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

[Golftech]

Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000. Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September. I believe this could get the space back by the end of the year towards $15000 consolation.

That's really a wishful thinking since we are still seeing people inside the market who are still trying to workout inside this industry, to those who are able to hold and try to keep their assets inside their wallets, hoping that after this pandemic virus everything will be back to normal and the price will push back to a good price.
If money is not an issue then don't bother yourself to sell off keep your faith alive that after this bitcoin and other alternative projects will rise back to the moon.

[TheUltraElite]

Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000.

There is no proof to such claims. What wallet is moving coins and whether they are being sold for fiat or moved to other currencies is never in the knowledge of financial advisors. They just predict based on what they already know and imagine to be true. Maybe it is true, maybe it is not. But it that important for traders? Yes if you are bullish you will buy coins when it dumps.

Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September.

More propaganda there. Pandemic will be over, correct but FMCG sectors will be growing but not one specific company.

I believe this could get the space back by the end of the year towards $15000 consolation.

Not a very evidence backed information though. Price could go up well and good but reaching 10k and crossing that is a bit long shot right now.

[OrangeII]

Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.

it's natural, if we see a decline from the price of $ 9000 to the price of $ 5000, it will really make people panic, and I think many people have regretted selling their assets in a panic.
at this time, we need to calm our minds, because anything is possible. I'm thinking of holding back until the end of this year. I feel that the price increase will really occur after halving, moreover, if the pandemic has finished, it will be a big boost for cryptocurrency.

[smyslov]

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...

We have people like that in every market causing the market to crash because they did not invest what they can afford to lose, and they still do not believe in the capability of the crypto market to bounce back glad we still investors who strongly believe in the market, but there are too many panic sellers in our market, so Bitcoin almost crash to $4000 level or below.

[kotajikikox]

I must admit that at first when i saw the price is dropping drastically?i tend to sell out but it is too late because the market drops 30% as i checked the prices so instead of selling i decide to Keep holding more.
and now?i am contented about what recovers market did.

Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.

it is better to keep the holding if you don't really need the money because whats the reason of selling?when you will again buy sooner.

[tvplus006]

Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.

Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.

[boltz]

Its not just panic sell , its also a normal sell where a lot of people decided that is better for them to have cash near them instead of Bitcoin which is pretty volatile right now so anything can happen. For example take a look at stocks and how much are they dropping every day but cryptos are holding good for now but for how long ? Personally I don't want another crash of Bitcoin price.

[aakashsangwan]

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 had to sell my holdings as I like other people I also am a daily wage earner and without it I can't do anything. And as our country is in lockdown I can't find a job and thus I had to sell some of my holdings but not because of panic selling but because of the need of funds for survival.
After watching the price of bitcoin go down i told many of my friends that if they want to make a quick buck even if they won't believe in bitcoin they should invest some of their money in it and it worked for a couple of my friends, straight after buying bitcoins in a week their market value also increased.

[Kez1817]

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'm like you ,holding my crypto despite of huge drop because i believe it will rise again ,just need patience.There's no need to panic selling because the value of bitcoin is not stable,today down,tomorrow up. Well,we can't blame those who are afraid to lose and not a long term holder.

[Sanugarid]

Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.

Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.

I also got panicked when I saw the price of bitcoin falling in late February but I did not sold any because It is already down when I look at it lol. The reason why we saw a decline in price might be because of the getting severe pandemic virus, covid-19, I don't see any reason why would the people go panic sell anything else but simply because of the virus. In all of that, I'm pretty glad that we have the resistance at the low level preventing the price to stop at the level on which we can prepare for the upcoming halving in a few weeks.

[Chrystora123]

it is better to keep the holding if you don't really need the money because whats the reason of selling?when you will again buy sooner.

a trader will certainly sell his Bitcoin if it reaches the desired price, then buy back when the price of Bitcoin drops at its desired price, so selling is not always bad (depending on personal needs)..

Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.

You are right.. a trader (who sells Bitcoin) is not bad, a bad one is someone who sells his Bitcoin because of panic and never buys or invests Bitcoin again..

