Bitcoin Forum

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.

But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.

Do not panic buy.

People are selling their bitcoin for cheap because they panic buy as if the grocery stores and public markets will close down indefinitely. That is not the case in most countries though. Stores and other services that are essential are still open to the public.

If we look at Bitcoin's price in the last four days https://coinmarketcap.com/currencies/bitcoin/historical-data/, I can only assume that the panic selling is now over and everyone has cooled down while waiting for a cure to the virus.

Even you are stating they want to avoid getting panic selling still they do because today while there is a pandemic outbreak many people will focus to their selves and family because they need to survive there are many people getting panic selling of foods, mask, alcohols, and more to prevent the virus attach on them also there are some places having a lockdown so they need to have a stock and enough to survive for over a month also we cannot tell until the virus still alive even there is a survivor many people still die because of this outbreak and it is better to save your selves than doubting to hold our money.

I don't think it will impact crypto, it will impact the economy and stocks but not in crypto.

Have you seen what is happening to crypto now? It's been standing strong with some minor recover and I guess crypto are going positive opposite to the stocks. What's making crypto strong right now are the big investors who consider crypto as a safe haven and a good store of value, so let's keep the faith high and continue to hope that this pandemic will end very soon.

As Ive wanted to be positive about its recovery. Everyone in the world are really having a hard time to live up due to the worldwide locked down. Lucky those country that can still sustained their financial about supplies and foods. Some country are really struggling so even though the market for crypto has been seeing a good standing now, expect some dump since investors are also affected, they can withdraw funds anytime as soon as the time needed to do so. When? Its up to the degree of this spreading of corona, and the count still increasing as days pass by.

Easier said if you got food on your plates everyday.
You know there are a lot of people out there who are now suffering.
Companies who have rules like no work no pay. So, how are they going to make money?
Their next stop will be their savings and if it is in bitcoin or other crypto currencies then it will be sold in an instant.
They need to eat for nourishment so that they can fight back that virus.

But until now we don't know yet the main reason why the crypto start dumping. Maybe because of the lockdown is one of the reason because people needs money so what they have right now is to sell but I hope not all their assets was sell.

Yes because once this outbreak gone everything will back to normal and I hope the bitcoin and the altcoins starts again increasing but we really don't know sure yet what happens after this.  Panic selling is not helping people but if a investors don't have choice to sell their coins because they need money right now because they don't have have work because of the lockdown it's still good if they buy their needs.

I hope those people too who do not need money or enough money right now don't sell their coins because of simple holding your coins your helping crypto community to recover and also your money too.

I think we're about to see the end of this pandemic soon.

--> https://www.washingtonpost.com/world/2020/03/27/coronavirus-latest-news/

There's no point on panic selling. What everyone must do is to buy, buying of goods and as well as investments like bitcoin.

We're fine. We had loads of sell-offs in the past due to shaky hands and guess what, we're still here. It's the way of the market to weed out the weak hands and favor those who knows what they're doing in order for the coins to not fall on the top 1%. Panic sells often happen when danger is looming--or when everybody thinks that the market direction will head towards south. It is normal. Let people panic sell, for they are the ones who doesn't know the true value of bitcoin and whether it is for keeps or not.

Yes i agree guys you shouldn't sell your bitcoins just wait till this deadly disease is gone and wait for the market to recover i do believe that price of bitcoin will fuel up As soon as this virus thing is over and then would be the best time to sell DO NOT PANIIC guys just wait be patient.

I think no one is panic selling bitcoin these days and no one would want to sell it for cheap as its price is so very low. The problem is that majority of the people are in a lock-down situation and due to that they fear that the essential commodities  may become expensive or disappear from the market, so everyone is looking to buy extra goods and for that you need money and if you have saved money in bitcoins only, then they will have to cash out in order to fulfill their needs.

The sad truth is wealthy people will survive seamlessly until the quarantined days are over while poor people needs to struggle every day just to meet their daily needs frankly became more hard for them since jobs are suspended too, or if there are any there are just limited ones. People who has comfortable life right now because they have what they need should shut up on posting "Stay at home people or blah blah" coz some people can't just really do that or else they'll die/.
This is where some people are wrong, they tend to not invest on something like cryptocurrency that's why in times like crisis like this they have nothing to pull off for emergency. Companies should really be considerate for their workers, the no work no pay policy should be compromised until the situation gets better because it is a matter of life and death for everyone.

Anybody who sells now is an idiot, now is the time to buy. Always do the opposite of what the majority do.
The halving is soon, there will be significant price rises over the next 18 months.

Even if you manage to influence one, another would probably stand up against it. Maybe two, four, tens, or more. Sadly, only those with big bucks be the one to continue holding. more than 50% of the BTC supply right now hasn't moved ever since the bull run of 2017, and you can guess that even if BTC moved to below $3k, I doubt those people would move it. The market price is generally moved by those day traders, and honestly, it's a problem for day traders as well right now. Trading is a kind of a side gimmick, and their main job influences the amount of money that flows into trading. Now, since because of the quarantine, those jobs are temporarily postponed no? And day traders would most likely not risk much regarding that, so you can't really hope for much with this. IMO, better wait for the virus to pass before asking others to hodl and not panic. Would probably be much more effective.

its the rights of every people to sell thier stocks even crypto holdings as long as they want it besides if this will really affect the crypto price then the right decision will sell it before the price decline. You will never help the price increase or decrease by just holding you need to follow the flow and earn from it.

If they sell because they lost their livelihood or jobs, I understand them. The lockdowns in so many countries have caused a lot of employers to let go of their employees because their businesses are closing down and there is no more inflow of income. I guess there are BTC owners who are caught in such a situation and are now resorting to selling of properties which includes their BTC. I just hope that this pandemic will go away very soon so that people will resume their normal lives and probably buy back their Bitcoins.

Its easy said but harder to do right?people now are having no foods to eat because of lock downs do you think people will keep their assets when they are starving?
i am afraid but practicality what will people do now.
even you for sure this is what to do when crisis like this is happening.
works from home only limited and not all people has offered and government support is not enough for them to feed family.

it is far from being the "deadliest" disease! literary any popular diseases that you have surely heard about has a much higher mortality rate than this. such as cancer!
the biggest problem with this virus is its transmission method and it being new and not having any vaccines yet. in the same category there are scarier viruses though.

i don't think that is the reason. even the worst idiot in any market is never going to sell his "assets" in the first day of lock-down. not to mention all the buys/sells happen at home using the internet so "not being able to go out of home" is not a valid reason.

based on what i've seen the dump started from the stock market and it made perfect sense since all those companies even the gigantic ones like Amazon have been losing a lot of money every day before the crash even began since China was closed down. so their stock had to dump.
then the dump caused a lot of panic that like the virus spread to other markets and caused their crash too. bitcoin was also a victim that also had a ton of manipulation.

We have different thought, I myself just thinking that this corona virus will give good impact for cryptocurrency price. And the lockdown is the reason, do you thinking that if the city decide to lockdown then there will be many people who doesn't work and they will find a place to change it. I see this thing right now, bitcoin price is still in the good trend even there are some altcoin who increase. They will learn cryptocurrency and try to trade in order to they get an income beside they stay at home. You have to see the price movement mate, and you can try to trade at this situation.

I don't believe things have gotten close to being this worse, the panic never got to that stage and I don't know if it's the fear of the virus or the fear of people losing their investments, but many users are making the fear of the corona virus look cryptocurrency related, this is a deadly virus that is slowing down economic growth everywhere in the world, bitcoin and cryptocurrencies have also been affected; making it look like cryptocurrencies were hit worse is what's causing this whole panic.
My government as insensitive as they are, keep telling us to stay at home, yet no support from them whatsoever, I've been at home for a long time now with restricted movements, but I can't just start selling my assets now, I'd rather spend my fiat I've saved up in the bank and my other reserve cash, selling my bitcoins for me is a last resort.

They can search how to make and earn money online and even visit this forum because they are now in need to find other source of income . However even they finds many ways to earn bitcoin it will not help them to be a holder or bitcoin investors. they only see that as thier new source but they will prepare to always exchange it to fiat and use the money than holding it.

Well, panic selling is always something to avoid, so it applies to this situation as well. If a person decides to buy or sell, it should be a free conscious decision made after some time of analyzing the pros and cons. When it comes to COVID-19 panic, it's important to realize that nothing similar ever happened when Bitcoin was around, so we don't have anything to compare it with and thus cannot predict the outcome in any way. At least, it seems that this is what Antonopoulos believes right now, and I agree with him. Bitcoin recovered partly, and it was quite fast, but we don't know what'll happen is the situation gets worse (and it probably will).

Sales due to panic conditions do look very ridiculous. However, this condition is common in Crypto trading. When prices begin to decline sharply, many investors will sell coins to cut losses.

But your suggestion is very true if we shouldn't panic. Because panic will exacerbate crypto market conditions. We must be glad that the current Bitcoin condition is slowly starting to increase, of course, will encourage investors to return to the trade.

Now people have been waiting for the final spread of Covid-19. If this plague could end it would have a positive impact on the economy (with the economic vision also giving a positive impact to the crypto world).

This Covid-19 pandemic has caused lot of damage and can cause more.People are in panic mode and we can't suggest them not sale too because we don't know what situation they are in and what is necessary for them.Every market in global are down.But I think this is the best time to buy Bitcoin if you are new buyer and if you are holding Bitcoin than you can improve your average.There is lot infusion of liquidity in market has happened in recent past by respective goverments and this can also impact crypto market.

You know what I did? I decided to buy at $4.7k, bought around $3k worth and sold at $6.7k today, with that money I'll be able to mitigate a bit what I lost, hopefully price recovers soon as I indeed don't want to sell at this price. But I think in the near future price will continue to drop, maybe we'll see it bounce back to $10k sometime next year (but don't take my word for it, it's just what I honestly think)

if next month have more new case infect corona virus  price maybe drop

because everyone want money to use  right now a lot of people no job or have some money to live in couple month.

they have crypto to sell price maybe going to 5k but after that next year i think market will recover and price rise up to 10-15k

You should not impose such a principle, everyone has different needs and wallets. There are people who immediately sell their assets because that is the only way he/she can do to fulfill life in the midst of this crisis. Don't worry about falling prices, because it's normal and will recover if conditions are conducive. So now the most important thing is to choose which one should be prioritized, of course, life and health needs, right? investment and profit can be sought again, now the most important thing is to maintain health.

True, the global economy is madness nowadays, those ones who really know how to hold in crisis time will have the future in their hands. So, is a bad time to sell now, let's wait at least until the halving to see if things gets better. Long life for the holders!

Agree, guys who always panic sell are the ones who always lose. Panic sell is similar to short term investment, probably you won't gain high profit with that. After the outbreak of COVID-19, the market will be stable and back at its original peak since 2020 is the year bitcoin halving and definitely it will grow more.
I'm waiting for halving also, panic sellers will regret that they sell it early at a low price.

If you think that it will continue then sell and buy more later. This is the basic instinct of an investor. If you believe that something will happen take advantage of that knowledge.

I don't sell Bitcoin because I prefer to keep it safe in cold storage. Safety is my main concern and I trade only coins that I don't believe in but if some of you hold coins on exchanges why not trade them?

This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.

So what?


1000 per day makes it only 360 000 a year compared to millions that die from cancer and millions that die in car accidents every year. I don't see anybody making a big deal out of car or cancer deaths but it takes just a few people to die from a new form of virus and there's suddenly a worldwide panic and everything gets shut down.

This is what I fear, many people who sell cheap bitcoin they owned. If this continues to be dangerous for the future of bitcoin, I understand
the impact of the corona virus which made some countries do lockdowns made many bitcoin holders panic and sell bitcoin it has. I am sure
there must be another way that does not need to sell the bitcoin that we have or other assets. What we need to do is think calmly, and don't
panic or make hasty decisions. Because in my opinion not the best decision to face this crisis with sell cheap bitcoin that we have.

