay positive and avoid making regretful decisions.

It's the whales with stock portfolios, they have been raising liquidity by selling cryptos. That's where the big drop came from.

Good for your set of friends to be holding even the hardest time comes when more than 50% of bitcoin price drops in just a day,because mine are not in my group almost everyone sells out and ready the money for this pandemic effect (but not me because i can manage expenses without withdrawing my holdings)
Not totally small number but whales i guess,because the dump is too fast for small investors make effect.

Virus may be an influence but it should not be so significant, I doubt that whales have used this plague to manipulate market prices, make people dump their bitcoin before the critical moment as halving events, you can see the success of the whale in this story, the price has dropped very sharply and panicked almost the whole market. But the return in a short time is also very quick, even if the virus is still unresolved, the price is still rising very fast, next, many panicked people will regret their actions when bitcoin gets better

There are plenty of people here sold their bitcoins weeks ago,i had some friends here in forum that sold out all the assets they hold from altcoins to bitcoin because of being afraid as they had first experience these kind of dumping.

Imagine falling up to 4$k level from 5 digits value?this is sudden mate so we can’t blame them from panicking .

I panic bought as much as I could when it dropped to 4k, but what do I know.

I admire your mental fortitude but at the same time many people have said something similar and then they fell victims of their own pessimistic thoughts and then they sold their coins at the worst possible time imaginable, I hope that you have very clear reasons to keep holding your bitcoin because holding may seem easy but take this from someone that endured the crash at the end of 2017 and the bear market that followed that lasted for more than a year, holding your coins under those circumstances is not easy.

I assumed that this period of time there are a pot of people again panic sell because os the corona virus. The Bitcoin price drops and so as the the other altcoins. I dont know why does people always sells when sudden phenomenon is occuring. But for other people this is a great opportunity to invest because not just bitcoins and cryptocurrency is decreasing but the stock market too. So for me just for me this is a great time to buy stocks buy cryptocurrency and just wait for a long run. I do not panic when you have a lot of patience and you are not depending into all this as your main source

For simple reason's they are all want to secured thier asset by having it  in fiat when they know that  there will be a negative effect on the market.
Its a wise decision to other 's and wait only when the price decline so they can make a buy back and use the money they sell in high price. Its normal thing in trader's they are not holders so every negative news they make a move earlier to other's and use that opportunity to earn.

Well, I think they can manipulate the movement of price of Bitcoin and other crypto currencies but I don't think they are the reason for the sudden price dump this week. It is already said that the scammers of Plustoken are now moving the bitcoins they've scammed and put it to mixers causing the big dump that happened.

Looking at the price right now, we can say that price has been volatile but the panic selling wasn't really "panic selling" as we usually know about. Normally, when we talk about panic selling we talk about the people who sell because price went down, we see a lot of sell orders broken and a lot of people selling in panic and that is normal in bitcoin, that happens constantly.

However this one is different, this one is more like a whole financial system going down type of deal, this one is not regarded to bitcoin only, this happened all around the world in every place, so we can't really say that bitcoin was panic sold, everything was sold which affected bitcoin obviously. Price is back up anyway so there is no need to worry, just keep calm and move on.

It is fine not to sell anything if you believe strongly in the long-term future of crypto. Trading can of course be immensely profitable, but it can be very stressful as well, and does provoke a tendency to be constantly checking for price movements. I know some people say those who just hold long-term are missing out on big profits, but they are also missing out on stress and the possibility of big losses by selling at the wrong time.

Personally I think long-term holding of solid coins - particularly bitcoin - is a perfectly good strategy.

I tried to cover both approaches, I sold some and held some. The stuff I held I bought back lower and increased my holdings. But not as much as I would have if I'd sold everything. The trade-off was reduced stress and reduced risk, and I'm happy with that.

of course if viewed from the price decline at the beginning of March, there must be many traders who sell bitcoin, maybe because of daily needs due to a virus disaster, then people withdraw bitcoin to be used as money, I also withdrew my bitcoin, and of course because of the needs that I have to fulfill, even though prices are down, actually we don't need to panic, because prices will go back up, and you have to be patient

Either me, I will not panic sell my bitcoin. I still beleive in bitcoin. Lot of people says "it is the end of crypto" when it dumped but look it is still here. In fact, if I have a lot of money, I will buy some more because it is low. It is a good opportunity. When the time that bitcoin price increases, maybe that is the time that I will panic sell due to I am afraid that I might missed the increases and it goes down again

We don't know exactly how many people are panic selling right now but if the people sell theie bitcoin right now maybe the reason is because of the outbreak of the coronavirus that we experienced . I don't know if they have any chance that we can collect the data of how many traders are panic selling but the cleae now market is dumping and we need to pump it again.

