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

[hahay]

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.

Agree, big decrease is not always related about panic selling because behind everything that happens there will be at least some of them who sell in large quantities because of a need or other needs because large investors at least always have a mature calculation before making a buying and selling decision. This is an incident that happened at the same time because the problem faced is the same problem, so the recovery will definitely happen sooner or later we just need to be patient.

[arrmia11]

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...

Dont panic just believe in bitcoin, because someday maybe it will pump surprisingly, and maybe you will regret it if you sell the bitcoin that you're holding now, just believe in yourself too so that you won't regret anything, if you can wait you will see the reward in the end

[Quidat]

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...

Theres no such thing about accurate data but for sure lots of small traders did panic sell when the market is declining and adding on the pressure of the current corona virus issue.

Good thing for those who able to hold and its much better if you do able to buy when the price hit down on 4k level where it do adds up your stash and definitely seeing your port now
is on gains.
In my case i wont deny that i do partly sell off a small part just for the purpose on using it on current lockdown due to pandemic issue.

[coinfinger]

Do not be worried about the panic sellers, we are not as bad as people make it out to be, everyone acts as if bitcoin is dead and we are screwed and all that but in reality bitcoin is doing alright. Look at the world and look at how everything is going down and how everyone is afraid and scared but look at bitcoin.

Bitcoin was around 7.5k when this all started and right now we are closer to 5.5k again, sure we saw under 4k and that was bad but we went up right back up, being a lot less liquid than stock markets and gold, it allows us to go up a lot faster but also go down a lot faster as well, that went down was due to all-in selling from some people but we managed to reverse it.

There is nothing stopping us from going back above 8k again as well, we may do it with few tens of millions of dollars going all in. I know "few tens of millions of dollars" sounds a lot to you and me but for rich people that is easy.

[Peanutswar]

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.

During the outbreak of the pandemic coronavirus, the market price of the bitcoin drops too and they use their coins to convert into fiat currency and use this to buy a lot of things they need during the lockdown the quarantine happens on their country and this is a widespread impact to the market of the bitcoin still it is good news that you do not sell your bitcoin because the halving is coming you can now make more profit when the market price brings back to normal and you can now gain a lot of profit again.

[tbterryboy]

Panic selling is the last thing I’m ever going to try. No matter the situation that the market has been into I never thought about selling my coins I’m still going to keep holding because I know that he who laughs last will surely laugh the most.

A lot of people have said lots of sh*** about Bitcoin and even called it a scam and Ponzi, that’s their Business, they can keep on selling. Those are the ones that don’t believe in this, a little shake in the price and they are all running from it. They will still be the ones that will come back and cry on how they regret selling their coins lol.

[pokeronlinestatus]

I do believe that there is going to be an increase later on. The price of Bitcoin has been able to be recovering bit by bit after this serious fall, the price managed to go from $3900 and back to $6000. I haven’t sold my coins yet, but I don’t know how it’s going to be later and whether I’m going to be selling, it all depends on the next situation, it’s not a matter of panic but if I’m in a situation where I will be needing that money I might be tempted to just sell it.

I pray I won’t be having any so much pressing needs that will cause me to give up. I really want to keep holding my coins till things gets better and then I will sell them and make profit.

[rezakurnia66]

Last week the crypto price declined sharply (especially Bitcoin). It is very natural that everyone (especially Bitcoin investors) has a panic and then sells losses. In China, many investors channeled funds into fiat money to buy basic necessities.

But, if the decline in Bitcoin is caused by individuals who sell Bitcoin in large quantities (this could possibly happen). The purpose of this happens because they also want to make a profit again.

I personally still retain some coins like Bitcoin, Abyss, and Waves. This week my capital is experiencing growth due to rising Bitcoin prices.

[rodskee]

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...

So i think the answer is clear mate and that is "The Whales" who is responsible for the dump ,but also some other small holders withdraw when the dumps starts badly.
like my friends none of us sold any small amount meaning many like us(small investors) who keeps their Bitcoin on hold but still the fall continues,though we are lucky now that we are seeing greens in market prices.

[Gyfts]

The price isn't merely attributed to a few individuals but more so that entire economies have been collapsing with the US, the largest economy in the world, facing the worst economic downturn since the Great Depression. It doesn't take long to figure that coronavirus has tanked almost all assets including Bitcoin. The U.S. stock market rebounded upwards of 10 percent today with talks of the economic stimulus package along with a generalized timeline of when Americans can go back to work. In turn, you saw some increase in BTC's price. It isn't unreasonable to make the presumption that they're connected.

[bassbity]

Panic selling is the last thing I’m ever going to try. No matter the situation that the market has been into I never thought about selling my coins I’m still going to keep holding because I know that he who laughs last will surely laugh the most.

A lot of people have said lots of sh*** about Bitcoin and even called it a scam and Ponzi, that’s their Business, they can keep on selling. Those are the ones that don’t believe in this, a little shake in the price and they are all running from it. They will still be the ones that will come back and cry on how they regret selling their coins lol.