[hahay]

Anyone selling off bitcoin in panic does not truly know what bitcoin means or the person is a newcomer to the crypto world. Bitcoin is the most trusted crypto to survive any storm from the world. Price can crash from time to time but that should not make anyone sell off in fear. If I have bitcoin I will not sell in panic. No.

Yes, because it is also part of the characteristics of bitcoin itself or the crypto market as a whole, in this market prices can go down hard quickly and also recover significantly without being predicted with precise accuracy. So when they sell because of panic, it is clear that they will lose money, but it does not rule out the possibility that they sell immediately just to cut losses to end up buying more when getting lower prices, in a crisis situation like this, every individual needs at least funds, so we don't can say if the decline is due to panic selling, because at least there are other needs that make them sell it.

[travwill]

I think that a lot of people are prone to panic attacks, but at the same time I do not think that this is the main reason for the fall in prices in a given period.
Rather, large players seeing that they can provoke a panic sale act in such a way that they would sell first, and then buy off the last.

[arthurbarajas]

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 only a few people panic and sell Bitcoin, I don't think it will affect the value of Bitcoin on the market, but if you see the value of Bitcoin on the market going down, there are certainly many people who panic selling bitcoin on the market,

hey I think they sell bitcoin because of urgent economic needs because of the Covid-19 outbreak, does anyone agree with me

[Cratoon]

My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.

[Republikcoin.com]

I think that a lot of people are prone to panic attacks, but at the same time I do not think that this is the main reason for the fall in prices in a given period.
Rather, large players seeing that they can provoke a panic sale act in such a way that they would sell first, and then buy off the last.

to be honest, panic is a natural thing. when seeing the price of thousands of dollars decrease in less than 24 hours, it certainly makes many people think of selling their assets. so far, I still survive with this situation, it can even be said that the situation is getting better. to be honest, I still strongly believe that bitcoin price recovery can happen, so I'm not so freaked out about the price drop

[Latviand]

the decline was big so i assume its cause by big people too like whales . small individuals can only have a small impact on the price .

Whales are the one who will benefit this crash in bitcoin's price, probably, they will buy more bitcoin as people try to panic selling because of the virus. No one is expecting that this virus will have such a great impact in the economy and people. It really killed a lot of people which is considered as a bad start for this 2020, but some people in the market are treating this virus as a blessing which must not be tolerated.

There are people dying and still people are not that worried and treating the virus as a pandemic. People should also consider the state of other people, not only their own condition because many people are suffering due to this virus and must be taken seriously.

what you felt thier is also normal . experienced and veteran cryptoers do also feel anxious because the crash was pretty huge and i think it was my first time to experience a crash like this from my 2 years of stay on crypto but im aware that crypto prices on the past have a small value smaller than what we have right now , i used it as a hope to not give up .

Bitcoin's price is really volatile and you should know that if you're a crypto holder, you should not worry about that so much because that is just temporary. There's a chance that bitcoin will again have a higher price because of the market's demand. Don't be so anxious because it will just give you stress and mental problems that will affect your health. Always be confident about your crypto and look for a possible strategy and decision to help you grow more in crypto even if we are experiencing the disaster brought virus.  

[Genemind]

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...

It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.

[Lomberjack]

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...

It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.

Yes, lock down or people in a quarantine have really affected the lifestyle of a lot of people especially in their financial income, as well as many investors or possible holders of Bitcoin, that needs to sell their stocks to sustain their living during this crisis. If this pandemic persists longer than what we expect, the price of Bitcoin might go again into a bearish situation as there are more and more people that are losing supplies of foods and necessities.

We should be very careful and ready for any outcome we might encounter in the coming months, either we still hold for the upcoming halving or save up and cash in fiats before the standing of Bitcoin dumps more than what we have today.

[Smitty Werben Man Jensen]

My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.

an increase does indeed occur when falling in, but if you return to the normal price when you buy the ratio 50:50, maybe you can see it, or maybe you can't see it, and depending on whether when you buy the indicator does not support then you have to HOLD long