This is a Pandemic mate and people now are looking for Funds to make them stay not in starvation so believe me even if they don't want to cash out?
they have no option but to do so.

just like 2 of my friends whos Long Time Hodlers for years now but they cannot Hinder themselves from withdrawing now because they have no Work from home and they want to be assured of having Food in the table so they need nothing to do but to Full out so this is a case to case basis and i am sure even you will do the same if leaves no option.

many people suggest this, it's just that people's panic is sometimes greater, moreover, we don't know how long the lockdown will occur. Well, we all desire that crypto holders or other shares don't panic, but when the lockdown occurs, people who don't have so much cash will get their assets out of the internet or from other investment sites to stock up on food. for now, I think the effect of panic sell is rather normal because we can see that the price of bitcoin is stable in the range of $ 6k.

I think this is applicable for those who are patient in waiting for the rise again. However, for those who need actual money (the more essential and accepted by small business owners) to be able to survive for a day, doesn't listen to this. I think we all have our own solution and countermeasure we think is best so the most important things here is to be smart on deciding whether to sell or hold depending on the current situation we are in and some other factors around that user.

Every time Cryptocurrencies has seen when they go down People start selling in panic but crypto has always recovered.
If anybody not panic in crypto always has the profit but not the case. You should hold your Cryptocurrencies till you get profit.
Bitcoin has now recovering very well as other Cryptocurrencies.
So please be patient not sell Cryptocurrencies in panic. Lets see how market goes. Enjoy this market and get some from this.

The proposed or expected downward crash of Bitcoin and other cryptocurrencies is not going to continue forever. We still have expectations of good news from bitcoin halving the community and investors are looking at. This will somehow keep price from crashing further. On the advice for people not to sell off, it will not be adhered to. People sell for different reasons.

Since it was already pandemic mosts of the investors are obviously going to end up selling their assets or investments in the end.

The Virus was not really deadly comparing to the other pandemic diseases in the past but the virus could spread very fast around the globe. We cannot really we cannot blame them if they are going to sell their assets if they really needed the money since it is all about survival already for most of the countries that are affected like Italy. All your investments will be useless anyway if you are already dead.

https://i.imgur.com/gtR4CgO.png
Source:
https://www.nbcnews.com/health/health-news/coronavirus-diseases-comparing-covid-19-sars-mers-numbers-n1150

Anyway selling of their assets would totally affect the market price of bitcoin in the market but in my opinion, the bitcoin still has a high demand so it would recover easily since there are still a lot of investors that are waiting for the market price to go dump in the market.

You can always see people panicking with this kind of scenario like we currently facing in the world. Panicking leads to doubtful result but sometimes it is a good thing to do. as you can see on the internet, grocery stores are running out of supplies because of the hoders and there are no rules implemented yet. that's why those who have a lot of money can grab as much he wants and as many foods he likes. Later on, when you want to convert your coins into fiat, you will have nothing to buy anymore.

One of the reason why they panic selling is because they are afraid to be hungry while crisis is still existing in our country, so they sell their coins into the lower prices so they can have a money to sustain for their lives, they use it to purchase some goods and stuffs so they have foods to eat while they are at home.

But panic selling is not a good option for me, you don't earn money from doing that things, you will lose your money if you sell it into the lower price, so for me the very advisable thing that you may do as of now, it just to hold your money or make some investments while the price of bitcoin is low because if the market recovers, you will make money from that.

not sure if your talking about crypto panic or the actual panic outside crypto because you mention money and by that i realized your talking onto cryptos too  .

  your right its thier money so we have no rights to stop them but its not bad to warn them or atleast give some advice because that can make a change and other people can agree on what you have said  . now when it comes to the real life outside panicking is really bad and should be forcefully stop as this makes the virus infection became worst  .

I am really not sure if you understand some people are selling to buy food for their families , because of lockdown the not so fortunate group are being provided with nothing but problems from the government .
It is better to sell rather than starve for sure , so if there is someone out there thinking they need money for themselves or their families I do this the right thing to do is to sell and first take care of themselves then worry about the price of cryptocurrencies.

This is what literally is happening! Personally, I sell some of my crypto to buy goods and to survive this crisis. Here in our country, we are on community quarantine and no one is allowed to go out! all of public transportation are down and people should stay home. I sell some of my investments and buy goods to survive considering that we don't know when it is going to end. We don't need to worry about the price, we should be worried on our health right now.

Hence the crypto, commodities and stocks dump. I said it before - it was pretty predictable (but I found out too late). Next comes the big dump and then the rise of most important assets. And because gold and silver is of absolutely no help during a pandemic, I see Bitcoin finally becoming the Digital Gold. But how widely is it really going to be used? Because I'd rather see a scenario of digital fiat taking the power than Bitcoin - BTC simply won't be let to take it.

Not only crypto is recovering right now but also some of the global stocks but the crypto's movement is higher than that of the global stocks.

The investors who believe that Bitcoin has a future are the ones who bought Bitcoin at the bottom making the price to rise up again. Because of this virus, it has created a massive paranoia to all the investors making the stocks and crypto to go down that hard and one thing more is that they sold it too because they need fiat to buy some supplies.

I believe that this will end in Q2-Q3 of this year but I doubt it will end on that months since until now, there is no cure for this new strain of virus :X.

NOT ALL SELLING IS PANIC SELLING....

Selling an asset that is going down is price is SMART, and what any rational investor would do.   I have no idea what BitCoin price will do in the next few weeks, but BitCoin grew up in an Economic Bubble, where everything was going straight up.

BitCoin price CRASHED in its first economic crisis, that should worry everyone.

Hard Facts

Maybe it is related to crypto, but we don't have any proof yet. I came to the conclusion because they have the same timeline when they both occurs. People really need money just to survive the quarantine and it depends on the people if he really need the money so bad. I know that the opportunity for the bitcoin will be wasted and using it in necessities and cheaper prices will be a huge loss, but don't starve yourself to death because of that mindset during this crisis. Most especially those workers that can't go to work have nothing to feed for their family.


But when do you think this Covid-19 virus will end? We don't have any certain predictions when will this pandemic will end, Unless our healthcare worker provides or developed the vaccine immediately. In reality, it will take 1 or 2 years for the vaccine or cure to be discovered or invented and if that's the case, you will just waste your time waiting for so long that you have any idea when will the virus come to an end. That's why as much as possible, spend some of your money for your necessities and still hold some bitcoin. You will not sell all of your bitcoin, you will just use some amount for your own sake.


Yes, if they have enough money to sustain theirselves during this outbreak, then it is quite good not to sell their bitcoin. Panic selling is just for an emergency purposes and not as a strategy. Let's help each other and support bitcoin and other cryptocurrency no matter what happens. Be mindful, be wise, and always take care of yourself and your loved ones above all. Prioritize health over anything in this world.

The reality of the market right now, people are panicking not because of bitcoin but because of the virus and that’s why they don’t care what’s the price as long as they sell early. Well, It’s their choice to lose money and I’m ok with that because I’m waiting for the bottom. The halving is coming, we should believe that the price will recover again and the halving will bring a good pump. Don’t panic, stay your focus on bitcoin and see its real value in time like this.

Sometimes we must be indifferent to respon what other people do, because they will know and feel how the result that will get after they done it. Like this time, I think there will be many people who have been fooled by the price movement of crypto currency.

I mean, when they know that the price will come and they sell their asset immidietely even in lose situation they will regret when bitcoin price as an example comeback to recover because now bitcoin price is still high if we compare with the last year price.

They will assume that bitcoin price will crash for a long time like that had happened in 2018-2019 but it never be happened. Bitcoin price just increase after the crash come ans until now.

The panic sell is because people have been laid off work and need money to feed their household you know. That's why so many others are liquidating their assets and mind you not every country is giving its citizens money like what we see in Europe and USA.

It's been affected and those who are in a third world countries where it's hard to survive without any 8 hrs labors investors and holders from such places are surely liquidating their assets and using their fiat to feed their families.
It's really a game of survival and most of those small players are not capable of taking longer time frame in holding their investment inside, panics are
being felt and if this virus will continue to infect more places we will expect that the market will experience another hard downfall.

NOT ALL selling is due to people needing the money now.   There are a lot of people that think BitCoin will crash more as the crisis gets worse, and do not want to lose all their investment.

I know you want to " FEEL GOOD " thinking that all selling is because people are forced to sell, but that is NOT, NOT, NOT reality.  A lot of smart people have decided that BitCoin is to risky and not a good investment.

Hard Facts

In my opinion, there was no panic. Who needed money in order to prepare for quarantine and there was no cash, he sold his cryptocurrency. However, others, after the price of bitcoin fell, began to buy it at a cheap price. So, the growth of Bitcoin purchases is registered in Japan, this is probably happening in other countries, there are simply no official statistics. The next temporary wave of lowering the price of cryptocurrency may be if the quarantine lasts a long time and people run out of cash again. If the quarantine does not last long, then the cryptocurrency market will recover and grow in value.

Where have you been past couple of weeks. Panic sellers already sold their coin i my guess. And it's not about panic sell it's about survive dude. People need their necessary things to survive during this quarantine. That's why they need fiat money to buy those things cause btc or other crypto don't use as a fiat money in maximum place. So u don't like or not, people want it or not they have to do what need to survive. Crypto currency already gone very deep hope this crisis go away soon and market will recover asap.

Some of them still hold bitcoin, but if there is an urgent need, now some countries have put in place a lockdown so that the corona virus does not spread and need money so they sell their crypto assets for their needs. But it is not until we panic, everything will end and the price of crypto will return to rise sooner or later.

You calling people idiots because they need cash to buy essential items to survive, and not having enough disposable income to gamble on btc? Pathetic.

Nothing needs to be sold as long as we still have money to meet our daily needs during this lockdown because in the end this problem will definitely end and we only need to be patient and keep trying to follow all the regulations that are put in place to avoid the spread of this pandemic. Even many places or shopping centers have been closed for a while and indeed, this is a crisis and paralysis of the global economy but we must also avoid a wider spread so that this pandemic can be quickly destroyed.

For sure, having patience is something I always do. It’s good for everyone to be having patience when they buy bitcoin.

You invest and wait, even if things are getting rough, you just have to relax and wait for the right time to come before you can talk about selling your coins. Our own country lockdown is coming on this week, so I have seriously worked hard and bought things that I will be needing once there is a lockdown. My coins are still there in my wallet – I invested before and it has been in my wallet since before the fall in the price of cryptocurrency.

yeap, panic sell should be avoided, of course is someone is in need for liquid money, they will either sell BTC, or other asset to get that cash, situation is unclear at the moment, it is hard to tell until when this corona crisis is going to last, and more important what will be the consequences of this meltdown that is currently on the stage in stock markets and global economy, we can be certain that another crisis, economic, will follow this health crisis by corona

Those small traders who can't afford to spare money inside this business will choose life between this situation. Knowing that the there's panics around the world that cause by this spreading virus, it's best to have money to use in the time of crisis like this than to think about investing your money to the things that you needed to wait for much longer time frame.

For those people who have no other option, I am pretty sure that they are desperate especially if the daily needs is at stake. Would you rather put yourself in hunger just to save your investment, so they will surely sell their assets if it can help them to cross this crisis and buy back again those assets after this crisis.

But if your daily needs is not in pinch then panic selling will not help you as you are only worsening the market situation. Though I see that there are investors out there who know how to play wisely in this type of market, they are selling at a reasonable price and buy more once the market goes down badly.

Well said mate, COVID-19 really affects the price of the bitcoin, when this virus is not yet existing, the price of the bitcoin ranger up to 10,000$ but when this virus exists the price of the bitcoin changes so quick, from 10,000$ it turns to the lowest price with 3,900$, to the point that some investors, hodlers, traders sell their coins because of thinking that bitcoin will be dead and because of some investors who pull out their coins and converted it into fiat currency so they will have money to buy some goods to support their lives in the crisis.

the world economy is  falling, with lockdown policies in several countries.
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.

