How many people have been panic selling? I didn't.

[Xampeuu]

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

[Chrystora123]

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

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

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

[countryfree]

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

[fortunecrypto]

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

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

[bitbunnny]

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

[hahay]

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

[FatFork]

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

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

[Yamifoud]

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

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

[pixie85]

I didn't sell because:

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

[lienfaye]

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

[kawetsriyanto]

They're all very concerned by the huge drop, but none has sold a single BTC.

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

We're all holders.

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

I believe the sharp fall in BTC's price has been caused by a very small number of individuals. Waiting for data...

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

[Magkirap]

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

My friends are selling because they want to buy  more at a cheaper price and that’s their strategy. For me, I don’t need to sell on this level and instead I will buy again at the bottom so I can have more coins to hold. If you are panicking then its not good at all, sell only if you really need money or if its already your target price.

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

[Jating]

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

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

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

[criza]

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

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

[maxreish]

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

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

[conected]

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

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

[Sanugarid]

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

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

[coolcoinz]

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

[kaya11]

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

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

[amar87]

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