Guys avoid panic sell...

[Coyster]

The panic could have destroyed the entire crypto industry, but investors came to their senses in time.

I don't believe things have gotten close to being this worse, the panic never got to that stage and I don't know if it's the fear of the virus or the fear of people losing their investments, but many users are making the fear of the corona virus look cryptocurrency related, this is a deadly virus that is slowing down economic growth everywhere in the world, bitcoin and cryptocurrencies have also been affected; making it look like cryptocurrencies were hit worse is what's causing this whole panic.

works from home only limited and not all people has offered and government support is not enough for them to feed family.

My government as insensitive as they are, keep telling us to stay at home, yet no support from them whatsoever, I've been at home for a long time now with restricted movements, but I can't just start selling my assets now, I'd rather spend my fiat I've saved up in the bank and my other reserve cash, selling my bitcoins for me is a last resort.

[Akiko]

Relevance between this current issue and the potentials of more people to be involved inside this market. I see the point that people who still willing to find ways in how to earn money will also adopt this platform, if they are be able to benefits from this market then we will see more interest though in the other hand, there's also possibilities that doubts and scare people will stay out,.

They can search how to make and earn money online and even visit this forum because they are now in need to find other source of income . However even they finds many ways to earn bitcoin it will not help them to be a holder or bitcoin investors. they only see that as thier new source but they will prepare to always exchange it to fiat and use the money than holding it.

[kryptqnick]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

Well, panic selling is always something to avoid, so it applies to this situation as well. If a person decides to buy or sell, it should be a free conscious decision made after some time of analyzing the pros and cons. When it comes to COVID-19 panic, it's important to realize that nothing similar ever happened when Bitcoin was around, so we don't have anything to compare it with and thus cannot predict the outcome in any way. At least, it seems that this is what Antonopoulos believes right now, and I agree with him. Bitcoin recovered partly, and it was quite fast, but we don't know what'll happen is the situation gets worse (and it probably will).

[rezakurnia66]

Sales due to panic conditions do look very ridiculous. However, this condition is common in Crypto trading. When prices begin to decline sharply, many investors will sell coins to cut losses.

But your suggestion is very true if we shouldn't panic. Because panic will exacerbate crypto market conditions. We must be glad that the current Bitcoin condition is slowly starting to increase, of course, will encourage investors to return to the trade.

Now people have been waiting for the final spread of Covid-19. If this plague could end it would have a positive impact on the economy (with the economic vision also giving a positive impact to the crypto world).

[madhavsinghrajput]

This Covid-19 pandemic has caused lot of damage and can cause more.People are in panic mode and we can't suggest them not sale too because we don't know what situation they are in and what is necessary for them.Every market in global are down.But I think this is the best time to buy Bitcoin if you are new buyer and if you are holding Bitcoin than you can improve your average.There is lot infusion of liquidity in market has happened in recent past by respective goverments and this can also impact crypto market.

[bithisach]

With this virus in the way and everyone is trying to stock up with necessary supplies to keep us off meeting other people to reduce exposure & with this social distancing we need every coin we can get our hands on to buy the necessities because we don't know how long this will go on for...your health must come first not your BTc holding. Though OPs advice will be taken when this go back to normal.

You know what I did? I decided to buy at $4.7k, bought around $3k worth and sold at $6.7k today, with that money I'll be able to mitigate a bit what I lost, hopefully price recovers soon as I indeed don't want to sell at this price. But I think in the near future price will continue to drop, maybe we'll see it bounce back to $10k sometime next year (but don't take my word for it, it's just what I honestly think)

[ZeeeN]

With this virus in the way and everyone is trying to stock up with necessary supplies to keep us off meeting other people to reduce exposure & with this social distancing we need every coin we can get our hands on to buy the necessities because we don't know how long this will go on for...your health must come first not your BTc holding. Though OPs advice will be taken when this go back to normal.

You know what I did? I decided to buy at $4.7k, bought around $3k worth and sold at $6.7k today, with that money I'll be able to mitigate a bit what I lost, hopefully price recovers soon as I indeed don't want to sell at this price. But I think in the near future price will continue to drop, maybe we'll see it bounce back to $10k sometime next year (but don't take my word for it, it's just what I honestly think)

if next month have more new case infect corona virus  price maybe drop

because everyone want money to use  right now a lot of people no job or have some money to live in couple month.

they have crypto to sell price maybe going to 5k but after that next year i think market will recover and price rise up to 10-15k

[gundala]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

You should not impose such a principle, everyone has different needs and wallets. There are people who immediately sell their assets because that is the only way he/she can do to fulfill life in the midst of this crisis. Don't worry about falling prices, because it's normal and will recover if conditions are conducive. So now the most important thing is to choose which one should be prioritized, of course, life and health needs, right? investment and profit can be sought again, now the most important thing is to maintain health.