CV is not even the reason for the collapse in asset prices today.

see this picture quoted from one of web

https://imgur.com/a/MBcPiYl

look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'

and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices

We are NOT, NOT, NOT in the same conditions as 2016, in which BitCoin rose to the moon in an ECONOMIC BUBBLE.

We are now in a FINANCIAL CRISIS, and BitCoin price has CRASHED in its first test in a financial crisis.  I have no idea what BitCoin price will do from here, but the financial crisis will last for many years to come, and you should all be very worried.

To dismiss all selling as " Panic Selling " is utterly stupid and intellectually dishonest.  Selling an asset before a price crash is what a SMART INVESTOR does.

Hard Facts

The market price of the coin does not do not really relate to the outbreak today and it is just because of the whales those are the people who have a lot of coins that are holding and there is a lot of analysis and data that the half of the percent of the coins does not circulate for over a year and the whales are one of the biggest contributors into the world of crypto if they want to make a change they can because some of them have the power because they are the biggest contributor on the market still, we are looking forward to the market price of the bitcoin the halving is coming back so there is a chance that the price of the bitcoin will go back to normal and profitable again.

We do not need to panic with the conditions that currently occur, because we who are here already have a way to how to overcome them, but indeed most of the bitcoin holders will also sell most of their bitcoin to survive, because as we know that in some countries' lockdown is now done so after all they need money to be able to survive until the epidemic of the coronavirus really ends.

I've been seeing your negativity lately, given that the price powers from the speculation and you are talking somehow sensing things about bitcoin already proves that you are not in favor of it, in short you are anti-bitcoin. Every year is different, so why compare the current situation with what happened in 2016? Speculation is different from every year, and this time there will be huge as halving will is nearing to occur. I still believe that bitcoin was made for crisis like this even with the dump experienced last month.

Yeah, selling an asset before a price crash is what the smart investor does, but how would you know? lol

Your advise is timely but people who have limited fund for trading and up keep during this trying times will just panic sell off and hope to buy back at a much lower prices which may be a brutal decision because the cryptocurrency market may defy this global crisis and head north.

I don't think that people are actually panic selling right now. I do understand the fact that a lot of countries are affected by the pandemic these days but I don't think because of that they will be selling their bitcoins so easily. The price dumped because of the movement of the scammed bitcoin of Plustoken, and people might be selling but not really panic selling. They might use it to stock essentials for the quarantine.

After the storms the sun always comes, buy those who have the opportunity to buy at low prices. Unfortunately it has always been this way not only now, however as long as the uncertainty of the markets remains and the covid19 does not stop the situation of the cryptocurrencies will always be the same.

What an UTTERLY STUPID way to talk about investing.   A lot of investments go to ZERO, then you are wiped out, done...  So NO, NO, NO, the sun does not always comes for an investor   :'( :'( :'(

Given the way BitCoin is reacting to its FINANCIAL CRISIS, BitCoin appears it will go closer to zero than its high.  BitCoin is below 6000 again now.

The HALVING is already very well known by everyone and already priced into the market, any price increase due to his has already happened.

Hard Facts

Now the situation is very critical so health must prevail. We must keep ourselves safe, let us pray to God to receive the good news that the Covid19 pandemic ends. BTCitcoin has great potential and a good future. Although the price of Bitcoin is falling.
The community is waiting for this bad weather to pass in order to continue building its ecosystem.

Indeed, the world are suffering the crisis called coronavirus, it is a pandemic virus that is easily transfer from human to human, that’s why many countries are commanded to be lockdown, and that’s a huge effect on the markets. Those people who are panic selling are those noobs, because they make solutions without knowing the possible results. They think that it is impossible to recover again the market price. Panic selling is a big loss of your assets because you just selling it at a cheap price. The only way to do is to pray on our God that this crisis would end soon, so just keep praying to God that everything will be fine and going back to normal lifestyle. 

The current situation is really hard especially to those who dont have savings. Because of this virus majority of people cant work and its a problem for some of us who are counting on their salary to buy the basic needs of the family. We need cash now so I believe investors who panic sell has no option but to sacrifice their investment to sustain the needs of the family. While others (possibly a weak investors) decided to sell to avoid further losses or afraid the market might crash, well its a normal mindset of people who dont have trust in crypto.

I don't think that all people can be patient in times likes this epsecially when they don't have much money for their needs and has responsibilities not only for themselves but also for their family. If the lockdown would continue longer, it is sure that another dip will follow in the standing of Bitcoin as people can't earn money anymore.

Personally I agree with OP.

The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.

Nobody is panic selling.

People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.

The hodler cult innercircle will never understand it, because they bought bitcoin at two digits. Its easy to hold that way.

Easy to say but really hard to be done specially when you are in need of funds.Of course people will surely sell out their holdings either on traditional investments or here on crypto space yet
the main priority that do have in mind is on how to survive even if they do need to sell out and dont mind if they lost that much since this isnt the priority for now.
Good thing that bitcoin price is still holding up and somewhat stabilize at the moment as situation becoming worst day by day in talks of corona virus.

I agree with you. The crisis that is going on now can force people to sell their assets. Because when people's money needs, than they have no choice. They will sell. However, those who do not need the money now can buy more at this opportunity. At this point it will not be okay to sell panic. There is no guarantee as to how long this condition will last.

I am trying but it is really challenging me right now, I have some bitcoins that I am keeping for now but honestly panic selling now and panic selling any other time are totally different. Normally people who panic sell their coins do that because price goes down, right now we are doing it because we may need money. It is the first of this month soon and I think we may really need some money for the bills and for the stuff we may end up buying to our house.

Normally you buy only what you need and nothing extra, nowadays everyone buys stuff that are extra and that ruins our investments because instead of putting money into bitcoin people use it to buy toilet paper. Toilet paper could be just a funny example because for some reason everyone bought excess of that, but in general people are buying excess amount of everything nowadays which causes us to not have decent investments anymore.

Daily needs such as food are really needed for now, especially in the midst of this disaster, many countries choose lockdown, and of course this is makes the economy decline, and the impact is panic selling, I am not surprised by it at this time, and it is natural for market conditions like this

The reason to avoid panic areas and either decide beforehand to take profits and be confident out of the market or just hold even at the bottom price, is because panic creates inaccuracy and wild prices that dont stick.   So its very easy to look incorrect in your actions afterwards.

The sharper the gradient the less time was available for confirmation of that price, the volume distributed globally gives less consensus and the price is far less accurate.  Its the same for all markets pretty much, this means very likely we retrace these prices before eventually choosing a longer term direction.   Its better to decide over time, because thats what the market will do with second takes on support or resistance quite often occuring.

Indeed, today in the world there is such a situation that due to quarantine every person has to increase the volume of his expenses.  many people take money from their stash, which was stored for another purpose.  Also, many cryptocurrency users are already starting to sell their assets in order to pay bills, as the situation becomes more complicated every day.  But this is due to forced measures to save his life and the life of his family.  but if we are talking about the panic of some cryptocurrency users who are trying to sell bitcoins due to falling prices, then I think that this makes no sense, since there are always ups and downs in the cryptocurrency market.  and if, for example, I am determined to make a good profit due to the volatility of bitcoin, then I prefer the long-term storage of Bitcoin without paying any warnings or influence from the media or a negative change in the cryptocurrency market.  the need is initially determined as to what results cryptocurrency users expect from their assets.

HODLERS will keep their currencies as long as they are not triggered by the economic crisis but today?i guess this is the time that Hodlers need to sell their holdings for a while and may try again to accumulate after this pandemic crisis that bringing Burden to the whole community now only here in crypto but also in stocks and Oil companies.

for the very first time in our history Virus infected the world like this things that never happen before so bear with this and just understand the need of money than cryptos.

The above statement is a SPECIAL KIND OF STUPID   :o :o :o

The statement that " Nobody is panic selling " shows that this idiot is not even connected to reality...  It is a HUGE market out there, a lot of people are selling to pay bills, food, etc.  There are obviously many that are also very rightfully about BitCoins price crash due to the economic crisis, and panic selling before it crashes again.

Hard Facts

I think even if we always remind people not to panic, there still people who will panic if the market is down deeper because they don't expect to see that downtrend moment happen. It is difficult not to panic, especially if we are not preparing for anything that will happen later, and not all people can do that. Maybe we still need to learn to stay calm by controlling ourselves related to the market conditions. Sometimes, we forget that the market can move to any price, and that can make us panic.

If they hit badly by economic crisis happening then best to sell their balance off to save theirselves from the burden brought by the disease but it they have enough money to spend for more longer months then best to save it and don't sell at losy since there still high chances for a pump since we will positively see a price pump since halving still on his way to take effect in future.

NOT ALL SELLING IS PANIC SELLING 8) 8) 8)

Many Investors rationally look at the current environment, and how BitCoin has crashed in its first financial crisis and not like what they see, and sell.   People decide to get out of investments based facts and potential Risk VS Reward, and make a VERY RATIONAL decision to sell.


Those that dismiss the huge selling of BitCoin as " Panic Selling " are fools that want to make themselves feel good... 

Hard Facts

Thank you very much, not all selling are panic selling, won't people sell again? You use money for what it is needed for , what is the essence of the little you have at hand that can solve an instant problem and is kept till the problem is bigger than what the large can solve. Is it not better to withdraw the little token to stay safe at home and take care of you family than to keep them in hunger because you are looking into the future? Please do the needful

Trust me there has been numerous warnings shared on this forum requesting people to avoid panic selling but some will just ignore and do it and some of then cannot control emotions when they see the value of crypto falling beyond the limit. We need to learn from the past as panic selling has always been disastrous decision for ourself as well as the community.

Agree to this one which not all selling is a panic sell yet we havent consider to those who do just sell where they do only need some funds for the current situation.
Holders will really treat these kind of situation or instances to be a big challenge in terms of their beliefs towards crypto.It isnt actually easy to resist emotional
aspect specially on dealing with volatility.

You cant really avoid not to think on selling all and would switch up into markets that do give out possible opportunity that it can give but well we do know on
what are the opportunities that we can benefit out in crypto space.

I guess it's too early for that. There are still a lot of convenient method of paying such as debit and credit cards, and other cashless transactions. Bitcoin still needs to develop the speed of transaction process. It still needs to develop an instant transfer (more than the Lightning network) regardless of how big or small the amount is. Same goes to other cryptocurrency, which also needs more adaption.
Nevertheless, Bitcoin will become one of the convenient paying method in the near future.

Also, one other reason people are still considering is the transaction fee involved aside from the speed of transaction. If lightning network will penetrate the mainstream, that would be great. I don't understand why up until now, LN is not gaining attraction to merchants. the tx is very minimal as compared to regular bitcoin transaction. I hope LN will find its way in the market and gain more adoption because of its edge in tx fee and speed.

The most important thing is about self-awareness and have a consideration on the investments that have been made, because when we already have awareness and good consideration then when there is a big decline at least we will be able to control ourselves so that panic selling will be easily avoided. When the market turns red we should get out immediately and let that phase pass without you having to worry, staying in the market when it turns red will basically make you panic selling or even buy more and it all depends on your own mentality about skills and knowledge which is owned.

This kind of effect mentioned above is not new, its acknowledged that deleveraging is part of the economic effect and cycle that every country goes through.    The difference for Bitcoin is that its global not centralised in any one country, language or religion bias in some way.     That multi faceted approach and an unbiased outlook set schedule should be a known quality and strength of some kind.
   The Federal reserves is desperate to avoid this contraction and natural opposite that results in selling and lower prices generally, they have built a system of large amounts of debts that cannot continue in a deflation enviroment rather then the now normal inflation yearly loss in currency we are used to.   Its very likely they continue that policy until its completely unable to do anything at all, until the gear loses all its cogs.  I imagine we do not see deflation just yet because it probably also means dollars are replaced by another standard perhaps IMF governed.

