Guys avoid panic sell...

[casperBGD]

yeap, panic sell should be avoided, of course is someone is in need for liquid money, they will either sell BTC, or other asset to get that cash, situation is unclear at the moment, it is hard to tell until when this corona crisis is going to last, and more important what will be the consequences of this meltdown that is currently on the stage in stock markets and global economy, we can be certain that another crisis, economic, will follow this health crisis by corona

[1715313846]

1715313846

[matchi2011]

Anybody who sells now is an idiot, now is the time to buy. Always do the opposite of what the majority do.
The halving is soon, there will be significant price rises over the next 18 months.

100% truth right here

You calling people idiots because they need cash to buy essential items to survive, and not having enough disposable income to gamble on btc? Pathetic.

Those small traders who can't afford to spare money inside this business will choose life between this situation. Knowing that the there's panics around the world that cause by this spreading virus, it's best to have money to use in the time of crisis like this than to think about investing your money to the things that you needed to wait for much longer time frame.

[BlackFor3st]

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...

For those people who have no other option, I am pretty sure that they are desperate especially if the daily needs is at stake. Would you rather put yourself in hunger just to save your investment, so they will surely sell their assets if it can help them to cross this crisis and buy back again those assets after this crisis.

But if your daily needs is not in pinch then panic selling will not help you as you are only worsening the market situation. Though I see that there are investors out there who know how to play wisely in this type of market, they are selling at a reasonable price and buy more once the market goes down badly.

[Eugenar]

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 said mate, COVID-19 really affects the price of the bitcoin, when this virus is not yet existing, the price of the bitcoin ranger up to 10,000$ but when this virus exists the price of the bitcoin changes so quick, from 10,000$ it turns to the lowest price with 3,900$, to the point that some investors, hodlers, traders sell their coins because of thinking that bitcoin will be dead and because of some investors who pull out their coins and converted it into fiat currency so they will have money to buy some goods to support their lives in the crisis.

[OverEasy]

the world economy is  falling, with lockdown policies in several countries.
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.

CV is not even the reason for the collapse in asset prices today.

see this picture quoted from one of web



look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'

and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices

[HardFacts]

and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices

We are NOT, NOT, NOT in the same conditions as 2016, in which BitCoin rose to the moon in an ECONOMIC BUBBLE.

We are now in a FINANCIAL CRISIS, and BitCoin price has CRASHED in its first test in a financial crisis.  I have no idea what BitCoin price will do from here, but the financial crisis will last for many years to come, and you should all be very worried.

To dismiss all selling as " Panic Selling " is utterly stupid and intellectually dishonest.  Selling an asset before a price crash is what a SMART INVESTOR does.

Hard Facts

[CarnagexD]

the world economy is  falling, with lockdown policies in several countries.
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.

CV is not even the reason for the collapse in asset prices today.

see this picture quoted from one of web



look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'

and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices

The market price of the coin does not do not really relate to the outbreak today and it is just because of the whales those are the people who have a lot of coins that are holding and there is a lot of analysis and data that the half of the percent of the coins does not circulate for over a year and the whales are one of the biggest contributors into the world of crypto if they want to make a change they can because some of them have the power because they are the biggest contributor on the market still, we are looking forward to the market price of the bitcoin the halving is coming back so there is a chance that the price of the bitcoin will go back to normal and profitable again.

[valuater]

Some of them still hold bitcoin, but if there is an urgent need, now some countries have put in place a lockdown so that the corona virus does not spread and need money so they sell their crypto assets for their needs. But it is not until we panic, everything will end and the price of crypto will return to rise sooner or later.

We do not need to panic with the conditions that currently occur, because we who are here already have a way to how to overcome them, but indeed most of the bitcoin holders will also sell most of their bitcoin to survive, because as we know that in some countries' lockdown is now done so after all they need money to be able to survive until the epidemic of the coronavirus really ends.

[Twentyonepaylots]

and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices

We are NOT, NOT, NOT in the same conditions as 2016, in which BitCoin rose to the moon in an ECONOMIC BUBBLE.

We are now in a FINANCIAL CRISIS, and BitCoin price has CRASHED in its first test in a financial crisis.  I have no idea what BitCoin price will do from here, but the financial crisis will last for many years to come, and you should all be very worried.