We might not know how many but we know people are panicking due to the pandemic that until now are still continuing its spread.
In the crypto market, we might not feel it hard as recently bitcoin has slowly recovered, but in our respective countries, we are seeing the increase of number on infected people and the collapse of our economy due to this.

For me, crypto should be considered as a good alternative for investment at this time, though the adoption is still low but I believe the potential is high, so we can use bitcoin as a good store of value for our money.

I still think that what we saw fits the definition of panic selling, the price drop was really fast and anyone watching the market at the time had to take a decision, to keep holding their coins or to sell, most of those that were trading at the time decided to sell looking to lock in their profits and when the supply increased in such a fast way there were not enough buyers to absorb all of those coins making the price of bitcoin to drop like a rock, it is true this happened all over the world and over all different types of markets but that does not seem like a valid excuse to me.

In my opinion why do we have to panic selling, if we are sure about bitcoin, there is no need to worry about current market conditions.
We panic, it's okay to see the price of bitcoin go down, but it's better that panic we experience can be controlled. So it won't do panic
selling, because with many people panic selling will worsen the situation of the market. My advice if you really know the investment risk
in bitcoin it must be prepared to face the risk of volatile bitcoin prices which means prices will rise or fall dramatically. So it should be
if you already know this it will not panic to see bitcoin that goes down quite deep.

Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.

I do not think that in a situation with a significant last drop in the price of bitcoin to five thousand dollars, panic played a significant role. I already think that holders of bitcoins and generally cryptocurrencies are used to significant price drops. Bitcoin, like the whole decentralized cryptocurrency, has a very high price volatility and, in my opinion, it is unlikely today we can be scared by the big price drop in bitcoin.
As we are becoming more and more convinced, in this case the elementary absence of free money in people played a significant role in preparing for quarantine from coronavirus. Earlier, when we discussed how Bitcoin will behave in various social disasters, we did not take this factor into account.

I didn’t know how many people are selling it. As far as I know, Yes, many people now are selling their bitcoins at a cheap price, because when the pandemic coronavirus started and many countries have been affected on it. The bitcoin price also affected on it, that’s why the it drops at almost 5,000$. That’s why many people are selling it, as we noticed it is a wrong strategy because they not reflect on the situation that we experiencing it that all things are just happened.

That is what a major cryptocurrency experienced person would do in crisis like this where market seems to go down.

We should be used to the market and its condition, it is quite normal for volatility to occur sometimes, or most of the times. So far so good, my decision about hodling bitcoin and even buying more of it is the best decision I consider made in the beginning of this year. Unless, if I badly need fund to support myself and my family, that would probably the reason I will sell.

If you don't need funds to support your self and your family you are better positioned against others. If you are able to ''forget'' the invested capital for some time you are already a winner. History shows that even you you buy at the top of every cycle, you will be a winner sooner or later.
Imagine someone who bought American stocks in 1929. If he was able to keep them until 1951 he would be a winner. If we put dividends in the equitation he would be a winner much earlier.
Of course, if someone buys near the bottoms, he will enjoy profits much earlier.

All of my friends did not sell theirs, I too but i sold a little portion because of the corona virus outbreak, I cannot sustain food water and electricity with this lockdowns.

But im accumulating some when i have extra fiat, I did not panic selling im used to this ups and downs and i regret nothing selling low, I will buy back that later when this scenario recovers.

Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000. Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September. I believe this could get the space back by the end of the year towards $15000 consolation.

That's really a wishful thinking since we are still seeing people inside the market who are still trying to workout inside this industry, to those who are able to hold and try to keep their assets inside their wallets, hoping that after this pandemic virus everything will be back to normal and the price will push back to a good price.
If money is not an issue then don't bother yourself to sell off keep your faith alive that after this bitcoin and other alternative projects will rise back to the moon.

There is no proof to such claims. What wallet is moving coins and whether they are being sold for fiat or moved to other currencies is never in the knowledge of financial advisors. They just predict based on what they already know and imagine to be true. Maybe it is true, maybe it is not. But it that important for traders? Yes if you are bullish you will buy coins when it dumps.

More propaganda there. Pandemic will be over, correct but FMCG sectors will be growing but not one specific company.

Not a very evidence backed information though. Price could go up well and good but reaching 10k and crossing that is a bit long shot right now.

it's natural, if we see a decline from the price of $ 9000 to the price of $ 5000, it will really make people panic, and I think many people have regretted selling their assets in a panic.
at this time, we need to calm our minds, because anything is possible. I'm thinking of holding back until the end of this year. I feel that the price increase will really occur after halving, moreover, if the pandemic has finished, it will be a big boost for cryptocurrency.

