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

[xvids]

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

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

[shoreno]

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

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

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

[ethereumhunter]

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

[cutesgirl]

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

[iv4n]

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

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

[Kasabus]

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

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

[Dr.Osh]

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

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

[TheUltraElite]

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.

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

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.

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

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

[bhabygrim]

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

[Janation]

We've seen a drop much worse than this.

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

[sulendra12]

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.

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

[Meowth05]

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

[inanilujimi]

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

[Dead_M]

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

[FanEagle]

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

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

[ethereumhunter]

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

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

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

[Subbir]

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

[itchycoin]

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

[Janation]

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

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

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

[South Park]

There's no way to actually tell but one theory is they could be Institutional investors for CME futures and now they've sold their cryptocurrency due to the fall of stocks to cover they're debt and loans.
With this recession, im not selling anything in fact these is the greatest time to buy more cause when the current monetary system collapse people would be looking for alternative assets to store their money.

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