We can't blame others to sell their bitcoin at its current price nor to stop them either because they have the reason also that makes them decide.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.

I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.

+1. I also have this kind of thoughts on my mind;
Some people, they put their savings on Bitcoin, while these days, the coronavirus (covid19) outbreak, some people got no more jobs, lot of businesses got affected and in short, money coming in is extremely affected and for sure, there are some people using or already used their Bitcoins to cash out to fiat and use for their daily lives these days, buy foods and everything that the family needs. They have different reasons for sure.

Actually that happen these days plus the fact that the price of bitcoins is crashing people will get another panic to sell their crypto's for fiat to secure the last money they have for the calamity, And this a huge burden since it really affect all no matter what you stand on the society and lets pray that this disease will end up soon.

Maybe that is the reason why the crypto market has crashing in the few weeks ago. People who don't have a lot of bitcoin sell their bitcoin while they can see a good price to sell, and that push the price to go down and finally, the price still going down. People needs to buy food while they isolate themselves in their home and lucky for people who already sell their bitcoin because they can have money to buy their daily needs. That makes other people who don't worry with their money become panic when they see the price is going down so they follow to sell their bitcoin.

I could say that I wasn't in panic selling but I have to sell it now no matter how its cost because I need it.
The market is in trouble and we are affected by this. Holding meant nothing for some of us and most probably they sell it already when the price drop at $4k. It is quite to say that people are now looking for a way to save their lives rather than dying of holding their coins. At these hard times, you can't either think about holding cause it won't save you especially when you have no salary expected to arrive instead, selling it could help.

Reading posts about the pandemic, I think people would really be forced to sell their Bitcoins.

Not because they wanted it but because they needed it. A lot of countries are affected by this pandemic especially the citizen of these countries. They can't just keep on holding if that person and his family is starving right? What they need right now is fiat to buy things they needed, they need food to sustain themselves for weeks and weeks of quarantine.

We have some sort of bottleneck situation that can't be resolved until there are not many people who are willing to sell at the current price. We go up, it gets stuck at a resistance level, people start selling we go down, we go up it gets stuck in re... well you get it, there is really no way out of this until we get rid of all the sellers and unfortunately a lot of them are traders who sell at the top and buy at the bottom so they will never run out of money to sell.

I don't know what we can do, I don't know what the solution is, I just know about the problem and knowing the problem is one half of the deal but having a solution is much much more important. What do you guys think? How can we slow down the traders enough to go beyond $8k before they start selling again?

needs are always an excuse. because it's a pandemic or not, I think people will still sell their assets when they need them. it's just that, the current conditions make people's needs increase, and almost all investors sell their assets to meet their needs. Well, this is not panic, it's just the urge to make people sell their assets. if this is caused by panic, I think the price of bitcoin can decrease to $ 3000. but, the reality is not.

actually thats what i said already and completely mentioned all what you said in my post lol.
and in the end?they are mostly regrets their decisions though in this pandemic everything is tolerable and it is normal to panic when you have no foods on the table to eat and your Grocery stocks are starting to vanish.

At the time of the pandemic certainly the need must increase because they do not work and continue to be at home so their investment money is forced to sell assets to finance their daily needs, but I think the panic will not exist because of the seen movement of bitcoin continues to increase so I think bitcoin will continue recovering from seeing crypto market conditions like this so whatever happens in the future bitcoin will be the best choice.

IGNORANT, SIMPLISTIC, thinking   :P :P :P :P

Some people are selling because they need the money now. 
Some people are selling because they are panicked.
Some people are selling because they are rational investors, making a rational choice to get out at these prices, as they think prices will go lower in the future. 

There are a LOT of reasons people sell, trying to excuse it all for one reason is just dumb.

From what I can gather and explain, here is what most likely happened that made bitcoin pretty much crash to $3350 or so back in Mid March. The coronavirus was finally taking a toll on the markets, and BTC seems to be correlating with stock indicies. That week there was a huge dump in many global markets and bitcoin followed. Then bitcoin kept going lower and lower most likely because BTC was at a profit for most investors but their stock positions were at a loss, hence they sold to make up for it. It led to more selling and eventually the long liquidations started.

Bitmex is the largest exchange and provides most of the liquidity for many of the traders. However BTC in Feb was over $10K and many were assuming it would hit a new ATH since the halving was approaching, hence they opened leverage positions and when it broke the $7500 area there was nothing but long liqudations after long liquidations and pretty much there was a $1 billion of long liquidations and no bidders, hence the exchange went down and as a result it saved BTC from going to $0.

There's no way Bitmex liquidations could ever bring BTC to $0, or anywhere close to it:


When Bitmex went down, the perpetual swap market was already a few hundred bucks below spot price. If it kept going, it would have just diverged more and more from spot prices. There wasn't that much open interest left on Bitmex after the crash anyway.

We shouldn't sell the coin on the basis of panic because everybody has their own requirement until their desired target is reached. Panic selling makes us lose the value of the coins and it is not good for us, we need to wait for the market recovery. Panic selling will not help you to make money so it is best to avoid this type of selling.

As far as the elites can still keep us in fear and greed there is no way we would not see big sell off when they have decided to manipulate the financial market for their advantage. Panic sellers will always lose money but people must panic and will panic especially if their life saving is involved.

but what if you are starting to Starve?for sure you will Sell all the Bitcoins in your hands right?

that exactly the point,Manipulators are making this panic more active so people will sell and the price will fall to favor their target bagging another money from the poor investors.

The " elites " , real money from central banks, countries, and institutional money is NOT, NOT, NOT invested in BitCoin.   They are buying all the Gold they can get...  That should be enough to clue some people in.

Hard Facts

I think what we do is to adopt patient strategy this period. To hodl now is a good business plan because the market will soon open up. If the virus period is over, we expect pumping price and volatility because investment will start growing.

Then I hope this will gonna do knowing that many people are still selling at this time just to have money.
Though they want to hold but the situation might push them to do this. We are in the crisis either we like it or not, many were still be losing their confidence towards crypto if the situation get worsen.

That is why we can't blame people to sell their coins because they are in big trouble. Even me, I have to sell some just to have reserved when the situation gets worsens. Though we could see that we are plunging up at  $6.8k but it gives no assurance that the momentum will continue. It only gives us confidence if the pandemic is over. But as of this time, we have nothing to sure about what is the incoming...better to be prepared for it.

You are the one being ignorant here.

That is the reason I added those words "Reading posts about the pandemic", right there since I am basically focussing on those people that are affected by the pandemic. Isn't those people that can't even understand other people perspective are the ignorant and dumb ones? Coming from you?

It is really hard to avoid panicking especially if we have a certain coin in our portfolio then its prices decline so bad. Controlling our emotions is really hard, I also having a hard time for me to set aside my emotions when I do trading but for me I can do it because I know do training in order for me to not panic anymore.

At the moment just before they went down, there was almost no bids in the orderbooks all the way down to $0. And they had almost $1000 million of long liquidations to clear. Those $10M ask walls kept appearing over and over again and nobody wanted to take them. If it wasn't for the downtime, it eventually would of went to $0 on Bitmex perps and their futures.

Would it go to $0 on other exchanges? No idea. It depends what rules the market makers and arbitragers would play by, I am assuming most were out of the market by then and others just simply turned off their algos due to hectic trading action. So maybe it wouldnt go to $0 on those exchanges but the spread would be like $2000-$3000 difference between the 2.

It truly was a very scary moment in trading history, basically what happened when the Swiss Franc removed that EURCHF hedge about 7 years ago.

that is the reality. it's just that selling in a panic is the worst decision. because when the price dumps hard, there will be price reflections that might fix a little of your asset number. however, I support the question of not selling in a panic. most people who sell in a panic will regret it when prices recover.

VERY GOOD ADVICE !!!!

You should trade BitCoin based on facts, not emotions.   The biggest problem here is that people are so in love with the IDEA of BitCoin, that they will likely HODL onto their BitCoins when the financial indicators say it is time to sell  :o :o :o

Hard Facts

Emotion is really a hard thing to be controlled specially when you are seeing on whats around you.Everything is in panic,right?
Its impossible for you not to make any reactions or doesnt think of for you to sell due to plummeting market plus you do need to have
money into these days so it isnt surprising that panic sell do happen from time to time and for those people who do took or bought
the dip will really benefit but i doubt that it would be a few of them.

It is usual for people to react according to emotions - that's what we got them for - that's a hard fact.
If someone is fascinated by something and loves it, just like Bitcoin lovers, why would they sell it if they believe that cryptocurrencies are the future?!
I'm afraid your hard facts have nothing to do with reality and the freedom of choice for every human.

When it comes to the fact that selling during panic is not a good decision, it is obvious and if we do not have investment priorities set (before we invest), we should not invest on high risk market.

Who cares? That's a problem for Bitmex, their insurance fund, and Bitmex traders who would get their positions de-leveraged. It doesn't magically make BTC appear on real exchanges to sell prices down.

When push comes to shove, the price of Bitmex derivatives are completely fake, just held up by leverage.


You're talking like BTC can be naked shorted on spot exchanges. :D

If their algos were tied to Bitmex, they just would have run out of BTC to sell. There isn't enough BTC in existence to eat through the global spot order book to $0, let alone when you consider the small fraction of BTC supply that actually lands on exchanges.

Though we think that is not a good idea and I believe they do this for a reason. We know how difficult the situation we have to today, a lot of people have no work and you'll be lucky enough to have Bitcoin at your wallet to sell even though the price is low. Maybe they will think that they have to sacrifice this time, this is not the time to hold and prioritize this one but have to sell this in order to survive.
The market isn't meant dying so we still have time and a chance to start over again in the future or once the outbreak is over.

The biggest obstacle of a trader is overcoming his emotions, it has a vital role for us traders and we should control it in order for us to make better decisions. It is easy to say that we should not panic but it is hard to do because it is not simply as you think. Like what happened to the market, many traders thought that they fully control their emotions but when the price of the bitcoin declined, most of them are panicking and they do not know what will they do.

The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price.

So if there is a huge dump on fake leverage, they will follow and that's why its dangerous. Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.

Until they run out of coins on spot exchanges and the algos shut down. This is why Bitmex hit the $3,500s when everyone else was in the $3,800s or $3,900s. There was not enough spot selling liquidity to keep prices in line.

This is where your whole "everyone will follow Bitmex to $0" theory breaks down. Bitmex can go to $0. Other exchanges would just ignore them.


That's not obvious at all! It's not how causation works either.

That only means long liquidations and lack of liquidity were causing Bitmex to diverge from spot exchanges. When derivatives diverge from the underlying, it's an obvious sign of problems on the derivative side. Basic logic says Bitmex XBTUSD follows spot exchanges because its underlying price is based on a spot index.

It is hard to not panic especially if you are emotionally attached to your trades. Even professional traders are having a hard time to trade without emotions. Panicking is not good and that is why we should master our own psychology. Only ourselves can help our mentality and our psychology to be improved in order to handle huge stressed that can prevent from us to do panic. We have high chance of success if we do not emotionally attached to our trades.

Sad reality  but actually that really happens since its so hard to see when our portfolio's goes down and we don't know on what will happen in future and we can see as example on what happen on december 2017 where price pump so hard and suddenly drop outs continuously on on next following months for sure many people lose a huge money for that scenario and it brings fear to the other traders this days.

Here is the thing, with Bitmex you can only withdraw once a day. So most likely the market makers did run out of coins to sell on spot exchanges and most likely shut off their algos. However what would of happened if they processed withdraws multiple times a day like most exchanges? Their algos would of been left on longer and they would of provided the missing bid liquidity and maybe prevented this crash. Maybe the issue for this is that they need multiple withdraw windows, especially for their market makers.

Also I think these days that most exchanges follow Binanace, it seems Coinbase has low volume most of the time while Binance USDT pair seems to be leading the market. Kind of like how Bitfinex was the market leader a few years back.