We have people like that in every market causing the market to crash because they did not invest what they can afford to lose, and they still do not believe in the capability of the crypto market to bounce back glad we still investors who strongly believe in the market, but there are too many panic sellers in our market, so Bitcoin almost crash to $4000 level or below.

I must admit that at first when i saw the price is dropping drastically?i tend to sell out but it is too late because the market drops 30% as i checked the prices so instead of selling i decide to Keep holding more.
and now?i am contented about what recovers market did.
it is better to keep the holding if you don't really need the money because whats the reason of selling?when you will again buy sooner.

Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.

Its not just panic sell , its also a normal sell where a lot of people decided that is better for them to have cash near them instead of Bitcoin which is pretty volatile right now so anything can happen. For example take a look at stocks and how much are they dropping every day but cryptos are holding good for now but for how long ? Personally I don't want another crash of Bitcoin price.

I had to sell my holdings as I like other people I also am a daily wage earner and without it I can't do anything. And as our country is in lockdown I can't find a job and thus I had to sell some of my holdings but not because of panic selling but because of the need of funds for survival.
After watching the price of bitcoin go down i told many of my friends that if they want to make a quick buck even if they won't believe in bitcoin they should invest some of their money in it and it worked for a couple of my friends, straight after buying bitcoins in a week their market value also increased.

I'm like you ,holding my crypto despite of huge drop because i believe it will rise again ,just need patience.There's no need to panic selling because the value of bitcoin is not stable,today down,tomorrow up. Well,we can't blame those who are afraid to lose and not a long term holder.

I also got panicked when I saw the price of bitcoin falling in late February but I did not sold any because It is already down when I look at it lol. The reason why we saw a decline in price might be because of the getting severe pandemic virus, covid-19, I don't see any reason why would the people go panic sell anything else but simply because of the virus. In all of that, I'm pretty glad that we have the resistance at the low level preventing the price to stop at the level on which we can prepare for the upcoming halving in a few weeks.

a trader will certainly sell his Bitcoin if it reaches the desired price, then buy back when the price of Bitcoin drops at its desired price, so selling is not always bad (depending on personal needs)..

You are right.. a trader (who sells Bitcoin) is not bad, a bad one is someone who sells his Bitcoin because of panic and never buys or invests Bitcoin again..

Yes, because it is also part of the characteristics of bitcoin itself or the crypto market as a whole, in this market prices can go down hard quickly and also recover significantly without being predicted with precise accuracy. So when they sell because of panic, it is clear that they will lose money, but it does not rule out the possibility that they sell immediately just to cut losses to end up buying more when getting lower prices, in a crisis situation like this, every individual needs at least funds, so we don't can say if the decline is due to panic selling, because at least there are other needs that make them sell it.

I think that a lot of people are prone to panic attacks, but at the same time I do not think that this is the main reason for the fall in prices in a given period.
Rather, large players seeing that they can provoke a panic sale act in such a way that they would sell first, and then buy off the last.

if only a few people panic and sell Bitcoin, I don't think it will affect the value of Bitcoin on the market, but if you see the value of Bitcoin on the market going down, there are certainly many people who panic selling bitcoin on the market,

hey I think they sell bitcoin because of urgent economic needs because of the Covid-19 outbreak, does anyone agree with me

My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.

to be honest, panic is a natural thing. when seeing the price of thousands of dollars decrease in less than 24 hours, it certainly makes many people think of selling their assets. so far, I still survive with this situation, it can even be said that the situation is getting better. to be honest, I still strongly believe that bitcoin price recovery can happen, so I'm not so freaked out about the price drop

Whales are the one who will benefit this crash in bitcoin's price, probably, they will buy more bitcoin as people try to panic selling because of the virus. No one is expecting that this virus will have such a great impact in the economy and people. It really killed a lot of people which is considered as a bad start for this 2020, but some people in the market are treating this virus as a blessing which must not be tolerated.

There are people dying and still people are not that worried and treating the virus as a pandemic. People should also consider the state of other people, not only their own condition because many people are suffering due to this virus and must be taken seriously.


Bitcoin's price is really volatile and you should know that if you're a crypto holder, you should not worry about that so much because that is just temporary. There's a chance that bitcoin will again have a higher price because of the market's demand. Don't be so anxious because it will just give you stress and mental problems that will affect your health. Always be confident about your crypto and look for a possible strategy and decision to help you grow more in crypto even if we are experiencing the disaster brought virus.  

It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.

Yes, lock down or people in a quarantine have really affected the lifestyle of a lot of people especially in their financial income, as well as many investors or possible holders of Bitcoin, that needs to sell their stocks to sustain their living during this crisis. If this pandemic persists longer than what we expect, the price of Bitcoin might go again into a bearish situation as there are more and more people that are losing supplies of foods and necessities.