[seoincorporation]

True, the global economy is madness nowadays, those ones who really know how to hold in crisis time will have the future in their hands. So, is a bad time to sell now, let's wait at least until the halving to see if things gets better. Long life for the holders!

[finaleshot2016]

Agree, guys who always panic sell are the ones who always lose. Panic sell is similar to short term investment, probably you won't gain high profit with that. After the outbreak of COVID-19, the market will be stable and back at its original peak since 2020 is the year bitcoin halving and definitely it will grow more.

True, the global economy is madness nowadays, those ones who really know how to hold in crisis time will have the future in their hands. So, is a bad time to sell now, let's wait at least until the halving to see if things gets better. Long life for the holders!

One of the good things we need to do right now is waiting for the halving because many people see the cause of the market downfall is the virus spreading rapidly but also they cannot see the potential of the halving because from the previous year the price of the bitcoin too rapidly falls down. Like the price today still we are looking forward to it.

I'm waiting for halving also, panic sellers will regret that they sell it early at a low price.

[pixie85]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

If you think that it will continue then sell and buy more later. This is the basic instinct of an investor. If you believe that something will happen take advantage of that knowledge.

I don't sell Bitcoin because I prefer to keep it safe in cold storage. Safety is my main concern and I trade only coins that I don't believe in but if some of you hold coins on exchanges why not trade them?

[pakhitheboss]

This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.

[pixie85]

This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.

So what?

Every sixth death in the world is due to cancer, making it the second leading cause of death (second only to cardiovascular diseases).1 In 2017, 9.6 million people are estimated to have died from the various forms of cancer.

1000 per day makes it only 360 000 a year compared to millions that die from cancer and millions that die in car accidents every year. I don't see anybody making a big deal out of car or cancer deaths but it takes just a few people to die from a new form of virus and there's suddenly a worldwide panic and everything gets shut down.

[BuNga_cute]

This is what I fear, many people who sell cheap bitcoin they owned. If this continues to be dangerous for the future of bitcoin, I understand
the impact of the corona virus which made some countries do lockdowns made many bitcoin holders panic and sell bitcoin it has. I am sure
there must be another way that does not need to sell the bitcoin that we have or other assets. What we need to do is think calmly, and don't
panic or make hasty decisions. Because in my opinion not the best decision to face this crisis with sell cheap bitcoin that we have.

[btc78]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

This is a Pandemic mate and people now are looking for Funds to make them stay not in starvation so believe me even if they don't want to cash out?
they have no option but to do so.

just like 2 of my friends whos Long Time Hodlers for years now but they cannot Hinder themselves from withdrawing now because they have no Work from home and they want to be assured of having Food in the table so they need nothing to do but to Full out so this is a case to case basis and i am sure even you will do the same if leaves no option.

[Farma]

many people suggest this, it's just that people's panic is sometimes greater, moreover, we don't know how long the lockdown will occur. Well, we all desire that crypto holders or other shares don't panic, but when the lockdown occurs, people who don't have so much cash will get their assets out of the internet or from other investment sites to stock up on food. for now, I think the effect of panic sell is rather normal because we can see that the price of bitcoin is stable in the range of $ 6k.

[camito]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

I think this is applicable for those who are patient in waiting for the rise again. However, for those who need actual money (the more essential and accepted by small business owners) to be able to survive for a day, doesn't listen to this. I think we all have our own solution and countermeasure we think is best so the most important things here is to be smart on deciding whether to sell or hold depending on the current situation we are in and some other factors around that user.

[pankaj1234]

Every time Cryptocurrencies has seen when they go down People start selling in panic but crypto has always recovered.
If anybody not panic in crypto always has the profit but not the case. You should hold your Cryptocurrencies till you get profit.
Bitcoin has now recovering very well as other Cryptocurrencies.
So please be patient not sell Cryptocurrencies in panic. Lets see how market goes. Enjoy this market and get some from this.

[Maestro75]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

The proposed or expected downward crash of Bitcoin and other cryptocurrencies is not going to continue forever. We still have expectations of good news from bitcoin halving the community and investors are looking at. This will somehow keep price from crashing further. On the advice for people not to sell off, it will not be adhered to. People sell for different reasons.

[Asuspawer09]

After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...

Since it was already pandemic mosts of the investors are obviously going to end up selling their assets or investments in the end.

The Virus was not really deadly comparing to the other pandemic diseases in the past but the virus could spread very fast around the globe. We cannot really we cannot blame them if they are going to sell their assets if they really needed the money since it is all about survival already for most of the countries that are affected like Italy. All your investments will be useless anyway if you are already dead.


Source:
https://www.nbcnews.com/health/health-news/coronavirus-diseases-comparing-covid-19-sars-mers-numbers-n1150

Anyway selling of their assets would totally affect the market price of bitcoin in the market but in my opinion, the bitcoin still has a high demand so it would recover easily since there are still a lot of investors that are waiting for the market price to go dump in the market.