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

[Smitty Werben Man Jensen]

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

[Farma]

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

[verita1]

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

[pragna]

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

Best of luck.

[el kaka22]

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

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

[Viscore]

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

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

[alexsandria]

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...

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

[thesmallgod]

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

[kisfoxs]

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

[ethereumhunter]

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...

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

[Blackdeath]

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

[bitcoinst]

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

[countryfree]

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

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

[MCobian]

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

[South Park]

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...

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

[princesspoppy]

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

[OrangeII]

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

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

[KrisAlex18]

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...

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

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.

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

[Negotiation]

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

[nosferzd]

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