This is true its not easy to control our emotion thus sometimes we are making a decision based on what we feel. Panic selling is what weak traders do during price declining and without plan to follow we might really commit an unnecessary action. However we can blame the investors who sell at loss because they are in need of money given the situation now most places are put in lockdown.

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

The HALVING has already been priced into BitCoin, everyone is already well aware it is going to happen.  There will be no big price increase when the halving actually happens, it will be a non event and people will SELL BitCoin on the news when the price does not spike...

Do not worry, the price of BitCoin will crash again on the next bad economic surprise  :o :o :o  

Hard Facts

It will rise and then it will crash again.

isn't it the characteristics of cypto and in general that does not look good as the market is not stable, but the question is, why is it there are still a lot of investors here? The answer is very simple, because they like to play the market and they are making money.

Here's what's happening, while the new investors panic, the wise always buys, and when the wise sells, the new investors keeps buying.
In short they are doing the opposite of what the smart are doing, so they lose and the smart makes money.

For everyone making money on BitCoin, there is someone that is LOSING money on BitCoin, it all balances out.

YES !!!!   If you could predict the short term ups and downs in the price of BitCoin, you would make MILLIONS  ;D ;D ;D    Bit it seems pretty random to me, I can not find any way to predict it...

Hard Facts

every cryptocurrency user today expects a bitcoin halving, then in reality there is no need to risk and sell your coins if there is an opportunity in the near future to get very good profit.  Of course, there will always be ups and downs in the cryptocurrency market, especially since the halving takes place every four years and there are many opportunities to buy and sell profitably, moreover, due to the constant price fluctuations throughout each year, each investor will be able to act at his own discretion,  but not on the eve of the next halving, when prices should go up in any case.

Bitcoin will rise in future for sure. Those who have been this market and has seen fall from 20k would known that the rise is also quick and then fall is also quick . Also when it falls later on it will rise and we have seen many times it has fallen badly and later on  rose well . So panic selling will only lead to loss.

For people who have been in this market for how many years will surely have that kind of impression or views towards bitcoin.We have seen the worst and any dumps just like what happened
recently then theres nothing new with that and as you said, we cant just see a falling market like forever, there would always a recovery but i cant really blame up people on not to panic
since we are just humans after all but its part of investment risk with these kind of situations and you should really be wise and emotionless when it comes to these kind of scenarios
if you do like to succeed on this market.

Those who have many experiences in this type of market are now have guts in order to not panic, only those people are new in the market are the people who mostly panicking especially when there are crashes. Panicking can be avoided if we know what we are doing, of course if we do not have any plan; for sure that there is a doubt that we keep feeling where it can lead to panicking. It can be avoided through right knowledge and right mindset.

EVERYTHING IS DIFFERENT NOW...

Whatever happened in the past, those days are GONE...  If you expect BitCoin to behave normally in an Economic Crisis, you are delusional.   BitCoin's reaction to the crisis was not good, and I expect it might happen again at the next really bad economic news   :o :o :o

Hard Facts

Because this market is for Rise and Fall,and like you said the Prices always comes Up and down in which nothing new for us.
let those opposing have their own facts but lets see what will happen when the value Reach another Hype again.
i did remember in 2018 when the value starts to fall badly,there are so many accounts that spreading FUD but when 2019 Hype happens?their Keyboard stops typing and keeps in silence and now starting to cry again lol.

But it recovered from $3800 to $7k right? So how can you say that it reacted in a bad way?

Every traditional markets also didn't react that good, but in so far as bitcoin is concern, it had a good run after that epic March 12 flash crashes and then it move forward pushing the price above $7k. Of course if there will be a looming economic crisis, every market will react differently. It might not look good in the beginning, but chances are bitcoin will also recovered just like what we witnessed during the Covid-19 pandemic.

you are right. bitcoin has a bad effect on the current crisis, that is the fact. however, recovery also occurs when the crisis becomes more widespread, and that is also a fact. which means, there is potential that can make the price of bitcoin higher when the crisis is over. Well, the decision to sell or hold is on each of us. but, personally, I will hold back. I think that at least the price of bitcoin can reach $ 10,000 this year.

BitCoin crashed by 50 % on March 12, when the economic crisis became appearant.    THAT is how BitCoin reacted in a bad way.


The fact that you REJECT REALITY in order to fit what you WANT to believe tells me you are just stupid...  Anyone that ever listens to a fool like you is going to get a very bad result.

Hard Facts

Yes, I agree with you to wait for the condition to recover, stay patient and stay calm and don't be a panic sell.

Not all selling is PANIC SELLING.   Rational investors sometimes see that an asset is not going higher, and sell, and take profits before the price goes down.   

That is just BEING SMART.

Will bitcoin go higher, I have no idea, but to dismiss all those that sell as " panic sellers " is just plain STUIPD.

Hard Facts

Unfortunately, panic selling can't be avoided completely, there will always be some users who are afraid of loss, don't have enough patience and think thus they can save at least some of their money.
Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.

That's right, panic is indeed an enemy in ourselves that makes us unable to think clearly in making decisions. The market will be able to recover, and be patient to obtain better profits.

Yep, but that's not unavoidable. People will naturally panic in times like this. But for those who have planned to hodl, this event is just another from before. Things like will not shake them off, so you don't have to worry. That's life, some will sell and some will hodl. Even you warn them or not. This advice from you will be followed or not, balanced on both sides. Coins have two sides, and that's also applicable here.

Panic selling is unavoidable, especially during the pandemic of COVID-19 because most of us temporarily don't have any jobs and we need money to provide our everyday needs, that is why it is hard for some people to hold bitcoin and to maintain their long term investment.

I for one think that you should all sell, be afraid that bitcoin will go down, there is a huge chance that you are going to lose all your money because of it, this satoshi guy will steal all your money. Get out as quickly as possible and never look back, this bitcoin thing is a scam and its the foreigners who are doing this to make your country smaller and weaker, you should not be part of it. If you have read thus far and agree with me, please get out of the crypto market. If you read thus far and disagree with me, good, so do I.

I am a big bull on bitcoin, I just want people who have weak hands to get out so the people like me and you who love bitcoin for bitcoin and not for my profits could stay and make this into something much bigger without them.

We are not talking about  the pandemic now, the drop was due to the 50 BTC being moved today.

And the market really reacted negatively, as we are not bordering on the $8k barrier again. As for those who have sold during the pandemic, I think most of them have liquidated already. It's been more than 2 months since the pandemic scare. And for those who have cash out today because of the news? Just taking profits strategy, and I'm sure that they will buy-back when the price goes on the < $9k.

There is some natural contraction from the virus disruption but also most currencies are showing inflation from a great supply of new currency.     Its hard to call BTC especially bearish despite all this, its risen so much from the March bottom its back to where it was before any trouble so if anything its overly positive.
   We've passed through a weekly average and now trade below, that was represented in a large part of the selling today.   Its still could pull back to the 50 or 200 day average (both of which are rising now) and be reasonably intact medium term.

i wouldn't say bitcoin is back to where it was before since there is still at least $1-$2.5k left to get to where it actually was before the virus ruined the world and the markets all around the world. but it is positive even with all the drama going around.
the recent small drop was also because of the "Satoshi sold his coins" FUD that were all over the internet trying to scare newbies into panic selling.

panic in the crypto world sometimes leads to new investors or people who are afraid of losing their assets. Well, I see so many people writing negative comments when the price of bitcoin dropped from $ 9k to $ 5k in the past few months. Well, but, when they look at the current situation, it seems like they have regretted selling their assets. however, avoid panic sell when price developments are still potential.

Panic sell is normal since we do know that we are just human beings where we do normally react into things specially when we do talk
about money and we know on how valuable to us and losing a portion of it will really give out that kind of emotion or panic into ones self.
Panic selling will surely give out negative impact most of the time but there are panic sells that do benefit out or saving up your ass
from crash and i have experienced this for several times which i can say that i'd somehow thankful into those circumstances.

panic sell need not be avoided if the market situation is indeed downtrend, then all we have to do is sell it, or maybe you can hold.
but if you decide to hold, then you have to be patient if the price doesn't return to normal

Perhaps you are right and the reasons for the fall are precisely in this. In this case, it is rather sad - I would not say that these are super significant events (for a protective asset), but they very much influenced its price. At the same time, a positive event occurred - halving, but it did not have a strong impact on the price of bitcoin. Apparently the negative situation in the global economy remains the main factor for all investors in all markets.

It wasn't a large amount of coins so not important but it is not normal to see a wallet from 2009 suddenly become active so that occurrence is going to be talked about for the rest of the year maybe.    I'm always just looking at the charts and price was due to pullback, simple because it wasnt advancing and many ride the price up and get off as soon as the gains no long appear immediately.   Doesn't take anything more bearish then that to pull back the price.

this has been the biggest problem in the cryptocurrency world, people started looking at Hold as the only option they have or as the only strategy they have, I saw the case of someone who bought an altcoin for the price of 0.09 BTC and that altcoin fell for 0.03 BTC and that person keeps saying that he is holding even though he knows that this altcoin has been priced at 0.03 BTC for over two years. I also think Hold is a good option, but it is necessary to know when it is time to sell so that the losses does not become much greater and the person does not have years with false hopes that he will recover his investment.


You need to separate the love for technology and ideology that bitcoin has and bitcoin as an investment.

- Bitcoin as an investment means that you should always make decisions that increase your money because you as an investor your goal is to make a profit

- Bitcoin as something you love (technology and ideology, in ideology I'm talking about decentralization) it just encourages you to learn about the code and network, and contribute your knowledge so that the code is the best possible

If people do this, it means that they have not thought out everything well. The money that goes to invest in bitcoin (or at least anything) should be initially "buried". This is the money that will either become less or become more in the future. They can not be displayed just like that.

Rejection at weekly or positive phase marker by my reckoning, a slow pullback in price I think this is a fair take.

https://talkimg.com/images/2023/06/12/A55UP.png

If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550.  We could have some trend of selling for the meanwhile until returning to better support.

Today it looks like the price of Bitcoin will experience great volatility, maybe a dump will occur, because support is not strong at $ 8800, and this happens on weekends, hoping that $ 8500 can be the next strong support and ready to go up

This fall once again showed that everyone is ready to sell at moments notice whenever price goes down. People are afraid that bitcoin could go from 9k to 5k very easily and they are not really that wrong because it does happen time to time but the real problem here is the simple fact that if you are so willing to sell as soon as the price goes down, well it will continue to go down.

It is like a dilemma where someone things price went from 9k to 8k so it will go to 5k and they sell, when enough people thinks like that, price DOES go to 5k, but if they didn't thought like that and hodl, the price wouldn't gone down. Yet since they were technically right and it did went down (even if it is because of them) they think it will happen all the time and they end up panic selling as soon as there is a big fall.

2 years is not that long . you see btc , it does not only take 2 years for its value to grow big like what we have now but it takes many years ( 10 or  more ) so if you are sure or if you believe on the coin that you hold you can go a long way and you can also take btc as an inspiration  .   i have alts too that still have a small value and i think ive been holding them for over 2 years now but i dont care anymore  . i dont buy them at all so i still have nothing to loose  .

People are seeing the fiat money going crazy in a lot of countries due the inflation, those that are holding Bitcoin and other cryptocurrencies are trying to Hold it for long as they can.

some people have made sales because they need money. whether it's panic or not, but now it seems that selling assets is not because of panic, but because of necessity. one thing that I feel is that until now I tried to hold my assets until the price went back up.

You know sometimes is like like people sell because of panic , they can sell because of financial problem they have. You won't have a coin to raise money from to solve certain Love's issue like health and you don't sell because you want to keep it for future. Investment is for those that are alive brother.

I had a problem similar to that. Back in the day I was holding bitcoin for a long time, I sold all of my coins on 2017 peak (luckily) but I started to amass even more when it was lower so I said I will hold it as long as possible, probably even until a new all time high after that, put some aside every week.

