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

[Twentyonepaylots]

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

I must agree, panic and fear is natural behavior of a human but being an entity in here, as one that affects the price must also know that panic and fear should be align in what the mind thinks what it could be about. Bitcoin may be strong now with so much price resistance we got from a great support of whales and decentralized network but we don't know until when it would look that way. We are seeing the world collapsing now, and even I am afraid what could happen next not just talking about the market and all that revolves in there.

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[fabiorem]

I will keep a inverted DCA strategy until the price recovers 0.618 of the fibo retracement, which is around $12k. After that I'm not selling anymore.

The game changer is people accepting the coronavirus as "the hoax of the century", going back to work in defiance to the law, and accepting crypto for payments. This can bring bitcoin to one million dollars at the end of this year. This movement would require the participation of rich entrepreneurs, which would bring new money to crypto.

The other scenario, where people just accept everything the government says, and fears the virus, can bring bitcoin down to less than a dollar in 2028. In this case, bitcoin is replaced by a global centralized cryptocurrency. Some people are aware of this scenario, and are stacking money into ethereum, as the second place in the list would not be affected at all.

Of course, these are very extreme prices, but they are meant to illustrate a rupture which might happen in the future.

[carter34]

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

That is not also how it is suppose to be because business people too don't sell product when price is dropping, they sell at a high from what they bought to avoid loss. This is how it is too for bitcoin selling. Hodling is better this time.

[FanatMonet]

On the news of the spread of the coronavirus, many people could panic and sell their cryptocurrencies in order to use this money to buy necessary items for the period of the pandemic. Therefore, there is every reason to assume that the fall in prices is associated with sales amid a pandemic.

[Leviathan.007]

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.

Agreed! A lot of people were panic selling that's exactly the reason why we saw the emotional dumps during the previews days. and sadly these emotional selling will follow a big lose in the short words during this period of the time many panic seller lost their money or had a real high amount of loses. While if you control your emotions you could easily but at low price and get a real profit. It's all about the controlling the emotions.

[Kong Hey Pakboy]

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.

Agreed! A lot of people were panic selling that's exactly the reason why we saw the emotional dumps during the previews days. and sadly these emotional selling will follow a big lose in the short words during this period of the time many panic seller lost their money or had a real high amount of loses. While if you control your emotions you could easily but at low price and get a real profit. It's all about the controlling the emotions.

In my own personal opinion, most people who are panic selling are new in crypto that they assume it will continue to go down, but it is normal for the crypto market to decrease due to it's volatility, so we should calm down and have patience to maintain our investments. A lot of people are also selling their cryptocurrency because they are starting to convert it into fiat in a time like these that we all need to provide all of our necessities, while there are community quarantine lockdowns.

[gharshit126]

Mostly of the people that I'm already know or my friends and relative who buys and trade in crypto didn't sell most of their cryptocurrencies because we all know that sooner or later the market would start to recover again back to its price from last month. It is also normal for the market to make an ups and downs due to its volatility, and the sudden drops of the bitcoin's price is also an opportunity to other people who also wanted to buy bitcoin

[Naida_BR]

The price of Bitcoin seems to start going upwards again slowly but steadily.
This event possibly happen due to the halving event that gets closer.
In my opinion, there is not any reason to panic sell - Covid-15 is not a thread to the market but an opportunity to grow more.

[Vishnu.Reang]

You can't term all the sale orders as panic selling. Some people are selling their coins, because according to them the long term potential doesn't look that great. Some others are selling, because they believe that an economic meltdown may happen anytime now and it will be better if some of the volatile assets such as cryptocurrencies can be converted to stable assets such as gold.

[TheGreatPython]

Lol imagine those that sold when the price was down then? They will be regretting that they took that decision. Some people are always too fast, they don’t have any patience. Anyone who is investing their money in cryptocurrency really has to learn how to have patience. If you’re always in a rush you will keep on missing out on a lot of things.

So, it is very important to have patience and not to be in a hurry whether you’re buying or selling. Before you take any action in the market you should first of all sit down and take the time to do proper research and know where the market is really heading to before you start investing or selling.

[silversurfer1958]

Currently, BTC is rising to $ 7,700. And this is a sign for the new uptrend period of BTC. I think the main reason is that the Fed printed large sums of money to save the US economy. Therefore, the dollar has a lot in the market. This explains why the economies of the countries in the world are declining due to the COVID-19 epidemic, the value of BTC or gold has increased significantly.

[camito]

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...