When the slump happened so badly many penikan happened there they sell to reduce losses for fear of bitcoin can not return to the original price I think that person is not mentally strong so that they prefer to sell cheap compared to holding in a specified time. I think it will be better held.

At the time of this pandemic the corona virus continues to spread and cause the entire economy to plummet in its collapse, people with mental disabilities will think of their instability so that they will not be strong in holding bitcoin for a long time.

[Farma]

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

to be honest I was also a little panicked when I saw the price of bitcoin decrease from $ 8k to $ 5k. but, I don't sell it. however, I think yesterday it could have been manipulation or something else, but it seems that it was indeed due to the coronavirus. so far, I think that when this virus has passed, prices can return to normal.

[tvplus006]

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

The fall this time was very strong, but those who have long been familiar with bitcoin, understand that it is all within its historical trade. I think that even if you sold your bitcoins in a panic, there will still be good entry points. But even today's price is just as attractive for investors.

[LogitechMouse]

Those who panicked when the price of Bitcoin fell down by almost 50% days ago are those newbie investor who don't know how Bitcoin's price is moving. They are the ones who are heavily relying on the news media which is a no no for me. I don't like news media since they only telling the negative side of everything from stocks to crypto blah blah they are bull shit.

I didn't panicked here even a bit. I don't need to convert at that time too and I believe that "Whatever goes down, goes up in a few days" . If you panicked and sold it at the lowest price then congrats because you are at a loss. It would be better if you sold at the 6k mark and then bought at the 4k price you could get a profit there since we saw Bitcoin rising bit by bit already .

[KnightElite]

Those who panicked when the price of Bitcoin fell down by almost 50% days ago are those newbie investor who don't know how Bitcoin's price is moving. They are the ones who are heavily relying on the news media which is a no no for me. I don't like news media since they only telling the negative side of everything from stocks to crypto blah blah they are bull shit.

I didn't panicked here even a bit. I don't need to convert at that time too and I believe that "Whatever goes down, goes up in a few days" . If you panicked and sold it at the lowest price then congrats because you are at a loss. It would be better if you sold at the 6k mark and then bought at the 4k price you could get a profit there since we saw Bitcoin rising bit by bit already .

I did not panic when the price goes down but I managed to sold my bitcoin because it is part of my plan in order to protect my fund. For those people who panicked are weak in terms of mentally, panicking have a bad psychological effect that can affect our further decisions. I managed to buy again when the price goes up and know I have unrealized gains.

[Savemore]

Those who panicked when the price of Bitcoin fell down by almost 50% days ago are those newbie investor who don't know how Bitcoin's price is moving. They are the ones who are heavily relying on the news media which is a no no for me. I don't like news media since they only telling the negative side of everything from stocks to crypto blah blah they are bull shit.

I didn't panicked here even a bit. I don't need to convert at that time too and I believe that "Whatever goes down, goes up in a few days" . If you panicked and sold it at the lowest price then congrats because you are at a loss. It would be better if you sold at the 6k mark and then bought at the 4k price you could get a profit there since we saw Bitcoin rising bit by bit already .

I did not panic when the price goes down but I managed to sold my bitcoin because it is part of my plan in order to protect my fund. For those people who panicked are weak in terms of mentally, panicking have a bad psychological effect that can affect our further decisions. I managed to buy again when the price goes up and know I have unrealized gains.

I've been shake out when the price drops massively and for sure many traders also felt that, I slight panicked but I manage to control my emotions back there. Lack of emotional control can result to me to have negative portfolio that is why I do my best to control it. There is panic that I felt but I really handle to throw it away in order for me to stay positive and avoid making regretful decisions.

[LazerSMS]

It's the whales with stock portfolios, they have been raising liquidity by selling cryptos. That's where the big drop came from.

[carlisle1]

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.

Good for your set of friends to be holding even the hardest time comes when more than 50% of bitcoin price drops in just a day,because mine are not in my group almost everyone sells out and ready the money for this pandemic effect (but not me because i can manage expenses without withdrawing my holdings)

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...

Not totally small number but whales i guess,because the dump is too fast for small investors make effect.

[geegaw]

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

to be honest I was also a little panicked when I saw the price of bitcoin decrease from $ 8k to $ 5k. but, I don't sell it. however, I think yesterday it could have been manipulation or something else, but it seems that it was indeed due to the coronavirus. so far, I think that when this virus has passed, prices can return to normal.

Virus may be an influence but it should not be so significant, I doubt that whales have used this plague to manipulate market prices, make people dump their bitcoin before the critical moment as halving events, you can see the success of the whale in this story, the price has dropped very sharply and panicked almost the whole market. But the return in a short time is also very quick, even if the virus is still unresolved, the price is still rising very fast, next, many panicked people will regret their actions when bitcoin gets better

[Reatim]

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...

There are plenty of people here sold their bitcoins weeks ago,i had some friends here in forum that sold out all the assets they hold from altcoins to bitcoin because of being afraid as they had first experience these kind of dumping.

Imagine falling up to 4$k level from 5 digits value?this is sudden mate so we can’t blame them from panicking .