We should be very careful and ready for any outcome we might encounter in the coming months, either we still hold for the upcoming halving or save up and cash in fiats before the standing of Bitcoin dumps more than what we have today.

an increase does indeed occur when falling in, but if you return to the normal price when you buy the ratio 50:50, maybe you can see it, or maybe you can't see it, and depending on whether when you buy the indicator does not support then you have to HOLD long

I must agree, panic and fear is natural behavior of a human but being an entity in here, as one that affects the price must also know that panic and fear should be align in what the mind thinks what it could be about. Bitcoin may be strong now with so much price resistance we got from a great support of whales and decentralized network but we don't know until when it would look that way. We are seeing the world collapsing now, and even I am afraid what could happen next not just talking about the market and all that revolves in there.

I will keep a inverted DCA strategy until the price recovers 0.618 of the fibo retracement, which is around $12k. After that I'm not selling anymore.

The game changer is people accepting the coronavirus as "the hoax of the century", going back to work in defiance to the law, and accepting crypto for payments. This can bring bitcoin to one million dollars at the end of this year. This movement would require the participation of rich entrepreneurs, which would bring new money to crypto.

The other scenario, where people just accept everything the government says, and fears the virus, can bring bitcoin down to less than a dollar in 2028. In this case, bitcoin is replaced by a global centralized cryptocurrency. Some people are aware of this scenario, and are stacking money into ethereum, as the second place in the list would not be affected at all.

Of course, these are very extreme prices, but they are meant to illustrate a rupture which might happen in the future.

That is not also how it is suppose to be because business people too don't sell product when price is dropping, they sell at a high from what they bought to avoid loss. This is how it is too for bitcoin selling. Hodling is better this time.

On the news of the spread of the coronavirus, many people could panic and sell their cryptocurrencies in order to use this money to buy necessary items for the period of the pandemic. Therefore, there is every reason to assume that the fall in prices is associated with sales amid a pandemic.

Agreed! A lot of people were panic selling that's exactly the reason why we saw the emotional dumps during the previews days. and sadly these emotional selling will follow a big lose in the short words during this period of the time many panic seller lost their money or had a real high amount of loses. While if you control your emotions you could easily but at low price and get a real profit. It's all about the controlling the emotions.

In my own personal opinion, most people who are panic selling are new in crypto that they assume it will continue to go down, but it is normal for the crypto market to decrease due to it's volatility, so we should calm down and have patience to maintain our investments. A lot of people are also selling their cryptocurrency because they are starting to convert it into fiat in a time like these that we all need to provide all of our necessities, while there are community quarantine lockdowns.

Mostly of the people that I'm already know or my friends and relative who buys and trade in crypto didn't sell most of their cryptocurrencies because we all know that sooner or later the market would start to recover again back to its price from last month. It is also normal for the market to make an ups and downs due to its volatility, and the sudden drops of the bitcoin's price is also an opportunity to other people who also wanted to buy bitcoin (https://www.digichip.in/)

The price of Bitcoin seems to start going upwards again slowly but steadily.
This event possibly happen due to the halving event that gets closer.
In my opinion, there is not any reason to panic sell - Covid-15 is not a thread to the market but an opportunity to grow more.

You can't term all the sale orders as panic selling. Some people are selling their coins, because according to them the long term potential doesn't look that great. Some others are selling, because they believe that an economic meltdown may happen anytime now and it will be better if some of the volatile assets such as cryptocurrencies can be converted to stable assets such as gold.

Lol imagine those that sold when the price was down then? They will be regretting that they took that decision. Some people are always too fast, they don’t have any patience. Anyone who is investing their money in cryptocurrency really has to learn how to have patience. If you’re always in a rush you will keep on missing out on a lot of things.

So, it is very important to have patience and not to be in a hurry whether you’re buying or selling. Before you take any action in the market you should first of all sit down and take the time to do proper research and know where the market is really heading to before you start investing or selling.

Currently, BTC is rising to $ 7,700. And this is a sign for the new uptrend period of BTC. I think the main reason is that the Fed printed large sums of money to save the US economy. Therefore, the dollar has a lot in the market. This explains why the economies of the countries in the world are declining due to the COVID-19 epidemic, the value of BTC or gold has increased significantly.

When things seems to be going out of control, people tend to be flustered and panic. The previous and on going drop caused a commotion in the bitcoin industry causing more and more people to sell. Many have seen and experienced the almost same kind of situation so they are not worried. If one knowd that Bitcoin is volatile and does not settle to a state permanently, then one should not overly worried. You can hold as long as you want and wait for the right opportunity like I do. You can also sell but definitely not on an amount that will cause you a huge blow and loss. Patience and game plan is the key.