I've been seeing your negativity lately, given that the price powers from the speculation and you are talking somehow sensing things about bitcoin already proves that you are not in favor of it, in short you are anti-bitcoin. Every year is different, so why compare the current situation with what happened in 2016? Speculation is different from every year, and this time there will be huge as halving will is nearing to occur. I still believe that bitcoin was made for crisis like this even with the dump experienced last month.

To dismiss all selling as " Panic Selling " is utterly stupid and intellectually dishonest.  Selling an asset before a price crash is what a SMART INVESTOR does.
Hard Facts

Yeah, selling an asset before a price crash is what the smart investor does, but how would you know? lol

[omone1]

Your advise is timely but people who have limited fund for trading and up keep during this trying times will just panic sell off and hope to buy back at a much lower prices which may be a brutal decision because the cryptocurrency market may defy this global crisis and head north.

[FlightyPouch]

Your advise is timely but people who have limited fund for trading and up keep during this trying times will just panic sell off and hope to buy back at a much lower prices which may be a brutal decision because the cryptocurrency market may defy this global crisis and head north.

I don't think that people are actually panic selling right now. I do understand the fact that a lot of countries are affected by the pandemic these days but I don't think because of that they will be selling their bitcoins so easily. The price dumped because of the movement of the scammed bitcoin of Plustoken, and people might be selling but not really panic selling. They might use it to stock essentials for the quarantine.

[davide72]

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...

After the storms the sun always comes, buy those who have the opportunity to buy at low prices. Unfortunately it has always been this way not only now, however as long as the uncertainty of the markets remains and the covid19 does not stop the situation of the cryptocurrencies will always be the same.

[HardFacts]

After the storms the sun always comes, buy those who have the opportunity to buy at low prices.

What an UTTERLY STUPID way to talk about investing.   A lot of investments go to ZERO, then you are wiped out, done...  So NO, NO, NO, the sun does not always comes for an investor   

Given the way BitCoin is reacting to its FINANCIAL CRISIS, BitCoin appears it will go closer to zero than its high.  BitCoin is below 6000 again now.

The HALVING is already very well known by everyone and already priced into the market, any price increase due to his has already happened.

Hard Facts

[verita1]

Now the situation is very critical so health must prevail. We must keep ourselves safe, let us pray to God to receive the good news that the Covid19 pandemic ends. BTCitcoin has great potential and a good future. Although the price of Bitcoin is falling.
The community is waiting for this bad weather to pass in order to continue building its ecosystem.

[Kurokonobasuke]

Indeed, the world are suffering the crisis called coronavirus, it is a pandemic virus that is easily transfer from human to human, that’s why many countries are commanded to be lockdown, and that’s a huge effect on the markets. Those people who are panic selling are those noobs, because they make solutions without knowing the possible results. They think that it is impossible to recover again the market price. Panic selling is a big loss of your assets because you just selling it at a cheap price. The only way to do is to pray on our God that this crisis would end soon, so just keep praying to God that everything will be fine and going back to normal lifestyle. 

[lienfaye]

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 current situation is really hard especially to those who dont have savings. Because of this virus majority of people cant work and its a problem for some of us who are counting on their salary to buy the basic needs of the family. We need cash now so I believe investors who panic sell has no option but to sacrifice their investment to sustain the needs of the family. While others (possibly a weak investors) decided to sell to avoid further losses or afraid the market might crash, well its a normal mindset of people who dont have trust in crypto.

[criza]

I don't think that all people can be patient in times likes this epsecially when they don't have much money for their needs and has responsibilities not only for themselves but also for their family. If the lockdown would continue longer, it is sure that another dip will follow in the standing of Bitcoin as people can't earn money anymore.

[Cratoon]

Personally I agree with OP.

The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.

[fabiorem]

Nobody is panic selling.

People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.

The hodler cult innercircle will never understand it, because they bought bitcoin at two digits. Its easy to hold that way.

[carlfebz2]

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...

Easy to say but really hard to be done specially when you are in need of funds.Of course people will surely sell out their holdings either on traditional investments or here on crypto space yet
the main priority that do have in mind is on how to survive even if they do need to sell out and dont mind if they lost that much since this isnt the priority for now.
Good thing that bitcoin price is still holding up and somewhat stabilize at the moment as situation becoming worst day by day in talks of corona virus.