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

[BlackFor3st]

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 you are a long term holder then there is no room to panic as it is only part of the market that it will go down because after that decrease the market will surely to recover again therefore a long term holder still in a good position to profit. We are talking about the #1 rank here which is bitcoin so you should put more trust to it if you plan to hold for a long term one and panic selling will only cause you some problems like losing some of your invesment money.

But in my case, I was forced to sell some of my assets just to survive from the current lock down that our government has imposed in order to control the spread of the virus.

[SacriFries11]

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.

People must take this opportunity to buy more btc and other cryptocurrency because of global economy gets down but in the other hand, many people also need to sell their coins to buy foods and pay their bills. These are the few reason why people are selling their coins and others are just want to lose their money. I sold few of my coins but I btc is not one of them. I prefer to lose other coins rather than selling my btc. Sometimes I convert it to more stable coin to cut or minimize my losses.

[Pamadar]

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.

People must take this opportunity to buy more btc and other cryptocurrency because of global economy gets down but in the other hand, many people also need to sell their coins to buy foods and pay their bills. These are the few reason why people are selling their coins and others are just want to lose their money. I sold few of my coins but I btc is not one of them. I prefer to lose other coins rather than selling my btc. Sometimes I convert it to more stable coin to cut or minimize my losses.

It's hard to resist when you are really in need of money to survived with this pandemic crisis, if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market. Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

[rodskee]

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.

Yeah because this is depending on that person if what is His plan and capacity
in this market,some of us are her
e to Buy, Hold and wait while others are here to Buy and Just sell to profit.and
 also there are some who's wanted
to Hold but they have no choice because of no having enough funds to sustain life.
in this matters there are different answers.
but having safer by selling when the market starts to fall don't mean we are weak and panicking instead this is assuring .

[drlukacs]

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 holding the coins now is a pretty bad idea. What do you think about the crypto market when the stock market over hundreds of millions of dollars collapsed? Can crypto survive the future economic crisis? Can bitcoin benefit society? - No!
Bitcoin and crypto are captured as assets for the whales to manipulate. and they only do it when we have money left. If the world economy is seriously hurt, the whales will have to leave the market for a while. That's the rule and we should understand it. If we go against the whales, we only die.

[Lorence.xD]

Bitcoin is a nice and stable item to hold onto when you have a money that you want the money that you do not want to spend grow little by little, this is what I can guarantee because I have faith that bitcoin will increase in value like a thief in the night, we will not know when but I hope that I hold some coin when that happens because bitcoin has prove itself a long time ago, people have doubts and expectations but bitcoin surpassed the expectations, remember the time that they say it will not reach a dollar two? Who is laughing now? People did not jump the hype train when it is not yet full, now everyone wants a piece of it because they see the potential grow right in front of their faces. I believe holding to it will bear fruit someday.

[Free1bitco.in]

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 holding the coins now is a pretty bad idea. What do you think about the crypto market when the stock market over hundreds of millions of dollars collapsed? Can crypto survive the future economic crisis? Can bitcoin benefit society? - No!
Bitcoin and crypto are captured as assets for the whales to manipulate. and they only do it when we have money left. If the world economy is seriously hurt, the whales will have to leave the market for a while. That's the rule and we should understand it. If we go against the whales, we only die.

Since there has been news that the president of North Korea died, many rumors say that the price of bitcoin will go down because there is a bitcoin transaction from the president's wallet and many predictions that the bitcoin will be sold. it's just that it doesn't cause panic right now. Well, I have a different perception and assume that a lot of things will happen to drop the price of bitcoin before halving. personally, I will keep my assets, even though many people say that it is a bad idea.

[so98nn]

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.

This is cool strategy from the legend person. Totally agree. Why to sell unnecessary if you dont really need the money right away. If you are keeping bitcoin as second line income source (even first) then you should just hold it and look for the bitcoin rise upwards.

I like the idea of taking out only that much part which is "really" needed to spend. I think everyone should make this as an habit so that we can end up with profits later on. 

[TheUltraElite]

It's hard to resist when you are really in need of money to survived with this pandemic crisis,

Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more.

if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market.

Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell.

Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail.