The rush in panic selling is not much high this time as people are withdrawing their funds only upto a limit to pay for their bills due to shortage of cash in worst scenario that everyone is facing.The prices have not gone much lower and btc cannot crash below $5k as wise people who know the power of btc that it will rise again with great surge after all this is over due to increase in number of digital transactions and masses shifting towards the use of crypto payments.It will help to boost the economies and will be globally accepted with technical improvements so don't sell your whole investments but only a part of it if you need it. The time for rise will surely come.

I did some panik sale for several times and it was really bad, i believe if i would had holded the tokens probably it would be a smarter decision.

I have seen what happened when the pandemic turns on and brings panic to every people and also turns out to have a negative effect to every sectors in the world which also includes the crypto market. With the matter that we have observed, I do not have any hesitation or thinking to do panic selling for the mere fact that why would I get into panic if I trust on the capacity and capability of my assets to bounce back after quite some time. Doing impulsive decisions might just bring regretful results in the future so better think before doing such because once that it cannot be reversible already. Just have a strong belief and hold into your cryptocurrencies for this situation is just temporary.

Oh well, you should have at least learn from your mistakes and not to panic sell. If you are a long term investors, you shouldn't be affected, in my opinion. And those who panic sells have short term goals that's why they got nervous if they see the value of their money going down. Just remember this, every downturn in bitcoin and crypto in general is followed by a bounce back. We have seen it already, from as low as $3800 during the pandemic panic to the current price. So in just 5-6 weeks, we have bounce back already and doubled the last price we have, so think about that. So there's a lot of missed opportunity already if you sold during the flash crash.

Guys do you post from this planet? Where do you get your statistics from? Just double checked again and as it seems in this month the lowest price was 6628 USD and high - 7690. And on regular basis, price was changing between 6700-7300 USD. So in any way this isn't anything uncommon for bitcoin and if we consider the current price, then we can 100% say that bitcoin seems to be a resistant against corona virus and hope it will continue this way in near future too.

besides, there may be other reasons why they can panic selling the coins they have held so far, that is because most of them need money in the current economic situation, because as we know the world economy has largely been weakened and some of them certainly many need money to meet their daily needs

Indeed. I understand the some people who panic sell at this moment because we are all in the same situation. However, I really resist the temptation of selling as much as possible because I know to myself that I might regret if there's a sudden skyrocket happen especially that we are heading in this year's halving. Actually, I am now a little nervous, excited and a little bit skeptical ;D. But whatever happens, I remain hodling and sell based om my nexact necessities only.

I become the part or people become panic selling when seeing bitcoin have the top price but always look stay cool when bitcoin going down, I don't now why not brave for cut lost when seeing my coin assets back lower price and never have chance how to stop much lost. Never have ideas at the next moment when bitcoin and altcoin will going down.

If you are a long term holder then there is no room to panic as it is only part of the market that it will go down because after that decrease the market will surely to recover again therefore a long term holder still in a good position to profit. We are talking about the #1 rank here which is bitcoin so you should put more trust to it if you plan to hold for a long term one and panic selling will only cause you some problems like losing some of your invesment money.

But in my case, I was forced to sell some of my assets just to survive from the current lock down that our government has imposed in order to control the spread of the virus.

People must take this opportunity to buy more btc and other cryptocurrency because of global economy gets down but in the other hand, many people also need to sell their coins to buy foods and pay their bills. These are the few reason why people are selling their coins and others are just want to lose their money. I sold few of my coins but I btc is not one of them. I prefer to lose other coins rather than selling my btc. Sometimes I convert it to more stable coin to cut or minimize my losses.

It's hard to resist when you are really in need of money to survived with this pandemic crisis, if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market. Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

Yeah because this is depending on that person if what is His plan and capacity
in this market,some of us are her
e to Buy, Hold and wait while others are here to Buy and Just sell to profit.and
 also there are some who's wanted
to Hold but they have no choice because of no having enough funds to sustain life.
in this matters there are different answers.
but having safer by selling when the market starts to fall don't mean we are weak and panicking instead this is assuring .

I think holding the coins now is a pretty bad idea. What do you think about the crypto market when the stock market over hundreds of millions of dollars collapsed? Can crypto survive the future economic crisis? Can bitcoin benefit society? - No!
Bitcoin and crypto are captured as assets for the whales to manipulate. and they only do it when we have money left. If the world economy is seriously hurt, the whales will have to leave the market for a while. That's the rule and we should understand it. If we go against the whales, we only die.

Bitcoin is a nice and stable item to hold onto when you have a money that you want the money that you do not want to spend grow little by little, this is what I can guarantee because I have faith that bitcoin will increase in value like a thief in the night, we will not know when but I hope that I hold some coin when that happens because bitcoin has prove itself a long time ago, people have doubts and expectations but bitcoin surpassed the expectations, remember the time that they say it will not reach a dollar two? Who is laughing now? People did not jump the hype train when it is not yet full, now everyone wants a piece of it because they see the potential grow right in front of their faces. I believe holding to it will bear fruit someday.