However one day when it was still low and I was barely losing money (just a bit) I had to sell all of my coins because I came up with a big debt that I didn't intended to do. It wasn't really a nice period because I saved money for almost 1 year and at the end there was nothing I could show for it and had to sell it and when I paid the debt I was left with basically nothing. But I told myself if I didn't saved, I would still be in debt but also have no other way to pay as well so it was a bit bittersweet.

We couldn’t stop people to panic sell during this time of crises, people will be force to sell some of their assets in order to buy food necessities. We don’t even know when these lockdowns will stop, thats why as much as possible we have to save whatever we have specially food and money.

You can't stop panic selling, there will always be users who will do that, especially those with lack of experience and with low stress potential.
But there are also users who will sell because they need money or they sell regulary some amount of coins but they will not sell it at any price without a reason. However, it's hard to judge why would someone sell, everyone has different reasons and motives.
But something that might prevent panic selling is education about how it's Bitcoin functioning, about price and market but not everyone has the will for that.

Panic selling is really hard to be stopped even though you do set out a specific goal but it doesnt mean that you wont really be get affected by this
emotion.Experience is one of the factors that would control you up into this one because you do already know on how the market works and what are the possible things that might happen ahead because you already have the glimpse on what happened on the past and presume out that it would happen next time in the present or the time you do encounter in.Some panic sell can really save us for more loss but most of the time this is the main
reason why people do keeping up on chasing their loses in trading since they do sell out early.

Sounds familiar, alot of us arent as rich as we think we are.   Savings are meant to be used so you did the right thing but had the unfortunate realisation you were only covering other debts rather then making a net gain and BTC can take so long to recover you have this unfortunate timing shortfall.    Eventually all savings are used in retirement and housing and other normal costs, most people don't make a massive net gain unless they own a business that takes off perhaps but savings can at least stop us getting excessive costs from debt interest which is the worst possible outcome.

Right now BTC is going nowhere and though I'm trying to predict negatively, I think the real hope and dreams might come next year rather then this one.   That was my rough guess and we'll go up and down alot probably but overall I think we come out mostly neutral.

https://talkimg.com/images/2023/06/12/A5hI2.png

Price is sticking to a two day average like a fly on the ceiling, that is in no way negative tbh however price behaviour is not bullish imo.

Panic sell is part & parcel of crypto market. Nobody can stop them. Agreed that Crypto holders should hodl their asset for long & have patient. But if anyone sell their shares due to manage their expenses
 during this Coronavirus disease (COVID-19), then that's may okey

Global conditions are not in our control but what we can control is not to take wrong decisions based on these negative conditions. These bad economic situation is not going to last forever, so if you have bitcoin keep them save and do not sell them now. Once the things become normal, the price of bitcoin will rise beyond anyone imagination.

I believe that today there is no reason to panic, especially considering the fact that the cryptocurrency market has been in very good and stable condition for quite some time. In addition, constant forecasts about the upcoming bull run are likely to reassure users, as well as attract investors to bitcoin, which in turn should increase the price of bitcoin and then a mass sale is possible. Of course, this is all similar to information manipulation, but nevertheless, it can be useful. and you’re absolutely right about the fact that you should be wary of the period when users begin to sell in large quantities.

Ehem, yeah the cryptosphere was working fine at the moment but I just reminding you that we're all physically living in Earth where fiat is majority used.  Many countries around the globe are experiencing economic recession due to the current pandemic thus most of people need contingency funds. And I think that's enough reason to panic sell especially for those people who are not financially stable. Well, te least thing I hope is just that crypto market will not fall so hard

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell  ;D

Yeah and saying not to panic is easy but someone who has his life savings on the line and he see that his money has shrunken to half by morning anyone would be sweating and selling a part of coins to manage their portfolio and a lot of guys are doing leverage trading and they are just melted by such dips because they do not have the capital to back the pricing and the platform will liquid their coins once the price drops below the leverage value.

I think the best way to avoid panic selling is just make sure you only invest as much as you can afford loosing all in case it really gets low and then when such lows happen just make a small buy at those low prices because I have never seen a drop happening followed by continuous drops so if a drops happens there will be a hike too if even small and gradual.

 :D you can't encourage anyone who has a weaker hand for bitcoin, they can't hold for a long-term, so, they will definitely sell their holdings whenever the price of cryptocurrency experience a huge dip. Sometimes, their hands doesn't know how to hold for the raining days. If we'll hold our portfolios who else will then buy from us? And how Will someone make profit from us? It is better to have a weaker hands than none  ;D.

Absolutely right, I had sometimes when I was holding some bitcoin and there was a terrible news about the ban of  this coin in our country, we'll did panic to the market to make some profit from our holdings. This we'll did and wasn't at lose. During those days, nobody would have thought about bitcoin existence but here we are with bitcoin again. The major and serious panic sell off in the cryptocurrency market is when the indicators start showing a huge downtrend. Even the recent indicators that shows bitcoin sliding down to $7k made many to sell off some few weeks ago that brought bitcoin price down.

Dont over allocate so that it becomes an untenable position to hold, thats the simple take on being forced to sell.   When speculation levels are far too high in crypto it becomes inevitable that eventually it'll peak and decline quite harshly, its part of the history and likely future price action.   Many thought all BTC could be is to keep repeating this but it does also have a long term hold and growth narrative to the charts.
  If people are slightly more sensible in the amounts they hold and can justify it works better to buy over time not all at once and similarly any sale.

we really can't control things like that. but we can give them the awareness that when they hold a coin that is popular or has potential, they don't need to panic about it. it's just that a decrease of a few percents in a short period of time makes us make decisions without consideration. honestly, I've also done it several times. however, when I hold bitcoin or ethereum, I always control myself.

Yeah, this the best way to avoid anything panic when you are holding btc and the market is dripping down before your very eyes, it is never easy to stay calm during those period of market dump, but if you are not in need of the invested capital, then no need to panic, it is never a wise idea for someone to put their life savings in a market that is so volatile, the market can be up or down at any time, panic selling anytime that happens will have very bad impact on someones health also, hence the need to only invest amount that will not affect us much.

You can prevent yourself from panic selling if you have other savings to spend and not just relying on your crypto investment. Investors (who already know the nature of crypto) are used to see the market turning ups and down so they dont panic when the market is declining because it will bounce back again in time. If you allocate the money you can afford to lose then its not hard seeing the coin slowly losing value since you're prepared for it.

When you called Investment meaning those are the amount that you don't need for that certain time thats why you afford to let it sit in other area in which you try to make profit so why need to panicked ?
If you are  In crypto and understand what this is?panicking is the last thing you will do instead you will be happy when the value of your currency is falling because there is a chance you can buy more again.
actually being prepared is not the right word to use,instead you trust the currency you bought so instead of expecting the fall you believe it will grow more in time.

People who does get panic easily is not the place for them to hold the crypto because it is highly volatile and when a sudden fall happens many people start to panic and sell of and this creates more panic unnecessarily in the market and results in more free fall of the market. So advice to such people may at times can work as well that it is the type of market where you can expect the roller coaster ride and does not have to always do the panic selling.

Whoever sold their bitcoins due to pandemic panic selling are the people who will be regretting their actions for now.Bitcoin recovered to the original state of 10K region very soon and now it becomes very stagnant for months already.Maybe we need some kind of FOMO to spread out to increase it price again.

I can't blame people to get panic since its normal reaction for new people when seeing something strange happening with their money and I conclude that all of us came to this point and end up losing on our trade when its on order. But when those people get knowledge about how to trade then provably they can control their emotions and win.

But why do you want FOMO to increase the price? I mean the natural growth is the best form of growth unless you stack a good number of coins and want to sell them at a better price just like a lot of altcoins do, they will pump their price so people get crazy and try to buy them and that is how altcoins dump their coins to such people.

Panic selling has existed since trading and while people regret that later but there are times when people are happy too, when BTC went 4k or thereabouts a lot of people sold their coins when BTC was around 7k and dropping at speed so they sold their coins at 7k and bought again at 5k so even panic selling can be good if you are smart enough to understand the market.

expect it like that, but it seems like those who have already sold the bitcoin they have at the moment the price of bitcoin is in the $ 10k range have benefited so far. honestly, when the decline occurs, there are two types of people who will be involved in this, namely the people who panic, and also the people who use it. it's just that people who panic more than those who take advantage of the moment.

This only few people are aware of and we have many traders or investors who just buy the coins as they have seen in past how the prices have risen to 20k levels and how much quickly it can rise. So unless this people who do their research and sell that is fine , but  just based on someone told them or just because market is correcting a bit they consider that it will fall and it is bubble etc and this leads to more panic selling int he market leading to a much bigger fall in the price.

Selling and buying are the only thing we will do when investing or short term trading, and it should be done at the right timing in order to benefit on your action. Participating in panic selling or panic is always not a good idea, the word "PANIC" makes it negative.

When you panic, you are not thinking clear, and it's not what we need here, we need some consistently and proper decision making.

The reason why there are short term traders who are getting panicked whenever they execute their trade because of lack of planned. They just entering in a trade without cut loss, without target profit or trailing stops. A plan is vital whenever we trade because losses are inevitable. If we can properly make a plan,  we can handle different scenarios and we can avoid panicking. When we panic, our decisions are not clear enough and it can lead to make wrong and bad decisions.

If we will always look for what happens in 2017 then for sure nothing good will come in our present investing because we will always look for Big profit and won't be contented in smaller income.
never be a fool to just listen to anybody here because this is our money and no one will care about this but Us only.

Panic selling is not "checking the right indicators and if it looks like it is going down further you get to keep going down even more", no that is actually smart decision making that is calculated in order to make a profit. We are talking about "panic" selling which is when people are selling without taking a look at anything and selling only because they saw the price going down and they got afraid and scared and that is why they sold all of their coins.

Hence, why the word "panic" because when you are in panic you do not consider all those stuff, you just get scared and you end up selling it without thinking about it twice. That is all I was thinking, nothing more and I wouldn't really think about the people who are making calculated and smart decisions when talking about selling.

But I don't think to sell your investments because you are panicking is a good thing.

If you will be selling, I hope that people are doing it with a plan or as a strategy to earn a profit. When you say panic, it is a feeling of a strong fear that makes you do things avoiding what will happen not thinking straight that it might not happen. There are a lot of signs we can look to in able to reduce the risk but still, be patient.

Panic sales are often the strategy that whales consider, which is why many people will remain weak, news is often the cause of mass sales.

In investment, you must have enough security to resist changes or strong market movements, it does not matter if the investment falls by -10% or even -20%, the important thing is to have the conviction of the initial analysis. In the case of Bitcoin, it is the safe investment in the market.

Emotions are a big part of trading world, that is why it is important to keep your emotions under control but when it is too much there is really not much you can do about it and just sell. I know that saying " do not panic sell" is easy, but when it comes to actually panic selling I would understand everyone, it is not an easy thing to not do when we are talking about emotions because in everyday regular life we fail with our emotions as well.

We get angry when we shouldn't, we get upset when we shouldn't, there is a common cliché about trying to not laugh at a funeral for example. That is why I think not being able to control your emotions is not that weird and acceptable. Why would you have hard time controlling it in all other aspects of your life but would be easily do it in trading?

Panic is a noun and also an adjective that has intrinsic regardless of its function in a phrase the lack of control, so do not base your actions on information from third parties, look for your own information and trust yourself.

Well, some who are in panic sell is in need of cash during this pandemic and some are newbies in crypto avoiding losing more. This is the mistake of panic selling they let their emotions drive in trading. Good to read some inputs from other traders on how to control their emotions and avoid this panic sell.

The pandemic affects more investors financially, those who are in need are now cashing out without looking if they're losing
their money, they are in need and whatever it takes they will proceed, while in some
point, there are also traders who are trying to limit their losses by influence of emotions
they are cutting out.


This is very important to learned while you are travelling to this journey of trading, avoid being moved by your emotions
best to read more and keep learning from others success, practice and keep
yourself aware with every sentiments that might affect your trading position.