When things seems to be going out of control, people tend to be flustered and panic. The previous and on going drop caused a commotion in the bitcoin industry causing more and more people to sell. Many have seen and experienced the almost same kind of situation so they are not worried. If one knowd that Bitcoin is volatile and does not settle to a state permanently, then one should not overly worried. You can hold as long as you want and wait for the right opportunity like I do. You can also sell but definitely not on an amount that will cause you a huge blow and loss. Patience and game plan is the key.

[worle1bm]

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...

The rush in panic selling is not much high this time as people are withdrawing their funds only upto a limit to pay for their bills due to shortage of cash in worst scenario that everyone is facing.The prices have not gone much lower and btc cannot crash below $5k as wise people who know the power of btc that it will rise again with great surge after all this is over due to increase in number of digital transactions and masses shifting towards the use of crypto payments.It will help to boost the economies and will be globally accepted with technical improvements so don't sell your whole investments but only a part of it if you need it. The time for rise will surely come.

[Averim]

I did some panik sale for several times and it was really bad, i believe if i would had holded the tokens probably it would be a smarter decision.

[roll on]

I have seen what happened when the pandemic turns on and brings panic to every people and also turns out to have a negative effect to every sectors in the world which also includes the crypto market. With the matter that we have observed, I do not have any hesitation or thinking to do panic selling for the mere fact that why would I get into panic if I trust on the capacity and capability of my assets to bounce back after quite some time. Doing impulsive decisions might just bring regretful results in the future so better think before doing such because once that it cannot be reversible already. Just have a strong belief and hold into your cryptocurrencies for this situation is just temporary.

[Jating]

I did some panik sale for several times and it was really bad, i believe if i would had holded the tokens probably it would be a smarter decision.

Oh well, you should have at least learn from your mistakes and not to panic sell. If you are a long term investors, you shouldn't be affected, in my opinion. And those who panic sells have short term goals that's why they got nervous if they see the value of their money going down. Just remember this, every downturn in bitcoin and crypto in general is followed by a bounce back. We have seen it already, from as low as $3800 during the pandemic panic to the current price. So in just 5-6 weeks, we have bounce back already and doubled the last price we have, so think about that. So there's a lot of missed opportunity already if you sold during the flash crash.

[shield132]

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.

Agreed! A lot of people were panic selling that's exactly the reason why we saw the emotional dumps during the previews days. and sadly these emotional selling will follow a big lose in the short words during this period of the time many panic seller lost their money or had a real high amount of loses. While if you control your emotions you could easily but at low price and get a real profit. It's all about the controlling the emotions.

In my own personal opinion, most people who are panic selling are new in crypto that they assume it will continue to go down, but it is normal for the crypto market to decrease due to it's volatility, so we should calm down and have patience to maintain our investments. A lot of people are also selling their cryptocurrency because they are starting to convert it into fiat in a time like these that we all need to provide all of our necessities, while there are community quarantine lockdowns.

Guys do you post from this planet? Where do you get your statistics from? Just double checked again and as it seems in this month the lowest price was 6628 USD and high - 7690. And on regular basis, price was changing between 6700-7300 USD. So in any way this isn't anything uncommon for bitcoin and if we consider the current price, then we can 100% say that bitcoin seems to be a resistant against corona virus and hope it will continue this way in near future too.

[crutu]

Several people panic selling their assets because of the continuos price fall of their coin. I think it is better than to lose big in the long run. Some may still hodl their coins hoping for a  comeback in its price in the future market. But neither ways are better if you have the risk.

besides, there may be other reasons why they can panic selling the coins they have held so far, that is because most of them need money in the current economic situation, because as we know the world economy has largely been weakened and some of them certainly many need money to meet their daily needs

[NavI_027]

Several people panic selling their assets because of the continuos price fall of their coin. I think it is better than to lose big in the long run. Some may still hodl their coins hoping for a  comeback in its price in the future market. But neither ways are better if you have the risk.

besides, there may be other reasons why they can panic selling the coins they have held so far, that is because most of them need money in the current economic situation, because as we know the world economy has largely been weakened and some of them certainly many need money to meet their daily needs

Indeed. I understand the some people who panic sell at this moment because we are all in the same situation. However, I really resist the temptation of selling as much as possible because I know to myself that I might regret if there's a sudden skyrocket happen especially that we are heading in this year's halving. Actually, I am now a little nervous, excited and a little bit skeptical . But whatever happens, I remain hodling and sell based om my nexact necessities only.

[cutesgirl]

I become the part or people become panic selling when seeing bitcoin have the top price but always look stay cool when bitcoin going down, I don't now why not brave for cut lost when seeing my coin assets back lower price and never have chance how to stop much lost. Never have ideas at the next moment when bitcoin and altcoin will going down.