Since there has been news that the president of North Korea died, many rumors say that the price of bitcoin will go down because there is a bitcoin transaction from the president's wallet and many predictions that the bitcoin will be sold. it's just that it doesn't cause panic right now. Well, I have a different perception and assume that a lot of things will happen to drop the price of bitcoin before halving. personally, I will keep my assets, even though many people say that it is a bad idea.

This is cool strategy from the legend person. Totally agree. Why to sell unnecessary if you dont really need the money right away. If you are keeping bitcoin as second line income source (even first) then you should just hold it and look for the bitcoin rise upwards.

I like the idea of taking out only that much part which is "really" needed to spend. I think everyone should make this as an habit so that we can end up with profits later on.  :D

Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more. ;)

Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell.

They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail.

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

In this market we are all playing, there are people who panic and there are people who do not.
You'll make profit if you do not panic because you can easily buy a price at its dip, and that's the reason why the smart minds are liking crypto despite the fact that trading or investing here is considered a high risk activity. We have to ensure that we are in the side of the profitable people, otherwise, there is no reason to stay in crypto when all we do is just to spend our money to make other people profitable.

I feel really sorry for people who needs to pull funds to live through these hard times.
However, I don't understand people who initiated selling by themselves, its literally makes no sense - whole market is on bull run

Risking your present situation just for having a hope in uncertain future is a big joke especially with our global situation right now that thousands of people are already dead and millions of lives are at stake. You can basically re-earned the money you are going to cash out with crypto, you don't need to resist the hunger or lack of necessities these days. But also make sure you'll just be bringing out spare just enough.

If you are monitoring the market then you might have seen how the bitcoin price behave during the last couple of weeks. It is good to see the price getting some hike for pre-halving but I'm sure that there will be a dump after the halving just like what the past halving impacted.
It is easy to understand, the market is volatile, you'll see it on top after bottom in just a blink.

Basically i still sleeping right now and i haven't connected any reason for sales my holding btc. Obviously one is single thinking i spend cash amount at this time when i need buy products with pay any bills. Actually it's some to lucky for me because i was store some cash money and i spend now but never btc.

It is not a sorry thing, it is a need and that we can't do anything but sacrifice.
This is a part of our crypto journey, sometimes we feel disappointed and sometimes we are also happy because we gain a lot. I know many were selling their holding not because they are panic about the market change but actually the pandemic gives them the push to make it. And to honest, I also sell some of my bitcoin and I don't feel any regrets because I used it for the purpose to survive.

I think the price of BTC fell sharply at the time you posted this because some people thought that the COVID-19 pandemic would adversely affect the global economy. So, they sold BTC to cut losses. But for now, the price of BTC has surpassed $ 9k. I think that the increase in BTC price is due to the approaching halving day which means that the difficulty to mine 1 BTC is increasing. Therefore, leading to scarcity of BTC in the market. I hope that BTC price will surpass $ 20k by the end of this year.

Same with me too. I sell and rebuy in because bitcoin isn't going to drop in the speculation of few or biased people who think it will drop and disappear, no that won't happen.
This is time to gather more before nations recover and investment will go high.

I am sure that the panic selling is do by a newbie, because for investors and traders who have long known bitcoin will choose holding.
Especially now halving will happen in a few days, if there is still panic selling is really unreasonable. But I'm sure the number of panic
selling is not much, because the price of bitcoin shows a positive trend. I analyze the bitcoin price movements continue to rise, this is
a good sign. I predict the price of bitcoin in the near future will soon touch the price of $ 10k.

no he didnt said that he rebuy's btc but he just use some and call it a day  

. he still didnt cash out all but yahoo is a manager on here so he have lots of projects that earn him more btc  . in your case you said you rebuy when you sell but you only sell for profit and not for service like what yahoo did  . that is still a good move   . whats more good is that you are optimistic on btc while most of us here already starting to loose hope which leads them to panic sell  .

Then that is not panic selling, right?

Panic selling is when people are not thinking straight what to do and just sell since they think they would be missing the chance of selling at a higher price. When they will be selling cryptocurrencies or other investments since they need it, then they are doing the normal thing an investor would do in a normal day, right? Trade.

It'll comeback strong after this pandemic. I am sure some panic sells due to lack of money present in their wallets. They need money to survive this crisis and selling bitcoin is one of their choices.

