Re: panic selling

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

Yes there's effect maybe some of hoders sell threir bitcoin and some make a panic selling. But i think some are holding their bitcoin because they know once bitcoin down the price thet will pump it again.

Smart people will take advantage of that situation by buying more coins and holding their existing coins without selling them as they very well know that if price has gone down it will surely rise once again in future.

The best traders and investors make the most of their money by being contrarians. its only in situations when a few are right and most are wrong that generate the most profit. Think of it as a pie: if there are more people, then your share of the pie is smaller. if there are less, your share of the pie becomes much larger

I do not think it is being contrarians that make these best traders and investors makes money. It is their logical thinking that make them reap the most reward. Going against the flow or majority does not necesarry means profit. There are only some cases where majority are wrong and the minority are right. These traders still need to learn and be knowledgable about the trends and current event. This way they can decide to either go with the crowd or go against it.