   There's no panic sell in my dictionary, because I don't sell, I just accumulate. It's not difficult OrangeII when you have a plan
and when you stick to that plan! It's hard in the beginning, but when you get use to it, you always do the same, you don't think
too much, you just follow! It's how you build your character, work on that and you will see results after some time.

It is good to accumulate as much possible, but everyone can't practice the same. It requires the capable financial strength, and most cryptocurrency users have the same thinking. Right now it isn't the time for panic selling as the market is stable without large fluctuations. Maybe soon there'll a price increase or a fall during which we can experience more panic sell happening in the market.

It is very difficult for many cryptocurrency users to stay afloat today. A significant part have invested their savings in cryptocurrency for a long time, and it is impossible not to worry too much about the state of the market today. but most ordinary investors invested their funds in order to make a profit in the shortest possible time, and therefore it will be very difficult for them to keep from selling, especially if today bitcoin has reached $ 9,500, because they have been waiting for this for so long. But my opinion remains the same, no sales and no panic.

The ones who are fairly new in the market and do anticipate that within short time they would end up making good amount of money generally are the ones who start creating more noise in the market during a little correction and they get worried and start getting into panic mode. This results in more selling pressure and fall is inevitable in such situation which lead to more chaos in the market.

What I do not understand is the fact that in every investment guide book you see that during the worst of the moments the prices go down so you buy stuff cheaper. This is not just crypto, it works in stock markets, it works in gold, it works in basically anything that is an investment, buy a house during the worst moments of pandemic and you will get it 30% cheaper for sure and you can haggle even further down because people would be afraid and market would be horrible.

So, I would say that people should have been smart during the pandemic and all buy instead of sell, because investments will get back, what is it to bitcoin if there is a pandemic? Bitcoin is still bitcoin and nothing changed for it, look at other nations they are printing money and losing value in fiat while bitcoin is still strong. It should have gone up during that period instead of going down.

Bitcoin is starting to rise again. Panic sell can be harmful on this green market. For more benefit we should hold our bitcoin strongly. Then we will be able to generate good profit because bitcoin will reach a big price among this time.

Panic results from excess emotion and lack of information, it can happen to any of us.   Good idea is to write down your objectives reasonable and boundaries to price.    Once we can shade in the chart to give some definition and project possible outcomes it can become information which helps us avoid silly sells or missing a reasonable time to buy.     Just the simple writing down helps over just turning it over in your head I think, I watch price in that way even if no active trade and try improve my aim basically.

Hold it for less I think it will be better and seeing the movement of bitcoin in the market is good enough like this pump will continue and will not crash in the near future so I think it is a wise decision as long as it is still maintained for a better profit for you .

But still we have to look at the analysis so that at least we can anticipate if a crash occurs because the bitcoin market cannot be fully predicted.

Quite a lot of statements by analysts from the investment holding company Fidelity Investments have appeared on the network, where it is said that as of June 2020, there are already quite a large number of cryptocurrency owners among institutional investors. Thus, this speaks of the infusion of large funds into the cryptocurrency market, which in any case will have a productive effect on the most rated cryptocurrencies. Therefore, we can only expect a positive development of events.

I try to avoid panic sell every time the market drops.
However, this strategy haven't helped me a lot recently.
The price keeps dropping if it drops once and there is small possibility to grow again, at least in the near future.

In trading platform number of investors are available in the market so beginners are trying to panic sell in cryptocurrency because sudden drop is change the mindset. But we know we can fix our convinient transaction for each investment. The current market is good to invest in Bitcoin and altcoins so if we know we make good profit.

Panic sell happens when there is continued increase in the price. Right now we aren't experiencing any such kind of market growth. There is regular growth, and similar to the growth there is downward price fluctuation. So, the chances for panic sell is low by this time. Right now people don't have much to buy/invest. At the moment the key focus is found over trading.

Lack of self confidence why there are traders who keep panicking while trading. There is lack of confidence because they are always thinking what if they lose their hard earned money. Proper risk management and proper planning can help us to be confident in all times when we are executing our trades. We can avoid oanic selling if we created a plan in different scenarios. As long as we experience panic in trading, expect that you will lose a lot of money there.

   When the price drops I try to find some cash to invest more, every dip is a good buying opportunity, and I would
love to have enough money to buy every dip! I don't agree with you Naida_BR about small possibility for the price
to recover after hard drop, that depends on the project you chose to invest, their team and are they able to handle
hard times and continue working and developing. If you made a choice don't quit supporting the project with first hard
period, have faith in those times and you will be rewarded if you chose good!

There is no dump right now so no one is going to panic sell right now and small drops and hikes are part of the bitcoin life since it came into existence so anyone who panics at $100 change shall not ever try trading or investing bitcoins.

I think the main reason behind panic selling is the news in the market tend to be so negative because a few months back when we had rough time with the prices and I tried to google why the price is going down so much, I can tell you there was so much negativity in the market and some articles even suggested that it was the end of bitcoin's bubble. Investors read such articles and feel hopeless.

I feel that now people are just panicking buying, not panicking sell. it is seen when there is an increase in prices at this time. however, right now most people's prices are holding back and buying assets because it looks like prices will recover soon. I feel at the end of this year.

Selling panic because it is based on lack of knowledge about the market and hearing bad information or news about the market that causes panic and selling it without searching for the truth.
but for now we are
in the face of a pandemic most people sell it out of necessity due to difficulties in making money and limitations with government regulations that make it difficult to make a living because they have to be at home during a pandemic, for example I during my pandemic my work was stopped without pay until everything returned to normal and there was no choice because I have to sell it in stages to meet the needs of my family and me without thinking about the market situation and in my opinion there are many people there who experience it like me and that is a choice.  :'(

Bit of a sell occurring now but just feel like I'm missing out on price action as it moves too far in both directions with volatility I think.   

https://talkimg.com/images/2023/06/12/AoLMI.png

Here BTC registers its low in the last hour on a weekly average.   I this is a dress rehearsal , its liable to repeat and I'll look with more interest in 24hr how its proceeded involving main market opening, etc.    As far as panic, its not the time to jump as the market itself doesn't know what it wants imo

Panic sell can't bear a good result. There are a lot of people still now who are not familiar with crypto currency well. If they have something to sell, they sell it quickly for avoiding risk but it creates worse situation.

Panic is bad for everything. For panic selling, you must not get good profit. Those person who have not enough knowledge about crypto currency, they sell by getting panicked. In my opinion avoid panic sell and gather enough knowledge about crypto currency.

panic will clearly influence decisions that could backfire because decisions taken in panic situations will always be worse than the good ones. not all decisions and actions in a panic situation can produce actions that lead to positivity.

It is not recommended that in a panic situation we take any action that will backfire for decisions that occur in a panic situation. because with panic sitasui, our way of thinking is no longer rational and will tend to make mistakes that cannot be controlled properly.

still at all times can control yourself by getting used to all actions need to be understood well before finally making a decision to take further action.

These increases will definitely lead into a panic sell, there is no way that it will not happen, we are talking about an increase so much that the support levels are looking distant right now and if they are not defended properly that means price could go down very very fast and meanwhile not only panic sellers will come but the stop losses that people have will be triggered as well so the price will drop very fast if someone wants to. That is what people who short bitcoin does, they just put all their money into selling bitcoin all at once, they do make a profit because they do not have to do it all by themselves, they do it for a small amount first, like a 3-4% drop, rest is taken care of by the people who are doing the panic selling and stop loss triggers that get activated.

Panic will always be provoked, whether it be a fall in the cryptocurrency market or a rise in cryptocurrency prices, because everyone wants to earn more, but no one wants to lose a cent. It is a shame that such panic is negatively affecting the cryptocurrency market through other cryptocurrency users.

If you have discipline, for sure that you can avoid panic selling. We should remember that trading is a set of rules, if we do not have rules expect that we can do FOMO and also panic selling. I avoid panic selling by following the rules that I implemented to myself. For example I have a rule that I should only have 4 trades a day, I cannot exceed on that number because I can consider it as over trading and it can affect my trading performance. If we know what we are doing, then we can avoid panic selling.

Panic sell often happens with the low volume traders who are into trading. Even if we try, it is quite hard to avoid panic selling. With yesterday's growth of ethereum I encountered the panic selling moment. I sold the ethereum at $385, thinking the price fall happening from the price around $400. Thinking of the price drop I sold it, and from that point it started to grow reaching $440.

Panic sell can't bear a good result for crypto market. If we think about a green crypto market, we should avoid panic sell. Panic sell affects on the price directly.

Panic selling is only for the weak hands, i know the pandemic made some holders weak because they need money preparing for the lockdown. And some use that moment to buy so much coin and now they get huge profit because of it. The pandemic give good effects to the crypto market.

Market is very buoyant at present, a slight dip on Thursday below the 2 day average and happily skipping along upwards ever since.   Similar for the weekly averages is quite positive movement at the moment.

https://talkimg.com/images/2023/06/12/AoQGf.png

So theres positive movement into a steady line or resistance to the highest prices, this could mean we resolve this next week.   Either we fall below this positive momentum or break upwards but so far nothing especially negative in character.

It is a negative thing to start with.

Those people are actually not panic selling, especially at this time since they are used to these movements that are happening. HODLing is the best for now, if people bought at the dip the last month they are looking at a lot of good profits since then. Patience is really needed in this market, right now we should not panic sell, keep on holding. It will surprise us again.

And those who have money in savings and in banks will panic buy and will take this opputuinty.
I am pretty sure that no one will hear you because everyone is in need of money during this pandemic.

TEX-LXRY

HODL can be a good strategy right now because the price is still consolidating inside the area of value. The price is trailing at 20 Moving average which is considered as short term dynamic support. There are 2 times where the price hitted the 20 MA and luckily it support and it is the reason why there is 2 huge wick. By analyzing the last 4 candles, you can see that the candles do not hitting the current support which means that there is a momentum where anytime the price may reach the $12,000 again. It is already 2 times where the price try to stay above $12k but that two times failed. I'm sure that the price will also try to surpass it and maybe this time the breakout will become successful.

Panic is very harmful for crypto world. We can control the price if we wish. For this, we should avoid panic sell as possible for us.

I dont think panic sell as such, that suggests a sell of all but profit taking is reasonable when we show weakness after many rises.    We're losing weekly average which then brings us to daily considerations and we'll move within that range and perhaps also find weakness or just repeat action.

https://talkimg.com/images/2023/06/12/AoZLG.png

Looking at previous action in relation to 50 day average, we can just go sideways at about 11k or so until time evens us out and we resolve through time not price alone, this would be not much of a sell from here.

Primary mistake of majority on where they do easily get panicked when they do see these red candles.They do expect that the price would continue to rise without even considering
for some corrections.This recent price drop was just indeed a sell-off and its normal for market to have these decrease.

Good thing that it did able to sustain or hold up on 11,700+ price point but it can really go much deeper but it seems we are moving sideways atm and we might able
to see 12k price soon or even breaking 13k if we would able to see the same price movement behavior on previous weeks.

I think what you think with a value in the range of $ 12k- $ 13K will soon be possible because it has broken through $ 12K several times but the momentum is not visible yet so it looks like it should go down again. but there is no need to worry, let alone panic, because the opportunity to change on an increasing path will happen again and continue to move better.

This is not only useful during this pandemic but always. Whenever market is making correction, just hold and don't sl cheap.

Overall if seen that those who had sold due to panic situation have being on a loss side as at times markets have recovered very well and moved very quickly after the fall so in such situations they ended selling int he loss and also they missed that growth opportunity which they would have gained it if had continue to hold it. So it is really big loss for them.

People who dumped their coins last March when the market is crashing have something to be sorry now they have to buy coins they dumped at a much higher price, these are unbelievers and weak hands Bitcoin has proven itself over the years that it can stand on it's own even in the worst scenario and the latest one and probably the hardest is this pandemic.

