I wouldn't suggest anyone to sell any Bitcoins right now since the price of Bitcoin is going up. Since I like to watch the Altcoins go up in value when the price of Bitcoin goes up, there is a large chance that people could make more Bitcoins from participating in the price uptrend.
The only thing that I don't like about people panic selling is that they usually complain when the price of Bitcoin gets really expensive and they can't purchase Bitcoin cheaply.
It's fine if they are going to sell only if they really need some extra cash for their own purpose but don't ever try to sell all the bitcoin that you had. I really hate panic selling, there's no unity between the users and traders, when this panic selling will be stopped for sure we are going to see the price to fly up to the moon.
We doesn't seems need to panic selling why? Because why would you sell it if you will lose? Then HODL for it and be patience you will see it if you panic sell and the alts that panic sell is pump much more high. Then you should think of it why i sell it? I just want to say
AIM FOR THE HIGHProblem is more complex. Main reason for people to sell their coins in panic is the fact that they use money that they badly need in their personal lives (i.e. can't afford to lose).
To add ~ some of these people even take it a step higher and dive into leverage trading. As long as they see the price go up, everything is all fine, but as soon as the price goes down, they quickly close their positions.
Hodling for these people has no priority as their main focus is to generate as many profits as possible in a very short time. It's pure gambling that they do.