Perhaps this is one of the reason why we are not witnessing any major spike, despite the fact that the next block reward halving is only a few days away. This time, it has been a major disappointment. A lot of the users were amassing coins, hoping that the block reward halving would give a huge boost to the exchange rates. And now it looks as if they may lose their money.

in market price always fall and recover.but as a holder we should consider holding for 1-3 years for good profit .i dont sell btc until 18k at all. this is a personal strategy .

I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.

There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.

I do not come up into thinking to do a panic selling despite of the current situation we do have because I do have my full to the cryptocurrencies I do have in my account. I am confident enough that my assets can survive and bounce back even at this crisis so I would not do any panic selling. I will just sit back and find more opportunities to buy more cryptocurrencies while they are still at low price so that once the prices have recovered, then I will be benefited. Why would someone do panic selling if he have trust on the cryptocurrencies he hold?

Well it is already there almost and I cannot agree that newbies do the panic selling because I have seen the best traders and investors sweating when the price swings happen and recently when bitcoins touched around 4k a lot of friends of mine who, believe me, are good investors and sharp brains but they also cashed out because it felt like corona virus might had something to do with the price drop.

I personally consider investing extra money in bitcoins and hence I am not as much troubled by the price drop as much are guys who put everything on line to make some profit. It must hurt for people who sold at 4k and now thinking about buying at 9-10k the same bitcoins. Ouch, that feels bad.

panic selling is a bad thing, and it usually happens to people who don't have confidence in Bitcoin. I'm not a HODL, I sell the Bitcoin that I have several times at high prices even though I have to wait a long time

Bitcoin Halving day soon, make the best if there is a drastic price increase

Its not actually a bad thing yet there are panic sell calls which eventually do benefit you out which means you did able to sell before the price plummets or goes to the bottom.
If you are a hodler then these scenario wont really be that much a concern but if you are a short trader then cutting losses would really be included into your list.
Panic selling is an inevitable thing yet we are just humans which do have emotions and just normal to reach when there price corrections do happen along the way.
Experience will be one of the factors that would hold you up in committing such action.

I think we can get along with that since we are doing that even in the normal days, we sell when we really needed it. Saying that we can say that there are some that actually panicked but most of them sell in the time of need and that is not panic selling.

I guess there are a lot of people in panic selling BTC so the price of BTC dropped sharply at the time of this writing. And I also congratulate you for making the correct decision at that time. I think now with the price of BTC breaking the $ 10k , you feel happy right now.

Bitcoin is still going up, so those who hodl during those times of uncertainty are now reaping their rewards. And more than possibly, it will still go up in the coming days. So brace yourself for what will be coming ahead of us...
Because of halving, we are now seeing the 10k level again, and after that, hoping to increase its value..Panic selling is real but if you know the influence of bitcoin, you will hodl it.

Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.

There are many people who have sold panic But I think it's foolish to sell in panic If the crypto market is not stable, its price will be more or less Therefore, if you are frustrated you should not work in faith. I never sold my bitcoin after the panic. Because the price of BTC goes down then its price will go up We just have to wait patiently  The future of Bitcoin is much better. Big business or investors never sell they hold on So don't panic and know about the market and then sell yourself.

Before two years ago today , Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. When we think of bitcoin, we remember the last few years, when Bitcoin was 800$ we didn't have a good idea about the market, but the days are going by and we have a very good idea about Bitcoin, but we think what they are. After thinking about all this, they are leaving the market high or low able to make a decision.

Most of the people will sell their coin due to panic and the situation of the market, before trading we should follow some different ethics because in some cases we should hold the coin instead of selling them for less. That's why we should always hold the profits, which we earned through trading and it might help us to average our previous higher prices. In this way, we can reduce our loss.

Me too, I didn't sell my coins because I still have my allowances and excess budget for surviving this quarantine. I sustained myself because I prioritize my work and family above anything else before this pandemic occur. That's why I have budget to support my family and feed them 3 times a day, I also donated some money for those in needs. Selling my bitcoin is not appropriate and necessary that's why I still hold it no matter what happens because I believe that bitcoin's price will increase, especially that halving is approaching and selling bitcoin is a bad idea and buying is more profitable. It is hard to recover from losses after this halving so you need to become ready and trust bitcoin and be patience if it is a perfect timing to sell it.

Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital.

You seem right, we will not panic if we know what we are doing and we understand to risk only what we can afford to lose.
In fact, some investors and traders are hoping to grow their money multiple times so they are taking this high risk activity, trading and investing.

We are here because we believe in bitcoin and crypto in general, so we will hold and we will not panic.

Although I can understand that we are not perfect, we also make mistakes sometimes but at least we need to learn so in the long run we will succeed.

