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

[Opeyemi01]

Why will I be panic? I didn't

[BitcoinTurk]

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 can not say that I did or did not sell exactly because the situation is a bit complicated. When I was trading my current capital, I had adjusted it to have 70% margin and 30% spot trading. Unfortunately, during that big and sharp decline, almost 70% of the balance disappeared and I sold it all involuntarily. However, the 30% portion I was talking about still stands still and I haven't made the sale yet. Perhaps, at the end of the month, I can sell according to my money needs, but it is not certain. I do not want to go through the reminder that the price is likely to fluctuate one more time before the half-time period. As I mentioned, I will determine whether or not to invest my remaining investments in cash at the end of the month according to my financial situation.

[hahay]

Why panic sell when the price of bitcoin is not that bad as compared to other times of massive dump. The Corona virus indeed has its fact on global economy but the world of crypto seems to be doing just fine and there is absolutely no need to panic sell as it has been an upward trend over the last few weeks

If you are aware of the date of this thread being made then you can see at that time that the price even touched the bottom at around $4.7k and that is a very scary panic, because even at the same time the spread of coronavirus continues to spread and even the case continues to increase in many different countries.

[wozzek23]

I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.

That is nice for you that you have been able to hold with your BTC but that means that you are either too rich or you are holding a small amount of bitcoins because when the price dropped to half and went as low as $3500 there was a disastrous situation and lots of whales also dumped which actually made the price even fall down further.

There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.

Imagine being noticing $350 swings but not cracking when the price went half of its value, I believe you are just holding a small amount mate because as a trader I was shaken and I have to admit, even I liquidated a part bitcoins I held because it was massive for me and even a 10% change makes me worried.

[EdvinZ]

Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.

[babygun]

Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.

Instead of selling bitcoin/altcoins, I bought some more during the crash. If you believe in BTC and blockchain, than this crash was a very good moment to buy.
Maybe too easy to say, but if you can not handle a crash like this, than it has no use to have BTC/stocks in your portfolio.

[mycryptocoin]

The halving is completed, the Block reward is half down. If you mined 1 Block, You just receive only 6.25 BTC instead of 12.5 BTC. The world is going on Economic Crisis, cruid of is down more, Covid-19 destroy many filed in the world, etc.

Because reasons above, I believ Bitcoin is grown up and I will Buy 90% my money by BTC before end of June. My target is 16k - 17k last year

[Hasan905]

Well, if you have a good idea about where are you investing and how should you face it, you won't sell in panic. Maybe you will sell some, but will play a better plan for it.

[ansarose1]

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.

[Dr.Osh]

Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.

it is very natural when people panic to see price drops that occur very quickly, and cause panic selling. it's just, I'm not that type. I better hold my assets, and believe in the next price increase. I have seen enough events like this, but, it's best to hold back in the long run, and thinking calmly is the best thing to do.

[lienfaye]

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.

Well it depends on the coin you're going to hold. If its shitcoins then dont expect for it to bounce back because it will never happen. Selling while it has value is much better rather than losing all your money. Thats why its important to only invest in well-established coins or those who have potential and unlikely to be delisted in exchanges.

If you believe in the coins you buy then hold firm and wait for it to skyrocket in the future.

[bitbunnny]

It's hard to tell because I don't think there are any relevant figures, I don't think that anyone is actually having records about it. So, we can only guess based on our feeling or maybe if we know some users who are keen to panic selling.
Anyway, panic is something that can't be avoided, especialy by less experienced users so every time when the price goes down someone will sell, that is for sure.
Personaly, I don't fall under influence of panic or fake news because I'm experienced and been through such situations many times.
What can be done to prevent panic selling is education and risk management.

[Subbir]

Many people panic and sell because of falling prices Don't panic when it comes to investing Even if the price of Bitcoin goes down it has a lot of potentials to rise I never sold it I kept thinking about the future. There is always a risk involved in investing so try to reduce the risk. Now is a good time to hold on without selling.

[coinfinger]

There are sales and there are panic sales, to differentiate the two from each other, you can always look at it when there are big sales coming AND afterwards. When there is a big sale that drops the price, that doesn't have to be panic, but when price falls so much that people end up selling after that, it could be panic selling. For example if the price is 9k and drops to 6k, anything lower than that could be considered panic selling.

Of course this is still not a healthy calculation but it does help you out a bit in the end to realize what type of people and how much is sold during those times of panic, not all of them could be panic but most parts are. However one thing is for sure, there are same people who buy while its going up as well, when you see price at 6k that goes to 10k and you see people buying, its the same mindset.

[FanatMonet]

Many people had to sell their Bitcoins, because because of the pandemic, they had expenses for which they could not raise money from other sources. And it's pretty bad, because this has an impact on the market, in the direction of lower prices.