It is easy for you to say because it seems that you are not really into investing but if if indeed?you may know the meaning of panicking if the coins in your wallet is dropping hardly then you may decide what to do.
Lol people need Money to be spend in this pandemic and the safest way is to Use online money like Crypto thats why people are now withdrawing to use in this moment.

Well old investors are already used to this kind of situation thats why they are calm and not panicking in times the market is down. Its because they are aware that this is a normal scenario and should not become a big deal since the market is high volatile and can change unexpectedly. If you have knowledge about crypto investment and chose a good coin to invest in, then be confident and hold. Dont panic when the prices are going down its not permanent, just give time to recover and have patience. This is what investors should always keep in mind.

it is true, that in crypto anything can happen and the panic that will only make each step taken will become a new problem. It is normal for something to go down for sure will happen, but it must be remembered that if the time has to go up then nothing will be able to avoid it and it will happen. I agree that it is not worth fearing in such a thing.

There were bitcoin holders that have to do it and sold some from their bitcoin holdings to sustain themselves. Not every bitcoin holder has other sources of living which will allow them not to spend their bitcoin. But for those who were employed and was affected by the lockdowns.

They have to resort with the solution of selling even if they don't like it.

At this time, Covid-19 isn't so much effective anymore. I think now People are able to manage their daily expense without selling their holding asset like bitcoins. Cause almost every government allow them to lead normal life before Covid-19. Maybe that is why, panic sell is get reduced and bitcoin start increasing. Those are genius who bought bitcoin at the cheap price from panic seller and still hold the amount

it seems that people have lost confidence in themselves and the abilities they should continue to have, in a situation like a lockdown it is necessary to have patience and think carefully, because what can be done because of haste and excessive fear will only make him lose himself.

However, we cannot blame ourselves, because in a situation like this, the role of the government should continue because the public needs continuous information so that excessive panic does not arise. we have to understand that.

I hope times like this can quickly pass and everything can run normally again and self-confidence can rise again

There's no panic sell anymore, it only happen when there is a FUD but even if we are in pandemic right now, we are still surviving and that is a good thing to see. Even some stocks are starting to recover, and bitcoin is very much stable reaching $12,000 again today, so there seems to be no sign of panic here.

we can't blame them because they predicted that Pandemic will Hurt the market so they need to panic sell while the price is high.
and Then buy back again when the Bottom reached.
this is not actually panic selling but instead strategy to Buy low and sell high,words that we are commonly reading from all advises here.

precisely the right strategy that has been implemented in rapidly changing circumstances is the right one for short-term investing. when it goes up and feels appropriate to sell do it immediately and when it goes down do the opposite to buy.

Currently, bitcoin has experienced several times going down and rising rapidly, seen when $ 12K has happened but bitcoin is still falling back to $ 10K and seems to be the current trend.
So keep the spirit to uncover unusual things to get quick profits.

I guess somehow there's a quite number of bitcoin holders that have recovered a bit from this pandemic. After most of those months when people were in lockdowns, a sign of recovery from the economy is seen a little by little.

And it's actually a good time for them to start buying again, price was lower and corrected.

Well, we can't blame them they probably sell because they need cash and there's nothing we can do about it, they need it so badly in order to survive. Not gonna lie selling now was totally bad idea, but if you need it then don't hesitate to use it, you keep earning for your family and for your own sake anyway. But if a person who only just sells just because you've panic then that is totally wrong.


Gladly, there are still a lot of people who know the drill when markets plummet. It seems it will take time for Bitcoin to hover over $10k so take this opportunity to buy and accumulate more coins then just HOLD it until the bull market comes.

There are always two sides to a deal, so the one who was buying at that time is now happy, even taking into account the fall.
By the way, I sold my BTC at the price level of 12,300 and now I'm in serious thought - I need to understand at what level to make a buyback. It seems to me still early, the fall should occur to levels well below 10k.

But, at least you sell at the right time but I'm not sure this decline will continue until far below the 10k level or you may have your own target to buy back at a certain level, because maybe you have another analysis that maybe this fall in price will hit 7k and that's possible. I personally am not really sure that there will be a major correction at the end of this third quarter period, because with the market still recovering it is likely that the price will continue to fluctuate in the 10k range until the close of this quarter.

You are right, there are many opportunities, which is why I am worried (I want to fix the profit by making a buyback, but I do not want to lose profit from a possible further downward movement). I've heard the opinion that the current fall is preparation for a big rise (I mean the stock market) that will be shown to voters before the very presidential elections. Therefore, there is a possibility that the bottom has already been or it is somewhere nearby and it is time to return to the BTC.

Of course panic sell is very harmful even it could destroy whole crypto world. but Sometimes people don't have any other option without selling their asset, for example during Covid-19 condition. there are many holder who were unwilling to sell their assets but they had to done that because of Covid-19. But new investor shouldn't be panic, rather they need confidence & courage for face any bad situation

That is why it is better to hold Bitcoin for a long time.

There are a lot of changes every day and if you can't hold your emotions, you will grow paranoid about it. Trust the process as you can all see the price chart making progressions through time.

But not all would really have the patience on waiting for that long before they would able to materialized their profits thats why some of them will just decide to deal with it on active manner

which i cant really blame them yet i had the same feeling too where i cant really just sit and watch the volatility and wait up for years just for me to sell out for some hundreds of bucks or thousands of profits

depending on the price of it on that particular time.I do have the mindset that i wont need to be that idle for too long if i can achieve it through active trades, even though it is riskier but it would be more

worth for the risk if you do know that it can give out chances for you to earn more compared if you do just simply held of your coins in a long term prospect.Well its a matter of choice though!

The covid-19 situation is indeed needed, especially to sell assets due to urgent conditions or other needs, therefore panic selling will always occur if there is bad news, therefore investors always do not have confidence in the assets they hold because it is clear this is the case.  It's commonplace but only takes a long time to get up when the dump is bad.

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

Why we need to hold when there are need to sustain for daily expenses ?but as long as we can afford to keep the currencies i think better do it because we are in near bullrun guys,we can see the changes in market and the value of bitcoin remains strong in 5 digits level.
No one says we need to hold in Infinite time because that is stupidity to believe,we need to have a certain period of time or value in which we will dispose all our holdings.

My personal reason for being here is to help or solve my financial problems, so if I really need it and there is no other choice there is no harm in selling the coins I have.
and most importantly, only selling as necessary to solve financial problems and not selling completely, so it all depends on the individual's finances and not the problem of rising or falling markets due to circumstances that compel selling them.

Among the thing that makes a good trader is the ability to have patient and not FOMO in and out thereby buying high and selling low.

A part of capital is okay for selling but it is not a wiser decision to sell all the amount at the dip price. I personally against panic sell strongly. We should wait some more time to sell our valuable asset.

One of the greatest strategies of the whales is to cause panic in people and those weak hands make them sell, the covid-19 was a fundamental that affected the emotions even in the Strong Hands themselves, not only for Bitcoin, but also for speculative markets of gold, forex and others.

The recovery of the markets was evidenced in bitcoin, many have seen in their countries the ravages of the pandemic, unemployment, needs, food panic, and this is still in force, I think that bitcoin has recovered and will continue to recover more and more.

With the same case, there's also some emergencies that we needed to consider, people who suffered  with big losses are those who are not prepared with market conditions.

And  like what you have said, panic sells with profits is better you just need to have a good concrete plans to book your benefits.

---

Skills that needed to be developed along the way to prevent losing your investments,.

And those were patient and kept it are now looking to $11,400.

This is surprises and excites me although this isn't new, anyone who has the idea what's with the surge recently?

bitcoin has gone up a few times, bouncing past $ 12K, but eventually dropping to its already subscribed $ 9K- $ 10K figure. This incident is very beneficial if someone is indeed pursuing short-term investment, then he will make several profits. Until now, I believe that with time there is still a possibility that this incident will happen again.

now it remains how one can refrain from panicking when going down and not lusting when going up, being able to organize himself so that what will be done is right on target. because short-term investments can still happen again.

We don't need to avoid panic selling, what we have to avoid is not keeping our emotional condition when trading,
panic selling can be done with a note of bearish market conditions, like when the pandemic was announced,
of course if you follow people to sell at $ 9000 in February , then you can get $ 4000 in March

I don't also like hodling coins for that long. You can hodl it for years while a trader on same coin can have 10 times profit on the trade you hodling the coin. In the cryptocurrency , the traders have more profit, this is not panic sell but good business sense.

When a hodler is pushed to the wall without any alternative means of survival the last option is to panic sell this scenario of selling is absolutely unavoidable however if there is fewer panic seller in the market the dumping  that foloow-suit wouldn't have any huge impact on the price of the coin.
Despite the fact that this pandemic is ravaging the world at the moment there isn't any panic selling again after the first dumped in price in March, while the prices of cryptos rallied up now.

COVID-19 - weakens economies almost all over the world. Similarly, the crypto market is affected by Covid 19. But it turned out it didn’t last long. Positive confidence in bitcoin makes the market recover and the rise in the price of bitcoin is quite good because. Demand is quite increasing at the moment. Bitcoin is up 1.09% in the last 24 hours.

It depends on the coin. Some of the cryptocurrencies are not suitable for long-term holding. You need to get rid of them, when the opportunity comes. On the other hand, there can be some coins which are having very good future potential. They may give you 100x or 200x returns in the distant future. If you dump them for small profit, then you may regret your decision after a few years.

Because of panic, the rich become even richer! By the way, it is the whales and big players make panic and force people to sell their assets... This is called redistribution! Then they sell their stocks/coins/tokens at higher prices... Then the cycle repeats! ;)

panic selling can sometimes help us make decisions, it is true, avoiding panic selling is also important to maintain emotions when trading,
but if you fight the trend and don't follow panic selling then you will lose your money and maybe you will hold the altcoin for a long time. ,
and make sure you follow panic sell at the right time and maybe its better dont avoid!

Most of the guys who suffered during the pandemic was the poor, and not the rich. Once cryptocurrency served to be the investment asset for poor and the middle class people. Later scenario changed, as the market value of bitcoin started to grow. This is where the pandemic buying and selling began making opportunity for the whales to benefit and manipulate the market.

Op has termed not to sell during the pandemic. Now we have crossed months and now almost 80% of the things have begun to function normally. Now too there is more chance of panic selling as the price has slowly gone above $13k.

YES, BitCorn has gone up a huge amount !!!!

I would not be " Panic Selling ",  but I sure would be wondering if it is time to take profits now that BitCorn is so high.   

Will it go higher, or crash down with the Stock market.  BitCorn has been following the stock market pretty well this year   :o :o :o

Seems like you are lost mate.  :D

What in the world, Bitcorn is?

https://i.imgur.com/S8UOK73.jpg

 Back in topic, panic selling? We would most like see these events when price tends to go back in 10k price from 13k level.

During the pandemic people are calm because the price of the bitcoin is not decreasing and Im very happy with that.
Because for sure if they panic selling during the pandemic because they need money for sure the result of that is dumping of the crypto market. Panic selling will always bad result for us we are the one who suffer to this because we do not earn money and the worst part of that we lost some of our funds.

Everyone should be stocking up on Digital Crypto Food as well as Digital Crypto Money  ;D ;D ;D

Hard Facts

Bitcoin/Bitcorn isn't following the stock market. If the stock market is followed now the price could've been around or less than $10k. The stocks haven't completely out of the crash due to the pandemic. Only stocks that peaked high during the pandemic were the oil and telecom. The stocks were to follow the growth pattern of bitcoin then onwards :D

Panic may happen after the US presidential election... Well, the beginning of lockdowns in Europe may also be the beginning of panic in the markets... In fact, panic can be created in a matter of minutes, and all markets can become bloody! ;)

I guess there will be some twist and tale tomorrow I mean on the American election result day, crypto price may fluctuate if Trump lose this election. If people start panic then probably the price may vary according to my prediction, because US market plays a major role in crypto sphere still it's just a prediction.