Then if this is what they really meant to do why not go directly in gambling
 when the stake of winning is too much high than trading?isnt that in gambling if you hit the jackpot there is a
 huge amount of pot?remember that in crypto the ability to wait is what will save you from losing and
 not the faster you expect to profit,for how.many.thread here that we saw same situation whos investing the amount of money they dont really.afford to lose and
 because of greediness they lose everything and blames the market for their own stupidity

fear and panicking is truly human though, some people might said that they don't panic because they know trading very well but in reality no one have clue how the market is going and what will happen in the future, even if the money used for trading is just a leftover money it's still money, everything could happen in the market.

Why will I be panic? I didn't

I can not say that I did or did not sell exactly because the situation is a bit complicated. When I was trading my current capital, I had adjusted it to have 70% margin and 30% spot trading. Unfortunately, during that big and sharp decline, almost 70% of the balance disappeared and I sold it all involuntarily. However, the 30% portion I was talking about still stands still and I haven't made the sale yet. Perhaps, at the end of the month, I can sell according to my money needs, but it is not certain. I do not want to go through the reminder that the price is likely to fluctuate one more time before the half-time period. As I mentioned, I will determine whether or not to invest my remaining investments in cash at the end of the month according to my financial situation.

If you are aware of the date of this thread being made then you can see at that time that the price even touched the bottom at around $4.7k and that is a very scary panic, because even at the same time the spread of coronavirus continues to spread and even the case continues to increase in many different countries.

That is nice for you that you have been able to hold with your BTC but that means that you are either too rich or you are holding a small amount of bitcoins because when the price dropped to half and went as low as $3500 there was a disastrous situation and lots of whales also dumped which actually made the price even fall down further.

Imagine being noticing $350 swings but not cracking when the price went half of its value, I believe you are just holding a small amount mate because as a trader I was shaken and I have to admit, even I liquidated a part bitcoins I held because it was massive for me and even a 10% change makes me worried.

Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.

Instead of selling bitcoin/altcoins, I bought some more during the crash. If you believe in BTC and blockchain, than this crash was a very good moment to buy.
Maybe too easy to say, but if you can not handle a crash like this, than it has no use to have BTC/stocks in your portfolio.

The halving is completed, the Block reward is half down. If you mined 1 Block, You just receive only 6.25 BTC instead of 12.5 BTC. The world is going on Economic Crisis, cruid of is down more, Covid-19 destroy many filed in the world, etc.

Because reasons above, I believ Bitcoin is grown up and I will Buy 90% my money by BTC before end of June. My target is 16k - 17k last year

Well, if you have a good idea about where are you investing and how should you face it, you won't sell in panic. Maybe you will sell some, but will play a better plan for it.

Several people panic selling their assets because of the continuos price fall of their coin. I think it is better than to lose big in the long run. Some may still hodl their coins hoping for a  comeback in its price in the future market. But neither ways are better if you have the risk.

it is very natural when people panic to see price drops that occur very quickly, and cause panic selling. it's just, I'm not that type. I better hold my assets, and believe in the next price increase. I have seen enough events like this, but, it's best to hold back in the long run, and thinking calmly is the best thing to do.

Well it depends on the coin you're going to hold. If its shitcoins then dont expect for it to bounce back because it will never happen. Selling while it has value is much better rather than losing all your money. Thats why its important to only invest in well-established coins or those who have potential and unlikely to be delisted in exchanges.

If you believe in the coins you buy then hold firm and wait for it to skyrocket in the future.

It's hard to tell because I don't think there are any relevant figures, I don't think that anyone is actually having records about it. So, we can only guess based on our feeling or maybe if we know some users who are keen to panic selling.
Anyway, panic is something that can't be avoided, especialy by less experienced users so every time when the price goes down someone will sell, that is for sure.
Personaly, I don't fall under influence of panic or fake news because I'm experienced and been through such situations many times.
What can be done to prevent panic selling is education and risk management.

Many people panic and sell because of falling prices Don't panic when it comes to investing Even if the price of Bitcoin goes down it has a lot of potentials to rise I never sold it I kept thinking about the future. There is always a risk involved in investing so try to reduce the risk. Now is a good time to hold on without selling.

There are sales and there are panic sales, to differentiate the two from each other, you can always look at it when there are big sales coming AND afterwards. When there is a big sale that drops the price, that doesn't have to be panic, but when price falls so much that people end up selling after that, it could be panic selling. For example if the price is 9k and drops to 6k, anything lower than that could be considered panic selling.

Of course this is still not a healthy calculation but it does help you out a bit in the end to realize what type of people and how much is sold during those times of panic, not all of them could be panic but most parts are. However one thing is for sure, there are same people who buy while its going up as well, when you see price at 6k that goes to 10k and you see people buying, its the same mindset.

Many people had to sell their Bitcoins, because because of the pandemic, they had expenses for which they could not raise money from other sources. And it's pretty bad, because this has an impact on the market, in the direction of lower prices.