What make people panic sell?

[Ararbermas]

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

actually the amount of short term and long term investors has a big differential, and on this crypto market it's more on short term.. Only true hodler left behind when there's a situation in the market.  Wherein that's why the market always suddenly make a reaction when there's a Fud trying to scare hodlers and traders... This actually not new and indeed this always happened,  so we cannot blame them since they are basing only for short term so they will make an exit before it becomes worse..

[Bilgent]

I don't think that most of the people sell their coins due to thinking like the price will go down to zero. Panic sellers are afraid of the possibility that the current decrease may continue and they may lose a lot of money.

[Ecol]

After Elon's statements, the market could not fix itself. I think bitcoin's direction is still down. Therefore, it is necessary to be careful. There is a risk of losing our money when we say don't panic sell.

[sportclub2010]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

[BuNga_cute]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

There are still many people who continue to compare the increase this year with what happened in 2017, as well as when the Bitcoin price
suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.

[KeikoKitagawa18]

Maybe he just NEW in this investment so she panic, especially for those people who moved from Stock investment into this Crypto investment. 0 it won't never happen dude, i think they just panic because they still new in this investment.

[riiiiising]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

There are still many people who continue to compare the increase this year with what happened in 2017, as well as when the Bitcoin price
suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.

Considering relative price movements I can understand the panic because if the price falls a lot there is also more money needed to bring it back to where it was. Yes there are more players involved now but it is still all relative. Bringing it back to $60k isn't just guaranteed to be happening within no time. It is a more difficult decision to get into Bitcoin today than it was in 2017 when it was relatively cheap and it felt like there was a lot of potential.

[Taskford]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

People are just to careful about the same consequences since they afraid lose huge money for the second time around when bear market happens, thats why many consider to join the panic and do stop loss so that they can accumulate at the cheapest rate what bitcoin got. I'm not convince yet that we are now entering the bear season since we are still on 47k - 50k price level.

[ilovealtcoins]

Not everyone is a holder. Most people are short-term traders. The way they do it is to optimize their profits. Worry is essential because when Bitcoin enters a bear cycle, it will take years for Bitcoin's value to recover and grow. Why should they lose all their profits and not sell all to buy at a lower price? Everyone wants to make money from the market and their worries are justified.

[jinxing]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

in essence, they were afraid of losing a lot of money and were unsure of the coins they held. Another trigger could be FOMO which caused most of them to get carried away and then immediately took the decision to sell them

[Ridwan Fauzi]

The panic seller will just do by the short term investor and for those who just know to bitcoin. For long term player especially for those who have intention to choose long term investment will not do that. They will only hold their bitcoin although their fund is decreasing a lot because they know that bitcoin price will go back to the original price even passing the previous all time high.

Also, for those who choose short term investment will think that if we sell their bitcoin is the best thing to do because they will buy when the lower price is being reached. So as they will recover their lose even will get a profit when bitcoin price increasing. The worst case is for those who are new to bitcoin and insist on buying it even though they do not know the characteristics of bitcoin movement, they will only experience big losses.

[nightxglow]

I guess the one who panic sell are the one who don't really understand bitcoin. Like, maybe they're just joining the hype without really understand the situation or what's going on. That's why, when the price goes down, they are in panic since they don't know what will happen, and only think that bitcoin is falling. Especially since btc sometimes go down quite drastically, not just a bit. So that's why they just decided to sell it before it goes down even further, without knowing that the price will soon go up again.

[Dread Pirate Roberts]

In forex or stock market losing 5% asset its like big news about collapse asset and imagine in crypto market 5% its nothing compare normal trading in forext or liquid asset .  price could go higher than that or lower than that in 24h change thats why people had fear losing asset. i think people should know characteristic crypto which fluctuative.

[Golftech]

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

in essence, they were afraid of losing a lot of money and were unsure of the coins they held. Another trigger could be FOMO which caused most of them to get carried away and then immediately took the decision to sell them

Fuds really affects the sentiment of those weak holders, they are unsure what to do with thier hold assets, once pressure

for selling show up, they simply being moved by the situations and follow what most of those sellers decisions, leading them

to lose money without realizing that this is also part of this investment.

[Review Master]

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

Everyone don't think like that way or don't wanna be a long term hodlers. As a result, they just want to make profits in a short time or they need those initial capital for their bad times. That's why whenever bitcoin took correction, many of those became panic users to take decision whether hodl or sell off. But diamond hand hodlers be like: this type correction won't effect on my portfolio. 

TBH, bitcoin will always be on upteneded with bull and bear market, but short term traders/investors need more time to understand this. 

[Sanugarid]

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

I think most people don't perceive that way when they see the price of BTC drops and obviously, they'll do everything they can to stop further losses on their part and I don't think it is considered as a panic sell. If you're into a long-term goal then there's no need to panic sell but most people can't afford to wait for 5 years or more for them to take profit.

[newwest]

I investing in bitcoin since long time ago and I am not so surprise. In my opinion is not a bad thing, it is just giving investors to buy more bitcoin at lower price. In my opinion it is happen because the old bitcoin holders need to get their profit. Also there is no more new sentiments that give significant effect to the market.

To me drop in prices does not effect and nor does the negative sentiments of people as my strategy is different and have multiple plans which take care of the drop as well. I consider this an opportunity and those who are here just for short term need to worry as well because they buy high and need to sell and cannot hold they end up in a loss,rest should be good depends on which coin you hold it.

[gabbie2010]

I don't think that most of the people sell their coins due to thinking like the price will go down to zero. Panic sellers are afraid of the possibility that the current decrease may continue and they may lose a lot of money.

Recall in the wake of Covid-19 pandemic early last year Bitcoin dipped or dumped from $12K to $3K there are alot of panick sales then however some hodlers stood their ground and hodl in a long run the price pumped massively, thus  if Bitcoin can recovered even at the peak of the pandemic I see no reason why people should panick with present correction being experience by the price, there is no cause for alarm, it is very normal that price will experience correction irrespective of the current Elon Musk controversy.

[BuNga_cute]

~

~

There are still many people who continue to compare the increase this year with what happened in 2017, as well as when the Bitcoin price
suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.

Considering relative price movements I can understand the panic because if the price falls a lot there is also more money needed to bring it back to where it was. Yes there are more players involved now but it is still all relative. Bringing it back to $60k isn't just guaranteed to be happening within no time. It is a more difficult decision to get into Bitcoin today than it was in 2017 when it was relatively cheap and it felt like there was a lot of potential.

The price drop below $ 50k is actually still reasonable, because Bitcoin price now at $ 45k is still very high when compared to Bitcoin price in 2020.
But still a lot of people panic, because maybe they are panicking because they bought Bitcoin at the price of $ 60k, and there is no guarantee that
Bitcoin will return to a price of $ 60k anytime soon. But actually what many Bitcoin holders should know, Bitcoin is the best performing asset this
year and its movement since it was created has continued to increase. So if the price of Bitcoin goes down, we don't need to panic, because I think
the future for Bitcoin is very bright. This means that no matter how deep the Bitcoin price falls, sooner or later the price will definitely go up even
higher. So investing in Bitcoin does require trust and patience.

[Henrobakkara]

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

You would see the price as in only going up if you are looking at the price chat from a longer time frame but you would understand that not every investor in a long term, some people still do regular short term trades and will most likely sell off in every downward movement of price and try to buy back in and even amongst the long term investors, not all have the ability to Hodl during down trends like this.