I need some opinion if panic selling can contribute of rapidly drop of the bitcoin price. If it is right how can we convince to the bitcoiners to not doing panic selling.
This is basically to tell you that the market trends has behaviours depending on the traders' mood. Panic sells happen due to false information. There can be a level where panic sells won't cause the bearish movement of the Bitcoin price; that is when demabd/adoption and adaptation of the Bitcoin gets high. I believe we are getting close to adaptation stage of the Bitcoin.