[brotherwood12]

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

[Viscore]

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

In this market we are all playing, there are people who panic and there are people who do not.
You'll make profit if you do not panic because you can easily buy a price at its dip, and that's the reason why the smart minds are liking crypto despite the fact that trading or investing here is considered a high risk activity. We have to ensure that we are in the side of the profitable people, otherwise, there is no reason to stay in crypto when all we do is just to spend our money to make other people profitable.

[sedov1966]

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

I feel really sorry for people who needs to pull funds to live through these hard times.
However, I don't understand people who initiated selling by themselves, its literally makes no sense - whole market is on bull run

[Twentyonepaylots]

It's hard to resist when you are really in need of money to survived with this pandemic crisis,

Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more.

Risking your present situation just for having a hope in uncertain future is a big joke especially with our global situation right now that thousands of people are already dead and millions of lives are at stake. You can basically re-earned the money you are going to cash out with crypto, you don't need to resist the hunger or lack of necessities these days. But also make sure you'll just be bringing out spare just enough.

if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market.

Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell.

If you are monitoring the market then you might have seen how the bitcoin price behave during the last couple of weeks. It is good to see the price getting some hike for pre-halving but I'm sure that there will be a dump after the halving just like what the past halving impacted.

Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail.

It is easy to understand, the market is volatile, you'll see it on top after bottom in just a blink.

[Romeotom]

Basically i still sleeping right now and i haven't connected any reason for sales my holding btc. Obviously one is single thinking i spend cash amount at this time when i need buy products with pay any bills. Actually it's some to lucky for me because i was store some cash money and i spend now but never btc.

[Yamifoud]

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

I feel really sorry for people who needs to pull funds to live through these hard times.
However, I don't understand people who initiated selling by themselves, its literally makes no sense - whole market is on bull run

It is not a sorry thing, it is a need and that we can't do anything but sacrifice.
This is a part of our crypto journey, sometimes we feel disappointed and sometimes we are also happy because we gain a lot. I know many were selling their holding not because they are panic about the market change but actually the pandemic gives them the push to make it. And to honest, I also sell some of my bitcoin and I don't feel any regrets because I used it for the purpose to survive.

[silversurfer1958]

I think the price of BTC fell sharply at the time you posted this because some people thought that the COVID-19 pandemic would adversely affect the global economy. So, they sold BTC to cut losses. But for now, the price of BTC has surpassed $ 9k. I think that the increase in BTC price is due to the approaching halving day which means that the difficulty to mine 1 BTC is increasing. Therefore, leading to scarcity of BTC in the market. I hope that BTC price will surpass $ 20k by the end of this year.

[gantez]

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.

Same with me too. I sell and rebuy in because bitcoin isn't going to drop in the speculation of few or biased people who think it will drop and disappear, no that won't happen.
This is time to gather more before nations recover and investment will go high.

[BuNga_cute]

I am sure that the panic selling is do by a newbie, because for investors and traders who have long known bitcoin will choose holding.
Especially now halving will happen in a few days, if there is still panic selling is really unreasonable. But I'm sure the number of panic
selling is not much, because the price of bitcoin shows a positive trend. I analyze the bitcoin price movements continue to rise, this is
a good sign. I predict the price of bitcoin in the near future will soon touch the price of $ 10k.

[shoreno]

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.

Same with me too. I sell and rebuy in because bitcoin isn't going to drop in the speculation of few or biased people who think it will drop and disappear, no that won't happen.
This is time to gather more before nations recover and investment will go high.

no he didnt said that he rebuy's btc but he just use some and call it a day  

. he still didnt cash out all but yahoo is a manager on here so he have lots of projects that earn him more btc  . in your case you said you rebuy when you sell but you only sell for profit and not for service like what yahoo did  . that is still a good move   . whats more good is that you are optimistic on btc while most of us here already starting to loose hope which leads them to panic sell  .

[Janation]

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

Then that is not panic selling, right?

Panic selling is when people are not thinking straight what to do and just sell since they think they would be missing the chance of selling at a higher price. When they will be selling cryptocurrencies or other investments since they need it, then they are doing the normal thing an investor would do in a normal day, right? Trade.